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JO
John Overdeck Two Sigma Investments
AUM
$138B
1-Year Est. Return
41.87%
John Overdeck is a co-founder of Two Sigma Investments, one of the world’s leading quantitative and technology-driven investment firms. Two Sigma applies data science, machine learning, and large-scale computing to markets across asset classes. Overdeck’s firm is a central reference point in discussions of modern systematic investing.
This Fund
S&P 500
This Quarter
Est. Return
+3.47%
1 Year Est. Return
+41.87%
3 Year Est. Return
+122.61%
5 Year Est. Return
+129.48%
10 Year Est. Return
+649.67%
AUM
$70.9B
AUM Growth
+$3.72B
(+5.5%)
Cap. Flow
+$541M
Cap. Flow
% of AUM
0.76%
Top 10 Holdings %
Top 10 Hldgs %
4.9%
Holding
4,545
New
899
Increased
1,598
Reduced
1,287
Closed
504
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$395M |
| 2 |
Vanguard Real Estate ETF
VNQ
|
+$321M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$318M |
| 4 |
ServiceNow
NOW
|
+$272M |
| 5 |
Schwab US REIT ETF
SCHH
|
+$248M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$547M |
| 2 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$447M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$377M |
| 4 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$299M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$269M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.53% |
| 2 | Financials | 13% |
| 3 | Industrials | 11.22% |
| 4 | Healthcare | 10.29% |
| 5 | Consumer Discretionary | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1626
MaxLinear
MXL
$5.71B
| $5.08M | 0.01% |
291,668
-349,909
| -55% | -$5.7M |
|
1627
HealthStream
HSTM
$841M
| $5.07M | 0.01% |
219,555
+57,128
| +35% | +$1.44M |
|
1628
Kodak
KODK
$933M
| $5.06M | 0.01% |
598,214
+195,052
| +48% | +$1.46M |
|
1629
BlackBerry
BB
$4.57B
| $5.04M | 0.01% |
1,330,983
-1,621,300
| -55% | -$7.13M |
|
1630
CALL
Duolingo
DUOL
$6.59B
| $5.04M | 0.01% |
+28,700
| New | +$6.76M |
|
1631
PUT
Chipotle Mexican Grill
CMG
$47.3B
| $5.03M | 0.01% |
+136,000
| New | +$4.92M |
|
1632
Riot Platforms
RIOT
$7.73B
| $5.02M | 0.01% |
396,129
-2,479,282
| -86% | -$42.4M |
|
1633
PUT
Visa
V
$717B
| $5.02M | 0.01% |
+14,300
| New | +$4.87M |
|
1634
Corpay
CPAY
$26.7B
| $5.01M | 0.01% |
16,659
-71,311
| -81% | -$20.7M |
|
1635
NB Bancorp
NBBK
$977M
| $5.01M | 0.01% |
252,845
+46,976
| +23% | +$894K |
|
1636
Marqeta
MQ
$1.67B
| $5M | 0.01% |
263,367
+148,945
| +130% | +$2.86M |
|
|
SOCA
1637
Solarius Capital Acquisition Corp
SOCA
$243M
| $5M | 0.01% |
497,161
| – | – |
|
1638
Southside Bancshares
SBSI
$956M
| $4.99M | 0.01% |
164,347
+11,744
| +8% | +$344K |
|
1639
CenterPoint Energy
CNP
$26.1B
| $4.99M | 0.01% |
130,124
-234,017
| -64% | -$9.12M |
|
1640
Nathan's Famous
NATH
$400M
| $4.98M | 0.01% |
53,194
+13,569
| +34% | +$1.36M |
|
1641
SM Energy
SM
$8.41B
| $4.97M | 0.01% |
265,612
+100,748
| +61% | +$2.04M |
|
1642
Utz Brands
UTZ
$1.26B
| $4.97M | 0.01% |
478,481
-198,290
| -29% | -$2.14M |
|
1643
TriplePoint Venture Growth BDC
TPVG
$217M
| $4.96M | 0.01% |
758,262
+145,535
| +24% | +$872K |
|
1644
Ambev
ABEV
$44.7B
| $4.95M | 0.01% |
2,004,169
-936,390
| -32% | -$2.23M |
|
1645
Absci
ABSI
$1.58B
| $4.95M | 0.01% |
1,418,416
+1,291,261
| +1,016% | +$4.71M |
|
1646
SI-BONE Inc
SIBN
$871M
| $4.95M | 0.01% |
250,916
+35,445
| +16% | +$616K |
|
|
JACS
1647
Jackson Acquisition Co II
JACS
$318M
| $4.95M | 0.01% |
474,821
| – | – |
|
1648
Ciena
CIEN
$57.2B
| $4.93M | 0.01% |
21,101
| – | – |
|
1649
Forum Energy Technologies
FET
$850M
| $4.93M | 0.01% |
133,323
+23,484
| +21% | +$729K |
|
1650
Enova International
ENVA
$5.89B
| $4.92M | 0.01% |
31,329
+19,170
| +158% | +$2.5M |
|
Similar funds
John Overdeck's Q4 2025 Portfolio in Review
As of Q4 2025, John Overdeck held 4,545 positions worth $70.9B, up 5.5% from $67.2B the previous quarter. Its ten largest holdings account for 4.9% of the portfolio.
John Overdeck's Q4 2025 filing shows 899 new, 1,598 increased, 1,287 reduced and 504 closed positions. Its largest new stake was Vanguard Real Estate ETF: 3,573,400 shares worth $316M. The largest sale was State Street Financial Select Sector SPDR ETF, an estimated $547M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 16% a quarter earlier, followed by Financials and Industrials.
- John Overdeck's largest Q4 2025 buy was Vanguard Real Estate ETF: 3,573,400 shares worth $316M.
- John Overdeck added most to State Street Technology Select Sector SPDR ETF in Q4 2025, an estimated $395M increase.
- John Overdeck's biggest Q4 2025 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $547M.
- John Overdeck fully exited State Street SPDR Dow Jones Industrial Average ETF Trust in Q4 2025, selling an estimated $240M.
- John Overdeck's ten largest holdings make up 4.9% of its $70.9B portfolio in Q4 2025.
- John Overdeck opened 899 new positions and closed 504 in Q4 2025.
- John Overdeck's portfolio value rose 5.5% quarter-over-quarter to $70.9B.
Based on Two Sigma Investments's 13F filing for Q4 2025, filed 17 Feb 2026.