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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 | |
|---|---|---|---|---|---|---|
1701
SmartFinancial
SMBK
$867M
| $4.61M | 0.01% |
124,658
+55,397
| +80% | +$2.01M |
|
1702
Bumble
BMBL
$363M
| $4.59M | 0.01% |
1,287,065
-360,454
| -22% | -$1.6M |
|
1703
Gildan
GIL
$9.92B
| $4.59M | 0.01% |
73,418
+54,835
| +295% | +$3.26M |
|
1704
Eldorado Gold
EGO
$12.2B
| $4.59M | 0.01% |
127,652
-188,756
| -60% | -$5.65M |
|
1705
Univest Financial
UVSP
$1.15B
| $4.58M | 0.01% |
140,024
+8,078
| +6% | +$253K |
|
1706
PUT
Amgen
AMGN
$238B
| $4.58M | 0.01% |
14,000
+13,000
| +1,300% | +$4.12M |
|
|
ALUB.U
1707
Alussa Energy Acquisition Corp II Units
ALUB.U
| $4.58M | 0.01% |
+453,124
| New | +$4.58M |
|
1708
EverQuote
EVER
$919M
| $4.57M | 0.01% |
169,334
+41,866
| +33% | +$1.01M |
|
1709
Altimmune
ALT
$613M
| $4.57M | 0.01% |
1,265,683
-731,165
| -37% | -$3.19M |
|
1710
CALL
Micron Technology
MU
$1.06T
| $4.57M | 0.01% |
16,000
+9,000
| +129% | +$2.07M |
|
1711
NovoCure
NVCR
$2.08B
| $4.56M | 0.01% |
352,459
+235,092
| +200% | +$3.02M |
|
1712
Global X SuperDividend US ETF
DIV
$795M
| $4.55M | 0.01% |
262,800
+99,400
| +61% | +$1.73M |
|
1713
Kinross Gold
KGC
$38.3B
| $4.55M | 0.01% |
161,529
+13,455
| +9% | +$350K |
|
1714
Phinia Inc
PHIN
$2.57B
| $4.55M | 0.01% |
72,500
+29,300
| +68% | +$1.62M |
|
|
NFGC
1715
New Found Gold
NFGC
$730M
| $4.53M | 0.01% |
1,526,911
+1,077,479
| +240% | +$2.64M |
|
1716
Northwest Bancshares
NWBI
$2.24B
| $4.53M | 0.01% |
377,523
+190,314
| +102% | +$2.32M |
|
|
PCG.PRX
1717
PG&E Corp 6.000% Series A Preferred Stock
PCG.PRX
$1.4B
| $4.52M | 0.01% |
+110,314
| New | +$4.52M |
|
|
AII
1718
American Integrity Insurance
AII
$522M
| $4.52M | 0.01% |
216,891
+66,455
| +44% | +$1.48M |
|
1719
PUT
Western Digital
WDC
$169B
| $4.51M | 0.01% |
+26,200
| New | +$3.97M |
|
1720
Kelly Services Class A
KELYA
$590M
| $4.51M | 0.01% |
512,838
+75,885
| +17% | +$772K |
|
1721
Varex Imaging
VREX
$779M
| $4.51M | 0.01% |
387,212
+121,133
| +46% | +$1.42M |
|
1722
Minerals Technologies
MTX
$2.24B
| $4.51M | 0.01% |
74,004
-27,196
| -27% | -$1.61M |
|
1723
Enanta Pharmaceuticals
ENTA
$412M
| $4.5M | 0.01% |
285,448
+224,726
| +370% | +$2.85M |
|
1724
Gold Fields
GFI
$42.6B
| $4.5M | 0.01% |
103,091
-32,900
| -24% | -$1.37M |
|
|
GRDN
1725
Guardian Pharmacy Services
GRDN
$2.37B
| $4.5M | 0.01% |
149,527
-27,210
| -15% | -$770K |
|
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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.