John Overdeck Two Sigma Investments
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$275M |
| 2 |
Netflix
NFLX
|
+$254M |
| 3 |
Microsoft
MSFT
|
+$242M |
| 4 |
Qualcomm
QCOM
|
+$236M |
| 5 |
Starbucks
SBUX
|
+$232M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$236M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$221M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$191M |
| 4 |
McDonald's
MCD
|
+$183M |
| 5 |
Union Pacific
UNP
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.08% |
| 2 | Healthcare | 12.88% |
| 3 | Consumer Discretionary | 11.39% |
| 4 | Financials | 10.88% |
| 5 | Industrials | 10.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1776
IBEX
IBEX
$493M
| $1.23M | ﹤0.01% |
79,385
-7,375
| -9% | -$138K |
|
1777
MSC Industrial Direct
MSM
$6.62B
| $1.22M | ﹤0.01% |
12,467
| – | – |
|
1778
Greenlight Captial
GLRE
$504M
| $1.22M | ﹤0.01% |
113,916
-46,134
| -29% | -$497K |
|
1779
ArcBest
ARCB
$3.04B
| $1.22M | ﹤0.01% |
12,000
-18,942
| -61% | -$1.99M |
|
1780
Privia Health
PRVA
$2.67B
| $1.22M | ﹤0.01% |
53,000
| – | – |
|
1781
Forrester Research
FORR
$229M
| $1.22M | ﹤0.01% |
42,143
-3,971
| -9% | -$122K |
|
|
WCLD
1782
WisdomTree Cloud Computing Fund
WCLD
$333M
| $1.22M | ﹤0.01% |
41,100
-65,500
| -61% | -$2.07M |
|
1783
Ichor Holdings
ICHR
$2.15B
| $1.21M | ﹤0.01% |
+39,173
| New | +$1.34M |
|
1784
PROG Holdings
PRG
$1.54B
| $1.21M | ﹤0.01% |
36,432
+9,789
| +37% | +$341K |
|
1785
Sumitomo Mitsui Financial
SMFG
$159B
| $1.21M | ﹤0.01% |
122,800
-50,800
| -29% | -$470K |
|
1786
Dorman Products
DORM
$3.86B
| $1.21M | ﹤0.01% |
+15,919
| New | +$1.29M |
|
1787
Neogen
NEOG
$2.52B
| $1.21M | ﹤0.01% |
65,000
| – | – |
|
1788
Graham Holdings Company
GHC
$4.94B
| $1.2M | ﹤0.01% |
2,066
-904
| -30% | -$524K |
|
1789
Esquire Financial Holdings
ESQ
$1.37B
| $1.2M | ﹤0.01% |
26,258
-4,614
| -15% | -$219K |
|
|
PDCO
1790
DELISTED
Patterson Companies, Inc.
PDCO
| $1.2M | ﹤0.01% |
+40,453
| New | +$1.28M |
|
|
SWTX
1791
DELISTED
SpringWorks Therapeutics
SWTX
| $1.2M | ﹤0.01% |
51,800
-2,100
| -4% | -$57.4K |
|
1792
Avita Medical
RCEL
$325M
| $1.19M | ﹤0.01% |
81,723
-62,717
| -43% | -$1.06M |
|
1793
Ranger Energy Services
RNGR
$377M
| $1.19M | ﹤0.01% |
+84,091
| New | +$980K |
|
1794
National Vision
EYE
$1.48B
| $1.19M | ﹤0.01% |
73,400
+6,200
| +9% | +$124K |
|
|
ALE
1795
DELISTED
Allete
ALE
| $1.19M | ﹤0.01% |
22,488
+9,120
| +68% | +$513K |
|
1796
Resideo Technologies
REZI
$2.94B
| $1.19M | ﹤0.01% |
75,000
-39,200
| -34% | -$659K |
|
|
ESGR
1797
DELISTED
Enstar Group
ESGR
| $1.18M | ﹤0.01% |
4,894
+1,406
| +40% | +$353K |
|
1798
Amphenol
APH
$195B
| $1.18M | ﹤0.01% |
28,200
| – | – |
|
|
UROY
1799
Uranium Royalty Corp
UROY
$1.69B
| $1.18M | ﹤0.01% |
+411,218
| New | +$969K |
|
1800
Companhia Siderúrgica Nacional
SID
$1.32B
| $1.17M | ﹤0.01% |
489,200
-366,886
| -43% | -$940K |
|
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John Overdeck's Q3 2023 Portfolio in Review
As of Q3 2023, John Overdeck held 3,402 positions worth $37.2B, down 6.8% from $39.9B the previous quarter. Its ten largest holdings account for 7% of the portfolio.
John Overdeck withdrew a net $1.95B in Q3 2023, closing 472 positions and reducing 1,183 holdings. Its most notable exit was Etsy, an estimated $144M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, John Overdeck opened a new position in Eli Lilly worth $232M.
- John Overdeck's largest Q3 2023 buy was Eli Lilly: 432,734 shares worth $232M.
- John Overdeck added most to Advanced Micro Devices in Q3 2023, an estimated $275M increase.
- John Overdeck's biggest Q3 2023 reduction was Walmart Inc, cutting an estimated $236M.
- John Overdeck fully exited Etsy in Q3 2023, selling an estimated $144M.
- John Overdeck's ten largest holdings make up 7% of its $37.2B portfolio in Q3 2023.
- John Overdeck opened 430 new positions and closed 472 in Q3 2023.
- John Overdeck's portfolio value fell 6.8% quarter-over-quarter to $37.2B.
Based on Two Sigma Investments's 13F filing for Q3 2023, filed 14 Nov 2023.