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 |
Johnson & Johnson
JNJ
|
+$166M |
| 2 |
General Motors
GM
|
+$156M |
| 3 |
Union Pacific
UNP
|
+$154M |
| 4 |
Pfizer
PFE
|
+$124M |
| 5 |
McDonald's
MCD
|
+$124M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$132M |
| 2 |
EMC
EMC CORPORATION
EMC
|
+$124M |
| 3 |
Liberty Global Class A
LBTYA
|
+$120M |
| 4 |
Freeport-McMoran
FCX
|
+$110M |
| 5 |
Vodafone
VOD
|
+$80.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 15.69% |
| 2 | Healthcare | 12.24% |
| 3 | Technology | 11.21% |
| 4 | Energy | 10.78% |
| 5 | Financials | 10.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Kearny Financial
KRNY
$612M
| – | – |
-22,235
| Closed | -$169K |
|
1977
KT
KT
$9B
| – | – |
-14,392
| Closed | -$223K |
|
1978
Lifetime Brands
LCUT
$211M
| – | – |
-12,562
| Closed | -$171K |
|
1979
Leidos
LDOS
$17.7B
| – | – |
-132,851
| Closed | -$4.57M |
|
1980
Lennar Class A
LEN
$21B
| – | – |
-582,591
| Closed | -$20M |
|
1981
Lifecore Biomedical
LFCR
$172M
| – | – |
-45,758
| Closed | -$604K |
|
1982
Littelfuse
LFUS
$10.5B
| – | – |
-13,845
| Closed | -$1.03M |
|
1983
Lakeland Financial Corp
LKFN
$1.5B
| – | – |
-39,384
| Closed | -$729K |
|
1984
Lindsay Corp
LNN
$1.18B
| – | – |
-22,246
| Closed | -$1.67M |
|
1985
Grand Canyon Education
LOPE
$3.84B
| – | – |
-123,531
| Closed | -$3.98M |
|
1986
Louisiana-Pacific
LPX
$5.12B
| – | – |
-18,650
| Closed | -$275K |
|
|
LTC
1987
LTC Properties
LTC
$2.17B
| – | – |
-44,038
| Closed | -$1.72M |
|
1988
La-Z-Boy
LZB
$1.35B
| – | – |
-12,042
| Closed | -$244K |
|
1989
Macerich
MAC
$6.91B
| – | – |
-134,173
| Closed | -$8.18M |
|
1990
Manhattan Associates
MANH
$12.5B
| – | – |
-244,776
| Closed | -$4.72M |
|
1991
Mattel
MAT
$4.15B
| – | – |
-371,763
| Closed | -$16.8M |
|
1992
Microchip Technology
MCHP
$41.3B
| – | – |
-877,162
| Closed | -$16.3M |
|
1993
Mercury Insurance
MCY
$5.85B
| – | – |
-47,736
| Closed | -$2.1M |
|
1994
Pediatrix Medical
MD
$2.16B
| – | – |
-153,192
| Closed | -$7.01M |
|
1995
Mizuho Financial
MFG
$125B
| – | – |
-83,010
| Closed | -$343K |
|
1996
McGrath RentCorp
MGRC
$2.85B
| – | – |
-28,171
| Closed | -$962K |
|
1997
Mohawk Industries
MHK
$9.23B
| – | – |
-135,107
| Closed | -$15.2M |
|
1998
MarketAxess Holdings
MKTX
$5.71B
| – | – |
-19,950
| Closed | -$932K |
|
1999
Morningstar
MORN
$8.1B
| – | – |
-3,841
| Closed | -$298K |
|
2000
The Mosaic Company
MOS
$7.76B
| – | – |
-717,636
| Closed | -$38.6M |
|
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John Overdeck's Q3 2013 Portfolio in Review
As of Q3 2013, John Overdeck held 2,423 positions worth $15.7B, up 9.6% from $14.3B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
John Overdeck deployed $511M of net new capital in Q3 2013, opening 482 new positions and adding to 549 existing holdings. Its largest new stake was Johnson & Johnson: 1,855,436 shares worth $161M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 16% of assets, up from 12% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was EMC CORPORATION, an estimated $124M trimmed.
- John Overdeck's largest Q3 2013 buy was Johnson & Johnson: 1,855,436 shares worth $161M.
- John Overdeck added most to Alphabet (Google) Class C in Q3 2013, an estimated $100M increase.
- John Overdeck's biggest Q3 2013 reduction was EMC CORPORATION, cutting an estimated $124M.
- John Overdeck fully exited IBM in Q3 2013, selling an estimated $132M.
- John Overdeck's ten largest holdings make up 9.4% of its $15.7B portfolio in Q3 2013.
- John Overdeck opened 482 new positions and closed 621 in Q3 2013.
- John Overdeck's portfolio value rose 9.6% quarter-over-quarter to $15.7B.
Based on Two Sigma Investments's 13F filing for Q3 2013, filed 14 Nov 2013.