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 | |
|---|---|---|---|---|---|---|
2001
Monolithic Power Systems
MPWR
$64.7B
| – | – |
-137,363
| Closed | -$3.31M |
|
2002
Marten Transport
MRTN
$1.22B
| – | – |
-146,148
| Closed | -$916K |
|
2003
MSCI
MSCI
$41B
| – | – |
-37,780
| Closed | -$1.26M |
|
2004
Middlesex Water
MSEX
$1.1B
| – | – |
-21,139
| Closed | -$421K |
|
2005
Motorola Solutions
MSI
$79.5B
| – | – |
-202,600
| Closed | -$11.7M |
|
2006
M&T Bank
MTB
$34.7B
| – | – |
-214,753
| Closed | -$24M |
|
2007
Meritage Homes
MTH
$4.67B
| – | – |
-230,542
| Closed | -$5M |
|
2008
Materion
MTRN
$4.83B
| – | – |
-22,986
| Closed | -$623K |
|
2009
MACOM Technology Solutions
MTSI
$20.4B
| – | – |
-22,892
| Closed | -$334K |
|
2010
Minerals Technologies
MTX
$2.21B
| – | – |
-47,414
| Closed | -$1.96M |
|
2011
Neurocrine Biosciences
NBIX
$15.5B
| – | – |
-90,238
| Closed | -$1.21M |
|
2012
National Fuel Gas
NFG
$7.84B
| – | – |
-12,970
| Closed | -$752K |
|
|
NGD
2013
DELISTED
New Gold Inc
NGD
| – | – |
-78,720
| Closed | -$505K |
|
2014
Nice
NICE
$5.87B
| – | – |
-98,553
| Closed | -$3.63M |
|
2015
Annaly Capital Management
NLY
$17.5B
| – | – |
-480,319
| Closed | -$24.1M |
|
2016
Nomura Holdings
NMR
$28.4B
| – | – |
-189,785
| Closed | -$1.41M |
|
|
NOAH
2017
Noah Holdings
NOAH
$604M
| – | – |
-50,415
| Closed | -$447K |
|
2018
Enpro
NPO
$6.62B
| – | – |
-6,025
| Closed | -$305K |
|
2019
National Presto Industries
NPK
$1.07B
| – | – |
-4,000
| Closed | -$288K |
|
2020
NRC Health Common Stock
NRC
$491M
| – | – |
-15,594
| Closed | -$280K |
|
2021
NetApp
NTAP
$37.7B
| – | – |
-80,878
| Closed | -$3.06M |
|
2022
Nu Skin
NUS
$231M
| – | – |
-45,098
| Closed | -$2.76M |
|
2023
NVR
NVR
$16.9B
| – | – |
-1,986
| Closed | -$1.83M |
|
2024
Novartis
NVS
$302B
| – | – |
-486,033
| Closed | -$30.8M |
|
2025
NorthWestern Energy
NWE
$4.27B
| – | – |
-145,727
| Closed | -$5.82M |
|
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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.