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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 | |
|---|---|---|---|---|---|---|
2126
Avalo Therapeutics
AVTX
$1.1B
| $2.69M | ﹤0.01% |
148,237
+98,995
| +201% | +$1.67M |
|
|
JOYY
2127
JOYY Inc
JOYY
$3.77B
| $2.68M | ﹤0.01% |
41,400
+35,500
| +602% | +$2.17M |
|
2128
Live Nation Entertainment
LYV
$42.5B
| $2.68M | ﹤0.01% |
18,800
-203,876
| -92% | -$29.3M |
|
2129
Zegna
ZGN
$3.68B
| $2.68M | ﹤0.01% |
261,276
-243,697
| -48% | -$2.49M |
|
|
TDWD
2130
Tailwind 2.0 Acquisition Corp
TDWD
$238M
| $2.68M | ﹤0.01% |
+271,875
| New | +$2.68M |
|
|
IGAC
2131
Invest Green Acquisition Corp
IGAC
| $2.68M | ﹤0.01% |
+271,875
| New | +$2.68M |
|
2132
Electromed
ELMD
$263M
| $2.67M | ﹤0.01% |
91,725
-17,997
| -16% | -$472K |
|
2133
Teekay
TK
$1.07B
| $2.67M | ﹤0.01% |
295,724
-11,138
| -4% | -$102K |
|
|
LX
2134
LexinFintech Holdings
LX
$194M
| $2.67M | ﹤0.01% |
816,627
+614,127
| +303% | +$2.52M |
|
2135
Blue Ridge Bankshares
BRBS
$353M
| $2.67M | ﹤0.01% |
625,322
+53,176
| +9% | +$231K |
|
|
ADAM
2136
Adamas Trust
ADAM
$878M
| $2.67M | ﹤0.01% |
365,310
-51,847
| -12% | -$368K |
|
2137
Atea Pharmaceuticals
AVIR
$442M
| $2.66M | ﹤0.01% |
745,415
+274,122
| +58% | +$871K |
|
2138
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.49B
| $2.66M | ﹤0.01% |
93,250
-17,747
| -16% | -$495K |
|
|
AVBC
2139
Avidia Bancorp
AVBC
$407M
| $2.66M | ﹤0.01% |
158,122
-85,096
| -35% | -$1.33M |
|
2140
Gladstone Investment Corp
GAIN
$653M
| $2.66M | ﹤0.01% |
+190,243
| New | +$2.64M |
|
2141
Alerus Financial
ALRS
$828M
| $2.66M | ﹤0.01% |
117,914
+23,583
| +25% | +$514K |
|
2142
Workday
WDAY
$47.1B
| $2.65M | ﹤0.01% |
12,353
-28,321
| -70% | -$6.43M |
|
2143
Donnelley Financial Solutions
DFIN
$1.17B
| $2.65M | ﹤0.01% |
56,730
-97,116
| -63% | -$4.7M |
|
2144
National Healthcare
NHC
$3.53B
| $2.65M | ﹤0.01% |
19,304
-23,340
| -55% | -$3.01M |
|
2145
Amphastar Pharmaceuticals
AMPH
$937M
| $2.64M | ﹤0.01% |
98,678
| – | – |
|
2146
iShares US Healthcare ETF
IYH
$3.8B
| $2.64M | ﹤0.01% |
+40,587
| New | +$2.56M |
|
2147
Fidelity Small-Mid Multifactor ETF
FSMD
$2.57B
| $2.64M | ﹤0.01% |
+59,800
| New | +$2.62M |
|
2148
Malibu Boats
MBUU
$523M
| $2.63M | ﹤0.01% |
93,241
+36,589
| +65% | +$1.06M |
|
2149
Blackstone Mortgage Trust
BXMT
$2.35B
| $2.63M | ﹤0.01% |
137,434
+39,554
| +40% | +$750K |
|
2150
STAAR Surgical
STAA
$1.15B
| $2.63M | ﹤0.01% |
113,857
| – | – |
|
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.