Two Sigma Advisers’s IBM IBM Stock Holding History

Two Sigma Advisers’s Portfolio IBM Stock Details IBM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-1,400	Closed	-$395K	–	2466
2025 Q3	$395K	Buy	+1,400	New	+$366K	﹤0.01%	1863
2024 Q1	–	Sell	-4,000	Closed	-$654K	–	2530
2023 Q4	$654K	Sell	4,000 -553,400	-99%	-$83.6M	﹤0.01%	1814
2023 Q3	$78.2M	Buy	557,400 +248,600	+81%	+$35.4M	0.2%	115
2023 Q2	$41.3M	Buy	308,800 +227,600	+280%	+$29.4M	0.11%	200
2023 Q1	$10.6M	Buy	81,200 +7,900	+11%	+$1.06M	0.03%	535
2022 Q4	$10.3M	Buy	73,300 +7,600	+12%	+$1.05M	0.03%	503
2022 Q3	$7.81M	Sell	65,700 -570,000	-90%	-$74.8M	0.02%	567
2022 Q2	$89.8M	Buy	635,700 +205,400	+48%	+$27.7M	0.25%	98
2022 Q1	$55.9M	Buy	430,300 +193,900	+82%	+$25.3M	0.15%	142
2021 Q4	$31.6M	Sell	236,400 -133,989	-36%	-$16.8M	0.08%	216
2021 Q3	$49.2M	Sell	370,389 -806,047	-69%	-$108M	0.13%	158
2021 Q2	$165M	Buy	1,176,436 +509,088	+76%	+$69.6M	0.43%	58
2021 Q1	$85M	Buy	667,348 +619,232	+1,287%	+$74.1M	0.23%	92
2020 Q4	$5.79M	Buy	+48,116	New	+$5.56M	0.02%	763
2020 Q2	–	Sell	-103,763	Closed	-$11M	–	2538
2020 Q1	$11M	Sell	103,763 -413,379	-80%	-$52.3M	0.04%	453
2019 Q4	$66.3M	Sell	517,142 -261,291	-34%	-$34M	0.15%	156
2019 Q3	$108M	Buy	778,433 +7,845	+1%	+$1.06M	0.26%	94
2019 Q2	$102M	Sell	770,588 -105,323	-12%	-$13.8M	0.25%	101
2019 Q1	$118M	Sell	875,911 -169,138	-16%	-$21.6M	0.3%	78
2018 Q4	$114M	Buy	1,045,049 +758,036	+264%	+$91M	0.31%	85
2018 Q3	$41.5M	Sell	287,013 -1,174,449	-80%	-$164M	0.1%	237
2018 Q2	$195M	Buy	1,461,462 +189,640	+15%	+$26.4M	0.53%	32
2018 Q1	$187M	Buy	1,271,822 +251,545	+25%	+$38.1M	0.51%	34
2017 Q4	$150M	Buy	1,020,277 +118,032	+13%	+$17.2M	0.4%	53
2017 Q3	$125M	Buy	902,245 +500,328	+124%	+$69.7M	0.35%	66
2017 Q2	$59.1M	Buy	401,917 +136,235	+51%	+$20.5M	0.2%	132
2017 Q1	$44.2M	Sell	265,682 -147,792	-36%	-$24.8M	0.15%	181
2016 Q4	$65.6M	Buy	413,474 +147,799	+56%	+$22.5M	0.25%	100
2016 Q3	$40.3M	Buy	265,675 +49,482	+23%	+$7.51M	0.17%	139
2016 Q2	$31.4M	Buy	216,193 +180,952	+513%	+$25.9M	0.16%	155
2016 Q1	$5.1M	Sell	35,241 -753,230	-96%	-$96.2M	0.03%	502
2015 Q4	$104M	Buy	788,471 +616,960	+360%	+$82.9M	0.62%	36
2015 Q3	$23.8M	Buy	171,511 +136,924	+396%	+$20.2M	0.15%	180
2015 Q2	$5.38M	Buy	+34,587	New	+$5.56M	0.04%	454
2015 Q1	–	Sell	-196,240	Closed	-$30.1M	–	2121
2014 Q4	$30.1M	Buy	+196,240	New	+$31.2M	0.23%	97
2014 Q3	–	Sell	-126,021	Closed	-$23M	–	2480
2014 Q2	$21.8M	Buy	126,021 +111,768	+784%	+$20.1M	0.17%	149
2014 Q1	$2.62M	Buy	14,253 +9,032	+173%	+$1.59M	0.02%	649
2013 Q4	$936K	Sell	5,221 -20,070	-79%	-$3.46M	0.01%	1163
2013 Q3	$4.48M	Sell	25,291 -198,217	-89%	-$36M	0.05%	362
2013 Q2	$40.8M	Buy	+223,508	New	+$43.5M	0.58%	26

Other funds holding IBM

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Two Sigma Advisers's IBM Position: Q4 2025 in Review

Two Sigma Advisers sold out of IBM (IBM) in Q4 2025, closing a stake of 1,400 shares — an estimated $395K sold.

Two Sigma Advisers first reported a position in IBM in Q2 2013 and held it in 40 quarters. The position peaked at $195M in Q2 2018. 3,683 funds tracked by Wall St. Rank hold IBM as of Q4 2025.

Two Sigma Advisers reported no remaining IBM position as of Q4 2025 after selling out during the quarter.
Two Sigma Advisers sold 1,400 IBM shares in Q4 2025, an estimated $395K.
Two Sigma Advisers first reported a position in IBM in Q2 2013 and held it in 40 quarters.
Two Sigma Advisers's IBM position peaked at $195M in Q2 2018.
3,683 funds tracked by Wall St. Rank held IBM as of Q4 2025.

Based on Two Sigma Advisers's 13F filing for Q4 2025, filed 17 Feb 2026.