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TWO

Two Harbors Investment

204 hedge funds and large institutions have $777M invested in Two Harbors Investment in 2025 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 74 increasing their positions, 67 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more call options, than puts

Call options by funds: $6.05M | Put options by funds: $3.44M

10% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 67

3.4% more ownership

Funds ownership: 65.93%69.32% (+3.4%)

7% less funds holding

Funds holding: 220204 (-16)

15% less capital invested

Capital invested by funds: $915M → $777M (-$138M)

39% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 38

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
204
Holders Change
-16
Holders Change %
-7.27%
% of All Funds
2.69%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
23
Increased
74
Reduced
67
Closed
38
Calls
$6.05M
Puts
$3.44M
Net Calls
+$2.61M
Net Calls Change
-$7.63M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$179M -$8.39M -744,542 -4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$122M -$775K -68,741 -0.6%
Allspring Global Investments
3
Allspring Global Investments
North Carolina
$57.1M +$997K +88,518 +2%
State Street
4
State Street
Massachusetts
$43.5M +$741K +65,800 +2%
Balyasny Asset Management
5
Balyasny Asset Management
Illinois
$38.6M +$33.5M +2,977,196 +491%
Millennium Management
6
Millennium Management
New York
$33.6M +$21.6M +1,913,923 +159%
Invesco
7
Invesco
Georgia
$28.5M +$9.19M +815,931 +44%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$26.7M -$144K -12,773 -0.5%
Massachusetts Financial Services
9
Massachusetts Financial Services
Massachusetts
$21.2M -$1.11M -98,526 -5%
Charles Schwab
10
Charles Schwab
California
$15.7M -$708K -62,825 -4%
UBS Group
11
UBS Group
Switzerland
$14M +$533K +47,322 +4%
Northern Trust
12
Northern Trust
Illinois
$13.1M +$362K +32,117 +3%
Victory Capital Management
13
Victory Capital Management
Texas
$12.5M +$12.7M +1,130,115 +4,997%
Ameriprise
14
Ameriprise
Minnesota
$12.3M -$7.7M -683,682 -38%
Mirae Asset Global ETFs Holdings
15
Mirae Asset Global ETFs Holdings
Hong Kong
$10.3M +$782K +69,365 +8%
Morgan Stanley
16
Morgan Stanley
New York
$9.21M -$1.18M -104,943 -11%
VanEck Associates
17
VanEck Associates
New York
$8.94M +$9.75K +865 +0.1%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$8.12M +$105K +9,297 +1%
WAM
19
Wolverine Asset Management
Illinois
$8.01M +$5.26M +466,957 +169%
AAM
20
Advisors Asset Management
Colorado
$7.87M -$263K -23,340 -3%
Bank of America
21
Bank of America
North Carolina
$6.61M -$2.51M -222,741 -27%
Principal Financial Group
22
Principal Financial Group
Iowa
$5.56M -$4.28K -380 -0.1%
UBS AM
23
UBS AM
Illinois
$4.46M +$3.03M +269,285 +186%
First Trust Advisors
24
First Trust Advisors
Illinois
$4.37M +$4.57M +405,863 New
Public Sector Pension Investment Board (PSP Investments)
25
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$3.82M +$291K +25,868 +8%

TWO Hedge Fund Activity: Q2 2025 in Review

204 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Two Harbors Investment (TWO) for Q2 2025, worth a combined $777M — down 15% from $915M a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of TWO and 23 opened new positions — a net loss of 15 holders — while 67 trimmed existing stakes and 74 added.

The largest buyer was Balyasny Asset Management, adding an estimated $33.5M. The largest seller was Amundi, cutting an estimated $8.45M.

  • 204 institutional investors held Two Harbors Investment (TWO) as of Q2 2025, down from 220 in Q1 2025.
  • Funds reported $777M of Two Harbors Investment stock for Q2 2025, down 15% quarter-over-quarter.
  • 23 funds opened new Two Harbors Investment positions in Q2 2025 and 38 closed out, a net change of -15 holders.
  • The largest Two Harbors Investment buyer in Q2 2025 was Balyasny Asset Management, an estimated $33.5M added.
  • The largest Two Harbors Investment seller in Q2 2025 was Amundi, an estimated $8.45M sold.

Based on aggregated 13F filings for Q2 2025.