Two Harbors Investment
TWO
215 hedge funds and large institutions have $784M invested in Two Harbors Investment in 2025 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 65 increasing their positions, 74 reducing their positions, and 46 closing their positions.
168% more call options, than puts
Call options by funds: $11.8M | Put options by funds: $4.4M
14% more capital invested
Capital invested by funds: $687M → $784M (+$97.2M)
4.97% more ownership
Funds ownership: 66.73% → 71.69% (+5%)
9% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 46
0% more funds holding
Funds holding: 214 → 215 (+1)
12% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 74
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$22.7M |
| 2 |
SSA
Schonfeld Strategic Advisors
New York
|
+$15.7M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$11.8M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$11.7M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$30.2M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$24.4M |
| 3 |
AU
Algebris (UK)
London,
United Kingdom
|
-$17.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$3.71M |
| 5 |
PI
PineBridge Investments
New York
|
-$2.57M |
TWO Hedge Fund Activity: Q4 2025 in Review
215 institutional investors reported a position in Two Harbors Investment (TWO) for Q4 2025, worth a combined $784M — up 14% from $687M a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new TWO positions and 46 closed out — a net gain of 4 holders — while 65 added to existing stakes and 74 trimmed.
The largest buyer was Marshall Wace, opening a new position worth an estimated $22.7M. The largest seller was Millennium Management, cutting an estimated $30.2M.
- 215 institutional investors held Two Harbors Investment (TWO) as of Q4 2025, up from 214 in Q3 2025.
- Funds reported $784M of Two Harbors Investment stock for Q4 2025, up 14% quarter-over-quarter.
- 50 funds opened new Two Harbors Investment positions in Q4 2025 and 46 closed out, a net change of +4 holders.
- The largest Two Harbors Investment buyer in Q4 2025 was Marshall Wace, an estimated $22.7M added.
- The largest Two Harbors Investment seller in Q4 2025 was Millennium Management, an estimated $30.2M sold.
Based on aggregated 13F filings for Q4 2025.