TWO SIGMA INVESTMENTS, LP Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$67.2B

Holdings

3,385

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (3,385 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	SPYSPDR S&P 500 ETF TR	1,220,973	$813.4M	1.21%	Put
2	NDQINVESCO QQQ TR	1,236,958	$742.6M	1.11%	Put
3	XLFSELECT SECTOR SPDR TR	10,814,100	$582.6M	0.87%
4	XLFISELECT SECTOR SPDR TR	6,247,272	$489.6M	0.73%
5	VUGVANGUARD INDEX FDS	866,100	$415.4M	0.62%
6	QUALISHARES TR	1,931,800	$375.7M	0.56%
7	IVVISHARES TR	500,700	$335.1M	0.50%
8	RIVNRIVIAN AUTOMOTIVE INC	22,492,985	$330.2M	0.49%	Put
9	PLTRPALANTIR TECHNOLOGIES INC	1,689,088	$308.1M	0.46%	Put
10	NVDANVIDIA CORPORATION	1,559,507	$291.0M	0.43%	Put
11	MUMICRON TECHNOLOGY INC	1,722,132	$288.1M	0.43%	Put
12	LMTLOCKHEED MARTIN CORP	554,282	$276.7M	0.41%	Put
13	IWFISHARES TR	586,857	$274.9M	0.41%
14	MSFTMICROSOFT CORP	528,709	$273.8M	0.41%	Put
15	ALNYALNYLAM PHARMACEUTICALS INC	595,926	$271.7M	0.40%
16	NBISNEBIUS GROUP N.V.	2,416,665	$271.3M	0.40%	Put
17	AMZNAMAZON COM INC	1,223,105	$268.6M	0.40%	Put
18	NETCLOUDFLARE INC	1,236,964	$265.4M	0.40%
19	REGNREGENERON PHARMACEUTICALS	469,903	$264.2M	0.39%
20	TSLATESLA INC	593,885	$264.1M	0.39%	Put
21	USMVISHARES TR	2,733,400	$260.1M	0.39%
22	BACBANK AMERICA CORP	4,959,245	$255.8M	0.38%
23	METAMETA PLATFORMS INC	348,324	$255.8M	0.38%	Put
24	GEVGE VERNOVA INC	415,503	$255.5M	0.38%	Put
25	JPMJPMORGAN CHASE & CO.	800,703	$252.6M	0.38%
26	WMTWALMART INC	2,445,758	$252.1M	0.38%	Put
27	ADBEADOBE INC	713,326	$251.6M	0.37%	Put
28	NFLXNETFLIX INC	208,190	$249.6M	0.37%	Put
29	BSXBOSTON SCIENTIFIC CORP	2,546,581	$248.6M	0.37%	Put
30	LVLNSPDR SERIES TRUST	3,919,400	$248.1M	0.37%
31	ALABASTERA LABS INC	1,266,810	$248.0M	0.37%	Put
32	NUNU HLDGS LTD	15,424,872	$247.0M	0.37%
33	ISRGINTUITIVE SURGICAL INC	551,017	$246.4M	0.37%
34	IBKRINTERACTIVE BROKERS GROUP IN	3,575,453	$246.0M	0.37%
35	BMYBRISTOL-MYERS SQUIBB CO	5,453,357	$245.9M	0.37%
36	AMDADVANCED MICRO DEVICES INC	1,508,331	$244.0M	0.36%	Put
37	SCHWSCHWAB CHARLES CORP	2,555,620	$244.0M	0.36%
38	TJXTJX COS INC NEW	1,685,904	$243.7M	0.36%	Put
39	UNPUNION PAC CORP	1,029,076	$243.2M	0.36%
40	HONHONEYWELL INTL INC	1,153,754	$242.9M	0.36%
41	IRENIREN LIMITED	5,173,276	$242.8M	0.36%	Put
42	TSMTAIWAN SEMICONDUCTOR MFG LTD	866,427	$242.0M	0.36%	Put
43	SPYMSPDR SERIES TRUST	3,083,300	$241.5M	0.36%
44	TMUST-MOBILE US INC	1,007,577	$241.2M	0.36%
45	DONSPDR DOW JONES INDL AVERAGE	517,080	$239.8M	0.36%
46	AAPLAPPLE INC	939,421	$239.2M	0.36%	Put
47	COSTCOSTCO WHSL CORP NEW	257,898	$238.7M	0.36%	Put
48	GOOGLALPHABET INC	977,128	$237.5M	0.35%	Put
49	CRMSALESFORCE INC	1,000,388	$237.1M	0.35%	Put
50	SOFISOFI TECHNOLOGIES INC	8,943,906	$236.3M	0.35%	Put
51	RBLXROBLOX CORP	1,704,356	$236.1M	0.35%	Put
52	ACNACCENTURE PLC IRELAND	949,139	$234.1M	0.35%	Call
53	CBCHUBB LIMITED	823,631	$232.5M	0.35%
54	ABNBAIRBNB INC	1,900,674	$230.8M	0.34%
55	WMWASTE MGMT INC DEL	1,039,329	$229.5M	0.34%
56	PGRPROGRESSIVE CORP	928,549	$229.3M	0.34%
57	TEAMATLASSIAN CORPORATION	1,422,523	$227.2M	0.34%
58	MAMASTERCARD INCORPORATED	396,092	$225.3M	0.34%
59	GDDYGODADDY INC	1,631,100	$223.2M	0.33%
60	WCNWASTE CONNECTIONS INC	1,263,918	$222.2M	0.33%
61	ODFLOLD DOMINION FREIGHT LINE IN	1,576,470	$221.9M	0.33%
62	MRSHMARSH & MCLENNAN COS INC	1,100,141	$221.7M	0.33%
63	QCOMQUALCOMM INC	1,332,524	$221.7M	0.33%	Put
64	VLOVALERO ENERGY CORP	1,295,669	$220.6M	0.33%	Put
65	SESEA LTD	1,231,986	$220.2M	0.33%
66	ROKUROKU INC	2,184,204	$218.7M	0.33%	Put
67	FISVFISERV INC	1,694,251	$218.4M	0.33%
68	WDC 3 11/15/28WESTERN DIGITAL CORP	68,100,000	$218.4M	0.33%
69	PGPROCTER AND GAMBLE CO	1,421,129	$218.4M	0.33%	Put
70	SEALTD 2.375 12/01/25SEA LTD	110,411,000	$218.0M	0.32%
71	GSGOLDMAN SACHS GROUP INC	273,070	$217.5M	0.32%	Put
72	ARGXARGENX SE	294,160	$217.0M	0.32%
73	GMGENERAL MTRS CO	3,549,170	$216.4M	0.32%
74	CLXCLOROX CO DEL	1,740,175	$214.6M	0.32%
75	RSGREPUBLIC SVCS INC	934,096	$214.4M	0.32%
76	SATS 3.875 11/30/30ECHOSTAR CORP	86,600,000	$213.0M	0.32%
77	HLTHILTON WORLDWIDE HLDGS INC	820,991	$213.0M	0.32%
78	DHRDANAHER CORPORATION	1,055,277	$209.2M	0.31%
79	CITCINTAS CORP	1,016,671	$208.7M	0.31%
80	CMCSACOMCAST CORP NEW	6,556,098	$206.0M	0.31%
81	SYKSTRYKER CORPORATION	554,353	$204.9M	0.31%
82	LRCXLAM RESEARCH CORP	1,527,072	$204.5M	0.30%
83	VTIVANGUARD INDEX FDS	620,264	$203.6M	0.30%
84	AEPAMERICAN ELEC PWR CO INC	1,776,231	$199.8M	0.30%	Put
85	DWDMORGAN STANLEY	1,234,969	$196.3M	0.29%
86	VVISA INC	575,034	$196.3M	0.29%
87	BRK/BBERKSHIRE HATHAWAY INC DEL	388,096	$195.1M	0.29%	Put
88	CRDOCREDO TECHNOLOGY GROUP HOLDI	1,338,824	$194.9M	0.29%	Put
89	MRNAMODERNA INC	7,540,981	$194.8M	0.29%	Put
90	MLB1MERCADOLIBRE INC	83,129	$194.3M	0.29%
91	ANETARISTA NETWORKS INC	1,331,525	$194.0M	0.29%
92	CATCATERPILLAR INC	403,727	$192.6M	0.29%
93	AERAERCAP HOLDINGS NV	1,586,800	$192.0M	0.29%
94	LNGCHENIERE ENERGY INC	816,028	$191.8M	0.29%
95	INTCINTEL CORP	5,609,982	$188.2M	0.28%	Put
96	LHXL3HARRIS TECHNOLOGIES INC	614,287	$187.6M	0.28%
97	JNJJOHNSON & JOHNSON	1,010,787	$187.4M	0.28%	Put
98	LITELUMENTUM HLDGS INC	1,140,596	$185.6M	0.28%	Put
99	ONON SEMICONDUCTOR CORP	3,749,751	$184.9M	0.28%
100	SNAPSNAP INC	23,913,420	$184.4M	0.27%

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