Two Sigma Investments

Quarters on file

Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.

• Q2 2026234 names · $187M in calls, not in the total$10.5B−$419M
• Q1 2026217 names · $134M in calls, not in the total$10.6B+$8.6B
• Q4 2025212 names · $102M in calls, not in the total$5.9B+$1.8B
• Q3 2025209 names · $26.9M in calls, not in the total$6.0B+$99.9M
• Q2 2025193 names · $38.5M in calls, not in the total$6.3B+$458M
• Q1 2025184 names · $23.9M in calls, not in the total$4.8B+$1.4B
• Q4 2024201 names · $11.4M in calls, not in the total$4.0B−$375M
• Q3 2024183 names · $22.8M in calls, not in the total$3.9B+$361M
• Q2 2024170 names · $8.9M in calls, not in the total$3.5B−$277M
• Q1 2024184 names$4.0B−$853M
• Q4 2023191 names · $2.6M in calls, not in the total$4.7B+$614M
• Q3 2023183 names · $6.1M in calls, not in the total$3.1B−$615M
• Q2 2023184 names · $6.6M in calls, not in the total$3.8B+$704M
• Q1 2023171 names · $3.4M in calls, not in the total$2.7B−$601M
• Q4 2022152 names$2.9B+$49.3M
• Q3 2022127 names$3.0B+$411M
• Q2 2022130 names$3.1B+$2.2B
• Q1 2022134 names$3.2B−$349M
• Q4 2021148 names · $294M in calls, not in the total$4.4B+$1.1B
• Q3 2021139 names · $469M in calls, not in the total$3.6B+$939M
• Q2 2021118 names · $506M in calls, not in the total$2.5B−$261M
• Q1 2021119 names · $359M in calls, not in the total$2.5B−$6.0M
• Q4 2020114 names · $290M in calls, not in the total$2.7B−$286M
• Q3 202096 names · $284M in calls, not in the total$2.5B+$983M
• Q2 202088 names · $134M in calls, not in the total$1.3B+$266M
• Q1 202083 names · $178M in calls, not in the total$651M−$1.0B
• Q4 201983 names · $206M in calls, not in the total$1.8B−$195M
• Q3 201982 names · $263M in calls, not in the total$1.8B+$101M
• Q2 201972 names · $80.0M in calls, not in the total$1.8B+$120M
• Q1 201981 names · $88.1M in calls, not in the total$1.5B+$371M
• Q4 201873 names · $62.9M in calls, not in the total$834M−$968M
• Q3 201876 names · $169M in calls, not in the total$2.0B+$7.7M
• Q2 201876 names · $115M in calls, not in the total$1.7B+$259M
• Q1 201866 names · $54.9M in calls, not in the total$1.2B+$93.1M
• Q4 201766 names · $42.8M in calls, not in the total$932M−$84.4M
• Q3 201762 names · $63.6M in calls, not in the total$950M−$19.7M
• Q2 201763 names · $31.4M in calls, not in the total$906M+$90.1M
• Q1 201753 names · $41.3M in calls, not in the total$712M−$7.3M
• Q4 201658 names · $47.1M in calls, not in the total$647M−$348M
• Q3 201662 names · $37.8M in calls, not in the total$1,000M+$296M
• Q2 201659 names · $23.8M in calls, not in the total$642M—

What moved the book

The five software lines with the largest share change this quarter.

• AkamaiAKAM−$77.8M$14.8M
• ServiceNowNOW+$62.9M$74.0M
• Sabre CorporationSABR+$60.4M$68.8M
• CadenceCDNS+$25.1M$31.3M
• IntuitINTU+$22.8M$42.1M

Software held

• FortinetFTNT2,320,226 shares · 12.5% of their software · price +$19.1M$89.0M+$6.9M
• ServiceNowNOW846,043 shares · 10.4% of their software · price +$11.1M$74.0MNew · +$62.9M
• Sabre CorporationSABR3,247,615 shares · 9.7% of their software · price −$12.2M$68.8M+$60.4M
• VeriSign, Inc.VRSN650,250 shares · 8.0% of their software · price +$7.2M$56.6M+$3.6M
• Block, Inc.XYZ2,960,267 shares · 7.2% of their software · price +$10.8M$51.2M+$10.4M
• IntuitINTU362,552 shares · 5.9% of their software · price +$500K$42.1M+$22.8M
• GoDaddyGDDY852,608 shares · 4.5% of their software · price +$2.5M$32.3M+$17.8M
• CadenceCDNS995,257 shares · 4.4% of their software · price +$6.2M$31.3MNew · +$25.1M
• WixWIX420,644 shares · 4.0% of their software · price +$9.8M$28.6M+$2.9M
• Euronet Worldwide, Inc.EEFT262,741 shares · 3.2% of their software · price +$3.4M$22.5M+$17.9M
• SynopsysSNPS261,560 shares · 2.6% of their software · price +$3.5M$18.9M+$12.8M
• SalesforceCRM219,908 shares · 2.5% of their software · price +$3.1M$18.1M+$9.4M
• AkamaiAKAM247,442 shares · 2.1% of their software · price −$1.7M$14.8M−$77.8M
• HubSpotHUBS230,909 shares · 2.0% of their software · price +$3.1M$14.0M+$1.0M
• OpenTextOTEX395,060 shares · 1.9% of their software · price −$11.0M$13.4M+$15.2M
• BoxBOX792,195 shares · 1.8% of their software · price +$1.9M$12.9M+$3.8M
• The Trade DeskTTD287,069 shares · 1.5% of their software · price +$2.8M$10.7M+$6.9M
• VaronisVRNS285,308 shares · 1.3% of their software · price +$1.4M$9.1M+$501K
• Five9FIVN547,342 shares · 1.3% of their software · price +$1.2M$9.0M+$1.2M
• RingCentralRNG316,766 shares · 1.3% of their software · price +$2.4M$9.0M−$2.5M
• WorkdayWDAY107,572 shares · 1.3% of their software · price +$1.8M$9.0MFlat
• ProgressPRGS273,707 shares · 1.1% of their software · price −$788K$8.0M+$8.4M
• Q2QTWO169,419 shares · 0.8% of their software · price +$1.0M$5.9M+$3.1M
• DescartesDSGX250,230 shares · 0.8% of their software$5.7M+$4.8M
• Amdocs LimitedDOX84,347 shares · 0.7% of their software$5.1M−$12.1M
• Alarm.com Holdings, Inc.ALRM145,556 shares · 0.6% of their software$4.5MNew · +$4.1M
• SS&CSSNC123,072 shares · 0.6% of their software · price +$837K$4.4MNew · +$3.5M
• Radware Ltd.RDWR257,757 shares · 0.6% of their software$4.2MFlat
• A10 Networks, Inc.ATEN364,573 shares · 0.5% of their software$3.3M+$1.1M
• EVERTEC, Inc.EVTC202,977 shares · 0.5% of their software$3.2MFlat
• ACI WorldwideACIW150,145 shares · 0.5% of their software$3.2M+$2.5M
• PaylocityPCTY79,880 shares · 0.4% of their software · price +$689K$3.1M−$4.9M
• CommvaultCVLT58,379 shares · 0.4% of their software$3.0M−$7.9M
• VeevaVEEV55,495 shares · 0.4% of their software · price +$587K$2.8M−$20.5M
• Lesaka Technologies, Inc.LSAK227,362 shares · 0.4% of their software$2.8MFlat
• QualysQLYS72,620 shares · 0.4% of their software$2.8MFlat
• WorkivaWK156,822 shares · 0.3% of their software$2.5M+$551K
• Ooma, Inc.OOMA195,470 shares · 0.3% of their software$1.9MNew · +$1.8M
• CoStarCSGP6,390 shares · 0.2% of their software$1.3MFlat
• Rapid7RPD82,965 shares · 0.2% of their software$1.2MNew · +$1.0M
• AdobeADBE8,430 shares · 0.2% of their software$1.1MFlat
• Calix, Inc.CALX143,412 shares · 0.1% of their software$1.0MFlat
• ShopifySHOP14,609 shares · 0.1% of their software$997K−$8.7M
• DHI Group, Inc.DHX246,476 shares · 0.1% of their software · price −$567K$974K+$598K
• NICENICE12,183 shares · 0.1% of their software$828KNew · +$838K
• AppFolioAPPF29,666 shares · 0.1% of their software$807KNew · +$708K
• Immersion CorporationIMMR72,804 shares · 0.1% of their software$630K−$2.1M
• InterDigital, Inc.IDCC6,379 shares · 0.1% of their software$551KNew · +$583K
• Allot Ltd.ALLT110,999 shares · 0.1% of their software$528KFlat
• Strategy IncMSTR1,495 shares · 0.0% of their software$281K−$2.5M
• 8x8EGHT13,967 shares · 0.0% of their software$213KFlat
• Xunlei LimitedXNET41,369 shares · 0.0% of their software$168KFlat
• Agilysys, Inc.AGYS15,770 shares · 0.0% of their software$149KFlat