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.

• AdobeADBE+$96.0M$121M
• Automatic Data Processing, Inc.ADP+$76.3M$81.7M
• WorkdayWDAY−$69.8M$43.2M
• ServiceNowNOW−$55.6M$57.4M
• Amdocs LimitedDOX+$54.7M$55.7M

Software held

• Palo Alto NetworksPANW962,668 shares · 15.0% of their software · price +$809K$140M−$9.7M
• AdobeADBE691,969 shares · 13.0% of their software · price +$18.0M$121M+$96.0M
• Automatic Data Processing, Inc.ADP697,509 shares · 8.8% of their software · price +$5.5M$81.7MNew · +$76.3M
• GoDaddyGDDY1,270,418 shares · 6.9% of their software · price +$8.6M$63.9M−$11.5M
• ServiceNowNOW440,583 shares · 6.2% of their software · price +$5.7M$57.4M−$55.6M
• Amdocs LimitedDOX849,899 shares · 6.0% of their software · price +$986K$55.7MNew · +$54.7M
• Block, Inc.XYZ1,348,414 shares · 5.0% of their software · price +$7.9M$46.8M−$44.1M
• F5, Inc.FFIV330,625 shares · 4.7% of their software · price +$3.5M$43.4M−$4.1M
• WorkdayWDAY424,156 shares · 4.6% of their software · price −$1.5M$43.2M−$69.8M
• FortinetFTNT642,451 shares · 3.0% of their software · price +$5.0M$28.1M+$8.5M
• VaronisVRNS316,917 shares · 1.7% of their software · price +$2.1M$15.4MFlat
• InterDigital, Inc.IDCC193,972 shares · 1.6% of their software$14.8M+$9.5M
• VeriskVRSK150,273 shares · 1.5% of their software · price +$1.9M$14.4MNew · +$12.5M
• RingCentralRNG285,119 shares · 1.5% of their software · price +$1.9M$13.8M−$8.4M
• BlackBerry LimitedBB1,044,017 shares · 1.3% of their software$11.7M+$10.4M
• Check PointCHKP110,116 shares · 1.2% of their software · price −$1.1M$11.4MNew · +$12.6M
• Euronet Worldwide, Inc.EEFT130,219 shares · 1.2% of their software · price −$1.4M$11.0M−$3.4M
• AkamaiAKAM164,802 shares · 1.1% of their software · price +$2.7M$10.7M+$3.4M
• BoxBOX494,335 shares · 1.1% of their software · price +$890K$10.4M+$5.6M
• Strategy IncMSTR78,985 shares · 1.1% of their software$10.4M+$1.9M
• Sabre CorporationSABR414,361 shares · 0.9% of their software · price +$994K$8.5M−$15.4M
• OpenTextOTEX236,375 shares · 0.9% of their software · price +$799K$8.4M+$6.2M
• Five9FIVN317,851 shares · 0.8% of their software$7.9M−$1.5M
• QualysQLYS130,910 shares · 0.8% of their software · price +$988K$7.8MNew · +$6.8M
• BlackLineBL205,125 shares · 0.7% of their software$6.7MNew · +$7.0M
• SPS CommerceSPSC138,183 shares · 0.7% of their software · price −$1.1M$6.7M+$3.8M
• OktaOKTA230,321 shares · 0.6% of their software · price −$599K$5.9MNew · +$6.5M
• PTCPTC94,452 shares · 0.6% of their software$5.7MNew · +$5.3M
• ShopifySHOP52,688 shares · 0.6% of their software · price −$816K$5.3M−$8.9M
• CommvaultCVLT92,158 shares · 0.5% of their software · price −$765K$4.8M−$5.2M
• 8x8EGHT302,732 shares · 0.5% of their software$4.3M—
• DescartesDSGX142,106 shares · 0.4% of their software$4.1MFlat
• Lesaka Technologies, Inc.LSAK321,899 shares · 0.4% of their software · price +$692K$3.8M+$2.1M
• SalesforceCRM37,084 shares · 0.4% of their software$3.8M−$1.2M
• Rapid7RPD190,545 shares · 0.4% of their software$3.6M+$1.6M
• Radware Ltd.RDWR175,102 shares · 0.4% of their software$3.4MFlat
• A10 Networks, Inc.ATEN424,525 shares · 0.4% of their software$3.3MFlat
• AppFolioAPPF76,084 shares · 0.3% of their software$3.2MFlat
• WorkivaWK145,610 shares · 0.3% of their software$3.1M+$975K
• Alarm.com Holdings, Inc.ALRM71,954 shares · 0.3% of their software · price −$535K$2.7M−$10.0M
• SS&CSSNC61,562 shares · 0.3% of their software$2.5MNew · +$2.5M
• PaylocityPCTY47,760 shares · 0.2% of their software$2.3MFlat
• VeriSign, Inc.VRSN16,402 shares · 0.2% of their software$1.9MFlat
• PDF Solutions, Inc.PDFS105,623 shares · 0.2% of their software$1.7MFlat
• HubSpotHUBS18,004 shares · 0.2% of their software$1.6M−$11.7M
• Calix, Inc.CALX227,025 shares · 0.1% of their software$1.4M+$604K
• Bandwidth Inc.BAND55,232 shares · 0.1% of their software$1.3MNew · +$1.3M
• CadenceCDNS28,320 shares · 0.1% of their software$1.2M−$12.2M
• Fair IsaacFICO6,785 shares · 0.1% of their software$1.0MNew · +$953K
• Upbound Group, Inc.UPBD84,316 shares · 0.1% of their software$936K+$761K
• YextYEXT75,214 shares · 0.1% of their software$905KNew · +$999K
• Ribbon Communications Inc.RBBN116,668 shares · 0.1% of their software$902KNew · +$893K
• Agilysys, Inc.AGYS68,820 shares · 0.1% of their software$845KNew · +$822K
• Q2QTWO21,067 shares · 0.1% of their software$776K−$1.1M
• Xunlei LimitedXNET50,308 shares · 0.1% of their software · price +$560K$774KFlat
• Donnelley Financial Solutions, Inc.DFIN32,600 shares · 0.1% of their software$635KNew · +$703K
• Veritone, Inc.VERI24,776 shares · 0.1% of their software · price −$551K$575KNew · +$1.1M
• SynopsysSNPS6,362 shares · 0.1% of their software$542K−$14.6M
• Mitek Systems, Inc.MITK58,269 shares · 0.1% of their software$522KFlat
• WEX Inc.WEX3,654 shares · 0.1% of their software$516KFlat
• DHI Group, Inc.DHX252,616 shares · 0.1% of their software$480KFlat
• NetApp, Inc.NTAP7,378 shares · 0.0% of their software$408K−$11.7M
• Ooma, Inc.OOMA26,484 shares · 0.0% of their software$316KFlat
• PegasystemsPEGA6,600 shares · 0.0% of their software$311K−$521K
• Allot Ltd.ALLT42,255 shares · 0.0% of their software$225KFlat
• Immersion CorporationIMMR13,831 shares · 0.0% of their software$98KNew · Flat