Generalist · New York, NY
Two Sigma Investments
Q1 2025 · compared with Q4 2024
Filed as Two Sigma Investments, LP
- Software
- $4.8B
- Weight of 13F
- 10.9%
- Names
- 184
- Net bought
- +$1.4B
Filed 15 May 2025 · SEC filing.
Call exposure on these names is $23.9M across 1 line. Calls are not in the stock total.
3,024 positions in the whole 13F.
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.
Software held
- SalesforceCRM965,724 shares · 5.4% of their software · price −$63.7M$259M+$283M
- SnowflakeSNOW1,648,353 shares · 5.0% of their software · price −$13.6M$241M+$35.6M
- PalantirPLTR2,816,723 shares · 4.9% of their software · price +$24.7M$238M+$209M
- AdobeADBE619,538 shares · 4.9% of their software · price −$37.9M$238M+$74.1M
- MicrosoftMSFT594,754 shares · 4.6% of their software · price −$27.4M$223M−$2.5M
- FortinetFTNT2,098,119 shares · 4.2% of their software · price +$3.7M$202M−$6.2M
- ServiceNowNOW238,435 shares · 3.9% of their software · price −$62.9M$190M+$248M
- VeriskVRSK570,530 shares · 3.5% of their software · price +$12.7M$170M+$44.8M
- CloudflareNET1,384,017 shares · 3.2% of their software · price +$6.9M$156M+$114M
- TwilioTWLO1,449,060 shares · 3.0% of their software · price −$14.7M$142M+$34.5M
- Palo Alto NetworksPANW807,484 shares · 2.9% of their software · price −$9.1M$138M+$72.9M
- AtlassianTEAM630,799 shares · 2.8% of their software · price −$19.7M$134M+$41.8M
- HubSpotHUBS231,027 shares · 2.7% of their software · price −$29.0M$132M+$61.2M
- OracleORCL852,065 shares · 2.5% of their software · price −$22.9M$119M+$140M
- VeevaVEEV498,807 shares · 2.4% of their software · price +$10.7M$116M+$32.4M
- AutodeskADSK402,548 shares · 2.2% of their software · price −$13.6M$105M+$115M
- BILLBILL1,903,443 shares · 1.8% of their software · price −$73.9M$87.3M+$67.8M
- Roper Technologies, Inc.ROP143,191 shares · 1.8% of their software · price +$10.0M$84.4MNew · +$74.4M
- VaronisVRNS1,925,254 shares · 1.6% of their software · price −$7.7M$77.9M+$27.3M
- IntuitINTU103,804 shares · 1.3% of their software · price −$1.5M$63.7M−$57.2M
- SS&CSSNC662,115 shares · 1.1% of their software · price +$5.1M$55.3M+$6.5M
- Grab Holdings LimitedGRAB11,762,543 shares · 1.1% of their software · price −$2.2M$53.3M−$14.5M
- WixWIX292,852 shares · 1.0% of their software · price −$15.0M$47.8M−$11.3M
- ElasticESTC529,194 shares · 1.0% of their software · price −$5.3M$47.2M+$21.7M
- BoxBOX1,525,811 shares · 1.0% of their software · price −$1.1M$47.1M+$29.6M
- ZscalerZS232,317 shares · 1.0% of their software · price +$4.2M$46.1M+$4.2M
- Lyft, Inc.LYFT3,800,812 shares · 0.9% of their software · price −$3.9M$45.1M−$54.5M
- DynatraceDT947,973 shares · 0.9% of their software · price −$6.8M$44.7M+$32.6M
- MongoDBMDB239,770 shares · 0.9% of their software · price −$13.8M$42.1M+$55.1M
- CommvaultCVLT266,429 shares · 0.9% of their software · price +$1.8M$42.0M+$35.0M
- WaystarWAY1,070,264 shares · 0.8% of their software · price +$706K$40.0M+$33.8M
- AkamaiAKAM492,877 shares · 0.8% of their software · price −$7.5M$39.7M+$20.1M
- DatadogDDOG398,504 shares · 0.8% of their software · price −$17.4M$39.5M+$24.9M
- Manhattan AssociatesMANH227,099 shares · 0.8% of their software · price −$22.1M$39.3M+$54.1M
- UnityU1,873,257 shares · 0.8% of their software · price −$5.4M$36.7M+$19.1M
- Amdocs LimitedDOX387,486 shares · 0.7% of their software · price +$2.5M$35.5M+$5.9M
- MorningstarMORN113,152 shares · 0.7% of their software · price −$4.2M$33.9M+$25.9M
- UiPathPATH3,108,530 shares · 0.7% of their software · price −$7.5M$32.0M−$27.6M
- Check PointCHKP139,437 shares · 0.7% of their software · price +$5.7M$31.8MNew · +$26.0M
- ZoomInfoZI3,082,184 shares · 0.6% of their software$30.8M—
- WEX Inc.WEX179,261 shares · 0.6% of their software · price −$3.3M$28.1M+$31.2M
- Automatic Data Processing, Inc.ADP88,992 shares · 0.6% of their software · price +$1.1M$27.2M−$15.7M
- Rubrik, Inc.RBRK445,535 shares · 0.6% of their software · price −$2.0M$27.2M−$13.3M
- Tyler TechnologiesTYL46,460 shares · 0.6% of their software$27.0M+$24.9M
- OktaOKTA251,610 shares · 0.6% of their software · price +$6.6M$26.5MNew · +$19.8M
- InterDigital, Inc.IDCC126,816 shares · 0.5% of their software · price +$1.7M$26.2M+$7.7M
- WorkdayWDAY100,478 shares · 0.5% of their software · price −$2.5M$23.5M+$15.1M
- KlaviyoKVYO761,084 shares · 0.5% of their software · price −$8.4M$23.0M−$15.0M
- WorkivaWK296,108 shares · 0.5% of their software · price −$9.9M$22.5M+$20.1M
- Zeta GlobalZETA1,637,214 shares · 0.5% of their software · price −$7.3M$22.2M−$3.8M
- Fair IsaacFICO11,350 shares · 0.4% of their software · price −$1.7M$20.9M+$20.3M
- Cellebrite DI Ltd.CLBT1,021,272 shares · 0.4% of their software · price −$2.7M$19.8M−$7.2M
- AsanaASAN1,357,111 shares · 0.4% of their software · price −$7.7M$19.8M−$972K
- ToastTOST568,820 shares · 0.4% of their software · price −$1.9M$18.9M−$83.0M
- QualysQLYS140,643 shares · 0.4% of their software · price −$2.0M$17.7M+$9.9M
- Clear Secure, Inc.YOU679,762 shares · 0.4% of their software$17.6M+$10.1M
- DropboxDBX612,203 shares · 0.3% of their software · price −$2.0M$16.4M+$16.9M
- Payoneer Global Inc.PAYO2,153,245 shares · 0.3% of their software · price −$5.9M$15.7M−$5.1M
- FactSetFDS34,030 shares · 0.3% of their software · price −$873K$15.5M+$13.0M
- DescartesDSGX148,955 shares · 0.3% of their software · price −$1.9M$15.0M−$2.6M
- RingCentralRNG577,224 shares · 0.3% of their software · price −$5.9M$14.3M−$7.7M
- PTCPTC92,182 shares · 0.3% of their software · price −$2.7M$14.3M−$12.5M
- FreshworksFRSH986,406 shares · 0.3% of their software · price −$2.0M$13.9M+$2.0M
- Pagaya Technologies Ltd.PGY1,305,915 shares · 0.3% of their software · price +$1.6M$13.7M+$4.5M
- VeriSign, Inc.VRSN49,032 shares · 0.3% of their software · price +$2.3M$12.4M−$5.6M
- Core Scientific, Inc.CORZ1,623,389 shares · 0.2% of their software · price −$11.1M$11.8M+$6.6M
- TeradataTDC514,955 shares · 0.2% of their software · price −$4.5M$11.6M+$7.2M
- Uber Technologies, Inc.UBER155,578 shares · 0.2% of their software · price +$2.0M$11.3M−$92.7M
- ZoomZM142,053 shares · 0.2% of their software · price −$1.1M$10.5M−$60.1M
- The Trade DeskTTD190,224 shares · 0.2% of their software · price −$11.9M$10.4M+$19.8M
- monday.comMNDY42,464 shares · 0.2% of their software$10.3M−$15.1M
- Sabre CorporationSABR3,646,334 shares · 0.2% of their software · price −$3.1M$10.2MFlat
- Bentley SystemsBSY257,114 shares · 0.2% of their software · price −$1.9M$10.1M+$10.0M
- TenableTENB273,554 shares · 0.2% of their software · price −$1.2M$9.6M−$3.8M
- FastlyFSLY1,501,441 shares · 0.2% of their software · price −$4.7M$9.5M+$3.8M
- Clearwater AnalyticsCWAN323,628 shares · 0.2% of their software$8.7M—
- NetScout Systems, Inc.NTCT410,352 shares · 0.2% of their software$8.6MFlat
- DLocal LimitedDLO1,008,793 shares · 0.2% of their software · price −$2.9M$8.4M−$2.3M
- AppLovinAPP31,700 shares · 0.2% of their software · price −$1.9M$8.4M−$176M
- Euronet Worldwide, Inc.EEFT77,954 shares · 0.2% of their software$8.3M−$1.1M
- SamsaraIOT209,684 shares · 0.2% of their software · price −$1.1M$8.0M−$53.5M
- A10 Networks, Inc.ATEN491,576 shares · 0.2% of their software · price −$1.0M$8.0M+$4.8M
- EVERTEC, Inc.EVTC217,060 shares · 0.2% of their software$8.0M−$2.1M
- VertexVERX225,578 shares · 0.2% of their software · price −$4.1M$7.9M+$10.3M
- PegasystemsPEGA113,110 shares · 0.2% of their software · price −$2.7M$7.9M+$9.1M
- Five9FIVN286,971 shares · 0.2% of their software · price −$3.9M$7.8M−$775K
- PagerDutyPD410,556 shares · 0.2% of their software$7.5MFlat
- Full Truck Alliance Co. Ltd.YMM534,601 shares · 0.1% of their software · price +$1.0M$6.8M+$2.5M
- CadenceCDNS25,920 shares · 0.1% of their software · price −$1.2M$6.6M+$6.4M
- Grindr Inc.GRND366,376 shares · 0.1% of their software$6.6M+$1.2M
- BlackBerry LimitedBB1,715,238 shares · 0.1% of their software$6.5M−$10.7M
- Donnelley Financial Solutions, Inc.DFIN137,075 shares · 0.1% of their software · price −$2.6M$6.0M−$923K
- Kingsoft Cloud Holdings LimitedKC386,272 shares · 0.1% of their software · price +$1.5M$5.5M−$2.3M
- AvePointAVPT370,453 shares · 0.1% of their software · price −$767K$5.3M+$4.3M
- Sportradar Group AGSRAD226,393 shares · 0.1% of their software · price +$969K$4.9M−$5.3M
- SchrödingerSDGR242,424 shares · 0.1% of their software$4.8M+$2.7M
- Digital TurbineAPPS1,691,820 shares · 0.1% of their software · price +$1.7M$4.6M−$700K
- F5, Inc.FFIV16,347 shares · 0.1% of their software$4.4MNew · +$4.1M
- GuidewireGWRE23,000 shares · 0.1% of their software$4.3M+$1.5M
- SentinelOneS206,400 shares · 0.1% of their software · price −$830K$3.8M+$2.7M
- ProgressPRGS68,740 shares · 0.1% of their software · price −$938K$3.5MNew · +$4.5M
- CourseraCOUR516,382 shares · 0.1% of their software · price −$950K$3.4M−$4.3M
- CrowdStrikeCRWD9,700 shares · 0.1% of their software$3.4M−$1.0M
- DuolingoDUOL10,156 shares · 0.1% of their software$3.2M−$26.9M
- Agilysys, Inc.AGYS42,459 shares · 0.1% of their software · price −$2.5M$3.1M+$4.6M
- Blend Labs, Inc.BLND896,902 shares · 0.1% of their software · price −$771K$3.0M−$5.5M
- Rapid7RPD112,276 shares · 0.1% of their software · price −$1.5M$3.0M−$1.2M
- Tuya Inc.TUYA932,893 shares · 0.1% of their software · price +$1.2M$2.8MFlat
- PaycomPAYC12,443 shares · 0.1% of their software$2.7M−$13.9M
- ShopifySHOP28,000 shares · 0.1% of their software$2.7M−$10.9M
- Paychex, Inc.PAYX15,975 shares · 0.1% of their software$2.5MFlat
- DoubleVerifyDV182,748 shares · 0.1% of their software · price −$1.1M$2.4M−$16.3M
- Alarm.com Holdings, Inc.ALRM40,225 shares · 0.0% of their software$2.2M−$728K
- TrimbleTRMB33,600 shares · 0.0% of their software$2.2M−$6.3M
- GitLabGTLB46,542 shares · 0.0% of their software$2.2M+$534K
- Radware Ltd.RDWR101,118 shares · 0.0% of their software$2.2MFlat
- CertaraCERT200,447 shares · 0.0% of their software$2.0M−$1.9M
- PaylocityPCTY10,100 shares · 0.0% of their software$1.9M−$6.3M
- NetApp, Inc.NTAP21,191 shares · 0.0% of their software · price −$598K$1.9MFlat
- VTEXVTEX361,436 shares · 0.0% of their software$1.8MFlat
- Sprout SocialSPT82,333 shares · 0.0% of their software · price −$718K$1.8M−$984K
- Expensify, Inc.EXFY580,321 shares · 0.0% of their software$1.8M−$667K
- Priority Technology Holdings, Inc.PRTH253,395 shares · 0.0% of their software · price −$1.3M$1.7M+$2.1M
- Gen DigitalGEN61,481 shares · 0.0% of their software$1.6MFlat
- 8x8EGHT727,012 shares · 0.0% of their software$1.5M—
- PaymentusPAY55,446 shares · 0.0% of their software$1.4M−$1.2M
- AlkamiALKT54,218 shares · 0.0% of their software · price −$565K$1.4MNew · +$2.0M
- Paysafe LimitedPSFE88,361 shares · 0.0% of their software$1.4M−$1.9M
- GoDaddyGDDY7,386 shares · 0.0% of their software$1.3M−$1.9M
- N-ableNABL185,107 shares · 0.0% of their software$1.3MFlat
- SemrushSEMR137,842 shares · 0.0% of their software$1.3M—
- DigitalOceanDOCN36,677 shares · 0.0% of their software$1.2MNew · +$1.2M
- YextYEXT192,132 shares · 0.0% of their software$1.2MFlat
- Dave Inc.DAVE13,979 shares · 0.0% of their software$1.2M−$11.0M
- SimilarwebSMWB129,063 shares · 0.0% of their software · price −$761K$1.1M−$1.8M
- Mitek Systems, Inc.MITK127,344 shares · 0.0% of their software$1.1M−$1.3M
- NCR Atleos CorporationNATL32,100 shares · 0.0% of their software$847KFlat
- Immersion CorporationIMMR106,976 shares · 0.0% of their software$811KNew · +$934K
- Rackspace Technology, Inc.RXT416,841 shares · 0.0% of their software$704KFlat
- SoundThinking, Inc.SSTI39,624 shares · 0.0% of their software$672KFlat
- BackblazeBLZE137,396 shares · 0.0% of their software$664K−$815K
- DoceboDCBO22,691 shares · 0.0% of their software$651K−$1.3M
- Diebold Nixdorf, IncorporatedDBD14,870 shares · 0.0% of their software$650KFlat
- Ooma, Inc.OOMA49,639 shares · 0.0% of their software$650K−$715K
- Cerence Inc.CRNC82,176 shares · 0.0% of their software$649K−$4.0M
- JFrogFROG20,200 shares · 0.0% of their software$646KFlat
- Viant Technology Inc.DSP51,850 shares · 0.0% of their software$643K+$788K
- Calix, Inc.CALX18,089 shares · 0.0% of their software$641KFlat
- NutanixNTNX8,946 shares · 0.0% of their software$625K−$5.0M
- Definitive HealthcareDH215,977 shares · 0.0% of their software$624KFlat
- MagniteMGNI53,552 shares · 0.0% of their software$611K−$708K
- Thryv Holdings, Inc.THRY46,179 shares · 0.0% of their software$592K−$697K
- LiveRamp Holdings, Inc.RAMP20,637 shares · 0.0% of their software$539K−$1.6M
- Daily Journal CorporationDJCO1,304 shares · 0.0% of their software$519KNew · +$741K
- SynopsysSNPS1,131 shares · 0.0% of their software$485K−$2.4M
- Xperi Inc.XPER61,716 shares · 0.0% of their software$476K−$706K
- Block, Inc.XYZ7,446 shares · 0.0% of their software$405KFlat
- Agora, Inc.API83,279 shares · 0.0% of their software$335KFlat
- Paysign, Inc.PAYS142,485 shares · 0.0% of their software$302KFlat
- Materialise NVMTLS57,569 shares · 0.0% of their software$283KFlat
- Alarum Technologies Ltd.ALAR42,101 shares · 0.0% of their software$263KFlat
- ACI WorldwideACIW4,412 shares · 0.0% of their software$241KFlat
- CoreWeave, Inc.CRWV6,500 shares · 0.0% of their software$241KNew · Flat
- Kaltura, Inc.KLTR122,054 shares · 0.0% of their software$229KNew · Flat
- Red Violet, Inc.RDVT6,093 shares · 0.0% of their software$229KFlat
- Tucows Inc.TCX13,233 shares · 0.0% of their software$223KNew · Flat
- Cognyte Software Ltd.CGNT27,044 shares · 0.0% of their software$211KNew · Flat
- BroadridgeBR842 shares · 0.0% of their software$204KFlat
- Aeva Technologies, Inc.AEVA26,880 shares · 0.0% of their software$188KFlat
- Commerce.com, Inc.CMRC30,244 shares · 0.0% of their software$174K−$833K
- Repay Holdings CorporationRPAY31,166 shares · 0.0% of their software$174K−$1.3M
- Rimini Street, Inc.RMNI47,250 shares · 0.0% of their software$164KFlat
- International Money Express, Inc.IMXI12,538 shares · 0.0% of their software$158K−$527K
- Bandwidth Inc.BAND11,577 shares · 0.0% of their software$152K−$1.6M
- AudioEye, Inc.AEYE13,391 shares · 0.0% of their software$149KFlat
- eGain CorporationEGAN27,426 shares · 0.0% of their software$133KFlat
- LightspeedLSPD12,077 shares · 0.0% of their software$106K−$5.4M
- FlywireFLYW10,613 shares · 0.0% of their software$101KNew · Flat
- Palladyne AI Corp.PDYN15,214 shares · 0.0% of their software$89KFlat
- Yalla Group LimitedYALA13,561 shares · 0.0% of their software$71KFlat
- Veritone, Inc.VERI26,260 shares · 0.0% of their software$61KNew · Flat
- Intrusion Inc.INTZ39,999 shares · 0.0% of their software$45KNew · Flat
- Usio, Inc.USIO10,035 shares · 0.0% of their software$15KNew · Flat
- Rocket One Inc.RKTO11,247 shares · 0.0% of their software$11KFlat