Generalist · New York, NY
Two Sigma Investments
Q2 2025 · compared with Q1 2025
Filed as Two Sigma Investments, LP
- Software
- $6.3B
- Weight of 13F
- 11.9%
- Names
- 193
- Net bought
- +$458M
Filed 14 August 2025 · SEC filing.
Call exposure on these names is $38.5M across 1 line. Calls are not in the stock total.
3,014 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
- PalantirPLTR2,000,926 shares · 4.3% of their software · price +$104M$273M−$68.9M
- SnowflakeSNOW1,217,039 shares · 4.3% of their software · price +$94.5M$272M−$63.0M
- SalesforceCRM993,387 shares · 4.3% of their software · price +$4.3M$271M+$7.4M
- CloudflareNET1,363,214 shares · 4.2% of their software · price +$113M$267M−$2.3M
- MicrosoftMSFT529,591 shares · 4.2% of their software · price +$64.6M$263M−$24.5M
- AdobeADBE668,638 shares · 4.1% of their software · price +$2.2M$259M+$18.8M
- ZscalerZS812,308 shares · 4.0% of their software · price +$93.8M$255M+$115M
- AtlassianTEAM1,239,975 shares · 4.0% of their software · price −$11.3M$252M+$129M
- DuolingoDUOL572,841 shares · 3.7% of their software · price +$57.0M$235M+$175M
- HubSpotHUBS411,125 shares · 3.6% of their software · price −$6.0M$229M+$103M
- VeevaVEEV714,810 shares · 3.3% of their software · price +$40.3M$206M+$50.0M
- IntuitINTU257,787 shares · 3.2% of their software · price +$44.8M$203M+$94.5M
- GoDaddyGDDY816,740 shares · 2.3% of their software$147M+$146M
- CrowdStrikeCRWD282,148 shares · 2.3% of their software · price +$44.2M$144M+$96.1M
- CadenceCDNS423,183 shares · 2.1% of their software · price +$22.8M$130M+$101M
- Lyft, Inc.LYFT8,114,224 shares · 2.0% of their software · price +$31.6M$128M+$51.2M
- ElasticESTC1,382,375 shares · 1.8% of their software · price −$6.6M$117M+$76.0M
- Palo Alto NetworksPANW534,252 shares · 1.7% of their software · price +$18.2M$109M−$46.6M
- Rubrik, Inc.RBRK1,134,624 shares · 1.6% of their software · price +$32.5M$102M+$42.0M
- VeriskVRSK323,848 shares · 1.6% of their software · price +$4.5M$101M−$73.4M
- VaronisVRNS1,869,819 shares · 1.5% of their software · price +$19.3M$94.9M−$2.2M
- ToastTOST1,810,388 shares · 1.3% of their software · price +$20.1M$80.2M+$41.2M
- WaystarWAY1,905,339 shares · 1.2% of their software · price +$6.7M$77.9M+$31.2M
- Grab Holdings LimitedGRAB14,700,312 shares · 1.2% of their software · price +$7.4M$73.9M+$13.3M
- UnityU3,012,487 shares · 1.2% of their software · price +$13.9M$72.9M+$22.3M
- DatadogDDOG517,618 shares · 1.1% of their software · price +$18.2M$69.5M+$11.8M
- BoxBOX2,026,650 shares · 1.1% of their software · price +$6.7M$69.3M+$15.5M
- Roper Technologies, Inc.ROP116,123 shares · 1.0% of their software · price −$2.6M$65.8M−$16.0M
- GuidewireGWRE270,345 shares · 1.0% of their software · price +$13.0M$63.7M+$46.3M
- CommvaultCVLT355,534 shares · 1.0% of their software · price +$5.9M$62.0M+$14.1M
- BILLBILL1,336,100 shares · 1.0% of their software$61.8M−$26.0M
- WorkdayWDAY255,560 shares · 1.0% of their software · price +$1.7M$61.3M+$36.2M
- Tyler TechnologiesTYL100,301 shares · 0.9% of their software · price +$1.1M$59.5M+$31.3M
- Dave Inc.DAVE205,821 shares · 0.9% of their software · price +$38.2M$55.2M+$15.9M
- Fiserv, Inc.FISV320,008 shares · 0.9% of their software · price −$15.5M$55.2MNew · +$70.7M
- MorningstarMORN160,668 shares · 0.8% of their software · price +$2.3M$50.4M+$14.2M
- OracleORCL223,149 shares · 0.8% of their software · price +$17.6M$48.8M−$87.9M
- Core Scientific, Inc.CORZ2,749,316 shares · 0.7% of their software · price +$27.0M$46.9M+$8.2M
- MongoDBMDB213,789 shares · 0.7% of their software · price +$7.4M$44.9M−$4.6M
- PaylocityPCTY240,839 shares · 0.7% of their software · price −$1.5M$43.6M+$43.2M
- FortinetFTNT401,931 shares · 0.7% of their software · price +$3.8M$42.5M−$163M
- KlaviyoKVYO1,130,866 shares · 0.6% of their software · price +$3.8M$38.0M+$11.2M
- PaycomPAYC161,905 shares · 0.6% of their software · price +$2.1M$37.5M+$32.7M
- Check PointCHKP165,450 shares · 0.6% of their software · price −$1.1M$36.6M+$5.9M
- WixWIX223,941 shares · 0.6% of their software · price −$1.1M$35.5M−$11.3M
- Grindr Inc.GRND1,394,683 shares · 0.5% of their software · price +$6.7M$31.7M+$18.4M
- NutanixNTNX411,869 shares · 0.5% of their software · price +$2.7M$31.5M+$28.1M
- JFrogFROG700,577 shares · 0.5% of their software · price +$8.3M$30.7M+$21.8M
- Pagaya Technologies Ltd.PGY1,380,939 shares · 0.5% of their software · price +$15.0M$29.4M+$786K
- TwilioTWLO231,514 shares · 0.5% of their software · price +$6.1M$28.8M−$119M
- Amdocs LimitedDOX264,389 shares · 0.4% of their software$24.1M−$11.3M
- ServiceNowNOW23,360 shares · 0.4% of their software · price +$5.4M$24.0M−$171M
- Clear Secure, Inc.YOU819,615 shares · 0.4% of their software · price +$1.5M$22.8M+$3.6M
- Strategy IncMSTR53,823 shares · 0.3% of their software · price +$6.2M$21.8MNew · +$15.5M
- AkamaiAKAM265,666 shares · 0.3% of their software$21.2M−$18.3M
- QualysQLYS147,816 shares · 0.3% of their software · price +$2.5M$21.1M+$903K
- Aeva Technologies, Inc.AEVA537,812 shares · 0.3% of their software · price +$16.6M$20.3M+$3.6M
- InterDigital, Inc.IDCC84,558 shares · 0.3% of their software · price +$1.5M$19.0M−$8.7M
- TenableTENB544,665 shares · 0.3% of their software · price −$654K$18.4M+$9.5M
- ZoomInfoZI1,757,247 shares · 0.3% of their software$17.8M—
- monday.comMNDY53,600 shares · 0.3% of their software · price +$3.8M$16.9M+$2.7M
- Manhattan AssociatesMANH85,287 shares · 0.3% of their software · price +$2.1M$16.8M−$24.5M
- FastlyFSLY2,344,847 shares · 0.3% of their software · price +$1.7M$16.6M+$5.3M
- SchrödingerSDGR821,151 shares · 0.3% of their software$16.5M+$11.4M
- SentinelOneS876,607 shares · 0.3% of their software$16.0M+$12.2M
- Uber Technologies, Inc.UBER169,118 shares · 0.2% of their software · price +$3.5M$15.8M+$987K
- UiPathPATH1,209,764 shares · 0.2% of their software · price +$3.0M$15.5M−$19.6M
- AvePointAVPT786,597 shares · 0.2% of their software · price +$3.8M$15.2M+$6.0M
- FreshworksFRSH1,014,333 shares · 0.2% of their software · price +$811K$15.1MFlat
- AsanaASAN1,054,017 shares · 0.2% of their software · price −$1.1M$14.2M−$4.4M
- Cellebrite DI Ltd.CLBT878,718 shares · 0.2% of their software · price −$3.0M$14.1M−$2.8M
- Payoneer Global Inc.PAYO1,850,612 shares · 0.2% of their software · price −$851K$12.7M−$2.2M
- DescartesDSGX117,649 shares · 0.2% of their software$12.0M−$3.2M
- Sportradar Group AGSRAD409,589 shares · 0.2% of their software · price +$2.6M$11.5M+$4.0M
- GitLabGTLB247,532 shares · 0.2% of their software$11.2M+$9.4M
- A10 Networks, Inc.ATEN573,164 shares · 0.2% of their software · price +$1.7M$11.1M+$1.3M
- SS&CSSNC131,522 shares · 0.2% of their software$10.9M−$44.3M
- DynatraceDT194,442 shares · 0.2% of their software · price +$1.6M$10.7M−$35.5M
- WorkivaWK156,248 shares · 0.2% of their software · price −$1.2M$10.7M−$10.6M
- ShopifySHOP85,630 shares · 0.2% of their software · price +$1.7M$9.9M+$5.5M
- CoreWeave, Inc.CRWV59,720 shares · 0.2% of their software · price +$7.5M$9.7M+$2.0M
- FactSetFDS19,211 shares · 0.1% of their software$8.6M−$6.7M
- Zeta GlobalZETA548,968 shares · 0.1% of their software · price +$1.1M$8.5M−$14.8M
- DLocal LimitedDLO747,799 shares · 0.1% of their software · price +$2.2M$8.5M−$2.2M
- Sabre CorporationSABR2,600,984 shares · 0.1% of their software · price +$910K$8.2M−$2.9M
- EVERTEC, Inc.EVTC227,745 shares · 0.1% of their software$8.2MFlat
- BlackBerry LimitedBB1,770,430 shares · 0.1% of their software · price +$1.4M$8.1MFlat
- TeradataTDC336,898 shares · 0.1% of their software$7.5M−$4.0M
- Digital TurbineAPPS1,253,686 shares · 0.1% of their software · price +$4.0M$7.4M−$1.2M
- Euronet Worldwide, Inc.EEFT68,589 shares · 0.1% of their software$7.0M−$1.0M
- NetScout Systems, Inc.NTCT264,442 shares · 0.1% of their software · price +$1.0M$6.6M−$3.1M
- RingCentralRNG212,678 shares · 0.1% of their software · price +$764K$6.0M−$9.0M
- AmplitudeAMPL472,278 shares · 0.1% of their software · price +$1.0M$5.9MNew · +$4.8M
- MagniteMGNI237,826 shares · 0.1% of their software · price +$3.0M$5.7M+$2.1M
- Life360, Inc.LIF83,500 shares · 0.1% of their software · price +$2.2M$5.4MNew · +$3.2M
- DoubleVerifyDV354,072 shares · 0.1% of their software · price +$567K$5.3M+$2.3M
- The Trade DeskTTD67,663 shares · 0.1% of their software · price +$1.2M$4.9M−$6.7M
- Alarm.com Holdings, Inc.ALRM85,329 shares · 0.1% of their software$4.8M+$2.5M
- VeriSign, Inc.VRSN15,951 shares · 0.1% of their software · price +$557K$4.6M−$8.4M
- PagerDutyPD301,220 shares · 0.1% of their software · price −$901K$4.6M−$2.0M
- Block, Inc.XYZ65,400 shares · 0.1% of their software · price +$889K$4.4M+$3.1M
- CertaraCERT379,247 shares · 0.1% of their software · price +$683K$4.4M+$1.8M
- ACI WorldwideACIW96,358 shares · 0.1% of their software · price −$848K$4.4M+$5.0M
- DropboxDBX141,816 shares · 0.1% of their software$4.1M−$12.6M
- PaymentusPAY121,452 shares · 0.1% of their software · price +$808K$4.0M+$1.7M
- Kingsoft Cloud Holdings LimitedKC316,472 shares · 0.1% of their software · price −$582K$4.0M−$1.0M
- OktaOKTA39,579 shares · 0.1% of their software$4.0M−$22.3M
- SPS CommerceSPSC29,000 shares · 0.1% of their software$3.9MNew · +$3.8M
- Bentley SystemsBSY71,759 shares · 0.1% of their software · price +$1.0M$3.9M−$7.3M
- ProgressPRGS60,619 shares · 0.1% of their software · price +$747K$3.9MFlat
- CourseraCOUR436,533 shares · 0.1% of their software · price +$917K$3.8M−$532K
- SamsaraIOT87,946 shares · 0.1% of their software$3.5M−$4.7M
- Blend Labs, Inc.BLND1,045,278 shares · 0.1% of their software$3.4MFlat
- VTEXVTEX504,770 shares · 0.1% of their software · price +$772K$3.3M+$727K
- YextYEXT388,365 shares · 0.1% of their software · price +$909K$3.3M+$1.2M
- Automatic Data Processing, Inc.ADP10,300 shares · 0.1% of their software$3.2M−$24.0M
- Clearwater AnalyticsCWAN140,540 shares · 0.0% of their software$3.1M—
- DoximityDOCS48,062 shares · 0.0% of their software$2.9MNew · +$2.8M
- Priority Technology Holdings, Inc.PRTH370,313 shares · 0.0% of their software$2.9M+$797K
- Donnelley Financial Solutions, Inc.DFIN45,922 shares · 0.0% of their software · price +$824K$2.8M−$4.0M
- Bitdeer Technologies GroupBTDR232,062 shares · 0.0% of their software · price +$615K$2.7MNew · +$2.0M
- PegasystemsPEGA48,740 shares · 0.0% of their software · price −$750K$2.6M−$4.5M
- Rapid7RPD110,259 shares · 0.0% of their software$2.6MFlat
- Corpay, Inc.CPAY7,472 shares · 0.0% of their software$2.5MNew · +$2.6M
- Fair IsaacFICO1,200 shares · 0.0% of their software$2.2M−$18.7M
- CoStarCSGP26,299 shares · 0.0% of their software$2.1MNew · +$2.1M
- N-ableNABL254,180 shares · 0.0% of their software$2.1MFlat
- Radware Ltd.RDWR68,335 shares · 0.0% of their software · price +$534K$2.0M−$709K
- PubMaticPUBM156,027 shares · 0.0% of their software · price +$515K$1.9MNew · +$1.4M
- Ibotta, Inc.IBTA52,725 shares · 0.0% of their software$1.9MNew · +$2.2M
- Diebold Nixdorf, IncorporatedDBD34,220 shares · 0.0% of their software$1.9M+$846K
- BroadridgeBR7,590 shares · 0.0% of their software$1.8M+$1.6M
- PTCPTC10,373 shares · 0.0% of their software$1.8M−$12.7M
- DigitalOceanDOCN60,312 shares · 0.0% of their software$1.7M+$789K
- Karooooo Ltd.KARO34,421 shares · 0.0% of their software$1.7MNew · +$1.5M
- Mitek Systems, Inc.MITK169,445 shares · 0.0% of their software$1.7MFlat
- Paysign, Inc.PAYS210,846 shares · 0.0% of their software · price +$1.1M$1.5MFlat
- DoceboDCBO51,644 shares · 0.0% of their software$1.5M+$831K
- Bandwidth Inc.BAND93,889 shares · 0.0% of their software$1.5M+$1.1M
- Cerence Inc.CRNC143,952 shares · 0.0% of their software$1.5MFlat
- Five9FIVN55,453 shares · 0.0% of their software$1.5M−$6.3M
- nCinoNCNO51,781 shares · 0.0% of their software$1.4MNew · +$1.4M
- Calix, Inc.CALX24,789 shares · 0.0% of their software$1.3MFlat
- PAR Technology CorporationPAR18,342 shares · 0.0% of their software$1.3MNew · +$1.1M
- AppianAPPN42,159 shares · 0.0% of their software$1.3MNew · +$1.2M
- Expensify, Inc.EXFY406,804 shares · 0.0% of their software$1.1M−$527K
- 8x8EGHT514,563 shares · 0.0% of their software$1.0M—
- SemrushSEMR108,834 shares · 0.0% of their software$985K—
- Sprout SocialSPT46,283 shares · 0.0% of their software$968K−$793K
- LightspeedLSPD76,000 shares · 0.0% of their software$890K+$559K
- Paysafe LimitedPSFE66,805 shares · 0.0% of their software$843KFlat
- Repay Holdings CorporationRPAY170,723 shares · 0.0% of their software$823K+$777K
- Rimini Street, Inc.RMNI214,762 shares · 0.0% of their software$810K+$583K
- ReposiTrak, Inc.TRAK39,524 shares · 0.0% of their software$777KNew · +$801K
- BackblazeBLZE131,517 shares · 0.0% of their software$723KFlat
- Thryv Holdings, Inc.THRY57,900 shares · 0.0% of their software$704KFlat
- Telos CorporationTLS214,849 shares · 0.0% of their software$681KNew · +$511K
- SimilarwebSMWB81,111 shares · 0.0% of their software$636KFlat
- Cognyte Software Ltd.CGNT62,200 shares · 0.0% of their software$575KFlat
- Immersion CorporationIMMR71,858 shares · 0.0% of their software$566KFlat
- Definitive HealthcareDH140,510 shares · 0.0% of their software$548KFlat
- VertexVERX14,876 shares · 0.0% of their software$526K−$7.4M
- SoundThinking, Inc.SSTI38,110 shares · 0.0% of their software$498KFlat
- Ooma, Inc.OOMA36,307 shares · 0.0% of their software$468KFlat
- Intellicheck, Inc.IDN74,038 shares · 0.0% of their software$399KNew · Flat
- FlywireFLYW32,853 shares · 0.0% of their software$384KFlat
- Agilysys, Inc.AGYS3,002 shares · 0.0% of their software$344K−$2.9M
- AutodeskADSK1,000 shares · 0.0% of their software$310K−$105M
- Tuya Inc.TUYA127,472 shares · 0.0% of their software$294K−$2.4M
- Viant Technology Inc.DSP20,833 shares · 0.0% of their software$276KFlat
- Paychex, Inc.PAYX1,775 shares · 0.0% of their software$258K−$2.2M
- Materialise NVMTLS44,915 shares · 0.0% of their software$254KFlat
- Tucows Inc.TCX10,918 shares · 0.0% of their software$215KFlat
- Agora, Inc.API50,587 shares · 0.0% of their software$193KFlat
- Alarum Technologies Ltd.ALAR13,637 shares · 0.0% of their software$185KFlat
- Rackspace Technology, Inc.RXT143,827 shares · 0.0% of their software$184KFlat
- Rezolve AI PLCRZLV54,360 shares · 0.0% of their software$167KNew · Flat
- Palladyne AI Corp.PDYN18,482 shares · 0.0% of their software$160KFlat
- Health CatalystHCAT42,426 shares · 0.0% of their software$160KNew · Flat
- International Money Express, Inc.IMXI14,554 shares · 0.0% of their software$147KFlat
- Intrusion Inc.INTZ62,905 shares · 0.0% of their software$144KFlat
- Xperi Inc.XPER18,040 shares · 0.0% of their software$143KFlat
- Kaltura, Inc.KLTR69,103 shares · 0.0% of their software$139KFlat
- Cloudastructure Inc.CSAI45,806 shares · 0.0% of their software$101KNew · Flat
- Ribbon Communications Inc.RBBN20,811 shares · 0.0% of their software$83KNew · Flat
- authID Inc.AUID12,926 shares · 0.0% of their software$68KNew · Flat
- eGain CorporationEGAN10,135 shares · 0.0% of their software$63KFlat
- Amesite Inc.AMST21,579 shares · 0.0% of their software$58KNew · Flat
- CURRENC Group Inc.CURR59,536 shares · 0.0% of their software$49KNew · Flat
- SmartRent, Inc.SMRT36,333 shares · 0.0% of their software$36KNew · Flat
- Rekor Systems, Inc.REKR25,680 shares · 0.0% of their software$30KNew · Flat
- Usio, Inc.USIO11,732 shares · 0.0% of their software$18KFlat
- Rocket One Inc.RKTO11,099 shares · 0.0% of their software$13KFlat