TWO SIGMA INVESTMENTS, LP Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$70.9B
Holdings
3,534
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (3,534 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | BRK/BBERKSHIRE HATHAWAY INC DEL | 884,154 | $444.0B | 626.26% | Put |
| 2 | XLYSELECT SECTOR SPDR TR | 3,383,220 | $403.0B | 568.43% | |
| 3 | XLKSELECT SECTOR SPDR TR | 2,801,547 | $403.0B | 568.43% | |
| 4 | VUGVANGUARD INDEX FDS | 816,840 | $398.0B | 561.38% | |
| 5 | IWFISHARES TR | 813,789 | $385.0B | 543.04% | |
| 6 | RIVNRIVIAN AUTOMOTIVE INC | 19,159,484 | $376.0B | 530.35% | Put |
| 7 | SPYSPDR S&P 500 ETF TR | 552,897 | $376.0B | 530.35% | Put |
| 8 | AAPLAPPLE INC | 1,383,843 | $375.0B | 528.94% | Put |
| 9 | NVDANVIDIA CORPORATION | 1,945,491 | $361.0B | 509.19% | Put |
| 10 | PLTRPALANTIR TECHNOLOGIES INC | 1,979,360 | $350.0B | 493.67% | Put |
| 11 | SATS 3.875 11/30/30ECHOSTAR CORP | 102,516,000 | $342.0B | 482.39% | |
| 12 | NDQINVESCO QQQ TR | 541,577 | $332.0B | 468.28% | Put |
| 13 | TSLATESLA INC | 735,158 | $329.0B | 464.05% | Put |
| 14 | VNQVANGUARD INDEX FDS | 3,573,400 | $316.0B | 445.72% | |
| 15 | AMZNAMAZON COM INC | 1,362,437 | $314.0B | 442.90% | Put |
| 16 | AMDADVANCED MICRO DEVICES INC | 1,460,691 | $311.0B | 438.66% | Put |
| 17 | SOFISOFI TECHNOLOGIES INC | 11,928,703 | $311.0B | 438.66% | Put |
| 18 | MUMICRON TECHNOLOGY INC | 1,077,889 | $306.0B | 431.61% | Put |
| 19 | WDC 3 11/15/28WESTERN DIGITAL CORP | 62,584,000 | $286.0B | 403.40% | |
| 20 | MSFTMICROSOFT CORP | 570,234 | $274.0B | 386.48% | Put |
| 21 | IVVISHARES TR | 392,760 | $269.0B | 379.42% | |
| 22 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 888,449 | $269.0B | 379.42% | Put |
| 23 | GMGENERAL MTRS CO | 3,314,035 | $268.0B | 378.01% | Put |
| 24 | TJXTJX COS INC NEW | 1,734,630 | $265.0B | 373.78% | Put |
| 25 | ISRGINTUITIVE SURGICAL INC | 459,879 | $260.0B | 366.73% | |
| 26 | SCHWSCHWAB CHARLES CORP | 2,624,155 | $260.0B | 366.73% | Put |
| 27 | ABNBAIRBNB INC | 1,913,495 | $259.0B | 365.32% | |
| 28 | ADBEADOBE INC | 741,976 | $259.0B | 365.32% | |
| 29 | MAMASTERCARD INCORPORATED | 441,496 | $252.0B | 355.45% | |
| 30 | BMYBRISTOL-MYERS SQUIBB CO | 4,662,042 | $251.0B | 354.03% | |
| 31 | IBBISHARES TR | 1,475,007 | $248.0B | 349.80% | |
| 32 | NOWSERVICENOW INC | 1,615,364 | $247.0B | 348.39% | Put |
| 33 | NETCLOUDFLARE INC | 1,262,598 | $247.0B | 348.39% | Put |
| 34 | ALNYALNYLAM PHARMACEUTICALS INC | 616,120 | $245.0B | 345.57% | |
| 35 | SCHHSCHWAB STRATEGIC TR | 11,681,437 | $244.0B | 344.16% | |
| 36 | RBLXROBLOX CORP | 3,007,272 | $243.0B | 342.75% | |
| 37 | BABOEING CO | 1,126,531 | $243.0B | 342.75% | Put |
| 38 | TMUST-MOBILE US INC | 1,183,865 | $240.0B | 338.52% | |
| 39 | TTDTHE TRADE DESK INC | 6,263,335 | $237.0B | 334.29% | Put |
| 40 | AMGNAMGEN INC | 723,988 | $236.0B | 332.88% | Put |
| 41 | BSXBOSTON SCIENTIFIC CORP | 2,475,144 | $235.0B | 331.47% | Call |
| 42 | USMVISHARES TR | 2,492,600 | $234.0B | 330.06% | |
| 43 | LMTLOCKHEED MARTIN CORP | 486,515 | $234.0B | 330.06% | Put |
| 44 | XLRESELECT SECTOR SPDR TR | 5,735,700 | $231.0B | 325.82% | |
| 45 | MRSHMARSH & MCLENNAN COS INC | 1,249,912 | $231.0B | 325.82% | |
| 46 | SMHVANECK ETF TRUST | 636,751 | $229.0B | 323.00% | |
| 47 | IBKRINTERACTIVE BROKERS GROUP IN | 3,565,721 | $228.0B | 321.59% | Put |
| 48 | CITCINTAS CORP | 1,217,532 | $228.0B | 321.59% | |
| 49 | MSIMOTOROLA SOLUTIONS INC | 590,873 | $226.0B | 318.77% | Call |
| 50 | COSTCOSTCO WHSL CORP NEW | 259,124 | $223.0B | 314.54% | |
| 51 | RSGREPUBLIC SVCS INC | 1,043,844 | $221.0B | 311.72% | |
| 52 | AERAERCAP HOLDINGS NV | 1,538,896 | $221.0B | 311.72% | |
| 53 | GHGUARDANT HEALTH INC | 2,175,903 | $221.0B | 311.72% | Put |
| 54 | ANETARISTA NETWORKS INC | 1,702,192 | $221.0B | 311.72% | Put |
| 55 | SESEA LTD | 1,727,586 | $220.0B | 310.31% | Put |
| 56 | TRVCCITIGROUP INC | 1,869,333 | $217.0B | 306.08% | Put |
| 57 | REGNREGENERON PHARMACEUTICALS | 281,151 | $217.0B | 306.08% | |
| 58 | ARGXARGENX SE | 258,556 | $217.0B | 306.08% | |
| 59 | ONON SEMICONDUCTOR CORP | 4,026,066 | $216.0B | 304.67% | Put |
| 60 | LRCXLAM RESEARCH CORP | 1,266,457 | $216.0B | 304.67% | Put |
| 61 | MRNAMODERNA INC | 7,362,796 | $216.0B | 304.67% | Put |
| 62 | PGRPROGRESSIVE CORP | 946,277 | $215.0B | 303.26% | |
| 63 | XBISPDR SERIES TRUST | 1,762,600 | $214.0B | 301.85% | |
| 64 | KMBKIMBERLY-CLARK CORP | 2,116,203 | $213.0B | 300.44% | |
| 65 | AMTAMERICAN TOWER CORP NEW | 1,216,424 | $213.0B | 300.44% | |
| 66 | MSCIMSCI INC | 372,616 | $213.0B | 300.44% | |
| 67 | UNPUNION PAC CORP | 913,198 | $211.0B | 297.61% | Call |
| 68 | LITELUMENTUM HLDGS INC | 578,611 | $211.0B | 297.61% | Put |
| 69 | VVISA INC | 603,759 | $211.0B | 297.61% | Put |
| 70 | ISIIONIS PHARMACEUTICALS INC | 2,658,646 | $210.0B | 296.20% | |
| 71 | EQIXEQUINIX INC | 272,870 | $209.0B | 294.79% | |
| 72 | PGPROCTER AND GAMBLE CO | 1,463,914 | $209.0B | 294.79% | |
| 73 | NUNU HLDGS LTD | 12,599,324 | $209.0B | 294.79% | Put |
| 74 | IYWISHARES TR | 1,038,224 | $207.0B | 291.97% | |
| 75 | AMEAMETEK INC | 1,010,471 | $207.0B | 291.97% | |
| 76 | VRSKVERISK ANALYTICS INC | 924,687 | $206.0B | 290.56% | |
| 77 | GDDYGODADDY INC | 1,663,619 | $206.0B | 290.56% | |
| 78 | WWAYFAIR INC | 2,041,019 | $204.0B | 287.74% | Put |
| 79 | MCDMCDONALDS CORP | 664,254 | $202.0B | 284.92% | Put |
| 80 | ROKUROKU INC | 1,862,357 | $200.0B | 282.10% | Put |
| 81 | AZNASTRAZENECA PLC | 2,183,476 | $200.0B | 282.10% | Call |
| 82 | DWDMORGAN STANLEY | 1,127,813 | $199.0B | 280.69% | Put |
| 83 | RLRALPH LAUREN CORP | 564,947 | $199.0B | 280.69% | Call |
| 84 | VLOVALERO ENERGY CORP | 1,235,710 | $199.0B | 280.69% | Put |
| 85 | WMWASTE MGMT INC DEL | 907,222 | $199.0B | 280.69% | Put |
| 86 | TXNTEXAS INSTRS INC | 1,132,405 | $195.0B | 275.05% | Put |
| 87 | FFORD MTR CO | 14,888,265 | $195.0B | 275.05% | |
| 88 | FCXFREEPORT-MCMORAN INC | 3,828,107 | $193.0B | 272.23% | Put |
| 89 | CVNACARVANA CO | 459,932 | $193.0B | 272.23% | Put |
| 90 | HPEHEWLETT PACKARD ENTERPRISE C | 8,048,311 | $192.0B | 270.82% | Put |
| 91 | AALAMERICAN AIRLS GROUP INC | 12,688,098 | $192.0B | 270.82% | Put |
| 92 | DELLDELL TECHNOLOGIES INC | 1,518,192 | $190.0B | 267.99% | Put |
| 93 | ETNEATON CORP PLC | 603,126 | $190.0B | 267.99% | Put |
| 94 | WCNWASTE CONNECTIONS INC | 1,079,135 | $189.0B | 266.58% | |
| 95 | SPLVINVESCO EXCH TRADED FD TR II | 2,634,200 | $188.0B | 265.17% | |
| 96 | DGDOLLAR GEN CORP NEW | 1,389,179 | $184.0B | 259.53% | |
| 97 | CBCHUBB LIMITED | 586,031 | $182.0B | 256.71% | |
| 98 | BKNGBOOKING HOLDINGS INC | 34,181 | $182.0B | 256.71% | Put |
| 99 | TAT&T INC | 7,334,980 | $182.0B | 256.71% | |
| 100 | ALBALBEMARLE CORP | 1,298,358 | $182.0B | 256.71% | Put |
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