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)

#StockSharesValue% PortfolioType
301
QSQUANTUMSCAPE CORP
5,714,948$59.0B83.22%
302
ITUBITAU UNIBANCO HLDG S A
8,250,080$59.0B83.22%
303
LTHLIFE TIME GROUP HOLDINGS INC
2,191,685$58.0B81.81%
304
EPRTESSENTIAL PPTYS RLTY TR INC
1,988,271$58.0B81.81%
305
XOPSPDR SERIES TRUST
458,394$57.0B80.40%
306
F 0 03/15/26FORD MTR CO
55,000,000$57.0B80.40%
307
RYROYAL BK CDA
339,417$57.0B80.40%
308
URIUNITED RENTALS INC
69,800$56.0B78.99%
309
SBSWSIBANYE STILLWATER LTD
3,967,566$55.0B77.58%Put
310
PLUNPLUG POWER INC
28,371,995$55.0B77.58%
311
MRPMILLROSE PPTYS INC
1,866,809$55.0B77.58%
312
PBFPBF ENERGY INC
2,029,994$55.0B77.58%
313
JJACOBS SOLUTIONS INC
419,405$55.0B77.58%
314
CPTCAMDEN PPTY TR
503,071$55.0B77.58%
315
LRNSTRIDE INC
852,601$55.0B77.58%Put
316
RBRKRUBRIK INC.
716,267$54.0B76.17%
317
SBACSBA COMMUNICATIONS CORP NEW
283,097$54.0B76.17%
318
FANGDIAMONDBACK ENERGY INC
361,966$54.0B76.17%Call
319
LMNDLEMONADE INC
775,242$54.0B76.17%Put
320
MNDYMONDAY COM LTD
367,979$54.0B76.17%
321
CNX 2.25 05/01/26CNX RES CORP
18,550,000$53.0B74.76%
322
STNSTANTEC INC
570,193$53.0B74.76%
323
MHKMOHAWK INDS INC
488,732$53.0B74.76%
324
TTTRANE TECHNOLOGIES PLC
138,403$53.0B74.76%
325
TMDXTRANSMEDICS GROUP INC
435,969$53.0B74.76%
326
PPGPPG INDS INC
516,861$52.0B73.35%
327
SRPTSAREPTA THERAPEUTICS INC
2,441,455$52.0B73.35%
328
PFEPFIZER INC
2,152,508$52.0B73.35%Put
329
AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC
53,372,000$52.0B73.35%
330
MAGSLISTED FDS TR
801,100$52.0B73.35%
331
CRCCANADIAN NAT RES LTD
1,537,075$52.0B73.35%
332
STTSTATE STR CORP
407,080$52.0B73.35%
333
SCCOSOUTHERN COPPER CORP
362,758$52.0B73.35%
334
TMDX 1.5 06/01/28TRANSMEDICS GROUP INC
35,000,000$52.0B73.35%
335
ASNDASCENDIS PHARMA A/S
247,892$52.0B73.35%
336
CNXCNX RES CORP
1,400,922$51.0B71.94%
337
PAASPAN AMERN SILVER CORP
988,715$51.0B71.94%
338
ZMZOOM COMMUNICATIONS INC
598,343$51.0B71.94%
339
WEC 4.375 06/01/29WEC ENERGY GROUP INC
44,246,000$51.0B71.94%
340
RDDTREDDIT INC
227,711$51.0B71.94%Put
341
W3UWESTERN UN CO
5,454,099$50.0B70.52%
342
GVA 3.25 06/15/30GRANITE CONSTR INC
31,860,000$50.0B70.52%
343
RALRALLIANT CORP
988,158$50.0B70.52%
344
WPMWHEATON PRECIOUS METALS CORP
432,182$50.0B70.52%
345
PORPORTLAND GEN ELEC CO
1,044,757$50.0B70.52%
346
OTISOTIS WORLDWIDE CORP
574,145$50.0B70.52%
347
SIRISIRIUSXM HOLDINGS INC
2,558,587$50.0B70.52%Put
348
CPCANADIAN PACIFIC KANSAS CITY
682,050$50.0B70.52%
349
EDCONSOLIDATED EDISON INC
514,641$50.0B70.52%Put
350
GEGE AEROSPACE
160,932$49.0B69.11%Put
351
UNHUNITEDHEALTH GROUP INC
150,491$49.0B69.11%Put
352
SEISOLARIS ENERGY INFRAS INC
1,079,931$49.0B69.11%
353
VISNCOMMSCOPE HLDG CO INC
2,734,694$49.0B69.11%
354
GPN 1.5 03/01/31GLOBAL PMTS INC
55,400,000$49.0B69.11%
355
CWCURTISS WRIGHT CORP
90,101$49.0B69.11%
356
ONDSONDAS HLDGS INC
4,958,128$48.0B67.70%
357
FTECFIDELITY COVINGTON TRUST
215,088$48.0B67.70%
358
FOUR 6 05/01/28SHIFT4 PMTS INC
606,373$48.0B67.70%
359
CHHCHOICE HOTELS INTL INC
514,026$48.0B67.70%
360
HALOHALOZYME THERAPEUTICS INC
717,369$48.0B67.70%
361
MBLYMOBILEYE GLOBAL INC
4,690,702$48.0B67.70%
362
EMNEASTMAN CHEM CO
761,143$48.0B67.70%
363
SFMSPROUTS FMRS MKT INC
619,760$48.0B67.70%Put
364
EXPE 0 02/15/26EXPEDIA GROUP INC
43,449,000$48.0B67.70%
365
IONS 1.75 06/15/28IONIS PHARMACEUTICALS INC
30,250,000$48.0B67.70%
366
BLKBLACKROCK INC
44,022$47.0B66.29%
367
DYT1DYNEX CAP INC
3,420,442$47.0B66.29%
368
FQIDIGITAL RLTY TR INC
305,922$47.0B66.29%
369
CHECHEMED CORP NEW
109,923$47.0B66.29%
370
OROR ROYALTIES INC.
1,339,924$47.0B66.29%
371
TCOM 0.75 06/15/29TRIP COM GROUP LTD
38,999,000$47.0B66.29%
372
TAPMOLSON COORS BEVERAGE CO
1,019,675$47.0B66.29%
373
LEVILEVI STRAUSS & CO NEW
2,221,475$46.0B64.88%
374
LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN
32,000,000$46.0B64.88%
375
PSTGPURE STORAGE INC
700,678$46.0B64.88%
376
XOMEXXON MOBIL CORP
393,100$46.0B64.88%Put
377
PAYCPAYCOM SOFTWARE INC
293,956$46.0B64.88%
378
GIB/ACGI INC
493,551$45.0B63.47%
379
IEXIDEX CORP
257,008$45.0B63.47%
380
WULFTERAWULF INC
3,986,429$45.0B63.47%Put
381
IWMISHARES TR
188,100$45.0B63.47%Put
382
AWIARMSTRONG WORLD INDS INC NEW
237,906$45.0B63.47%
383
ZSZSCALER INC
201,417$45.0B63.47%
384
BENFRANKLIN RESOURCES INC
1,848,179$44.0B62.06%
385
DHID R HORTON INC
312,486$44.0B62.06%Put
386
SPHQINVESCO EXCHANGE TRADED FD T
586,800$44.0B62.06%
387
BIIBBIOGEN INC
251,763$44.0B62.06%
388
UMCUNITED MICROELECTRONICS CORP
5,675,393$44.0B62.06%
389
TVTXTRAVERE THERAPEUTICS INC
1,156,807$44.0B62.06%
390
NEENEXTERA ENERGY CAP HLDGS INC
36,017,000$44.0B62.06%
391
DUOLDUOLINGO INC
245,886$43.0B60.65%Put
392
SOLSSOLSTICE ADVANCED MATLS INC
888,210$43.0B60.65%
393
TOSTTOAST INC
1,233,041$43.0B60.65%
394
FROGJFROG LTD
695,113$43.0B60.65%
395
TPRTAPESTRY INC
341,695$43.0B60.65%
396
TFIITFI INTL INC
408,375$42.0B59.24%
397
REALTHE REALREAL INC
2,718,631$42.0B59.24%
398
BURLBURLINGTON STORES INC
148,600$42.0B59.24%Put
399
SYMSYMBOTIC INC
713,306$42.0B59.24%
400778,698$42.0B59.24%
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