TWO SIGMA SECURITIES LLC
Q4 2025 Form 13-F
NEW YORK, NEW YORK
CIK 0001450144
· Institutional investment manager
$727.8M Reported Value Total
Reported value
$727.8M
Quarter over quarter
+1.1%
Holdings
1,421
Top-10 concentration
11.6%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Carl Vallese
Chief Compliance Officer
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Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | February 17, 2026 |
| Form | 13F-HR |
| Reported value | $727.8M |
| Positions | 1,421 |
| Change in reported value | +7.4% |
| New positions | 864 |
| Exited positions | 770 |
| Position turnover | 74.6% |
| Top-10 concentration | 11.6% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
1,668 | $1.2B |
|
Q1 2026 13F
Filed May 15, 2026
|
1,599 | $860.9M |
|
Q4 2025 13F
Filed Feb 17, 2026
|
1,421 | $727.8M |
|
Q3 2025 13F
Filed Nov 14, 2025
|
1,327 | $678.0M |
|
Q2 2025 13F
Filed Aug 14, 2025
|
1,437 | $810.7M |
|
Q1 2025 13F
Filed May 15, 2025
|
1,385 | $659.4M |
|
Q4 2024 13F
Filed Feb 14, 2025
|
1,356 | $754.5M |
|
Q3 2024 13F
Filed Nov 14, 2024
|
1,520 | $5.9B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
1,485 | $8.3B |
|
Q1 2024 13F
Filed May 15, 2024
|
1,381 | $10.4B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
1,398 | $10.3B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
1,322 | $9.4B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
1,203 | $6.7B |
|
Q1 2023 13F
Filed May 15, 2023
|
1,279 | $5.0B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
1,309 | $3.3B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
1,314 | $3.3B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
1,188 | $2.8B |
|
Q1 2022 13F
Filed May 16, 2022
|
1,076 | $2.8B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
1,006 | $2.3B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
818 | $3.4B |
27 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | HYG ISHARES TR | $18.8M | 2.58% |
| 2 | MSFT MICROSOFT CORP | $12.3M | 1.69% |
| 3 | SHY ISHARES TR | $8.0M | 1.1% |
| 4 | BIL SPDR SERIES TRUST | $7.2M | 0.98% |
| 5 | TLT ISHARES TR | $7.0M | 0.96% |
| 6 | TSLA TESLA INC | $6.6M | 0.9% |
| 7 | NVDA NVIDIA CORPORATION | $6.4M | 0.88% |
| 8 | VCSH VANGUARD SCOTTSDALE FDS | $6.3M | 0.86% |
| 9 | IXUS ISHARES TR | $5.9M | 0.81% |
| 10 | ORCL ORACLE CORP | $5.8M | 0.8% |
| 11 | IUSB ISHARES TR | $5.1M | 0.7% |
| 12 | RSP INVESCO EXCHANGE TRADED FD T | $4.4M | 0.6% |
| 13 | GOOG ALPHABET INC | $4.2M | 0.58% |
| 14 | USHY ISHARES TR | $4.2M | 0.57% |
| 15 | BKLN INVESCO EXCH TRADED FD TR II | $4.1M | 0.57% |
| 16 | VGK VANGUARD INTL EQUITY INDEX F | $4.1M | 0.57% |
| 17 | ADP AUTOMATIC DATA PROCESSING IN | $4.0M | 0.55% |
| 18 | SCHD SCHWAB STRATEGIC TR | $3.8M | 0.52% |
| 19 | IJH ISHARES TR | $3.8M | 0.52% |
| 20 | TZA DIREXION SHS ETF TR | $3.6M | 0.49% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.