Clients
Two Sigma Investments serves 42 clients, 39 of them pooled investment vehicles. The average client has about $5.54 billion with the firm.
- Pooled investment vehicles39 clients99%
- OtherInvestment companies, Sovereign wealth funds and foreign official institutions, Corporations and other businesses1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 1 | $1,015,709,466 | 0.4% | $1.02B |
| Pooled investment vehicles | 39 | $229,370,044,181 | 98.5% | $5.88B |
| Sovereign wealth funds and foreign official institutions | 1 | $228,518,784 | 0.1% | $228.5M |
| Corporations and other businesses | 1 | $2,204,640,468 | 0.9% | $2.20B |
| Total | 42 | $232,818,912,899 | 100% | $5.54B |
- Clients
- 1
- Regulatory AUM
- $1,015,709,466
- Share
- 0.4%
- Avg. per client
- $1.02B
- Clients
- 39
- Regulatory AUM
- $229,370,044,181
- Share
- 98.5%
- Avg. per client
- $5.88B
- Clients
- 1
- Regulatory AUM
- $228,518,784
- Share
- 0.1%
- Avg. per client
- $228.5M
- Clients
- 1
- Regulatory AUM
- $2,204,640,468
- Share
- 0.9%
- Avg. per client
- $2.20B
Total
- Clients
- 42
- Regulatory AUM
- $232,818,912,899
- Share
- 100%
- Avg. per client
- $5.54B
What it does
Two Sigma Investments provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Two Sigma Investments advises 62 private funds.
100.0% of assets ($232.82B across 42 accounts) are managed with discretion. 40% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks46%
- Cash54%
Custodians
Two Sigma Investments’ client accounts are held mainly at Morgan Stanley, with 1% of managed assets. Two Sigma Investments has custody of $70.08B for 38 clients.
- Morgan StanleyMorgan Stanley & Co. International PLC · London · $2.43B1%
- All other custodians$230.39B99%
Ownership and leadership
John A. Overdeck Revocable Trust owns 25% to 50% of Two Sigma Investments, and Carter Lyons is its CEO.
- Owns 25% to 50% of Two Sigma Investments, LP
John A. Overdeck Revocable Trust
Control person · since January 2008
- Owns 25% to 50% of Two Sigma Investments, LP
David M. Siegel Revocable Trust
Control person · since January 2008
Thomas Rafferty
Trustee · since February 2026
- Owns 25% to 50% of Two Sigma Investments, LP
John Overdeck
Control person · since December 2007
- Owns 25% to 50% of Two Sigma Investments, LP
David Siegel
Control person · since December 2007
- Owns 5% to 10% of Two Sigma Investments, LP
Sunburst Trust
since January 2020
- Owns 5% to 10% of Two Sigma Investments, LP
Sudachi Continuation Trust
since December 2025
- Owns 5% to 10% of Two Sigma Investments, LP
Sunflower PTC LLC
since January 2020
- Owns 75% or more of Sunflower PTC LLC
Sunflower Special Purpose Trust I
since January 2020
Frontier Directed Fiduciary Services LLC
Trustee · since January 2020
Sunflower Special Purpose Trust II
Manager · since January 2020
- Owns 5% to 10% of Two Sigma Investments, LP
Shinrai PTC LLC
since December 2025
- Owns 75% or more of Shinrai PTC LLC
Shinrai Special Purpose Trust I
since January 2020
Willow Street Trust Company of Wyoming LLC
Trustee · since March 2025
Seth Platt
Executive manager of Two Sigma Management, LLC · Control person · since March 2026
Leadership
- Carter LyonsCo-Chief Executive Officer
- Dawn SchoppnerChief Financial Officer
- Timothy ReynoldsChief Operating Officer
- James Hein JR.Chief Compliance Officer
- Geoffrey DuncombeCo-Chief Investment Officer
- Steve MetzgerGeneral Counsel
- John OverdeckCo-Chairman, Two Sigma Management, LLC; Executive Manager, Two Sigma Management, LLC
- Seth PlattExecutive Manager, Two Sigma Management, LLC
- Thomas RaffertyTrustee of David M. Siegel Revocable Trust
- Christopher SalesCo-Chief Investment Officer
- David SiegelCo-Chairman, Two Sigma Management, LLC
Staff
- 1,555 employees
- 784 in advisory functions
- 116 broker-dealer reps
Reported holdings
Two Sigma Investments’ reported 13F holdings total $138.12B across 5,017 positions, and the ten largest make up 8.3% of it.
- $138.12B
- Reported 13F value
- 5,017
- Positions
- 8.3%
- In the 10 largest
- +11.4%
- Value vs. prior quarter
- Western Digital Corp. · Note 3.000%11/11.1%
- Amazon Com Inc.1.0%
- Nvidia Corporation0.9%
- Apple Inc.0.9%
- Tesla Inc.0.9%
- Berkshire Hathaway Inc. Del · CL B New0.8%
- JPMORGAN Chase & CO0.7%
- Mastercard Incorporated · CL A0.7%
- Costco Wholesale Corporation0.7%
- ASML Hldg NV · N Y Registry Shs0.7%
Together, the ten largest are 8.3% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $138.12B is not its $232.82B in regulatory assets and does not represent any individual client's portfolio.
Fees
Two Sigma Investments is paid through a percentage of assets under management and performance-based fees.
Two Sigma Investments’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Two Sigma Investments has 2 offices, with 3 listed addresses across 2 states.
New York · 2 listed addresses
- 100 Avenue of the Americas, 16th Floor, New YorkHQ
- 101 Avenue of the Americas, New York
Florida · 1 listed address
- 3801 Pga Boulevard, Palm Beach Gardens
Registration details
- Legal name
- Two Sigma Investments, LP
- Headquarters
- 100 Avenue of the Americas, 16th Floor, New York, NY 10013-1689
- Phone
- 212-625-5700
- Website
- www.twosigma.cn
- SEC file
- 801-70476
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Two Sigma Investments have?
Two Sigma Investments has 42 clients and manages $232.8 billion for them, as of March 2026. They include 39 pooled investment vehicles, 1 investment companies and 1 sovereign wealth funds and foreign official institutions.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Two Sigma Investments offer?
Two Sigma Investments provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Two Sigma Investments use?
Two Sigma Investments’ separately managed account assets are held at Morgan Stanley & Co. International PLC (London), with $2,433,159,252. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Two Sigma Investments have?
Two Sigma Investments has 0 investment adviser representatives registered with state securities authorities, out of 1,555 employees, and 784 perform investment advisory functions. 116 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Two Sigma Investments invest in?
At the end of its last fiscal year, Two Sigma Investments’ separately managed accounts held 54% cash and equivalents and 46% exchange-traded equities. It advises 62 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Two Sigma Investments?
Two Sigma Investments’ direct owners are John A. Overdeck Revocable Trust, David M. Siegel Revocable Trust, John Overdeck, David Siegel, Sunburst Trust, Sudachi Continuation Trust, Sunflower PTC LLC and Shinrai PTC LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Two Sigma Investments get paid?
Two Sigma Investments is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file