DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Two Sigma Investments, LP
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 49 filings
SEC status approved since Aug 21, 2009
RAUM
$233B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
1,555
784 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
62
reported on Schedule D
History
49 filings and snapshots on the tape
RAUM$233B as of Mar 31, 2026
Mar 30, 2012$18B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20130 then
Employees (5.A)1,555 as of Mar 31, 2026
Mar 28, 2013503 then
Private funds62 as of Mar 31, 2026
Mar 30, 201230 then
RAUM +111% over the last fiscal year+49% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $5.5BderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +111%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Custody
- $70B, 38 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes testimonials (5.L.1.c)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$229B99%
- Corporations and businesses$2.2B0.9%
- Investment companies$1.0B0.4%
- Sovereign wealth funds$229M0.1%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 42reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $70B for 38 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.99 institutional_share=0.0 related_bd=true related_bank=true bd_reps=116.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
46 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Two Sigma Spectrum Portfolio, LLC | Hedge Fund | $18B | 530 | Mar 30, 2012 |
| Two Sigma Equity Portfolio, LLC | Hedge Fund | $17B | 363 | Mar 30, 2012 |
| Two Sigma Horizon Portfolio, LLC | Hedge Fund | $13B | 744 | Mar 30, 2012 |
| Two Sigma Equity Spectrum Portfolio, LLC | Hedge Fund | $9.2B | 541 | Mar 30, 2020 |
| Two Sigma Strategies Fund, LLC | Hedge Fund | $8.9B | 185 | Mar 30, 2012 |
| Two Sigma Spectrum Fund, Ltd. | Hedge Fund | $8.7B | 206 | Mar 30, 2012 |
| Two Sigma Futures Portfolio, LLC | Hedge Fund | $6.6B | 543 | Mar 30, 2012 |
| Two Sigma Spectrum Cayman Fund, Ltd. | Hedge Fund | $6.0B | 141 | Mar 30, 2012 |
| Two Sigma Strategies Master Fund, Ltd.no longer reported | Hedge Fund | $4.4B | 52 | Mar 30, 2012 |
| Two Sigma Capital Xr, LLCno longer reported | Hedge Fund | $4.3B | 249 | Mar 30, 2012 |
| Two Sigma Capital, LLCno longer reported | Hedge Fund | $3.3B | 191 | Mar 30, 2012 |
| Two Sigma Mercury Master Fund, LLC | Hedge Fund | $3.3B | 10 | Aug 28, 2019 |
| Two Sigma Spectrum U.S. Fund, LP | Hedge Fund | $2.8B | 65 | Mar 30, 2012 |
| Two Sigma Mercury Fund, LP | Hedge Fund | $2.5B | 5 | Aug 28, 2019 |
| Two Sigma Absolute Return Allocator Fund, LLC | Hedge Fund | $1.9B | 567 | Mar 31, 2023 |
| Two Sigma Hamilton Fund, LLC | Hedge Fund | $1.8B | 3 | Mar 31, 2014 |
| Soho Orbit Strategies, LLCno longer reported | Hedge Fund | $1.7B | 83 | Mar 28, 2013 |
| Two Sigma Blazar Portfolio, LLC | Hedge Fund | $1.7B | 124 | Feb 24, 2023 |
| Soho Orbit Fund, LPno longer reported | Hedge Fund | $995M | 52 | Mar 30, 2012 |
| Two Sigma Jupiter Portfolio, LLCno longer reported | Hedge Fund | $932M | 117 | Mar 30, 2012 |
| Two Sigma Compass Master Fund, Ltd. | Hedge Fund | $616M | 35 | Mar 30, 2012 |
| Two Sigma Mercury Cayman Fund, Ltd. | Hedge Fund | $607M | 5 | Aug 28, 2019 |
| Two Sigma Quasar Fund, LP | Hedge Fund | $604M | 2 | Aug 24, 2021 |
| Two Sigma Compass U.S. Fund, LPno longer reported | Hedge Fund | $582M | 4 | Mar 30, 2012 |
| Two Sigma Compass Enhanced U.S. Fund, LP | Hedge Fund | $545M | 22 | Mar 30, 2012 |
| Two Sigma Neptune Allocator Fund, LLC | Hedge Fund | $456M | 11 | Mar 31, 2023 |
| Two Sigma Navigator Portfolio, LLC | Hedge Fund | $294M | 744 | Mar 31, 2022 |
| Soho Satellite Fund II, LPno longer reported | Hedge Fund | $271M | 2 | Mar 28, 2013 |
| Soho Satellite Master Fund, LPno longer reported | Hedge Fund | $205M | 4 | Mar 30, 2012 |
| Two Sigma Eclipse Fund, Ltd. | Hedge Fund | $181M | 29 | Mar 30, 2012 |
| Two Sigma Horizon Fund, LP | Hedge Fund | $158M | 4 | Aug 7, 2024 |
| Two Sigma Eclipse Cayman Fund, Ltd. | Hedge Fund | $135M | 20 | Mar 30, 2012 |
| Two Sigma Luna, LLCno longer reported | Hedge Fund | $132M | 111 | Aug 8, 2013 |
| Two Sigma Compass Cayman Fund, Ltd. | Hedge Fund | $83.8M | 9 | Mar 30, 2012 |
| Hamilton Investments, LP | Other Private Fund | $79.7M | 70 | Mar 31, 2014 |
| Soho Satellite Fund, LPno longer reported | Hedge Fund | $68.2M | 2 | Mar 30, 2012 |
| Two Sigma Horizon Cayman Portfolio, LLC | Hedge Fund | $65.4M | 744 | Mar 28, 2024 |
| Two Sigma Compass Enhanced Cayman Fund, Ltd. | Hedge Fund | $61.5M | 13 | Mar 30, 2012 |
| Two Sigma Fund, LP | Hedge Fund | $55.3M | 15 | Mar 30, 2012 |
| Two Sigma Eclipse U.S. Fund, LP | Hedge Fund | $42.7M | 9 | Mar 30, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Albert John Overdeck · Co-Chairman And Co-Chief Executive Officer, Chief Investment Officercontrolsince 05/2001 · owns less than 5%
- Mark David Siegel · Co-Chairman And Co-Chief Executive Officercontrolsince 07/2001 · owns less than 5%
- Albert John Overdeck · Trusteecontrolsince 12/2007 · owns F of John A. Overdeck Revocable Trust
- Mark David Siegel · Trusteecontrolsince 12/2007 · owns F of David M. Siegel Revocable Trust
- P Geoffrey Duncombe · Chief Investment Officer Of Macrosince 07/2021 · owns less than 5%
- Mayberry Carter Lyons · Chief Business Officersince 02/2020 · owns less than 5%
- Hamilton Steve Metzger · Co-General Counselsince 07/2023 · owns less than 5%
- Nmn Ali-Milan Nekmouche · Chief Investment Officer Of Equitiessince 07/2023 · owns less than 5%
- Nmn Carsten Otto · Chief Compliance Officersince 11/2016 · owns less than 5%
- Satish Ramakrishna · Chief Risk Officersince 12/2018 · owns less than 5%
- John Timothy Reynolds · Chief Operating Officersince 07/2023 · owns less than 5%
- Marie Dawn Schoppner · Chief Financial Officersince 09/2010 · owns less than 5%
- Chen Yu Gregory Shih · Co-General Counselsince 07/2023 · owns less than 5%
Entity owners
- David M. Siegel Revocable Trust · Limited Partnerdirect · owns 25% to 50%
- John A. Overdeck Revocable Trust · Limited Partnerdirect · owns 25% to 50%
- Two Sigma Management, LLC · General Partnerdirect · owns less than 5%
- David M. Siegel Revocable Trust · Memberindirect · owns 25% to 50% of Two Sigma Management, LLC
- John A. Overdeck Revocable Trust · Memberindirect · owns 25% to 50% of Two Sigma Management, LLC
- Shinrai Ptc LLC · Trustee Of Sudachi Trustdirect · owns 5% to 10%
- Sudachi Trust · Limited Partnerdirect · owns 5% to 10%
- Sunburst Trust · Limited Partnerdirect · owns 5% to 10%
- Sunflower Ptc LLC · Trustee Of Sunburst Trustdirect · owns 5% to 10%
- Frontier Directed Fiduciary Services LLC · Trusteeindirect · owns F of Shinrai Special Purpose Trust I
- Frontier Directed Fiduciary Services LLC · Trusteeindirect · owns F of Sunflower Special Purpose Trust I
- Shinrai Ptc LLC · Trusteeindirect · owns F of Sudachi Trust
- Shinrai Special Purpose Trust I · Memberindirect · owns 75% or more of Shinrai Ptc LLC
- Shinrai Special Purpose Trust II · Managerindirect · owns F of Shinrai Ptc LLC
- Sunflower Ptc LLC · Trusteeindirect · owns F of Sunburst Trust
- Sunflower Special Purpose Trust I · Memberindirect · owns 75% or more of Sunflower Ptc LLC
- Sunflower Special Purpose Trust II · Managerindirect · owns F of Sunflower Ptc LLC
Related persons
Schedule D 7.A
- Sightway Capital I Gp, LPbankpooled vehicle sponsorn
- Swc Mp Investments Gp, LPpooled vehicle sponsorn
- Tspi, LPinvestment advisernRAUM $1.9B
- Two Sigma Advisers, LPinvestment adviserbankpooled vehicle sponsornRAUM $74B
- Two Sigma China Co., Ltd.investment adviserpooled vehicle sponsory
- Two Sigma Impact Co-Invest Cms Gp, LPpooled vehicle sponsorn
- Two Sigma Impact Co-Invest Pf Gp, LPpooled vehicle sponsorn
- Two Sigma Impact Fund Gp, LPpooled vehicle sponsorn
- Two Sigma Institutional Partners, LLCpooled vehicle sponsorn
- Two Sigma International Limitedinvestment advisery
- Two Sigma Investor Solutions, LPinvestment adviserbankn
- Two Sigma Management, LLCpooled vehicle sponsory
- Two Sigma Principals, LLCpooled vehicle sponsorn
- Two Sigma Private Investments, LLCbankpooled vehicle sponsorn
- Two Sigma Real Estate Gp I, LPpooled vehicle sponsorn
- Two Sigma Real Estate Poc Gp I, LPpooled vehicle sponsorn
- Two Sigma Real Estate Poc Gp II, LPpooled vehicle sponsorn
- Two Sigma Real Estate Poc Gp III, LPpooled vehicle sponsorn
- Two Sigma Real Estate Poc Gp IV, LPpooled vehicle sponsorn
- Two Sigma Real Estate Poc Gp V, LPpooled vehicle sponsorn
- Two Sigma Securities Uk Limitedbroker-dealern
- Two Sigma Securities, LLCbroker-dealern
- Two Sigma Ventures Co-Invest Fund Gp, LLCpooled vehicle sponsorn
- Two Sigma Ventures III Gp, LLCpooled vehicle sponsorn
- Two Sigma Ventures IV Gp, LLCpooled vehicle sponsorn
- Two Sigma Ventures Maple Fund I Gp, LLCpooled vehicle sponsorn
- Two Sigma Ventures Opportunity Fund Gp, LLCpooled vehicle sponsorn
- Two Sigma Ventures Opportunity Fund II Gp, LLCpooled vehicle sponsorn
- Two Sigma Ventures, LPinvestment advisernRAUM $2.2B
Advisers that list Two Sigma Investments, LP as a related person
Offices
Schedule D 1.F, the 25 largest
- London, United Kingdom46 employees
- New York, NY36 employees
- Palm Beach Gardens, FL2 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- private fund count surgeChange between filings · filing Mar 31, 2026private funds (Schedule D 7.B.1) moved from 35.0 to 62.0 (+77.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +5.0% (319 comparable advisers, 97.0th percentile of changes)peers: asset managers, $20B and over (319) · 97% percentile
- RAUM up 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $110,281,140,166 to $232,818,912,899 (+111.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +15.0% (471 comparable advisers, 98.0th percentile of changes)peers: asset managers, $20B and over (471) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 20 to 42Jan 30, 2026 to Mar 31, 2026
- Advisory employees · 749 to 784Jan 30, 2026 to Mar 31, 2026
- Advisory activities · 1 to 3Jan 30, 2026 to Mar 31, 2026
- BD registered reps · 131 to 116Jan 30, 2026 to Mar 31, 2026
- Corporate clients · 0 to 1Jan 30, 2026 to Mar 31, 2026
- Pooled vehicle clients · 20 to 39Jan 30, 2026 to Mar 31, 2026
- Assets in custody · $31B to $70BJan 30, 2026 to Mar 31, 2026
- Employees · 1,575 to 1,555Jan 30, 2026 to Mar 31, 2026
- Private funds · 37 to 62Jan 30, 2026 to Mar 31, 2026
- Discretionary RAUM · $110B to $233BJan 30, 2026 to Mar 31, 2026
- Pooled vehicle RAUM · $110B to $229BJan 30, 2026 to Mar 31, 2026
- RAUM · $110B to $233BJan 30, 2026 to Mar 31, 2026
- Private funds · 35 to 37Jul 25, 2025 to Nov 20, 2025
- Financial planning clients · unset to May 8, 2025 to Jul 25, 2025
- Accounts · 17 to 20Jan 17, 2025 to Mar 31, 2025
- Advisory employees · 866 to 749Jan 17, 2025 to Mar 31, 2025
- BD registered reps · 160 to 131Jan 17, 2025 to Mar 31, 2025
- Pooled vehicle clients · 17 to 20Jan 17, 2025 to Mar 31, 2025
- Assets in custody · $25B to $31BJan 17, 2025 to Mar 31, 2025
- Employees · 1,954 to 1,575Jan 17, 2025 to Mar 31, 2025
- Other offices · 3 to 2Jan 17, 2025 to Mar 31, 2025
- Private funds · 34 to 35Jan 17, 2025 to Mar 31, 2025
- Discretionary RAUM · $84B to $110BJan 17, 2025 to Mar 31, 2025
- Pooled vehicle RAUM · $84B to $110BJan 17, 2025 to Mar 31, 2025
- RAUM · $84B to $110BJan 17, 2025 to Mar 31, 2025
- Private funds · 33 to 34Apr 26, 2024 to Aug 7, 2024
- Accounts · 18 to 17Jul 14, 2023 to Mar 28, 2024
- Advisory employees · 842 to 866Jul 14, 2023 to Mar 28, 2024
- BD registered reps · 169 to 160Jul 14, 2023 to Mar 28, 2024
- Pooled vehicle clients · 18 to 17Jul 14, 2023 to Mar 28, 2024
- Assets in custody · $26B to $25BJul 14, 2023 to Mar 28, 2024
- Employees · 1,965 to 1,954Jul 14, 2023 to Mar 28, 2024
- Other offices · 2 to 3Jul 14, 2023 to Mar 28, 2024
- Discretionary RAUM · $71B to $84BJul 14, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $71B to $84BJul 14, 2023 to Mar 28, 2024
- RAUM · $71B to $84BJul 14, 2023 to Mar 28, 2024
- Accounts · 17 to 18Feb 24, 2023 to Mar 31, 2023
- Advisory employees · 679 to 842Feb 24, 2023 to Mar 31, 2023
- BD registered reps · 125 to 169Feb 24, 2023 to Mar 31, 2023
- Pooled vehicle clients · 17 to 18Feb 24, 2023 to Mar 31, 2023
Signals
3 dated events
- Two Sigma Investments, Lp reported RAUM $232.8B, up 111% from $110.3B (2026-01-30 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Two Sigma Investments, Lp reported RAUM $110.3B, up 31% from $84.0B (2025-01-17 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- Two Sigma Investments, Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)Mar 1, 2016 · Succession (Item 4) · fact
Across DFX
shared identifiers only, never a name match
- TWO Sigma Investments, LP · Private Equityshared crd · intermediary
- TWO Sigma Investments, LP · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/two-sigma-investmentsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- twosigma.cnreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (212) 625-5700reportedpublic record, Form ADV, Mar 31, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026