Two Sigma trims Nvidia, Apple, and Alphabet while boosting Berkshire Hathaway and financial holdings

Two Sigma Investments, LP reported a total 13F portfolio value of $138.12 billion for the quarter ending June 30, 2026. The quantitative manager executed widespread rebalancing, notably reducing exposure to several large-cap technology names while expanding positions across financial services, select consumer discretionary, and enterprise software.

Among top reductions, Two Sigma cut its position in NVIDIA (NVDA) by 44% down to $1.26 billion, alongside reductions in Apple (AAPL, down 30% to $1.21 billion) and Alphabet (GOOGL, down 49% to $802.89 million). Other sharp technology trims included Broadcom (AVGO, -75% to $211.74 million), Adobe (ADBE, -65% to $224.12 million), Palantir (PLTR, -45% to $413.48 million), and ServiceNow (NOW, -98% to $10.15 million). The fund also scaled back holdings in UnitedHealth Group (UNH, -88% to $81.76 million) and Hershey (HSY, -98% to $7.92 million), while fully closing out a $392.68 million stake in Honeywell International.

On the buying side, the fund significantly boosted its financial sector holdings, lifting Berkshire Hathaway (BRK/B) by 40% to $1.14 billion, Goldman Sachs (GS) by 106% to $762.11 million, and Wells Fargo (WFC) by 359% to $600.48 million. Additional notable expansions included ASML Holding (+22% to $918.14 million), Chipotle Mexican Grill (+125% to $628.54 million), Amgen (+1475% to $408.72 million), and Texas Instruments (+963% to $408.90 million). Notable new entries included Intuit (INTU) at $564.15 million, the Energy Select Sector SPDR ETF (XLE) at $309.07 million, and Space Exploration Technologies (SPCX) at $303.30 million.

Position changes