TWO
Two Harbors Investment Corp. · Real Estate · REIT - Mortgage
Momentum inputs (comparable managers):
holder breadth +30.0% ·
share flow -3.8% ·
net new positions +20.0%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 79 | +3 | 54.28M | $672.17M | +7 | −5 |
| Q1 2026 | 80 | 0 | 55.40M | $630.68M | +6 | −7 |
| Q4 2025 | 81 | 0 | 63.93M | $671.39M | +4 | −3 |
| Q3 2025 | 15 | +3 | 40.42M | $398.90M | +3 | −1 |
| Q2 2025 | 10 | -2 | 38.04M | $409.65M | — | −2 |
| Q1 2025 | 9 | +3 | 9.03M | $120.59M | +3 | — |
| Q4 2024 | 6 | -3 | 9.38M | $111.00M | — | −3 |
| Q3 2024 | 8 | 0 | 4.77M | $66.19M | +1 | −1 |
| Q2 2024 | 8 | — | 5.00M | $65.99M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | State Street Global Advisors ✦ (passive) | 3.97M | -8.1% | $53.02M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 2.50M | +3.7% | $33.35M | 0.0% | ▲ Add | 4 | SEC ↗ ×2 |
| 3 | Millennium Management ✦ | 1.21M | +10.6% | $16.12M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 4 | Two Sigma Investments ✦ | 458.52K | New | $6.13M | 0.0% | New | 1 | SEC ↗ |
| 5 | Citadel Advisors ✦ | 297.09K | -74.2% | $3.97M | 0.0% | ▼ Trim | 4 | SEC ↗ ×2 |
| 6 | Renaissance Technologies ✦ | 263.26K | New | $3.52M | 0.0% | New | 1 | SEC ↗ |
| 7 | Norges Bank ✦ (passive) | 217.92K | -33.9% | $2.91M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 8 | T. Rowe Price ✦ | 92.32K | +5.3% | $1.23M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 9 | AQR Capital Management ✦ | 25.73K | New | $343,820 | 0.0% | New | 1 | SEC ↗ ×4 |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Two Sigma Investments | $6.13M | 0.0% |
| Renaissance Technologies | $3.52M | 0.0% |
| AQR Capital Management | $343,820 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 228 holders, 79.81M shares, $889.69M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.