David A. Siegel Packaged Foods

Two Sigma Advisers, LP

$47 Billion
Q3 2025

Stock List

Stock	Market Cap.	Holding Value (Reported)	# of Shares.	Last Trade
CAG Conagra Brands Inc.	$8.36B	$177 Million 0.38% of portfolio	9,642,900	Q3 2025 Added 53.34%
SJM J M Smucker CO	$11.6B	$163 Million 0.35% of portfolio	1,496,592	Q3 2025 New
CPB Campbell Soup CO	$9.38B	$135 Million 0.29% of portfolio	4,267,400	Q3 2025 Added 183.21%
HRL Hormel Foods Corp	$12.4B	$103 Million 0.22% of portfolio	4,162,100	Q3 2025 Added 76.05%
GIS General Mills Inc	$28.1B	$57.8 Million 0.12% of portfolio	1,145,700	Q3 2025 Reduced 27.26%
PPC Pilgrims Pride Corp	$8.87B	$21.1 Million 0.04% of portfolio	517,100	Q3 2025 Added 1,199.25%
POST Post Holdings, Inc.	$6.38B	$20.4 Million 0.04% of portfolio	189,715	Q3 2025 New
NOMD Nomad Foods LTD	$2.1B	$18.1 Million 0.04% of portfolio	1,378,300	Q3 2025 Added 17.13%
LANC Lancaster Colony Corp	$5B	$14.9 Million 0.03% of portfolio	82,000	Q3 2025 Added 139.77%

INGR Ingredion Inc	$7.05B	$13.9 Million 0.03% of portfolio	114,000	Q3 2025 Added 23.64%
JBSS Sanfilippo John B & Son Inc	$612M	$10.4 Million 0.02% of portfolio	161,400	Q3 2025 Added 60.12%
FLO Flowers Foods Inc	$2.41B	$8.69 Million 0.02% of portfolio	665,700	Q3 2025 Added 349.19%
HLF Herbalife Nutrition Ltd.	$903M	$7.83 Million 0.02% of portfolio	927,800	Q3 2025 Added 34.93%
BGS B&G Foods, Inc.	$328M	$7.32 Million 0.02% of portfolio	1,651,800	Q3 2025 Added 19.81%
LW Lamb Weston Holdings, Inc.	$8.2B	$6.96 Million 0.01% of portfolio	119,900	Q3 2025 Reduced 69.26%
THS Tree House Foods, Inc.	$1.34B	$5.57 Million 0.01% of portfolio	275,500	Q3 2025 Added 82.45%
DAR Darling Ingredients Inc.	$5.57B	$4.6 Million 0.01% of portfolio	149,000	Q3 2025 Added 1,786.08%
SMPL Simply Good Foods CO	$1.96B	$4.38 Million 0.01% of portfolio	176,500	Q3 2025 New

UTZ Utz Brands, Inc.	$850M	$3.48 Million 0.01% of portfolio	286,800	Q3 2025 Added 1.2%
HAIN Hain Celestial Group Inc	$121M	$2.9 Million 0.01% of portfolio	1,835,500	Q3 2025 Added 15.0%
JJSF J&J Snack Foods Corp	$1.59B	$2.43 Million 0.01% of portfolio	25,300	Q3 2025 New
SENEA Seneca Foods Corp	$757M	$2.22 Million 0.0% of portfolio	20,600	Q3 2025 Added 26.38%
USNA Usana Health Sciences Inc	$368M	$2.21 Million 0.0% of portfolio	80,300	Q3 2025 Added 469.5%
CENTA Central Garden & Pet Company C	$1.19B	$1.97 Million 0.0% of portfolio	66,850	Q3 2025 Added 356.31%
STKL Sun Opta Inc.	$444M	$749,000 0.0% of portfolio	127,924	Q3 2025 New
LWAY Lifeway Foods, Inc.	$347M	$711,000 0.0% of portfolio	25,900	Q3 2025 New
FRPT Freshpet, Inc.	$2.56B	$677,000 0.0% of portfolio	12,300	Q3 2025 Reduced 55.11%
LFVN Lifevantage Corp	$83M	$427,000 0.0% of portfolio	43,900	Q3 2025 Added 32.23%
BRBR Bellring Brands, Inc.	$3.65B	$381,000 0.0% of portfolio	10,500	Q3 2025 New
KHC Kraft Heinz CO	$30.4B	$231,000 0.0% of portfolio	8,900	Q3 2025 Reduced 92.95%

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David A. Siegel

David A. Siegel is the co-founder and CEO of Two Sigma Advisers, a successful investment firm that uses technology and data-driven approaches to investing. Siegel is known for his expertise in quantitative investing and his innovative approach to investing. He has generated strong returns for his clients over the long term.

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