IBOC β€” INTERNATIONAL BANCSHARES COR

Ownership history in TWO SIGMA SECURITIES, LLC  Β·  6 quarters on record

This page tracks every 13F SEC filing in which TWO SIGMA SECURITIES, LLC reported a position in INTERNATIONAL BANCSHARES COR (IBOC). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.05% (2017 Q2)
πŸ“Š Avg. % of fund
0.02%
πŸ“… First filed
2017 Q2
πŸ“… Last filed
2025 Q3
⏱ Quarters held
6

Position Intelligence

TWO SIGMA SECURITIES, LLC Γ— IBOC AI Analytics

πŸ“‰ TWO SIGMA SECURITIES, LLC underperformed the S&P 500 by –38.2% annually on this IBOC position. Timing score: 60% (3/5 decisions correct). Average cost basis: $30.76. Maximum drawdown during holding period: –0.0%.

πŸ“ˆ Position Alpha vs SPY
-38.2%
annualised excess return

❌ Significantly underperformed the S&P 500 by 38.2% ann.
5 quarters analyzed

⏱️ Timing Score
60%

βœ… Decent timing β€” more right than wrong on entries and exits.
3 of 5 add/trim decisions correct

πŸ’° Entry Quality
$30.76
+121.3% vs current ($68.06)

Best entry: $27.80 (2017 Q2)  Β·  Worst: $54.84 (2024 Q2)

πŸ›‘οΈ Drawdown Resilience
–0.0%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
50%
buy-side decisions

3 adds Β· 3 trims. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.03% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    IBOC price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 6 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 3,244 -914 -22.0% 0.03% $223K $68.06
2024 Q3 REDUCED 4,158 -657 -13.6% 0.00% $249K $57.97
2024 Q2 ADDED 4,815 +829 +20.8% 0.00% $275K $54.84
2023 Q4 REDUCED 3,986 -5,879 -59.6% 0.00% $217K $51.41
2017 Q3 ADDED 9,865 +2,170 +28.2% 0.04% $396K $32.07
2017 Q2 INITIATED 7,695 β€” β€” 0.05% $270K $27.80
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