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Asset Manager ← All Institutions

HBK INVESTMENTS L P

Q2 2025 · Filed 2026-05-15
Market Value
$1.9B
-61.0%
Holdings
104
-1
New Purchases
36
Added To
15
Closed
39
Reduced
12
Top 10 Concentration
88.1%
Turnover
72.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HES 64.65% 23.75% +40.90% $1.2B
ARKB 6.06% 1.36% +4.71% $117M
GMS 3.97% 0.00% +3.97% $77M
FBTC 3.80% 0.64% +3.16% $73M
UBER 2.32% 0.68% +1.63% $45M
ETH 1.31% 0.00% +1.31% $25M
RYAAY 1.27% 0.00% +1.27% $24M
NWSA 1.78% 0.61% +1.17% $34M
BUD 1.47% 0.51% +0.96% $28M
FETH 1.04% 0.12% +0.92% $20M
SOLV 1.42% 0.53% +0.89% $27M
WBD 1.06% 0.34% +0.72% $20M
CON 0.93% 0.34% +0.60% $18M
BTC 0.56% 0.00% +0.56% $11M
QXO 0.56% 0.00% +0.56% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
K 0.00% 16.67% -16.67% $0
ITCI 0.00% 11.69% -11.69% $0
BERY 0.00% 8.10% -8.10% $0
BECN 0.00% 7.66% -7.66% $0
ESGR 0.00% 4.94% -4.94% $0
PYCR 0.00% 4.06% -4.06% $0
FYBR 0.00% 3.78% -3.78% $0
DFS 0.00% 2.06% -2.06% $0
HEES 0.00% 1.81% -1.81% $0
AZEK 0.00% 1.74% -1.74% $0
IPG 0.00% 1.51% -1.51% $0
EVRI 0.00% 1.00% -1.00% $0
IWM 0.00% 0.83% -0.83% $0
SLB 0.00% 0.49% -0.49% $0
EWZ 0.00% 0.41% -0.41% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 8 $14M 0.7%
Large Cap 31 $1.5B 80.1%
Mid Cap 40 $296M 15.3%
Small Cap 19 $53M 2.7%
Micro Cap 6 $22M 1.1%

Portfolio Analytics

Avg Market Cap
$249.3B
Median Market Cap
$7.5B
Avg P/E
60.0
Median P/E
26.0
Avg Dividend Yield
0.01%
Avg Beta
1.34
# Stocks
91
# ETFs / Funds
13

Top Holdings (104 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HES 64.65% 9,000,100 $1.2B $138.54 $72M +1,644,200 +22.4%
2 ARKB 6.06% 3,267,144 $117M $35.79 $50M +2,449,976 +299.8%
3 GMS 3.97% 704,721 $77M $108.75 — +704,721 — NEW
4 FBTC 3.80% 780,164 $73M $93.99 $42M +339,498 +77.0%
5 UBER 2.32% 479,421 $45M $93.30 $11M +14,538 +3.1%
6 NWSA 1.78% 1,156,250 $34M $29.72 $4M +46,250 +4.2%
7 BUD 1.47% 412,652 $28M $68.72 $3M — —
8 SOLV 1.42% 361,984 $27M $75.84 $1M +14,330 +4.1%
9 ETH 1.31% 1,066,160 $25M $23.72 — +1,066,160 — NEW
10 RYAAY 1.27% 423,822 $24M $57.67 — +423,822 — NEW
11 WBD 1.06% 1,786,438 $20M $11.46 $4M +206,438 +13.1%
12 FETH 1.04% 794,238 $20M $25.17 $14M +477,445 +150.7%
13 CON 0.93% 876,155 $18M $20.57 $1M +110,045 +14.4%
14 BITB 0.76% 251,122 $15M $58.59 $3M -9,100 -3.5%
15 SNDK 0.64% 274,123 $12M $45.35 $2M +65,002 +31.1%
16 MRP 0.59% 400,000 $11M $28.51 $800K — —
17 ACHR 0.56% 1,000,000 $11M $10.85 $185K -500,000 -33.3%
18 BTC 0.56% 226,705 $11M $47.75 — +226,705 — NEW
19 QXO 0.56% 500,000 $11M $21.54 — +500,000 — NEW
20 BTSG 0.55% 450,000 $11M $23.59 $3M +50,000 +12.5%
21 ETHW 0.49% 518,337 $9M $18.06 $4M +105,035 +25.4%
22 PGRE 0.42% 1,316,460 $8M $6.10 -$4M -1,475,314 -52.9%
23 TRIP 0.36% 525,000 $7M $13.05 -$234K +25,000 +5.0%
24 DLR 0.33% 37,000 $6M $174.33 — +37,000 — NEW
25 AACB 0.26% 500,000 $5M $10.12 — +500,000 — NEW
26 SITM 0.25% 22,500 $5M $213.08 — +22,500 — NEW
27 CAEP 0.22% 400,000 $4M $10.55 — +400,000 — NEW
28 PMTRU 0.22% 400,000 $4M $10.55 — +400,000 — NEW
29 ETHA 0.20% 199,020 $4M $19.07 — +199,020 — NEW
30 SIRI 0.19% 157,904 $4M $22.97 -$11M -484,181 -75.4%
31 DDOG 0.17% 25,024 $3M $134.33 $597K -2,840 -10.2%
32 CEPO 0.11% 175,000 $2M $11.90 -$479K -75,000 -30.0%
33 HNGE 0.11% 40,000 $2M $51.75 — +40,000 — NEW
34 KRT 0.10% 70,000 $2M $28.16 — +70,000 — NEW
35 GPN 0.09% 20,926 $2M $80.04 -$7M -65,470 -75.8%
36 WDC 0.09% 26,041 $2M $63.99 -$6M -159,905 -86.0%
37 CEPT 0.09% 150,000 $2M $11.03 — +150,000 — NEW
38 SCCO 0.08% 15,000 $2M $101.17 — +15,000 — NEW
39 WELL 0.07% 9,244 $1M $153.73 — +9,244 — NEW
40 OMDA 0.07% 75,000 $1M $18.30 — +75,000 — NEW
41 CHYM 0.06% 34,500 $1M $34.51 — +34,500 — NEW
42 LYV 0.06% 7,501 $1M $151.28 — +7,501 — NEW
43 MTH 0.06% 16,189 $1M $66.97 -$140K -1,077 -6.2%
44 BSTZ 0.06% 52,222 $1M $20.75 $177K +1,103 +2.2%
45 PCAPU 0.06% 100,000 $1M $10.72 — +100,000 — NEW
46 ALLT 0.06% 125,000 $1M $8.55 — +125,000 — NEW
47 TSLA 0.05% 3,183 $1M $317.66 $363K +681 +27.2%
48 MIR 0.05% 42,998 $926K $21.53 — +42,998 — NEW
49 BIGZ 0.05% 119,957 $880K $7.34 -$449K -92,423 -43.5%
50 GME 0.04% 28,528 $696K $24.39 — +28,528 — NEW
51 VOYG 0.04% 17,500 $687K $39.25 — +17,500 — NEW
52 TTAN 0.03% 5,000 $536K $107.18 — +5,000 — NEW
53 LOAR 0.02% 5,000 $431K $86.17 — +5,000 — NEW
54 OKLO 0.02% 7,500 $420K $55.99 — +7,500 — NEW
55 CAI 0.02% 11,000 $294K $26.72 — +11,000 — NEW
56 NVDA 0.01% 1,821 $288K $157.99 -$172K -2,424 -57.1%
57 ASIC 0.01% 12,002 $258K $21.52 — +12,002 — NEW
58 KVYO 0.01% 7,500 $252K $33.58 — +7,500 — NEW
59 LLYVK 0.01% 2,976 $242K $81.16 — +2,976 — NEW
60 AIRO 0.01% 10,000 $241K $24.07 — +10,000 — NEW
61 RKLB 0.01% 6,300 $225K $35.77 — +6,300 — NEW
62 NEE 0.01% 3,217 $223K $69.42 — +3,217 — NEW
63 AMZN 0.01% 1,011 $222K $219.39 -$67K -508 -33.4%
64 GLXY 0.01% 10,000 $219K $21.90 — +10,000 — NEW
65 SLDE 0.01% 10,000 $217K $21.66 — +10,000 — NEW
66 HEES —% — — — -$89M -944,173 -100.0% SOLD
67 MSFT —% — — — -$233K -622 -100.0% SOLD
68 GTES —% — — — -$4M -200,000 -100.0% SOLD
69 PYCR —% — — — -$201M -8,952,865 -100.0% SOLD
70 AAPL —% — — — -$226K -1,017 -100.0% SOLD
71 LCII —% — — — -$2M -23,580 -100.0% SOLD
72 SLB —% — — — -$24M -584,769 -100.0% SOLD
73 GOOGL —% — — — -$287K -1,858 -100.0% SOLD
74 BROS —% — — — -$12M -200,000 -100.0% SOLD
75 AZEK —% — — — -$86M -1,763,986 -100.0% SOLD
76 LPLA —% — — — -$3M -10,000 -100.0% SOLD
77 QDEL —% — — — -$17M -482,701 -100.0% SOLD
78 BBIO —% — — — -$519K -15,000 -100.0% SOLD
79 ADT —% — — — -$1M -160,000 -100.0% SOLD
80 FTRE —% — — — -$1M -191,992 -100.0% SOLD
81 MAGN —% — — — -$5M -278,069 -100.0% SOLD
82 BMEZ —% — — — -$421K -28,266 -100.0% SOLD
83 VALE —% — — — -$15M -1,510,000 -100.0% SOLD
84 LOKVU —% — — — -$4M -400,000 -100.0% SOLD
85 BECN —% — — — -$379M -3,065,000 -100.0% SOLD
86 K —% — — — -$824M -9,994,462 -100.0% SOLD
87 EWZ —% — — — -$20M -780,500 -100.0% SOLD
88 META —% — — — -$310K -537 -100.0% SOLD
89 LGF-B —% — — — -$3M -379,163 -100.0% SOLD
90 LTH —% — — — -$1M -40,000 -100.0% SOLD
91 PTON —% — — — -$1M -198,296 -100.0% SOLD
92 CRWV —% — — — -$6M -150,000 -100.0% SOLD
93 SAIL —% — — — -$7M -350,000 -100.0% SOLD
94 ED —% — — — -$2M -15,000 -100.0% SOLD
95 DFS —% — — — -$102M -596,072 -100.0% SOLD
96 SGRY —% — — — -$10M -434,915 -100.0% SOLD
97 ESGR —% — — — -$245M -735,752 -100.0% SOLD
98 EVRI —% — — — -$50M -3,633,557 -100.0% SOLD
99 IWM —% — — — -$41M -204,886 -100.0% SOLD
100 KRMN —% — — — -$3M -100,000 -100.0% SOLD

Options Breakdown

26 Calls $352M Call Value 73 Puts $1.6B Put Value 4.64 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 300,000 $185M
CVX 249,300 $36M
CNK 826,900 $25M
SIRI 937,600 $22M
DDOG 154,000 $21M
IWM 80,200 $17M NEW
XOP 83,300 $10M NEW
GME 385,200 $9M NEW
UBER 56,000 $5M
PTON 626,000 $4M

Top Puts

SymbolSharesValueStatus
SPY 587,200 $363M
GLD 667,200 $203M
MSTR 365,700 $148M
XOP 869,000 $109M
TSM 338,900 $77M
IWM 303,200 $65M
DASH 264,100 $65M NEW
IBIT 1,043,900 $64M
NVDA 352,300 $56M
CNK 1,424,300 $43M

New Positions

SymbolValue% Port
GMS $77M 3.97%
ETH $25M 1.31%
RYAAY $24M 1.27%
BTC $11M 0.56%
QXO $11M 0.56%
DLR $6M 0.33%
AACB $5M 0.26%
SITM $5M 0.25%
CAEP $4M 0.22%
PMTRU $4M 0.22%
ETHA $4M 0.20%
HNGE $2M 0.11%
KRT $2M 0.10%
CEPT $2M 0.09%
SCCO $2M 0.08%

Sold Out Positions

SymbolValue% Port
ED — —%
BROS — —%
BMEZ — —%
LCII — —%
LTH — —%
SLB — —%
VALE — —%
ADT — —%
GTES — —%
KRMN — —%
MAGN — —%
CRWV — —%
FTRE — —%
BBIO — —%
AAPL — —%
View SEC EDGAR Filings for HBK INVESTMENTS L P →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms