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Asset Manager ← All Institutions

HBK INVESTMENTS L P

Q3 2025 · Filed 2026-09-16
Market Value
$5.9B
+19.1%
Holdings
160
+36
New Purchases
71
Added To
15
Closed
51
Reduced
14
Top 10 Concentration
70.6%
Turnover
76.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CYBR 19.34% 0.00% +19.34% $1.1B
VRNA 7.75% 0.00% +7.75% $455M
GTLS 7.25% 0.00% +7.25% $426M
NSC 6.50% 0.00% +6.50% $382M
LBRDK 6.14% 0.00% +6.14% $361M
DAY 5.05% 0.00% +5.05% $296M
MRUS 4.57% 0.00% +4.57% $268M
COOP 3.45% 0.00% +3.45% $203M
AL 2.98% 0.00% +2.98% $175M
MTSR 2.85% 0.00% +2.85% $167M
AHL 2.26% 0.00% +2.26% $133M
FYBR 2.24% 0.00% +2.24% $132M
IPG 5.03% 2.97% +2.06% $295M
SCS 1.62% 0.00% +1.62% $95M
SPNS 1.43% 0.00% +1.43% $84M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HES 0.00% 25.29% -25.29% $0
K 2.79% 14.01% -11.21% $164M
BPMC 0.00% 8.32% -8.32% $0
AZEK 0.00% 7.76% -7.76% $0
ESGR 0.00% 5.07% -5.07% $0
CHX 0.00% 4.28% -4.28% $0
DNB 0.00% 3.96% -3.96% $0
SKX 0.00% 3.00% -3.00% $0
SWTX 0.00% 2.49% -2.49% $0
GMS 0.00% 1.55% -1.55% $0
RDFN 0.00% 1.29% -1.29% $0
EVRI 0.00% 1.22% -1.22% $0
ANSS 0.00% 1.21% -1.21% $0
FBTC 0.56% 1.49% -0.92% $33M
RYAAY 0.00% 0.50% -0.50% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $27M 0.5%
Large Cap 40 $3.3B 56.2%
Mid Cap 54 $2.3B 38.7%
Small Cap 36 $239M 4.1%
Micro Cap 25 $35M 0.6%

Portfolio Analytics

Avg Market Cap
$84.2B
Median Market Cap
$3.8B
Avg P/E
45.7
Median P/E
30.7
Avg Dividend Yield
0.01%
Avg Beta
1.19
# Stocks
144
# ETFs / Funds
16

Top Holdings (160 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CYBR 19.34% 2,350,000 $1.1B $483.15 — +2,350,000 — NEW
2 VRNA 7.75% 4,263,576 $455M $106.71 — +4,263,576 — NEW
3 GTLS 7.25% 2,127,875 $426M $200.15 — +2,127,875 — NEW
4 NSC 6.50% 1,270,000 $382M $300.41 — +1,270,000 — NEW
5 LBRDK 6.14% 5,675,000 $361M $63.54 — +5,675,000 — NEW
6 INFA 5.49% 12,973,197 $322M $24.84 $120M +4,674,291 +56.3%
7 DAY 5.05% 4,300,000 $296M $68.89 — +4,300,000 — NEW
8 IPG 5.03% 10,580,062 $295M $27.91 $149M +4,589,414 +76.6%
9 MRUS 4.57% 2,850,000 $268M $94.15 — +2,850,000 — NEW
10 COOP 3.45% 950,000 $203M $213.18 — +950,000 — NEW
11 AL 2.98% 2,750,000 $175M $63.65 — +2,750,000 — NEW
12 MTSR 2.85% 3,200,000 $167M $52.33 — +3,200,000 — NEW
13 K 2.79% 2,000,000 $164M $82.02 -$527M -6,685,000 -77.0%
14 AHL 2.26% 3,613,639 $133M $36.71 — +3,613,639 — NEW
15 FYBR 2.24% 3,525,000 $132M $37.35 — +3,525,000 — NEW
16 ARKB 2.11% 3,252,037 $124M $38.02 $7M -15,107 -0.5%
17 SCS 1.62% 5,546,945 $95M $17.20 — +5,546,945 — NEW
18 SPNS 1.43% 1,950,865 $84M $43.00 — +1,950,865 — NEW
19 VRNT 0.94% 2,722,862 $55M $20.25 — +2,722,862 — NEW
20 UBER 0.83% 497,243 $49M $97.97 $4M +17,822 +3.7%
21 FETH 0.80% 1,126,139 $47M $41.55 $27M +331,901 +41.8%
22 NWSA 0.63% 1,203,557 $37M $30.71 $3M +47,307 +4.1%
23 WBD 0.58% 1,750,000 $34M $19.53 $14M -36,438 -2.0%
24 FBTC 0.56% 331,272 $33M $99.81 -$40M -448,892 -57.5%
25 SOLV 0.48% 385,642 $28M $73.00 $699K +23,658 +6.5%
26 SNDK 0.45% 234,694 $26M $112.20 $14M -39,429 -14.4%
27 ETHW 0.42% 833,682 $25M $29.82 $15M +315,345 +60.8%
28 TFX 0.42% 199,912 $24M $122.36 — +199,912 — NEW
29 CON 0.31% 870,548 $18M $20.93 $198K -5,607 -0.6%
30 BATRK 0.30% 427,731 $18M $41.59 -$2M +6,833 +1.6%
31 BITB 0.27% 251,122 $16M $62.22 $912K — —
32 DLR 0.21% 71,022 $12M $172.88 $6M +34,022 +92.0%
33 ETH 0.21% 311,141 $12M $39.18 -$13M -755,019 -70.8%
34 BTC 0.20% 226,705 $11M $50.63 $653K — —
35 BUD 0.19% 185,798 $11M $59.61 -$17M -226,854 -55.0%
36 HIMS 0.17% 178,807 $10M $56.72 — +178,807 — NEW
37 ACHR 0.16% 1,000,000 $10M $9.58 -$1M — —
38 LGN 0.14% 260,000 $8M $30.81 — +260,000 — NEW
39 BTSG 0.13% 250,000 $7M $29.56 -$3M -200,000 -44.4%
40 JENA 0.12% 700,000 $7M $10.15 — +700,000 — NEW
41 PR 0.12% 550,000 $7M $12.80 — +550,000 — NEW
42 TRIP 0.12% 417,160 $7M $16.26 -$68K -107,840 -20.5%
43 AEXA 0.09% 500,000 $5M $10.93 — +500,000 — NEW
44 DJT 0.09% 314,716 $5M $16.42 — +314,716 — NEW
45 BEAG 0.09% 496,589 $5M $10.40 -$70K -3,411 -0.7%
46 GTEN 0.09% 500,000 $5M $10.21 — +500,000 — NEW
47 CEPF 0.09% 499,999 $5M $10.19 — +499,999 — NEW
48 AACB 0.09% 499,998 $5M $10.18 $30K -2 —
49 DMIIU 0.08% 500,000 $5M $9.95 — +500,000 — NEW
50 LION 0.08% 698,555 $5M $6.90 $3M +328,865 +89.0%
51 ETHV 0.07% 72,028 $4M $60.93 — +72,028 — NEW
52 SPYM 0.07% 54,870 $4M $78.34 — +54,870 — NEW
53 SKYA 0.07% 769,231 $4M $5.40 — +769,231 — NEW
54 CAEP 0.07% 400,000 $4M $10.32 -$92K — —
55 PMTR 0.07% 400,000 $4M $10.17 — +400,000 — NEW
56 WAY 0.06% 100,000 $4M $37.92 — +100,000 — NEW
57 NTSK 0.06% 160,000 $4M $22.73 — +160,000 — NEW
58 WDC 0.06% 28,749 $3M $120.06 $2M +2,708 +10.4%
59 STUB 0.06% 200,000 $3M $16.84 — +200,000 — NEW
60 HNGE 0.05% 65,000 $3M $49.08 $1M +25,000 +62.5%
61 FCRS-UN 0.05% 300,000 $3M $10.60 — +300,000 — NEW
62 SDHI 0.05% 300,000 $3M $10.15 $12K — —
63 SOCA 0.05% 300,000 $3M $9.96 — +300,000 — NEW
64 CVLT 0.05% 14,400 $3M $188.78 — +14,400 — NEW
65 ONCH 0.04% 249,304 $3M $10.45 — +249,304 — NEW
66 EVTL 0.04% 500,000 $3M $5.19 — +500,000 — NEW
67 NIO 0.04% 334,760 $3M $7.62 — +334,760 — NEW
68 HVMCU 0.04% 250,000 $3M $10.12 — +250,000 — NEW
69 PAII 0.04% 250,000 $2M $9.96 — +250,000 — NEW
70 NWL 0.04% 448,699 $2M $5.24 — +448,699 — NEW
71 B 0.04% 65,000 $2M $32.77 — +65,000 — NEW
72 NWS 0.03% 57,586 $2M $34.55 — +57,586 — NEW
73 SFD 0.03% 80,000 $2M $23.48 — +80,000 — NEW
74 SCCO 0.03% 15,151 $2M $121.36 $321K +151 +1.0%
75 SLG 0.03% 28,741 $2M $59.81 — +28,741 — NEW
76 WOLF 0.03% 58,826 $2M $28.60 — +58,826 — NEW
77 OMDA 0.03% 75,000 $2M $22.11 $286K — —
78 OLN 0.03% 63,212 $2M $24.99 — +63,212 — NEW
79 GME 0.03% 57,713 $2M $27.28 $879K +29,185 +102.3%
80 LITE 0.03% 9,500 $2M $162.71 — +9,500 — NEW
81 CEPT 0.03% 141,445 $1M $10.51 -$168K -8,555 -5.7%
82 RIG 0.03% 475,000 $1M $3.12 — +475,000 — NEW
83 EZET 0.02% 39,678 $1M $31.59 — +39,678 — NEW
84 FIGX 0.02% 125,002 $1M $9.99 — +125,002 — NEW
85 CEPO 0.02% 110,000 $1M $10.46 -$932K -65,000 -37.1%
86 FOX 0.02% 20,000 $1M $57.29 — +20,000 — NEW
87 IWM 0.02% 4,433 $1M $241.96 — +4,433 — NEW
88 PCAP 0.02% 100,002 $1M $10.27 — +100,002 — NEW
89 HCMA 0.02% 100,002 $1M $10.10 — +100,002 — NEW
90 GT 0.02% 122,000 $913K $7.48 — +122,000 — NEW
91 COCO 0.01% 20,000 $849K $42.47 — +20,000 — NEW
92 CETH 0.01% 40,215 $836K $20.80 — +40,215 — NEW
93 ALNY 0.01% 1,231 $561K $456.00 — +1,231 — NEW
94 VIA 0.01% 10,000 $481K $48.08 — +10,000 — NEW
95 SPY 0.01% 697 $464K $666.18 — +697 — NEW
96 RKLB 0.01% 9,200 $441K $47.91 $215K +2,900 +46.0%
97 LCID 0.01% 16,609 $395K $23.79 — +16,609 — NEW
98 CUBI 0.01% 4,942 $323K $65.37 — +4,942 — NEW
99 WBI —% 10,000 $252K $25.22 — +10,000 — NEW
100 NEE —% 3,217 $243K $75.49 $20K — —

Options Breakdown

31 Calls $581M Call Value 80 Puts $1.7B Put Value 3.01 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 681,500 $454M
DDOG 200,200 $29M
SIRI 1,035,200 $24M
CNK 688,400 $19M
GME 305,600 $8M
WBD 415,000 $8M NEW
COIN 17,800 $6M NEW
UBER 43,500 $4M
ALHC 225,400 $4M
AGNC 400,000 $4M

Top Puts

SymbolSharesValueStatus
NVDA 1,529,400 $285M
SPY 310,700 $207M
GLD 488,900 $174M
QQQ 241,000 $145M
IWM 418,500 $101M
TSM 338,900 $95M
NBIS 692,800 $78M
AGNC 6,959,600 $68M
XOP 495,000 $65M
CPA 466,900 $55M

New Positions

SymbolValue% Port
CYBR $1.1B 19.34%
VRNA $455M 7.75%
GTLS $426M 7.25%
NSC $382M 6.50%
LBRDK $361M 6.14%
DAY $296M 5.05%
MRUS $268M 4.57%
COOP $203M 3.45%
AL $175M 2.98%
MTSR $167M 2.85%
AHL $133M 2.26%
FYBR $132M 2.24%
SCS $95M 1.62%
SPNS $84M 1.43%
VRNT $55M 0.94%

Sold Out Positions

SymbolValue% Port
MTH — —%
QXO — —%
LYV — —%
OKLO — —%
ASIC — —%
MIR — —%
KVYO — —%
MRP — —%
LOAR — —%
VOYG — —%
VIK — —%
FUN — —%
MNTN — —%
BSTZ — —%
GPN — —%
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