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Asset Manager ← All Institutions

HBK INVESTMENTS L P

Q3 2025 · Filed 2025-11-14
Market Value
$5.7B
+194.5%
Holdings
122
+18
New Purchases
57
Added To
12
Closed
35
Reduced
12
Top 10 Concentration
73.0%
Turnover
75.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CYBR 19.99% 0.00% +19.99% $1.1B
VRNA 8.01% 0.00% +8.01% $455M
GTLS 7.50% 0.00% +7.50% $426M
NSC 6.72% 0.00% +6.72% $382M
LBRDK 6.35% 0.00% +6.35% $361M
INFA 5.67% 0.00% +5.67% $322M
DAY 5.22% 0.00% +5.22% $296M
IPG 5.20% 0.00% +5.20% $295M
MRUS 4.72% 0.00% +4.72% $268M
COOP 3.57% 0.00% +3.57% $203M
AL 3.08% 0.00% +3.08% $175M
MTSR 2.95% 0.00% +2.95% $167M
K 2.89% 0.00% +2.89% $164M
FYBR 2.32% 0.00% +2.32% $132M
SCS 1.68% 0.00% +1.68% $95M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HES 0.00% 64.65% -64.65% $0
GMS 0.00% 3.97% -3.97% $0
ARKB 2.18% 6.06% -3.89% $124M
FBTC 0.58% 3.80% -3.22% $33M
UBER 0.86% 2.32% -1.46% $49M
BUD 0.20% 1.47% -1.28% $11M
RYAAY 0.00% 1.27% -1.27% $0
NWSA 0.65% 1.78% -1.13% $37M
ETH 0.21% 1.31% -1.10% $12M
SOLV 0.50% 1.42% -0.93% $28M
CON 0.32% 0.93% -0.61% $18M
MRP 0.00% 0.59% -0.59% $0
QXO 0.00% 0.56% -0.56% $0
BITB 0.28% 0.76% -0.49% $16M
WBD 0.60% 1.06% -0.46% $34M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $27M 0.5%
Large Cap 36 $2.9B 50.6%
Mid Cap 45 $2.5B 44.5%
Small Cap 24 $207M 3.6%
Micro Cap 12 $44M 0.8%

Portfolio Analytics

Avg Market Cap
$107.2B
Median Market Cap
$4.9B
Avg P/E
56.7
Median P/E
31.5
Avg Dividend Yield
0.01%
Avg Beta
1.30
# Stocks
107
# ETFs / Funds
15

Top Holdings (122 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CYBR 19.99% 2,350,000 $1.1B $483.15 — +2,350,000 — NEW
2 VRNA 8.01% 4,263,576 $455M $106.71 — +4,263,576 — NEW
3 GTLS 7.50% 2,127,875 $426M $200.15 — +2,127,875 — NEW
4 NSC 6.72% 1,270,000 $382M $300.41 — +1,270,000 — NEW
5 LBRDK 6.35% 5,675,000 $361M $63.54 — +5,675,000 — NEW
6 INFA 5.67% 12,973,197 $322M $24.84 — +12,973,197 — NEW
7 DAY 5.22% 4,300,000 $296M $68.89 — +4,300,000 — NEW
8 IPG 5.20% 10,580,062 $295M $27.91 — +10,580,062 — NEW
9 MRUS 4.72% 2,850,000 $268M $94.15 — +2,850,000 — NEW
10 COOP 3.57% 950,000 $203M $213.18 — +950,000 — NEW
11 AL 3.08% 2,750,000 $175M $63.65 — +2,750,000 — NEW
12 MTSR 2.95% 3,200,000 $167M $52.33 — +3,200,000 — NEW
13 K 2.89% 2,000,000 $164M $82.02 — +2,000,000 — NEW
14 FYBR 2.32% 3,525,000 $132M $37.35 — +3,525,000 — NEW
15 ARKB 2.18% 3,252,037 $124M $38.02 $7M -15,107 -0.5%
16 SCS 1.68% 5,546,945 $95M $17.20 — +5,546,945 — NEW
17 SPNS 1.48% 1,950,865 $84M $43.00 — +1,950,865 — NEW
18 VRNT 0.97% 2,722,862 $55M $20.25 — +2,722,862 — NEW
19 UBER 0.86% 497,243 $49M $97.97 $4M +17,822 +3.7%
20 FETH 0.82% 1,126,139 $47M $41.55 $27M +331,901 +41.8%
21 NWSA 0.65% 1,203,557 $37M $30.71 $3M +47,307 +4.1%
22 WBD 0.60% 1,750,000 $34M $19.53 $14M -36,438 -2.0%
23 FBTC 0.58% 331,272 $33M $99.81 -$40M -448,892 -57.5%
24 SOLV 0.50% 385,642 $28M $73.00 $699K +23,658 +6.5%
25 SNDK 0.46% 234,694 $26M $112.20 $14M -39,429 -14.4%
26 ETHW 0.44% 833,682 $25M $29.82 $15M +315,345 +60.8%
27 TFX 0.43% 199,912 $24M $122.36 — +199,912 — NEW
28 CON 0.32% 870,548 $18M $20.93 $198K -5,607 -0.6%
29 BITB 0.28% 251,122 $16M $62.22 $912K — —
30 DLR 0.22% 71,022 $12M $172.88 $6M +34,022 +92.0%
31 ETH 0.21% 311,141 $12M $39.18 -$13M -755,019 -70.8%
32 BTC 0.20% 226,705 $11M $50.63 $653K — —
33 BUD 0.20% 185,798 $11M $59.61 -$17M -226,854 -55.0%
34 HIMS 0.18% 178,807 $10M $56.72 — +178,807 — NEW
35 ACHR 0.17% 1,000,000 $10M $9.58 -$1M — —
36 LGN 0.14% 260,000 $8M $30.81 — +260,000 — NEW
37 BTSG 0.13% 250,000 $7M $29.56 -$3M -200,000 -44.4%
38 PR 0.12% 550,000 $7M $12.80 — +550,000 — NEW
39 TRIP 0.12% 417,160 $7M $16.26 -$68K -107,840 -20.5%
40 AEXA 0.10% 500,000 $5M $10.93 — +500,000 — NEW
41 DJT 0.09% 314,716 $5M $16.42 — +314,716 — NEW
42 GTEN 0.09% 500,000 $5M $10.21 — +500,000 — NEW
43 CEPF 0.09% 499,999 $5M $10.19 — +499,999 — NEW
44 AACB 0.09% 499,998 $5M $10.18 $30K -2 —
45 DMIIU 0.09% 500,000 $5M $9.95 — +500,000 — NEW
46 ETHV 0.08% 72,028 $4M $60.93 — +72,028 — NEW
47 SPLG 0.08% 54,870 $4M $78.34 — +54,870 — NEW
48 CAEP 0.07% 400,000 $4M $10.32 -$92K — —
49 WAY 0.07% 100,000 $4M $37.92 — +100,000 — NEW
50 NTSK 0.06% 160,000 $4M $22.73 — +160,000 — NEW
51 WDC 0.06% 28,749 $3M $120.06 $2M +2,708 +10.4%
52 HNGE 0.06% 65,000 $3M $49.08 $1M +25,000 +62.5%
53 FCRS 0.06% 300,000 $3M $10.60 — +300,000 — NEW
54 CVLT 0.05% 14,400 $3M $188.78 — +14,400 — NEW
55 EVTL 0.05% 500,000 $3M $5.19 — +500,000 — NEW
56 NIO 0.04% 334,760 $3M $7.62 — +334,760 — NEW
57 HVMCU 0.04% 250,000 $3M $10.12 — +250,000 — NEW
58 NWL 0.04% 448,699 $2M $5.24 — +448,699 — NEW
59 B 0.04% 65,000 $2M $32.77 — +65,000 — NEW
60 BCSS 0.04% 200,000 $2M $10.09 — +200,000 — NEW
61 NWS 0.04% 57,586 $2M $34.55 — +57,586 — NEW
62 SCCO 0.03% 15,151 $2M $121.36 $321K +151 +1.0%
63 SLG 0.03% 28,741 $2M $59.81 — +28,741 — NEW
64 WOLF 0.03% 58,826 $2M $28.60 — +58,826 — NEW
65 OMDA 0.03% 75,000 $2M $22.11 $286K — —
66 OLN 0.03% 63,212 $2M $24.99 — +63,212 — NEW
67 GME 0.03% 57,713 $2M $27.28 $879K +29,185 +102.3%
68 LITE 0.03% 9,500 $2M $162.71 — +9,500 — NEW
69 CEPT 0.03% 141,445 $1M $10.51 -$168K -8,555 -5.7%
70 RIG 0.03% 475,000 $1M $3.12 — +475,000 — NEW
71 EZET 0.02% 39,678 $1M $31.59 — +39,678 — NEW
72 FIGXU 0.02% 125,002 $1M $9.99 — +125,002 — NEW
73 CEPO 0.02% 110,000 $1M $10.46 -$932K -65,000 -37.1%
74 FOX 0.02% 20,000 $1M $57.29 — +20,000 — NEW
75 IWM 0.02% 4,433 $1M $241.96 — +4,433 — NEW
76 GT 0.02% 122,000 $913K $7.48 — +122,000 — NEW
77 COCO 0.01% 20,000 $849K $42.47 — +20,000 — NEW
78 CETH 0.01% 40,215 $836K $20.80 — +40,215 — NEW
79 ALNY 0.01% 1,231 $561K $456.00 — +1,231 — NEW
80 VIA 0.01% 10,000 $481K $48.08 — +10,000 — NEW
81 SPY 0.01% 697 $464K $666.18 — +697 — NEW
82 RKLB 0.01% 9,200 $441K $47.91 $215K +2,900 +46.0%
83 LCID 0.01% 16,609 $395K $23.79 — +16,609 — NEW
84 CUBI 0.01% 4,942 $323K $65.37 — +4,942 — NEW
85 LLYVK 0.01% 3,286 $319K $96.97 $77K +310 +10.4%
86 WBI —% 10,000 $252K $25.22 — +10,000 — NEW
87 NEE —% 3,217 $243K $75.49 $20K — —
88 AIRO —% — — — -$241K -10,000 -100.0% SOLD
89 PMTRU —% — — — -$4M -400,000 -100.0% SOLD
90 MRP —% — — — -$11M -400,000 -100.0% SOLD
91 PCAPU —% — — — -$1M -100,000 -100.0% SOLD
92 SIRI —% — — — -$4M -157,904 -100.0% SOLD
93 DDOG —% — — — -$3M -25,024 -100.0% SOLD
94 MTH —% — — — -$1M -16,189 -100.0% SOLD
95 GLXY —% — — — -$219K -10,000 -100.0% SOLD
96 NVDA —% — — — -$288K -1,821 -100.0% SOLD
97 RYAAY —% — — — -$24M -423,822 -100.0% SOLD
98 TTAN —% — — — -$536K -5,000 -100.0% SOLD
99 MIR —% — — — -$926K -42,998 -100.0% SOLD
100 GPN —% — — — -$2M -20,926 -100.0% SOLD

Options Breakdown

31 Calls $581M Call Value 77 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
AGNCZ 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
YNDX 692,800 $78M
AGNCZ 6,959,600 $68M
XOP 495,000 $65M
CPA 466,900 $55M

New Positions

SymbolValue% Port
CYBR $1.1B 19.99%
VRNA $455M 8.01%
GTLS $426M 7.50%
NSC $382M 6.72%
LBRDK $361M 6.35%
INFA $322M 5.67%
DAY $296M 5.22%
IPG $295M 5.20%
MRUS $268M 4.72%
COOP $203M 3.57%
AL $175M 3.08%
MTSR $167M 2.95%
K $164M 2.89%
FYBR $132M 2.32%
SCS $95M 1.68%

Sold Out Positions

SymbolValue% Port
LYV — —%
QXO — —%
VOYG — —%
KVYO — —%
MRP — —%
MTH — —%
LOAR — —%
BSTZ — —%
OKLO — —%
ASIC — —%
GPN — —%
MIR — —%
DDOG — —%
AMZN — —%
KRT — —%
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