HBK INVESTMENTS L P
13F Reported Value
ⓘ$10.2B
incl. option notional
Equity Holdings
ⓘ$8.5B
Option Notional
ⓘ$1.7B
$1.4B puts / $261.5M calls
Holdings
276
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
HBK INVESTMENTS L P disclosed 276 positions worth $10.2B in its Form 13F-HR for Q2 2026 — $8.5B in common stock plus $1.7B of put/call option positions (reported at underlying notional value, not premium at risk), led by $BLD (QXO Insulation, LLC) at 10.9% of the equity portfolio, followed by $EA and $PEN. During the quarter the fund opened 77 new positions and exited 145 — including a new stake in $BLD and a full exit from $HOLX. The portfolio is most concentrated in Healthcare (25.3% of disclosed assets). All figures are sourced directly from HBK INVESTMENTS L P’s Form 13F-HR filing with the SEC under CIK 1011443.
AI Fund Analysis
Concentrating
$NSC
$WBD
$GTLS
$LBRDA
$TXNM
$FRPT$WBD
$KVUESector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 56.4#1,170
Quality
$930.6M2,625,000 sh - 62.9#671
Quality
$654.1M3,190,000 sh - 67.1#379
Quality
$580.5M1,838,508 sh - 63.2
Quality
$550.5M1,750,000 sh - 60.3
Quality
$535.1M28,000,001 sh - 41.4
Quality
$505.6M18,965,932 sh - 58.9
Quality
$482.2M6,825,000 sh - —
Quality
$430.2M3,483,100 sh - —
Quality
$378.3M2,850,000 sh - 49.0
Quality
$373.8M1,789,092 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 QXO Insulation, LLC$BLD | 56.4#1,170 | $930.6M | 2,625,000 |
 ELECTRONIC ARTS INC.$EA | 62.9#671 | $654.1M | 3,190,000 |
 Penumbra Inc$PEN | 67.1#379 | $580.5M | 1,838,508 |
| NORFOLK SOUTHERN CORP$NSC | 63.2 | $550.5M | 1,750,000 |
| Kenvue Inc.$KVUE | 60.3 | $535.1M | 28,000,001 |
| Warner Bros. Discovery, Inc.$WBD | 41.4 | $505.6M | 18,965,932 |
 BIO-TECHNE Corp$TECH | 58.9 | $482.2M | 6,825,000 |
 Nuvalent, Inc.$NUVL | — | $430.2M | 3,483,100 |
 Apogee Therapeutics, Inc.$APGE | — | $378.3M | 2,850,000 |
| CHART INDUSTRIES INC$GTLS | 49.0 | $373.8M | 1,789,092 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of HBK INVESTMENTS L P's 276 positions.
Showing top 10 of 276 holdings.
Sector Allocation
Healthcare
$2.2B
Industrials
$1.9B
Technology
$1.4B
Communication Services
$914.4M
Consumer Staples
$579.4M
Financials
$449.5M
Materials
$380.9M
Other
$315.1M
Top Holdings — HBK INVESTMENTS L P (Q2 2026)
Top 150 of 276 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $BLD | QXO Insulation, LLC | $930.6M | 10.9% | NEW | 56.4 |
| 2 | $EA | ELECTRONIC ARTS INC. | $654.1M | 7.7% | -2% | 62.9 |
| 3 | $PEN | Penumbra Inc | $580.5M | 6.8% | +12% | 67.1 |
| 4 | $NSC | NORFOLK SOUTHERN CORP | $550.5M | 6.4% | +1% | 63.2 |
| 5 | $KVUE | Kenvue Inc. | $535.1M | 6.3% | +33% | 60.3 |
| 6 | $WBD | Warner Bros. Discovery, Inc. | $505.6M | 5.9% | +16% | 41.4 |
| 7 | $TECH | BIO-TECHNE Corp | $482.2M | 5.6% | NEW | 58.9 |
| 8 | $NUVL | Nuvalent, Inc. | $430.2M | 5.0% | NEW | — |
| 9 | $APGE | Apogee Therapeutics, Inc. | $378.3M | 4.4% | NEW | — |
| 10 | $GTLS | CHART INDUSTRIES INC | $373.8M | 4.4% | +160% | 49 |
| 11 |  $SPYPUT | SPDR S&P 500 ETF TRUST | $349.4M | — | +97% | — |
| 12 |  $TECK | TECK RESOURCES LTD | $343.3M | 4.0% | +264% | — |
| 13 |  $JHG | Janus Henderson Group Ltd. | $267.8M | 3.1% | +22% | — |
| 14 |  $GME | GameStop Corp. | $257.8M | 3.0% | NEW | 61.2 |
| 15 |  $QQQPUT | INVESCO QQQ TRUST, SERIES 1 | $225.6M | — | +105% | — |
| 16 |  $SLAB | SILICON LABORATORIES INC. | $218.6M | 2.6% | NEW | 41.2 |
| 17 |  $NVDAPUT | NVIDIA CORP | $206.0M | — | -70% | 85.9 |
| 18 | $SPYCALL | SPDR S&P 500 ETF TRUST | $187.5M | — | NEW | — |
| 19 |  $ROKU | ROKU, INC | $163.6M | 1.9% | NEW | 66.7 |
| 20 |  $AES | AES CORP | $162.3M | 1.9% | NEW | 58.6 |
| 21 | — | ISHARES TR - RUSSELL 2000 ETF | $159.9M | — | -22% | — |
| 22 | $LBRDA | Liberty Broadband Corp | $149.5M | 1.8% | +5% | 53 |
| 23 |  $VAL | Valaris Ltd | $114.4M | 1.3% | NEW | — |
| 24 |  $NBISPUT | Nebius Group N.V. | $109.7M | — | -12% | — |
| 25 |  $CPRX | CATALYST PHARMACEUTICALS, INC. | $88.6M | 1.0% | NEW | 74 |
| 26 |  $UBER | Uber Technologies, Inc | $47.0M | 0.6% | NEW | 73.5 |
| 27 | $TXNM | TXNM ENERGY INC | $45.1M | 0.5% | +28% | 52.8 |
| 28 |  $ALHC | Alignment Healthcare, Inc. | $44.0M | 0.5% | +6% | 64.2 |
| 29 | — | MAKEMYTRIP LIMITED MAURITIUS - NOTE 7/0 | $43.3M | 0.5% | NEW | — |
| 30 | — | HEWLETT PACKARD ENTERPRISE C - 7.625 MAND CONV | $41.0M | 0.5% | +17% | — |
| 31 |  $SPCX | SPACE EXPLORATION TECHNOLOGIES CORP | $40.6M | 0.5% | NEW | — |
| 32 | $FRPT | Freshpet, Inc. | $39.9M | 0.5% | +11% | 61.1 |
| 33 |  $ARKB | Ark 21Shares Bitcoin ETF | $38.3M | 0.5% | +0% | — |
| 34 | — | VANGUARD INDEX FDS - PUT | $35.3M | — | NEW | — |
| 35 |  $PTON | PELOTON INTERACTIVE, INC. | $34.8M | 0.4% | -9% | 54.3 |
| 36 |  $COO | COOPER COMPANIES, INC. | $31.7M | 0.4% | NEW | 57 |
| 37 |  $CON | Concentra Group Holdings Parent, Inc. | $31.1M | 0.4% | +21% | 64.3 |
| 38 | — | RIVIAN AUTOMOTIVE INC - NOTE 3.625%10/1 | $30.3M | 0.3% | +18% | — |
| 39 |  $SOLV | Solventum Corp | $29.9M | 0.3% | +0% | 55.2 |
| 40 |  $NWSA | NEWS CORP | $29.4M | 0.3% | +0% | 55.4 |
| 41 | $TXNM | TXNM ENERGY INC | $27.5M | 0.3% | -84% | 52.8 |
| 42 |  $ANIP | ANI PHARMACEUTICALS INC | $26.1M | 0.3% | +0% | 72.5 |
| 43 | $UBER | Uber Technologies, Inc | $26.1M | 0.3% | +21% | 73.5 |
| 44 |  $SIRI | SIRIUS XM HOLDINGS INC. | $25.1M | 0.3% | -27% | 61.5 |
| 45 |  $CCZ | COMCAST CORP | $23.0M | 0.3% | -12% | 59.5 |
| 46 | $SIRICALL | SIRIUS XM HOLDINGS INC. | $22.8M | — | +7% | 61.5 |
| 47 |  $TSLAPUT | Tesla, Inc. | $22.2M | — | -51% | 53.9 |
| 48 |  $HWMPUT | Howmet Aerospace Inc. | $22.0M | — | -61% | 73.9 |
| 49 |  $TRIP | TripAdvisor, Inc. | $20.8M | 0.2% | -40% | 40.8 |
| 50 | — | ISHARES TR - RUS 2000 GRW ETF | $19.7M | — | +0% | — |
| 51 |  $SVM | SILVERCORP METALS INC | $19.5M | 0.2% | +0% | — |
| 52 |  $RWT | REDWOOD TRUST INC | $19.2M | 0.2% | +655% | — |
| 53 | $GMEPUT | GameStop Corp. | $18.1M | — | +69% | 61.2 |
| 54 |  $MAT | MATTEL INC /DE/ | $18.0M | 0.2% | +0% | 61 |
| 55 |  $CNP | CENTERPOINT ENERGY INC | $17.9M | 0.2% | +0% | 53.2 |
| 56 |  $MSTRPUT | Strategy Inc | $16.4M | — | +1079% | 17.9 |
| 57 | — | MARRIOTT VACATIONS WORLDWIDE - NOTE 3.250%12/1 | $16.3M | 0.2% | +0% | — |
| 58 |  $BABA | Alibaba Group Holding Ltd | $16.2M | 0.2% | +14% | — |
| 59 | $TRIPPUT | TripAdvisor, Inc. | $16.2M | — | -50% | 40.8 |
| 60 | $GME | GameStop Corp. | $16.1M | 0.2% | -7% | 61.2 |
| 61 | — | PENNYMAC CORP - NOTE 8.500% 6/0 | $15.7M | 0.2% | +0% | — |
| 62 |  $FETH | Fidelity Ethereum Fund | $15.4M | 0.2% | -13% | — |
| 63 |  $FSM | FORTUNA MINING CORP. | $15.4M | 0.2% | +0% | — |
| 64 |  $DALPUT | DELTA AIR LINES, INC. | $14.7M | — | +3923% | 57.5 |
| 65 |  $QNT | Quantinuum Inc. | $14.7M | 0.2% | NEW | — |
| 66 | $GMECALL | GameStop Corp. | $14.5M | — | -1% | 61.2 |
| 67 |  $ITGR | Integer Holdings Corp | $14.5M | 0.2% | NEW | 55.9 |
| 68 | — | VERSIGENT PLC - ORDINARY SHARES | $14.4M | 0.2% | NEW | — |
| 69 |  $DLR | DIGITAL REALTY TRUST, INC. | $14.4M | 0.2% | +528% | 72.8 |
| 70 |  $ARMPUT | ARM HOLDINGS PLC /UK | $14.2M | — | NEW | — |
| 71 | — | SELECT SECTOR SPDR TR - ST STR FINL ETF | $13.7M | — | +0% | — |
| 72 |  $VELPUT | Velocity Financial, Inc. | $13.6M | — | +0% | — |
| 73 | $QQQCALL | INVESCO QQQ TRUST, SERIES 1 | $13.3M | — | -87% | — |
| 74 | — | PAR TECHNOLOGY CORP - NOTE 1.000% 1/1 | $13.1M | 0.1% | +59% | — |
| 75 |  $MDLN | Medline Inc. | $12.8M | 0.1% | -24% | 62.5 |
| 76 |  $CRWVPUT | CoreWeave, Inc. | $12.4M | — | +33% | 52.2 |
| 77 |  $WMTPUT | Walmart Inc. | $12.1M | — | +0% | 60.2 |
| 78 | — | SPDR SERIES TRUST - ST STR P500ETF | $12.1M | 0.1% | +14% | — |
| 79 | — | NEXTERA ENERGY INC - UNIT 02/15/2029 | $12.0M | 0.1% | +150% | — |
| 80 |  $CSWC | CAPITAL SOUTHWEST CORP | $11.3M | 0.1% | +5% | — |
| 81 |  $CHTRPUT | CHARTER COMMUNICATIONS, INC. /MO/ | $11.0M | — | +56% | 59 |
| 82 |  $COSTPUT | COSTCO WHOLESALE CORP /NEW | $10.4M | — | -54% | 66.2 |
| 83 |  $VERX | Vertex, Inc. | $9.9M | 0.1% | -45% | 57.5 |
| 84 |  $GOOGLPUT | Alphabet Inc. | $9.9M | — | -23% | 78.2 |
| 85 |  $BATRA | Atlanta Braves Holdings, Inc. | $9.6M | 0.1% | -6% | 20.5 |
| 86 |  $VIAV | VIAVI SOLUTIONS INC. | $9.6M | 0.1% | NEW | 51.5 |
| 87 |  $ECPGPUT | ENCORE CAPITAL GROUP INC | $9.5M | — | +0% | 70.9 |
| 88 |  $NIO | NIO Inc. | $9.3M | 0.1% | +0% | — |
| 89 |  $GLAD | GLADSTONE CAPITAL CORP | $9.2M | 0.1% | +6% | — |
| 90 |  $FLR | FLUOR CORP | $8.4M | 0.1% | NEW | 47.6 |
| 91 |  $IMAX | IMAX CORP | $8.1M | 0.1% | NEW | 59.6 |
| 92 |  $BACPUT | BANK OF AMERICA CORP /DE/ | $7.9M | — | -35% | 67.6 |
| 93 | — | FORTRESS VALUE ACQU CORP V - ORD SHS CL A | $7.6M | 0.1% | +0% | — |
| 94 |  $PMTPUT | PennyMac Mortgage Investment Trust | $7.5M | — | +0% | 37.5 |
| 95 |  $KPET | KPET Ultra Paceline Corp | $7.5M | 0.1% | NEW | — |
| 96 |  $PSUS | Pershing Square USA, Ltd. | $7.5M | 0.1% | NEW | — |
| 97 |  $ACAA | Averin Capital Acquisition Corp. | $7.5M | 0.1% | NEW | — |
| 98 |  $CPUT | CITIGROUP INC | $7.4M | — | +0% | 65 |
| 99 |  $GHXI | Gores Holdings XI, Inc. | $7.4M | 0.1% | NEW | — |
| 100 |  $JENA | JENA ACQUISITION Corp II | $7.3M | 0.1% | +0% | — |
| 101 | — | GENERAL CATALYST GBL RESIL M - CL A | $7.1M | 0.1% | NEW | — |
| 102 |  $ZD | ZIFF DAVIS, INC. | $7.0M | 0.1% | -42% | 64.3 |
| 103 | — | KRAKACQUISITION CORPORATION - CL A ORD SHS | $7.0M | 0.1% | +0% | — |
| 104 |  $FMC | FMC CORP | $6.8M | 0.1% | NEW | 33.6 |
| 105 |  $IEPPUT | ICAHN ENTERPRISES L.P. | $6.8M | — | +12% | 38.8 |
| 106 | — | ALPHABET INC - DEP SHS RP1/20 B | $6.7M | 0.1% | NEW | — |
| 107 |  $SHOT | RMG ML Sports Holdings | $6.5M | 0.1% | NEW | — |
| 108 |  $BL | BLACKLINE, INC. | $6.5M | 0.1% | -46% | 52.7 |
| 109 | — | ISHARES TR - RUS 1000 VAL ETF | $6.4M | — | +0% | — |
| 110 |  $CNKPUT | Cinemark Holdings, Inc. | $6.3M | — | -64% | 38.6 |
| 111 |  $IVZPUT | Invesco Ltd. | $6.3M | — | +0% | — |
| 112 |  $LFTO | Liftoff Mobile, Inc. | $6.2M | 0.1% | NEW | — |
| 113 |  $INIO | INNIO N.V. | $6.0M | 0.1% | NEW | — |
| 114 |  $MTNE | CH4 Natural Solutions Corp | $5.9M | 0.1% | NEW | — |
| 115 | $GME | GameStop Corp. | $5.9M | 0.1% | NEW | 61.2 |
| 116 |  $DDOG | Datadog, Inc. | $5.8M | 0.1% | -64% | 71.4 |
| 117 | $TRIPCALL | TripAdvisor, Inc. | $5.7M | — | NEW | 40.8 |
| 118 |  $ARCCPUT | ARES CAPITAL CORP | $5.6M | — | +0% | — |
| 119 |  $HONA | Honeywell Aerospace Inc. | $5.5M | 0.1% | NEW | — |
| 120 |  $PCG | PG&E Corp | $5.4M | 0.1% | NEW | 58.8 |
| 121 |  $NEE | NEXTERA ENERGY INC | $5.4M | 0.1% | -50% | 64.6 |
| 122 |  $AACB | Artius II Acquisition Inc. | $5.2M | 0.1% | +0% | — |
| 123 |  $GTEN | Gores Holdings X, Inc. / CI | $5.2M | 0.1% | +0% | — |
| 124 | $ARCCCALL | ARES CAPITAL CORP | $5.2M | — | +5% | — |
| 125 |  $SMCI | Super Micro Computer, Inc. | $5.1M | 0.1% | NEW | 62 |
| 126 | — | COLOMBIER ACQUISITION CORP I - ORD SHS CL A | $5.1M | 0.1% | +0% | — |
| 127 | — | ONEIM ACQUISITION CORP - ORD SHS CL A | $5.0M | 0.1% | +0% | — |
| 128 |  $DMII | Drugs Made In America Acquisition II Corp. | $5.0M | 0.1% | +0% | — |
| 129 | — | ALUSSA ENERGY ACQUISIT CORP - ORD SHS CL A | $5.0M | 0.1% | +0% | — |
| 130 | — | AMERICAN DRIVE ACQUISITION C - USD CL A ORD SHS | $5.0M | 0.1% | +0% | — |
| 131 |  $ISNR | Snow Rothschild Acquisition Corp. | $5.0M | 0.1% | NEW | — |
| 132 |  $HIMSPUT | Hims & Hers Health, Inc. | $5.0M | — | NEW | 53.4 |
| 133 |  $BEAG | Bold Eagle Acquisition Corp. | $4.8M | 0.1% | +0% | — |
| 134 |  $DHRPUT | DANAHER CORP /DE/ | $4.7M | — | -58% | 64.8 |
| 135 |  $CEPF | Cantor Equity Partners IV, Inc. | $4.7M | 0.1% | +0% | — |
| 136 | — | INFINITE EAGLE ACQUISITION C - CL A | $4.6M | 0.1% | +0% | — |
| 137 |  $LWAY | Lifeway Foods, Inc. | $4.5M | 0.1% | NEW | 49.1 |
| 138 |  $WOLFPUT | WOLFSPEED, INC. | $4.4M | — | NEW | 22.8 |
| 139 |  $AEXA | American Exceptionalism Acquisition Corp. A | $4.1M | 0.1% | +0% | — |
| 140 | — | KARBON CAP PARTNERS CORP - ORD SHS CL A | $4.0M | 0.1% | +0% | — |
| 141 |  $WLCO | Wilco 63 Corp | $4.0M | 0.1% | NEW | — |
| 142 |  $BOBS | Bob's Discount Furniture, Inc. | $4.0M | 0.1% | +0% | — |
| 143 |  $AMDPUT | ADVANCED MICRO DEVICES INC | $4.0M | — | -92% | 79.8 |
| 144 | — | PPL CORP - UNIT 02/15/2029 | $3.9M | 0.1% | +0% | — |
| 145 |  $PMTR | Perimeter Acquisition Corp. I | $3.8M | 0.0% | +0% | — |
| 146 | $FMCCALL | FMC CORP | $3.5M | — | NEW | 33.6 |
| 147 | — | SILVERBOX CORP V - ORD SHS CL A | $3.5M | 0.0% | +0% | — |
| 148 |  $IACQ | Irenic Acquisition Corp. | $3.5M | 0.0% | NEW | — |
| 149 |  $HON | HONEYWELL INTERNATIONAL INC | $3.4M | 0.0% | +489% | 65 |
| 150 | — | CHURCHILL CAP CORP XII - CL A ORD SHS | $3.2M | 0.0% | NEW | — |
New Positions (77)
$BLD QXO Insulation, LLC$930.6M$TECH BIO-TECHNE Corp$482.2M$NUVL Nuvalent, Inc.$430.2M$APGE Apogee Therapeutics, Inc.$378.3M$SLAB SILICON LABORATORIES INC.$218.6M$SPYCALL SPDR S&P 500 ETF TRUST$187.5M$ROKU ROKU, INC$163.6M$AES AES CORP$162.3M$VAL Valaris Ltd$114.4M$CPRX CATALYST PHARMACEUTICALS, INC.$88.6M$SPCX SPACE EXPLORATION TECHNOLOGIES CORP$40.6M$COO COOPER COMPANIES, INC.$31.7M$QNT Quantinuum Inc.$14.7MExited Positions (145)
$HOLX HOLOGIC INC
$MASI MASIMO CORP
$CTRA Coterra Energy Inc.
$AL AIR LEASE CORP
$CWAN Clearwater Analytics Holdings, Inc.
$SDA SunCar Technology Group Inc.
$ACLX Arcellx, Inc.
$TERN Terns Pharmaceuticals, Inc.
$APLS Apellis Pharmaceuticals, Inc.
$FOLD AMICUS THERAPEUTICS, INC.
$CSGS CSG SYSTEMS INTERNATIONAL INC
$DUK Duke Energy CORP
$W Wayfair Inc.
$AAPLPUT Apple Inc.Browse Top Institutional Investors
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