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HBK INVESTMENTS L P

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1011443
Institutional-grade research for retail investors

Sector Allocation

  • Healthcare25.3%$2.2B
  • Industrials22.0%$1.9B
  • Technology16.0%$1.4B
  • Communication Services10.7%$914.4M
  • Consumer Staples6.8%$579.4M
  • Financials5.3%$449.5M
  • Materials4.5%$380.9M
  • Other3.7%$315.1M
  • Utilities3.1%$264.7M
  • Energy1.4%$116.4M

AUM History

13fpro.ai/research/fund/hbk-investments-l-p-1011443

Conviction and streaks

Concentrating · top 10 = 63.5%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

NSC$NSCConviction hold6.4% weight · held 4 quartersWBD$WBDConviction hold5.9% weight · held 6 quartersGTLS$GTLSConviction hold4.4% weight · held 4 quartersLBRDA$LBRDAConviction hold1.8% weight · held 4 quartersTXNM$TXNMConviction hold0.5% weight · held 5 quartersFRPT$FRPTAccumulating+242% shares · 4 quarters runningWBD$WBDAccumulating+984% shares · 3 quarters running$Accumulating+250% shares · 3 quarters running$Accumulating+151% shares · 3 quarters runningKVUE$KVUEAccumulating+1005% shares · 2 quarters runningBATRA$BATRATrimming-57% shares · 3 quarters runningSIRI$SIRITrimming-50% shares · 2 quarters runningVERX$VERXTrimming-51% shares · 2 quarters runningBL$BLTrimming-62% shares · 2 quarters runningACHR$ACHRTrimming-48% shares · 2 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/hbk-investments-l-p-1011443

HBK INVESTMENTS L P 13F holdings — Q2 2026

$10.2B portfolio (+3.9% QoQ) · 276 holdings · Q2 2026 13F · top 10 are 64% of the stock portfolio

Includes $1.7B of put/call options ($1.4B puts, $261.5M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $8.5B. Weights use the stock portfolio.

All holdings — HBK INVESTMENTS L P (Q2 2026)

276 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
SPY$SPYPUTSPDR S&P 500 ETF TRUST$349.4M+97%
TECK$TECKTECK RESOURCES LTD$343.3M+264%
JHG$JHGJanus Henderson Group Ltd.$267.8M+22%
GME$GMEGameStop Corp.note$257.8MNew
QQQ$QQQPUTINVESCO QQQ TRUST, SERIES 1$225.6M+105%
SLAB$SLABSILICON LABORATORIES INC.$218.6MNew
NVDA$NVDAPUTNVIDIA CORP$206.0M-70%
SPY$SPYCALLSPDR S&P 500 ETF TRUST$187.5MNew
ROKU$ROKUROKU, INC$163.6MNew
AES$AESAES CORP$162.3MNew
— PUTISHARES TR - RUSSELL 2000 ETF$159.9M-22%
LBRDA$LBRDALiberty Broadband Corp$149.5M+5%
VAL$VALValaris Ltd$114.4MNew
NBIS$NBISPUTNebius Group N.V.$109.7M-12%
CPRX$CPRXCATALYST PHARMACEUTICALS, INC.$88.6MNew

What changed in Q2 2026

Against the previous quarter's 13F: 77 new, 42 added to, 61 trimmed, 145 sold out. Share-count changes; largest moves by dollar size first.

New positions (77)

  • BLD$BLDQXO Insulation, LLC$930.6M

    first bought this quarter

  • TECH$TECHBIO-TECHNE Corp$482.2M

    first bought this quarter

  • NUVL$NUVLNuvalent, Inc.$430.2M

    first bought this quarter

  • APGE$APGEApogee Therapeutics, Inc.$378.3M

    first bought this quarter

  • SLAB$SLABSILICON LABORATORIES INC.$218.6M

    first bought this quarter

  • SPY$SPYCALLSPDR S&P 500 ETF TRUST$187.5M

    first bought this quarter

+71 more in the Excel export

Added to (42)

  • TECK$TECKTECK RESOURCES LTD+264%

    now $343.3M · held 2 qtrs, 2 adds in a row

  • GTLS$GTLSCHART INDUSTRIES INC+160%

    now $373.8M · held 3+ qtrs

  • SPY$SPYPUTSPDR S&P 500 ETF TRUST+97%

    now $349.4M

  • KVUE$KVUEKenvue Inc.+33%

    now $535.1M · held 3+ qtrs, 2 adds in a row

  • QQQ$QQQPUTINVESCO QQQ TRUST, SERIES 1+105%

    now $225.6M

  • WBD$WBDWarner Bros. Discovery, Inc.+16%

    now $505.6M · held 3+ qtrs, 2 adds in a row

+36 more in the Excel export

Trimmed (61)

  • NVDA$NVDAPUTNVIDIA CORP-70%

    now $206.0M

  • MSTR$MSTRStrategy Inc-100%

    now $1.6M · held 3+ qtrs, 2 trims in a row

  • QQQ$QQQCALLINVESCO QQQ TRUST, SERIES 1-87%

    now $13.3M

  • IBIT$IBITPUTiShares Bitcoin Trust ETF-98%

    now $1.0M

  • AMD$AMDPUTADVANCED MICRO DEVICES INC-92%

    now $4.0M

  • PUTISHARES TR - RUSSELL 2000 ETF-22%

    now $159.9M

+55 more in the Excel export

Sold out (145)

  • HOLX$HOLXHOLOGIC INCwas $740.8M

    held 2+ qtrs

  • MASI$MASIMASIMO CORPwas $458.2M

    held 1 qtr

  • CTRA$CTRACoterra Energy Inc.was $371.4M

    held 1 qtr

  • AL$ALAIR LEASE CORPwas $358.9M

    held 3+ qtrs

  • CWAN$CWANClearwater Analytics Holdings, Inc.was $328.1M

    held 2+ qtrs

  • SDA$SDASunCar Technology Group Inc.was $307.2M

+139 more in the Excel export

Firm AUM (Form ADV): $35.6B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F HBK INVESTMENTS L P has filed, 21 earlier quarters. Pick one to see what it held then.

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Is it too late to follow HBK INVESTMENTS L P?

Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of HBK INVESTMENTS L P's top 20 holdings: 58/100 (our AI quality score, weighted by position size; 15 of the 20 are scored)

Top 10 since filing

+0.3%

Value-weighted move of the 10 largest stock positions

Turnover

55%

Last quarter

Top 10 weight

64%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

0%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

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.

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AI-Powered Hedge Fund Analysis: HBK INVESTMENTS L P

13F Pro is an AI hedge fund tracker and stock research platform. For HBK INVESTMENTS L P (SEC CIK: 1011443), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in HBK INVESTMENTS L P's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.