HBK INVESTMENTS L P

CIK

1011443

Location

DALLAS, TX

Portfolio Value

Mid $8,709,707,567

Diversification

Diversified

Filing Date

Global Rank

#465 / 8,605 ▲ 39 · as of Mar 2026

Top Industry

Medical Devices 12.1%

3Y Alpha vs SPY

-9.0%

Period ended 3 months ago

Filed May 15, 2026 · 56d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+38.1%

SPY

+75.5%

Annualised alpha

-9.3%

Max drawdown

−23.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

186 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.5%

−5.6 pts

Top 5

34.9%

−16.0 pts

Top 10

57.9%

−15.5 pts

HHI

424

Diversified−253

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	28.9%	$2,521,082,376	16
Communication Services	15.5%	$1,349,450,905	16
Industrials	13.1%	$1,141,087,173	20
Technology	12.6%	$1,100,689,399	18
Consumer Cyclical	6.0%	$519,881,645	19
Financial Services	5.3%	$461,779,381	57
Unclassified	5.3%	$460,396,154	10
Consumer Defensive	4.7%	$405,376,321	4
Energy	4.5%	$392,797,842	5
Utilities	2.2%	$191,972,702	4
Basic Materials	1.1%	$92,566,597	4
Real Estate	0.8%	$72,627,072	13

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

21 positions

Ticker	Company	Δ Shares	Shares	Value
KVUE	Kenvue Inc.	+18,465,000	21,000,001	$362,040,017
CWAN	Clearwater Analytics Holdings, Inc.	+13,501,697	13,875,000	$328,143,750
WBD	Warner Bros. Discovery, Inc.	+5,498,330	16,361,200	$449,278,552
TRIP	TripAdvisor, Inc.	+3,811,056	4,877,216	$51,991,122
HOLX	HOLOGIC INC	+1,400,000	9,800,000	$740,782,000
EA	Electronic Arts Inc.	+1,360,118	3,270,100	$666,675,287
TXNM	Txnm Energy Inc	+1,343,694	3,040,938	$177,773,235
AL	SUMISHO AIR LEASE CORP	+924,982	5,527,242	$358,939,095
TSLX	Sixth Street Specialty Lending, Inc.	+316,200	326,400	$5,999,232
TTEK	Tetra Tech Inc	+233,828	374,028	$11,265,723
MDLN	Medline Inc.	+190,000	425,000	$18,912,500
DJT	Trump Media & Technology Group Corp.	+168,703	229,303	$2,127,931
AGNC	AGNC Investment Corp.	+129,829	1,929,829	$19,356,184
UBER	Uber Technologies, Inc	+87,095	491,849	$35,378,698
NEE	Nextera Energy Inc	+82,951	107,951	$10,026,488
BAC	Bank Of America Corp /De/	+71,769	238,569	$11,630,238
GRAB	Grab Holdings Ltd	+30,000	450,000	$1,647,000
FRPT	Freshpet, Inc.	+21,000	29,000	$1,709,840
DDOG	Datadog, Inc.	+20,249	83,149	$9,815,739
TSLA	Tesla, Inc.	+16,890	129,190	$48,026,382
PLD	Prologis, Inc.	+13,239	63,239	$8,358,931
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
FOLD	AMICUS THERAPEUTICS, INC.	−6,466,552	8,783,448	$127,008,658
NVDA	Nvidia Corp	−2,509,683	3,429,817	$598,160,084
IBIT	iShares Bitcoin Trust ETF	−1,996,100	1,480,500	$56,880,810
BHF	Brighthouse Financial, Inc.	−1,900,000	200,000	$11,976,000
GTLS	Chart Industries Inc	−1,280,000	689,092	$142,469,771
SPY	Spdr S&P 500 ETF Trust	−1,022,205	241,632	$157,142,954
NIO	NIO Inc.	−727,648	225,500	$1,359,765
NSC	Norfolk Southern Corp	−393,644	1,736,356	$498,334,172
CNK	Cinemark Holdings, Inc.	−366,000	757,000	$21,589,640
LION	Lionsgate Studios Corp.	−342,330	242,329	$2,323,935
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−310,200	28,700	$9,699,165
PTON	Peloton Interactive, Inc.	−306,900	502,500	$2,155,725
QQQ	Invesco Qqq Trust, Series 1	−290,818	288,682	$166,621,476
LGN	Legence Corp.	−250,000	200,000	$11,292,000
ACHR	Archer Aviation Inc.	−250,000	1,000,000	$5,170,000
BOX	Box Inc	−209,916	121,850	$2,880,534
CAEP	Cantor Equity Partners III, Inc.	−200,000	100,000	$1,031,000
ALHC	Alignment Healthcare, Inc.	−192,800	32,600	$574,412
MSTR	Strategy Inc	−157,564	16,000	$1,996,800
ARCC	Ares Capital Corp	−133,600	566,400	$10,206,528
RIVN	Rivian Automotive, Inc. / DE	−131,000	131,000	$1,971,550
MFIC	MidCap Financial Investment Corp	−105,500	100,000	$1,124,000
NBIS	Nebius Group N.V.	−103,443	453,357	$47,040,322
PFLT	PennantPark Floating Rate Capital Ltd.	−100,000	192,700	$1,549,308
GME	GameStop Corp.	−87,388	1,934,765	$44,576,985
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
PEN	Penumbra Inc	1,634,261	$536,642,284
MASI	Masimo Corp	2,576,109	$458,212,507
CTRA	Coterra Energy Inc.	10,568,659	$371,382,677
SEE	SEALED AIR CORP/DE	7,305,341	$307,189,589
ACLX	Arcellx, Inc.	2,278,517	$261,619,321
JHG	Janus Henderson Group Ltd.	4,230,723	$217,332,240
TERN	Terns Pharmaceuticals, Inc.	2,950,000	$155,524,000
APLS	Apellis Pharmaceuticals, Inc.	3,550,000	$142,816,500
TECK	Teck Resources Ltd	1,585,092	$82,028,511
HWM	Howmet Aerospace Inc.	211,700	$48,788,382
CMCSA	Comcast Corp	1,067,001	$30,633,598
COST	Costco Wholesale Corp /New	28,430	$28,328,504
BA	Boeing Co	126,234	$25,124,353
AMD	Advanced Micro Devices Inc	123,369	$25,096,955
AAPL	Apple Inc.	98,581	$25,018,871
BRK-B	Berkshire Hathaway Inc	44,079	$21,122,656
QCOM	Qualcomm Inc/De	148,894	$19,174,569
META	Meta Platforms, Inc.	33,304	$19,054,217
MAT	Mattel Inc /De/	1,300,000	$18,889,000
BABA	Alibaba Group Holding Ltd	127,188	$15,957,006
DHR	Danaher Corp /De/	83,170	$15,769,032
KTOS	Kratos Defense & Security Solutions, Inc.	200,000	$14,102,000
WELL	Welltower Inc.	69,515	$13,743,810
VEL	Velocity Financial, Inc.	737,500	$13,341,375
WMT	Walmart Inc.	107,000	$13,297,960
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
EXAS	EXACT SCIENCES CORP	7,646,637	$776,592,453
GLD	Spdr Gold Trust	488,900	$193,755,959
SNDK	Sandisk Corp	234,697	$55,712,373
GS	Goldman Sachs Group Inc	50,800	$44,653,200
LTM	Latam Airlines Group S.A.	625,000	$33,756,250
OMF	OneMain Holdings, Inc.	453,800	$30,654,190
TFX	Teleflex Inc	192,372	$23,477,078
ETHW	Bitwise Ethereum ETF	833,682	$17,732,416
PSKY	Paramount Skydance Corp	1,000,100	$13,401,340
BUD	Anheuser-Busch InBev SA/NV	185,796	$11,898,375
HIMS	Hims & Hers Health, Inc.	342,888	$11,133,573
CVLT	Commvault Systems Inc	87,800	$11,006,608
TCOM	Trip.com Group Ltd	123,600	$8,888,076
ECHO	EchoStar CORP	75,800	$8,239,460
SLV	iShares Silver Trust	101,800	$6,557,956
OPEN	Opendoor Technologies Inc.	1,015,000	$5,917,450
CC	Chemours Co	439,051	$5,176,411
WDC	Western Digital Corp	28,747	$4,952,245
CHKP	Check Point Software Technologies Ltd	20,680	$3,837,380
IMSR	Terrestrial Energy Inc. /DE/	550,000	$3,360,500
CTEV	Claritev Corp	75,000	$3,206,250
HUN	Huntsman CORP	300,000	$3,000,000
CMPR	CIMPRESS plc	41,000	$2,730,190
PENN	PENN Entertainment, Inc.	171,467	$2,529,138
ASTS	AST SpaceMobile, Inc.	32,046	$2,327,500
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

186 positions · $8,709,707,567 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 186 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
HOLX	HOLOGIC INC Healthcare	Added	9,800,000	+1,400,000	$740,782,000	+18.4%	8.51%
EA	Electronic Arts Inc. Communication Services	Added	3,270,100	+1,360,118	$666,675,287	+70.8%	7.65%
NVDA	Nvidia Corp Technology	Reduced	3,429,817	-2,509,683	$598,160,084	−46.0%	6.87%
PEN	Penumbra Inc Healthcare	NEW	1,634,261	NEW	$536,642,284	NEW	6.16%
NSC	Norfolk Southern Corp Industrials	Reduced	1,736,356	-393,644	$498,334,172	−19.0%	5.72%
MASI	Masimo Corp Healthcare	NEW	2,576,109	NEW	$458,212,507	NEW	5.26%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	16,361,200	+5,498,330	$449,278,552	+43.5%	5.16%
CTRA	Coterra Energy Inc. Energy	NEW	10,568,659	NEW	$371,382,677	NEW	4.26%
KVUE	Kenvue Inc. Consumer Defensive	Added	21,000,001	+18,465,000	$362,040,017	+727.9%	4.16%
AL	SUMISHO AIR LEASE CORP Industrials	Added	5,527,242	+924,982	$358,939,095	+21.4%	4.12%
CWAN	Clearwater Analytics Holdings, Inc. Technology	Added	13,875,000	+13,501,697	$328,143,750	+3544.4%	3.77%
SEE	SEALED AIR CORP/DE Consumer Cyclical	NEW	7,305,341	NEW	$307,189,589	NEW	3.53%
ACLX	Arcellx, Inc. Healthcare	NEW	2,278,517	NEW	$261,619,321	NEW	3.00%
JHG	Janus Henderson Group Ltd. Financial Services	NEW	4,230,723	NEW	$217,332,240	NEW	2.50%
TXNM	Txnm Energy Inc Utilities	Added	3,040,938	+1,343,694	$177,773,235	+77.9%	2.04%
QQQ	Invesco Qqq Trust, Series 1	Reduced	288,682	-290,818	$166,621,476	−53.2%	1.91%
SPY	Spdr S&P 500 ETF Trust	Reduced	241,632	-1,022,205	$157,142,954	−81.8%	1.80%
TERN	Terns Pharmaceuticals, Inc. Healthcare	NEW	2,950,000	NEW	$155,524,000	NEW	1.79%
APLS	Apellis Pharmaceuticals, Inc. Healthcare	NEW	3,550,000	NEW	$142,816,500	NEW	1.64%
GTLS	Chart Industries Inc Industrials	Reduced	689,092	-1,280,000	$142,469,771	−64.9%	1.64%
FOLD	AMICUS THERAPEUTICS, INC. Healthcare	Reduced	8,783,448	-6,466,552	$127,008,658	−41.5%	1.46%
TECK	Teck Resources Ltd Basic Materials	NEW	1,585,092	NEW	$82,028,511	NEW	0.94%
IBIT	iShares Bitcoin Trust ETF	Reduced	1,480,500	-1,996,100	$56,880,810	−67.0%	0.65%
TRIP	TripAdvisor, Inc. Consumer Cyclical	Added	4,877,216	+3,811,056	$51,991,122	+234.9%	0.60%
HWM	Howmet Aerospace Inc. Industrials	NEW	211,700	NEW	$48,788,382	NEW	0.56%
TSLA	Tesla, Inc. Consumer Cyclical	Added	129,190	+16,890	$48,026,382	−4.9%	0.55%
NBIS	Nebius Group N.V. Communication Services	Reduced	453,357	-103,443	$47,040,322	+0.9%	0.54%
GME	GameStop Corp. Consumer Cyclical	Reduced	1,934,765	-87,388	$44,576,985	+9.8%	0.51%
ARKB	Ark 21Shares Bitcoin ETF	Held	1,966,887	0	$44,235,288	−22.6%	0.51%
SIRI	Sirius Xm Holdings Inc. Communication Services	Reduced	1,885,803	-84,301	$43,524,333	+10.5%	0.50%
UBER	Uber Technologies, Inc Technology	Added	491,849	+87,095	$35,378,698	+7.0%	0.41%
CMCSA	Comcast Corp Communication Services	NEW	1,067,001	NEW	$30,633,598	NEW	0.35%
NWSA	News Corp Communication Services	Held	1,183,664	0	$29,508,743	−4.6%	0.34%
COST	Costco Wholesale Corp /New Consumer Defensive	NEW	28,430	NEW	$28,328,504	NEW	0.33%
SOLV	Solventum Corp Healthcare	Held	388,022	0	$25,337,836	−17.6%	0.29%
BA	Boeing Co Industrials	NEW	126,234	NEW	$25,124,353	NEW	0.29%
AMD	Advanced Micro Devices Inc Technology	NEW	123,369	NEW	$25,096,955	NEW	0.29%
AAPL	Apple Inc. Technology	NEW	98,581	NEW	$25,018,871	NEW	0.29%
FETH	Fidelity Ethereum Fund	Held	1,126,139	0	$23,513,782	−29.5%	0.27%
CNK	Cinemark Holdings, Inc. Communication Services	Reduced	757,000	-366,000	$21,589,640	−17.3%	0.25%
BRK-B	Berkshire Hathaway Inc Financial Services	NEW	44,079	NEW	$21,122,656	NEW	0.24%
AGNC	AGNC Investment Corp. Real Estate	Added	1,929,829	+129,829	$19,356,184	+0.3%	0.22%
QCOM	Qualcomm Inc/De Technology	NEW	148,894	NEW	$19,174,569	NEW	0.22%
META	Meta Platforms, Inc. Communication Services	NEW	33,304	NEW	$19,054,217	NEW	0.22%
MDLN	Medline Inc. Healthcare	Added	425,000	+190,000	$18,912,500	+91.6%	0.22%
MAT	Mattel Inc /De/ Consumer Cyclical	NEW	1,300,000	NEW	$18,889,000	NEW	0.22%
CON	Concentra Group Holdings Parent, Inc. Healthcare	Held	862,750	0	$18,505,987	+9.0%	0.21%
CHTR	Charter Communications, Inc. /Mo/ Communication Services	Reduced	76,465	-5,725	$16,507,264	−3.8%	0.19%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	NEW	127,188	NEW	$15,957,006	NEW	0.18%
DHR	Danaher Corp /De/ Healthcare	NEW	83,170	NEW	$15,769,032	NEW	0.18%