HAP Trading, LLC

CIK

1049854

Location

NEW YORK, NY

Portfolio Value

Mid $2,278,184,924

Diversification

Diversified

Filing Date

Sep 30, 2025

Global Rank

#1,322 / 8,113 · as of Sep 2025

Top Industry

Advertising Agencies 21.5%

Period ended 1 year ago

Filed Nov 12, 2025 · 12mo

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2025, never from the firm's own description.

Style

Diversified active

Top 10 weight 44.7%, 22.2 effective positions, active share 83.8% against the Nasdaq-100 as of 2025-09-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 1.0 quarters (under 4)

Closest benchmark: the Nasdaq-100 as of 2025-09-30, active share 83.8%; sector active share 18.4% against the combined 13F book's sector weights.

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

508 tracked positions · as of Sep 30, 2025

Top Position

20.4%

of portfolio value

Top 5

48.3%

of portfolio value

Top 10

61.3%

of portfolio value

HHI

671

Diversified

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Communication Services	30.4%	$692,424,823	38
Technology	27.4%	$625,056,545	112
Financial Services	13.7%	$312,915,790	51
Consumer Cyclical	12.2%	$278,439,981	54
Unclassified	4.7%	$106,389,769	62
Industrials	4.5%	$103,048,262	37
Healthcare	2.6%	$60,329,664	57
Energy	2.1%	$47,565,123	27
Basic Materials	1.2%	$26,473,422	34
Consumer Defensive	0.5%	$12,156,179	24
Utilities	0.5%	$12,031,121	9
Real Estate	0.1%	$1,354,245	3

Portfolio Positions

Compact Export CSV View 13F filing

508 tracked positions · $2,278,184,924 total · filing declares 836 positions · $1,418,874,234 · as of Sep 30, 2025

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

Showing 1–50 of 508 positions by value · page 1 of 11

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
APP	AppLovin Corp PUT CALL Communication Services	First	658,200	—	$465,739,162	—	—	—	20.44%
COIN	Coinbase Global, Inc. PUT CALL + SHARES Financial Services	First	641,584	—	$198,450,951	—	1	before history	8.71%
AVGO	Broadcom Inc. PUT CALL + SHARES Technology	First	961,588	—	$170,654,975	—	1	before history	7.49%
TSLA	Tesla, Inc. PUT CALL Consumer Cyclical	First	625,200	—	$139,254,032	—	—	—	6.11%
NVDA	Nvidia Corp PUT CALL Technology	First	1,085,500	—	$127,000,279	—	—	—	5.57%
META	Meta Platforms, Inc. PUT CALL + SHARES Communication Services	First	503,724	—	$77,667,197	—	1	before history	3.41%
WDC	Western Digital Corp PUT CALL Technology	First	587,100	—	$59,542,181	—	—	—	2.61%
W	Wayfair Inc. PUT CALL + SHARES Consumer Cyclical	First	676,130	—	$56,609,999	—	1	before history	2.48%
NFLX	Netflix Inc PUT CALL Communication Services	First	107,700	—	$53,790,196	—	—	—	2.36%
PLTR	Palantir Technologies Inc. PUT CALL Technology	First	410,300	—	$48,858,751	—	—	—	2.14%
RDDT	Reddit, Inc. PUT CALL Communication Services	First	203,700	—	$37,020,312	—	—	—	1.62%
SNOW	Snowflake Inc. PUT CALL Technology	First	130,700	—	$26,133,747	—	—	—	1.15%
JCI	Johnson Controls International plc CALL Industrials	First	226,900	—	$24,947,655	—	—	—	1.10%
COR	Cencora, Inc. PUT + SHARES Healthcare	First	122,109	—	$24,920,993	—	1	before history	1.09%
SOC	Sable Offshore Corp. PUT CALL + SHARES Energy	First	1,842,824	—	$24,822,188	—	1	before history	1.09%
GVA	Granite Construction Inc CALL + SHARES Industrials	First	223,916	—	$24,552,389	—	1	before history	1.08%
IREN	IREN Ltd PUT CALL Financial Services	First	588,900	—	$15,797,176	—	—	—	0.69%
GS	Goldman Sachs Group Inc PUT CALL Financial Services	First	35,300	—	$14,451,487	—	—	—	0.63%
HOOD	Robinhood Markets, Inc. PUT CALL Financial Services	First	142,900	—	$13,982,244	—	—	—	0.61%
MSTR	Strategy Inc PUT CALL Technology	First	55,900	—	$13,362,787	—	—	—	0.59%
AAPL	Apple Inc. PUT CALL + SHARES Technology	First	381,587	—	$13,111,410	—	1	before history	0.58%
BABA	Alibaba Group Holding Ltd PUT CALL Consumer Cyclical	First	578,800	—	$13,025,587	—	—	—	0.57%
AMZN	Amazon Com Inc PUT CALL + SHARES Consumer Cyclical	First	384,329	—	$12,195,617	—	1	before history	0.54%
SPY	Spdr S&P 500 ETF Trust PUT CALL	First	320,700	—	$11,369,419	—	—	—	0.50%
SNDK	Sandisk Corp PUT CALL + SHARES Technology	First	138,813	—	$11,299,781	—	1	before history	0.50%
BNS	Bank Of Nova Scotia Financial Services	First	162,647	—	$10,515,128	—	1	before history	0.46%
MDB	MongoDB, Inc. PUT CALL + SHARES Technology	First	150,533	—	$10,237,294	—	1	before history	0.45%
INTC	Intel Corp PUT CALL + SHARES Technology	First	479,293	—	$10,117,160	—	1	before history	0.44%
CMG	Chipotle Mexican Grill Inc PUT CALL + SHARES Consumer Cyclical	First	286,557	—	$9,305,049	—	1	before history	0.41%
CVNA	Carvana Co. PUT CALL Consumer Cyclical	First	273,200	—	$9,248,019	—	—	—	0.41%
GOOGL	Alphabet Inc. PUT CALL Communication Services	First	267,600	—	$9,037,167	—	—	—	0.40%
MSFT	Microsoft Corp PUT CALL Technology	First	224,300	—	$8,918,028	—	—	—	0.39%
	PUT CALL	First	495,400	—	$8,708,412	—	—	—	0.38%
AMD	Advanced Micro Devices Inc PUT CALL + SHARES Technology	First	354,195	—	$8,478,641	—	1	before history	0.37%
CHTR	Charter Communications, Inc. PUT CALL + SHARES Communication Services	First	118,715	—	$8,403,961	—	1	before history	0.37%
CNQ	CANADIAN NATURAL RESOURCES Ltd PUT + SHARES Energy	First	253,218	—	$8,092,847	—	1	before history	0.36%
QQQ	Invesco Qqq Trust, Series 1 PUT CALL	First	184,300	—	$8,036,074	—	—	—	0.35%
BURL	Burlington Stores, Inc. PUT + SHARES Consumer Cyclical	First	59,033	—	$7,700,583	—	1	before history	0.34%
ANET	Arista Networks, Inc. PUT CALL Technology	First	96,300	—	$7,273,751	—	—	—	0.32%
TSM	Taiwan Semiconductor Manufacturing Co Ltd PUT CALL Technology	First	200,000	—	$6,912,680	—	—	—	0.30%
TD	Toronto Dominion Bank CALL + SHARES Financial Services	First	99,601	—	$6,851,164	—	1	before history	0.30%
TQQQ	ProShares UltraPro QQQ PUT CALL	First	81,800	—	$6,738,241	—	—	—	0.30%
GEV	GE Vernova Inc. CALL Industrials	First	10,900	—	$6,702,410	—	—	—	0.29%
GDX	VanEck Gold Miners ETF PUT CALL + SHARES	First	123,055	—	$6,699,516	—	1	before history	0.29%
ORCL	Oracle Corp PUT CALL Technology	First	308,100	—	$6,671,219	—	—	—	0.29%
WM	Waste Management Inc Industrials	First	27,952	—	$6,172,640	—	1	before history	0.27%
	PUT CALL + SHARES	First	1,051,823	—	$6,166,672	—	1	before history	0.27%
SOXL	Direxion Daily Semiconductor Bull 3X Shares PUT CALL	First	225,800	—	$6,115,584	—	—	—	0.27%
GME	GameStop Corp. PUT CALL Consumer Cyclical	First	367,500	—	$5,858,278	—	—	—	0.26%
SOFI	SoFi Technologies, Inc. PUT CALL Financial Services	First	291,100	—	$5,816,563	—	—	—	0.26%

Showing the top 50 of 508 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.