HAP Trading, LLC
Filing Date
Sep 30, 2025
Global Rank
#602
/ 7,983
Top Industry
Semiconductors
14.0%
3Y Alpha vs SPY
+26.9%
Period ended 9 months ago
Filed Nov 12, 2025 · 7mo
Clone Performance
Nov 2025–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+26.3%
SPY
+12.3%
Annualised alpha
+26.9%
Max drawdown
−9.7%
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
452 positions · as of Sep 30, 2025Top Position
8.0%
of portfolio value
Top 5
27.9%
of portfolio value
Top 10
40.4%
of portfolio value
HHI
237
Diversified
Sector Breakdown
As of Sep 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 30.5% | $1,810,244,510 |
| Communication Services | 20.7% | $1,231,701,863 |
| Consumer Cyclical | 14.9% | $885,271,013 |
| Financial Services | 8.5% | $501,763,738 |
| Unclassified | 7.4% | $437,399,730 |
| Healthcare | 6.1% | $364,832,228 |
| Industrials | 5.2% | $310,823,744 |
| Energy | 2.3% | $135,428,457 |
| Consumer Defensive | 1.8% | $106,627,740 |
| Basic Materials | 1.3% | $79,088,224 |
| Utilities | 1.2% | $69,183,833 |
| Real Estate | 0.1% | $3,665,672 |
111 positions ·
$1,810,244,510 total
· Technology only
· 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 111 positions by value
· page 1 of 3
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BB |
BLACKBERRY Ltd
Technology
|
First | 11,800 | $57,584 | 0.00% | |
| RZLV |
Rezolve Ai PLC
Technology
|
First | 12,200 | $60,756 | 0.00% | |
| DOMO |
Domo, Inc.
Technology
|
First | 10,100 | $159,984 | 0.01% | |
| ARRY |
Array Technologies, Inc.
Technology
|
First | 30,100 | $245,315 | 0.01% | |
| AIFC |
AI Financial Corp
Technology
|
First | 100,000 | $269,000 | 0.01% | |
| LAES |
SEALSQ Corp
Technology
|
First | 76,300 | $285,362 | 0.02% | |
| PONY |
Pony AI Inc.
Technology
|
First | 15,500 | $348,595 | 0.02% | |
| PGY |
Pagaya Technologies Ltd.
Technology
|
First | 14,400 | $427,536 | 0.02% | |
| MVIS |
Microvision, Inc.
Technology
|
First | 406,700 | $504,308 | 0.03% | |
| FIVN |
Five9, Inc.
Technology
|
First | 22,500 | $544,500 | 0.03% | |
| SABR |
Sabre Corp
Technology
|
First | 304,222 | $556,726 | 0.03% | |
| S |
SentinelOne, Inc.
Technology
|
First | 31,884 | $561,477 | 0.03% | |
| PATH |
UiPath, Inc.
Technology
|
First | 45,000 | $602,100 | 0.03% | |
| VSAT |
Viasat Inc
Technology
|
First | 24,818 | $727,167 | 0.04% | |
| ZETA |
Zeta Global Holdings Corp.
Technology
|
First | 37,252 | $740,197 | 0.04% | |
| AI |
C3.ai, Inc.
Technology
|
First | 43,734 | $758,347 | 0.04% | |
| KEEL |
Keel Infrastructure Corp.
Technology
|
First | 294,800 | $831,336 | 0.05% | |
| FLEX |
Flex Ltd.
Technology
|
First | 15,323 | $888,274 | 0.05% | |
| SHLS |
Shoals Technologies Group, Inc.
Technology
|
First | 131,300 | $972,933 | 0.05% | |
| DLO |
dLocal Ltd
Technology
|
First | 68,602 | $979,636 | 0.05% | |
| GLW |
Corning Inc /Ny
Technology
|
First | 12,890 | $1,057,366 | 0.06% | |
| PAYO |
Payoneer Global Inc.
Technology
|
First | 193,447 | $1,170,354 | 0.06% | |
| QUBT |
Quantum Computing Inc.
Technology
|
First | 63,800 | $1,174,558 | 0.06% | |
| GRAB |
Grab Holdings Ltd
Technology
|
First | 200,400 | $1,206,408 | 0.07% | |
| ZM |
Zoom Communications, Inc.
Technology
|
First | 15,400 | $1,270,500 | 0.07% | |
| FLYW |
Flywire Corp
Technology
|
First | 105,000 | $1,421,700 | 0.08% | |
| RELY |
Remitly Global, Inc.
Technology
|
First | 88,196 | $1,437,594 | 0.08% | |
| BILL |
BILL Holdings, Inc.
Technology
|
First | 28,800 | $1,525,536 | 0.08% | |
| NET |
Cloudflare, Inc.
Technology
|
First | 7,300 | $1,566,507 | 0.09% | |
| TER |
Teradyne, Inc
Technology
|
First | 11,400 | $1,569,096 | 0.09% | |
| LYFT |
Lyft, Inc.
Technology
|
First | 71,800 | $1,580,318 | 0.09% | |
| BTDR |
Bitdeer Technologies Group
Technology
|
First | 101,849 | $1,740,599 | 0.10% | |
| ALLT |
Allot Ltd.
Technology
|
First | 165,100 | $1,746,758 | 0.10% | |
| CRDO |
Credo Technology Group Holding Ltd
Technology
|
First | 12,000 | $1,747,320 | 0.10% | |
| DDOG |
Datadog, Inc.
Technology
|
First | 13,100 | $1,865,440 | 0.10% | |
| COHR |
Coherent Corp.
Technology
|
First | 17,844 | $1,922,155 | 0.11% | |
| SOUN |
Soundhound Ai, Inc.
Technology
|
First | 119,541 | $1,922,219 | 0.11% | |
| FTNT |
Fortinet, Inc.
Technology
|
First | 24,000 | $2,017,920 | 0.11% | |
| NOW |
ServiceNow, Inc.
Technology
|
First | 11,200 | $2,061,427 | 0.11% | |
| HPQ |
Hp Inc
Technology
|
First | 77,900 | $2,121,217 | 0.12% | |
| TOST |
Toast, Inc.
Technology
|
First | 59,843 | $2,184,867 | 0.12% | |
| CIFR |
Cipher Digital Inc.
Technology
|
First | 176,602 | $2,223,419 | 0.12% | |
| GDS |
GDS Holdings Ltd
Technology
|
First | 60,900 | $2,356,830 | 0.13% | |
| QBTS |
D-Wave Quantum Inc.
Technology
|
First | 97,456 | $2,408,137 | 0.13% | |
| OKTA |
Okta, Inc.
Technology
|
First | 27,000 | $2,475,900 | 0.14% | |
| ENPH |
Enphase Energy, Inc.
Technology
|
First | 70,404 | $2,491,597 | 0.14% | |
| GTLB |
Gitlab Inc.
Technology
|
First | 56,842 | $2,562,437 | 0.14% | |
| INFY |
Infosys Ltd
Technology
|
First | 159,578 | $2,596,334 | 0.14% | |
| WIX |
Wix.com Ltd.
Technology
|
First | 14,700 | $2,611,161 | 0.14% | |
| TXN |
Texas Instruments Inc
Technology
|
First | 14,600 | $2,682,458 | 0.15% |