HAP Trading, LLC
Filing Date
Global Rank
#1,217
/ 8,062
▲ 15
· as of Jun 2025
Top Industry
Internet Content & Information
21.4%
3Y Alpha vs SPY
+18.6%
Period ended 1 year ago
Filed Aug 13, 2025 · 1y
22 quarters · since Mar 2020
Clone Performance
Sep 2023–Jan 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Not a measure of this manager's performance.
Most of HAP Trading, LLC's reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
26% that is ordinary stock — as little as
11% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+116.1%
SPY
+53.8%
Annualised alpha
+18.6%
Max drawdown
−28.8%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 26% of reported value on average across 9 quarters.HAP Trading, LLC has stopped filing, so the simulation ends in Jan 2026 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.
Portfolio Concentration
392 tracked positions · as of Jun 30, 2025 · Δ vs Mar 31, 2025Top Position
19.9%
−1.7 pts
Top 5
55.6%
+7.0 pts
Top 10
70.1%
+1.8 pts
HHI
813
Diversified+42
Portfolio Trend
22 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Communication Services | 38.6% | $705,835,007 |
| Technology | 28.3% | $517,677,572 |
| Financial Services | 13.3% | $243,345,444 |
| Healthcare | 7.0% | $127,913,324 |
| Consumer Cyclical | 5.1% | $93,177,868 |
| Industrials | 4.2% | $76,982,721 |
| Unclassified | 1.1% | $19,577,756 |
| Consumer Defensive | 0.9% | $16,230,834 |
| Energy | 0.6% | $10,980,239 |
| Utilities | 0.5% | $8,443,872 |
| Basic Materials | 0.4% | $7,790,469 |
| Real Estate | 0.0% | $51,632 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PENN | PENN Entertainment, Inc. | +555,263 | 635,542 | $2,082,805 | |
| WMT | Walmart Inc. | +432,274 | 551,100 | $5,464,162 | |
| ECHO | EchoStar CORP | +265,435 | 431,800 | $881,335 | |
| DELL | Dell Technologies Inc. | +263,244 | 343,100 | $1,447,326 | |
| SPY | Spdr S&P 500 ETF Trust | +251,811 | 595,200 | $9,498,833 | |
| ROKU | Roku, Inc | +218,200 | 243,600 | $1,354,481 | |
| AMZN | Amazon Com Inc | +195,688 | 586,488 | $15,191,722 | |
| FLG | Flagstar Bank, National Association | +182,308 | 219,408 | $710,915 | |
| — | +181,400 | 217,100 | $0 | ||
| CLSK | Cleanspark, Inc. | +164,466 | 505,775 | $1,741,120 | |
| HTZ | Hertz Global Holdings, Inc | +150,500 | 503,300 | $149,220 | |
| OSG | Octave Specialty Group Inc | +147,061 | 239,000 | $35,850 | |
| XYZ | Block, Inc. | +143,290 | 219,184 | $1,349,806 | |
| GLD | Spdr Gold Trust | +138,400 | 255,000 | $2,418,814 | |
| IHRT | iHeartMedia, Inc. | +121,948 | 846,948 | $287,128 | |
| MRVL | Marvell Technology, Inc. | +109,979 | 200,480 | $1,745,389 | |
| UNH | Unitedhealth Group Inc | +108,100 | 177,400 | $2,887,478 | |
| COIN | Coinbase Global, Inc. | +107,878 | 681,886 | $196,012,217 | |
| JD | JD.com, Inc. | +102,411 | 246,411 | $1,080,026 | |
| AAL | American Airlines Group Inc. | +101,200 | 401,900 | $134,253 | |
| DBRG | DigitalBridge Group, Inc. | +101,200 | 231,500 | $401,092 | |
| NVAX | Novavax Inc | +101,100 | 201,200 | $227,853 | |
| NU | Nu Holdings Ltd. | +98,427 | 349,004 | $2,109,266 | |
| NVO | Novo Nordisk A S | +95,060 | 123,160 | $3,434,236 | |
| CNQ | CANADIAN NATURAL RESOURCES Ltd | +93,300 | 106,100 | $3,331,540 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PLUG | Plug Power Inc | −2,493,500 | 31,600 | $20,362 | |
| WDC | Western Digital Corp | −1,537,146 | 485,670 | $21,860,847 | |
| RTX | RTX Corp | −469,400 | 15,400 | $110,940 | |
| LFST | LifeStance Health Group, Inc. | −425,400 | 374,700 | $26,781 | |
| CLF | Cleveland-Cliffs Inc. | −310,292 | 33,300 | $12,538 | |
| CCJ | Cameco Corp | −288,208 | 31,300 | $267,878 | |
| BEKE | KE Holdings Inc. | −275,736 | 53,300 | $3,336 | |
| T | At&T Inc. | −251,000 | 167,200 | $242,324 | |
| WSC | WillScot Holdings Corp | −243,870 | 146,699 | $327,087 | |
| NVDA | Nvidia Corp | −231,978 | 1,179,300 | $101,363,809 | |
| PDD | PDD Holdings Inc. | −186,104 | 73,332 | $1,685,116 | |
| TKO | TKO Group Holdings, Inc. | −182,187 | 251,019 | $5,643,929 | |
| WBD | Warner Bros. Discovery, Inc. | −155,793 | 134,484 | $513,186 | |
| PFE | Pfizer Inc | −150,059 | 373,926 | $1,661,461 | |
| — | −140,222 | 22,300 | $0 | ||
| KGC | Kinross Gold Corp | −136,934 | 43,519 | $315,869 | |
| NIO | NIO Inc. | −127,917 | 75,800 | $58,969 | |
| AMAT | Applied Materials Inc /De | −127,474 | 48,400 | $431,332 | |
| SE | Sea Ltd | −124,100 | 6,500 | $1,039,610 | |
| MU | Micron Technology Inc | −117,966 | 140,700 | $1,603,475 | |
| INTC | Intel Corp | −117,491 | 353,780 | $1,634,703 | |
| BAC | Bank Of America Corp /De/ | −114,500 | 81,800 | $356,092 | |
| META | Meta Platforms, Inc. | −113,334 | 899,566 | $363,366,274 | |
| FIVN | Five9, Inc. | −111,917 | 22,500 | $41 | |
| ARM | Arm Holdings PLC /Uk | −110,610 | 115,086 | $10,631,877 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CLS | Celestica Inc | 50,782 | $7,927,578 | |
| GE | General Electric Co | 237,238 | $7,005,105 | |
| RUN | Sunrun Inc. | 1,779,958 | $4,976,040 | |
| STX | Seagate Technology Holdings plc | 122,415 | $4,661,112 | |
| GEV | GE Vernova Inc. | 8,400 | $4,444,860 | |
| MP | MP Materials Corp. / DE | 144,400 | $4,212,678 | |
| BNS | Bank Of Nova Scotia | 71,032 | $3,925,938 | |
| BAH | Booz Allen Hamilton Holding Corp | 37,573 | $3,912,476 | |
| CM | Canadian Imperial Bank Of Commerce /Can/ | 45,389 | $3,214,902 | |
| GILD | Gilead Sciences, Inc. | 276,920 | $3,167,532 | |
| RKLB | Rocket Lab Corp | 335,866 | $2,261,768 | |
| FTNT | Fortinet, Inc. | 18,500 | $1,955,820 | |
| CAPR | Capricor Therapeutics, Inc. | 236,700 | $1,947,966 | |
| FND | Floor & Decor Holdings, Inc. | 171,265 | $1,732,652 | |
| PWR | Quanta Services, Inc. | 4,500 | $1,701,360 | |
| RBLX | Roblox Corp | 15,900 | $1,672,680 | |
| VG | Venture Global, Inc. | 906,658 | $1,581,111 | |
| CRDO | Credo Technology Group Holding Ltd | 16,300 | $1,509,217 | |
| AVAV | AeroVironment Inc | 5,000 | $1,424,750 | |
| VOD | Vodafone Group Public Ltd Co | 344,016 | $1,091,476 | |
| OSCR | Oscar Health, Inc. | 158,550 | $1,066,008 | |
| UAA | Under Armour, Inc. | 149,547 | $1,021,406 | |
| AMCR | Amcor plc | 110,925 | $1,019,400 | |
| FSLR | First Solar, Inc. | 77,900 | $1,007,950 | |
| SABR | Sabre Corp | 407,660 | $894,106 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| RCL | Royal Caribbean Cruises Ltd | 361,500 | $74,266,560 | |
| BRK-B | Berkshire Hathaway Inc | 101,000 | $53,790,580 | |
| HAL | Halliburton Co | 420,631 | $10,192,096 | |
| NBIX | Neurocrine Biosciences Inc | 81,384 | $4,645,420 | |
| TXN | Texas Instruments Inc | 23,262 | $4,180,181 | |
| TFC | Truist Financial Corp | 187,715 | $4,126,672 | |
| BMRN | Biomarin Pharmaceutical Inc | 44,534 | $3,148,108 | |
| CORT | Corcept Therapeutics Inc | 56,126 | $2,181,274 | |
| FOXA | Fox Corp | 26,169 | $1,481,165 | |
| APPN | Appian Corp | 230,840 | $996,064 | |
| UBS | UBS Group AG | 31,702 | $971,032 | |
| EMBJ | Embraer S.A. | 18,347 | $847,631 | |
| TOL | Toll Brothers, Inc. | 8,000 | $844,720 | |
| MGM | MGM Resorts International | 51,883 | $775,260 | |
| CE | Celanese Corp | 84,026 | $766,323 | |
| BG | Bunge Global SA | 85,400 | $745,278 | |
| RILY | BRC Group Holdings, Inc. | 173,062 | $669,749 | |
| GIS | General Mills Inc | 49,653 | $637,727 | |
| BOOM | DMC Global Inc. | 450,970 | $438,527 | |
| CMPX | Compass Therapeutics, Inc. | 277,100 | $391,340 | |
| HUM | Humana Inc | 18,400 | $324,509 | |
| KROS | Keros Therapeutics, Inc. | 102,551 | $295,794 | |
| DE | Deere & Co | 10,700 | $275,198 | |
| MCK | Mckesson Corp | 2,100 | $269,970 | |
| EWTX | Edgewise Therapeutics, Inc. | 120,000 | $202,500 | |
| No positions match the current search. | ||||
392 tracked positions ·
$1,828,006,738 total
· filing declares
724 positions · $1,057,403,462
· as of Jun 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 392 positions by value
· page 1 of 8
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| META |
Meta Platforms, Inc.
PUT
CALL
+ SHARES
Communication Services
|
Reduced | 899,566 | $363,366,274 | 19.88% | |
| APP |
AppLovin Corp
PUT
CALL
Communication Services
|
Reduced | 649,500 | $223,858,097 | 12.25% | |
| COIN |
Coinbase Global, Inc.
PUT
CALL
+ SHARES
Financial Services
|
Added | 681,886 | $196,012,217 | 10.72% | |
| AVGO |
Broadcom Inc.
PUT
CALL
Technology
|
Reduced | 783,600 | $131,938,296 | 7.22% | |
| NVDA |
Nvidia Corp
PUT
CALL
Technology
|
Reduced | 1,179,300 | $101,363,809 | 5.55% | |
| COR |
Cencora, Inc.
PUT
CALL
Healthcare
|
Reduced | 442,100 | $97,626,603 | 5.34% | |
| NFLX |
Netflix Inc
PUT
CALL
Communication Services
|
Added | 118,800 | $74,826,192 | 4.09% | |
| PLTR |
Palantir Technologies Inc.
PUT
CALL
+ SHARES
Technology
|
Added | 453,582 | $36,989,701 | 2.02% | |
| MDB |
MongoDB, Inc.
PUT
CALL
+ SHARES
Technology
|
Added | 153,430 | $30,220,040 | 1.65% | |
| SNOW |
Snowflake Inc.
PUT
CALL
Technology
|
Reduced | 163,200 | $26,087,508 | 1.43% | |
| PANW |
Palo Alto Networks Inc
PUT
CALL
Technology
|
Reduced | 354,000 | $24,633,599 | 1.35% | |
| CVNA |
Carvana Co.
PUT
CALL
Consumer Cyclical
|
Reduced | 84,100 | $23,390,588 | 1.28% | |
| TSLA |
Tesla, Inc.
PUT
CALL
+ SHARES
Consumer Cyclical
|
Added | 548,973 | $23,320,536 | 1.28% | |
| WDC |
Western Digital Corp
PUT
CALL
+ SHARES
Technology
|
Reduced | 485,670 | $21,860,847 | 1.20% | |
| GVA |
Granite Construction Inc
CALL
+ SHARES
Industrials
|
Reduced | 232,617 | $21,752,015 | 1.19% | |
| JCI |
Johnson Controls International plc
CALL
Industrials
|
Reduced | 179,100 | $18,916,542 | 1.03% | |
| RDDT |
Reddit, Inc.
PUT
CALL
Communication Services
|
Added | 133,800 | $16,911,217 | 0.93% | |
| AMZN |
Amazon Com Inc
PUT
CALL
+ SHARES
Consumer Cyclical
|
Added | 586,488 | $15,191,722 | 0.83% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
PUT
CALL
+ SHARES
Technology
|
Reduced | 231,305 | $12,531,603 | 0.69% | |
| AMD |
Advanced Micro Devices Inc
PUT
CALL
+ SHARES
Technology
|
Added | 653,558 | $11,226,248 | 0.61% | |
| ARM |
Arm Holdings PLC /Uk
PUT
CALL
+ SHARES
Technology
|
Reduced | 115,086 | $10,631,877 | 0.58% | |
| W |
Wayfair Inc.
PUT
CALL
+ SHARES
Consumer Cyclical
|
Added | 669,854 | $9,661,459 | 0.53% | |
| SPY |
Spdr S&P 500 ETF Trust
PUT
CALL
|
Added | 595,200 | $9,498,833 | 0.52% | |
| MSTR |
Strategy Inc
PUT
CALL
Technology
|
Reduced | 32,800 | $9,439,928 | 0.52% | |
| MSFT |
Microsoft Corp
PUT
CALL
Technology
|
Added | 237,600 | $8,877,482 | 0.49% | |
| HOOD |
Robinhood Markets, Inc.
PUT
CALL
Financial Services
|
Reduced | 132,700 | $8,437,552 | 0.46% | |
| CLS |
Celestica Inc
CALL
+ SHARES
Technology
|
NEW | 50,782 | $7,927,578 | 0.43% | |
| ON |
On Semiconductor Corp
PUT
CALL
+ SHARES
Technology
|
Added | 401,146 | $7,386,271 | 0.40% | |
| GE |
General Electric Co
PUT
CALL
+ SHARES
Industrials
|
NEW | 237,238 | $7,005,105 | 0.38% | |
| QQQ |
Invesco Qqq Trust, Series 1
PUT
CALL
|
Added | 189,700 | $6,858,910 | 0.38% | |
| TKO |
TKO Group Holdings, Inc.
PUT
+ SHARES
Communication Services
|
Reduced | 251,019 | $5,643,929 | 0.31% | |
| IREN |
IREN Ltd
PUT
CALL
Financial Services
|
Added | 648,200 | $5,483,725 | 0.30% | |
| WMT |
Walmart Inc.
PUT
CALL
Consumer Defensive
|
Added | 551,100 | $5,464,162 | 0.30% | |
| RUN |
Sunrun Inc.
PUT
CALL
+ SHARES
Technology
|
NEW | 1,779,958 | $4,976,040 | 0.27% | |
| STX |
Seagate Technology Holdings plc
PUT
CALL
+ SHARES
Technology
|
NEW | 122,415 | $4,661,112 | 0.25% | |
| UBER |
Uber Technologies, Inc
PUT
CALL
Technology
|
Added | 331,800 | $4,449,838 | 0.24% | |
| GEV |
GE Vernova Inc.
CALL
Industrials
|
NEW | 8,400 | $4,444,860 | 0.24% | |
| ASTS |
AST SpaceMobile, Inc.
CALL
Technology
|
Added | 94,000 | $4,392,620 | 0.24% | |
| SMCI |
Super Micro Computer, Inc.
PUT
CALL
+ SHARES
Technology
|
Reduced | 310,718 | $4,225,369 | 0.23% | |
| MP |
MP Materials Corp. / DE
PUT
CALL
Basic Materials
|
NEW | 144,400 | $4,212,678 | 0.23% | |
| AAPL |
Apple Inc.
PUT
CALL
Technology
|
Added | 378,300 | $3,994,698 | 0.22% | |
| BNS |
Bank Of Nova Scotia
Financial Services
|
NEW | 71,032 | $3,925,938 | 0.21% | |
| BAH |
Booz Allen Hamilton Holding Corp
PUT
+ SHARES
Industrials
|
NEW | 37,573 | $3,912,476 | 0.21% | |
| CRM |
Salesforce, Inc.
PUT
CALL
+ SHARES
Technology
|
Added | 67,297 | $3,871,758 | 0.21% | |
| JNJ |
Johnson & Johnson
PUT
CALL
+ SHARES
Healthcare
|
Added | 112,815 | $3,812,861 | 0.21% | |
| BA |
Boeing Co
PUT
CALL
Industrials
|
Added | 189,200 | $3,639,177 | 0.20% | |
| TD |
Toronto Dominion Bank
Financial Services
|
Reduced | 48,917 | $3,592,953 | 0.20% | |
| NVO |
Novo Nordisk A S
PUT
CALL
+ SHARES
Healthcare
|
Added | 123,160 | $3,434,236 | 0.19% | |
| VST |
Vistra Corp.
CALL
Utilities
|
Added | 17,700 | $3,430,437 | 0.19% | |
| CNQ |
CANADIAN NATURAL RESOURCES Ltd
PUT
Energy
|
Added | 106,100 | $3,331,540 | 0.18% |
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.