HAP Trading, LLC

CIK

1484972

Location

NEW YORK, NY

Portfolio Value

Mid $1,867,555,471

Diversification

Diversified

Filing Date

Global Rank

#1,398 / 8,129 ▲ 48 · as of Jun 2025

Top Industry

Internet Content & Information 21.4%

Period ended 1 year ago

Filed Aug 13, 2025 · 1y

22 quarters · since Mar 2020

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 Jun 30, 2025, never from the firm's own description.

Style

Diversified active

Top 10 weight 38.5%, 43.2 effective positions, active share 81.1% against the Nasdaq-100 as of 2025-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

207.5% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 2.6 quarters (under 4)

Closest benchmark: the Nasdaq-100 as of 2025-06-30, active share 81.1%; sector active share 14.8% against the combined 13F book's sector weights.

Over time 22 measured quarters

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

435 tracked positions · as of Jun 30, 2025 · Δ vs Mar 31, 2025

Top Position

19.5%

−1.9 pts

Top 5

54.4%

+6.3 pts

Top 10

68.7%

+1.0 pts

HHI

780

Diversified+22

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2025

Sector	% Portfolio	Value	Positions
Communication Services	37.8%	$705,835,007	32
Technology	27.7%	$517,677,572	84
Financial Services	13.0%	$243,466,938	43
Healthcare	6.8%	$127,913,324	41
Consumer Cyclical	5.0%	$93,177,868	55
Industrials	4.1%	$76,982,721	36
Unclassified	3.2%	$59,014,797	59
Consumer Defensive	0.9%	$16,230,834	23
Energy	0.6%	$10,970,437	24
Utilities	0.5%	$8,443,872	8
Basic Materials	0.4%	$7,790,469	26
Real Estate	0.0%	$51,632	4

Last Quarter's Activity

Export CSV

Jun 30, 2025 vs Mar 31, 2025

Added To

Positions the filer increased

22 positions

Ticker	Company	Δ Shares	Shares	Value
EWC	iShares Trust	+205,855	239,905	$0
NU	Nu Holdings Ltd.	+98,927	141,504	$1,941,434
CLSK	Cleanspark, Inc.	+45,666	108,775	$1,199,788
W	Wayfair Inc.	+36,750	85,854	$4,390,573
AES	Aes Corp	+31,811	73,998	$778,458
TD	Toronto Dominion Bank	+25,929	48,917	$3,592,953
PENN	PENN Entertainment, Inc.	+25,663	105,942	$1,893,183
OXY	Occidental Petroleum Corp	+14,611	25,249	$1,060,710
SMCI	Super Micro Computer, Inc.	+14,610	59,518	$2,916,977
ON	On Semiconductor Corp	+12,505	89,946	$4,714,069
—		+11,862	36,538	$0
MDB	MongoDB, Inc.	+9,701	36,230	$7,607,937
GTLB	Gitlab Inc.	+8,445	18,752	$845,902
—		+6,986	42,832	$0
IMXI	International Money Express, Inc.	+6,215	24,214	$244,319
DXCM	Dexcom Inc	+6,140	18,836	$1,644,194
TOST	Toast, Inc.	+5,905	19,633	$869,545
SNAP	Snap Inc	+4,135	42,541	$369,681
CORZ	Core Scientific, Inc.	+3,797	105,295	$1,797,385
ACI	Albertsons Companies, Inc.	+3,268	17,895	$384,921
XYZ	Block, Inc.	+790	15,684	$1,065,414
TMUS	T-Mobile US, Inc.	+340	13,552	$3,228,899
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KGC	Kinross Gold Corp	−145,634	19,119	$298,829
INTC	Intel Corp	−108,091	42,580	$953,792
WSC	WillScot Holdings Corp	−75,370	10,699	$293,152
APLD	Applied Digital Corp.	−73,864	41,989	$422,829
PFE	Pfizer Inc	−64,659	61,326	$1,486,542
TKO	TKO Group Holdings, Inc.	−63,587	31,019	$5,643,907
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−36,322	39,505	$8,947,487
ARM	Arm Holdings PLC	−33,610	24,286	$3,928,017
TTD	Trade Desk, Inc.	−31,433	25,056	$1,803,781
PDD	PDD Holdings Inc.	−30,904	13,332	$1,395,327
PYPL	PayPal Holdings, Inc.	−28,702	17,789	$1,322,078
COIN	Coinbase Global, Inc.	−24,522	29,886	$10,474,744
MRVL	Marvell Technology, Inc.	−14,621	10,380	$803,412
WFC	Wells Fargo & Company	−12,755	11,815	$946,617
WDC	Western Digital Corp	−11,946	79,770	$5,104,482
GVA	Granite Construction Inc	−9,956	32,617	$3,050,015
TME	Tencent Music Entertainment Group	−9,618	11,656	$227,175
SLF	Sun Life Financial Inc	−8,000	15,000	$996,750
SOUN	Soundhound Ai, Inc.	−6,654	20,903	$224,289
JNJ	Johnson & Johnson	−6,022	22,415	$3,423,891
WBD	Warner Bros. Discovery, Inc.	−5,693	34,484	$395,186
UAL	United Airlines Holdings, Inc.	−4,368	25,326	$2,016,709
SNDK	Sandisk Corp	−4,155	28,497	$1,292,338
HPE	Hewlett Packard Enterprise Co	−2,745	39,887	$815,689
SWKS	Skyworks Solutions, Inc.	−2,283	10,706	$797,811
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SMH	VanEck Semiconductor ETF	40,961	$11,423,203
AMZN	Amazon Com Inc	43,388	$9,518,893
META	Meta Platforms, Inc.	10,966	$8,093,894
CLS	Celestica Inc	42,982	$6,709,920
TSLA	Tesla, Inc.	20,173	$6,408,155
GE	General Electric Co	24,438	$6,290,096
PLTR	Palantir Technologies Inc.	38,382	$5,232,234
BNS	Bank Of Nova Scotia	71,032	$3,925,938
MUB	iShares National Muni Bond ETF	32,284	$3,373,032
RUN	Sunrun Inc.	400,758	$3,278,200
CRM	Salesforce, Inc.	11,997	$3,271,461
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	12,849	$3,253,752
STX	Seagate Technology Holdings plc	22,515	$3,249,589
CM	Canadian Imperial Bank Of Commerce	45,389	$3,214,902
NVO	Novo Nordisk A S	44,060	$3,041,021
EL	Estee Lauder Companies Inc	34,775	$2,809,820
ABBV	AbbVie Inc.	14,777	$2,742,906
GILD	Gilead Sciences, Inc.	24,620	$2,729,619
BAH	Booz Allen Hamilton Holding Corp	17,073	$1,777,811
FND	Floor & Decor Holdings, Inc.	20,565	$1,562,117
CAVA	Cava Group, Inc.	13,340	$1,123,628
BIDU	Baidu, Inc.	12,125	$1,039,840
VOD	Vodafone Group Public Ltd Co	90,616	$965,966
OSCR	Oscar Health, Inc.	39,050	$837,232
SABR	Sabre Corp	263,660	$833,165
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
NVDA	Nvidia Corp	146,678	$15,896,961
BABA	Alibaba Group Holding Ltd	85,071	$11,248,938
SPY	Spdr S&P 500 ETF Trust	17,189	$9,615,354
GOOGL	Alphabet Inc.	58,300	$9,015,512
AMAT	Applied Materials Inc	47,474	$6,889,426
AVGO	Broadcom Inc.	40,432	$6,769,529
ORCL	Oracle Corp	42,997	$6,011,410
MSFT	Microsoft Corp	15,828	$5,941,672
SPOT	Spotify Technology S.A.	10,243	$5,633,957
HAL	Halliburton Co	193,131	$4,899,733
TWLO	Twilio Inc	46,392	$4,542,240
WMT	Walmart Inc.	48,626	$4,268,876
MSTR	Strategy Inc	14,541	$4,191,734
TXN	Texas Instruments Inc	23,262	$4,180,181
ZS	Zscaler, Inc.	20,667	$4,100,746
NBIX	Neurocrine Biosciences Inc	35,884	$3,968,770
SBUX	Starbucks Corp	37,399	$3,668,467
BA	Boeing Co	20,987	$3,579,332
DDOG	Datadog, Inc.	35,212	$3,493,382
TFC	Truist Financial Corp	83,515	$3,436,642
AAPL	Apple Inc.	13,002	$2,888,134
EFA	iShares MSCI EAFE ETF	29,569	$2,416,674
MU	Micron Technology Inc	27,166	$2,360,453
CORT	Corcept Therapeutics Inc	18,626	$2,127,461
QCOM	Qualcomm Inc	12,472	$1,915,823
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

435 tracked positions · $1,867,555,471 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 435 positions by value · page 1 of 9

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
META	Meta Platforms, Inc. PUT CALL + SHARES Communication Services	Reduced	899,566	-113,334	$363,366,274	+5.6%	1	$617.92	19.46%
APP	AppLovin Corp PUT CALL Communication Services	Reduced	649,500	-7,300	$223,858,097	+30.6%	—	—	11.99%
COIN	Coinbase Global, Inc. PUT CALL + SHARES Financial Services	Added	681,886	+107,878	$196,012,217	+126.4%	6	$231.25	10.50%
AVGO	Broadcom Inc. PUT CALL Technology	Reduced	783,600	-47,732	$131,938,296	+84.4%	—	—	7.06%
NVDA	Nvidia Corp PUT CALL Technology	Reduced	1,179,300	-231,978	$101,363,809	+26.5%	—	—	5.43%
COR	Cencora, Inc. PUT CALL Healthcare	Reduced	442,100	-10,600	$97,626,603	+7.6%	—	—	5.23%
NFLX	Netflix Inc PUT CALL Communication Services	Added	118,800	+16,700	$74,826,192	+2114.6%	—	—	4.01%
PLTR	Palantir Technologies Inc. PUT CALL + SHARES Technology	Added	453,582	+78,482	$36,989,701	+76.3%	1	$117.28	1.98%
MDB	MongoDB, Inc. PUT CALL + SHARES Technology	Added	153,430	+7,101	$30,220,040	+29.9%	6	$293.64	1.62%
SNOW	Snowflake Inc. PUT CALL Technology	Reduced	163,200	-10,119	$26,087,508	+563.0%	—	—	1.40%
PANW	Palo Alto Networks Inc PUT CALL Technology	Reduced	354,000	-25,500	$24,633,599	−0.2%	—	—	1.32%
CVNA	Carvana Co. PUT CALL Consumer Cyclical	Reduced	84,100	-48,300	$23,390,588	+2500.9%	—	—	1.25%
TSLA	Tesla, Inc. PUT CALL + SHARES Consumer Cyclical	Added	548,973	+23,373	$23,320,536	+63.3%	1	$301.28	1.25%
WDC	Western Digital Corp PUT CALL + SHARES Technology	Reduced	485,670	-1,537,146	$21,860,847	−73.3%	6	unpriced	1.17%
GVA	Granite Construction Inc CALL + SHARES Industrials	Reduced	232,617	-9,956	$21,752,015	+18.9%	6	$64.51	1.16%
JCI	Johnson Controls International plc CALL Industrials	Reduced	179,100	-24,100	$18,916,542	+672.5%	—	—	1.01%
RDDT	Reddit, Inc. PUT CALL Communication Services	Added	133,800	+5,000	$16,911,217	+486.0%	—	—	0.91%
AMZN	Amazon Com Inc PUT CALL + SHARES Consumer Cyclical	Added	586,488	+195,688	$15,191,722	+247.2%	1	$197.89	0.81%
TSM	Taiwan Semiconductor Manufacturing Co Ltd PUT CALL + SHARES Technology	Reduced	231,305	-102,722	$12,531,603	−17.2%	2	$194.34	0.67%
SMH	VanEck Semiconductor ETF PUT CALL + SHARES	Reduced	207,261	-49,439	$12,159,120	+382.7%	1	$231.87	0.65%
AMD	Advanced Micro Devices Inc PUT CALL + SHARES Technology	Added	653,558	+54,882	$11,226,248	+42.6%	3	$143.89	0.60%
ARM	Arm Holdings PLC PUT CALL + SHARES Technology	Reduced	115,086	-110,610	$10,631,877	+22.1%	4	$140.10	0.57%
W	Wayfair Inc. PUT CALL + SHARES Consumer Cyclical	Added	669,854	+28,050	$9,661,459	+164.6%	10	$47.01	0.52%
SPY	Spdr S&P 500 ETF Trust PUT CALL	Added	595,200	+251,811	$9,498,833	−38.9%	—	—	0.51%
MSTR	Strategy Inc PUT CALL Technology	Reduced	32,800	-52,441	$9,439,928	+18.9%	—	—	0.51%
MSFT	Microsoft Corp PUT CALL Technology	Added	237,600	+3,372	$8,877,482	−0.9%	—	—	0.48%
MUB	iShares National Muni Bond ETF PUT CALL + SHARES	NEW	283,384	NEW	$8,653,729	NEW	1	unpriced	0.46%
HOOD	Robinhood Markets, Inc. PUT CALL Financial Services	Reduced	132,700	-1,100	$8,437,552	+1097.7%	—	—	0.45%
CLS	Celestica Inc CALL + SHARES Technology	NEW	50,782	NEW	$7,927,578	NEW	1	$106.30	0.42%
SOXL	Direxion Daily Semiconductor Bull 3X Shares PUT CALL	Added	385,500	+195,162	$7,749,069	+528.7%	—	—	0.41%
ON	On Semiconductor Corp PUT CALL + SHARES Technology	Added	401,146	+49,705	$7,386,271	+65.6%	7	$61.00	0.40%
GE	General Electric Co PUT CALL + SHARES Industrials	NEW	237,238	NEW	$7,005,105	NEW	1	$219.43	0.38%
QQQ	Invesco Qqq Trust, Series 1 PUT CALL	Added	189,700	+25,800	$6,858,910	+87.1%	—	—	0.37%
TKO	TKO Group Holdings, Inc. PUT + SHARES Communication Services	Reduced	251,019	-182,187	$5,643,929	−62.4%	2	$152.78	0.30%
IREN	IREN Ltd PUT CALL Financial Services	Added	648,200	+82,500	$5,483,725	+190.3%	—	—	0.29%
WMT	Walmart Inc. PUT CALL Consumer Defensive	Added	551,100	+432,274	$5,464,162	+19.4%	—	—	0.29%
RUN	Sunrun Inc. PUT CALL + SHARES Technology	NEW	1,779,958	NEW	$4,976,040	NEW	1	$7.86	0.27%
STX	Seagate Technology Holdings plc PUT CALL + SHARES Technology	NEW	122,415	NEW	$4,661,112	NEW	1	$103.52	0.25%
UBER	Uber Technologies, Inc PUT CALL Technology	Added	331,800	+85,800	$4,449,838	+96.4%	—	—	0.24%
GEV	GE Vernova Inc. CALL Industrials	NEW	8,400	NEW	$4,444,860	NEW	—	—	0.24%
ASTS	AST SpaceMobile, Inc. CALL Technology	Added	94,000	+14,400	$4,392,620	+142.7%	—	—	0.24%
SMCI	Super Micro Computer, Inc. PUT CALL + SHARES Technology	Reduced	310,718	-60,790	$4,225,369	−40.0%	4	$51.18	0.23%
MP	MP Materials Corp. PUT CALL Basic Materials	NEW	144,400	NEW	$4,212,678	NEW	—	—	0.23%
AAPL	Apple Inc. PUT CALL Technology	Added	378,300	+84,998	$3,994,698	−42.0%	—	—	0.21%
BNS	Bank Of Nova Scotia Financial Services	NEW	71,032	NEW	$3,925,938	NEW	1	$50.90	0.21%
BAH	Booz Allen Hamilton Holding Corp PUT + SHARES Industrials	NEW	37,573	NEW	$3,912,476	NEW	1	$112.00	0.21%
CRM	Salesforce, Inc. PUT CALL + SHARES Technology	Added	67,297	+47,097	$3,871,758	+1359.8%	1	$267.35	0.21%
JNJ	Johnson & Johnson PUT CALL + SHARES Healthcare	Added	112,815	+48,678	$3,812,861	−21.4%	7	$155.17	0.20%
BA	Boeing Co PUT CALL Industrials	Added	189,200	+713	$3,639,177	−25.7%	—	—	0.19%
TD	Toronto Dominion Bank Financial Services	Reduced	48,917	-99,671	$3,592,953	−59.7%	2	$61.95	0.19%

Showing the top 50 of 435 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.