HBK INVESTMENTS L P
CIK: 0001011443Latest portfolio: $12.7B · Q4 2025
Holdings
222
Total Value
$12.7B
New Positions
72
Closed Positions
68
Top Holdings
View All 222 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | NVDANVIDIA CORPORATION | 5,939,500 | $1.1B | 8.70% | +4.4M | Put |
| 2 | CYBRCYBERARK SOFTWARE LTD | 2,450,000 | $1.1B | 8.59% | +100K | |
| 3 | SPYSPDR S&P 500 ETF TR | 1,263,837 | $861.8M | 6.77% | +271K | Put |
| 4 | EXASEXACT SCIENCES CORP | 7,646,637 | $776.6M | 6.10% | NEW | |
| 5 | HOLXHOLOGIC INC | 8,400,000 | $625.7M | 4.92% | NEW | |
| 6 | NSCNORFOLK SOUTHN CORP | 2,130,000 | $615.0M | 4.83% | +860K | |
| 7 | DAYDAYFORCE INC | 7,850,000 | $542.9M | 4.27% | +3.5M | |
| 8 | CFLTCONFLUENT INC | 15,000,000 | $453.6M | 3.56% | NEW | |
| 9 | GTLSCHART INDS INC | 1,969,092 | $406.1M | 3.19% | -158,783 | |
| 10 | EAELECTRONIC ARTS INC | 1,909,982 | $390.3M | 3.07% | NEW | |
| 11 | NDQINVESCO QQQ TR | 579,500 | $356.0M | 2.80% | +339K | Put |
| 12 | CMACOMERICA INC | 3,975,000 | $345.5M | 2.71% | NEW | |
| 13 | RNAAVIDITY BIOSCIENCES INC | 4,365,000 | $314.8M | 2.47% | NEW | |
| 14 | WBDWARNER BROS DISCOVERY INC | 10,862,870 | $313.1M | 2.46% | NEW | Put |
| 15 | FYBRFRONTIER COMMUNICATIONS PARE | 7,800,000 | $296.9M | 2.33% | +4.3M | |
| 16 | ALAIR LEASE CORP | 4,602,260 | $295.6M | 2.32% | +1.9M | |
| 17 | LBRDKLIBERTY BROADBAND CORP | 5,908,691 | $287.2M | 2.26% | +234K | |
| 18 | CDTXCIDARA THERAPEUTICS INC | 1,260,000 | $278.3M | 2.19% | NEW | |
| 19 | AM6AMICUS THERAPEUTICS INC | 15,250,000 | $217.2M | 1.71% | NEW | |
| 20 | GQ9SPDR GOLD TR | 488,900 | $193.8M | 1.52% | — | Put |
| 21 | SYU1SYNOVUS FINL CORP | 3,792,518 | $189.5M | 1.49% | NEW | |
| 22 | IBITISHARES BITCOIN TRUST ETF | 3,476,600 | $172.6M | 1.36% | +3.0M | Put |
| 23 | AHLASPEN INSURANCE HOLDINGS LTD | 4,500,000 | $166.9M | 1.31% | +886K | |
| 24 | BHFBRIGHTHOUSE FINL INC | 2,100,000 | $136.1M | 1.07% | NEW | |
| 25 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 338,900 | $103.0M | 0.81% | — | Put |
Quarterly Changes
New Positions
Increased Positions
| Name | Shares | Change |
|---|---|---|
| VERX 0.75 05/01/29 | 22.5M | +7.5M |
| RIVN 3.625 10/15/30 | 34.0M | +6.5M |
| NVDA | 5.9M | +4.4M |
| FYBR | 7.8M | +4.3M |
| DAY | 7.8M | +3.5M |
| FRPT 3 04/01/28 | 27.2M | +2.2M |
| AL | 4.6M | +1.9M |
| SIRI | 2.0M | +935K |
| AHL | 4.5M | +886K |
| NSC | 2.1M | +860K |
Decreased Positions
| Name | Shares | Change |
|---|---|---|
| BABA 0.5 06/01/31 | 12.0M | -7500000 |
| CNP 4.25 08/15/26 | 11.5M | -7000000 |
| MSTR | 10.1M | -6000000 |
| AGNC | 1.8M | -5559600 |
| FVICN 3.75 06/30/29 | 10.0M | -3000000 |
| ANIP 2.25 09/01/29 | 22.6M | -2500000 |
| KOS 3.125 03/15/30 | 38.3M | -2500000 |
| ARKB | 2.0M | -1285150 |
| CPA | 15K | -451800 |
| CNK | 1.1M | -400000 |
Sector Breakdown
Financial Services0.0% ($8.618341726131362e+258T)
Unknown0.0% ($5.4290635599234555e+228T)
Technology0.0% ($1.1077161092847453e+113T)
Communication Services0.0% ($3.902663130662872e+58T)
Healthcare0.0% ($7.765926257163148e+57T)
Industrials0.0% ($6.149734060852956e+57T)
Consumer Cyclical0.0% ($5.688650503406031e+36T)
Real Estate0.0% ($192968367638.4T)
Basic Materials0.0% ($5176300.0T)
Consumer Defensive0.0% ($4372811.9T)
Utilities0.0% ($999.3B)
Energy0.0% ($3.4M)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 17, 2026 | $12.7B | 260 |
| Q3 2025 | Nov 14, 2025 | $9.1T | 244 |
| Q2 2025 | Aug 13, 2025 | $4.7T | 0 |
| Q1 2025 | May 15, 2025 | $3.8T | 172 |
| Q4 2024 | Feb 14, 2025 | $5.7T | 185 |
| Q3 2024 | Nov 14, 2024 | $6284.9T | 154 |
| Q2 2024 | Aug 14, 2024 | $20512.8T | 151 |
| Q1 2024 | May 15, 2024 | $21037.5T | 154 |
| Q4 2023 | Feb 14, 2024 | $18452.8T | 194 |
| Q3 2023 | Nov 14, 2023 | $15398.3T | 216 |
| Q2 2023 | Aug 14, 2023 | $16123.7T | 355 |
| Q1 2023 | May 15, 2023 | $13781.8T | 279 |
| Q4 2022 | Feb 14, 2023 | $13807.0T | 292 |
| Q3 2022 | Nov 14, 2022 | $11.7T | 393 |
| Q2 2022 | Aug 15, 2022 | $16.1T | 502 |
| Q1 2022 | May 16, 2022 | $21.5T | 662 |
| Q4 2021 | Feb 14, 2022 | $25.8T | 703 |
| Q3 2021 | Nov 15, 2021 | $22.0T | 730 |
| Q2 2021 | Aug 16, 2021 | $22.2T | 796 |
| Q1 2021 | May 17, 2021 | $17.0T | 792 |
| Q4 2020 | Feb 16, 2021 | $11.8T | 667 |
| Q3 2020 | Nov 16, 2020 | $10.3T | 612 |
| Q2 2020 | Aug 14, 2020 | $5.9T | 547 |
| Q1 2020 | May 15, 2020 | $3.3T | 499 |
| Q4 2019 | Feb 14, 2020 | $8.2T | 645 |
| Q3 2019 | Nov 14, 2019 | $5.1T | 607 |
| Q2 2019 | Aug 14, 2019 | $5.7T | 580 |
| Q1 2019 | May 15, 2019 | $7.7T | 1,013 |
| Q4 2018 | Feb 14, 2019 | $7.0T | 1,156 |
| Q3 2018 | Nov 14, 2018 | $9.8T | 1,143 |
| Q2 2018 | Aug 14, 2018 | $11.1T | 988 |
| Q1 2018 | May 15, 2018 | $10.4T | 935 |
| Q4 2017 | Feb 14, 2018 | $10.7T | 948 |
| Q3 2017 | Nov 14, 2017 | $12.7T | 985 |
| Q2 2017 | Aug 14, 2017 | $10.9T | 885 |
| Q1 2017 | May 15, 2017 | $9.3T | 641 |
| Q4 2016 | Feb 14, 2017 | $9.3T | 700 |
| Q3 2016 | Nov 14, 2016 | $10.3T | 806 |
| Q2 2016 | Aug 15, 2016 | $12.4T | 930 |
| Q1 2016 | May 13, 2016 | $9.2T | 911 |
Fund Information
HBK INVESTMENTS L P is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $12.7B across 222 holdings. The largest position is NVIDIA CORPORATION (NVDA), representing 8.7% of the portfolio. Compared to the previous quarter, the fund opened 89 new positions and closed 81 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.