# HBK INVESTMENTS L P

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1011443. Source: https://holderbook.com/funds/1011443-hbk-investments-l-p/

- Reported value: $20.5B
- Positions: 245
- Weight of the ten largest: 54.4%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TOPBUILD COR | [BLD](https://holderbook.com/stocks/BLD/) | $1.9B | 5,250,000 | 9.1% | 1 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $1.3B | 6,380,000 | 6.4% | 3 |
| PENUMBRA INC | [PEN](https://holderbook.com/stocks/PEN/) | $1.2B | 3,677,016 | 5.7% | 2 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.1B | 3,500,000 | 5.4% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.1B | 5,564 | 5.3% | 14 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $1.1B | 56,000,002 | 5.2% | 3 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $1.0B | 37,931,864 | 4.9% | 6 |
| BIO-TECHNE CORP | [TECH](https://holderbook.com/stocks/TECH/) | $964.4M | 13,650,000 | 4.7% | 1 |
| NUVALENT INC | [NUVL](https://holderbook.com/stocks/NUVL/) | $860.3M | 6,966,200 | 4.2% | 1 |
| APOGEE THERAPEUTICS INC | [APGE](https://holderbook.com/stocks/APGE/) | $756.6M | 5,700,000 | 3.7% | 1 |
| CHART INDS INC | [GTLS](https://holderbook.com/stocks/GTLS/) | $747.6M | 3,578,184 | 3.6% | 4 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $686.5M | 11,546,242 | 3.3% | 2 |
| JANUS HENDERSON GROUP PLC | [JHG](https://holderbook.com/stocks/JHG/) | $535.5M | 10,298,600 | 2.6% | 2 |
| GAMESTOP CORP | - | $515.6M | 507,042,000 | 2.5% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $477.8M | 0 | 2.3% | 6 |
| SILICON LABORATORIES INC | [SLAB](https://holderbook.com/stocks/SLAB/) | $437.1M | 2,000,000 | 2.1% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $411.9M | 0 | 2.0% | 6 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $327.2M | 2,368,668 | 1.6% | 1 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $324.6M | 22,141,678 | 1.6% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $320.8M | 0 | 1.6% | 14 |
| LIBERTY BROADBAND CORP | [LBRDK](https://holderbook.com/stocks/LBRDK/) | $299.0M | 8,990,190 | 1.5% | 4 |
| VALARIS LTD | [VAL](https://holderbook.com/stocks/VAL/) | $228.7M | 3,150,286 | 1.1% | 1 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $219.4M | 0 | 1.1% | 5 |
| CATALYST PHARMACEUTICALS INC | [CPRX](https://holderbook.com/stocks/CPRX/) | $177.3M | 5,640,604 | 0.9% | 1 |
| GAMESTOP CORP | [GME](https://holderbook.com/stocks/GME/) | $97.5M | 1,459,330 | 0.5% | 5 |
| SIRIUSXM HOLDINGS INC | [SIRI](https://holderbook.com/stocks/SIRI/) | $95.8M | 1,697,690 | 0.5% | 8 |
| UBER TECHNOLOGIES INC | - | $93.9M | 81,150,000 | 0.5% | 1 |
| TXNM ENERGY INC | - | $90.1M | 69,000,000 | 0.4% | 5 |
| ALIGNMENT HEALTHCARE INC | - | $88.0M | 51,200,000 | 0.4% | 3 |
| MAKEMYTRIP LIMITED MAURITIUS | - | $86.6M | 95,000,000 | 0.4% | 1 |
| TRIPADVISOR INC | [TRIP](https://holderbook.com/stocks/TRIP/) | $85.2M | 3,029,456 | 0.4% | 14 |
| HEWLETT PACKARD ENTERPRISE C | [HPEPRC](https://holderbook.com/stocks/HPEPRC/) | $81.9M | 700,000 | 0.4% | 8 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $81.2M | 475,000 | 0.4% | 1 |
| FRESHPET INC | - | $79.7M | 68,320,000 | 0.4% | 10 |
| ARK 21SHARES BITCOIN ETF | [ARKB](https://holderbook.com/stocks/ARKB/) | $76.6M | 3,933,774 | 0.4% | 10 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $70.7M | 0 | 0.3% | 1 |
| PELOTON INTERACTIVE INC | - | $69.6M | 43,000,000 | 0.3% | 5 |
| COOPER COS INC | [COO](https://holderbook.com/stocks/COO/) | $63.3M | 883,302 | 0.3% | 1 |
| CONCENTRA GROUP HOLDINGS PAR | [CON](https://holderbook.com/stocks/CON/) | $62.2M | 2,089,228 | 0.3% | 7 |
| RIVIAN AUTOMOTIVE INC | - | $60.5M | 56,400,000 | 0.3% | 5 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $60.4M | 722,868 | 0.3% | 9 |
| SOLVENTUM CORP | [SOLV](https://holderbook.com/stocks/SOLV/) | $59.9M | 776,044 | 0.3% | 8 |
| DPC HOLDINGS PLC | [DPC](https://holderbook.com/stocks/DPC/) | $59.6M | 1,492,881 | 0.3% | 1 |
| NEWS CORP NEW | [NWSA](https://holderbook.com/stocks/NWSA/) | $58.8M | 2,367,328 | 0.3% | 13 |
| TXNM ENERGY INC | [TXNM](https://holderbook.com/stocks/TXNM/) | $55.1M | 969,876 | 0.3% | 3 |
| ANI PHARMACEUTICALS INC | - | $52.2M | 40,300,000 | 0.3% | 4 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $46.0M | 1,874,004 | 0.2% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $44.4M | 0 | 0.2% | 6 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $44.1M | 0 | 0.2% | 2 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $39.4M | 0 | 0.2% | 2 |
| SILVERCORP METALS INC | - | $39.0M | 16,000,000 | 0.2% | 3 |
| REDWOOD TRUST INC | - | $38.4M | 37,750,000 | 0.2% | 13 |
| MATTEL INC | [MAT](https://holderbook.com/stocks/MAT/) | $36.1M | 2,600,000 | 0.2% | 2 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $36.0M | 36,454 | 0.2% | 11 |
| CENTERPOINT ENERGY INC | - | $35.7M | 29,790,000 | 0.2% | 4 |
| MARRIOTT VACATIONS WORLDWIDE | - | $32.5M | 33,000,000 | 0.2% | 11 |
| ALIBABA GROUP HLDG LTD | - | $32.3M | 27,400,000 | 0.2% | 5 |
| PENNYMAC CORP | - | $31.5M | 30,500,000 | 0.2% | 5 |
| FIDELITY ETHEREUM FD | [FETH](https://holderbook.com/stocks/FETH/) | $30.9M | 1,960,016 | 0.2% | 8 |
| FORTUNA MNG CORP | - | $30.7M | 20,000,000 | 0.1% | 5 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $29.4M | 0 | 0.1% | 11 |
| QUANTINUUM INC | [QNT](https://holderbook.com/stocks/QNT/) | $29.3M | 358,924 | 0.1% | 1 |
| INTEGER HLDGS CORP | [ITGR](https://holderbook.com/stocks/ITGR/) | $29.0M | 310,372 | 0.1% | 1 |
| VERSIGENT PLC | [VGNT](https://holderbook.com/stocks/VGNT/) | $28.9M | 687,412 | 0.1% | 1 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $28.7M | 160,000 | 0.1% | 5 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $28.4M | 0 | 0.1% | 1 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $27.4M | 0 | 0.1% | 3 |
| VELOCITY FINL INC | [VEL](https://holderbook.com/stocks/VEL/) | $27.2M | 0 | 0.1% | 2 |
| PAR TECHNOLOGY CORP | - | $26.3M | 32,400,000 | 0.1% | 2 |
| MEDLINE INC | [MDLN](https://holderbook.com/stocks/MDLN/) | $25.6M | 650,000 | 0.1% | 3 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $24.8M | 0 | 0.1% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $24.2M | 0 | 0.1% | 2 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $24.2M | 275,232 | 0.1% | 4 |
| NEXTERA ENERGY INC | [NEEPRV](https://holderbook.com/stocks/NEEPRV/) | $23.9M | 500,000 | 0.1% | 2 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $22.9M | 6,704 | 0.1% | 3 |
| CAPITAL SOUTHWEST CORP | - | $22.5M | 21,526,000 | 0.1% | 2 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $21.5M | 0 | 0.1% | 8 |
| FMC CORP | [FMC](https://holderbook.com/stocks/FMC/) | $20.8M | 1,190,400 | 0.1% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $20.8M | 0 | 0.1% | 2 |
| VERTEX INC | - | $19.7M | 22,000,000 | 0.1% | 5 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $19.7M | 0 | 0.1% | 6 |
| ATLANTA BRAVES HLDGS INC | [BATRK](https://holderbook.com/stocks/BATRK/) | $19.3M | 371,744 | 0.1% | 11 |
| FLUOR CORP | [FLR](https://holderbook.com/stocks/FLR/) | $19.3M | 321,906 | 0.1% | 1 |
| VIAVI SOLUTIONS INC | [VIAV](https://holderbook.com/stocks/VIAV/) | $19.1M | 400,000 | 0.1% | 1 |
| ENCORE CAP GROUP INC | [ECPG](https://holderbook.com/stocks/ECPG/) | $19.0M | 0 | 0.1% | 2 |
| NIO INC | - | $18.7M | 18,600,000 | 0.1% | 8 |
| GLADSTONE CAP CORP | - | $18.3M | 19,000,000 | 0.1% | 4 |
| IMAX CORP | [IMAX](https://holderbook.com/stocks/IMAX/) | $16.1M | 404,320 | 0.1% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $15.8M | 0 | 0.1% | 4 |
| FORTRESS VALUE ACQU CORP V | [FVAV](https://holderbook.com/stocks/FVAV/) | $15.2M | 1,500,000 | 0.1% | 2 |
| PENNYMAC MTG INVT TR | [PMT](https://holderbook.com/stocks/PMT/) | $15.0M | 0 | 0.1% | 14 |
| KPET ULTRA PACELINE CORP | [KPET-WT](https://holderbook.com/stocks/KPET-WT/) | $15.0M | 1,500,012 | 0.1% | 1 |
| PERSHING SQUARE USA LTD | [PSUS](https://holderbook.com/stocks/PSUS/) | $15.0M | 400,000 | 0.1% | 1 |
| AVERIN CAP ACQUISITION CORP | - | $14.9M | 1,500,012 | 0.1% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $14.8M | 0 | 0.1% | 4 |
| GORES HOLDINGS XI INC | [GHXIU](https://holderbook.com/stocks/GHXIU/) | $14.7M | 1,450,000 | 0.1% | 1 |
| JENA ACQUISITION CORP II | [JENA](https://holderbook.com/stocks/JENA/) | $14.5M | 1,399,800 | 0.1% | 4 |
| GENERAL CATALYST GBL RESIL M | - | $14.1M | 1,400,008 | 0.1% | 1 |
| ZIFF DAVIS INC | - | $14.0M | 14,000,000 | 0.1% | 2 |
| KRAKACQUISITION CORPORATION | [KRAQ](https://holderbook.com/stocks/KRAQ/) | $14.0M | 1,400,008 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +1.0% | +14.8% | -13.8% | 63% |
| Q3 2025 | +9.7% | +7.8% | +1.9% | 63% |
| Q2 2025 | -7.5% | +10.5% | -17.9% | 71% |
| Q4 2024 | +6.7% | +2.1% | +4.5% | 70% |
| Q2 2024 | -2.5% | +4.0% | -6.5% | 81% |
| Q1 2024 | +7.6% | +10.0% | -2.4% | 71% |
| Q4 2023 | +1.2% | +11.2% | -10.0% | 69% |
| Q4 2021 | +7.3% | +10.7% | -3.4% | 61% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $20.5B | 245 |
| Q1 2026 | $9.9B | 266 |
| Q4 2025 | $12.7B | 222 |
| Q3 2025 | $9.1B | 215 |
| Q2 2025 | $7.7B | 181 |
| Q1 2025 | $7.1B | 155 |
| Q4 2024 | $8.0B | 164 |
| Q3 2024 | $9.1B | 146 |
| Q2 2024 | $22.6B | 131 |
| Q1 2024 | $23.0B | 135 |
| Q4 2023 | $22.0B | 155 |
| Q3 2023 | $19.1B | 168 |