HBK INVESTMENTS L P

Reported holdings as of Q2 2026, from 35 quarterly filings.

CIK

1011443

Reported value

$10.2B

Positions

245

Top 10 weight

54.6%

Filed

2026-08-14

Days after quarter end

Holdings

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
TOPBUILD COR	BLD	$930.6M	2,625,000	9.09%	-	new	NEW
ELECTRONIC ARTS INC	EA	$654.1M	3,190,000	6.39%	-0.37pp	3q	-2.4%-$16.4M
PENUMBRA INC	PEN	$580.5M	1,838,508	5.67%	+0.23pp	2q	+12.5%+$64.5M
NORFOLK SOUTHN CORP	NSC	$550.5M	1,750,000	5.38%	+0.32pp	4q	+0.8%+$4.3M
STATE STR SPDR S&P 500 ETF T OPT	SPY	$539.0M	2,782	5.27%	+3.67pp	14q	-27.4%-$203.4M
KENVUE INC	KVUE	$535.1M	28,000,001	5.23%	+1.55pp	3q	+33.3%+$133.8M
WARNER BROS DISCOVERY INC	WBD	$505.6M	18,965,932	4.94%	+0.38pp	6q	+15.9%+$69.4M
BIO-TECHNE CORP	TECH	$482.2M	6,825,000	4.71%	-	new	NEW
NUVALENT INC	NUVL	$430.2M	3,483,100	4.20%	-	new	NEW
APOGEE THERAPEUTICS INC	APGE	$378.3M	2,850,000	3.70%	-	new	NEW
CHART INDS INC	GTLS	$373.8M	1,789,092	3.65%	+2.21pp	4q	+159.6%+$229.8M
TECK RESOURCES LTD	TECK	$343.3M	5,773,121	3.35%	+2.52pp	2q	+264.2%+$249.0M
JANUS HENDERSON GROUP PLC	JHG	$267.8M	5,149,300	2.62%	+0.41pp	2q	+21.7%+$47.8M
GAMESTOP CORP		$257.8M	253,521,000	2.52%	-	new	DEBT
INVESCO QQQ TR OPT	QQQ	$238.9M	options only	2.33%	+0.64pp	6q	OPTIONS
SILICON LABORATORIES INC	SLAB	$218.6M	1,000,000	2.14%	-	new	NEW
NVIDIA CORPORATION OPT	NVDA	$206.0M	options only	2.01%	-4.06pp	6q	OPTIONS
ROKU INC	ROKU	$163.6M	1,184,334	1.60%	-	new	NEW
AES CORP	AES	$162.3M	11,070,839	1.59%	-	new	NEW
ISHARES TR OPT	IWM	$160.4M	options only	1.57%	-0.14pp	14q	OPTIONS
LIBERTY BROADBAND CORP	LBRDK	$149.5M	4,495,095	1.46%	-0.73pp	4q	+4.8%+$6.9M
VALARIS LTD	VAL	$114.4M	1,575,143	1.12%	-	new	NEW
NEBIUS GROUP N.V. OPT	NBIS	$109.7M	options only	1.07%	+0.59pp	5q	OPTIONS
CATALYST PHARMACEUTICALS INC	CPRX	$88.6M	2,820,302	0.87%	-	new	NEW
GAMESTOP CORP OPT	GME	$48.7M	729,665	0.48%	+0.02pp	5q	-6.7%-$3.5M
SIRIUSXM HOLDINGS INC OPT	SIRI	$47.9M	848,845	0.47%	+0.03pp	8q	-27.1%-$17.8M
UBER TECHNOLOGIES INC		$47.0M	40,575,000	0.46%	-	new	DEBT
TXNM ENERGY INC		$45.1M	34,500,000	0.44%	+0.07pp	5q	DEBT
ALIGNMENT HEALTHCARE INC		$44.0M	25,600,000	0.43%	+0.09pp	3q	DEBT
MAKEMYTRIP LIMITED MAURITIUS		$43.3M	47,500,000	0.42%	-	new	DEBT
TRIPADVISOR INC OPT	TRIP	$42.6M	1,514,728	0.42%	-0.11pp	14q	-40.0%-$28.5M
HEWLETT PACKARD ENTERPRISE C	HPEPRC	$41.0M	350,000	0.40%	+0.20pp	8q	+16.7%+$5.9M
SPACE EXPLORATION TECHN CORP	SPCX	$40.6M	237,500	0.40%	-	new	NEW
FRESHPET INC		$39.9M	34,160,000	0.39%	+0.03pp	10q	DEBT
ARK 21SHARES BITCOIN ETF	ARKB	$38.3M	1,966,887	0.37%	-0.07pp	10q	HELD
VANGUARD INDEX FDS OPT	VTV	$35.3M	options only	0.35%	-	new	OPTIONS
PELOTON INTERACTIVE INC		$34.8M	21,500,000	0.34%	+0.02pp	5q	DEBT
COOPER COS INC	COO	$31.7M	441,651	0.31%	-	new	NEW
CONCENTRA GROUP HOLDINGS PAR	CON	$31.1M	1,044,614	0.30%	+0.12pp	7q	+21.1%+$5.4M
RIVIAN AUTOMOTIVE INC		$30.3M	28,200,000	0.30%	+0.06pp	5q	DEBT
UBER TECHNOLOGIES INC OPT	UBER	$30.2M	361,434	0.29%	-0.06pp	9q	+20.9%+$5.2M
SOLVENTUM CORP	SOLV	$29.9M	388,022	0.29%	+0.04pp	8q	HELD
NEWS CORP NEW	NWSA	$29.4M	1,183,664	0.29%	-0.01pp	13q	HELD
TXNM ENERGY INC	TXNM	$27.5M	484,938	0.27%	-1.53pp	3q	-84.1%-$145.1M
ANI PHARMACEUTICALS INC		$26.1M	20,150,000	0.26%	flat	4q	DEBT
COMCAST CORP NEW	CMCSA	$23.0M	937,002	0.22%	-0.09pp	2q	-12.2%-$3.2M
TESLA INC OPT	TSLA	$22.2M	options only	0.22%	-0.27pp	6q	OPTIONS
HOWMET AEROSPACE INC OPT	HWM	$22.0M	options only	0.22%	-0.28pp	2q	OPTIONS
ISHARES TR OPT	IWO	$19.7M	options only	0.19%	+0.03pp	2q	OPTIONS
SILVERCORP METALS INC		$19.5M	8,000,000	0.19%	-0.02pp	3q	DEBT
REDWOOD TRUST INC		$19.2M	18,875,000	0.19%	+0.16pp	13q	DEBT
MATTEL INC	MAT	$18.0M	1,300,000	0.18%	-0.02pp	2q	HELD
STRATEGY INC OPT	MSTR	$18.0M	18,227	0.18%	+0.16pp	11q	HELD
CENTERPOINT ENERGY INC		$17.9M	14,895,000	0.17%	flat	4q	DEBT
MARRIOTT VACATIONS WORLDWIDE		$16.3M	16,500,000	0.16%	flat	11q	DEBT
ALIBABA GROUP HLDG LTD		$16.2M	13,700,000	0.16%	-0.01pp	5q	DEBT
PENNYMAC CORP		$15.7M	15,250,000	0.15%	-0.01pp	5q	DEBT
FIDELITY ETHEREUM FD	FETH	$15.4M	980,008	0.15%	-0.09pp	8q	-13.0%-$2.3M
FORTUNA MNG CORP		$15.4M	10,000,000	0.15%	-0.03pp	5q	DEBT
DELTA AIR LINES INC OPT	DAL	$14.7M	options only	0.14%	+0.14pp	11q	OPTIONS
QUANTINUUM INC	QNT	$14.7M	179,462	0.14%	-	new	NEW
INTEGER HLDGS CORP	ITGR	$14.5M	155,186	0.14%	-	new	NEW
VERSIGENT PLC	VGNT	$14.4M	343,706	0.14%	-	new	NEW
DIGITAL RLTY TR INC	DLR	$14.4M	80,000	0.14%	+0.11pp	5q	+528.1%+$12.1M
ARM HOLDINGS PLC OPT	ARM	$14.2M	options only	0.14%	-	new	OPTIONS
SELECT SECTOR SPDR TR OPT	XLF	$13.7M	options only	0.13%	+0.01pp	3q	OPTIONS
VELOCITY FINL INC OPT	VEL	$13.6M	options only	0.13%	flat	2q	OPTIONS
PAR TECHNOLOGY CORP		$13.1M	16,200,000	0.13%	+0.05pp	2q	DEBT
MEDLINE INC	MDLN	$12.8M	325,000	0.13%	-0.07pp	3q	-23.5%-$3.9M
COREWEAVE INC OPT	CRWV	$12.4M	options only	0.12%	-0.03pp	3q	OPTIONS
WALMART INC OPT	WMT	$12.1M	options only	0.12%	-0.02pp	2q	OPTIONS
SPDR SERIES TRUST	SPYM	$12.1M	137,616	0.12%	+0.02pp	4q	+14.2%+$1.5M
NEXTERA ENERGY INC	NEEPRV	$12.0M	250,000	0.12%	+0.07pp	2q	+150.0%+$7.2M
CHARTER COMMUNICATIONS INC OPT	CHTR	$11.4M	3,352	0.11%	-0.06pp	3q	-87.6%-$80.5M
CAPITAL SOUTHWEST CORP		$11.3M	10,763,000	0.11%	flat	2q	DEBT
ARES CAPITAL CORP OPT	ARCC	$10.7M	options only	0.10%	flat	8q	OPTIONS
FMC CORP OPT	FMC	$10.4M	595,200	0.10%	-	new	NEW
COSTCO WHOLESALE CORPORATION OPT	COST	$10.4M	options only	0.10%	-0.19pp	2q	OPTIONS
VERTEX INC		$9.9M	11,000,000	0.10%	-0.08pp	5q	DEBT
ALPHABET INC OPT	GOOG	$9.9M	options only	0.10%	-0.03pp	6q	OPTIONS
ATLANTA BRAVES HLDGS INC	BATRK	$9.6M	185,872	0.09%	+0.01pp	11q	-6.3%-$653.8K
FLUOR CORP OPT	FLR	$9.6M	160,953	0.09%	-	new	NEW
VIAVI SOLUTIONS INC	VIAV	$9.6M	200,000	0.09%	-	new	NEW
ENCORE CAP GROUP INC OPT	ECPG	$9.5M	options only	0.09%	+0.02pp	2q	OPTIONS
NIO INC		$9.3M	9,300,000	0.09%	flat	8q	DEBT
GLADSTONE CAP CORP		$9.2M	9,500,000	0.09%	flat	4q	DEBT
IMAX CORP	IMAX	$8.1M	202,160	0.08%	-	new	NEW
BANK OF AMER CORP OPT	BAC	$7.9M	options only	0.08%	-0.04pp	4q	OPTIONS
FORTRESS VALUE ACQU CORP V	FVAV	$7.6M	750,000	0.07%	flat	2q	HELD
PENNYMAC MTG INVT TR OPT	PMT	$7.5M	options only	0.07%	-0.01pp	14q	OPTIONS
KPET ULTRA PACELINE CORP	KPET-WT	$7.5M	750,006	0.07%	-	new	NEW
PERSHING SQUARE USA LTD	PSUS	$7.5M	200,000	0.07%	-	new	NEW
AVERIN CAP ACQUISITION CORP		$7.5M	750,006	0.07%	-	new	NEW
CITIGROUP INC OPT	C	$7.4M	options only	0.07%	+0.01pp	4q	OPTIONS
GORES HOLDINGS XI INC	GHXIU	$7.4M	725,000	0.07%	-	new	NEW
JENA ACQUISITION CORP II	JENA	$7.3M	699,900	0.07%	flat	4q	HELD
GENERAL CATALYST GBL RESIL M		$7.1M	700,004	0.07%	-	new	NEW
ZIFF DAVIS INC		$7.0M	7,000,000	0.07%	-0.05pp	2q	DEBT
KRAKACQUISITION CORPORATION	KRAQ	$7.0M	700,004	0.07%	flat	2q	HELD
ICAHN ENTERPRISES LP OPT	IEP	$6.8M	options only	0.07%	flat	2q	OPTIONS
DATADOG INC OPT	DDOG	$6.8M	22,249	0.07%	-0.03pp	7q	-63.9%-$12.0M
ALPHABET INC		$6.7M	133,800	0.07%	-	new	NEW
RMG ML SPORTS HOLDINGS	SHOTU	$6.5M	650,000	0.06%	-	new	NEW
BLACKLINE INC		$6.5M	7,005,000	0.06%	-0.06pp	3q	DEBT
ISHARES TR OPT	IWD	$6.4M	options only	0.06%	+0.01pp	3q	OPTIONS
CINEMARK HLDGS INC OPT	CNK	$6.3M	options only	0.06%	-0.16pp	14q	OPTIONS
INVESCO EXCHANGE TRADED FD T OPT	RSP	$6.3M	options only	0.06%	flat	3q	OPTIONS
LIFTOFF MOBILE INC	LFTO	$6.2M	256,250	0.06%	-	new	NEW
INNIO NV	INIO	$6.0M	152,500	0.06%	-	new	NEW
CH4 NATURAL SOLUTIONS CORP	MTNE-UN	$5.9M	600,000	0.06%	-	new	NEW
GAMESTOP CORP		$5.9M	5,750,000	0.06%	-	new	DEBT
HONEYWELL AEROSPACE INC	HONA	$5.5M	25,004	0.05%	-	new	NEW
PG&E CORP	PCGPRX	$5.4M	130,000	0.05%	-	new	NEW
NEXTERA ENERGY INC	NEEPRS	$5.4M	100,000	0.05%	-0.06pp	7q	-50.0%-$5.4M
ARTIUS II ACQUISITION INC	AACB	$5.2M	499,998	0.05%	flat	5q	HELD
GORES HLDGS X INC	GTEN	$5.2M	500,000	0.05%	flat	4q	HELD
DANAHER CORP DEL OPT	DHR	$5.2M	2,178	0.05%	-0.11pp	2q	-91.0%-$52.1M
SUPER MICRO COMPUTER INC	SMCIP	$5.1M	100,000	0.05%	-	new	NEW
COLOMBIER ACQUISITION CORP I	CLBR	$5.1M	500,008	0.05%	flat	2q	HELD
ONEIM ACQUISITION CORP	OIM	$5.0M	500,004	0.05%	flat	2q	HELD
DRUGS MADE IN AMER ACQ II CO	DMII	$5.0M	500,000	0.05%	flat	3q	HELD
ALUSSA ENERGY ACQUISIT CORP	ALUB	$5.0M	500,001	0.05%	flat	2q	HELD
AMERICAN DRIVE ACQUISITION C	ADAC	$5.0M	500,001	0.05%	flat	2q	HELD
SNOW ROTHSCHILD ACQUISITION	ISNRW	$5.0M	500,000	0.05%	-	new	NEW
HIMS & HERS HEALTH INC OPT	HIMS	$5.0M	options only	0.05%	-	new	OPTIONS
BOLD EAGLE ACQUISITION CORP	BEAG	$4.8M	450,000	0.05%	flat	7q	HELD
CANTOR EQUITY PARTNERS IV IN	CEPF	$4.7M	450,000	0.05%	flat	4q	HELD
INFINITE EAGLE ACQUISITION C	IEAG	$4.6M	450,000	0.04%	flat	2q	HELD
LIFEWAY FOODS INC	LWAY	$4.5M	150,000	0.04%	-	new	NEW
WOLFSPEED INC OPT	WOLF	$4.4M	options only	0.04%	-	new	OPTIONS
AMERICAN EXCEPTIONALISM ACQU	AEXA	$4.1M	350,000	0.04%	flat	4q	HELD
KARBON CAP PARTNERS CORP	KBON	$4.0M	400,004	0.04%	flat	2q	HELD
WILCO 63 CORP	WLCOU	$4.0M	400,000	0.04%	-	new	NEW
BOBS DISC FURNITURE INC	BOBS	$4.0M	250,000	0.04%	+0.01pp	2q	HELD
ADVANCED MICRO DEVICES INC OPT	AMD	$4.0M	options only	0.04%	-0.22pp	2q	OPTIONS
PPL CORP	PPLC	$3.9M	80,000	0.04%	flat	2q	HELD
PAR TECHNOLOGY CORP OPT	PAR	$3.8M	139,666	0.04%	-	new	NEW
PERIMETER ACQUISITION CORP I	PMTR	$3.8M	360,000	0.04%	flat	4q	HELD
SILVERBOX CORP V	SBXE	$3.5M	350,001	0.03%	flat	2q	HELD
IRENIC ACQUISITION CORP	IACQU	$3.5M	350,004	0.03%	-	new	NEW
HONEYWELL INTL INC	HON	$3.4M	15,004	0.03%	-	new	NEW
CHEVRON CORPORATION OPT	CVX	$3.2M	8,121	0.03%	-0.06pp	2q	-26.6%-$1.2M
CHURCHILL CAP CORP XII		$3.2M	300,010	0.03%	-	new	NEW
ENTREPRENEURSHARES SERIES TR	XOVR	$3.2M	150,445	0.03%	-	new	NEW
CHURCHILL CAP CORP XI	CCXI	$3.1M	180,000	0.03%	flat	2q	-40.0%-$2.1M
SIDDHI ACQUISITION CORP	SDHI	$3.1M	300,000	0.03%	flat	5q	HELD
GMR SOLUTIONS INC	GMRS	$3.1M	200,000	0.03%	-	new	NEW
FUTURECREST ACQUISITION CORP	FCRS	$3.1M	299,916	0.03%	flat	3q	HELD
SOLARIUS CAPITAL ACQU CORP	SOCA	$3.1M	300,000	0.03%	flat	4q	HELD
ARCHER AVIATION INC	ACHR	$3.1M	650,000	0.03%	-0.02pp	8q	-35.0%-$1.7M
CANTOR EQUITY PARTNERS VII I	CAES	$3.0M	300,000	0.03%	-	new	NEW
LONG TABLE GROWTH CORP	LTGRW	$3.0M	300,000	0.03%	-	new	NEW
ELLINGTON FINANCIAL INC OPT	EFC	$2.7M	options only	0.03%	flat	2q	OPTIONS
AMAZON COM INC OPT	AMZN	$2.7M	options only	0.03%	-0.07pp	2q	OPTIONS
SCHWAB CHARLES CORP OPT	SCHW	$2.6M	11,483	0.03%	-0.01pp	2q	+16.5%+$372.4K
1RT ACQUISITION CORP.	ONCH	$2.6M	249,304	0.02%	flat	4q	HELD
PYROPHYTE ACQUISITION CORP.	PAII	$2.5M	250,000	0.02%	flat	4q	HELD
TETRA TECH INC NEW	TTEK	$2.5M	87,923	0.02%	-0.09pp	3q	-63.2%-$4.4M
HIGHVIEW MERGER CORP	HVMC	$2.5M	250,000	0.02%	flat	3q	HELD
HCM IV ACQUISITION CORP		$2.5M	250,004	0.02%	-	new	NEW
ARCHIMEDES TECH SPAC PTNRS I	ARCI	$2.5M	250,004	0.02%	flat	2q	HELD
PALOMA ACQUISITION CORP I		$2.5M	250,002	0.02%	-	new	NEW
BLACKSTONE SECD LENDING FD OPT	BXSL	$2.4M	options only	0.02%	-0.03pp	4q	OPTIONS
VERIZON COMMUNICATIONS INC OPT	VZ	$2.3M	24,979	0.02%	-0.05pp	2q	-37.2%-$1.4M
GRAB HOLDINGS LIMITED OPT	GRAB	$2.3M	125,911	0.02%	+0.01pp	5q	HELD
GRAYSCALE ETHEREUM STAKING	ETH	$2.3M	152,621	0.02%	-0.04pp	5q	-50.9%-$2.4M
CLEVELAND-CLIFFS INC NEW	CLF	$2.3M	240,000	0.02%	-0.01pp	2q	-34.8%-$1.2M
CANTOR EQUITY PARTNERS VI IN	CEPS	$2.1M	200,000	0.02%	flat	2q	HELD
BAIN CAP GSS INVT CORP	BCSS	$2.1M	200,005	0.02%	flat	3q	HELD
SAFEGUARD ACQUISITION CORP	SAC	$2.0M	200,002	0.02%	flat	2q	HELD
GENERAL PURP ACQUISITION COR	GPAC	$2.0M	200,002	0.02%	flat	2q	HELD
GOODYEAR TIRE & RUBR CO OPT	GT	$2.0M	options only	0.02%	-	new	OPTIONS
JPMORGAN CHASE & CO OPT	JPM	$1.9M	options only	0.02%	flat	4q	OPTIONS
CVR ENERGY INC OPT	CVI	$1.9M	options only	0.02%	+0.01pp	2q	OPTIONS
STAG INDUSTRIAL INC OPT	STAG	$1.9M	options only	0.02%	flat	2q	OPTIONS
KRANESHARES TRUST OPT	KWEB	$1.8M	options only	0.02%	flat	8q	OPTIONS
TRUMP MEDIA & TECHNOLOGY GRO OPT	DJT	$1.8M	24,803	0.02%	flat	5q	HELD
HALLIBURTON CO OPT	HAL	$1.5M	20,036	0.02%	-0.03pp	2q	-42.7%-$1.2M
CANTOR EQUITY PARTNERS V INC	CEPV	$1.5M	150,000	0.02%	flat	3q	HELD
CURBLINE PPTYS CORP	CURB	$1.5M	50,000	0.01%	-	new	NEW
RICE ACQUISITION CORP 3	KRSP	$1.4M	135,000	0.01%	flat	3q	-9.5%-$148.2K
FRESHPET INC OPT	FRPT	$1.3M	options only	0.01%	flat	3q	OPTIONS
FIGX CAP ACQUISITION CORP.	FIGX	$1.3M	125,002	0.01%	flat	4q	HELD
OAKTREE SPECIALTY LENDING OPT	OCSL	$1.2M	options only	0.01%	-	new	OPTIONS
NRG ENERGY INC	NRG	$1.2M	8,000	0.01%	-0.01pp	2q	-46.7%-$1.0M
NIO INC OPT	NIO	$1.1M	options only	0.01%	flat	7q	OPTIONS
INTUITIVE SURGICAL INC OPT	ISRG	$1.1M	options only	0.01%	-0.02pp	2q	OPTIONS
PALANTIR TECHNOLOGIES INC OPT	PLTR	$1.0M	1,753	0.01%	-0.11pp	2q	-92.0%-$12.1M
ISHARES BITCOIN TRUST ETF OPT	IBIT	$1.0M	options only	0.01%	-0.57pp	7q	OPTIONS
HCM III ACQUISITION CORP	HCMA	$1.0M	100,002	0.01%	flat	4q	HELD
PROCAP ACQUISITION CORP	PCAP	$1.0M	100,002	0.01%	flat	4q	HELD
META PLATFORMS INC OPT	META	$1.0M	options only	0.01%	-0.18pp	2q	OPTIONS
HAWKEYE 360 INC	HAWK	$1.0M	50,000	0.01%	-	new	NEW
REDWOOD TRUST INC OPT	RWT	$1.0M	options only	0.01%	flat	2q	OPTIONS
KARMAN HLDGS INC	KRMN	$998.4K	20,000	0.01%	-	new	NEW
GLOBALFOUNDRIES INC	GFS	$988.9K	12,000	0.01%	-	new	NEW
BARINGS BDC INC OPT	BBDC	$852.0K	options only	0.01%	-	new	OPTIONS
ALIGNMENT HEALTHCARE INC OPT	ALHC	$828.6K	options only	0.01%	flat	5q	OPTIONS
ALPHABET INC	GOOGN	$818.7K	16,200	0.01%	-	new	NEW
AURORA INNOVATION INC OPT	AUR	$750.2K	options only	0.01%	flat	5q	OPTIONS
IDEA ACQUISITION CORP	IACOW	$722.1K	72,870	0.01%	-	new	NEW
ACADIAN ASSET MANAGEMENT INC	AAMI	$715.2K	10,000	0.01%	-	new	NEW
HUMACYTE INC	HUMA	$616.5K	790,000	0.01%	-	new	NEW
DPC HOLDINGS PLC	DPC	$490.6K	10,000	0.00%	-	new	NEW
SIMON PPTY GROUP INC NEW OPT	SPG	$268.4K	options only	0.00%	-0.04pp	2q	OPTIONS
HERTZ GLOBAL HLDGS INC	HTZ	$226.5K	100,000	0.00%	-	new	NEW
LUCID GROUP INC	LCID	$221.2K	33,070	0.00%	flat	4q	+217.9%+$151.6K
GAMESTOP CORP NEW OPT	GMEWS	$184.2K	options only	0.00%	flat	3q	OPTIONS
PERIMETER ACQUISITION CORP I	PMTRW	$180.0K	200,000	0.00%	flat	4q	HELD
GENERAL CATALYST GBL RESIL M		$171.5K	175,001	0.00%	-	new	NEW
CHURCHILL CAP CORP XI	CCXIW	$112.5K	15,000	0.00%	flat	2q	-50.0%-$112.5K
JENA ACQUISITION CORP II	JENART	$109.9K	646,400	0.00%	flat	4q	HELD
ARTIUS II ACQUISITION INC	AACBR	$105.0K	500,000	0.00%	flat	5q	HELD
AMERICAN DRIVE ACQUISITION C	ADACW	$105.0K	166,667	0.00%	flat	2q	HELD
CH4 NATURAL SOLUTIONS CORP		$99.0K	300,000	0.00%	-	new	NEW
GORES HLDGS X INC	GTENW	$92.5K	125,000	0.00%	flat	4q	HELD
INFINITE EAGLE ACQUISITION C	IEAGR	$87.8K	450,000	0.00%	flat	2q	HELD
KRAKACQUISITION CORPORATION	KRAQW	$81.9K	175,001	0.00%	flat	2q	HELD
AVERIN CAP ACQUISITION CORP		$81.3K	125,001	0.00%	-	new	NEW
KPET ULTRA PACELINE CORP		$78.8K	125,001	0.00%	-	new	NEW
ONEIM ACQUISITION CORP	OIMAW	$70.8K	83,334	0.00%	flat	2q	HELD
SIDDHI ACQUISITION CORP	SDHIR	$68.4K	300,000	0.00%	flat	5q	HELD
ALUSSA ENERGY ACQUISIT CORP	ALUBWS	$66.6K	166,667	0.00%	flat	2q	HELD
IRENIC ACQUISITION CORP		$64.2K	116,668	0.00%	-	new	NEW
FUTURECREST ACQUISITION CORP	FCRSWS	$63.8K	75,001	0.00%	flat	3q	HELD
PYROPHYTE ACQUISITION CORP.	PAIIWS	$62.5K	125,000	0.00%	flat	4q	HELD
SAFEGUARD ACQUISITION CORP	SACWS	$59.0K	100,001	0.00%	flat	2q	HELD
SILVERBOX CORP V	SBXEWS	$56.0K	116,667	0.00%	flat	2q	HELD
KARBON CAP PARTNERS CORP	KBONW	$54.1K	100,001	0.00%	flat	2q	HELD
CHURCHILL CAP CORP XII		$51.0K	30,001	0.00%	-	new	NEW
COLOMBIER ACQUISITION CORP I	CLBRWS	$50.0K	62,501	0.00%	flat	2q	HELD
ARCHIMEDES TECH SPAC PTNRS I	ARCIW	$46.9K	62,501	0.00%	flat	2q	HELD
HIGHVIEW MERGER CORP	HVMCW	$43.8K	125,000	0.00%	flat	3q	HELD
PALOMA ACQUISITION CORP I		$43.8K	125,001	0.00%	-	new	NEW
SOLARIUS CAPITAL ACQU CORP	SOCAW	$43.5K	150,000	0.00%	flat	4q	HELD
DRUGS MADE IN AMER ACQ II CO	DMIIR	$36.4K	500,000	0.00%	flat	3q	HELD
HCM IV ACQUISITION CORP		$33.8K	62,501	0.00%	-	new	NEW
1RT ACQUISITION CORP.	ONCHW	$31.9K	62,501	0.00%	flat	4q	HELD
BAIN CAP GSS INVT CORP	BCSSWS	$27.2K	40,001	0.00%	flat	3q	HELD
GENERAL PURP ACQUISITION COR	GPACW	$26.0K	100,001	0.00%	flat	2q	HELD
RICE ACQUISITION CORP 3	KRSPWS	$24.8K	25,000	0.00%	flat	3q	HELD
HCM III ACQUISITION CORP	HCMAW	$21.7K	33,334	0.00%	flat	4q	HELD
FIGX CAP ACQUISITION CORP.	FIGXW	$17.5K	62,501	0.00%	flat	4q	HELD
PROCAP ACQUISITION CORP	PCAPW	$10.7K	33,334	0.00%	flat	4q	HELD
IDEA ACQUISITION CORP		$8.5K	24,290	0.00%	-	new	NEW

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Telecom & Media	$948.8M	9.3%
Biotech & Pharma	$861.1M	8.4%
Software & IT Services	$840.0M	8.2%
Funds & ETFs	$793.1M	7.7%
Medical Devices	$670.5M	6.6%
Transport & Logistics	$565.2M	5.5%
Chemicals	$547.4M	5.3%
Semiconductors & Electronics	$457.6M	4.5%
Mining & Metals	$367.6M	3.6%
Utilities	$194.9M	1.9%
Other sectors	$643.7M	6.3%
Not classified	$3.3B	32.7%

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$10.2B	245	74	25	43	95	54.6%	45
Q1 2026	$9.9B	266	116	25	28	72	51.1%	45
Q4 2025	$12.7B	222	83	24	33	75	54.0%	48
Q3 2025	$9.1B	214	91	22	30	58	50.7%	45
Q2 2025	$7.7B	181	77	27	29	51	56.6%	44
Q1 2025	$7.1B	155	57	20	32	66	62.8%	45
Q4 2024	$8.0B	164	53	27	30	35	64.7%	45
Q3 2024	$9.1B	146	50	33	25	35	70.1%	45
Q2 2024	$22.6B	131	55	26	12	59	90.9%	45
Q1 2024	$23.0B	135	48	20	15	68	92.2%	45
Q4 2023	$22.0B	155	48	25	27	61	90.3%	45
Q3 2023	$19.1B	168	63	30	22	162	87.4%	45
Q2 2023	$18.6B	267	137	22	29	93	87.2%	45
Q1 2023	$15.7B	223	215	4	3	7	86.6%	45
Q4 2022	$2.4B	15	8	6	1	311	87.2%	135
Q3 2022	$14.1B	318	59	26	40	153	75.4%	45
Q2 2022	$17.9B	412	112	81	75	384	77.6%	46
Q1 2022	$24.2B	684	230	31	104	259	78.1%	46
Q4 2021	$27.0B	713	188	43	33	216	78.6%	45
Q3 2021	$25.7B	741	183	66	33	262	77.3%	46
Q2 2021	$28.5B	820	325	92	35	312	73.3%	47
Q1 2021	$22.1B	807	575	25	69	447	69.6%	47
Q4 2020	$15.3B	679	227	58	61	168	58.7%	47
Q3 2020	$13.4B	620	185	76	53	120	56.8%	47
Q2 2020	$7.6B	555	547	3	4	7	57.2%	437
Q1 2020	$2.4B	15	9	4	1	647	93.0%	77
Q4 2019	$10.4B	653	204	61	54	164	59.1%	45
Q3 2019	$7.8B	613	235	61	35	211	50.0%	45
Q2 2019	$11.5B	589	220	42	123	650	64.5%	45
Q1 2019	$9.9B	1,019	362	218	315	508	41.2%	45
Q4 2018	$9.4B	1,165	1,161	4	0	5	40.5%	45
Q3 2018	$2.9B	9	7	1	1	3	100.0%	137
Q2 2018	$3.1B	5	2	1	1	1	100.0%	229
Q1 2018	$2.0B	4	2	1	0	0	100.0%	320
Q4 2017	$1.0B	2	0	0	0	0	100.0%	410

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.