HBK Investments L P 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
HBK Investments L P disclosed 152 US equity positions worth $6.8bn in its Q3 2025 13F filing. The largest position was CYBERARK SOFTWARE LTD at 16.7% of the reported book, followed by VRNA and CHART INDS INC. Against the Q2 2025 filing, it opened 21 new positions, added to 11 and reduced 10 among the top 50 holdings.
What did HBK Investments L P own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CYBERARK SOFTWARE LTD | 16.7% | $1.1bn | 2,350,000 | – | new | |
| 2 | VRNA VERONA PHARMA PLC | 6.7% | $455.0m | 4,263,576 | – | new | |
| 3 | CHART INDS INC | 6.3% | $425.9m | 2,127,875 | – | new | |
| 4 | NSC NORFOLK SOUTHN CORP | Industrials | 5.6% | $381.5m | 1,270,000 | – | new |
| 5 | 8L8C LIBERTY BROADBAND CORP | 5.3% | $360.6m | 5,675,000 | – | new | |
| 6 | INFA1EUR INFORMATICA INC | 4.8% | $322.3m | 12,973,197 | 56% | added | |
| 7 | DAY DAYFORCE INC | 4.4% | $296.2m | 4,300,000 | – | new | |
| 8 | IPG INTERPUBLIC GROUP COS INC | 4.4% | $295.3m | 10,580,062 | 77% | added | |
| 9 | MERUS N V | 4.0% | $268.3m | 2,850,000 | – | new | |
| 10 | 07WA MR COOPER GROUP INC | 3.0% | $202.5m | 950,000 | – | new | |
| 11 | AIR LEASE CORP | 2.6% | $175.0m | 2,750,000 | – | new | |
| 12 | METSERA INC | 2.5% | $167.5m | 3,200,000 | – | new | |
| 13 | KEL KELLANOVA | 2.4% | $164.0m | 2,000,000 | -77% | reduced | |
| 14 | WNS HLDGS LTD | 2.2% | $150.1m | 1,967,992 | – | new | |
| 15 | ASPEN INSURANCE HOLDINGS LTD | 2.0% | $132.7m | 3,613,639 | – | new | |
| 16 | FYBR FRONTIER COMMUNICATIONS PARE | 1.9% | $131.7m | 3,525,000 | – | new | |
| 17 | ARKB ARK 21SHARES BITCOIN ETF | 1.8% | $123.6m | 3,252,037 | -0% | held | |
| 18 | GJB STEELCASE INC | 1.4% | $95.4m | 5,546,945 | – | new | |
| 19 | SAPIENS INTL CORP N V | 1.2% | $83.9m | 1,950,865 | – | new | |
| 20 | TWO HARBORS INVENTMENT CORPO | 0.9% | $61.4m | 62,077,000 | 0% | held | |
| 21 | W WAYFAIR INC | 0.8% | $57.1m | 37,500,000 | – | new | |
| 22 | VTY VERINT SYS INC | 0.8% | $55.1m | 2,722,862 | – | new | |
| 23 | WAYFAIR INC | 0.8% | $51.5m | 24,805,000 | 265% | added | |
| 24 | PELOTON INTERACTIVE INC | 0.7% | $50.2m | 22,500,000 | -48% | reduced | |
| 25 | UBER UBER TECHNOLOGIES INC | Technology | 0.7% | $48.7m | 497,243 | 4% | added |
| 26 | FETH FIDELITY ETHEREUM FD | 0.7% | $46.8m | 1,126,139 | 42% | added | |
| 27 | NWSA NEWS CORP NEW | Communication Services | 0.5% | $37.0m | 1,203,557 | 4% | added |
| 28 | STRATEGY INC | 0.5% | $36.1m | 16,107,000 | -16% | reduced | |
| 29 | ALIBABA GROUP HLDG LTD | 0.5% | $35.9m | 19,500,000 | -15% | reduced | |
| 30 | ANIP ANI PHARMACEUTICALS INC | 0.5% | $35.3m | 25,150,000 | – | new | |
| 31 | WBD WARNER BROS DISCOVERY INC | Communication Services | 0.5% | $34.2m | 1,750,000 | -2% | reduced |
| 32 | FBTC FIDELITY WISE ORIGIN BITCOIN | 0.5% | $33.1m | 331,272 | -58% | reduced | |
| 33 | TXNM ENERGY INC | 0.4% | $29.5m | 22,500,000 | -18% | reduced | |
| 34 | FRESHPET INC | 0.4% | $28.3m | 25,000,000 | 150% | added | |
| 35 | SOLV SOLVENTUM CORP | Healthcare | 0.4% | $28.2m | 385,642 | 7% | added |
| 36 | SPIRIT AEROSYSTEMS INC | 0.4% | $28.0m | 19,000,000 | 0% | held | |
| 37 | FIRST MAJESTIC SILVER CORP | 0.4% | $26.9m | 24,957,000 | 0% | held | |
| 38 | SNDK SANDISK CORP | Technology | 0.4% | $26.3m | 234,694 | -14% | reduced |
| 39 | KOSMOS ENERGY LTD | 0.4% | $26.1m | 40,750,000 | 0% | held | |
| 40 | RIVIAN AUTOMOTIVE INC | 0.4% | $25.3m | 27,500,000 | 38% | added | |
| 41 | ETHW BITWISE ETHEREUM ETF | 0.4% | $24.9m | 833,682 | 61% | added | |
| 42 | TFX TELEFLEX INCORPORATED | Healthcare | 0.4% | $24.5m | 199,912 | – | new |
| 43 | PENNYMAC CORP | 0.3% | $21.8m | 21,840,000 | 0% | held | |
| 44 | DUKE ENERGY CORP NEW | 0.3% | $21.5m | 20,000,000 | – | new | |
| 45 | PENNYMAC CORP | 0.3% | $21.0m | 20,250,000 | 0% | held | |
| 46 | CNP CENTERPOINT ENERGY INC | 0.3% | $20.5m | 18,500,000 | – | new | |
| 47 | FORTUNA MNG CORP | 0.3% | $20.5m | 13,000,000 | -59% | reduced | |
| 48 | CON CONCENTRA GROUP HOLDINGS PAR | 0.3% | $18.2m | 870,548 | -1% | reduced | |
| 49 | RWT HLDGS INC | 0.3% | $18.0m | 18,056,000 | 0% | held | |
| 50 | BATRK ATLANTA BRAVES HLDGS INC | Communication Services | 0.3% | $17.8m | 427,731 | 2% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.