HBK Investments L P 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
HBK Investments L P disclosed 164 US equity positions worth $9.2bn in its Q4 2025 13F filing. The largest position was CYBERARK SOFTWARE LTD at 11.8% of the reported book, followed by EXK and HO1. Against the Q3 2025 filing, it opened 18 new positions, added to 13 and reduced 9 among the top 50 holdings.
What did HBK Investments L P own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CYBERARK SOFTWARE LTD | 11.8% | $1.1bn | 2,450,000 | 4% | added | |
| 2 | EXK EXACT SCIENCES CORP | Basic Materials | 8.4% | $776.6m | 7,646,637 | – | new |
| 3 | HO1 HOLOGIC INC | 6.8% | $625.7m | 8,400,000 | – | new | |
| 4 | NSC NORFOLK SOUTHN CORP | Industrials | 6.7% | $615.0m | 2,130,000 | 68% | added |
| 5 | DAY DAYFORCE INC | 5.9% | $542.9m | 7,850,000 | 83% | added | |
| 6 | 8QR CONFLUENT INC | 4.9% | $453.6m | 15,000,000 | – | new | |
| 7 | CHART INDS INC | 4.4% | $406.1m | 1,969,092 | -7% | reduced | |
| 8 | EA ELECTRONIC ARTS INC | Communication Services | 4.2% | $390.3m | 1,909,982 | – | new |
| 9 | CMA COMERICA INC | 3.7% | $345.5m | 3,975,000 | – | new | |
| 10 | RNAGBP AVIDITY BIOSCIENCES INC | 3.4% | $314.8m | 4,365,000 | – | new | |
| 11 | FYBR FRONTIER COMMUNICATIONS PARE | 3.2% | $296.9m | 7,800,000 | 121% | added | |
| 12 | AIR LEASE CORP | 3.2% | $295.6m | 4,602,260 | 67% | added | |
| 13 | 8L8C LIBERTY BROADBAND CORP | 3.1% | $287.2m | 5,908,691 | 4% | added | |
| 14 | CDTX CIDARA THERAPEUTICS INC | 3.0% | $278.3m | 1,260,000 | – | new | |
| 15 | WBD WARNER BROS DISCOVERY INC | Communication Services | 2.8% | $257.2m | 8,924,170 | 410% | added |
| 16 | AM6 AMICUS THERAPEUTICS INC | 2.4% | $217.2m | 15,250,000 | – | new | |
| 17 | SYU1 SYNOVUS FINL CORP | 2.1% | $189.5m | 3,792,518 | – | new | |
| 18 | ASPEN INSURANCE HOLDINGS LTD | 1.8% | $166.9m | 4,500,000 | 25% | added | |
| 19 | BHF BRIGHTHOUSE FINL INC | Financial Services | 1.5% | $136.1m | 2,100,000 | – | new |
| 20 | TXNM TXNM ENERGY INC | Utilities | 1.1% | $99.9m | 1,697,244 | – | new |
| 21 | TWO HARBORS INVENTMENT CORPO | 0.7% | $62.2m | 62,077,000 | 0% | held | |
| 22 | CSG SYS INTL INC | 0.7% | $60.1m | 50,800,000 | – | new | |
| 23 | ARKB ARK 21SHARES BITCOIN ETF | 0.6% | $57.1m | 1,966,887 | -40% | reduced | |
| 24 | WAYFAIR INC | 0.6% | $56.9m | 24,805,000 | 0% | held | |
| 25 | SNDK SANDISK CORP | Technology | 0.6% | $55.7m | 234,697 | 0% | held |
| 26 | KVUE KENVUE INC | Consumer Defensive | 0.5% | $43.7m | 2,535,001 | – | new |
| 27 | STRATEGY INC | 0.4% | $39.0m | 47,396,000 | – | new | |
| 28 | RIVIAN AUTOMOTIVE INC | 0.4% | $38.2m | 34,000,000 | 24% | added | |
| 29 | COINBASE GLOBAL INC | 0.4% | $38.2m | 37,200,000 | – | new | |
| 30 | PELOTON INTERACTIVE INC | 0.4% | $37.4m | 22,500,000 | 0% | held | |
| 31 | ALIGNMENT HEALTHCARE INC | 0.4% | $36.6m | 24,100,000 | – | new | |
| 32 | SIRI SIRIUSXM HOLDINGS INC | 0.4% | $33.7m | 1,685,004 | – | new | |
| 33 | FETH FIDELITY ETHEREUM FD | 0.4% | $33.3m | 1,126,139 | 0% | held | |
| 34 | FRESHPET INC | 0.3% | $31.9m | 27,200,000 | 9% | added | |
| 35 | NWSA NEWS CORP NEW | Communication Services | 0.3% | $30.9m | 1,183,664 | -2% | reduced |
| 36 | SOLV SOLVENTUM CORP | Healthcare | 0.3% | $30.7m | 388,022 | 1% | added |
| 37 | TXNM ENERGY INC | 0.3% | $30.3m | 22,500,000 | 0% | held | |
| 38 | ANIP ANI PHARMACEUTICALS INC | 0.3% | $28.6m | 22,650,000 | -10% | reduced | |
| 39 | TFX TELEFLEX INCORPORATED | Healthcare | 0.3% | $23.5m | 192,372 | -4% | reduced |
| 40 | UBER UBER TECHNOLOGIES INC | Technology | 0.2% | $22.6m | 276,754 | -44% | reduced |
| 41 | PENNYMAC CORP | 0.2% | $21.8m | 21,840,000 | 0% | held | |
| 42 | PENNYMAC CORP | 0.2% | $21.4m | 20,250,000 | 0% | held | |
| 43 | VERX VERTEX INC | 0.2% | $21.4m | 22,500,000 | 50% | added | |
| 44 | DUKE ENERGY CORP NEW | 0.2% | $20.6m | 20,000,000 | 0% | held | |
| 45 | BL BLACKLINE INC | 0.2% | $19.6m | 18,505,000 | – | new | |
| 46 | LGN LEGENCE CORP | Industrials | 0.2% | $19.4m | 450,000 | 73% | added |
| 47 | ALIBABA GROUP HLDG LTD | 0.2% | $18.7m | 12,000,000 | -38% | reduced | |
| 48 | ETHW BITWISE ETHEREUM ETF | 0.2% | $17.7m | 833,682 | 0% | held | |
| 49 | FORTUNA MNG CORP | 0.2% | $17.0m | 10,000,000 | -23% | reduced | |
| 50 | CON CONCENTRA GROUP HOLDINGS PAR | 0.2% | $17.0m | 862,750 | -1% | reduced |
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.