Highbridge Capital Management LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Highbridge Capital Management LLC disclosed 290 US equity positions worth $2.2bn in its Q4 2025 13F filing. The largest position was FORD MTR CO at 5.5% of the reported book, followed by EA and ELME. Against the Q3 2025 filing, it opened 22 new positions, added to 16 and reduced 10 among the top 50 holdings.
What did Highbridge Capital Management LLC own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | FORD MTR CO | 5.5% | $119.5m | 115,000,000 | -18% | reduced | |
| 2 | EA ELECTRONIC ARTS INC | Communication Services | 5.0% | $108.1m | 528,950 | 10479% | added |
| 3 | ELME ELME COMMUNITIES | Real Estate | 4.5% | $98.1m | 5,638,128 | – | new |
| 4 | ALIBABA GROUP HLDG LTD | 3.6% | $77.7m | 50,000,000 | -29% | reduced | |
| 5 | CYBERARK SOFTWARE LTD | 3.4% | $73.8m | 165,341 | 376% | added | |
| 6 | FOX FOX CORP | Communication Services | 2.7% | $58.0m | 893,359 | 44% | added |
| 7 | FYBR FRONTIER COMMUNICATIONS PAR | 2.6% | $56.3m | 1,477,836 | 47% | added | |
| 8 | NGDN NEW GOLD INC CDA | 2.5% | $54.4m | 6,240,314 | – | new | |
| 9 | BOFA FIN LLC | 2.5% | $53.4m | 48,735,000 | 20% | added | |
| 10 | SRPT SAREPTA THERAPEUTICS INC | 2.4% | $51.7m | 57,306,000 | 55% | added | |
| 11 | HEI/A HEICO CORP NEW | 2.3% | $48.9m | 193,537 | 79% | added | |
| 12 | EXK EXACT SCIENCES CORP | Basic Materials | 2.3% | $48.8m | 480,733 | – | new |
| 13 | HO1 HOLOGIC INC | 2.1% | $45.6m | 611,860 | – | new | |
| 14 | NIO INC | 2.1% | $45.6m | 47,000,000 | 18% | added | |
| 15 | IRONWOOD PHARMACEUTICALS IN | 2.1% | $44.7m | 46,942,000 | 57% | added | |
| 16 | AVADEL PHARMACEUTICALS PLC | 2.0% | $44.1m | 2,048,585 | – | new | |
| 17 | DBX DROPBOX INC | 2.0% | $43.8m | 43,553,000 | 5% | added | |
| 18 | SPOTIFY USA INC | 2.0% | $42.7m | 37,500,000 | -6% | reduced | |
| 19 | RNAGBP AVIDITY BIOSCIENCES INC | 2.0% | $42.2m | 585,550 | – | new | |
| 20 | EVENTBRITE INC | 1.7% | $36.3m | 36,995,000 | 98% | added | |
| 21 | LRN STRIDE INC | 1.6% | $34.1m | 25,000,000 | – | new | |
| 22 | STRATEGY INC | 1.5% | $32.8m | 25,892,000 | – | new | |
| 23 | MARA MARA HOLDINGS INC | 1.5% | $31.5m | 31,813,000 | – | new | |
| 24 | STRATEGY INC | 1.4% | $30.4m | 26,000,000 | – | new | |
| 25 | WK WORKIVA INC | 1.3% | $29.0m | 29,234,000 | -32% | reduced | |
| 26 | SUPER MICRO COMPUTER INC | 1.3% | $29.0m | 32,500,000 | 1200% | added | |
| 27 | BENTLEY SYS INC | 1.3% | $28.5m | 28,559,000 | -36% | reduced | |
| 28 | CABLE ONE INC | 1.3% | $28.3m | 28,668,000 | 7% | added | |
| 29 | NVRI ENVIRI CORP | Industrials | 1.2% | $26.8m | 1,495,645 | – | new |
| 30 | QTWO Q2 HLDGS INC | 1.2% | $26.2m | 25,882,000 | 228% | added | |
| 31 | CDTX CIDARA THERAPEUTICS INC | 1.2% | $25.0m | 112,980 | – | new | |
| 32 | NBR NABORS INDUSTRIES LTD | Energy | 1.0% | $22.4m | 413,294 | -16% | reduced |
| 33 | INFLECTION POINT ACQUISITIO | 1.0% | $21.6m | 2,011,897 | – | new | |
| 34 | CARTESIAN GROWTH CORP III | 1.0% | $20.6m | 2,000,000 | – | new | |
| 35 | FWONA LIBERTY MEDIA CORP DEL | 0.9% | $20.3m | 227,221 | -30% | reduced | |
| 36 | KVUE KENVUE INC | Consumer Defensive | 0.9% | $20.3m | 1,174,353 | – | new |
| 37 | GIGCAPITAL7 CORP | 0.9% | $19.8m | 1,878,437 | – | new | |
| 38 | GUESS INC | 0.9% | $19.3m | 19,450,000 | 0% | held | |
| 39 | NWSA NEWS CORP NEW | Communication Services | 0.9% | $19.0m | 727,579 | 13% | added |
| 40 | BHF BRIGHTHOUSE FINL INC | Financial Services | 0.8% | $17.8m | 275,390 | – | new |
| 41 | LIBERTY LIVE HOLDINGS INC | 0.8% | $17.1m | 210,332 | – | new | |
| 42 | BATRK ATLANTA BRAVES HLDGS INC | Communication Services | 0.8% | $16.8m | 426,160 | 8% | added |
| 43 | PPLI IAC INC | Communication Services | 0.8% | $16.3m | 417,452 | -14% | reduced |
| 44 | GRAF GLOBAL CORP | 0.7% | $16.1m | 1,500,000 | 0% | held | |
| 45 | HENNESSY CAP INVT CORP VII | 0.7% | $15.5m | 1,500,000 | – | new | |
| 46 | CANTOR EQUITY PARTNERS II I | 0.7% | $14.9m | 1,321,945 | – | new | |
| 47 | VINE HILL CAP INVT CORP. | 0.7% | $14.8m | 1,373,824 | – | new | |
| 48 | M3-BRIGADE ACQUISITION VI C | 0.7% | $14.7m | 1,470,000 | – | new | |
| 49 | CENTA CENTRAL GARDEN & PET CO | Consumer Defensive | 0.6% | $13.4m | 460,169 | -1% | reduced |
| 50 | GLIBK GCI LIBERTY INC | Communication Services | 0.6% | $12.7m | 341,070 | -35% | 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.