HBK INVESTMENTS L P
Q4 2025 13F-HR Holdings
Net value change ($000)
+3,615,900
(39.7%)
New positions
54
Sold out positions
46
Turnover %
75.8%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q3 2025
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| EXAS | 776,592 | NEW |
| HOLX | 625,716 | NEW |
| CFLT | 453,600 | NEW |
| EA | 390,267 | NEW |
| CMA | 345,547 | NEW |
| RNAM | 314,847 | NEW |
| CDTX | 278,321 | NEW |
| DAY | 246,679 | 83.3% |
| NSC | 233,453 | 61.2% |
| WBD | 223,017 | 652.5% |
Top Reduces (Value $000, Stocks/ETFs)
| VRNA | -454,966 | -100.0% |
| INFA | -322,254 | -100.0% |
| IPG | -295,290 | -100.0% |
| Merus N.V. | -268,328 | -100.0% |
| COOP | -202,521 | -100.0% |
| Metsera, Inc. | -167,456 | -100.0% |
| KEL | -164,040 | -100.0% |
| WNS | -150,099 | -100.0% |
| GJB | -95,407 | -100.0% |
| SAPIENS INTERNATIONAL CORP N V | -83,887 | -100.0% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
3,491,751
(27.4% of total reported value)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|