HBK INVESTMENTS L P Q3 2025 Filing
Filed November 14, 2025
Portfolio Value
$9.1T
Holdings
214
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (214 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | CYBRCYBERARK SOFTWARE LTD | 2,350,000 | $1.1T | 12.46% | |
| 2 | SPYSPDR S&P 500 ETF TR | 992,897 | $661.4B | 7.26% | Put |
| 3 | VRNAVERONA PHARMA PLC | 4,263,576 | $455.0B | 4.99% | |
| 4 | GTLSCHART INDS INC | 2,127,875 | $425.9B | 4.67% | |
| 5 | NSCNORFOLK SOUTHN CORP | 1,270,000 | $381.5B | 4.19% | |
| 6 | LBRDKLIBERTY BROADBAND CORP | 5,675,000 | $360.6B | 3.96% | |
| 7 | INFA1EURINFORMATICA INC | 12,973,197 | $322.3B | 3.54% | |
| 8 | DAYDAYFORCE INC | 4,300,000 | $296.2B | 3.25% | |
| 9 | IPGINTERPUBLIC GROUP COS INC | 10,580,062 | $295.3B | 3.24% | |
| 10 | NVDANVIDIA CORPORATION | 1,529,400 | $285.4B | 3.13% | Put |
| 11 | MRUSMERUS N V | 2,850,000 | $268.3B | 2.94% | |
| 12 | 07WAMR COOPER GROUP INC | 950,000 | $202.5B | 2.22% | |
| 13 | ALAIR LEASE CORP | 2,750,000 | $175.0B | 1.92% | |
| 14 | GQ9SPDR GOLD TR | 488,900 | $173.8B | 1.91% | Put |
| 15 | MTSRMETSERA INC | 3,200,000 | $167.5B | 1.84% | |
| 16 | KELKELLANOVA | 2,000,000 | $164.0B | 1.80% | |
| 17 | —WNS HLDGS LTD | 1,967,992 | $150.1B | 1.65% | |
| 18 | NDQINVESCO QQQ TR | 241,000 | $144.7B | 1.59% | Put |
| 19 | AHLASPEN INSURANCE HOLDINGS LTD | 3,613,639 | $132.7B | 1.46% | |
| 20 | FYBRFRONTIER COMMUNICATIONS PARE | 3,525,000 | $131.7B | 1.44% | |
| 21 | ARKBARK 21SHARES BITCOIN ETF | 3,252,037 | $123.6B | 1.36% | |
| 22 | IWMISHARES TR | 422,933 | $102.3B | 1.12% | Put |
| 23 | GJBSTEELCASE INC | 5,546,945 | $95.4B | 1.05% | |
| 24 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 338,900 | $94.7B | 1.04% | Put |
| 25 | SPNSSAPIENS INTL CORP N V | 1,950,865 | $83.9B | 0.92% | |
| 26 | NBISNEBIUS GROUP N.V. | 692,800 | $77.8B | 0.85% | Put |
| 27 | AGNCAGNC INVT CORP | 7,359,600 | $72.1B | 0.79% | Put |
| 28 | XOPSPDR SERIES TRUST | 495,000 | $65.4B | 0.72% | Put |
| 29 | TWO 6.25 01/15/26TWO HARBORS INVENTMENT CORPO | 62,077,000 | $61.4B | 0.67% | |
| 30 | UBERUBER TECHNOLOGIES INC | 592,843 | $58.1B | 0.64% | Put |
| 31 | W 3.25 09/15/27WAYFAIR INC | 37,500,000 | $57.1B | 0.63% | |
| 32 | CPACOPA HOLDINGS SA | 466,900 | $55.5B | 0.61% | Put |
| 33 | VTYVERINT SYS INC | 2,722,862 | $55.1B | 0.61% | |
| 34 | WWAYFAIR INC | 24,805,000 | $51.5B | 0.56% | |
| 35 | PTON 5.5 12/01/29PELOTON INTERACTIVE INC | 22,500,000 | $50.2B | 0.55% | |
| 36 | TFXTELEFLEX INCORPORATED | 399,912 | $48.9B | 0.54% | Put |
| 37 | GMEGAMESTOP CORP NEW | 1,715,713 | $46.8B | 0.51% | Put |
| 38 | FETHFIDELITY ETHEREUM FD | 1,126,139 | $46.8B | 0.51% | |
| 39 | MIGASTRATEGY INC | 133,000 | $42.9B | 0.47% | Put |
| 40 | CNKCINEMARK HLDGS INC | 1,523,000 | $42.7B | 0.47% | Put |
| 41 | WBDWARNER BROS DISCOVERY INC | 2,165,000 | $42.3B | 0.46% | Call |
| 42 | LTMLATAM AIRLINES GROUP SA | 833,300 | $37.7B | 0.41% | Put |
| 43 | NWSANEWS CORP NEW | 1,203,557 | $37.0B | 0.41% | |
| 44 | MSTRSTRATEGY INC | 16,107,000 | $36.1B | 0.40% | |
| 45 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 19,500,000 | $35.9B | 0.39% | |
| 46 | ANIP 2.25 09/01/29ANI PHARMACEUTICALS INC | 25,150,000 | $35.3B | 0.39% | |
| 47 | IBITISHARES BITCOIN TRUST ETF | 522,600 | $34.0B | 0.37% | Put |
| 48 | SNDKSANDISK CORP | 295,894 | $33.2B | 0.36% | Put |
| 49 | FBTCFIDELITY WISE ORIGIN BITCOIN | 331,272 | $33.1B | 0.36% | |
| 50 | HIMSHIMS & HERS HEALTH INC | 521,607 | $29.6B | 0.32% | Put |
| 51 | TXNM 5.75 06/01/54TXNM ENERGY INC | 22,500,000 | $29.5B | 0.32% | |
| 52 | DDOGDATADOG INC | 200,200 | $28.5B | 0.31% | Call |
| 53 | FRPT 3 04/01/28FRESHPET INC | 25,000,000 | $28.3B | 0.31% | |
| 54 | SOLVSOLVENTUM CORP | 385,642 | $28.2B | 0.31% | |
| 55 | SPR 3.25 11/01/28SPIRIT AEROSYSTEMS INC | 19,000,000 | $28.0B | 0.31% | |
| 56 | AGCN 0.375 01/15/27FIRST MAJESTIC SILVER CORP | 24,957,000 | $26.9B | 0.30% | |
| 57 | KOS 3.125 03/15/30KOSMOS ENERGY LTD | 40,750,000 | $26.1B | 0.29% | |
| 58 | RIVN 3.625 10/15/30RIVIAN AUTOMOTIVE INC | 27,500,000 | $25.3B | 0.28% | |
| 59 | ETHWBITWISE ETHEREUM ETF | 833,682 | $24.9B | 0.27% | |
| 60 | SIRISIRIUSXM HOLDINGS INC | 1,035,200 | $24.1B | 0.26% | Call |
| 61 | PMT 5.5 03/15/26PENNYMAC CORP | 21,840,000 | $21.8B | 0.24% | |
| 62 | DUK 4.125 04/15/26DUKE ENERGY CORP NEW | 20,000,000 | $21.5B | 0.24% | |
| 63 | PMT 8.5 06/01/29PENNYMAC CORP | 20,250,000 | $21.0B | 0.23% | |
| 64 | CNP 4.25 08/15/26CENTERPOINT ENERGY INC | 18,500,000 | $20.5B | 0.23% | |
| 65 | FVICN 3.75 06/30/29FORTUNA MNG CORP | 13,000,000 | $20.5B | 0.23% | |
| 66 | COINCOINBASE GLOBAL INC | 58,300 | $19.7B | 0.22% | Put |
| 67 | CONCONCENTRA GROUP HOLDINGS PAR | 870,548 | $18.2B | 0.20% | |
| 68 | RWT 5.75 10/01/25RWT HLDGS INC | 18,056,000 | $18.0B | 0.20% | |
| 69 | BATRAATLANTA BRAVES HLDGS INC | 427,731 | $17.8B | 0.20% | |
| 70 | TSLATESLA INC | 39,700 | $17.7B | 0.19% | Put |
| 71 | TRIPTRIPADVISOR INC | 1,066,160 | $17.3B | 0.19% | Put |
| 72 | CVLTCOMMVAULT SYS INC | 89,700 | $16.9B | 0.19% | Put |
| 73 | PAR 1.5 10/15/27PAR TECHNOLOGY CORP | 17,382,000 | $16.7B | 0.18% | |
| 74 | FQIDIGITAL RLTY TR INC | 94,022 | $16.3B | 0.18% | Put |
| 75 | VAC 3.25 12/15/27MARRIOTT VACATIONS WORLDWIDE | 16,500,000 | $15.8B | 0.17% | |
| 76 | BITBBITWISE BITCOIN ETF TR | 251,122 | $15.6B | 0.17% | |
| 77 | VERX 0.75 05/01/29VERTEX INC | 15,000,000 | $15.3B | 0.17% | |
| 78 | PI 1.125 05/15/27IMPINJ INC | 8,447,000 | $14.1B | 0.16% | |
| 79 | LDOSLEIDOS HOLDINGS INC | 68,000 | $12.8B | 0.14% | Put |
| 80 | JETSETF SER SOLUTIONS | 513,300 | $12.7B | 0.14% | Put |
| 81 | ETHGRAYSCALE ETHEREUM MINI TR E | 311,141 | $12.2B | 0.13% | |
| 82 | SHAK 0 03/01/28SHAKE SHACK INC | 12,500,000 | $11.9B | 0.13% | |
| 83 | DJTTRUMP MEDIA & TECHNOLOGY GRO | 705,016 | $11.6B | 0.13% | Put |
| 84 | BTCGRAYSCALE BITCOIN MINI TR ET | 226,705 | $11.5B | 0.13% | |
| 85 | LNTH 2.625 12/15/27LANTHEUS HLDGS INC | 10,723,000 | $11.3B | 0.12% | |
| 86 | BUDANHEUSER BUSCH INBEV SA/NV | 185,798 | $11.1B | 0.12% | |
| 87 | PMTPENNYMAC MTG INVT TR | 811,700 | $10.0B | 0.11% | Put |
| 88 | NIO 4.625 10/15/30NIO INC | 9,300,000 | $9.8B | 0.11% | |
| 89 | ACHRARCHER AVIATION INC | 1,000,000 | $9.6B | 0.11% | |
| 90 | CLVTRIP COM GROUP LTD | 123,600 | $9.3B | 0.10% | Put |
| 91 | BACBANK AMERICA CORP | 166,800 | $8.6B | 0.09% | Put |
| 92 | KWEBKRANESHARES TRUST | 200,000 | $8.4B | 0.09% | Put |
| 93 | LGNLEGENCE CORP | 260,000 | $8.0B | 0.09% | |
| 94 | JPMJPMORGAN CHASE & CO. | 24,400 | $7.7B | 0.08% | Put |
| 95 | GSGOLDMAN SACHS GROUP INC | 9,400 | $7.5B | 0.08% | Put |
| 96 | BTSGBRIGHTSPRING HEALTH SVCS INC | 250,000 | $7.4B | 0.08% | |
| 97 | GLAD 5.875 10/01/30GLADSTONE CAP CORP | 7,500,000 | $7.3B | 0.08% | |
| 98 | TRVCCITIGROUP INC | 72,000 | $7.3B | 0.08% | Put |
| 99 | PTONPELOTON INTERACTIVE INC | 809,400 | $7.3B | 0.08% | Put |
| 100 | COPCONOCOPHILLIPS | 76,700 | $7.3B | 0.08% | Put |
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