SEC 13F Intelligence

Managers / Q1 2021 · view latest →

HBK INVESTMENTS L P

CIK 0001011443 · 2300 NORTH FIELD STREET, STE 2200, DALLAS, TX, 75201 · 2147586100

Reported Value
$18.9B
Q1 2021
Positions
805
includes revealed positions
Filings on Record
103
2019–present window
Filed
May 17, 2021
original filing

Summary

Hbk Investments L P reported $18.9B in U.S.-listed holdings across 805 positions for Q1 2021.

Its largest position, TIFEUR, represents 2.2% of the portfolio.

Compared with Q4 2020, the fund opened 574 new positions and exited 443.

Portfolio Metrics

Turnover
+25.3%
vs prior filed quarter
Top-10 Concentration
+11.4%
share of reported value
Largest Position
+2.2%
Tiffany
New / Exited
574 / 443
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $7.0BQ4 ’18Q1 ’19: $8.3BQ2 ’19: $8.3BQ3 ’19: $5.1BQ4 ’19: $11.5BQ4 ’19Q1 ’20: $3.3BQ2 ’20: $7.3BQ3 ’20: $10.5BQ4 ’20: $12.8BQ4 ’20Q1 ’21: $18.9BQ2 ’21: $23.9BQ3 ’21: $25.0BQ4 ’21: $29.0BQ4 ’21Q1 ’22: $21.5BQ2 ’22: $25.9BQ3 ’22: $11.7BQ4 ’22: $14.9BQ4 ’22Q1 ’23: $2.4BQ2 ’23: $19.9BQ3 ’23: $15.4BQ4 ’23: $18.5BQ4 ’23Q1 ’24: $25.0BQ2 ’24: $23.0BQ3 ’24: $6.3BQ4 ’24: $7.3BQ4 ’24Q1 ’25: $5.6BQ2 ’25: $4.7BQ3 ’25: $11.5BQ4 ’25: $15.1BQ4 ’25Q1 ’26: $9.9Bfilingsflow.com

Portfolio Composition

By security type
Other: 78.6%Common Stock: 11.1%US DOMESTIC: 7.1%GLOBAL: 2.3%ETP: 0.5%Other: 0.4%
  • Other · 78.6% · $14.9B
  • Common Stock · 11.1% · $2.1B
  • US DOMESTIC · 7.1% · $1.3B
  • GLOBAL · 2.3% · $428M
  • ETP · 0.5% · $91M
  • Other · 0.4% · $85M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WABCO HLDGS INCREVEALEDNEW+2.53M2.53M+$342M$342M
FTSVEURFORTY SEVEN INCREVEALEDNEW+2.31M2.31M+$220M$220M
7HPHP INCREVEALEDNEW+9.50M9.50M+$165M$165M
LMEURLEGG MASON INCREVEALEDNEW+3.00M3.00M+$147M$147M
MELLANOX TECHNOLOGIES LTDREVEALEDNEW+1.00M1.00M+$121M$121M
ETRAE TRADE FINANCIAL CORPREVEALEDNEW+2.10M2.10M+$72M$72M
MONGODB INCNEW+40.90M40.90M+$59M$59M
TWO HBRS INVT CORPNEW+52.00M52.00M+$57M$57M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2021REVEALED

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TIFEURTIFFANY & CO NEWREVEALEDhistory →COM2.16%$409M3.16M
2WABCO HLDGS INCREVEALEDCOM1.81%$342M2.53M
3CZREURCAESARS ENTMT CORPREVEALEDNOTE 5.000%10/0 · COM1.22%$232M173.46M
4FTSVEURFORTY SEVEN INCREVEALEDhistory →COM1.16%$220M2.31M
5TSLATESLA INChistory →COM1.00%$189M283.4K
6CAESARS ENTERTAINMENT CORPNOTE 5.000%10/00.99%$188M78.91M
7WAYFAIR INCNOTE 1.125%11/00.91%$172M62.80M
87HPHP INCREVEALEDhistory →COM0.87%$165M9.50M
9LMEURLEGG MASON INCREVEALEDhistory →COM0.77%$147M3.00M
10SQUARE INCNOTE 0.500% 5/10.75%$142M48.68M
11ACIAACACIA COMMUNICATIONS INCREVEALEDhistory →COM0.64%$122M1.81M
12MELLANOX TECHNOLOGIES LTDREVEALEDSHS0.64%$121M1.00M
13AMERICAN AIRLS GROUP INCNOTE 6.500% 7/00.63%$119M69.23M
14RARXEURRA PHARMACEUTICALS INCREVEALEDhistory →COM0.51%$96M2.00M
15PRA GROUP INCNOTE 3.500% 6/00.38%$73M67.54M
16ETRAE TRADE FINANCIAL CORPREVEALEDhistory →COM NEW0.38%$72M2.10M
17COUPA SOFTWARE INCNOTE 0.125% 6/10.34%$65M38.04M
18PINDUODUO INCNOTE 10/00.33%$63M20.01M
19BLACKLINE INCNOTE 0.125% 8/00.33%$63M39.41M
20MONGODB INCNOTE 0.250% 1/10.31%$59M40.90M
21TWO HBRS INVT CORPNOTE 6.250% 1/10.30%$57M52.00M
22ARBOR REALTY TRUST INCNOTE 4.750%11/00.27%$51M48.13M
23CHEGG INCNOTE 0.125% 3/10.27%$50M28.85M
24EXACT SCIENCES CORPNOTE 0.375% 3/00.26%$49M37.85M
25DEXCOM INCNOTE 0.750%12/00.26%$48M21.85M
26LIBERTY MEDIA CORP DELNOTE 1.375%10/10.21%$40M31.00M
27MFA FINL INCNOTE 6.250% 6/10.19%$35M35.40M
28SPDR S&P 500 ETF TRTR UNIT0.18%$34M86.7K
29OKTA INCNOTE 0.125% 9/00.15%$28M20.45M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$9.9B346May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025REVEALED$15.1B273Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025REVEALED$11.5B263Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.7B202Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025REVEALED$5.6B182May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024REVEALED$7.3B194Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$6.3B154Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024REVEALED$23.0B168Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024REVEALED$25.0B175May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$18.5B194Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023REVEALED$15.4B217Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023REVEALED$19.9B387Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023REVEALED$2.4B21May 15, 2023RESTATEMENTchanges · EDGAR ↗
Q4 2022REVEALED$14.9B301Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$11.7B393Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022REVEALED$25.9B531Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$21.5B662May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021REVEALED$29.0B714Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021REVEALED$25.0B739Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$23.9B804Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021REVEALED$18.9B805May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020REVEALED$12.8B673Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020REVEALED$10.5B614Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020REVEALED$7.3B551Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.3B499May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019REVEALED$11.5B650Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$5.1B607Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019REVEALED$8.3B590Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019REVEALED$8.3B1,016May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$7.0B1,156Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.