Managers / Q1 2023 · view latest →
HBK INVESTMENTS L P
CIK 0001011443 · 2300 NORTH FIELD STREET, STE 2200, DALLAS, TX, 75201 · 2147586100
Summary
Hbk Investments L P reported $2.4B in U.S.-listed holdings across 21 positions for Q1 2023.
The portfolio is heavily concentrated: Cerner alone accounts for 34.1% of reported value.
Compared with Q4 2022, the fund opened 16 new positions and exited 209.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 77.1% · $1.8B
- Other · 14.3% · $341M
- US DOMESTIC · 8.1% · $194M
- REIT · 0.5% · $13M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ANAPLAN INCREVEALED | NEW | +6.78M | 6.78M | +$441M | $441M |
| MIMECAST LTDREVEALED | NEW | +2.50M | 2.50M | +$199M | $199M |
| VEONEER INCREVEALED | NEW | +4.26M | 4.26M | +$157M | $157M |
| ZYNGA INCREVEALED | NEW | +14.78M | 14.78M | +$137M | $137M |
| ZYNGA INCREVEALED | NEW | +58.30M | 58.30M | +$71M | $71M |
| ZYNGA INCREVEALED | NEW | +7.50M | 7.50M | +$69M | $69M |
| MANDIANT INCREVEALED | NEW | +2.45M | 2.45M | +$55M | $55M |
| COHERENT INCREVEALED | NEW | +200.0K | 200.0K | +$55M | $55M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2023REVEALED
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CERNER CORPREVEALED | COM | 34.15% | $816M | 8.73M |
| 2 | ANAPLAN INCREVEALED | COM | 18.43% | $441M | 6.78M |
| 3 | ZYNGA INCREVEALED | CL A · NOTE 0.250% 6/0 · NOTE 12/1 | 10.38% | $248M | 112.63M |
| 4 | MIMECAST LTDREVEALED | ORD SHS | 8.32% | $199M | 2.50M |
| 5 | VEONEER INCREVEALED | COM | 6.58% | $157M | 4.26M |
| 6 | VONAGE HLDGS CORPREVEALED | COM · NOTE 1.750% 6/0 | 6.08% | $145M | 37.55M |
| 7 | MANDIANT INCREVEALED | COM · NOTE 0.875% 6/0 | 3.95% | $94M | 38.45M |
| 8 | WELBILT INCREVEALED | COM | 3.76% | $90M | 3.78M |
| 9 | COHERENT INCREVEALED | COM | 2.29% | $55M | 200.0K |
| 10 | SANDERSON FARMS INCREVEALED | COM | 1.02% | $24M | 130.0K |
| 11 | DISCOVERY INCREVEALED | COM SER A | 0.85% | $20M | 820.0K |
| 12 | HEALTHCARE TR AMER INCREVEALED | CL A NEW | 0.46% | $11M | 350.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $9.9B | 346 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025REVEALED | $15.1B | 273 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025REVEALED | $11.5B | 263 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $4.7B | 202 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025REVEALED | $5.6B | 182 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024REVEALED | $7.3B | 194 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $6.3B | 154 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024REVEALED | $23.0B | 168 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024REVEALED | $25.0B | 175 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $18.5B | 194 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023REVEALED | $15.4B | 217 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023REVEALED | $19.9B | 387 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023REVEALED | $2.4B | 21 | May 15, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2022REVEALED | $14.9B | 301 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $11.7B | 393 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022REVEALED | $25.9B | 531 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $21.5B | 662 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021REVEALED | $29.0B | 714 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021REVEALED | $25.0B | 739 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021REVEALED | $23.9B | 804 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021REVEALED | $18.9B | 805 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020REVEALED | $12.8B | 673 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020REVEALED | $10.5B | 614 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020REVEALED | $7.3B | 551 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $3.3B | 499 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019REVEALED | $11.5B | 650 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $5.1B | 607 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019REVEALED | $8.3B | 590 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019REVEALED | $8.3B | 1,016 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $7.0B | 1,156 | Feb 14, 2019 | 13F-HR | changes · 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 ↗.