SEC 13F Intelligence

Managers / Q1 2024 · view latest →

HBK INVESTMENTS L P

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

Reported Value
$25.0B
Q1 2024
Positions
175
includes revealed positions
Filings on Record
103
2019–present window
Filed
May 15, 2024
original filing

Summary

Hbk Investments L P reported $25.0B in U.S.-listed holdings across 175 positions for Q1 2024.

Its largest position, HES, represents 5.1% of the portfolio.

Compared with Q4 2023, the fund opened 55 new positions and exited 63.

Portfolio Metrics

Turnover
+5.6%
vs prior filed quarter
Top-10 Concentration
+20.1%
share of reported value
Largest Position
+5.1%
Hess
New / Exited
55 / 63
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
ETP: 69.2%Common Stock: 25.4%Other: 2.6%US DOMESTIC: 1.8%ADR: 0.5%Other: 0.5%
  • ETP · 69.2% · $17.9B
  • Common Stock · 25.4% · $6.6B
  • Other · 2.6% · $667M
  • US DOMESTIC · 1.8% · $462M
  • ADR · 0.5% · $140M
  • Other · 0.5% · $125M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HESHESS CORPREVEALEDNEW+16.73M16.73M+$2.5B$2.5B
TXNMPNM RES INCREVEALEDNEW+21.61M21.61M+$1.0B$1.0B
HORIZON THERAPEUTICS PUB LREVEALEDNEW+5.90M5.90M+$644M$644M
AQUAUSDEVOQUA WATER TECHNOLOGIES COREVEALEDNEW+5.92M5.92M+$295M$295M
OAK STR HEALTH INCREVEALEDNEW+5.00M5.00M+$193M$193M
VMWEURVMWARE INCREVEALEDNEW+1.38M1.38M+$172M$172M
FBTCFIDELITY WISE ORIGIN BITCOINNEW+1.67M1.67M+$104M$104M
ATVIEURACTIVISION BLIZZARD INCREVEALEDNEW+1.00M1.00M+$86M$86M

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

Holdings — Q1 2024REVEALED

21 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HESHESS CORPREVEALEDhistory →COM9.92%$2.5B16.73M
2TXNMPNM RES INCREVEALEDhistory →COM4.13%$1.0B21.61M
3SPLKCHFSPLUNK INCREVEALEDhistory →COM3.53%$883M5.85M
4HORIZON THERAPEUTICS PUB LREVEALEDSHS2.57%$644M5.90M
5AQUAUSDEVOQUA WATER TECHNOLOGIES COREVEALEDhistory →COM1.18%$295M5.92M
6OAK STR HEALTH INCREVEALEDCOM0.77%$193M5.00M
7VMWEURVMWARE INCREVEALEDhistory →CL A COM0.69%$172M1.38M
8FBTCFIDELITY WISE ORIGIN BITCOINhistory →SHS0.41%$104M1.67M
9QUALTRICS INTL INCREVEALEDCOM CL A0.32%$81M4.53M
10COINBASE GLOBAL INCNOTE 0.500% 6/00.31%$77M70.50M
11MAXRUSDMAXAR TECHNOLOGIES INCREVEALEDhistory →COM0.26%$65M1.26M
12AJRDEURAEROJET ROCKETDYNE HLDGS INCREVEALEDhistory →COM0.23%$57M1.02M
132JEFOCUS FINL PARTNERS INCREVEALEDhistory →COM CL A0.22%$56M1.07M
14FT2FIRST HORIZON CORPORATIONREVEALEDhistory →COM0.22%$56M3.13M
15TWO HARBORS INVENTMENT CORPONOTE 6.250% 1/10.18%$45M46.80M
16FRESHPET INCNOTE 3.000% 4/00.17%$42M23.48M
17NATERA INCNOTE 2.250% 5/00.16%$39M16.00M
18BUDANHEUSER BUSCH INBEV SA/NVhistory →SPONSORED ADR0.14%$36M596.5K
19PAR TECHNOLOGY CORPNOTE 1.500%10/10.13%$31M34.05M
20IMPINJ INCNOTE 1.125% 5/10.10%$26M19.25M
21BITBBITWISE BITCOIN ETF TRhistory →SHS BEN INT0.10%$25M656.9K

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 ↗.