SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Taconic Capital Advisors LP

CIK 0001390113 · 280 PARK AVENUE, 5TH FLOOR, NEW YORK, NY, 10017 · 212-209-3100

Reported Value
$5.2B
Q2 2025
Positions
115
includes revealed positions
Filings on Record
154
2019–present window
Filed
Aug 14, 2025
original filing

Summary

Taconic Capital Advisors LP reported $5.2B in U.S.-listed holdings across 115 positions for Q2 2025.

Its largest position, HES, represents 5.7% of the portfolio.

Compared with Q1 2025, the fund opened 28 new positions and exited 19.

Portfolio Metrics

Turnover
+8.3%
vs prior filed quarter
Top-10 Concentration
+44.6%
share of reported value
Largest Position
+5.7%
Hess
New / Exited
28 / 19
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: $1.0BQ4 ’18Q1 ’19: $2.1BQ2 ’19: $1.2BQ3 ’19: $995MQ4 ’19: $2.9BQ4 ’19Q1 ’20: $947MQ2 ’20: $1.5BQ3 ’20: $1.8BQ4 ’20: $2.2BQ4 ’20Q1 ’21: $2.8BQ2 ’21: $3.2BQ3 ’21: $3.6BQ4 ’21: $3.3BQ4 ’21Q1 ’22: $4.8BQ2 ’22: $3.3BQ3 ’22: $3.3BQ4 ’22: $2.4BQ4 ’22Q1 ’23: $1.4BQ2 ’23: $1.8BQ3 ’23: $1.5BQ4 ’23: $742MQ4 ’23Q1 ’24: $381MQ2 ’24: $671MQ3 ’24: $292MQ4 ’24: $810MQ4 ’24Q1 ’25: $509MQ2 ’25: $5.2BQ3 ’25: $482MQ4 ’25: $662MQ4 ’25Q1 ’26: $229Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 84.9%Other: 12.6%ADR: 1.9%REIT: 0.6%MLP: 0.0%Other: 0.0%
  • Common Stock · 84.9% · $4.4B
  • Other · 12.6% · $654M
  • ADR · 1.9% · $98M
  • REIT · 0.6% · $31M
  • MLP · 0.0% · $2M
  • Other · 0.0% · $698,721

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HESHESS CORPREVEALEDNEW+10.75M10.75M+$1.5B$1.5B
AKXANSYS INCREVEALEDNEW+3.41M3.41M+$1.1B$1.1B
JNPJUNIPER NETWORKS INCREVEALEDNEW+20.60M20.60M+$775M$775M
DFSEURDISCOVER FINL SVCSREVEALEDNEW+2.11M2.11M+$350M$350M
APY1EURCHAMPIONX CORPORATIONREVEALEDNEW+9.83M9.83M+$288M$288M
UNITED STATES STL CORP NEWREVEALEDNEW+2.75M2.75M+$119M$119M
SIMOSILICON MOTION TECHNOLOGY COREVEALEDNEW+1.97M1.97M+$98M$98M
USX1UNITED STATES STL CORP NEWREVEALEDNEW+2.25M2.25M+$96M$96M

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

Holdings — Q2 2025REVEALED

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HESHESS CORPREVEALEDhistory →COM29.70%$1.5B10.75M
2AKXANSYS INCREVEALEDhistory →COM21.48%$1.1B3.39M
3JNPJUNIPER NETWORKS INCREVEALEDhistory →COM14.88%$775M20.60M
4DFSEURDISCOVER FINL SVCSREVEALEDhistory →COM6.51%$339M2.03M
5APY1EURCHAMPIONX CORPORATIONREVEALEDhistory →COM5.52%$288M9.83M
6USX1UNITED STATES STL CORP NEWREVEALEDhistory →COM1.75%$91M2.11M
7CORZCORE SCIENTIFIC INC NEWhistory →COM1.41%$73M4.30M
8VTOLBRISTOW GROUP INChistory →COM0.84%$44M1.33M
9SIMOSILICON MOTION TECHNOLOGY COREVEALEDhistory →SPONSORED ADR0.68%$35M450.0K
10AZEKAZEK CO INChistory →CL A0.67%$35M638.9K
11BERYEURBERRY GLOBAL GROUP INCREVEALEDhistory →COM0.42%$22M341.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$229M15May 15, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025REVEALED$662M43Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025REVEALED$482M45Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025REVEALED$5.2B115Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025REVEALED$509M60May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024REVEALED$810M71Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024REVEALED$292M96Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024REVEALED$671M95Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$381M99May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$742M130Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.5B163Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.8B213Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.4B274May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.4B477Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.3B646Nov 14, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022REVEALED$3.3B704Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022REVEALED$4.8B586May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021REVEALED$3.3B569Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021REVEALED$3.6B483Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$3.2B478Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.8B367May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020REVEALED$2.2B201Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.8B123Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.5B47Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$947M43May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019REVEALED$2.9B47Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$995M37Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.2B41Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019REVEALED$2.1B51May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.0B48Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Taconic Capital Advisors UK LLP028-12491

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 ↗.