Q2 2026 13F · SEC CIK 1011443

Hbk Investments L P

Hedge fundFiled 2026-09-16 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $7.8B
Reported positions: 173
Top holdings a year, 3 yrs: +7.3%
Assets under management: $35.6B

Hbk Investments L P is a hedge fund that reported 173 positions worth $7.8B in its Q2 2026 13F, filed 2026-09-16. Its largest holdings were Topbuild Cor (BLD, 11.9%), Electronic Arts Inc (EA, 8.3%), Penumbra, Inc. (PEN, 7.4%). A portfolio copying its top holdings returned 7.3% a year over the last 3 years, against 19.4% for the S&P 500.

Hbk Investments L P holdings largest 50 of 173 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Hbk Investments L P 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BLDTopbuild Cor	11.9%	—	2,625,000	—	$930.6M
EAElectronic Arts Inc	8.3%	9.0%	3,190,000	-2.4%	$654.1M
PENPenumbra, Inc.	7.4%	7.3%	1,838,508	+12.5%	$580.5M
NSCNorfolk Southn Corporation	7.0%	6.8%	1,750,000	+0.8%	$550.5M
KVUEKenvue Inc	6.8%	4.9%	28,000,001	+33.3%	$535.1M
WBDWarner Bros Discovery Inc	6.4%	6.1%	18,965,932	+15.9%	$505.6M
TECHBio-Techne Corp	6.2%	—	6,825,000	—	$482.2M
NUVLNuvalent Inc	5.5%	—	3,483,100	—	$430.2M
APGEApogee Therapeutics Inc	4.8%	—	2,850,000	—	$378.3M
GTLSChart Inds Inc	4.8%	1.9%	1,789,092	+159.6%	$373.8M
TECKTeck Resources Ltd	4.4%	1.1%	5,773,121	+264.2%	$343.3M
JHGJanus Henderson Group PLC	3.4%	3.0%	5,149,300	+21.7%	$267.8M
SLABSilicon Laboratories Inc	2.8%	—	1,000,000	—	$218.6M
ROKURoku Inc	2.1%	—	1,184,334	—	$163.6M
AESAES Corp	2.1%	—	11,070,839	—	$162.3M
LBRDKLiberty Broadband Corp	1.9%	2.9%	4,495,095	+4.8%	$149.5M
VALValaris Ltd	1.5%	—	1,575,143	—	$114.4M
CPRXCatalyst Pharmaceuticals Inc	1.1%	—	2,820,302	—	$88.6M
DPCDpc Holdings PLC	0.8%	—	1,482,881	—	$59.1M
42824C208Hewlett Packard Enterprise C	0.5%	0.3%	350,000	+16.7%	$41.0M
SPCXSpace Exploration Techn Corp	0.5%	—	237,500	—	$40.6M
ARKBArk 21shares Bitcoin ETF	0.5%	0.6%	1,966,887	+0.0%	$38.3M
COOCooper Cos Inc	0.4%	—	441,651	—	$31.7M
CONConcentra Group Holdings Par	0.4%	0.3%	1,044,614	+21.1%	$31.1M
SOLVSolventum Corporation Common S	0.4%	0.3%	388,022	+0.0%	$29.9M
NWSANews Corp New	0.4%	0.4%	1,183,664	+0.0%	$29.4M
TXNMTxnm Energy Inc	0.4%	2.4%	484,938	-84.1%	$27.5M
UBERUber Technologies Inc	0.3%	0.3%	361,434	+20.9%	$26.1M
SIRISiriusxm Holdings Inc	0.3%	0.4%	848,845	-27.1%	$25.1M
CMCSAComcast Corp New	0.3%	0.4%	937,002	-12.2%	$23.0M
TRIPTripadvisor Inc	0.3%	0.4%	1,514,728	-40.0%	$20.8M
MATMattel Inc	0.2%	0.3%	1,300,000	+0.0%	$18.0M
GMEGamestop Corp	0.2%	0.2%	729,665	-6.7%	$16.1M
FETHFidelity Ethereum Fd	0.2%	0.3%	980,008	-13.0%	$15.4M
QNTQuantinuum Inc	0.2%	—	179,462	—	$14.7M
ITGRInteger Hldgs Corp	0.2%	—	155,186	—	$14.5M
VGNTVersigent PLC	0.2%	—	343,706	—	$14.4M
DLRDigital Rlty Tr Inc	0.2%	—	80,000	—	$14.4M
MDLNMedline Inc	0.2%	0.3%	325,000	-23.5%	$12.8M
SPLGSpdr Series Trust	0.2%	0.1%	137,616	+14.2%	$12.1M
65339F655NextEra Energy 7.375 15-Feb-2029 PEPS	0.2%	—	250,000	—	$12.0M
BATRKAtlanta Braves Hldgs Inc	0.1%	0.1%	185,872	-6.3%	$9.6M
VIAVViavi Solutions Inc	0.1%	—	200,000	—	$9.6M
FLRFluor Corp Com	0.1%	—	160,953	—	$8.4M
IMAXImax Corp	0.1%	—	202,160	—	$8.1M
FVAVFortress Value Acquisition Corp	0.1%	0.1%	750,000	+0.0%	$7.6M
KPETKpet Ultra Paceline Corp	0.1%	—	750,006	—	$7.5M
71531T105Pershing Square USA Ltd Com Shs	0.1%	—	200,000	—	$7.5M
ACAAAverin Cap Acquisition Corp	0.1%	—	750,006	—	$7.5M
GHXIUGores Holdings Xi Inc	0.1%	—	725,000	—	$7.4M

What Hbk Investments L P bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: —
3 years: +7.3% /yr; S&P 500 +19.4%
5 years: +7.3% /yr; S&P 500 +10.7%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$7.8B	173
Q1 2026	$7.4B	194
Q4 2025	$8.5B	133
Q3 2025	$6.1B	121
Q2 2025	$2.0B	86
Q1 2025	$1.8B	67
Q4 2024	$2.1B	68
Q3 2024	$1.8B	57
Q2 2024	$1.5B	57
Q1 2024	$1.7B	52
Q4 2023	$270.7M	43
Q3 2023	$354.6M	66

Questions about Hbk Investments L P's portfolio

What stocks does Hbk Investments L P own?

Hbk Investments L P's latest 13F, for Q2 2026 and filed Sep 16, 2026, lists 173 positions worth $7.8B. The largest are Topbuild Cor (BLD) at 11.9%, Electronic Arts Inc (EA) at 8.3%, Penumbra, Inc. (PEN) at 7.4%, Norfolk Southn Corporation (NSC) at 7.0% and Kenvue Inc (KVUE) at 6.8%.

What did Hbk Investments L P buy last quarter?

In Q2 2026, Hbk Investments L P added Teck Resources Ltd (TECK) (+264.2% shares), Chart Inds Inc (GTLS) (+159.6% shares) and Kenvue Inc (KVUE) (+33.3% shares), compared with its Q1 2026 filing.

What did Hbk Investments L P sell last quarter?

In Q2 2026, Hbk Investments L P cut from its top 50 Hologic Inc (HOLX), cut from its top 50 Masimo Corp (MASI), cut from its top 50 Coterra Energy Inc (COG), cut from its top 50 Air Lease Corp (AL), cut from its top 50 Clearwater Analytics Hldgs I (CWAN), Txnm Energy Inc (TXNM) (-84.1% shares), Tripadvisor Inc (TRIP) (-40.0% shares) and Siriusxm Holdings Inc (SIRI) (-27.1% shares), compared with its Q1 2026 filing.

How has Hbk Investments L P's portfolio performed?

A portfolio copying Hbk Investments L P's 20 largest 13F holdings each quarter, from the day each filing was public, returned +7.3% a year over the last 3 years, against +19.4% for the S&P 500. Over 5 years: +7.3% a year against +10.7%.

When is Hbk Investments L P's next 13F filing due?

13F filings are due 45 days after each quarter ends. Hbk Investments L P's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Hbk Investments L P manage?

Hbk Investments L P reported $35.6B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $7.8B.