Balyasny Asset Management L.P.
Reported US equity positions for Q1 2026 — $50.9B across 2,390 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| AMZN Amazon.com, Inc. | $904.5M | 1.8% | 4,343,035 |
| NVDA NVIDIA Corporation | $734.6M | 1.4% | 4,212,277 |
| WBD Warner Bros. Discovery, Inc. - Series A | $689.7M | 1.4% | 25,115,014 |
| META Meta Platforms, Inc. | $667.0M | 1.3% | 1,165,839 |
| AAPL Apple Inc. | $592.5M | 1.2% | 2,334,748 |
| LITE 0.5 06.15.28 Lumentum Hldgs INC | $547.4M | 1.1% | 102,062,000 |
| GOOGL Alphabet Inc. | $450.6M | 0.9% | 1,566,858 |
| RTX RTX Corporation | $427.8M | 0.8% | 2,217,541 |
| KVUE Kenvue Inc. | $423.5M | 0.8% | 24,564,292 |
| TXNM TXNM Energy, Inc. | $417.0M | 0.8% | 7,133,543 |
| NSC Norfolk Southern Corporation | $384.2M | 0.8% | 1,338,717 |
| HO1 Hologic INC | $357.0M | 0.7% | 4,722,968 |
| ROST Ross Stores, Inc. | $340.1M | 0.7% | 1,569,818 |
| TGT Target Corporation | $316.3M | 0.6% | 2,609,590 |
| LITE 0.5 12.15.26 Lumentum Hldgs INC | $315.3M | 0.6% | 44,572,000 |
| STZ Constellation Brands, Inc. | $314.1M | 0.6% | 2,093,846 |
| G51502105 Johnson Controls Internation | $302.9M | 0.6% | 2,312,865 |
| PFE Pfizer, Inc. | $294.0M | 0.6% | 10,471,388 |
| PH Parker-Hannifin Corporation | $289.6M | 0.6% | 323,451 |
| CTRA Coterra Energy INC | $284.5M | 0.6% | 8,096,749 |
| TMO Thermo Fisher Scientific Inc | $273.0M | 0.5% | 555,473 |
| KKR KKR & Co. Inc. | $270.5M | 0.5% | 2,924,114 |
| AMAT Applied Materials, Inc. | $267.7M | 0.5% | 783,346 |
| ORLY O'Reilly Automotive, Inc. | $259.2M | 0.5% | 2,808,267 |
| SLAB Silicon Laboratories, Inc. | $256.8M | 0.5% | 1,233,893 |
| ODFL Old Dominion Freight Line, Inc. | $254.7M | 0.5% | 1,303,289 |
| PEN Penumbra, Inc. | $250.2M | 0.5% | 762,096 |
| C Citigroup, Inc. | $239.4M | 0.5% | 2,110,805 |
| ETSY Etsy, Inc. | $227.8M | 0.4% | 4,558,200 |
| PGR The Progressive Corporation | $218.5M | 0.4% | 1,102,331 |
| MRK Merck & Company, Inc. Common Stock (new) | $218.0M | 0.4% | 1,812,608 |
| GS The Goldman Sachs Group, Inc. | $214.4M | 0.4% | 253,384 |
| G25508105 Crh PLC | $213.4M | 0.4% | 2,029,720 |
| ABNB Airbnb, Inc. | $212.9M | 0.4% | 1,686,003 |
| APD Air Products and Chemicals, Inc. | $210.6M | 0.4% | 725,084 |
| BRK.B Berkshire Hathaway Inc. | $210.6M | 0.4% | 439,396 |
| 16115Q308 Chart Inds INC | $210.3M | 0.4% | 1,017,404 |
| G6700G107 Nvent Elec PLC | $210.0M | 0.4% | 1,775,062 |
| BLK BlackRock, Inc. | $202.3M | 0.4% | 210,304 |
| MDLZ Mondelez International, Inc. | $201.1M | 0.4% | 3,488,147 |
| GOOG Alphabet Inc. - Class C Capital Stock | $197.9M | 0.4% | 689,898 |
| D Dominion Energy, Inc. | $195.9M | 0.4% | 3,168,586 |
| FIVE Five Below, Inc. | $193.8M | 0.4% | 848,065 |
| ROK Rockwell Automation, Inc. | $190.5M | 0.4% | 530,847 |
| LMT Lockheed Martin Corporation | $183.2M | 0.4% | 303,149 |
| UAL United Airlines Holdings, Inc. | $181.6M | 0.4% | 1,972,257 |
| TTWO Take-Two Interactive Software, Inc. | $181.5M | 0.4% | 918,850 |
| SRE DBA Sempra | $175.8M | 0.3% | 1,808,706 |
| DDOG Datadog, Inc. | $174.1M | 0.3% | 1,474,452 |
| CWAN Clearwater Analytics Hldgs I | $173.0M | 0.3% | 7,313,635 |
| MELI MercadoLibre, Inc. | $172.9M | 0.3% | 100,010 |
| V Visa Inc. | $171.8M | 0.3% | 568,513 |
| KO The Coca-Cola Company | $167.8M | 0.3% | 2,206,778 |
| CAT Caterpillar, Inc. | $167.3M | 0.3% | 236,149 |
| WDC Western Digital Corporation | $166.8M | 0.3% | 616,559 |
| AME AMETEK, Inc. | $163.6M | 0.3% | 763,415 |
| HONGBP Honeywell Intl INC | $160.3M | 0.3% | 709,370 |
| L8681T102 Spotify Technology S A | $159.4M | 0.3% | 328,703 |
| AES The AES Corporation | $157.6M | 0.3% | 11,183,361 |
| MA Mastercard Incorporated | $155.5M | 0.3% | 311,268 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| AMZN Amazon.com, Inc. | Trim | $904.5M | $1.2B | -19% |
| NVDA NVIDIA Corporation | Trim | $734.6M | $1.1B | -29% |
| WBD Warner Bros. Discovery, Inc. - Series A | Add | $689.7M | $263.7M | +174% |
| META Meta Platforms, Inc. | Add | $667.0M | $124.3M | +519% |
| AAPL Apple Inc. | Add | $592.5M | $179.0M | +255% |
| LITE 0.5 06.15.28 Lumentum Hldgs INC | Add | $547.4M | $238.7M | +21% |
| GOOGL Alphabet Inc. | Trim | $450.6M | $668.6M | -27% |
| KVUE Kenvue Inc. | Add | $423.5M | $417.8M | +1% |
| TXNM TXNM Energy, Inc. | Add | $417.0M | $201.1M | +109% |
| NSC Norfolk Southern Corporation | Trim | $384.2M | $482.2M | -20% |
| HO1 Hologic INC | Add | $357.0M | $119.8M | +194% |
| LITE 0.5 12.15.26 Lumentum Hldgs INC | Trim | $315.3M | $177.3M | -7% |
| G51502105 Johnson Controls Internation | Add | $302.9M | $216.6M | +28% |
| PFE Pfizer, Inc. | Add | $294.0M | $212.8M | +23% |
| PH Parker-Hannifin Corporation | Add | $289.6M | $265.2M | +7% |
| AMAT Applied Materials, Inc. | Add | $267.7M | $165.9M | +21% |
| ORLY O'Reilly Automotive, Inc. | Add | $259.2M | $162.6M | +58% |
| ETSY Etsy, Inc. | Add | $227.8M | $117.6M | +115% |
| MRK Merck & Company, Inc. Common Stock (new) | Trim | $218.0M | $230.2M | -17% |
| G25508105 Crh PLC | Add | $213.4M | $97.1M | +161% |
| BRK.B Berkshire Hathaway Inc. | Add | $210.6M | $218.5M | +1% |
| 16115Q308 Chart Inds INC | Add | $210.3M | $128.8M | +63% |
| G6700G107 Nvent Elec PLC | Add | $210.0M | $144.0M | +26% |
| GOOG Alphabet Inc. - Class C Capital Stock | Trim | $197.9M | $234.7M | -8% |
| FIVE Five Below, Inc. | Trim | $193.8M | $163.8M | -2% |
| ROK Rockwell Automation, Inc. | Trim | $190.5M | $218.2M | -5% |
| TTWO Take-Two Interactive Software, Inc. | Trim | $181.5M | $306.6M | -23% |
| V Visa Inc. | Add | $171.8M | $150.3M | +33% |
| CAT Caterpillar, Inc. | Add | $167.3M | $118.1M | +15% |
| AME AMETEK, Inc. | Trim | $163.6M | $219.8M | -29% |
| HONGBP Honeywell Intl INC | Add | $160.3M | $112.9M | +23% |
| L8681T102 Spotify Technology S A | Trim | $159.4M | $197.1M | -3% |
| IEX IDEX Corporation | Add | $154.7M | $128.1M | +13% |
| AVGO Broadcom Inc. | Trim | $153.7M | $516.2M | -67% |
| 81211K100 Sealed Air Corp New | Add | $153.3M | $119.8M | +26% |
| AIG American International Group, Inc. | Trim | $151.3M | $177.2M | -3% |
| SHW The Sherwin-Williams Company | Trim | $148.5M | $214.6M | -30% |
| BAC Bank of America Corporation | Trim | $143.6M | $209.3M | -23% |
| BA The Boeing Company | Trim | $143.3M | $166.8M | -6% |
| MS Morgan Stanley | Trim | $141.3M | $396.6M | -62% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.