Hedge fund, long-only 13F filer
Balyasny Asset Management
Balyasny Asset Management is a multi-strategy hedge fund founded by Dmitry Balyasny in Chicago in 2001, running equities, macro and credit across many independent trading teams. It discloses US-listed long equity (and some options) positions each quarter on SEC Form 13F — bonds, cash, private businesses and non-US holdings are not in that filing.
How has Balyasny Asset Management's portfolio moved against the S&P 500?
Rebuilt from its quarterly filings, Balyasny's disclosed portfolio is up 40% since September 2024. Over the stretch where we can compare, since December 2025, it is up 2% against 9% for the S&P 500. The latest filing, for the quarter ended 30 June 2026, lists 2,931 positions worth 54.7B USD.
Balyasny's disclosed holdings, rebuilt at each filing
S&P 500, from Dec 2025, drawn from Balyasny's level then
Long US stock only, held from one filing to the next: an illustrative read, not an audited return.
What does Balyasny Asset Management hold?
INVESCO QQQ TR (QQQ) is the largest disclosed position, at 2.4% or 2.0B USD. The 15 largest positions, listed below, make up 17% of the 54.7B USD portfolio; 3 of them are new buys this quarter.
SEC EDGAR Form 13F-HR, quarter ended 30 June 2026
| Position | Value | Weight | Shares | Last quarter |
|---|---|---|---|---|
| QQQINVESCO QQQ TR, put option | 2.0B USD | 2.4% | 2.7M | Trimmed |
| SPYSTATE STR SPDR S&P 500 ETF T, put option | 1.7B USD | 2.1% | 2.3M | Trimmed |
| IWMISHARES TR, put option | 1.4B USD | 1.8% | 4.7M | Trimmed |
| AMZNAMAZON COM INC | 1.1B USD | 1.4% | 4.8M | Held |
| AAPLAPPLE INC, put option | 1.1B USD | 1.3% | 3.7M | Held |
| XLFSELECT SECTOR SPDR TR, put option | 861.0M USD | 1.1% | 16.1M | New buy |
| NVDANVIDIA CORPORATION, put option | 708.0M USD | 0.9% | 3.5M | Held |
| AMZNAMAZON COM INC, put option | 705.2M USD | 0.9% | 3.0M | Held |
| SMHVANECK ETF TRUST, put option | 672.9M USD | 0.8% | 1.0M | Added |
| METAMETA PLATFORMS INC, put option | 670.5M USD | 0.8% | 1.2M | Held |
| NVDANVIDIA CORPORATION | 647.8M USD | 0.8% | 3.2M | Held |
| SPYSTATE STR SPDR S&P 500 ETF T | 643.5M USD | 0.8% | 861.7K | Added |
| SPCXSPACE EXPLORATION TECHN CORP | 580.5M USD | 0.7% | 3.4M | New buy |
| IVVISHARES TR | 532.1M USD | 0.7% | 710.5K | New buy |
| AESAES CORP | 507.7M USD | 0.6% | 34.6M | Added |
Rows sharing a company name are separate securities of the same issuer — different share classes or option positions, as filed.
What did Balyasny Asset Management change last quarter?
In the quarter ended 30 June 2026 Balyasny Asset Management opened 874 positions, the largest SELECT SECTOR SPDR TR (XLF) at 861.0M USD, then SPACE EXPLORATION TECHN CORP and ISHARES TR. It added to 815, trimmed 751 and sold out of 748, against the filing before.
Against the previous quarter's 13F, largest first within each kind; the 20 largest of each kind are listed
| Position | Change | Shares moved | Value after |
|---|---|---|---|
| XLFSELECT SECTOR SPDR TR, put option | New buy | +16.1M | 861.0M USD |
| SPCXSPACE EXPLORATION TECHN CORP | New buy | +3.4M | 580.5M USD |
| IVVISHARES TR | New buy | +710.5K | 532.1M USD |
| USBUS BANCORP | New buy | +4.4M | 267.9M USD |
| CEREBRAS SYSTEMS INCNo US ticker on file | New buy | +1.1M | 247.6M USD |
| XLUSELECT SECTOR SPDR TR, put option | New buy | +4.7M | 212.6M USD |
| XLFSELECT SECTOR SPDR TR | New buy | +3.8M | 202.7M USD |
| PINSPINTEREST INC | New buy | +8.6M | 180.0M USD |
| XLFSELECT SECTOR SPDR TR, call option | New buy | +3.3M | 177.8M USD |
| NUVLNUVALENT INC | New buy | +1.0M | 128.1M USD |
| ACAARCOSA INC | New buy | +839.0K | 121.9M USD |
| CCLCARNIVAL CORP LTD | New buy | +4.2M | 120.0M USD |
| INNIO NVNo US ticker on file | New buy | +2.9M | 116.6M USD |
| NRGNRG ENERGY INC, call option | New buy | +750.0K | 109.5M USD |
| ESIELEMENT SOLUTIONS INC | New buy | +1.8M | 84.0M USD |
| DVNDEVON ENERGY CORP NEW, call option | New buy | +2.0M | 83.6M USD |
| SMCISUPER MICRO COMPUTER INC | New buy | +2.8M | 83.3M USD |
| DPC HOLDINGS PLCNo US ticker on file | New buy | +1.6M | 77.8M USD |
| EWBCEAST WEST BANCORP INC | New buy | +598.7K | 77.3M USD |
| PIIPOLARIS INC | New buy | +1.1M | 73.9M USD |
| SMHVANECK ETF TRUST, put option | Added | +897.7K | 672.9M USD |
| SPYSTATE STR SPDR S&P 500 ETF T | Added | +741.8K | 643.5M USD |
| AESAES CORP | Added | +23.5M | 507.7M USD |
| TXNTEXAS INSTRS INC | Added | +1.5M | 448.9M USD |
| ROKUROKU INC | Added | +2.9M | 434.8M USD |
| MMM3M CO | Added | +2.3M | 373.5M USD |
| PENPENUMBRA INC | Added | +328.1K | 344.2M USD |
| MDLZMONDELEZ INTL INC | Added | +2.4M | 341.5M USD |
| SLABSILICON LABORATORIES INC | Added | +325.8K | 340.9M USD |
| BLKBLACKROCK INC | Added | +124.7K | 322.1M USD |
| TTTRANE TECHNOLOGIES PLC | Added | +296.4K | 312.3M USD |
| AMDADVANCED MICRO DEVICES INC | Added | +144.9K | 294.4M USD |
| COSTCOSTCO WHOLESALE CORPORATION | Added | +158.9K | 284.4M USD |
| EAELECTRONIC ARTS INC | Added | +1.0M | 265.8M USD |
| HBANHUNTINGTON BANCSHARES INC | Added | +9.2M | 260.5M USD |
| APHAMPHENOL CORP | Added | +1.4M | 256.7M USD |
| SPYSTATE STR SPDR S&P 500 ETF T, call option | Added | +148.3K | 255.1M USD |
| AMEAMETEK INC | Added | +289.3K | 254.7M USD |
| SPOTSPOTIFY TECHNOLOGY S A | Added | +200.8K | 243.1M USD |
| ASMLASML HLDG NV | Added | +43.6K | 241.2M USD |
| QQQINVESCO QQQ TR, put option | Trimmed | −1.2M | 2.0B USD |
| SPYSTATE STR SPDR S&P 500 ETF T, put option | Trimmed | −3.5M | 1.7B USD |
| IWMISHARES TR, put option | Trimmed | −2.6M | 1.4B USD |
| WBDWARNER BROS DISCOVERY INC | Trimmed | −8.6M | 440.2M USD |
| AAPLAPPLE INC | Trimmed | −988.1K | 389.7M USD |
| METAMETA PLATFORMS INC | Trimmed | −533.2K | 356.4M USD |
| STXSEAGATE TECHNOLOGY HLDNGS PL | Trimmed | −140.0K | 247.2M USD |
| DDOGDATADOG INC | Trimmed | −563.1K | 237.3M USD |
| PHPARKER-HANNIFIN CORP | Trimmed | −101.1K | 217.5M USD |
| MUMICRON TECHNOLOGY INC, call option | Trimmed | −137.3K | 204.7M USD |
| RTXRTX CORPORATION | Trimmed | −1.1M | 203.5M USD |
| ETSYETSY INC | Trimmed | −1.9M | 202.7M USD |
| NVTNVENT ELEC PLC | Trimmed | −601.8K | 199.0M USD |
| AMDADVANCED MICRO DEVICES INC, put option | Trimmed | −537.4K | 186.2M USD |
| STZCONSTELLATION BRANDS INC | Trimmed | −762.4K | 185.2M USD |
| TWLOTWILIO INC | Trimmed | −348.2K | 155.9M USD |
| HYGISHARES TR, put option | Trimmed | −3.5M | 128.0M USD |
| CATCATERPILLAR INC | Trimmed | −117.1K | 126.8M USD |
| COHRCOHERENT CORP | Trimmed | −127.8K | 122.6M USD |
| AMATAPPLIED MATLS INC | Trimmed | −617.0K | 120.3M USD |
| XLFISELECT SECTOR SPDR TR, put option | Sold out | −11.4M | was 561.5M USD |
| LUMENTUM HLDGS INCNo US ticker on file | Sold out | −102.1M | was 547.4M USD |
| HOLXHOLOGIC INC | Sold out | −4.7M | was 357.0M USD |
| LUMENTUM HLDGS INCNo US ticker on file | Sold out | −44.6M | was 315.3M USD |
| JCIJOHNSON CONTROLS INTERNATION | Sold out | −2.3M | was 302.9M USD |
| CTRACOTERRA ENERGY INC | Sold out | −8.1M | was 284.5M USD |
| XLUISELECT SECTOR SPDR TR, put option | Sold out | −5.9M | was 269.3M USD |
| CWANCLEARWATER ANALYTICS HLDGS I | Sold out | −7.3M | was 173.0M USD |
| HONHONEYWELL INTL INC | Sold out | −709.4K | was 160.3M USD |
| SEESEALED AIR CORP NEW | Sold out | −3.6M | was 153.3M USD |
| WBSWEBSTER FINL CORP | Sold out | −2.2M | was 150.6M USD |
| TERNTERNS PHARMACEUTICALS INC | Sold out | −2.8M | was 146.5M USD |
| BABOEING CO | Sold out | −719.8K | was 143.3M USD |
| MASIMASIMO CORP | Sold out | −771.0K | was 137.1M USD |
| ORACLE CORPNo US ticker on file | Sold out | −2.7M | was 121.5M USD |
| XLFISELECT SECTOR SPDR TR, call option | Sold out | −2.2M | was 110.3M USD |
| MARMARRIOTT INTL INC NEW | Sold out | −309.8K | was 101.3M USD |
| CELHCELSIUS HLDGS INC | Sold out | −2.4M | was 84.9M USD |
| CWANCLEARWATER ANALYTICS HLDGS I, call option | Sold out | −3.5M | was 82.9M USD |
| HYGISHARES TR, call option | Sold out | −1.0M | was 82.2M USD |
Rows sharing a company name are separate securities of the same issuer — different share classes or option positions, as filed.
Where is Balyasny Asset Management's money by sector?
Technology (14%) and consumer cyclical (8%) hold 22% of disclosed value, across 2,931 positions; industrials (8%) and healthcare (7%) come next.
By reported value at quarter end; sectors from our reference list, "Other" where none matched
What do people ask about Balyasny Asset Management?
What is Balyasny Asset Management's biggest holding?2.4%
As of the quarter ended 30 June 2026, the largest disclosed position was a Put on QQQ (INVESCO QQQ TR), about 2.4% of the disclosed US-listed portfolio by reported value. That is an options position, not common shares — the largest share holding was AMZN.
What did Dmitry Balyasny's Balyasny Asset Management buy in Q2 2026?874
874 new positions were disclosed for the quarter ended 30 June 2026; the largest were a Put on XLF, SPCX, IVV. Adds and trims are listed in the quarterly-changes table on this page.
How concentrated is the portfolio?9%
Broadly diversified. The top five positions are 9% of disclosed value and the top ten are 14%.
When is Balyasny Asset Management's next 13F due?
13F filings for the quarter ended 30 September 2026 are due by 16 November 2026 — managers have 45 days after each calendar quarter ends. Whether Balyasny Asset Management files is up to the manager; we show whatever EDGAR receives.
Does this show the whole portfolio?
No. Form 13F covers US-listed long equity and some options only — no short bets, bonds, cash, private businesses, non-US holdings or timing inside the quarter. Amended filings replace originals; this page always shows the latest canonical version.

Read the form itself on SEC EDGAR or see our plain-words guide to 13F filings — Balyasny Asset Management may have already changed these positions since 30 June 2026.
References
- SEC EDGAR Form 13F-HR, quarterly, up to 45 days delayed. Filings are public records. Ticker mapping via SEC public files and OpenFIGI.
- Finazon prior-day close, indicative (IEX-derived, not the official close), some closes dollar-rounded at the source