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Balyasny Asset Management LLC
The positions Balyasny Asset Management LLC reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
Reported book
$80.2bn
+$3.1bn on Q1 2026
Positions
2,950
18+ new, 570 sold out
Top ten weight
14%
Spread across the book
Quarter
Q2 2026
Filed 14 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0001218710 · Multistrategy · IL
Reported book is the quarter-end market value of the securities on the 13F, mostly US-listed long equity. It is not the manager’s assets under management: shorts, cash, leverage and most non-US or private holdings sit outside it.
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
- Select Sector SPDR Financial ETF (XLF)puts$861m · 1.1%
- Space Exploration Techn Corp (SPCX)Class A Common Stock$581m · 0.7%
- iShares Core S&P500 ETF (IVV)$532m · 0.7%
- Select Sector SPDR Energy ETF (XLE)puts$382m · 0.5%
- SPDR Series SP Regional Banks (KRE)puts$364m · 0.5%
- US Bancorp (USB)$268m · 0.3%
- Cerebras Systems Inc (CBRS)Common Class A$248m · 0.3%
- Select Sector SPDR Utilities ETF (XLU)puts$213m · 0.3%
- Select Sector SPDR Financial ETF (XLF)$203m · 0.3%
- Pinterest Inc (PINS)Class A$180m · 0.2%
- Select Sector SPDR Financial ETF (XLF)calls$178m · 0.2%
- Nuvalent Inc (NUVL)$128m · 0.2%
- and 6 more, in the table below.
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
- Select Sector SPDR Trust (XLFI)$683m held before
- Lumentum HLDGS Inc$547m held before
- Hologic Inc (HOLX)$357m held before
- Clearwater Analytics HLDGS I (CWAN)$321m held before
- Coterra Energy Inc (CTRA)$320m held before
- Lumentum HLDGS Inc$315m held before
- Johnson Controls Internation (JCI)$303m held before
- Select Sector SPDR Trust (XLUI)$298m held before
- Terns Pharmaceuticals Inc (TERN)$205m held before
- Sealed Air Corp New (SEE)$195m held before
- Honeywell Intl Inc (HON)$168m held before
- Masimo Corp (MASI)$152m held before
- and 558 more.
Largest reported positions, Q2 2026
200 positions, sorted by weight · page 1 of 2
Showing the largest 200 reported positions, representing 60.1% of reported market value.
| Position | Weight ↓ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Invesco QQQ Trust (QQQ) puts · CUSIP 46090E103 | 2.4% | $2.0bn | 2,650,300 | -$253m -1,170,200 shares | Trimmed |
| State Street SPDR S&P 500 ETF (SPY) puts · CUSIP 78462F103 | 2.1% | $1.7bn | 2,283,900 | -$2.1bn -3,547,700 shares | Trimmed |
| iShares Russell 2000 ETF (IWM) puts · CUSIP 464287655 | 1.8% | $1.4bn | 4,713,900 | -$399m -2,606,500 shares | Trimmed |
| Amazon Com Inc (AMZN) CUSIP 023135106 | 1.4% | $1.1bn | 4,770,545 | +$233m +427,510 shares | Added |
| Apple Inc (AAPL) puts · CUSIP 037833100 | 1.3% | $1.1bn | 3,658,000 | +$307m +695,100 shares | Added |
| Select Sector SPDR Financial ETF (XLF) puts · CUSIP 81369Y605 | 1.1% | $861m | 16,061,000 | No earlier filing | New |
| Nvidia Corporation (NVDA) puts · CUSIP 67066G104 | 0.9% | $708m | 3,538,200 | +$148m +327,700 shares | Added |
| Amazon Com Inc (AMZN) puts · CUSIP 023135106 | 0.9% | $705m | 2,958,900 | +$167m +373,600 shares | Added |
| VanEck Semiconductor (SMH) puts · CUSIP 92189F676 | 0.8% | $673m | 1,025,900 | +$624m +897,700 shares | Added |
| Meta Platforms Inc (META) Class A · puts · CUSIP 30303M102 | 0.8% | $671m | 1,190,400 | -$89m -137,200 shares | Trimmed |
| Nvidia Corporation (NVDA) CUSIP 67066G104 | 0.8% | $648m | 3,237,337 | -$87m -974,940 shares | Trimmed |
| State Street SPDR S&P 500 ETF (SPY) CUSIP 78462F103 | 0.8% | $644m | 861,737 | +$566m +741,815 shares | Added |
| Space Exploration Techn Corp (SPCX) Class A Common Stock · CUSIP 84615Q103 | 0.7% | $581m | 3,397,642 | No earlier filing | New |
| iShares Core S&P500 ETF (IVV) CUSIP 464287200 | 0.7% | $532m | 710,479 | No earlier filing | New |
| Aes Corp (AES) CUSIP 00130H105 | 0.6% | $508m | 34,633,491 | +$350m +23,450,130 shares | Added |
| Invesco QQQ Trust (QQQ) calls · CUSIP 46090E103 | 0.6% | $497m | 674,500 | +$25m -142,600 shares | Trimmed |
| Texas Instrs Inc (TXN) CUSIP 882508104 | 0.6% | $449m | 1,506,041 | +$445m +1,487,343 shares | Added |
| Warner Bros Discovery Inc (WBD) Common Series A · CUSIP 934423104 | 0.5% | $440m | 16,512,606 | -$249m -8,602,408 shares | Trimmed |
| Roku Inc (ROKU) Common Class A · CUSIP 77543R102 | 0.5% | $435m | 3,147,789 | +$413m +2,919,202 shares | Added |
| Alphabet Inc (GOOGL) Capital Stock Class A · puts · CUSIP 02079K305 | 0.5% | $431m | 1,206,500 | +$70m -49,300 shares | Trimmed |
| Alphabet Inc (GOOGL) Capital Stock Class A · CUSIP 02079K305 | 0.5% | $422m | 1,181,741 | -$28m -385,117 shares | Trimmed |
| TXNM Energy Inc (TXNM) CUSIP 69349H107 | 0.5% | $404m | 7,113,061 | -$13m -20,482 shares | Trimmed |
| Apple Inc (AAPL) CUSIP 037833100 | 0.5% | $390m | 1,346,688 | -$203m -988,060 shares | Trimmed |
| Select Sector SPDR Energy ETF (XLE) puts · CUSIP 81369Y506 | 0.5% | $382m | 7,185,300 | No earlier filing | New |
| Kenvue Inc (KVUE) CUSIP 49177J102 | 0.5% | $380m | 19,860,108 | -$44m -4,704,184 shares | Trimmed |
| 3M Co (MMM) CUSIP 88579Y101 | 0.5% | $374m | 2,306,941 | +$372m +2,299,080 shares | Added |
| SPDR Series SP Regional Banks (KRE) puts · CUSIP 78464A698 | 0.5% | $364m | 4,866,500 | No earlier filing | New |
| Meta Platforms Inc (META) Class A · CUSIP 30303M102 | 0.4% | $356m | 632,687 | -$311m -533,152 shares | Trimmed |
| Norfolk Southn Corp (NSC) CUSIP 655844108 | 0.4% | $350m | 1,111,173 | -$35m -227,544 shares | Trimmed |
| Penumbra Inc (PEN) CUSIP 70975L107 | 0.4% | $344m | 1,090,163 | +$94m +328,067 shares | Added |
| Mondelez Intl Inc (MDLZ) Class A · CUSIP 609207105 | 0.4% | $342m | 5,904,415 | +$141m +2,416,268 shares | Added |
| Silicon Laboratories Inc (SLAB) CUSIP 826919102 | 0.4% | $341m | 1,559,676 | +$84m +325,783 shares | Added |
| VanEck Gold Miners (GDX) puts · CUSIP 92189F106 | 0.4% | $331m | 4,390,900 | -$88m -181,400 shares | Trimmed |
| Blackrock Inc (BLK) CUSIP 09290D101 | 0.4% | $322m | 334,979 | +$120m +124,675 shares | Added |
| Microsoft Corp (MSFT) puts · CUSIP 594918104 | 0.4% | $320m | 858,300 | -$53m -149,900 shares | Trimmed |
| Trane Technologies PLC (TT) CUSIP G8994E103 | 0.4% | $312m | 635,750 | +$171m +296,408 shares | Added |
| Advanced Micro Devices Inc (AMD) CUSIP 007903107 | 0.4% | $294m | 506,708 | +$221m +144,944 shares | Added |
| Costco Wholesale Corporation (COST) CUSIP 22160K105 | 0.4% | $284m | 304,003 | +$140m +158,880 shares | Added |
| Oreilly Automotive Inc (ORLY) CUSIP 67103H107 | 0.3% | $276m | 2,996,975 | +$17m +188,708 shares | Added |
| United Airls HLDGS Inc (UAL) CUSIP 910047109 | 0.3% | $269m | 1,979,070 | +$88m +6,813 shares | Added |
| US Bancorp (USB) CUSIP 902973304 | 0.3% | $268m | 4,434,891 | No earlier filing | New |
| Electronic Arts Inc (EA) CUSIP 285512109 | 0.3% | $266m | 1,296,189 | +$213m +1,039,402 shares | Added |
| Huntington Bancshares Inc (HBAN) CUSIP 446150104 | 0.3% | $261m | 14,690,984 | +$175m +9,199,878 shares | Added |
| Tesla Inc (TSLA) puts · CUSIP 88160R101 | 0.3% | $260m | 618,300 | +$29m -2,800 shares | Trimmed |
| Amphenol Corp (APH) Class A · CUSIP 032095101 | 0.3% | $257m | 1,455,963 | +$254m +1,436,568 shares | Added |
| State Street SPDR S&P 500 ETF (SPY) calls · CUSIP 78462F103 | 0.3% | $255m | 341,600 | +$129m +148,300 shares | Added |
| Ametek Inc (AME) CUSIP 031100100 | 0.3% | $255m | 1,052,669 | +$91m +289,254 shares | Added |
| Cerebras Systems Inc (CBRS) Common Class A · CUSIP 15675D103 | 0.3% | $248m | 1,120,356 | No earlier filing | New |
| Seagate Technology Hldngs PL (STX) CUSIP G7997R103 | 0.3% | $247m | 256,151 | +$92m -139,985 shares | Trimmed |
| Airbnb Inc (ABNB) Common Class A · CUSIP 009066101 | 0.3% | $243m | 1,700,524 | +$30m +14,521 shares | Added |
| Spotify Technology S A (SPOT) CUSIP L8681T102 | 0.3% | $243m | 529,501 | +$84m +200,798 shares | Added |
| Alphabet Inc (GOOG) Capital Stock Class C · CUSIP 02079K107 | 0.3% | $242m | 685,166 | +$44m -4,732 shares | Trimmed |
| Asml HLDG NV (ASML) N Y Registry Shares · CUSIP N07059210 | 0.3% | $241m | 121,216 | +$139m +43,630 shares | Added |
| Datadog Inc (DDOG) Class A Common · CUSIP 23804L103 | 0.3% | $237m | 911,351 | +$63m -563,101 shares | Trimmed |
| Ecolab Inc (ECL) CUSIP 278865100 | 0.3% | $226m | 810,128 | +$197m +701,627 shares | Added |
| Thermo Fisher Scientific Inc (TMO) CUSIP 883556102 | 0.3% | $225m | 449,628 | -$48m -105,845 shares | Trimmed |
| Microsoft Corp (MSFT) CUSIP 594918104 | 0.3% | $224m | 599,967 | +$107m +282,971 shares | Added |
| Apogee Therapeutics Inc (APGE) CUSIP 03770N101 | 0.3% | $221m | 1,665,102 | +$184m +1,226,448 shares | Added |
| Servicenow Inc (NOW) CUSIP 81762P102 | 0.3% | $221m | 2,223,764 | +$219m +2,208,152 shares | Added |
| Taiwan Semiconductor Manufac (TSM) Sponsored ADS · CUSIP 874039100 | 0.3% | $220m | 459,643 | +$138m +217,323 shares | Added |
| Parker-hannifin Corp (PH) CUSIP 701094104 | 0.3% | $218m | 222,389 | -$72m -101,062 shares | Trimmed |
| Select Sector SPDR Utilities ETF (XLU) puts · CUSIP 81369Y886 | 0.3% | $213m | 4,689,000 | No earlier filing | New |
| Berkshire Hathaway Inc Del (BRK-B) Class B New · CUSIP 084670702 | 0.3% | $213m | 424,841 | +$2.0m -14,555 shares | Trimmed |
| Snowflake Inc (SNOW) CUSIP 833445109 | 0.3% | $211m | 827,138 | +$151m +433,865 shares | Added |
| Take-two Interactive Softwar (TTWO) CUSIP 874054109 | 0.3% | $206m | 824,862 | +$25m -93,988 shares | Trimmed |
| Micron Technology Inc (MU) calls · CUSIP 595112103 | 0.3% | $205m | 177,300 | +$98m -137,300 shares | Trimmed |
| Chart Inds Inc (GTLS) CUSIP 16115Q308 | 0.3% | $204m | 978,287 | -$5.9m -39,117 shares | Trimmed |
| RTX Corporation (RTX) CUSIP 75513E101 | 0.3% | $204m | 1,072,575 | -$224m -1,144,966 shares | Trimmed |
| Select Sector SPDR Financial ETF (XLF) CUSIP 81369Y605 | 0.3% | $203m | 3,781,389 | No earlier filing | New |
| Etsy Inc (ETSY) CUSIP 29786A106 | 0.3% | $203m | 2,690,173 | -$25m -1,868,027 shares | Trimmed |
| Digital Rlty TR Inc (DLR) CUSIP 253868103 | 0.3% | $203m | 1,128,409 | +$202m +1,123,589 shares | Added |
| Sherwin Williams Co (SHW) CUSIP 824348106 | 0.3% | $202m | 586,345 | +$53m +122,978 shares | Added |
| Heico Corp New (HEI) CUSIP 422806109 | 0.3% | $201m | 565,119 | +$121m +270,618 shares | Added |
| Howmet Aerospace Inc (HWM) CUSIP 443201108 | 0.3% | $201m | 747,448 | +$54m +109,267 shares | Added |
| Warner Bros Discovery Inc (WBD) Common Series A · puts · CUSIP 934423104 | 0.3% | $201m | 7,524,600 | +$123m +4,700,000 shares | Added |
| SanDisk Corp (SNDK) CUSIP 80004C200 | 0.2% | $200m | 87,932 | +$182m +59,595 shares | Added |
| Nvent Elec PLC (NVT) CUSIP G6700G107 | 0.2% | $199m | 1,173,238 | -$11m -601,824 shares | Trimmed |
| Hilton Worldwide HLDGS Inc (HLT) CUSIP 43300A203 | 0.2% | $199m | 601,118 | +$198m +597,696 shares | Added |
| Exxon Mobil Corp (XOM) CUSIP 30231G102 | 0.2% | $199m | 1,452,201 | +$84m +776,523 shares | Added |
| Toast Inc (TOST) Class A · CUSIP 888787108 | 0.2% | $198m | 7,126,975 | +$139m +4,905,300 shares | Added |
| Home Depot Inc (HD) CUSIP 437076102 | 0.2% | $198m | 560,174 | +$114m +306,257 shares | Added |
| Unitedhealth Group Inc (UNH) CUSIP 91324P102 | 0.2% | $196m | 471,529 | +$86m +64,693 shares | Added |
| Amazon Com Inc (AMZN) calls · CUSIP 023135106 | 0.2% | $194m | 813,900 | +$42m +85,300 shares | Added |
| VanEck Semiconductor (SMH) CUSIP 92189F676 | 0.2% | $193m | 293,759 | +$184m +271,028 shares | Added |
| Idex Corp (IEX) CUSIP 45167R104 | 0.2% | $192m | 846,581 | +$37m +30,444 shares | Added |
| Lockheed Martin Corp (LMT) CUSIP 539830109 | 0.2% | $189m | 371,607 | +$6.1m +68,458 shares | Added |
| JPMorgan Chase & Co (JPM) CUSIP 46625H100 | 0.2% | $189m | 578,090 | +$165m +496,865 shares | Added |
| Nvidia Corporation (NVDA) calls · CUSIP 67066G104 | 0.2% | $189m | 943,500 | +$30m +35,600 shares | Added |
| PPL Corp (PPL) CUSIP 69351T106 | 0.2% | $187m | 5,138,433 | +$93m +2,680,385 shares | Added |
| Advanced Micro Devices Inc (AMD) puts · CUSIP 007903107 | 0.2% | $186m | 320,500 | +$12m -537,400 shares | Trimmed |
| Constellation Brands Inc (STZ) Class A · CUSIP 21036P108 | 0.2% | $185m | 1,331,412 | -$129m -762,434 shares | Trimmed |
| Ciena Corp (CIEN) CUSIP 171779309 | 0.2% | $183m | 372,449 | +$57m +49,030 shares | Added |
| Eli Lilly & Co (LLY) CUSIP 532457108 | 0.2% | $182m | 151,950 | +$166m +134,115 shares | Added |
| Tesla Inc (TSLA) CUSIP 88160R101 | 0.2% | $182m | 433,284 | +$46m +66,246 shares | Added |
| Caesars Entertainment Inc Ne (CZR) CUSIP 12769G100 | 0.2% | $180m | 5,979,100 | +$138m +4,379,172 shares | Added |
| Advanced Micro Devices Inc (AMD) calls · CUSIP 007903107 | 0.2% | $180m | 310,500 | +$109m -39,800 shares | Trimmed |
| Pinterest Inc (PINS) Class A · CUSIP 72352L106 | 0.2% | $180m | 8,560,019 | No earlier filing | New |
| Select Sector SPDR Financial ETF (XLF) calls · CUSIP 81369Y605 | 0.2% | $178m | 3,316,000 | No earlier filing | New |
| Invesco QQQ Trust (QQQ) CUSIP 46090E103 | 0.2% | $177m | 240,941 | +$115m +132,271 shares | Added |
| American Intl Group Inc (AIG) CUSIP 026874784 | 0.2% | $173m | 2,323,760 | +$22m +313,210 shares | Added |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 14 Aug 2026 | $80.2bn | 2,950 | 14% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 15 May 2026 | $77.1bn | 2,805 | 17% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 17 Feb 2026 | $78.8bn | 3,026 | 15% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 14 Nov 2025 | $78.9bn | 2,843 | 15% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 14 Aug 2025 | $66.4bn | 2,740 | 13% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 15 May 2025 | $60.5bn | 2,727 | 13% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 14 Feb 2025 | $67.1bn | 2,666 | 14% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 14 Nov 2024 | $61.3bn | 2,679 | 14% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
You have read the book. Now have a view on one name
Pick a position, work out what it is worth, and be ready to defend it. That is the difference between a candidate who read the filing and one who did something with it.
Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More
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