§ 13F · FUND PROFILE
Balyasny Asset Management.
Balyasny Asset Management is a multi-strategy hedge fund known for operating a diversified pod structure across various investment approaches including tactical macro strategies. The firm maintains a broad portfolio of over 2,800 positions with significant exposure to ETFs like QQQ and IWM, reflecting its flexible, multi-manager platform approach to generating returns across different market conditions.
AUM · $78.9B (13F)Positions · 2843Turnover · 69% · Q1Filed · May 15, 2026
CONCENTRATION
17%
Top 10 holdings
NEW BUYS
+539
+$5.8B deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → MEDIA
-2pp · +0pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 15, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | 5.83M | $3.8B | 4.9% | +232% |
| 2 | QQQ | INVESCO QQQ TR | 3.82M | $2.2B | 2.9% | +14% |
| 3 | IWM | ISHARES TR | 7.32M | $1.8B | 2.4% | +22% |
| 4 | AMZN | AMAZON COM INC | 4.34M | $905M | 1.2% | −11% |
| 5 | META | META PLATFORMS INC | 1.33M | $760M | 1.0% | +67% |
| 6 | AAPL | APPLE INC | 2.96M | $752M | 1.0% | +34% |
| 7 | NVDA | NVIDIA CORPORATION | 4.21M | $735M | 1.0% | −11% |
| 8 | WBD | WARNER BROS DISCOVERY INC | 25.12M | $690M | 0.9% | +123% |
| 9 | META | META PLATFORMS INC | 1.17M | $667M | 0.9% | — |
| 10 | AAPL | APPLE INC | 2.33M | $593M | 0.8% | — |
§ 02 · SECTOR ALLOCATION
Where the money is
Other45.4% (±0)
Media7.2% (±0)
Retail6.8% (±0)
Technology6.7% (−2pp)
Semiconductors6.1% (±0)
Financial Services4.5% (−1pp)
§ 03 · THE BALYASNY SIGNAL
AC read
Balyasny Asset Management's latest 13F filing reveals an extraordinarily active trading operation that exemplifies the firm's multi-strategy hedge fund approach. With a quarterly turnover rate of 99% and 2,843 total positions generating just a 0.004 Herfindahl-Hirschman Index, the fund demonstrates both remarkable diversification and tactical agility in its portfolio management. The firm established 748 new positions during the quarter while notably exiting zero holdings entirely, suggesting a strategy focused on position sizing adjustments rather than complete portfolio overhauls. This pattern aligns with their pod structure model, where different teams can rapidly adjust exposures while maintaining broad market participation.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+539 buys · −0 exits · 1598 changed
Q4 2025
Busy quarter
+636 buys · −0 exits · 1582 changed
Q3 2025
Busy quarter
+2053 buys · −0 exits · 0 changed
Q1 2025
Busy quarter
+2038 buys · −0 exits · 0 changed