HBK INVESTMENTS L P

Top Holdings555 positions

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Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
??STATE STREET SPDR S&P 500 ETF PUT	6.8M	$2.1B	27.5%	—	—	—	—	New —
ETFCDelisted E TRADE FINANCIAL CORP	10.5M	$523.6M	6.9%	—	—	—	2 qtrssince 2020-Q1	Increased 98
TIFDelisted TIFFANY & CO NEW	2.9M	$353.6M	4.6%	—	—	—	3 qtrssince 2019-Q4	Decreased 0
??CAESARS ENTMT CORPDelisted Bond	165.3M	$278.3M	3.6%	—	—	—	2 qtrssince 2020-Q1	Unchanged 0
??INVESCO QQQ TRUST SERIES I PUT	1M	$247.6M	3.2%	—	—	—	—	New —
LMDelisted LEGG MASON INC	4.1M	$204.3M	2.7%	—	—	—	2 qtrssince 2020-Q1	Increased 68
AMTD TD AMERITRADE HLDG CORP	5.3M	$191.2M	2.5%	—	$44.40	0.00%	1 qtr	New 79
??STATE STREET SPDR S&P 500 ETF CALL Delisted	572,800	$176.6M	2.3%	—	—	—	—	New —
??TWILIO INCDelisted Bond	47.8M	$148.4M	1.9%	—	—	—	1 qtr	New 69
??TESLA INC COM PUT Delisted	134,200	$144.9M	1.9%	—	—	—	—	New —
??UBER TECHNOLOGIES INC COM PUT Delisted	4.4M	$135.9M	1.8%	—	—	—	—	New —
??TESLA INCDelisted Bond	25M	$87.8M	1.1%	—	—	—	1 qtr	New 68
CAESARS ENTMT CORP(CZRN)Delisted	6.5M	$79.1M	1.0%	—	—	—	4 qtrssince 2019-Q3	Decreased 0
ACIADelisted ACACIA COMMUNICATIONS INC	1M	$69.2M	0.9%	—	—	—	3 qtrssince 2019-Q4	Decreased 0
??PRA GROUP INCDelisted Bond	62.5M	$64.9M	0.8%	—	—	—	1 qtr	New 58
??NIELSEN HLDGS PLC CALL Delisted	4.2M	$61.7M	0.8%	—	—	—	—	New —
??IQIYI INC PUT Delisted	2.2M	$50.4M	0.7%	—	—	—	—	New —
DISCK DISCOVERY INC	2.6M	$49.9M	0.7%	—	—	—	1 qtr	New 57
??IQIYI INCDelisted Bond	45M	$49.6M	0.6%	—	—	—	1 qtr	New 57
??ISHARES RUSSELL 2000 ETF PUT Delisted	336,100	$48.1M	0.6%	—	—	—	—	New —

$7.6B

AUM

555

Positions

Q2 2020

Filing

HI score · 3.5/5

Quarterly 13F Value Change

FilingEquity

Activity profile

$ moved · Q2'20

New75%Increased6%Decreased2%Exited17%

Composition

Equity vs derivatives

Equity43%Puts45%Calls12%

Holding period

Avg 2.8 quarters

<1Q29%1-4Q26%1-2Y45%2Y+0%

HBK INVESTMENTS L P manages $7.6B across 555 positions as of Q2 2020. Top holdings: STATE STREET SPDR S&P 500 ETF puts (27.5%), ETFC (6.9%), TIF (4.6%). Fund DNA: Momentum Trader. HoldingsIntel Score: 3.5/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

ATI1Q held

ALLEGHENY TECHNOLOGIES INC

Avg $10.28 · $28.7M est. P&L

—

Est. P&L

+1766.15%

PHM1Q held

PULTE GROUP INC

Avg $31.71 · $3.3M est. P&L

—

Est. P&L

+253.58%

MSI1Q held

Motorola Solutions Inc

Avg $128.90 · $1.7M est. P&L

—

Est. P&L

+244.59%

Top Losers

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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.