HBK INVESTMENTS L P

Top Holdings713 positions

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Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
??SPDR S&P 500 ETF TR PUT	32.9M	$15.6B	58.0%	—	—	—	—	Increased —
??SPDR S&P 500 ETF TR CALL Delisted	7.5M	$3.6B	13.2%	—	—	—	—	Decreased —
??TESLA INC PUT Delisted	441,000	$466M	1.7%	—	—	—	—	Decreased —
CONEDelisted REIT CYRUSONE INC	3.2M	$282.6M	1.0%	—	—	—	1 qtr	New 70
??ADVANCED MICRO DEVICES INC PUT Delisted	1.6M	$235.7M	0.9%	—	—	—	—	Unchanged —
ATHDelisted ATHENE HOLDING LTD-CLASS A	2.7M	$228.3M	0.8%	—	—	—	1 qtr	New 60
??ISHARES TR PUT Delisted	974,300	$216.7M	0.8%	—	—	—	—	Increased —
TSLA TESLA INC	200,886	$212.3M	0.8%	—	$235.22	+49.76%	5 qtrssince 2020-Q4	Decreased 0
CERN CERNER CORP	2.1M	$197.8M	0.7%	—	—	—	1 qtr	New 60
SPY Unit STATE STR SPDR S&P 500 ETF T	350,654	$166.5M	0.6%	—	$445.79	0.00%	1 qtr	New 59
??MONGODB INCDelisted Bond	56.1M	$143.2M	0.5%	—	—	—	4 qtrssince 2021-Q1	Increased 55
TXNM TXNM ENERGY INC	3M	$138.6M	0.5%	—	$41.46	-6.32%	4 qtrssince 2021-Q1	Increased 46
??ISHARES TR CALL Delisted	590,300	$131.3M	0.5%	—	—	—	—	Increased —
VG VONAGE HOLDINGS CORP	6M	$125.7M	0.5%	—	—	—	1 qtr	New 50
??AMERICAN AIRLS GROUP INC PUT Delisted	6.9M	$124.6M	0.5%	—	—	—	—	Increased —
??SQUARE INCDelisted Bond	51.7M	$108M	0.4%	—	—	—	6 qtrssince 2020-Q3	Decreased 0
??TESLA INC CALL Delisted	100,000	$105.7M	0.4%	—	—	—	—	Decreased —
??INVESCO QQQ TR PUT	259,900	$103.4M	0.4%	—	—	—	—	Increased —
??BHP GROUP LTD CALL Delisted	1.7M	$100.9M	0.4%	—	—	—	—	Unchanged —
??WAYFAIR INCDelisted Bond	57.3M	$100.3M	0.4%	—	—	—	6 qtrssince 2020-Q3	Decreased 0

$27B

AUM

713

Positions

Q4 2021

Filing

HI score · 3.5/5

Quarterly 13F Value Change

FilingEquity

Activity profile

$ moved · Q4'21

New21%Increased31%Decreased9%Exited39%

Composition

Equity vs derivatives

Equity17%Puts66%Calls17%

Holding period

Avg 3.5 quarters

<1Q35%1-4Q35%1-2Y8%2Y+22%

HBK INVESTMENTS L P manages $27B across 713 positions as of Q4 2021. Top holdings: SPDR S&P 500 ETF TR puts (58.0%), SPDR S&P 500 ETF TR calls (13.2%), TESLA INC puts (1.7%). Fund DNA: Momentum Trader. HoldingsIntel Score: 3.5/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

TSLA5Q held

TESLA INC

Avg $235.22 · $23.5M est. P&L

—

Est. P&L

+49.76%

SST6Q held

TREBIA ACQUISITION CORP

Avg $101.80 · $38.9M est. P&L

—

Est. P&L

+42.53%

DOCN4Q held

DIGITALOCEAN HLDGS INC

Avg $42.13 · $786,000 est. P&L

—

Est. P&L

+37.31%

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.