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Dmitry Balyasny Balyasny Asset Management
AUM
$80.2B
1-Year Est. Return
51.53%
Dmitry Balyasny is the founder of Balyasny Asset Management, a major multi-strategy and multi-manager hedge fund platform. The firm allocates capital across fundamental equities, macro, quant, and other teams under a central risk framework. Balyasny’s platform is often cited alongside other leading pod-shop multi-strategy firms.
This Fund
S&P 500
This Quarter
Est. Return
+12.61%
1 Year Est. Return
+51.53%
3 Year Est. Return
+149.76%
5 Year Est. Return
+199.37%
10 Year Est. Return
+1,172.21%
AUM
$66.4B
AUM Growth
+$5.93B
(+9.8%)
Cap. Flow
-$620M
Cap. Flow
% of AUM
-0.93%
Top 10 Holdings %
Top 10 Hldgs %
13.02%
Holding
3,510
New
779
Increased
864
Reduced
1,015
Closed
774
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brown & Brown
BRO
|
+$500M |
| 2 |
Arista Networks
ANET
|
+$316M |
| 3 |
Union Pacific
UNP
|
+$271M |
| 4 |
Eli Lilly
LLY
|
+$271M |
| 5 |
Arthur J. Gallagher & Co
AJG
|
+$253M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$495M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$388M |
| 3 |
SCHW
Charles Schwab
SCHW
|
+$385M |
| 4 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$369M |
| 5 |
Mastercard
MA
|
+$342M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 10.78% |
| 2 | Consumer Discretionary | 9.99% |
| 3 | Financials | 9.73% |
| 4 | Industrials | 7.81% |
| 5 | Healthcare | 7.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
CALL
Brighthouse Financial
BHF
$3.01B
| $33.4M | 0.05% |
+621,500
| New | +$34.9M |
|
452
Canadian Natural Resources
CNQ
$106B
| $33.3M | 0.05% |
1,061,499
-1,118,057
| -51% | -$33.9M |
|
453
PUT
Qualcomm
QCOM
$169B
| $33.3M | 0.05% |
209,200
-78,300
| -27% | -$11.5M |
|
454
First Interstate BancSystem
FIBK
$3.57B
| $33.3M | 0.05% |
1,155,811
+585,531
| +103% | +$15.8M |
|
455
American Homes 4 Rent
AMH
$12.4B
| $33.3M | 0.05% |
922,892
-653,696
| -41% | -$24.2M |
|
456
CALL
Pfizer
PFE
$160B
| $33.3M | 0.05% |
1,372,600
+938,500
| +216% | +$21.9M |
|
457
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $33.3M | 0.05% |
225,500
-410,300
| -65% | -$56M |
|
458
Ally Financial
ALLY
$13.1B
| $33.3M | 0.05% |
853,757
-1,118,879
| -57% | -$38.8M |
|
|
HES
459
PUT
DELISTED
Hess
HES
| $33.2M | 0.05% |
240,000
-80,000
| -25% | -$10.8M |
|
460
Shift4
FOUR
$3.78B
| $33.2M | 0.05% |
+335,083
| New | +$29.2M |
|
461
PUT
Marvell Technology
MRVL
$213B
| $33.2M | 0.05% |
428,400
-51,600
| -11% | -$3.22M |
|
|
SWTX
462
DELISTED
SpringWorks Therapeutics
SWTX
| $33.1M | 0.05% |
705,364
+88,636
| +14% | +$3.94M |
|
463
Coupang
CPNG
$29.6B
| $33.1M | 0.05% |
1,106,059
+725,165
| +190% | +$18.6M |
|
464
CALL
JPMorgan Chase
JPM
$935B
| $33.1M | 0.05% |
114,300
+37,200
| +48% | +$9.49M |
|
465
Kimco Realty
KIM
$16.1B
| $33.1M | 0.05% |
+1,573,495
| New | +$32.6M |
|
466
Scholar Rock
SRRK
$6.88B
| $33.1M | 0.05% |
+933,432
| New | +$29.3M |
|
467
Elanco Animal Health
ELAN
$12B
| $33M | 0.05% |
2,309,886
+596,444
| +35% | +$6.97M |
|
|
FARO
468
DELISTED
Faro Technologies
FARO
| $32.9M | 0.05% |
+748,911
| New | +$27.4M |
|
469
CALL
Salesforce
CRM
$171B
| $32.9M | 0.05% |
120,600
+78,500
| +186% | +$21M |
|
470
Pinnacle Financial Partners Inc
PNFP
$15.5B
| $32.8M | 0.05% |
297,181
+271,029
| +1,036% | +$28M |
|
471
Cheniere Energy
LNG
$57.3B
| $32.8M | 0.05% |
134,706
+126,150
| +1,474% | +$29.2M |
|
|
STR
472
DELISTED
Sitio Royalties
STR
| $32.7M | 0.05% |
1,778,122
+1,764,802
| +13,249% | +$31.7M |
|
473
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $32.6M | 0.05% |
67,200
-17,500
| -21% | -$8.89M |
|
474
Valley National Bancorp
VLY
$7.82B
| $32.5M | 0.05% |
3,635,864
+932,234
| +34% | +$8.09M |
|
475
CALL
Citigroup
C
$221B
| $32.5M | 0.05% |
381,300
+258,900
| +212% | +$18.7M |
|
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CBU
Dmitry Balyasny's Q2 2025 Portfolio in Review
As of Q2 2025, Dmitry Balyasny held 3,510 positions worth $66.4B, up 9.8% from $60.5B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Dmitry Balyasny's Q2 2025 filing shows 779 new, 864 increased, 1,015 reduced and 774 closed positions. Its largest new stake was Arista Networks: 3,646,977 shares worth $373M. The largest sale was iShares Core S&P 500 ETF, an estimated $495M.
By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 10% a quarter earlier, followed by Consumer Discretionary and Financials.
- Dmitry Balyasny's largest Q2 2025 buy was Arista Networks: 3,646,977 shares worth $373M.
- Dmitry Balyasny added most to Brown & Brown in Q2 2025, an estimated $500M increase.
- Dmitry Balyasny's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $495M.
- Dmitry Balyasny fully exited Vanguard Morningstar Total Stock Market ETF in Q2 2025, selling an estimated $369M.
- Dmitry Balyasny's ten largest holdings make up 13% of its $66.4B portfolio in Q2 2025.
- Dmitry Balyasny opened 779 new positions and closed 774 in Q2 2025.
- Dmitry Balyasny's portfolio value rose 9.8% quarter-over-quarter to $66.4B.
Based on Balyasny Asset Management's 13F filing for Q2 2025, filed 14 Aug 2025.