Dmitry Balyasny Balyasny Asset Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$807M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$497M |
| 3 |
RNAM
Avidity Biosciences
RNAM
|
+$390M |
| 4 |
Kenvue
KVUE
|
+$379M |
| 5 |
Broadcom
AVGO
|
+$324M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$409M |
| 2 |
Visa
V
|
+$354M |
| 3 |
Advanced Micro Devices
AMD
|
+$328M |
| 4 |
Meta Platforms (Facebook)
META
|
+$317M |
| 5 |
Lockheed Martin
LMT
|
+$316M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 11.61% |
| 2 | Consumer Discretionary | 9.64% |
| 3 | Healthcare | 8.17% |
| 4 | Industrials | 8.1% |
| 5 | Financials | 8.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1351
PUT
EOG Resources
EOG
$77B
| $4.91M | 0.01% |
46,800
+43,200
| +1,200% | +$4.64M |
|
1352
Amkor Technology
AMKR
$12.1B
| $4.91M | 0.01% |
+124,447
| New | +$4.43M |
|
1353
Valero Energy
VLO
$98B
| $4.91M | 0.01% |
30,177
-279,473
| -90% | -$47.3M |
|
1354
3M
MMM
$92.5B
| $4.91M | 0.01% |
30,638
+20,387
| +199% | +$3.33M |
|
1355
GE Aerospace
GE
$363B
| $4.9M | 0.01% |
15,923
-258,138
| -94% | -$77.7M |
|
1356
Oscar Health
OSCR
$9.55B
| $4.89M | 0.01% |
340,435
-247,190
| -42% | -$4.28M |
|
1357
Innoviva
INVA
$1.53B
| $4.88M | 0.01% |
244,030
+91,547
| +60% | +$1.79M |
|
1358
PUT
CAVA Group
CAVA
$8.09B
| $4.87M | 0.01% |
83,000
+72,800
| +714% | +$4.06M |
|
1359
CALL
Dick's Sporting Goods
DKS
$11.1B
| $4.85M | 0.01% |
24,500
-88,900
| -78% | -$19.4M |
|
|
SEMR
1360
DELISTED
Semrush
SEMR
| $4.85M | 0.01% |
+407,760
| New | +$3.82M |
|
1361
Lionsgate Studios
LION
$3.51B
| $4.84M | 0.01% |
530,150
-258,384
| -33% | -$1.84M |
|
1362
Grand Canyon Education
LOPE
$3.89B
| $4.83M | 0.01% |
29,066
+25,775
| +783% | +$4.66M |
|
1363
CALL
DoorDash
DASH
$101B
| $4.82M | 0.01% |
21,300
-23,500
| -52% | -$5.51M |
|
1364
CALL
DigitalOcean
DOCN
$13.2B
| $4.81M | 0.01% |
+100,000
| New | +$4.4M |
|
1365
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46B
| $4.81M | 0.01% |
10,000
| – | – |
|
1366
Novanta
NOVT
$5.28B
| $4.78M | 0.01% |
40,187
+24,790
| +161% | +$2.82M |
|
|
CDNL
1367
Cardinal Infrastructure Group
CDNL
$884M
| $4.75M | 0.01% |
+196,544
| New | +$4.85M |
|
1368
ACI Worldwide
ACIW
$5.29B
| $4.74M | 0.01% |
99,089
+26,921
| +37% | +$1.31M |
|
1369
PUT
Elevance Health
ELV
$86.5B
| $4.73M | 0.01% |
13,500
-2,000
| -13% | -$676K |
|
1370
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
| $4.72M | 0.01% |
+143,600
| New | +$4.71M |
|
1371
Energy Fuels
UUUU
$3.99B
| $4.71M | 0.01% |
324,478
+297,932
| +1,122% | +$5.06M |
|
1372
Gossamer Bio
GOSS
$100M
| $4.7M | 0.01% |
1,516,691
+746,117
| +97% | +$2.13M |
|
1373
Lennar Class A
LEN
$21.1B
| $4.7M | 0.01% |
45,731
+56
| +0.1% | +$6.76K |
|
1374
CALL
Mobileye
MBLY
$7.38B
| $4.7M | 0.01% |
450,000
-172,800
| -28% | -$2.16M |
|
1375
JD.com
JD
$39.7B
| $4.7M | 0.01% |
+163,614
| New | +$5.12M |
|
Similar funds
Dmitry Balyasny's Q4 2025 Portfolio in Review
As of Q4 2025, Dmitry Balyasny held 3,669 positions worth $78.8B, down 0.17% from $78.9B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Dmitry Balyasny withdrew a net $4.13B in Q4 2025, closing 643 positions and reducing 1,102 holdings. Its most notable exit was Mr. Cooper, an estimated $277M position sold in full.
By sector, the portfolio is most concentrated in Technology at 12% of assets, down from 12% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Dmitry Balyasny opened a new position in Avidity Biosciences worth $436M.
- Dmitry Balyasny's largest Q4 2025 buy was Avidity Biosciences: 6,040,590 shares worth $436M.
- Dmitry Balyasny added most to Amazon in Q4 2025, an estimated $807M increase.
- Dmitry Balyasny's biggest Q4 2025 reduction was Apple, cutting an estimated $409M.
- Dmitry Balyasny fully exited Mr. Cooper in Q4 2025, selling an estimated $277M.
- Dmitry Balyasny's ten largest holdings make up 15% of its $78.8B portfolio in Q4 2025.
- Dmitry Balyasny opened 809 new positions and closed 643 in Q4 2025.
- Dmitry Balyasny's portfolio value fell 0.17% quarter-over-quarter to $78.8B.
Based on Balyasny Asset Management's 13F filing for Q4 2025, filed 17 Feb 2026.