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 | |
|---|---|---|---|---|---|---|
|
KEEL
1601
PUT
Keel Infrastructure Corp
KEEL
$2.17B
| $3.07M | ﹤0.01% |
+1,305,000
| New | +$4.47M |
|
1602
CALL
SoundHound AI
SOUN
$3.13B
| $3.06M | ﹤0.01% |
+307,400
| New | +$4.42M |
|
1603
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $3.03M | ﹤0.01% |
71,049
-566,551
| -89% | -$25.1M |
|
1604
PUT
Toll Brothers
TOL
$13.9B
| $3.03M | ﹤0.01% |
+22,400
| New | +$3.04M |
|
|
PPTA
1605
Perpetua Resources
PPTA
$3.38B
| $3.03M | ﹤0.01% |
125,092
-122,212
| -49% | -$3.01M |
|
1606
PUT
AT&T
T
$177B
| $3.02M | ﹤0.01% |
121,700
+77,400
| +175% | +$1.96M |
|
1607
Avis
CAR
$5.13B
| $3.02M | ﹤0.01% |
+23,549
| New | +$3.29M |
|
1608
Constellation Brands
STZ
$23.1B
| $3.02M | ﹤0.01% |
21,857
+9,492
| +77% | +$1.3M |
|
1609
Aaon
AAON
$6.28B
| $3.01M | ﹤0.01% |
39,538
-69,320
| -64% | -$6.4M |
|
|
APLS
1610
PUT
DELISTED
Apellis Pharmaceuticals
APLS
| $3.01M | ﹤0.01% |
+120,000
| New | +$2.82M |
|
1611
Gilead Sciences
GILD
$184B
| $3.01M | ﹤0.01% |
24,527
+18,723
| +323% | +$2.28M |
|
1612
Rocket Lab Corp
RKLB
$42.8B
| $3M | ﹤0.01% |
42,984
+20,491
| +91% | +$1.17M |
|
1613
DT Midstream
DTM
$12.9B
| $2.99M | ﹤0.01% |
+24,998
| New | +$2.87M |
|
1614
PUT
KeyCorp
KEY
$23.4B
| $2.99M | ﹤0.01% |
+144,800
| New | +$2.7M |
|
1615
PUT
Blue Owl Capital
OWL
$18.4B
| $2.99M | ﹤0.01% |
+200,000
| New | +$3.13M |
|
1616
ePlus
PLUS
$2.25B
| $2.98M | ﹤0.01% |
33,925
+9,170
| +37% | +$757K |
|
1617
ClearPoint Neuro
CLPT
$517M
| $2.97M | ﹤0.01% |
+217,274
| New | +$4.03M |
|
1618
AutoZone
AZO
$49.4B
| $2.96M | ﹤0.01% |
872
-770
| -47% | -$2.91M |
|
|
SVM
1619
Silvercorp Metals
SVM
$2.84B
| $2.95M | ﹤0.01% |
+353,243
| New | +$2.57M |
|
1620
CALL
Snap
SNAP
$10B
| $2.95M | ﹤0.01% |
365,600
+194,100
| +113% | +$1.54M |
|
1621
CALL
Vale
VALE
$65.2B
| $2.95M | ﹤0.01% |
226,000
-12,500
| -5% | -$152K |
|
1622
Arthur J. Gallagher & Co
AJG
$68.8B
| $2.94M | ﹤0.01% |
11,370
-617,139
| -98% | -$163M |
|
1623
PUT
Edwards Lifesciences
EW
$52.4B
| $2.94M | ﹤0.01% |
34,500
-17,700
| -34% | -$1.45M |
|
1624
Caleres
CAL
$438M
| $2.94M | ﹤0.01% |
+241,629
| New | +$2.97M |
|
1625
Donnelley Financial Solutions
DFIN
$1.17B
| $2.94M | ﹤0.01% |
+62,934
| New | +$3.04M |
|
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.