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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
+875.18%
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 | |
|---|---|---|---|---|---|---|
1651
Ezcorp Inc
EZPW
$2.16B
| $2.26M | ﹤0.01% |
162,558
+88,875
| +121% | +$1.28M |
|
1652
Sportradar
SRAD
$3.82B
| $2.25M | ﹤0.01% |
+80,302
| New | +$1.91M |
|
1653
PUT
Dow Inc
DOW
$21.8B
| $2.25M | ﹤0.01% |
85,000
| – | – |
|
1654
Northrop Grumman
NOC
$77.1B
| $2.25M | ﹤0.01% |
4,497
-213,073
| -98% | -$105M |
|
1655
Palo Alto Networks
PANW
$277B
| $2.22M | ﹤0.01% |
10,871
-118,974
| -92% | -$22.1M |
|
1656
Banco Macro
BMA
$4.97B
| $2.22M | ﹤0.01% |
+31,634
| New | +$2.61M |
|
1657
PUT
XPeng
XPEV
$11.1B
| $2.2M | ﹤0.01% |
123,300
+39,300
| +47% | +$767K |
|
|
GAP
1658
The Gap Inc
GAP
$7.25B
| $2.2M | ﹤0.01% |
100,807
-710,288
| -88% | -$15.9M |
|
1659
Geron
GERN
$996M
| $2.19M | ﹤0.01% |
1,554,849
-1,955,071
| -56% | -$2.77M |
|
|
BOW
1660
Bowhead Specialty Holdings
BOW
$1.11B
| $2.19M | ﹤0.01% |
58,250
-160,319
| -73% | -$6.14M |
|
1661
Progyny
PGNY
$1.98B
| $2.16M | ﹤0.01% |
98,350
-130,822
| -57% | -$2.87M |
|
1662
PUT
The Mosaic Company
MOS
$7.72B
| $2.16M | ﹤0.01% |
59,300
-25,300
| -30% | -$811K |
|
1663
CALL
Home Depot
HD
$337B
| $2.16M | ﹤0.01% |
5,900
-43,000
| -88% | -$15.6M |
|
1664
Boston Properties
BXP
$11.5B
| $2.16M | ﹤0.01% |
32,015
-345,452
| -92% | -$23M |
|
1665
Innovative Industrial Properties
IIPR
$1.59B
| $2.16M | ﹤0.01% |
39,117
-109,543
| -74% | -$6M |
|
1666
Xenon Pharmaceuticals
XENE
$5.85B
| $2.16M | ﹤0.01% |
68,869
-198,273
| -74% | -$6.47M |
|
1667
CALL
Clarivate
CLVT
$1.38B
| $2.15M | ﹤0.01% |
+500,000
| New | +$2.01M |
|
1668
CALL
Dropbox
DBX
$7.56B
| $2.15M | ﹤0.01% |
75,000
-125,000
| -63% | -$3.54M |
|
1669
CALL
PNC Financial Services
PNC
$97.4B
| $2.14M | ﹤0.01% |
11,500
-3,100
| -21% | -$525K |
|
1670
State Street SPDR S&P Regional Banking ETF
KRE
$4.04B
| $2.14M | ﹤0.01% |
36,046
-1,099,976
| -97% | -$61.2M |
|
|
ONT
1671
Onterris Inc
ONT
$562M
| $2.14M | ﹤0.01% |
97,735
-64,084
| -40% | -$1.15M |
|
1672
iShares MSCI Taiwan ETF
EWT
$11.4B
| $2.14M | ﹤0.01% |
+37,202
| New | +$1.9M |
|
1673
Azenta
AZTA
$1.45B
| $2.13M | ﹤0.01% |
69,238
-25,623
| -27% | -$721K |
|
1674
PUT
Pan American Silver
PAAS
$22.5B
| $2.12M | ﹤0.01% |
+74,800
| New | +$1.94M |
|
1675
PUT
Riot Platforms
RIOT
$7.99B
| $2.12M | ﹤0.01% |
187,400
| – | – |
|
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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.