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 | |
|---|---|---|---|---|---|---|
2376
Axos Financial
AX
$5.54B
| $609K | ﹤0.01% |
7,074
-51
| -0.7% | -$4.2K |
|
2377
M&T Bank
MTB
$34.7B
| $609K | ﹤0.01% |
3,025
-9,254
| -75% | -$1.77M |
|
|
TIC
2378
TIC Solutions Inc
TIC
$2.09B
| $609K | ﹤0.01% |
60,226
-161,516
| -73% | -$1.8M |
|
2379
CALL
MasTec
MTZ
$20.1B
| $609K | ﹤0.01% |
2,800
-400
| -13% | -$83.9K |
|
2380
Real Brokerage
REAX
$586M
| $606K | ﹤0.01% |
+16,594
| New | +$641K |
|
2381
Usana Health Sciences
USNA
$254M
| $604K | ﹤0.01% |
+30,756
| New | +$638K |
|
2382
Vanda Pharmaceuticals
VNDA
$328M
| $601K | ﹤0.01% |
+68,178
| New | +$375K |
|
2383
PUT
Symbotic
SYM
$5.31B
| $601K | ﹤0.01% |
10,100
| – | – |
|
2384
Dell
DELL
$290B
| $599K | ﹤0.01% |
4,755
-3,482
| -42% | -$490K |
|
2385
Vulcan Materials
VMC
$35.6B
| $594K | ﹤0.01% |
+2,083
| New | +$611K |
|
2386
First Hawaiian
FHB
$3.13B
| $594K | ﹤0.01% |
23,476
+5,743
| +32% | +$143K |
|
2387
United Bankshares
UBSI
$6.47B
| $594K | ﹤0.01% |
15,461
+166
| +1% | +$6.18K |
|
2388
First Interstate BancSystem
FIBK
$3.52B
| $593K | ﹤0.01% |
17,147
-1,330,787
| -99% | -$43.5M |
|
2389
CALL
Rio Tinto
RIO
$172B
| $592K | ﹤0.01% |
7,400
-500
| -6% | -$36K |
|
2390
Eastern Bankshares
EBC
$5.12B
| $592K | ﹤0.01% |
32,118
+4,895
| +18% | +$89.6K |
|
2391
Prudential Financial
PRU
$41.1B
| $591K | ﹤0.01% |
+5,238
| New | +$562K |
|
2392
CALL
Marriott International
MAR
$93.6B
| $589K | ﹤0.01% |
1,900
+1,000
| +111% | +$286K |
|
2393
IAMGOLD
IAG
$12.6B
| $589K | ﹤0.01% |
35,723
-165,085
| -82% | -$2.33M |
|
2394
Cheniere Energy
LNG
$57.6B
| $588K | ﹤0.01% |
3,023
-226,946
| -99% | -$47.7M |
|
2395
Dakota Gold
DC
$841M
| $587K | ﹤0.01% |
103,348
+84,799
| +457% | +$407K |
|
2396
Under Armour Class C
UA
$2.17B
| $587K | ﹤0.01% |
122,289
-344,002
| -74% | -$1.53M |
|
2397
Primerica
PRI
$9.17B
| $585K | ﹤0.01% |
2,266
-1,690
| -43% | -$441K |
|
2398
Hycroft Mining Holding Corp
HYMC
$2.35B
| $583K | ﹤0.01% |
+24,543
| New | +$272K |
|
2399
Amalgamated Financial
AMAL
$1.45B
| $583K | ﹤0.01% |
+18,210
| New | +$530K |
|
2400
BlackRock Taxable Municipal Bond Trust
BBN
$977M
| $583K | ﹤0.01% |
+35,700
| New | +$603K |
|
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.