Clients
HBK Investments serves 7 clients. The average client has about $5.09 billion with the firm.
- Pooled investment vehicles7 clients95%
- Other investment advisers4%
- Sovereign wealth funds and foreign official institutions1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 7 | $33,770,705,000 | 94.8% | $4.82B |
| Other investment advisers | Not reported | $1,425,627,000 | 4.0% | — |
| Sovereign wealth funds and foreign official institutions | Not reported | $417,190,000 | 1.2% | — |
| Total | 7 | $35,613,522,000 | 100% | $5.09B |
- Clients
- 7
- Regulatory AUM
- $33,770,705,000
- Share
- 94.8%
- Avg. per client
- $4.82B
- Clients
- Not reported
- Regulatory AUM
- $1,425,627,000
- Share
- 4.0%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $417,190,000
- Share
- 1.2%
- Avg. per client
- —
Total
- Clients
- 7
- Regulatory AUM
- $35,613,522,000
- Share
- 100%
- Avg. per client
- $5.09B
What it does
HBK Investments provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
HBK Investments advises 4 private funds.
100.0% of assets ($35.61B across 9 accounts) are managed with discretion. 56% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks67%
- Bonds26%
- High-yield corporate bonds25%
- Investment grade corporate bonds1%
- Cash6%
- Other1%
- Derivatives1%
Custodians
HBK Investments’ client accounts are held mainly at J.P. Morgan, with 4% of managed assets. HBK Investments has custody of client assets.
- J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $1.43B4%
- All other custodians$34.19B96%
Ownership and leadership
HBK Partners II L.P. owns 75% or more of HBK Investments.
- Owns 75% or more of HBK Investments L.P.
HBK Partners II L.P.
since November 1995
HBK Management LLC
General partner · Control person · since November 1995
- Owns 25% to 50% of HBK Management LLC
Jamiel Akhtar
Control person · since January 2010
- Owns 25% to 50% of HBK Management LLC
Matthew Leffers
Control person · since January 2025
- Owns 25% to 50% of HBK Management LLC
Matthew Luth
Control person · since January 2021
Leadership
- Matthew LeffersPresident, Managing Director
- Heather HarrisChief Financial Officer, Managing Director
- Roya DoudChief Compliance Officer
- Jamiel AkhtarChief Investment Officer, Managing Director
- Justin ConnerGeneral Counsel
- Matthew LuthChief Investment Officer, Managing Director
Staff
- 198 employees
- 61 in advisory functions
- 1 state-registered rep
Reported holdings
HBK Investments’ reported 13F holdings total $10.24B across 276 positions, and the ten largest make up 53.0% of it.
- $10.24B
- Reported 13F value
- 276
- Positions
- 53.0%
- In the 10 largest
- +3.9%
- Value vs. prior quarter
- Topbuild Cor9.1%
- Electronic Arts Inc.6.4%
- Penumbra Inc.5.7%
- Norfolk Southn Corp.5.4%
- Kenvue Inc.5.2%
- Warner Bros Discovery Inc. · Com Ser A4.9%
- Bio-techne Corp.4.7%
- Nuvalent Inc.4.2%
- Apogee Therapeutics Inc.3.7%
- Chart Inds Inc.3.7%
Together, the ten largest are 53.0% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $10.24B is not its $35.61B in regulatory assets and does not represent any individual client's portfolio.
Fees
HBK Investments is paid through a percentage of assets under management and performance-based fees.
HBK Investments’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, HBK Investments has 3 offices, with 3 listed addresses across 3 states.
New York · 1 listed address
- 452 Fifth Avenue, New York
Texas · 1 listed address
- 2300 North Field Street, Suite 2200, DallasHQ
Virginia · 1 listed address
- 2410 Old Ivy Road, Charlottesville
Other business names
HBK Investments has reported 5 other business names to the SEC.
- HBK Capital Management
- HBK Europe Management LLP
- HBK New York LLC
- HBK Services LLC
- HBK Virginia LLC
Registration details
- Legal name
- HBK Investments L.P.
- Headquarters
- 2300 North Field Street, Suite 2200, Dallas, TX 75201-7849
- Phone
- 214-758-6100
- Website
- Not reported
- SEC file
- 801-70632
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does HBK Investments have?
HBK Investments has 7 clients and manages $35.6 billion for them, as of June 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 June 2026
What services does HBK Investments offer?
HBK Investments provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does HBK Investments use?
HBK Investments’ separately managed account assets are held at J.P. Morgan Securities LLC (New York, NY), with $1,425,627,000. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 June 2026
How many financial advisors does HBK Investments have?
HBK Investments has 1 investment adviser representatives registered with state securities authorities, out of 198 employees, and 61 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does HBK Investments invest in?
At the end of its last fiscal year, HBK Investments’ separately managed accounts held 67% exchange-traded equities, 25% high-yield corporate bonds, 6% cash and equivalents, 1% investment grade corporate bonds and 1% derivatives. It advises 4 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns HBK Investments?
HBK Investments is owned through a chain of holding companies by Jamiel Akhtar, Matthew Leffers and Matthew Luth. Its direct owner is HBK Partners II L.P. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 June 2026
How does HBK Investments get paid?
HBK Investments is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file