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Hedge fund

Laurion Capital Management LP

13F for the quarter to June 30, 2026, filed August 13, 2026 · SEC CIK 1390202

Reported value
$1.3bn
67% in companies we cover
Positions we cover
236
Largest NSC 9.1%
Copy, a year
+13.5%
S&P 500 +14.1%
Copy Sharpe ratio
0.63
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$53.5k
CopyS&P 500 $10,000 copying Laurion Capital Management LP's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −40.1% (S&P 500 −31.8%); beta 1.12; alpha −1.2% a year (t = −0.44); last 12 months +2.5% against +12.1%.

Reported value by quarter

Laurion Capital Management LP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $1T $2T $3T $4T Reported value, 2013-06-30: $60.6M Reported value, 2013-09-30: $69.4M Reported value, 2013-12-31: $1.1B Reported value, 2014-03-31: $251.2M Reported value, 2014-06-30: $570.3M Reported value, 2014-09-30: $855.7M Reported value, 2014-12-31: $1.3B Reported value, 2015-03-31: $957.9M Reported value, 2015-06-30: $2.1B Reported value, 2015-09-30: $1.1B Reported value, 2015-12-31: $1.5B Reported value, 2016-03-31: $1.1B Reported value, 2016-06-30: $1.6B Reported value, 2016-09-30: $3.1B Reported value, 2016-12-31: $2.3B Reported value, 2017-03-31: $3.5B Reported value, 2017-06-30: $4.5B Reported value, 2017-09-30: $4.9B Reported value, 2017-12-31: $5.9B Reported value, 2018-03-31: $4.2B Reported value, 2018-06-30: $4.3B Reported value, 2018-09-30: $2.7B Reported value, 2018-12-31: $2B Reported value, 2019-03-31: $2.2B Reported value, 2019-06-30: $2B Reported value, 2019-09-30: $2.4B Reported value, 2019-12-31: $2.1B Reported value, 2020-03-31: $3.8B Reported value, 2020-06-30: $2.4B Reported value, 2020-09-30: $2.4B Reported value, 2020-12-31: $3.2B Reported value, 2021-03-31: $7.3B Reported value, 2021-06-30: $6.3B Reported value, 2021-09-30: $6.9B Reported value, 2021-12-31: $5.8B Reported value, 2022-03-31: $4.1B Reported value, 2022-06-30: $2.4B Reported value, 2022-09-30: $3.6B Reported value, 2022-12-31: $3.5T Reported value, 2023-03-31: $2.2B Reported value, 2023-06-30: $2.3B Reported value, 2023-09-30: $3.8B Reported value, 2023-12-31: $2.8B Reported value, 2024-03-31: $3.6B Reported value, 2024-06-30: $3.1B Reported value, 2024-09-30: $1.5B Reported value, 2024-12-31: $1.6B Reported value, 2025-03-31: $1.3B Reported value, 2025-06-30: $826.1M Reported value, 2025-09-30: $679.7M Reported value, 2025-12-31: $1.4B Reported value, 2026-03-31: $1B Reported value, 2026-06-30: $1.3B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $1.3B
View chart data
Period Reported value
2013-06-30 $60.6M
2013-09-30 $69.4M
2013-12-31 $1.1B
2014-03-31 $251.2M
2014-06-30 $570.3M
2014-09-30 $855.7M
2014-12-31 $1.3B
2015-03-31 $957.9M
2015-06-30 $2.1B
2015-09-30 $1.1B
2015-12-31 $1.5B
2016-03-31 $1.1B
2016-06-30 $1.6B
2016-09-30 $3.1B
2016-12-31 $2.3B
2017-03-31 $3.5B
2017-06-30 $4.5B
2017-09-30 $4.9B
2017-12-31 $5.9B
2018-03-31 $4.2B
2018-06-30 $4.3B
2018-09-30 $2.7B
2018-12-31 $2B
2019-03-31 $2.2B
2019-06-30 $2B
2019-09-30 $2.4B
2019-12-31 $2.1B
2020-03-31 $3.8B
2020-06-30 $2.4B
2020-09-30 $2.4B
2020-12-31 $3.2B
2021-03-31 $7.3B
2021-06-30 $6.3B
2021-09-30 $6.9B
2021-12-31 $5.8B
2022-03-31 $4.1B
2022-06-30 $2.4B
2022-09-30 $3.6B
2022-12-31 $3.5T
2023-03-31 $2.2B
2023-06-30 $2.3B
2023-09-30 $3.8B
2023-12-31 $2.8B
2024-03-31 $3.6B
2024-06-30 $3.1B
2024-09-30 $1.5B
2024-12-31 $1.6B
2025-03-31 $1.3B
2025-06-30 $826.1M
2025-09-30 $679.7M
2025-12-31 $1.4B
2026-03-31 $1B
2026-06-30 $1.3B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
NSCNorfolk Southern9.12%$120.9m384.3K+9.3% Added
BBIOBridgebio Pharma, Inc.7.60%$100.7m1.35M+7.1% Added
DLRDigital Realty5.24%$69.4m386.5KNew
MLYSMineralys Therapeutics, Inc.5.10%$67.6m2.51M+12.3% Added
NUVBNuvation Bio Inc.3.35%$44.4m7.82M0.0%
QCOMQualcomm1.78%$23.6m127.6KNew
KTOSKratos Defense & Security Solutions, Inc.1.34%$17.8m356.9K+58.6% Added
FPSForgent Power Solutions, Inc.1.24%$16.4m293.8K−58.0% Reduced
INIOInnio N.V.1.19%$15.8m400.0KNew
BBOTBridgebio Oncology Therapeutics, Inc.1.15%$15.3m2.00M+4.2% Added
PYXSPyxis Oncology, Inc.1.11%$14.8m4.90M−1.9% Reduced
MDLNMedline Inc.1.04%$13.8m348.6K+74.3% Added
MSFTMicrosoft Corporation0.98%$13.0m34.9K+1242.8% Added
CVNACarvana0.94%$12.5m190.2KNew
CEGConstellation Energy0.90%$11.9m47.9K+864.0% Added
DHID. R. Horton0.83%$11.0m67.8K+0.5%
ABBVAbbVie0.80%$10.6m42.2K+402.3% Added
CMECME Group0.78%$10.3m46.6K+0.4%
HOODRobinhood Markets0.75%$9.9m99.1K+192.3% Added
IMUXImmunic, Inc.0.71%$9.4m610.3KNew
WDCWestern Digital0.68%$9.0m14.0K+140.5% Added
PHMPulteGroup0.51%$6.8m49.3K+0.4%
FCXFreeport-McMoRan0.46%$6.2m97.8K+143.5% Added
METAMeta Platforms0.45%$6.0m10.6K−30.6% Reduced
AARDAardvark Therapeutics, Inc.0.45%$6.0m1.03M0.0%
AVGOBroadcom0.42%$5.6m14.9K−25.1% Reduced
COINCoinbase0.41%$5.5m37.4K+53397.1% Added
LENLennar0.41%$5.5m60.5K+0.8% Added
AUTLAutolus Therapeutics plc0.40%$5.3m3.32M0.0%
BXBlackstone Inc.0.40%$5.3m45.0K+1187.5% Added
CMGChipotle Mexican Grill0.38%$5.0m146.3K+3173.0% Added
PEPGPepgen Inc.0.37%$5.0m2.75M0.0%
MPWRMonolithic Power Systems, Inc.0.37%$4.9m3.6KNew
BOBSBob's Discount Furniture, Inc.0.36%$4.7m300.0K−33.3% Reduced
OCTVOctave Intelligence plc0.33%$4.4m270.2KNew
ONON Semiconductor Corp0.31%$4.1m43.6KNew
VLOValero Energy0.31%$4.1m15.8K+138.5% Added
CVSCVS Health0.31%$4.1m39.2KNew
CRDFCardiff Oncology, Inc.0.30%$4.0m3.10M+17.1% Added
TOLToll Brothers, Inc.0.30%$4.0m24.3K0.0%
SNDKSandisk0.29%$3.8m1.7K−68.0% Reduced
BBarrick Mining Corp0.29%$3.8m104.3K+229.4% Added
MOAltria0.28%$3.8m52.4K+336.2% Added
LNGCheniere Energy, Inc.0.28%$3.7m15.7K−45.0% Reduced
HUMHumana0.28%$3.7m9.3KNew
SHAZSharonai Holdings Inc.0.28%$3.7m43.6KNew
SPGIS&P Global0.27%$3.6m8.9KNew
CRMSalesforce0.25%$3.4m21.5K+796.4% Added
NEMNewmont0.25%$3.3m35.6K+69.8% Added
DELLDell Technologies0.24%$3.2m7.5K+814.5% Added
COPConocoPhillips0.24%$3.2m30.9KNew
LITELumentum0.23%$3.1m3.6KNew
CVXChevron Corporation0.23%$3.0m18.2KNew
LFTOLiftoff Mobile, Inc.0.23%$3.0m125.0KNew
NEENextEra Energy0.21%$2.8m32.4K+185.9% Added
FERGFerguson Enterprises0.21%$2.8m12.0K−53.9% Reduced
LUNRIntuitive Machines, Inc.0.21%$2.8m132.3K0.0%
BEBloom Energy0.20%$2.7m9.0KNew
KOThe Coca-Cola Company0.20%$2.7m33.4KNew
DEDeere & Company0.20%$2.7m4.2KNew
CRDOCredo Technology Group Holding Ltd0.20%$2.6m9.5KNew
ORCLOracle Corporation0.19%$2.5m16.9K−55.9% Reduced
PANWPalo Alto Networks0.18%$2.4m7.1K+62.1% Added
CBRSCerebras Systems Inc.0.18%$2.4m10.9KNew
VRTXVertex Pharmaceuticals0.18%$2.3m4.7KNew
FCNCAFirst Citizens Bancshares Inc0.16%$2.1m1.0K−6.1% Reduced
FANGDiamondback Energy0.15%$2.0m11.1KNew
COSTCostco0.14%$1.9m2.1KNew
EBAYeBay Inc.0.13%$1.8m15.9K−51.6% Reduced
NTAPNetApp0.13%$1.8m11.4KNew
DASHDoorDash0.12%$1.5m8.3K−79.4% Reduced
GEVGE Vernova0.12%$1.5m1.3K−74.5% Reduced
DALDelta Air Lines0.11%$1.5m15.8K+52703.3% Added
ZSZscaler, Inc.0.10%$1.4m9.9KNew
CICigna0.10%$1.4m5.1KNew
CIENCiena0.10%$1.4m2.8KNew
WMBWilliams Companies0.10%$1.4m18.2KNew
PMPhilip Morris International0.10%$1.3m7.3K+50.9% Added
MCHPMicrochip Technology Inc0.10%$1.3m13.8KNew
KMBKimberly-Clark0.09%$1.2m11.4KNew
AMZNAmazon0.09%$1.2m5.0KNew
FTAIFTAI Aviation Ltd.0.09%$1.2m4.4K+9.8% Added
XYZBlock, Inc.0.09%$1.2m15.3K−53.5% Reduced
UBERUber0.09%$1.2m16.0K−42.0% Reduced
CSXCSX Corporation0.09%$1.1m24.2KNew
AZNAstrazeneca PLC0.09%$1.1m6.0K−36.8% Reduced
VRSKVerisk Analytics, Inc.0.08%$1.1m6.2KNew
HWMHowmet Aerospace0.08%$1.1m4.0KNew
VSTVistra Corp.0.08%$1.0m6.6K−6.9% Reduced
VRTVertiv0.08%$1.0m3.1K+30.1% Added
MCDMcDonald's0.08%$1.0m3.8KNew
ALNYAlnylam Pharmaceuticals, Inc.0.08%$1.0m3.4K−23.5% Reduced
CATCaterpillar Inc.0.08%$1.0m950−93.4% Reduced
JPMJPMorgan Chase0.07%$969,5513.0K−55.8% Reduced
JHXJames Hardie Industries plc0.07%$962,24636.8K−5.3% Reduced
FIXComfort Systems USA0.07%$905,751457−88.5% Reduced
ONONOn Holding AG0.07%$897,08225.3K−0.2%
FTNTFortinet0.07%$870,7185.7K−61.8% Reduced
CTVACorteva, Inc.0.07%$862,22910.2KNew
VVisa Inc.0.06%$838,1692.4KNew
VSATViasat Inc0.06%$813,1409.1KNew
SPCXSpace Exploration Technologies Corp0.06%$799,1124.7KNew
HLTHilton Worldwide0.06%$796,0782.4KNew
CORCencora0.06%$795,1742.8KNew
STRLSterling Infrastructure, Inc.0.06%$787,320938New
GMGeneral Motors0.06%$757,4659.8KNew
MXLMaxlinear, Inc0.06%$741,2945.8K−42.1% Reduced
JEFJefferies Financial Group Inc.0.06%$736,60514.7K+3.9% Added
FNFabrinet0.05%$709,3451.3KNew
NXPINXP Semiconductors0.05%$680,6552.4KNew
AWKAmerican Water Works0.05%$668,9535.1K−15.3% Reduced
CDWCDW Corporation0.05%$653,6954.6KNew
NFLXNetflix0.05%$632,3908.9K−65.7% Reduced
AMRZAmrize Ltd0.05%$626,27511.8K−26.6% Reduced
ORLYO'Reilly Automotive0.05%$620,5026.7KNew
PWRQuanta Services0.05%$618,514859−83.7% Reduced
SANMSanmina Corp0.05%$614,2252.4KNew
UPSUnited Parcel Service0.05%$612,7505.7K−63.6% Reduced
INSMInsmed Inc0.05%$610,7195.7KNew
CRWVCoreweave, Inc.0.05%$607,1946.1K−38.9% Reduced
TWLOTwilio Inc0.04%$602,0712.9KNew
MARMarriott International0.04%$600,3561.6KNew
TMUST-Mobile US0.04%$599,8023.6K+32.2% Added
JBLJabil0.04%$592,8681.5KNew
WMTWalmart0.04%$587,0275.2KNew
FFIVF5, Inc.0.04%$566,9531.4KNew
WSMWilliams-Sonoma, Inc.0.04%$563,4032.4KNew
BNYBNY Mellon0.04%$551,3983.8KNew
MRVLMarvell Technology0.04%$551,3941.9K−92.0% Reduced
DVNDevon Energy0.04%$545,42413.2KNew
FFord Motor Company0.04%$537,93038.7KNew
LLYLilly (Eli)0.04%$537,345448New
JBHTJ.B. Hunt0.04%$533,4191.8KNew
DYDycom Industries Inc0.04%$531,8811.1KNew
NXTNextpower Inc.0.04%$527,1944.4KNew
COHRCoherent Corp.0.04%$523,8561.3KNew
INTUIntuit0.04%$514,1702.0KNew
GHGuardant Health, Inc.0.04%$510,4023.4KNew
AONAon plc0.04%$508,4811.5KNew
HESMHess Midstream LP0.04%$501,99813.4KNew
POSTPost Holdings, Inc.0.04%$496,8165.6K−6.7% Reduced
MAMastercard0.04%$494,083962New
STXSeagate Technology0.04%$493,115511−83.2% Reduced
VSHVishay Intertechnology Inc0.04%$482,9989.0KNew
ZBHZimmer Biomet0.04%$476,9395.5KNew
CSCOCisco0.04%$475,3614.0K−74.3% Reduced
LINLinde plc0.04%$472,235910New
PLRXPliant Therapeutics, Inc.0.04%$470,587412.8K0.0%
CPAYCorpay0.04%$465,2451.4KNew
AMPAmeriprise Financial0.04%$459,6781.0KNew
CompanyBought (value)Shares
DLRDigital Realty$69.4m386.5K
QCOMQualcomm$23.6m127.6K
INIOInnio N.V.$15.8m400.0K
CVNACarvana$12.5m190.2K
MSFTMicrosoft Corporation$12.1m32.3K
CEGConstellation Energy$10.7m42.9K
NSCNorfolk Southern$10.3m32.7K
IMUXImmunic, Inc.$9.4m610.3K
ABBVAbbVie$8.5m33.8K
MLYSMineralys Therapeutics, Inc.$7.4m274.1K
BBIOBridgebio Pharma, Inc.$6.7m89.6K
KTOSKratos Defense & Security Solutions, Inc.$6.6m131.9K
HOODRobinhood Markets$6.5m65.2K
MDLNMedline Inc.$5.9m148.6K
COINCoinbase$5.5m37.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
FPSForgent Power Solutions, Inc.−$22.7m−406.2K
SAROStandardaero, Inc.−$15.5m−600.0K
CATCaterpillar Inc.−$14.4m−13.5K
SNDKSandisk−$8.2m−3.6K
AMATApplied Materials−$8.0m−23.5K
NVDANVIDIA Corporation−$7.7m−44.4K
FIXComfort Systems USA−$6.9m−3.5K
LRCXLam Research−$6.9m−32.4K
CDNSCadence Design Systems Inc−$6.5m−17.4K
ADBEAdobe Inc.−$6.5m−31.5K
CRWDCrowdStrike−$6.4m−16.3K
MRVLMarvell Technology−$6.3m−21.3K
ASMLAsml Holding NV−$6.0m−4.5K
DASHDoorDash−$5.9m−31.9K
VORVor Biopharma Inc.−$5.7m−318.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
SAROStandardaero, Inc.$15.5m600.0K
AMATApplied Materials$8.0m23.5K
NVDANVIDIA Corporation$7.7m44.4K
LRCXLam Research$6.9m32.4K
CRWDCrowdStrike$6.4m16.3K
ASMLAsml Holding NV$6.0m4.5K
VORVor Biopharma Inc.$5.7m318.7K
NOWServiceNow$5.7m54.3K
GOOGLAlphabet Inc. (Class A)$5.4m18.8K
SNPSSynopsys Inc$5.2m13.1K
DDOGDatadog, Inc.$5.2m43.7K
AMDAdvanced Micro Devices$4.8m23.7K
TERTeradyne$4.8m16.2K
SBUXStarbucks$4.8m53.0K
TSLATesla, Inc.$4.6m12.3K
GLWCorning Inc.$4.2m31.0K
AAPLApple Inc.$4.0m15.7K
LULULululemon Athletica$3.7m24.5K
SHOPShopify Inc.$3.6m30.6K
ELThe Estée Lauder Companies$3.5m48.7K
AXONAxon Enterprise$3.1m7.3K
URIUnited Rentals$3.0m4.1K
APHAmphenol$3.0m23.5K
RLYBRallybio Corp$2.7m302.8K
MUMicron Technology$2.6m7.8K
ANETArista Networks$2.6m21.1K
GILDGilead Sciences$2.5m17.8K
FDXFedEx$2.4m6.8K
HPEHewlett Packard Enterprise$2.3m94.8K
BMYBristol Myers Squibb$2.2m36.1K
  • Health Care35.7%
  • Industrials22.7%
  • Technology13.0%
  • Real Estate7.8%
  • Consumer Discretionary7.0%
  • Financials5.2%
  • Energy2.1%
  • Materials2.0%
  • Utilities1.8%
  • Consumer Staples1.4%
  • Communication Services1.3%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+13.5%+14.1%0.630.78−40.1%1.12
2018 onwardsJanuary 5, 2018 to November 2, 2026+14.4%+13.9%0.580.66−40.1%1.12
Last three yearsNovember 3, 2023 to November 2, 2026+25.3%+21.8%1.021.16−18.9%1.07
Last yearNovember 7, 2025 to November 2, 2026+6.2%+14.2%0.200.84−16.3%1.12

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.