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Funds (13F)

Balyasny Asset Management L.P.

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+13.6%
S&P 500 +14.1%
Last 12 months
+14.1%
S&P 500 +12.1%
Sharpe ratio
0.68
S&P 500 0.78
Biggest drop
−40.1%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$53.6k
StrategyS&P 500 $10,000 in Balyasny Asset Management L.P. from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Balyasny Asset Management L.P.'s quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Balyasny Asset Management L.P.'s 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+13.6%+14.1%
Total return+436%+470%
Last 12 months+14.1%+12.1%
Last 3 months−1.7%—
Last month−0.7%—
This year so far+9.8%—
Volatility a year18.2%16.0%
Sharpe ratio0.680.78
Biggest drop−40.1%−31.8%
Beta to the S&P 5001.081.00
Alpha a year (t-statistic)−1.1% (−0.68)—
Share of weeks up61%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
AMZN2.4%——
NVDA1.4%——
SPCX1.2%——
AES1.1%——
TXN0.9%——
ROKU0.9%——
GOOGL0.9%——
TXNM0.9%——
AAPL0.8%——
KVUE0.8%——
MMM0.8%——
META0.8%——
NSC0.7%——
PEN0.7%——
MDLZ0.7%——
SLAB0.7%——
BLK0.7%——
TT0.7%——
AMD0.6%——
COST0.6%——
ORLY0.6%——
UAL0.6%——
USB0.6%——
HBAN0.6%——
APH0.5%——
AME0.5%——
CBRS0.5%——
STX0.5%——
ABNB0.5%——
SPOT0.5%——
ASML0.5%——
DDOG0.5%——
ECL0.5%——
TMO0.5%——
MSFT0.5%——
NOW0.5%——
TSM0.5%——
PH0.5%——
SNOW0.5%——
TTWO0.4%——
RTX0.4%——
ETSY0.4%——
DLR0.4%——
SHW0.4%——
HEI0.4%——
HWM0.4%——
SNDK0.4%——
NVT0.4%——
HLT0.4%——
TOST0.4%——
HD0.4%——
UNH0.4%——
IEX0.4%——
LMT0.4%——
JPM0.4%——
PPL0.4%——
STZ0.4%——
CIEN0.4%——
LLY0.4%——
TSLA0.4%——
CZR0.4%——
PINS0.4%——
AIG0.4%——
COR0.4%——
KO0.3%——
TPG0.3%——
NET0.3%——
NI0.3%——
GD0.3%——
CRWV0.3%——
ABBV0.3%——
TWLO0.3%——
TMUS0.3%——
MELI0.3%——
CTVA0.3%——
BAC0.3%——
PCG0.3%——
CHD0.3%——
JNJ0.3%——
DHR0.3%——
ON0.3%——
KEY0.3%——
NEE0.3%——
INSM0.3%——
AHR0.3%——
FIVE0.3%——
IQV0.3%——
LSCC0.3%——
QXO0.3%——
LITE0.3%——
OKTA0.3%——
LNG0.3%——
VST0.3%——
SJM0.3%——
RPM0.3%——
CMG0.3%——
CAT0.3%——
SBUX0.3%——
COF0.3%——
GLPI0.3%——
CSX0.3%——
WTRG0.3%——
MSGS0.3%——
COHR0.3%——
RRX0.3%——
DVN0.3%——
CRDO0.3%——
CHH0.3%——
AMAT0.3%——
CCL0.3%——
TKR0.3%——
ACLS0.3%——
INIO0.3%——
MKSI0.3%——
INTC0.2%——
CHDN0.2%——
CMS0.2%——
DG0.2%——
TGT0.2%——
SUI0.2%——
V0.2%——
ATI0.2%——
RAL0.2%——
IOT0.2%——
WDC0.2%——
UNM0.2%——
ARMK0.2%——
EXPD0.2%——
KDP0.2%——
AFG0.2%——
TEX0.2%——
PNC0.2%——
STM0.2%——
TYL0.2%——
ROST0.2%——
WELL0.2%——
ROK0.2%——
XPO0.2%——
NWE0.2%——
BBIO0.2%——
FERG0.2%——
HUM0.2%——
AMT0.2%——
HAS0.2%——
OUT0.2%——
FLEX0.2%——
Q0.2%——
EXR0.2%——
OC0.2%——
FRPT0.2%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+13.6%+14.1%0.680.78−40.1%1.08−1.1% (−0.68)
2018 onwards5 Jan 2018 to 2 Nov 2026+12.2%+13.9%0.520.66−40.1%1.09−2.1% (−0.93)
Last three years3 Nov 2023 to 2 Nov 2026+20.6%+21.8%1.051.16−19.1%0.94+0.1% (0.03)
Last year7 Nov 2025 to 2 Nov 2026+15.3%+14.2%0.910.84−8.0%0.85+2.5% (0.38)
DateCompanyAction
21 Aug 2026ZTOBought
21 Aug 2026ZSBought
21 Aug 2026ZETABought
21 Aug 2026ZDBought
21 Aug 2026YEXTBought
21 Aug 2026XZOBought
21 Aug 2026XRNBought
21 Aug 2026XPEVBought
21 Aug 2026XMTRBought
21 Aug 2026XEBought
21 Aug 2026WWWBought
21 Aug 2026WULFBought
21 Aug 2026WTIBought
21 Aug 2026WRLDBought
21 Aug 2026WRBYBought
21 Aug 2026WOOFBought
21 Aug 2026WMGBought
21 Aug 2026WLTHBought
21 Aug 2026WLDNBought
21 Aug 2026WINGBought
21 Aug 2026WFCBought
21 Aug 2026WEAVBought
21 Aug 2026WCCBought
21 Aug 2026VTEXBought
21 Aug 2026VPGBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026ZEPPSold
21 Aug 2026ZBHSold
21 Aug 2026YUMCSold
21 Aug 2026XXISold
21 Aug 2026XPELSold
21 Aug 2026XGNSold
21 Aug 2026WYFISold
21 Aug 2026WTTRSold
21 Aug 2026WTFCSold
21 Aug 2026WTSold
21 Aug 2026WSFSSold
21 Aug 2026WLYSold
21 Aug 2026WHRSold
21 Aug 2026WHDSold
21 Aug 2026WEXSold
21 Aug 2026WCNSold
21 Aug 2026WASHSold
21 Aug 2026VVXSold
21 Aug 2026VSECSold
21 Aug 2026VRRMSold
21 Aug 2026VOYGSold
21 Aug 2026VNOSold
21 Aug 2026VMISold
21 Aug 2026VIPSSold
21 Aug 2026VIASold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest