HIGHBRIDGE CAPITAL MANAGEMENT LLC
Long book
$1.10B
Q1 2026
Positions
239
Top-10 weight
38%
concentration
Last quarter
+0.2%
SPY +14.8%
Turnover
64%
of book per quarter
Strategy in plain words
auto-generated from filingsHIGHBRIDGE CAPITAL MANAGEMENT LLC is a quantitative fund whose holdings reflect models, not opinions, running a $1.10B US long book across 239 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ELECTRONIC ARTS INC, HOLOGIC INC, NEXTERA ENERGY INC, WIX.COM LTD, LEARWATER ANALYTICS HLDGS I.
Over the last 9 quarters its long book ran on average 3.5pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-7.1%
Q2 2024
+20.5%
Q3 2024
-5.1%
Q4 2024
-1.5%
Q1 2025
+4.9%
Q2 2025
-0.1%
Q3 2025
+1.3%
Q4 2025
-4.5%
Q1 2026
+0.2%
Sector allocation
Financials 36%
Technology 27%
Utilities 16%
Other 11%
Services media 5%
Communications 2%
Real estate 1%
Healthcare 1%
Long book by quarter
What does HIGHBRIDGE CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| EA ELECTRONIC ARTS INC | Technology | 545.9K | $110.6M | 10.0% | +3.2% |
| HO1 HOLOGIC INC | — | 821.2K | $62.0M | 5.6% | +34.2% |
| NEE NEXTERA ENERGY INC | Utilities | 800.0K | $40.1M | 3.6% | New |
| WIX WIX.COM LTD | Technology | 424.6K | $38.2M | 3.5% | New |
| NVRI ENVIRI CORP | Utilities | 1.8M | $34.3M | 3.1% | +21.6% |
| BHF BRIGHTHOUSE FINANCIAL INC | Financials | 438.4K | $26.3M | 2.4% | +59.2% |
| BELFA BEL FUSE INC-CL A | Technology | 138.5K | $25.0M | 2.3% | New |
| PPLI PEOPLE INC | Technology | 568.5K | $22.2M | 2.0% | +36.2% |
| FAC FACTORIAL ENERGY INC | Technology | 2.0M | $20.8M | 1.9% | +1.3% |
| KVUE KENVUE INC | Other | 1.2M | $20.2M | 1.8% | Held |
| NWE NORTHWESTERN ENERGY GROUP IN | Utilities | 287.3K | $18.9M | 1.7% | New |
| AES AES CORP | Utilities | 1.3M | $18.7M | 1.7% | New |
| HDRN HADRON ENERGY INC | Utilities | 1.7M | $18.5M | 1.7% | -7.7% |
| DRDB ROMAN DBDR ACQUISITION CORP | Financials | 1.7M | $18.0M | 1.6% | +587.7% |
| ENHA ENHANCED GROUP INC | Services media | 1.7M | $17.5M | 1.6% | +94.8% |
| HVII HENNESSY CAPITAL INVESTMENT | Utilities | 1.7M | $17.2M | 1.6% | +10.8% |
| GRAF GRAF GLOBAL CORP-CL A | Financials | 1.5M | $16.2M | 1.5% | +0.8% |
| BCAR D. BORAL ARC ACQUISIT - CL A | Technology | 1.5M | $15.4M | 1.4% | New |
| MBVI M3-BRIGADE ACQUISITION-CL A | Financials | 1.5M | $14.8M | 1.3% | Held |
| WBD WARNER BROS DISCOVERY INC | Communications | 543.3K | $14.7M | 1.3% | New |
| ARTC ART TECHNOLOGY ACQUISIT-CL A | Financials | 1.5M | $14.7M | 1.3% | New |
| DMAA DRUGS MADE IN AMERICA ACQUIS | Financials | 1.3M | $13.9M | 1.3% | New |
| SSAC SPACSPHERE ACQUISITION-CL A | Financials | 1.4M | $13.7M | 1.2% | New |
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 310.2K | $13.0M | 1.2% | -27.2% |
| KTWO K2 CAPITAL ACQUISITION-CL A | Financials | 1.2M | $12.2M | 1.1% | New |
| EMPD EMPERY DIGITAL INC | Financials | 2.9M | $12.1M | 1.1% | +55.9% |
| GIX GIGCAPITAL9 CORP-CL A | Financials | 1.2M | $12.1M | 1.1% | New |
| CRAN CRANE HARBOR ACQUISITIO-CL A | Financials | 1.2M | $11.9M | 1.1% | New |
| AEXA AMERICAN EXCEPTIONALISM-CL A | Financials | 1.0M | $10.9M | 1.0% | +755.0% |
| CCIX CHURCHILL CAPITAL CORP IX | Technology | 1.0M | $10.7M | 1.0% | New |
| HCMA HCM III ACQUISITION COR-CL A | Financials | 1.0M | $10.1M | 0.9% | Held |
| XFLH XFLH CAPITAL CORP | Financials | 941.0K | $9.3M | 0.8% | New |
| CAEP CANTOR EQUITY PARTNERS III-A | — | 863.8K | $8.9M | 0.8% | +21.6% |
| FGII FG IMPERII ACQUISITION-CL A | Financials | 888.4K | $8.8M | 0.8% | New |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 150.0K | $8.6M | 0.8% | New |
| STHO STAR HOLDINGS | Real estate | 1.1M | $8.4M | 0.8% | -4.7% |
| BEAG BOLD EAGLE ACQUISITION COR-A | Financials | 765.4K | $8.1M | 0.7% | New |
| FOUR SHIFT4 PAYMENTS INC | Services media | 150.0K | $8.0M | 0.7% | New |
| TVA TEXAS VENTURES ACQUISITION-A | Financials | 738.7K | $7.7M | 0.7% | New |
| FGMC FG MERGER II CORP | Financials | 700.3K | $7.1M | 0.6% | +25.1% |
| LLYVK LIBERTY LIVE HOLDINGS-C | Services media | 75.9K | $6.8M | 0.6% | +977.2% |
| ANSC AGRICULTURE & NATURAL SOLUTI | Financials | 558.6K | $6.3M | 0.6% | New |
| WLAC WILLOW LANE ACQUISITION-CL A | — | 573.6K | $6.1M | 0.6% | +78.2% |
| CEPV CANTOR EQUITY PARTNERS-CL A | Financials | 600.0K | $6.1M | 0.5% | Held |
| GLIBK LIBERTY CAPITAL CORP-CL C | Communications | 152.9K | $5.6M | 0.5% | -55.2% |
| NBRG NEWBRIDGE ACQUISITION LTD-A | Financials | 531.0K | $5.2M | 0.5% | New |
| SRPT SAREPTA THERAPEUTICS INC | Healthcare | 250.0K | $5.1M | 0.5% | -37.5% |
| TACO BERTO ACQUISITION CORP | Financials | 500.0K | $5.1M | 0.5% | Held |
| CRAC CROWN RESERVE ACQUISITI-CL A | Financials | 500.8K | $5.0M | 0.5% | New |
| GPAT GP-ACT III ACQUISITION-A | Financials | 452.1K | $4.9M | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 378 | $3.09B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 297 | $3.14B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 307 | $2.30B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 289 | $2.45B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 253 | $2.47B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 304 | $2.67B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 339 | $3.10B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 338 | $3.13B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 342 | $2.73B | canonical | SEC ↗ |
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