Laurion Capital Management LP
Long book
$1.01B
Q1 2026
Positions
186
Top-10 weight
58%
concentration
Last quarter
+14.2%
SPY +14.8%
Turnover
76%
of book per quarter
Strategy in plain words
auto-generated from filingsLaurion Capital Management LP is a quantitative fund whose holdings reflect models, not opinions, running a $1.01B US long book across 186 positions.
The portfolio is concentrated: the top 10 names carry 58% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ELECTRONIC ARTS INC, NORFOLK SOUTHERN CORP, BRIDGEBIO PHARMA INC, WARNER BROS DISCOVERY INC, MINERALYS THERAPEUTICS INC.
Over the last 9 quarters its long book ran on average 0pp per quarter ahead of the S&P 500, beating the index in 4 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
-7.2%
Q2 2024
+1.1%
Q3 2024
-3.1%
Q4 2024
-3.7%
Q1 2025
+13.7%
Q2 2025
+21.6%
Q3 2025
+14.0%
Q4 2025
-10.1%
Q1 2026
+14.2%
Sector allocation
Healthcare 26%
Technology 25%
Industrials 23%
Communications 9%
Other 6%
Financials 4%
Services media 2%
Consumer discretionary 2%
Long book by quarter
What does Laurion Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| EA ELECTRONIC ARTS INC | Technology | 566.8K | $115.6M | 11.4% | +27.8% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 351.6K | $100.9M | 10.0% | Held |
| BBIO BRIDGEBIO PHARMA INC | Healthcare | 1.3M | $93.8M | 9.3% | -9.9% |
| WBD WARNER BROS DISCOVERY INC | Communications | 3.1M | $85.4M | 8.5% | +28.1% |
| MLYS MINERALYS THERAPEUTICS INC | Healthcare | 2.2M | $60.5M | 6.0% | +30.3% |
| HO1 HOLOGIC INC | — | 604.5K | $45.7M | 4.5% | New |
| NUVB NUVATION BIO INC | Healthcare | 7.8M | $33.6M | 3.3% | -0.4% |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 700.0K | $20.5M | 2.0% | New |
| BBOT BRIDGEBIO ONCOLOGY THERAPEUT | Healthcare | 1.9M | $17.2M | 1.7% | +31.2% |
| KTOS KRATOS DEFENSE & SECURITY | Industrials | 225.0K | $15.9M | 1.6% | New |
| SARO STANDARDAERO INC | Industrials | 600.0K | $15.5M | 1.5% | New |
| CME CME GROUP INC | Financials | 46.4K | $13.7M | 1.4% | -4.5% |
| CAT CATERPILLAR INC | Industrials | 14.5K | $10.3M | 1.0% | New |
| DHI DR HORTON INC | Industrials | 67.5K | $9.3M | 0.9% | New |
| MDLN MEDLINE INC-CL A | Healthcare | 200.1K | $8.9M | 0.9% | New |
| META META PLATFORMS INC-CLASS A | Technology | 15.3K | $8.8M | 0.9% | New |
| LNG CHENIERE ENERGY INC | Utilities | 28.5K | $8.1M | 0.8% | -15.7% |
| AMAT APPLIED MATERIALS INC | Technology | 23.5K | $8.0M | 0.8% | +922.7% |
| ADBE ADOBE INC | Technology | 32.8K | $8.0M | 0.8% | New |
| NVDA NVIDIA CORP | Technology | 44.4K | $7.7M | 0.8% | -83.6% |
| PYXS PYXIS ONCOLOGY INC | Healthcare | 5.0M | $7.3M | 0.7% | +4.2% |
| LRCX LAM RESEARCH CORP | Industrials | 32.4K | $6.9M | 0.7% | New |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 16.3K | $6.4M | 0.6% | New |
| AVGO BROADCOM INC | Technology | 19.9K | $6.2M | 0.6% | -48.4% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 26.0K | $6.1M | 0.6% | -13.3% |
| DASH DOORDASH INC - A | Services media | 40.1K | $6.0M | 0.6% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 4.5K | $6.0M | 0.6% | New |
| PHM PULTEGROUP INC | Industrials | 49.1K | $5.8M | 0.6% | New |
| VOR VOR BIOPHARMA INC | Healthcare | 318.7K | $5.7M | 0.6% | +0.4% |
| NOW SERVICENOW INC | Technology | 54.3K | $5.7M | 0.6% | +341.3% |
| ORCL ORACLE CORP | Technology | 38.3K | $5.6M | 0.6% | New |
| FIX COMFORT SYSTEMS USA INC | Industrials | 4.0K | $5.5M | 0.5% | New |
| GOOGL ALPHABET INC-CL A | Technology | 18.8K | $5.4M | 0.5% | -95.9% |
| BOBS BOB'S DISCOUNT FURNITURE | Consumer discretionary | 450.0K | $5.3M | 0.5% | New |
| LEN LENNAR CORP-A | Industrials | 60.0K | $5.2M | 0.5% | New |
| SNPS SYNOPSYS INC | Technology | 13.1K | $5.2M | 0.5% | New |
| DDOG DATADOG INC - CLASS A | Technology | 43.7K | $5.2M | 0.5% | New |
| PEPG PEPGEN INC | Healthcare | 2.8M | $4.9M | 0.5% | +34.0% |
| CDNS CADENCE DESIGN SYS INC | Technology | 17.5K | $4.9M | 0.5% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 23.7K | $4.8M | 0.5% | +86.9% |
| TER TERADYNE INC | Technology | 16.2K | $4.8M | 0.5% | +217.1% |
| SBUX STARBUCKS CORP | Consumer discretionary | 53.0K | $4.8M | 0.5% | New |
| GOOG ALPHABET INC-CL C | Technology | 16.4K | $4.7M | 0.5% | -94.8% |
| TSLA TESLA INC | Industrials | 12.3K | $4.6M | 0.5% | -88.3% |
| GEV GE VERNOVA INC | Industrials | 5.1K | $4.4M | 0.4% | New |
| IMUX IMMUNIC INC | Healthcare | 3.9M | $4.3M | 0.4% | Held |
| CRDF CARDIFF ONCOLOGY INC | Healthcare | 2.6M | $4.3M | 0.4% | Held |
| GLW CORNING INC | Industrials | 31.0K | $4.2M | 0.4% | New |
| AAPL APPLE INC | Technology | 15.7K | $4.0M | 0.4% | -95.5% |
| AARD AARDVARK THERAPEUTICS INC | Healthcare | 1.0M | $3.9M | 0.4% | +1.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 349 | $2.29B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR/ARESTATEMENT | Feb 17, 2026 | 306 | $2.69B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 306 | $3.27B | SEC ↗ | |
| Q3 2025 | 13F-HR | Nov 17, 2025 | 232 | $5.82B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 381 | $5.54B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 264 | $3.97B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 293 | $5.47B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 273 | $7.36B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 542 | $8.45B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 509 | $11.79B | canonical | SEC ↗ |
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