Top Institutional Investors

HAP TRADING, LLC — 13F Holdings & Portfolio

CIK 1049854 · latest 13F-HR filed 2025-11-12

Backtest portfolio

HAP TRADING, LLC manages $1.42B in 13F-reported U.S. long-equity assets across 836 reported positions as of its 2025-09-30 13F-HR filing. Its largest disclosed positions are APP (29.97%), META (4.25%), NVDA (3.63%).

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$1.42B

Long-equity book

Holdings
836

Distinct positions

Period
2025-09-30

Filed 2025-11-12

Q/Q Activity
—

no prior filing cached

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 25
META16.6%COR6.8%AVGO4.7%BNS4.0%AMZN2.2%CHTR2.0%MDB2.0%BURL2.0%TD1.9%SOC1.9%EWC1.8%WM1.7%XLK1.5%W1.5%AAPL1.4%SNDK1.3%EEM1.2%KWEB1.2%COIN1.1%PYPL1.1%EL1.0%XRT1.0%TMUS0.9%CRM0.9%CMG0.9%ET0.9%CM0.9%ON0.8%TBT0.8%FXI0.8%DHR0.8%INTC0.8%PCG0.8%BA0.8%BIDU0.8%WFC0.7%CMABV0.7%GVA0.7%UAL0.7%AMD0.7%SMCI0.7%TLT0.7%PDD0.6%PAAS0.6%NU0.6%JNJ0.6%FLR0.6%SLF0.6%DAL0.5%COHR0.5%BE0.5%CNC0.5%MUX0.5%ARM0.5%BTDR0.5%GDX0.5%TGT0.5%RKLB0.4%CCL0.4%NEM0.4%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

1 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 44.1%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Top Adds (vs prior quarter)

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Top Trims

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New Positions

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Exited Positions

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HAP TRADING, LLC Holdings (2025-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 APPLOVIN CORP Call APP 03831W108 $425.2M 29.97% 648,100 SH
2 META PLATFORMS INC META 30303M102 $60.2M 4.25% 82,024 SH
3 NVIDIA CORPORATION Call NVDA 67066G104 $51.5M 3.63% 673,600 SH
4 BROADCOM INC Call AVGO 11135F101 $50.6M 3.57% 461,000 SH
5 COINBASE GLOBAL INC Call COIN 19260Q107 $44.7M 3.15% 574,600 SH
6 TESLA INC Call TSLA 88160R101 $31.0M 2.19% 308,800 SH
7 WESTERN DIGITAL CORP Call WDC 958102105 $26.3M 1.85% 495,300 SH
8 CENCORA INC COR 03073E105 $24.8M 1.75% 79,509 SH
9 BROADCOM INC AVGO 11135F101 $17.2M 1.21% 52,088 SH
10 WAYFAIR INC Call W 94419L101 $16.1M 1.14% 574,000 SH
11 META PLATFORMS INC Call META 30303M102 $15.1M 1.06% 199,200 SH
12 BANK NOVA SCOTIA HALIFAX BNS 064149107 $14.7M 1.03% 162,647 SH
13 NETFLIX INC Call NFLX 64110L106 $14.0M 0.99% 42,700 SH
14 PALANTIR TECHNOLOGIES INC Call PLTR 69608A108 $13.0M 0.92% 265,600 SH
15 ALIBABA GROUP HLDG LTD Call BABA 01609W102 $11.8M 0.83% 366,900 SH
16 REDDIT INC Call RDDT 75734B100 $11.5M 0.81% 158,700 SH
17 SPDR S&P 500 ETF TR Call SPY 78462F103 $10.8M 0.76% 155,200 SH
18 IREN LIMITED Call IREN Q4982L109 $10.6M 0.74% 333,200 SH
19 CARVANA CO Call CVNA 146869102 $9.1M 0.64% 218,500 SH
20 GRANITE CONSTR INC Call GVA 387328107 $8.9M 0.63% 200,000 SH
21 ALPHABET INC Call GOOGL 02079K305 $8.8M 0.62% 188,500 SH
22 MICROSOFT CORP Call MSFT 594918104 $8.2M 0.58% 136,400 SH
23 AMAZON COM INC AMZN 023135106 $7.8M 0.55% 35,629 SH
24 APPLE INC Call AAPL 037833100 $7.8M 0.55% 234,500 SH
25 INVESCO QQQ TR Call QQQ 46090E103 $7.7M 0.54% 101,900 SH
26 CHARTER COMMUNICATIONS INC N CHTR 16119P108 $7.3M 0.51% 26,415 SH
27 MONGODB INC MDB 60937P106 $7.2M 0.51% 23,333 SH
28 BURLINGTON STORES INC BURL 122017106 $7.2M 0.51% 28,433 SH
29 TAIWAN SEMICONDUCTOR MFG LTD Call TSM 874039100 $6.8M 0.48% 148,700 SH
30 TORONTO DOMINION BK ONT TD 891160509 $6.8M 0.48% 85,301 SH
31 SABLE OFFSHORE CORP SOC 78574H104 $6.8M 0.48% 388,524 SH
32 ISHARES INC EWC 464286509 $6.5M 0.46% 129,472 SH
33 WASTE MGMT INC DEL WM 94106L109 $6.2M 0.44% 27,952 SH
34 JOHNSON CTLS INTL PLC Call JCI G51502105 $6.1M 0.43% 226,900 SH
35 SPDR GOLD TR Call GLD 78463V107 $5.7M 0.40% 168,400 SH
36 ROBINHOOD MKTS INC Call HOOD 770700102 $5.4M 0.38% 97,100 SH
37 SELECT SECTOR SPDR TR XLK 81369Y803 $5.4M 0.38% 19,264 SH
38 WAYFAIR INC W 94419L101 $5.3M 0.38% 59,630 SH
39 ADVANCED MICRO DEVICES INC Call AMD 007903107 $5.3M 0.37% 178,800 SH
40 SNOWFLAKE INC Call SNOW 833445109 $5.2M 0.37% 115,200 SH
41 APPLE INC AAPL 037833100 $5.2M 0.36% 20,287 SH
42 SANDISK CORP SNDK 80004C200 $4.8M 0.34% 42,513 SH
43 ISHARES TR EEM 464287234 $4.5M 0.31% 83,613 SH
44 ORACLE CORP Call ORCL 68389X105 $4.3M 0.30% 115,000 SH
45 KRANESHARES TRUST KWEB 500767306 $4.2M 0.30% 100,823 SH
46 COINBASE GLOBAL INC COIN 19260Q107 $4.1M 0.29% 12,184 SH
47 UBER TECHNOLOGIES INC Call UBER 90353T100 $4.0M 0.28% 250,900 SH
48 PAYPAL HLDGS INC PYPL 70450Y103 $4.0M 0.28% 59,832 SH
49 ASML HOLDING N V Call ASML N07059210 $3.9M 0.28% 28,200 SH
50 UNITEDHEALTH GROUP INC Call UNH 91324P102 $3.9M 0.28% 166,700 SH