HRT FINANCIAL LP

13F equity value

$54.8B

Positions

4,113

Top 10 concentration

24.8%

Quarters / total new picks

45 / 13,910

13F equity value over time

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 45 quarters, returned +1.9% per quarter — versus +1.9% per quarter from simply owning every 13F stock. It beat that baseline in only 51.1% of quarters (excess t = -0.51, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess

-0.2%

t-stat

-0.51

Quarterly win rate

51%

Annualized excess

-0.2%

$1 → follow vs universe

$2.00 vs $2.04

Cumulative return: $1 invested in new picks vs universe

Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 4113 · 2026 Q2

Ticker	Value	Weight	QoQ
SPY	$5.6B	10.2%	ADD +8%
QQQ	$2.7B	4.9%	ADD +41%
IWM	$1.3B	2.4%	ADD +11%
GOOG	$622M	1.1%	ADD ×4.4
BE	$600M	1.1%	NEW
SPCX	$589M	1.1%	NEW
AMD	$532M	1.0%	ADD ×5.0
MU	$386M	0.7%	ADD +54%
CRDO	$377M	0.7%	NEW
ORCL	$371M	0.7%	NEW
INTC	$364M	0.7%	NEW
QCOM	$355M	0.7%	NEW
COST	$304M	0.6%	ADD ×3.9
STX	$290M	0.5%	ADD +31%
SNDK	$271M	0.5%	TRIM −87%
JNJ	$262M	0.5%	NEW
CRM	$226M	0.4%	ADD ×20.7
HLT	$219M	0.4%	ADD ×26.2
IVV	$187M	0.3%	ADD ×4.5
TSLA	$184M	0.3%	NEW

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q2

0MDS.L 0UC3.L 0Y3K.L 2M6.DE ABEV ABNB ABSI ACA ACAD ACEL ACGL ACN ACTU ACWV ADUS AEG AEHR AEIS AEM AFB AFYA AGNC AGNT AGQ AGYS AHR AIPO AISP AKAM ALAB

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry is the first trading session after the actual SEC filing deadline plus a 2-day buffer. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.