BALYASNY ASSET MANAGEMENT L.P.

Balyasny Asset Management, the multi-strategy hedge fund, reported $77.1B across 3,117 positions with the churn characteristic of a pod platform — 26 new positions against 26 exits. The book is anchored by ETF exposure: SPDR S&P 500 (SPY, 5.2%), Invesco QQQ (3.6%) and iShares Russell 2000 (IWM, 2.6%) top the list ahead of Meta and Amazon. The largest single move was a $2.7B add to SPY, with Meta (+$526M), Warner Bros. Discovery (+$406M), IWM and Apple also increased. Funding came from trimming Microsoft (-$1.1B), Tesla (-$899M), Amazon, Alphabet and NVIDIA. New positions in RTX, HYG and GLD; exits in XLF, IVV, SMH, Broadcom and EA.