LC
Laurion Capital Management LP — 13F Portfolio Analysis & Stock Picks (Q2 2026)
Laurion Capital Management LPCIK: 0001390202
Diversified strategyHigh-turnover traderSector-focused
Total reported value
$3.9B
Reporting period: 2026-06-30 · Number of holdings: 420
Laurion Capital Management LP disclosed 420 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $3.9B and a quarterly turnover rate of 110.7%.
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Personality snowflake
- Concentration
- 10.22
- Portfolio Stability
- 100
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 74.48
Laurion Capital Management LP's disclosed holdings carry a Herfindahl concentration index of 0.026 — mathematically equivalent to about 39 equally-sized positions, well below its 420 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.55), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy SPY
Trim EA
-26.5% -$40.8M
Trim JPM
-99.0% -$82.5M
Add AMD
+60.5% $130.9M
Add DELL
+259.3% $100.1M
New buy CVNA
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 420 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 10.34% | +10.34% | NEW | |
| 2 | AMD | Advanced Micro Devices | Stock-Tech | 4.30% | +2.70% | +60.48% | |
| 3 | NSC | Norfolk Southern CORP | Stock-Industrials | 3.10% | -1.30% | +9.30% | |
| 4 | EA | Electronic Arts Inc | Stock-Comm Services | 2.96% | -3.86% | -26.51% | |
| 5 | AMAT | Applied Materials Inc | Stock-Tech | 2.94% | +1.54% | +69.26% | |
| 6 | DELL | Dell Technologies -c | Stock-Tech | 2.87% | +2.35% | +259.28% | |
| 7 | WBD | Warner Bros Discovery Inc | Stock-Comm Services | 2.69% | -1.04% | +26.51% | |
| 8 | GLW | Corning Inc | Stock-Tech | 2.60% | +1.55% | +123.37% | |
| 9 | BBIO | Bridgebio Pharma Inc | Stock-Healthcare | 2.58% | -1.51% | +7.09% | |
| 10 | HOOD | Robinhood Markets Inc - A | Stock-Financials | 2.56% | +1.56% | +201.54% | |
| 11 | DDOG | Datadog Inc - Class A | Stock-Tech | 2.33% | +1.65% | +162.11% | |
| 12 | CVNA | Carvana Co | Stock-Consumer Disc | 2.27% | +2.27% | NEW | |
| 13 | QCOM | Qualcomm Inc | Stock-Tech | 2.27% | +2.27% | NEW | |
| 14 | INTC | Intel CORP | Stock-Tech | 2.24% | +1.61% | +90.30% | |
| 15 | NET | Cloudflare Inc - Class A | Stock-Tech | 1.93% | +1.66% | +932.66% | |
| 16 | SNOW | Snowflake Inc | Stock-Tech | 1.89% | +1.89% | NEW | |
| 17 | LRCX | Lam Research CORP | Stock-Tech | 1.87% | +0.67% | +30.34% | |
| 18 | FIX | Comfort Systems USA Inc | Stock-Industrials | 1.79% | +1.00% | +169.20% | |
| 19 | DLR | Digital Realty Trust Inc | Stock-Real Estate | 1.78% | +1.78% | NEW | |
| 20 | MLYS | Mineralys Therapeutics Inc | Stock-Other | 1.73% | -0.91% | +12.28% | |
| 21 | APP | Applovin Corp-class A | Stock-Tech | 1.66% | +1.66% | NEW | |
| 22 | COHR | Coherent CORP | Stock-Tech | 1.48% | +1.48% | NEW | |
| 23 | KLAC | Kla CORP | Stock-Tech | 1.20% | +0.76% | +2156.52% | |
| 24 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 1.17% | +0.15% | +144.86% | |
| 25 | NUVB | Nuvation Bio Inc | Stock-Other | 1.14% | -0.32% | -0.03% | |
| 26 | AVGO | Broadcom Inc | Stock-Tech | 1.08% | -0.69% | -15.03% | |
| 27 | COIN | Coinbase Global Inc -class A | Stock-Financials | 1.05% | +0.86% | +1003.87% | |
| 28 | ANET | Arista Networks Inc | Stock-Tech | 1.04% | +0.34% | +83.56% | |
| 29 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.00% | +0.61% | +207.14% | |
| 30 | LITE | Lumentum Holdings Inc | Stock-Tech | 0.97% | +0.97% | NEW | |
| 31 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.91% | +0.48% | +203.45% | |
| 32 | ALAB | Astera Labs Inc | Stock-Tech | 0.83% | +0.83% | NEW | |
| 33 | MRVL | Marvell Technology Inc | Stock-Tech | 0.83% | +0.73% | +368.88% | |
| 34 | WDC | Western Digital CORP | Stock-Tech | 0.79% | +0.72% | +728.91% | |
| 35 | FCX | Freeport-mcmoran Inc | Stock-Materials | 0.71% | -0.16% | +29.56% | |
| 36 | MPWR | Monolithic Power Systems Inc | Stock-Tech | 0.69% | +0.47% | +325.63% | |
| 37 | IBM | Intl Business Machines CORP | Stock-Tech | 0.67% | +0.54% | +641.77% | |
| 38 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 0.67% | +0.55% | +619.65% | |
| 39 | HPE | Hewlett Packard Enterprise | Stock-Tech | 0.63% | +0.28% | +61.93% | |
| 40 | MCHP | Microchip Technology Inc | Stock-Tech | 0.57% | +0.11% | +51.25% | |
| 41 | CIEN | Ciena CORP | Stock-Tech | 0.55% | +0.55% | NEW | |
| 42 | BBIO 2.25 02-01-29Bond | Bridgebio Pharma Inc | Bond | 0.54% | -0.40% | — | |
| 43 | C | Citigroup Inc | Stock-Financials | 0.51% | -0.98% | -52.93% | |
| 44 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.49% | -0.63% | -34.34% | |
| 45 | BX | Blackstone Inc | Stock-Financials | 0.49% | -0.25% | +9.07% | |
| 46 | BE | Bloom Energy Corp- A | Stock-Industrials | 0.49% | +0.49% | NEW | |
| 47 | RKLB | Rocket Lab CORP | Stock-Industrials | 0.48% | +0.48% | NEW | |
| 48 | CRWV | Coreweave Inc-cl A | Stock-Tech | 0.48% | +0.45% | +1776.06% | |
| 49 | SNDK | Sandisk CORP | Stock-Tech | 0.48% | +0.33% | +54.84% | |
| 50 | CRM | Salesforce Inc | Stock-Tech | 0.46% | +0.09% | +152.80% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+1.6%
Performance Last 4 Quarters
+37%
- Stdev
- +17.6%
- Beta
- +1.2
- Alpha
- +0.3%
- Max Drawdown
- -10%
- Annualized Perf
- +25.4%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +3.13
- Stutzer
- +0.42
- Treynor
- +0.2
- Sterling
- +1.47
- Calmar
- +2.53
- Information Ratio
- +0.48
- Tracking Error
- +8.8%
- Stdev Down
- +7.7%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +51.9%
- Worst 12 Months
- +2.9%
- Efficiency Ratio
- +0.66
- Sharpe
- +1.38
- Stdev Sectors
- +15.4%
- Skewness
- +0.57
- Kurtosis
- +0.5
- Upside Potential
- +4.75
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 420 | $3.9B | 100 | ||
| 2026 Q1 | 349 | $2.3B | 100 | ||
| 2025 Q4 | 306 | $2.7B | 100 | ||
| 2025 Q3 | 232 | $5.8B | 100 | ||
| 2025 Q2 | 381 | $5.5B | 0 | ||
| 2025 Q1 | 264 | $4.0B | 100 | ||
| 2024 Q4 | 293 | $5.5B | 0 | ||
| 2024 Q3 | 273 | $7.4B | 0 | ||
| 2024 Q2 | 542 | $8.5B | 0 | ||
| 2024 Q1 | 509 | $11.8B | 0 | ||
| 2023 Q4 | 464 | $11.8B | 0 | ||
| 2023 Q3 | 480 | $16.4B | 0 | ||
| 2023 Q2 | 581 | $17.9B | 0 | ||
| 2023 Q1 | 426 | $14.7B | 0 | ||
| 2022 Q4 | 405 | $21.4B | 0 | ||
| 2022 Q3 | 471 | $16.9B | 0 | ||
| 2022 Q2 | 455 | $6.5B | 0 | ||
| 2022 Q1 | 516 | $8.2B | 0 | ||
| 2021 Q4 | 529 | $9.9B | 0 | ||
| 2021 Q3 | 662 | $23.7B | 0 | ||
| 2021 Q2 | 678 | $18.0B | 100 | ||
| 2021 Q1 | 729 | $18.5B | 100 | ||
| 2020 Q4 | 605 | $12.9B | 100 | ||
| 2020 Q3 | 793 | $8.4B | 86 | ||
| 2020 Q2 | 870 | $8.9B | 100 | ||
| 2020 Q1 | 713 | $9.2B | 100 | ||
| 2019 Q4 | 849 | $13.0B | 73 | ||
| 2019 Q3 | 979 | $13.4B | 82 | ||
| 2019 Q2 | 864 | $10.2B | 100 | ||
| 2019 Q1 | 808 | $7.4B | 100 | ||
| 2018 Q4 | 1065 | $5.7B | 100 | ||
| 2018 Q3 | 1145 | $10.3B | 99 | ||
| 2018 Q2 | 1289 | $12.5B | 76 | ||
| 2018 Q1 | 1287 | $12.4B | 80 | ||
| 2017 Q4 | 1486 | $19.7B | 78 | ||
| 2017 Q3 | 1504 | $22.6B | 78 | ||
| 2017 Q2 | 1592 | $18.3B | 86 | ||
| 2017 Q1 | 1252 | $13.3B | 94 | ||
| 2016 Q4 | 1074 | $10.4B | 100 | ||
| 2016 Q3 | 880 | $10.7B | 100 | ||
| 2016 Q2 | 792 | $6.4B | 100 | ||
| 2016 Q1 | 750 | $6.3B | 100 | ||
| 2015 Q4 | 850 | $10.9B | 94 | ||
| 2015 Q3 | 714 | $8.6B | 100 | ||
| 2015 Q2 | 593 | $10.9B | 100 | ||
| 2015 Q1 | 324 | $5.1B | 100 | ||
| 2014 Q4 | 298 | $4.4B | 100 | ||
| 2014 Q3 | 282 | $4.7B | 100 | ||
| 2014 Q2 | 276 | $4.7B | 100 | ||
| 2014 Q1 | 230 | $2.7B | 100 | ||
| 2013 Q4 | 204 | $2.9B | 100 | ||
| 2013 Q3 | 164 | $1.4B | 100 | ||
| 2013 Q2 | 146 | $1.6B | 0 |
Holding changes this quarter
Laurion Capital Management LP's most significant position changes for 2026-06-30: New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Carvana Co (CVNA); New buy: Qualcomm Inc (QCOM); New buy: Snowflake Inc (SNOW); New buy: Digital Realty Trust Inc (DLR).
Showing top 200 changes by size (of 373 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +10.3% | NEW | New buy |
| 2 | AMD | Advanced Micro Devices | +2.7% | +60.48% | Add |
| 3 | DELL | Dell Technologies -c | +2.4% | +259.28% | Add |
| 4 | CVNA | Carvana Co | +2.3% | NEW | New buy |
| 5 | QCOM | Qualcomm Inc | +2.3% | NEW | New buy |
| 6 | SNOW | Snowflake Inc | +1.9% | NEW | New buy |
| 7 | DLR | Digital Realty Trust Inc | +1.8% | NEW | New buy |
| 8 | NET | Cloudflare Inc - Class A | +1.7% | +932.66% | Add |
| 9 | APP | Applovin Corp-class A | +1.7% | NEW | New buy |
| 10 | DDOG | Datadog Inc - Class A | +1.7% | +162.11% | Add |
| 11 | INTC | Intel CORP | +1.6% | +90.30% | Add |
| 12 | HOOD | Robinhood Markets Inc - A | +1.6% | +201.54% | Add |
| 13 | GLW | Corning Inc | +1.6% | +123.37% | Add |
| 14 | AMAT | Applied Materials Inc | +1.5% | +69.26% | Add |
| 15 | COHR | Coherent CORP | +1.5% | NEW | New buy |
| 16 | FIX | Comfort Systems USA Inc | +1% | +169.20% | Add |
| 17 | LITE | Lumentum Holdings Inc | +1% | NEW | New buy |
| 18 | COIN | Coinbase Global Inc -class A | +0.9% | +1003.87% | Add |
| 19 | ALAB | Astera Labs Inc | +0.8% | NEW | New buy |
| 20 | KLAC | Kla CORP | +0.8% | +2156.52% | Add |
| 21 | MRVL | Marvell Technology Inc | +0.7% | +368.88% | Add |
| 22 | WDC | Western Digital CORP | +0.7% | +728.91% | Add |
| 23 | LRCX | Lam Research CORP | +0.7% | +30.34% | Add |
| 24 | TSM | Taiwan Semiconductor-sp Adr | +0.6% | +207.14% | Add |
| 25 | VRT | Vertiv Holdings Co-a | +0.6% | +619.65% | Add |
| 26 | CIEN | Ciena CORP | +0.6% | NEW | New buy |
| 27 | IBM | Intl Business Machines CORP | +0.5% | +641.77% | Add |
| 28 | BE | Bloom Energy Corp- A | +0.5% | NEW | New buy |
| 29 | GS | Goldman Sachs Group Inc | +0.5% | +203.45% | Add |
| 30 | RKLB | Rocket Lab CORP | +0.5% | NEW | New buy |
| 31 | MPWR | Monolithic Power Systems Inc | +0.5% | +325.63% | Add |
| 32 | CRWV | Coreweave Inc-cl A | +0.5% | +1776.06% | Add |
| 33 | ✓ | +0.4% | NEW | New buy | |
| 34 | PANW | Palo Alto Networks Inc | +0.4% | +727.20% | Add |
| 35 | BKNG | Booking Holdings Inc | +0.4% | NEW | New buy |
| 36 | ANET | Arista Networks Inc | +0.3% | +83.56% | Add |
| 37 | SNDK | Sandisk CORP | +0.3% | +54.84% | Add |
| 38 | HPE | Hewlett Packard Enterprise | +0.3% | +61.93% | Add |
| 39 | ZS | Zscaler Inc | +0.3% | NEW | New buy |
| 40 | ON | On Semiconductor | +0.2% | NEW | New buy |
| 41 | IMUX | Immunic Inc | +0.2% | NEW | New buy |
| 42 | SPOT | Spotify Technology S.A. | +0.2% | +844.54% | Add |
| 43 | RDDT | Reddit Inc-cl A | +0.2% | +978.00% | Add |
| 44 | ABBV | Abbvie Inc | +0.2% | +402.30% | Add |
| 45 | PLTR | Palantir Technologies Inc-a | +0.2% | +144.86% | Add |
| 46 | MAR | Marriott International -cl A | +0.2% | NEW | New buy |
| 47 | VZ | Verizon Communications Inc | +0.1% | +637.13% | Add |
| 48 | TXN | Texas Instruments Inc | +0.1% | NEW | New buy |
| 49 | Q | Qnity Electronics Inc | +0.1% | NEW | New buy |
| 50 | B | Barrick Mining CORP | +0.1% | +188.98% | Add |
1–50 of 200
Filing History
FAQ
What is Laurion Capital Management LP and what type of investor is it?
Laurion Capital Management LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $3.9B, spread across 420 disclosed positions.
What are Laurion Capital Management LP's largest equity positions?
Based on the latest 13F filing, Laurion Capital Management LP's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $403.3M (10.3%)
2. Advanced Micro Devices (AMD) — $167.5M (4.3%)
3. Norfolk Southern CORP (NSC) — $120.9M (3.1%)
4. Electronic Arts Inc (EA) — $115.6M (3.0%)
5. Applied Materials Inc (AMAT) — $114.8M (2.9%)
What changes did Laurion Capital Management LP make in its most recent portfolio filing?
In the latest reported quarter, Laurion Capital Management LP made 199 notable position adjustments: 60 new positions were initiated, 51 existing holdings were added to, 44 positions were partially reduced, and 44 were completely exited. The largest of these moves: New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Carvana Co (CVNA); New buy: Qualcomm Inc (QCOM); New buy: Snowflake Inc (SNOW); New buy: Digital Realty Trust Inc (DLR)
What sectors does Laurion Capital Management LP focus on?
Laurion Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 56.6%
• Industrials: 9.7%
• Communication Services: 8.4%
• Financials: 7.8%
• Consumer Discretionary: 6.8%
• Health Care: 4.8%
Investment Profile
Laurion Capital Management LP returned an annualized 25.4% over the trailing 36 months — outperforming the S&P 500 by 0.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.20 (more volatile than the market) and a 53% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 56.6% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has added to its AMD position over the past two quarters (+$142.8M, now $167.5M), while trimming GOOGL over the same stretch (-$175.6M, still holding $8.6M).
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Developer Access
Access Laurion Capital Management LP's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/laurion-capital-management-lpCLI
npx alphasmo institutions get laurion-capital-management-lp