Hap Trading 13F annual report

Hap Trading is an investment fund managing more than $323 billion ran by Michael Joseph. There are currently 116 companies in Mr. Joseph’s portfolio. The largest investments include Zillow Inc and Cytokinetics Inc, together worth $62.4 billion.

Limited to 30 biggest holdings

$323 billion Assets Under Management (AUM)

As of 6th May 2024, Hap Trading’s top holding is 709,770 shares of Zillow Inc currently worth over $34.6 billion and making up 10.7% of the portfolio value. Relative to the number of outstanding shares of Zillow Inc, Hap Trading owns more than approximately 0.1% of the company. In addition, the fund holds 395,529 shares of Cytokinetics Inc worth $27.7 billion, whose value grew 94.0% in the past six months. The third-largest holding is Kroger Co worth $16 billion and the next is VanEck ETF Trust worth $12.1 billion, with 53,899 shares owned.

Currently, Hap Trading's portfolio is worth at least $323 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Hap Trading

The Hap Trading office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Michael Joseph serves as the COO & CFO at Hap Trading.

Recent trades

In the most recent 13F filing, Hap Trading revealed that it had opened a new position in Cytokinetics Inc and bought 395,529 shares worth $27.7 billion. This means they effectively own approximately 0.1% of the company. Cytokinetics Inc makes up 45.7% of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Zillow Inc by buying 177,342 additional shares. This makes their stake in Zillow Inc total 709,770 shares worth $34.6 billion. Zillow Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Hap Trading is getting rid of from its portfolio. Hap Trading closed its position in Charter Communications Inc N on 13th May 2024. It sold the previously owned 62,648 shares for $24.4 billion. Michael Joseph also disclosed a decreased stake in Kenvue Inc by 0.3%. This leaves the value of the investment at $10.6 billion and 494,595 shares.

One of the smaller hedge funds

The two most similar investment funds to Hap Trading are Whalerock Point Partners and Boltwood Capital Management. They manage $323 billion and $323 billion respectively.


Michael Joseph investment strategy

Hap Trading’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Health Care — making up 18.8% of the total portfolio value. The fund focuses on investments in the United States as 55.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 25% of the total holdings value. On the other hand, small-cap stocks make up only 4.3% of the portfolio. The average market cap of the portfolio companies is close to $50.2 billion.

The complete list of Hap Trading trades based on 13F SEC filings

These positions were updated on May 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Zillow Group Inc
33.31%
709,770
$34,622,581,000 10.73%
Cytokinetics Inc
Opened
395,529
$27,730,538,000 8.59%
Charter Communications Inc N
Closed
62,648
$24,350,025,000
Cigna Group (The)
Closed
56,738
$16,990,194,000
Kroger Co.
Opened
280,686
$16,035,591,000 4.97%
VanEck ETF Trust
Opened
53,899
$12,126,736,000 3.76%
Johnson Ctls Intl Plc
Closed
195,932
$11,293,520,000
Sprott Fds Tr
Closed
225,337
$10,877,017,000
Chesapeake Energy Corp.
Closed
140,119
$10,780,756,000
Kenvue Inc
26.44%
494,595
$10,614,009,000 3.29%
Palo Alto Networks Inc
Closed
34,433
$10,153,603,000
Par Technology Corp.
123.49%
198,017
$8,982,051,000 2.78%
Sea Ltd
309.33%
165,167
$8,871,120,000 2.75%
Coinbase Global Inc
Opened
31,588
$8,374,611,000 2.59%
Carvana Co.
43.44%
92,365
$8,119,807,000 2.52%
Johnson Johnson
47.72%
50,204
$7,941,771,000 2.46%
Ishares Tr
Closed
135,186
$10,679,773,000
Merck Co Inc
166.89%
54,701
$7,217,797,000 2.24%
Vista Outdoor Inc
Opened
211,308
$6,926,676,000 2.15%
Western Digital Corp.
Opened
98,158
$6,698,302,000 2.08%
Chevron Corp.
Closed
39,659
$5,915,536,000
Alibaba Group Hldg Ltd
10.94%
81,610
$5,905,300,000 1.83%
Viking Therapeutics Inc
Opened
65,357
$5,359,274,000 1.66%
Apartment Invt Mgmt Co
Closed
628,385
$4,920,255,000
Criteo S.A
Opened
139,371
$4,887,741,000 1.51%
Apple Inc
Opened
27,863
$4,777,947,000 1.48%
Intra-Cellular Therapies Inc
Opened
68,011
$4,706,361,000 1.46%
Union Pac Corp
Closed
19,030
$4,674,149,000
MongoDB Inc
Opened
12,826
$4,599,917,000 1.42%
Crocs Inc
3.86%
31,171
$4,482,390,000 1.39%
Baxter International Inc.
Opened
103,639
$4,429,531,000 1.37%
Hannon Armstrong Sust Infr C
32.26%
150,251
$4,267,128,000 1.32%
Fomento Economico Mexicano S
151.13%
31,605
$4,117,183,000 1.28%
Compania De Minas Buenaventu
Closed
266,310
$4,058,564,000
Hanesbrands Inc
94.01%
687,036
$3,984,809,000 1.23%
Us Foods Hldg Corp
Closed
85,108
$3,864,754,000
Applovin Corp
18.05%
55,414
$3,835,757,000 1.19%
Unity Software Inc.
Closed
93,152
$3,808,985,000
Microchip Technology, Inc.
Closed
41,562
$3,748,061,000
Wayfair Inc
253.74%
54,862
$3,724,033,000 1.15%
Norwegian Cruise Line Hldg L
Closed
184,233
$3,692,029,000
Alnylam Pharmaceuticals Inc
Opened
23,798
$3,556,611,000 1.10%
Granite Constr Inc
Opened
61,153
$3,493,671,000 1.08%
Fedex Corp
Closed
13,787
$3,487,697,000
NIO Inc
88.14%
755,800
$3,401,100,000 1.05%
Lyondellbasell Industries N
Closed
35,296
$3,355,944,000
International Business Machs
Opened
17,524
$3,346,383,000 1.04%
Amazon.com Inc.
58.00%
18,539
$3,344,065,000 1.04%
Pacira BioSciences Inc
1.89%
112,867
$3,297,974,000 1.02%
Disney Walt Co
Closed
35,265
$3,184,077,000
Abbvie Inc
Closed
20,530
$3,181,534,000
Bank Nova Scotia Halifax
Closed
63,702
$3,101,650,000
Albemarle Corp.
Opened
21,992
$2,897,226,000 0.90%
Schwab Charles Corp
Closed
42,095
$2,896,136,000
Dell Technologies Inc
Closed
37,747
$2,887,646,000
Shell Plc
Opened
37,441
$2,510,045,000 0.78%
Albertsons Cos Inc
Opened
113,877
$2,441,523,000 0.76%
Carmax Inc
Closed
31,205
$2,394,672,000
ON Semiconductor Corp.
56.35%
30,755
$2,262,030,000 0.70%
Burford Cap Ltd
25.00%
141,139
$2,253,990,000 0.70%
Dish Network Corporation
Closed
388,065
$2,239,135,000
Vale S.A.
Opened
177,038
$2,158,093,000 0.67%
Tempur Sealy International Inc
Closed
42,034
$2,142,473,000
MGM Resorts International
Closed
47,656
$2,129,270,000
MetLife, Inc.
Opened
28,254
$2,093,904,000 0.65%
Cenovus Energy Inc
16.45%
100,738
$2,013,753,000 0.62%
Nike, Inc.
Closed
18,317
$1,988,677,000
Advanced Micro Devices Inc.
Closed
13,464
$1,984,728,000
Ark Etf Tr
Closed
86,354
$2,755,576,000
PDD Holdings Inc
Closed
13,391
$1,959,237,000
Simplify Exchange Traded Fun
Closed
84,343
$1,952,540,000
Oracle Corp.
Closed
18,276
$1,926,839,000
Uber Technologies Inc
Opened
24,552
$1,890,258,000 0.59%
Guidewire Software Inc
Opened
16,127
$1,882,182,000 0.58%
T-Mobile US, Inc.
Opened
11,267
$1,839,000,000 0.57%
Inhibrx, Inc.
Closed
46,426
$1,764,188,000
Structure Therapeutics Inc
Opened
40,920
$1,753,831,000 0.54%
Walgreens Boots Alliance Inc
Opened
75,871
$1,645,642,000 0.51%
Citizens Finl Group Inc
Closed
48,517
$1,607,853,000
Morphosys AG
Closed
161,461
$1,598,464,000
Ascendis Pharma A/S
Closed
12,299
$1,549,059,000
Kraneshares Tr
Closed
56,366
$1,521,882,000
Shift4 Pmts Inc
Closed
20,078
$1,492,599,000
Moderna Inc
Closed
14,736
$1,465,495,000
Sarepta Therapeutics Inc
Opened
11,023
$1,427,038,000 0.44%
Tpg Re Fin Tr Inc
Opened
179,995
$1,389,561,000 0.43%
Snap Inc
Closed
81,315
$1,376,663,000
Semtech Corp.
Opened
48,971
$1,346,213,000 0.42%
Advisorshares Tr
Closed
191,770
$1,344,308,000
Cedar Fair L.P.
Opened
31,713
$1,328,775,000 0.41%
United Airls Hldgs Inc
Closed
32,035
$1,321,764,000
DraftKings Inc.
Closed
37,405
$1,318,526,000
NovoCure Ltd
Opened
82,757
$1,293,492,000 0.40%
Marathon Digital Holdings In
Opened
57,209
$1,291,779,000 0.40%
Hims Hers Health Inc
Closed
142,556
$1,268,748,000
Robinhood Mkts Inc
Opened
62,417
$1,256,454,000 0.39%
EchoStar Corp
Opened
87,926
$1,252,946,000 0.39%
Ishares Silver Tr
Opened
53,798
$1,223,905,000 0.38%
Signet Jewelers Limited
Opened
12,155
$1,216,351,000 0.38%
Spdr Ser Tr
Opened
29,128
$2,189,672,000 0.68%
BridgeBio Pharma Inc
Opened
38,039
$1,176,166,000 0.36%
BILL Holdings Inc
Closed
14,394
$1,174,406,000
Agnico Eagle Mines Ltd
Closed
21,372
$1,172,254,000
Five9 Inc
Closed
14,813
$1,165,635,000
Payoneer Global Inc
178.44%
233,121
$1,132,968,000 0.35%
Pfizer Inc.
11.24%
40,448
$1,122,432,000 0.35%
Wells Fargo Co New
Closed
22,219
$1,093,619,000
Bristol-Myers Squibb Co.
Opened
20,068
$1,088,288,000 0.34%
Citigroup Inc
Closed
20,770
$1,068,409,000
Morgan Stanley
Opened
11,273
$1,061,466,000 0.33%
Banco Macro Sa
Closed
36,736
$1,054,323,000
Equitrans Midstream Corporation
Opened
84,253
$1,052,320,000 0.33%
Evolus Inc
Opened
74,167
$1,038,338,000 0.32%
Celsius Holdings Inc
50.45%
12,165
$1,008,722,000 0.31%
Select Sector Spdr Tr
Closed
26,820
$1,008,432,000
On Hldg Ag
Opened
26,101
$923,453,000 0.29%
PayPal Holdings Inc
4.72%
13,615
$912,069,000 0.28%
Yandex N V
Closed
47,422
$898,173,000
Proshares Tr
Closed
30,735
$1,287,296,000
CVS Health Corp
Opened
10,994
$876,881,000 0.27%
United States Cellular Corporation
Closed
20,883
$867,480,000
Affirm Holdings, Inc.
Opened
23,179
$863,650,000 0.27%
Bluegreen Vacations Hldg Cor
Closed
11,300
$848,856,000
Freeport-McMoRan Inc
Opened
17,846
$839,119,000 0.26%
agilon health, inc.
Opened
136,594
$833,223,000 0.26%
APA Corporation
Opened
24,024
$825,945,000 0.26%
Prothena Corp Plc
Closed
22,701
$824,954,000
Cameco Corp.
Closed
18,660
$804,246,000
Invesco Ltd
8.34%
48,401
$802,973,000 0.25%
Las Vegas Sands Corp
Closed
16,122
$793,364,000
Larimar Therapeutics, Inc.
Opened
98,984
$751,289,000 0.23%
Veradigm Inc
Closed
70,910
$743,846,000
Academy Sports Outdoors In
Opened
11,000
$742,940,000 0.23%
Stratasys Ltd
4.87%
63,653
$739,648,000 0.23%
Kohls Corp
Opened
25,296
$737,378,000 0.23%
Direxion Shs Etf Tr
Closed
33,910
$1,150,933,000
Astrazeneca plc
Opened
10,638
$720,725,000 0.22%
Atmus Filtration Technologie
Opened
21,946
$707,759,000 0.22%
Par Pac Holdings Inc
Opened
18,768
$695,542,000 0.22%
Corsair Gaming, Inc.
Closed
48,514
$684,047,000
Ryan Specialty Holdings Inc
Closed
15,612
$671,628,000
Riot Platforms Inc
Opened
52,875
$647,190,000 0.20%
Perrigo Co Plc
Opened
20,002
$643,864,000 0.20%
Hewlett Packard Enterprise C
7.49%
35,689
$632,766,000 0.20%
Barclays Bank PLC
Closed
39,632
$615,089,000
Pinterest Inc
Closed
16,115
$596,900,000
SoFi Technologies, Inc.
6.78%
77,787
$567,845,000 0.18%
Insmed Inc
Opened
20,517
$556,626,000 0.17%
Endeavor Group Hldgs Inc
Closed
23,264
$552,055,000
EBay Inc.
Opened
10,413
$549,598,000 0.17%
Spdr Ser Tr
Closed
10,297
$539,872,000
Proshares Tr
Opened
46,996
$749,273,000 0.23%
Altria Group Inc.
Opened
11,889
$518,598,000 0.16%
Ishares Tr
42.52%
12,554
$515,718,000 0.16%
Ishares Tr
Opened
15,963
$514,487,000 0.16%
Suncor Energy, Inc.
8.48%
13,682
$505,003,000 0.16%
Immersion Corp
Opened
67,050
$501,534,000 0.16%
Newmont Corp
13.76%
13,842
$496,097,000 0.15%
Foot Locker Inc
Closed
15,701
$489,086,000
Att Inc
Closed
29,058
$487,593,000
Cleanspark Inc
Closed
43,601
$480,919,000
Gamestop Corp New
Closed
27,017
$473,608,000
Pure Storage Inc
Closed
13,050
$465,363,000
Dbx Etf Tr
Opened
19,060
$458,774,000 0.14%
American Airls Group Inc
Opened
29,330
$450,216,000 0.14%
Southwest Airls Co
11.44%
14,497
$423,167,000 0.13%
Toast, Inc.
12.30%
16,941
$422,170,000 0.13%
Tetra Technologies, Inc.
Opened
95,081
$421,209,000 0.13%
Proshares Tr
37.13%
39,632
$415,343,000 0.13%
Cabaletta Bio Inc
Opened
24,070
$410,634,000 0.13%
Exelon Corp.
Closed
11,329
$406,711,000
Lemonade, Inc.
Opened
24,315
$399,009,000 0.12%
Kinross Gold Corp.
Closed
65,485
$396,184,000
Cleveland-Cliffs Inc
Opened
17,157
$390,150,000 0.12%
Alcoa Corp
Closed
11,260
$382,840,000
Warner Bros.Discovery Inc
Opened
43,519
$379,921,000 0.12%
C3.ai Inc
Opened
13,513
$365,797,000 0.11%
Xerox Holdings Corp
Opened
20,103
$359,844,000 0.11%
Peabody Energy Corp.
Opened
14,698
$356,573,000 0.11%
Array Technologies, Inc.
Closed
20,755
$348,684,000
Geo Group, Inc.
Closed
31,906
$345,542,000
Direxion Shs Etf Tr
Opened
20,108
$337,613,000 0.10%
Lyft Inc
Closed
22,514
$337,485,000
Exelixis Inc
Closed
12,886
$309,135,000
Informatica Inc.
Closed
10,333
$293,354,000
Proshares Tr Ii
Closed
34,335
$289,787,000
Telephone Data Sys Inc
Opened
17,786
$284,932,000 0.09%
Teva Pharmaceutical Inds Ltd
Closed
26,945
$281,306,000
Barrick Gold Corp.
69.66%
16,512
$274,760,000 0.09%
Groupon Inc
Opened
20,202
$269,495,000 0.08%
Astria Therapeutics Inc
Opened
19,096
$268,776,000 0.08%
Coterra Energy Inc
Closed
10,057
$256,655,000
Energy Transfer L P
Closed
18,575
$256,335,000
V F Corp
Opened
16,456
$252,435,000 0.08%
FIGS, Inc.
Opened
48,361
$240,838,000 0.07%
Paramount Global
Opened
20,439
$240,567,000 0.07%
Pan Amern Silver Corp
36.55%
15,733
$237,254,000 0.07%
Nordstrom, Inc.
Opened
11,357
$230,206,000 0.07%
B. Riley Financial Inc
Closed
10,768
$226,020,000
Proshares Tr Ii
Opened
17,428
$224,124,000 0.07%
Allot Ltd
Closed
125,291
$206,730,000
No transactions found
Showing first 500 out of 201 holdings