HBK Sorce Advisory LLC

Hedge Fund • Multi-Strategy

HBK Sorce Advisory LLC is a Multi-Strategy Hedge Fund based in Dallas, TX led by Matthew Atcheson Leffers, reporting $28.5B in AUM as of Q3 2025 with 78% ETF concentration, 66% concentrated in top 10 holdings, and 22% allocation to SCHX.

PresidentMatthew Atcheson Leffers

Portfolio Value: $4.1B
Positions: 732
Top Holding: SCHX at 21.96%
Last Reported: Q3 2025

Address2300 North Field Street, Suite 2200, Dallas, TX, 75201-7849, United States

Top Holdings

Largest long holdings in HBK Sorce Advisory LLC's portfolio (66.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SCHX Schwab U.S. Large-Cap ETF SCHX	ETF ETF	$897.0M	21.96%	+$13.6M Bought	— 34.0M shares	≤ Q2 2013 Held for 12y 5m+
2 VCRB Vanguard Core Bond VCRB	ETF ETF	$680.4M	16.66%	+$33.8M Bought	— 8.6M shares	Q1 2024 Held for 1y 8m
3 Vanguard FTSE Developed Markets VEA	ETF ETF	$464.3M	11.37%	+$11.1M Bought	— 7.7M shares	≤ Q2 2013 Held for 12y 5m+
4 Dimensional US Large Cap Vector DFVX	ETF ETF	$301.7M	7.39%	+$13.4M Bought	— 4.2M shares	Q4 2023 Held for 1y 11m
5 Apple AAPL	Consumer Electronics Technology	$86.6M	2.12%	+$1.9M Bought	0.00% 347.4K shares	≤ Q2 2013 Held for 12y 5m+
6 Schwab U.S. Broad Market SCHB	ETF ETF	$80.9M	1.98%	+$16.0K Bought	— 3.1M shares	Q4 2015 Held for 9y 11m
7 Vanguard S&P 500 ETF VOO	ETF ETF	$49.6M	1.21%	-$3.4M Sold	— 81.1K shares	Q2 2014 Held for 11y 5m
8 Schwab Emerging Markets Equity SCHE	ETF ETF	$49.1M	1.20%	+$3.8M Bought	— 1.5M shares	Q2 2014 Held for 11y 5m
9 Invesco Russell 1000 Dynamic Multifactor OMFL	ETF ETF	$48.9M	1.20%	-$3.3M Sold	— 818.4K shares	Q2 2020 Held for 5y 5m
10 Microsoft MSFT	Software - Infrastructure Technology	$45.7M	1.12%	+$190.5K Bought	0.00% 89.1K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in HBK Sorce Advisory LLC's latest filing

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Market Value

$4.1B

Prior: $3.7B

Q/Q Change

+10.64%

+$392.7M

Net Flows % of MV

+3.3%

Turnover Ratio

3.45%

New Purchases

81 stocks

$81.0M

Added To

263 stocks

+$105.9M

Sold Out Of

21 stocks

$9.2M

Reduced Holdings

268 stocks

-$42.7M

Increased Positions

Position	Shares Δ	Change
1 BOXX Alpha Architect BOXX	New	0 → 100.3K +$11.4M
2 SPIB SPDR Portfolio Intermediate Term Corporate Bond SPIB	New	0 → 281.7K +$9.5M
3 iShares 0-3 Month Treasury Bond SGOV	New	0 → 55.9K +$5.6M
4 JPIE JPMorgan Income JPIE	New	0 → 115.6K +$5.3M
5 SPDR NYSE Technology XNTK	New	0 → 18.2K +$5.2M

Decreased Positions

Position	Shares Δ	Change
1 VRNA Verona Pharma VRNA	Sold	31.0K → 0 −$2.9M
2 FT Vest S&P 500 Dividend Aristocrats Target Income KNG	Sold	28.6K → 0 −$1.4M
3 SPXS Direxion Daily S&P 500 Bear 3x Shares SPXS	Sold	24.8K → 0 −$1.2M
4 Aeva Technologies AEVA	Sold	7.3K → 0 −$277.0K
5 FactSet Research Systems FDS	Sold	613.0 → 0 −$274.2K

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Analytics

Portfolio insights and performance metrics for HBK Sorce Advisory LLC

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Sector Allocation

ETF

77.80%

Technology

6.50%

Financial Services

3.50%

Industrials

2.20%

Healthcare

2.00%

Communication Services

2.00%

Consumer Cyclical

1.60%

Consumer Defensive

1.30%

Utilities

0.70%

Energy

0.70%

Real Estate

0.40%

Basic Materials

0.20%

Market Cap Distribution

Mega Cap (> $200B)

12.06%

Large Cap ($10B - $200B)

7.92%

Mid Cap ($2B - $10B)

0.67%

Small Cap ($300M - $2B)

0.18%

Micro Cap ($50M - $300M)

0.06%

Nano Cap (< $50M)

0.12%

N/A (ETF or Unknown)

78.97%

Portfolio Concentration

Top 10 Holdings %

66.21%

Top 20 Holdings %

73.26%

Top 50 Holdings %

81.75%

Top 100 Holdings %

88.26%