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PDT Partners, LLC
Peter Muller · Hedge Fund · Quant/Systematic
PDT Partners, LLC is a leading quantitative investment management firm based in New York. Originally founded in 1993 by Peter Muller as the Process Driven Trading group within Morgan Stanley, it operated as a highly successful proprietary trading division for nearly two decades before spinning off as an independent entity in 2013. The firm specializes in developing and implementing algorithmic trading strategies across global financial markets, utilizing a rigorous, scientific approach to identify and capture market inefficiencies. With a team of scientists, engineers, and mathematicians, PDT manages billions in assets through systematic models across various liquid securities including equities, futures, and currencies.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +49.7% |
| YTD return | +33.0% |
| Sharpe ratio | 2.98 |
| Win rate | 54% |
| AUM | $0.4B |
| Inception | Oct 1, 2025 |
| Updated | Aug 20, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.4B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://pdtpartners.com |
Current Holdings
Updated on Aug 20, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| DELL | Dell Technologies Inc | 11.7% | +35.3% |
| PBF | PBF Energy Inc | 7.6% | +84.8% |
| HUM | Humana Inc | 6.8% | +20.8% |
| LOGI | Logitech International SA | 5.8% | -7.5% |
| MKSI | MKS Instruments Inc | 5.5% | -12.2% |
| PAYC | Paycom Software, Inc. | 5.1% | +72.2% |
| DK | Delek US Energy Inc | 4.9% | +34.9% |
| TIGO | Millicom International Cellular SA | 4.7% | +65.3% |
| PARR | Par Pacific Holdings Inc | 4.6% | +22.3% |
| NBIS | Nebius Group N.V. | 4.5% | -19.3% |
| CAKE | The Cheesecake Factory | 4.5% | +37.8% |
| SPHR | Sphere Entertainment Co. | 4.5% | +27.8% |
| NVDA | NVIDIA Corporation | 4.4% | +0.9% |
| UBS | UBS Group AG | 3.8% | +28.3% |
| MOG-A | Moog Inc | 3.8% | +2.7% |
| GE | GE Aerospace | 3.8% | +12.2% |
| CME | CME Group Inc | 3.8% | +2.4% |
| EXPE | Expedia Group Inc. | 3.6% | +8.8% |
| MIRM | Mirum Pharmaceuticals Inc | 3.3% | +12.0% |
| LVS | Las Vegas Sands Corp | 3.2% | -0.8% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 17, 2026 | SELL | DK | 4.6% → 4.9% |
| Aug 17, 2026 | SELL | NVDA | 4.6% → 4.4% |
| Aug 17, 2026 | SELL | MIRM | 3.5% → 3.3% |
| Aug 17, 2026 | BUY | PBF | 6.9% → 7.6% |
| Aug 17, 2026 | BUY | LVS | 0.0% → 3.2% |
Investment Style Analysis
PDT Partners, LLC is widely recognized for employing a Quant/Systematic strategy. As of Aug 20, 2026, the firm oversees approximately $0.4B in assets under management (AUM). The portfolio demonstrates a clear preference for the Computer Hardware and Oil & Gas Refining & Marketing sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 17, PDT Partners, LLC made a significant move by reducing the position in DK. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
PDT Partners employs a systematic, model-driven investment philosophy rooted in the scientific method. The firm utilizes advanced mathematical and statistical techniques to analyze vast amounts of historical and real-time market data, identifying predictive indicators and market inefficiencies. Its strategies are primarily technical and fundamental, executed through proprietary algorithmic models to generate high risk-adjusted returns in liquid global markets. The culture emphasizes intellectual curiosity, rigorous research, and a collaborative environment where cross-disciplinary teams of PhDs and engineers continuously refine their trading algorithms and technology infrastructure.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with PDT Partners, LLC.
Similar Investment Style
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Frequently asked questions
How is the simulated portfolio for PDT Partners, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is PDT Partners, LLC's largest holding?
As of the latest filing, PDT Partners, LLC's top position is Dell Technologies Inc (DELL), representing 11.7% of the portfolio. This reflects a high-conviction bet by the institution.
What is PDT Partners, LLC's historical performance and risk profile?
Our simulation indicates a total return of +49.7% with a win rate of 54%. Notably, the portfolio maintains a Sharpe Ratio of 2.98, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does PDT Partners, LLC primarily invest in?
PDT Partners, LLC has a strong preference for the Computer Hardware sector, which makes up 17.5% of their disclosed assets. The portfolio also has exposure to Oil & Gas Refining & Marketing, indicating a specific thematic focus.
Is PDT Partners, LLC's portfolio concentrated or diversified?
PDT Partners, LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 26.2% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has PDT Partners, LLC performed in 2026?
Our AI-simulated model portfolio for PDT Partners, LLC tracks a Year-to-Date (YTD) return of +33.0%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Peter Muller manage PDT Partners, LLC directly?
Yes, Peter Muller serves as the key portfolio manager for PDT Partners, LLC, overseeing the investment strategy and final capital allocation decisions.