Hudson Bay Capital Management’s Elanco Animal Health ELAN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-273,620	Closed	-$3.91M	–	1385
2025 Q2	$3.91M	Buy	273,620 +73,620	+37%	+$860K	0.03%	615
2025 Q1	$2.1M	Buy	200,000 +75,000	+60%	+$848K	0.01%	815
2024 Q4	$1.51M	Buy	125,000 +25,000	+25%	+$327K	0.01%	699
2024 Q3	$1.47M	Buy	100,000 +50,000	+100%	+$697K	0.01%	607
2024 Q2	$722K	Sell	50,000 -15,000	-23%	-$240K	0.01%	625
2024 Q1	$1.06M	Sell	65,000 -35,000	-35%	-$547K	0.01%	538
2023 Q4	$1.49M	Sell	100,000 -215,000	-68%	-$2.44M	0.01%	491
2023 Q3	$3.54M	Sell	315,000 -45,000	-13%	-$523K	0.03%	372
2023 Q2	$3.62M	Buy	360,000 +45,000	+14%	+$418K	0.04%	386
2023 Q1	$2.96M	Buy	315,000 +35,000	+13%	+$413K	0.03%	441
2022 Q4	$3.42M	Buy	280,000 +55,000	+24%	+$686K	0.04%	470
2022 Q3	$2.79M	Buy	225,000 +195,000	+650%	+$3.41M	0.03%	638
2022 Q2	$589K	Buy	30,000 +20,000	+200%	+$473K	0.01%	975
2022 Q1	$261K	Sell	10,000 -5,000	-33%	-$133K	﹤0.01%	903
2021 Q4	$426K	Buy	+15,000	New	+$467K	﹤0.01%	863
2021 Q2	–	Sell	-32,500	Closed	-$957K	–	963
2021 Q1	$957K	Buy	+32,500	New	+$1,000K	0.01%	690