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Hudson Bay Capital Management

Hudson Bay Capital Management Portfolio holdings

AUM $29B
1-Year Est. Return 30.2%
This Fund
S&P 500
This Quarter Est. Return
+11.06%
1 Year Est. Return
+30.2%
3 Year Est. Return
+99.99%
5 Year Est. Return
+135.78%
10 Year Est. Return
+498.47%
AUM
$30.1B
AUM Growth
+$641M
Cap. Flow
-$3.63B
Cap. Flow %
-12.08%
Top 10 Hldgs %
29.43%
Holding
1,782
New
442
Increased
250
Reduced
348
Closed
584

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$521M
2
AAPL icon
Apple
AAPL
+$212M
3
CYBR
CyberArk
CYBR
+$205M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$164M
5
TSM icon
TSMC
TSM
+$162M

Top Sells

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$272M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$271M
3
AMD icon
Advanced Micro Devices
AMD
+$206M
4
NVDA icon
NVIDIA
NVDA
+$186M
5
HES
Hess
HES
+$163M

Sector Composition

Rank Sector Weight
1 Technology 10.62%
2 Consumer Discretionary 9%
3 Financials 6.82%
4 Healthcare 3.96%
5 Real Estate 3.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WAB icon
226
Wabtec
WAB
$50.3B
$18.6M 0.06%
92,905
+71,698
+338% +$14.2M
IPCX
227
Inflection Point Acquisition Corp III
IPCX
$188M
$18.5M 0.06%
1,833,042
+1,360,042
+288% +$13.8M
LQD icon
228
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.6B
$18.4M 0.06%
165,000
-615,000
-79% -$67.6M
CRWV
229
CoreWeave
CRWV
$49.3B
$18.2M 0.06%
+133,071
New +$15.7M
AAM
230
DELISTED
AA Mission Acquisition Corp
AAM
$18.1M 0.06%
1,717,230
– –
BABA icon
231
CALL
Alibaba
BABA
$306B
$17.9M 0.06%
+100,000
New +$13.1M
TASK icon
232
TaskUs
TASK
$633M
$17.8M 0.06%
+996,979
New +$17.2M
CRWV
233
PUT
CoreWeave
CRWV
$49.3B
$17.8M 0.06%
130,000
-5,000
-4% -$592K
VRTX icon
234
Vertex Pharmaceuticals
VRTX
$134B
$17.7M 0.06%
45,315
-4,931
-10% -$2.06M
SLNO
235
CALL
DELISTED
Soleno Therapeutics
SLNO
$17.6M 0.06%
260,000
+10,000
+4% +$741K
SPR
236
DELISTED
Spirit AeroSystems
SPR
$17.1M 0.06%
443,991
-123,770
-22% -$4.95M
MTSR
237
DELISTED
Metsera Inc
MTSR
$16.9M 0.06%
+323,836
New +$12M
CLS icon
238
Celestica
CLS
$39.1B
$16.9M 0.06%
68,644
-31,913
-32% -$6.43M
ETHE
239
CALL
Grayscale Ethereum Staking ETF Shares
ETHE
$1.52B
$16.8M 0.06%
+490,000
New +$15.9M
DLTR icon
240
CALL
Dollar Tree
DLTR
$24.6B
$16.5M 0.05%
175,000
-25,000
-13% -$2.68M
MMM icon
241
3M
MMM
$94.4B
$16.5M 0.05%
106,125
-2,256
-2% -$348K
CTLP
242
DELISTED
Cantaloupe
CTLP
$16.4M 0.05%
+1,554,659
New +$17M
FOLD
243
DELISTED
Amicus Therapeutics
FOLD
$16.4M 0.05%
2,075,000
-137,690
-6% -$980K
OPTU
244
Optimum Communications Inc
OPTU
$324M
$16.3M 0.05%
6,749,991
-700,000
-9% -$1.72M
IGV icon
245
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.9B
$16.1M 0.05%
+140,200
New +$15.5M
AKRO
246
DELISTED
Akero Therapeutics
AKRO
$16.1M 0.05%
338,500
-48,023
-12% -$2.33M
ABBV icon
247
AbbVie
ABBV
$442B
$16.1M 0.05%
69,352
-36,434
-34% -$7.42M
SRDX
248
DELISTED
Surmodics
SRDX
$16M 0.05%
536,275
+136,275
+34% +$4.55M
DMAA
249
Drugs Made In America Acquisition Corp
DMAA
$260M
$15.9M 0.05%
1,550,000
-250,000
-14% -$2.56M
AEP icon
250
American Electric Power
AEP
$67.3B
$15.8M 0.05%
140,770
-149,330
-51% -$16.3M
8 9
10
11 12

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Hudson Bay Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Hudson Bay Capital Management held 1,782 positions worth $30.1B, up 2.2% from $29.4B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Hudson Bay Capital Management withdrew a net $3.63B in Q3 2025, closing 584 positions and reducing 348 holdings. Its most notable exit was Hess, an estimated $163M position sold in full.

By sector, the portfolio is most concentrated in Technology at 11% of assets, down from 11% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Hudson Bay Capital Management opened a new position in CyberArk worth $230M.

  • Hudson Bay Capital Management's largest Q3 2025 buy was CyberArk: 476,630 shares worth $230M.
  • Hudson Bay Capital Management added most to Amazon in Q3 2025, an estimated $521M increase.
  • Hudson Bay Capital Management's biggest Q3 2025 reduction was Strategy Inc, cutting an estimated $272M.
  • Hudson Bay Capital Management fully exited Hess in Q3 2025, selling an estimated $163M.
  • Hudson Bay Capital Management's ten largest holdings make up 29% of its $30.1B portfolio in Q3 2025.
  • Hudson Bay Capital Management opened 442 new positions and closed 584 in Q3 2025.
  • Hudson Bay Capital Management's portfolio value rose 2.2% quarter-over-quarter to $30.1B.

Based on Hudson Bay Capital Management's 13F filing for Q3 2025, filed 13 Nov 2025.