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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
-1.15%
1 Year Est. Return
+30.2%
3 Year Est. Return
+99.99%
5 Year Est. Return
+135.78%
10 Year Est. Return
+485.17%
AUM
$29B
AUM Growth
-$1.36B
Cap. Flow
-$1.03B
Cap. Flow %
-3.55%
Top 10 Hldgs %
27.32%
Holding
1,717
New
560
Increased
295
Reduced
288
Closed
339

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$221M
2
UNH icon
UnitedHealth
UNH
+$208M
3
MU icon
Micron Technology
MU
+$196M
4
TSM icon
TSMC
TSM
+$173M
5
ORCL icon
Oracle
ORCL
+$134M

Top Sells

Rank Stock Value
1
CYBR
CyberArk
CYBR
+$232M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$217M
3
VRT icon
Vertiv
VRT
+$213M
4
COST icon
Costco
COST
+$188M
5
BP icon
BP
BP
+$170M

Sector Composition

Rank Sector Weight
1 Technology 14.15%
2 Financials 8.94%
3 Consumer Discretionary 6.12%
4 Healthcare 5.51%
5 Communication Services 3.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
26
CALL
NVIDIA
NVDA
$5.35T
$217M 0.75%
1,241,500
+957,000
+336% +$176M
UNH icon
27
UnitedHealth
UNH
$378B
$189M 0.65%
+700,000
New +$208M
UNH icon
28
PUT
UnitedHealth
UNH
$378B
$189M 0.65%
+700,000
New +$208M
GLD icon
29
PUT
SPDR Gold Trust
GLD
$138B
$174M 0.6%
+403,400
New +$181M
MU icon
30
Micron Technology
MU
$1.04T
$169M 0.58%
+500,070
New +$196M
MU icon
31
PUT
Micron Technology
MU
$1.04T
$169M 0.58%
+500,000
New +$196M
SPY icon
32
State Street SPDR S&P 500 ETF Trust
SPY
$821B
$165M 0.57%
253,545
+121,361
+92% +$82.5M
AMZN icon
33
CALL
Amazon
AMZN
$2.93T
$156M 0.54%
751,400
+635,400
+548% +$140M
AVGO icon
34
Broadcom
AVGO
$2T
$155M 0.53%
500,002
-44,560
-8% -$14.7M
AVGO icon
35
PUT
Broadcom
AVGO
$2T
$155M 0.53%
500,000
– –
EA icon
36
Electronic Arts
EA
$52.9B
$149M 0.51%
728,687
+331,187
+83% +$66.9M
TSLA icon
37
CALL
Tesla
TSLA
$1.27T
$134M 0.46%
361,800
-882,200
-71% -$363M
EA icon
38
PUT
Electronic Arts
EA
$52.9B
$134M 0.46%
+657,000
New +$133M
ORCL icon
39
PUT
Oracle
ORCL
$418B
$134M 0.46%
+910,000
New +$148M
WBD icon
40
Warner Bros
WBD
$64.7B
$132M 0.45%
4,792,054
+4,746,856
+10,502% +$133M
SHOP icon
41
PUT
Shopify
SHOP
$192B
$130M 0.45%
1,100,000
+25,000
+2% +$3.28M
IBIT icon
42
PUT
iShares Bitcoin Trust
IBIT
$47.7B
$127M 0.44%
3,302,600
-1,308,500
-28% -$56.7M
QQQ icon
43
CALL
Invesco QQQ Trust
QQQ
$483B
$124M 0.43%
+214,900
New +$131M
ORCL icon
44
Oracle
ORCL
$418B
$124M 0.43%
842,463
+821,586
+3,935% +$134M
DLTR icon
45
Dollar Tree
DLTR
$24.7B
$124M 0.43%
1,129,000
+140,000
+14% +$17.1M
NSC icon
46
Norfolk Southern
NSC
$76.4B
$118M 0.41%
412,553
+77,233
+23% +$23M
PEN icon
47
Penumbra
PEN
$12.7B
$115M 0.4%
+349,038
New +$118M
SHOP icon
48
Shopify
SHOP
$192B
$113M 0.39%
950,000
+24,303
+3% +$3.19M
PLTR icon
49
CALL
Palantir
PLTR
$381B
$110M 0.38%
+750,000
New +$115M
DIS icon
50
Walt Disney
DIS
$177B
$106M 0.37%
1,100,000
-26,894
-2% -$2.84M
1
2
3 4 5

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Hudson Bay Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Hudson Bay Capital Management held 1,717 positions worth $29B, down 4.5% from $30.3B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Hudson Bay Capital Management withdrew a net $1.03B in Q1 2026, closing 339 positions and reducing 288 holdings. Its most notable exit was CyberArk, an estimated $232M position sold in full.

By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 14% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Hudson Bay Capital Management opened a new position in UnitedHealth worth $189M.

  • Hudson Bay Capital Management's largest Q1 2026 buy was UnitedHealth: 700,000 shares worth $189M.
  • Hudson Bay Capital Management added most to Apple in Q1 2026, an estimated $221M increase.
  • Hudson Bay Capital Management's biggest Q1 2026 reduction was Alphabet (Google) Class A, cutting an estimated $217M.
  • Hudson Bay Capital Management fully exited CyberArk in Q1 2026, selling an estimated $232M.
  • Hudson Bay Capital Management's ten largest holdings make up 27% of its $29B portfolio in Q1 2026.
  • Hudson Bay Capital Management opened 560 new positions and closed 339 in Q1 2026.
  • Hudson Bay Capital Management's portfolio value fell 4.5% quarter-over-quarter to $29B.

Based on Hudson Bay Capital Management's 13F filing for Q1 2026, filed 13 May 2026.