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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
CYBR
26
DELISTED
CyberArk
CYBR
$230M 0.77%
+476,630
New +$205M
HOOD icon
27
PUT
Robinhood
HOOD
$85B
$229M 0.76%
1,600,000
+40,000
+3% +$4.36M
AAPL icon
28
CALL
Apple
AAPL
$4.5T
$224M 0.74%
880,000
+784,500
+821% +$177M
SMH icon
29
PUT
VanEck Semiconductor ETF
SMH
$70.1B
$215M 0.71%
658,200
+443,200
+206% +$131M
TSLA icon
30
CALL
Tesla
TSLA
$1.31T
$202M 0.67%
454,600
-717,900
-61% -$249M
TSM icon
31
TSMC
TSM
$2.17T
$201M 0.67%
720,931
+660,610
+1,095% +$162M
TSM icon
32
PUT
TSMC
TSM
$2.17T
$174M 0.58%
+622,500
New +$152M
DLTR icon
33
Dollar Tree
DLTR
$24.9B
$166M 0.55%
1,756,376
-47,170
-3% -$5.05M
EA
34
DELISTED
Electronic Arts
EA
$159M 0.53%
788,049
+753,835
+2,203% +$125M
IBIT icon
35
iShares Bitcoin Trust
IBIT
$47.6B
$156M 0.52%
2,406,578
+1,457,757
+154% +$94.8M
BP icon
36
BP
BP
$110B
$156M 0.52%
4,515,000
-310,000
-6% -$10.4M
MSTR icon
37
Strategy Inc
MSTR
$38.3B
$147M 0.49%
457,611
-733,747
-62% -$272M
MSTR icon
38
CALL
Strategy Inc
MSTR
$38.3B
$135M 0.45%
420,200
+394,800
+1,554% +$146M
DASH icon
39
DoorDash
DASH
$90.9B
$124M 0.41%
455,329
-143,171
-24% -$35.9M
NFLX icon
40
Netflix
NFLX
$318B
$124M 0.41%
+1,030,490
New +$126M
WDAY icon
41
PUT
Workday
WDAY
$45.5B
$120M 0.4%
+500,000
New +$116M
COST icon
42
Costco
COST
$423B
$119M 0.39%
128,045
+121,293
+1,796% +$116M
DASH icon
43
PUT
DoorDash
DASH
$90.9B
$118M 0.39%
435,000
+235,000
+118% +$58.9M
TMUS icon
44
T-Mobile US
TMUS
$191B
$112M 0.37%
466,612
+436,294
+1,439% +$106M
BA icon
45
PUT
Boeing
BA
$184B
$105M 0.35%
487,500
+27,500
+6% +$6.2M
GOOG icon
46
Alphabet (Google) Class C
GOOG
$4.35T
$105M 0.35%
430,118
+203,867
+90% +$42.9M
ANET icon
47
Arista Networks
ANET
$242B
$101M 0.34%
693,427
-15,446
-2% -$1.99M
FLUT icon
48
Flutter Entertainment
FLUT
$16.4B
$100M 0.33%
395,120
+23,237
+6% +$6.8M
K
49
DELISTED
Kellanova
K
$100M 0.33%
1,219,143
+894,143
+275% +$71.1M
CUZ icon
50
Cousins Properties
CUZ
$4.83B
$96M 0.32%
3,315,646
+555,696
+20% +$15.8M
1
2
3 4 5

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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.