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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
+498.47%
AUM
$29B
AUM Growth
-$1.36B
(-4.5%)
Cap. Flow
-$1.03B
Cap. Flow
% of AUM
-3.55%
Top 10 Holdings %
Top 10 Hldgs %
27.32%
Holding
1,717
New
560
Increased
295
Reduced
288
Closed
339
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$221M |
| 2 |
UnitedHealth
UNH
|
+$208M |
| 3 |
Micron Technology
MU
|
+$196M |
| 4 |
TSMC
TSM
|
+$173M |
| 5 |
Oracle
ORCL
|
+$134M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CYBR
CyberArk
CYBR
|
+$232M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$217M |
| 3 |
Vertiv
VRT
|
+$213M |
| 4 |
Costco
COST
|
+$188M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
LKSP
551
Lake Superior Acquisition Corp
LKSP
$160M
| $4.21M | 0.01% |
420,000
| – | – |
|
552
Reddit
RDDT
$29B
| $4.21M | 0.01% |
+31,272
| New | +$5.32M |
|
553
Allison Transmission
ALSN
$9.64B
| $4.15M | 0.01% |
+35,463
| New | +$4.03M |
|
|
PGAC
554
Pantages Capital Acquisition Corp
PGAC
| $4.15M | 0.01% |
395,572
| – | – |
|
555
Teekay Tankers
TNK
$2.67B
| $4.12M | 0.01% |
56,159
| – | – |
|
|
UNIT
556
Uniti Group
UNIT
$2.33B
| $4.11M | 0.01% |
+438,380
| New | +$3.44M |
|
|
BLUW
557
Blue Water Acquisition Corp III
BLUW
$335M
| $4.11M | 0.01% |
399,324
| – | – |
|
558
Scholar Rock
SRRK
$6.31B
| $4.1M | 0.01% |
83,450
-16,550
| -17% | -$742K |
|
559
Pool Corp
POOL
$7.31B
| $4.1M | 0.01% |
+20,265
| New | +$4.78M |
|
|
CCII
560
Cohen Circle Acquisition Corp II
CCII
$358M
| $4.09M | 0.01% |
400,000
-200,000
| -33% | -$2.05M |
|
561
Surf Air Mobility
SRFM
$89.7M
| $4.04M | 0.01% |
+3,510,638
| New | +$7.19M |
|
562
Williams Companies
WMB
$87.8B
| $4.04M | 0.01% |
+55,445
| New | +$3.84M |
|
563
Kimberly-Clark
KMB
$36.1B
| $4.03M | 0.01% |
+41,761
| New | +$4.27M |
|
|
YCY
564
AA Mission Acquisition Corp II
YCY
| $4.03M | 0.01% |
400,000
| – | – |
|
565
Arrowhead Research
ARWR
$12.1B
| $4.02M | 0.01% |
+64,143
| New | +$4.06M |
|
|
FVAV
566
Fortress Value Acquisition Corp V
FVAV
| $4.01M | 0.01% |
+400,000
| New | +$4.02M |
|
567
CALL
Qiagen
QGEN
$8.61B
| $4M | 0.01% |
+100,000
| New | +$4.73M |
|
|
KPET.U
568
KPET Ultra Paceline Corp Units
KPET.U
| $4M | 0.01% |
+400,000
| New | +$4M |
|
569
Asbury Automotive
ABG
$3.88B
| $4M | 0.01% |
+20,469
| New | +$4.54M |
|
|
BDCI
570
BTC Development Corp
BDCI
$351M
| $4M | 0.01% |
400,000
| – | – |
|
571
ATI
ATI
$30.5B
| $3.99M | 0.01% |
27,397
-64,499
| -70% | -$8.98M |
|
572
Icon
ICLR
$12.4B
| $3.98M | 0.01% |
36,000
-78,000
| -68% | -$10.7M |
|
573
Harmony Biosciences
HRMY
$2.26B
| $3.98M | 0.01% |
142,020
+3,520
| +3% | +$115K |
|
|
LEGO
574
Legato Merger Corp IV
LEGO
| $3.96M | 0.01% |
+399,999
| New | +$3.96M |
|
575
Applied Materials
AMAT
$419B
| $3.95M | 0.01% |
11,571
-7,940
| -41% | -$2.67M |
|
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PCH
N
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.