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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
FIGR
601
Figure Technology Solutions
FIGR
$7.05B
$3.84M 0.01%
+105,625
New +$4.1M
WCC
602
WESCO International
WCC
$17.5B
$3.84M 0.01%
+18,148
New +$3.81M
PHIN icon
603
Phinia Inc
PHIN
$2.7B
$3.83M 0.01%
66,623
-59,109
-47% -$3.19M
PKG icon
604
Packaging Corp of America
PKG
$22.9B
$3.81M 0.01%
17,466
-27,779
-61% -$5.73M
BLK icon
605
Blackrock
BLK
$183B
$3.79M 0.01%
+3,252
New +$3.64M
VRDN icon
606
Viridian Therapeutics
VRDN
$2.49B
$3.78M 0.01%
175,251
+55,689
+47% +$1M
VRT icon
607
PUT
Vertiv
VRT
$111B
$3.77M 0.01%
+25,000
New +$3.33M
TVAI
608
Thayer Ventures Acquisition Corporation II
TVAI
$283M
$3.76M 0.01%
+375,000
New +$3.76M
BACC
609
Blue Acquisition Corp
BACC
$295M
$3.75M 0.01%
+375,000
New +$3.74M
CR icon
610
Crane Co
CR
$12.7B
$3.71M 0.01%
+20,140
New +$3.8M
CRAQ
611
Cal Redwood Acquisition Corp
CRAQ
$3.68M 0.01%
368,363
– –
MLM icon
612
Martin Marietta Materials
MLM
$32.7B
$3.65M 0.01%
+5,785
New +$3.45M
ABUS icon
613
Arbutus Biopharma
ABUS
$906M
$3.63M 0.01%
800,000
-165,000
-17% -$606K
HST icon
614
CALL
Host Hotels & Resorts
HST
$15.6B
$3.62M 0.01%
+212,500
New +$3.53M
HST icon
615
PUT
Host Hotels & Resorts
HST
$15.6B
$3.62M 0.01%
+212,500
New +$3.53M
GNTX icon
616
Gentex
GNTX
$4.99B
$3.61M 0.01%
+127,657
New +$3.39M
ETHE
617
Grayscale Ethereum Staking ETF Shares
ETHE
$1.53B
$3.57M 0.01%
+104,306
New +$3.38M
PFE icon
618
Pfizer
PFE
$153B
$3.57M 0.01%
140,165
-25,872
-16% -$639K
FCX icon
619
CALL
Freeport-McMoran
FCX
$93.6B
$3.53M 0.01%
+90,000
New +$3.9M
DDI
620
DoubleDown Interactive
DDI
$618M
$3.52M 0.01%
376,436
-225,385
-37% -$2.15M
CPA icon
621
Copa Holdings
CPA
$6.17B
$3.51M 0.01%
29,582
+12,582
+74% +$1.44M
ADT icon
622
PUT
ADT
ADT
$5.46B
$3.48M 0.01%
+400,000
New +$3.43M
BX icon
623
PUT
Blackstone
BX
$112B
$3.42M 0.01%
+20,000
New +$3.43M
MACI
624
Melar Acquisition Corp I
MACI
$236M
$3.42M 0.01%
325,000
– –
EL icon
625
Estee Lauder
EL
$31.6B
$3.4M 0.01%
+38,639
New +$3.44M
23 24
25
26 27

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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.