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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
COLA
651
Columbus Acquisition Corp
COLA
$48.2M
$3.06M 0.01%
300,000
– –
CORZ icon
652
Core Scientific
CORZ
$6.36B
$3.06M 0.01%
170,466
+45,466
+36% +$667K
EAT icon
653
CALL
Brinker International
EAT
$10.2B
$3.04M 0.01%
+24,000
New +$3.75M
LCCC
654
Lakeshore Acquisition III Corp
LCCC
$93.4M
$3.03M 0.01%
300,000
– –
REZI icon
655
Resideo Technologies
REZI
$3.1B
$3.02M 0.01%
+69,985
New +$2.19M
RDDT icon
656
Reddit
RDDT
$30.4B
$3.02M 0.01%
13,134
-4,167
-24% -$850K
MKLYU
657
McKinley Acquisition Corp Units
MKLYU
$3M 0.01%
+300,000
New +$3M
EMISU
658
DELISTED
Emmis Acquisition Corp Units
EMISU
$2.99M 0.01%
+300,000
New +$3M
CMPOW
659
DELISTED
CompoSecure Inc Warrant
CMPOW
$2.97M 0.01%
232,127
-196,330
-46% -$1.85M
HGV icon
660
Hilton Grand Vacations
HGV
$3.49B
$2.97M 0.01%
+70,952
New +$3.27M
KEX icon
661
Kirby Corp
KEX
$7.26B
$2.97M 0.01%
35,539
-164,968
-82% -$16.6M
LQDA icon
662
CALL
Liquidia Corp
LQDA
$6.45B
$2.96M 0.01%
+130,000
New +$2.82M
NOEM
663
CO2 Energy Transition Corp
NOEM
$2.94M 0.01%
290,000
– –
KDP icon
664
Keurig Dr Pepper
KDP
$42.3B
$2.93M 0.01%
114,713
-430,515
-79% -$13.5M
TRS icon
665
TriMas Corp
TRS
$1.39B
$2.92M 0.01%
+75,473
New +$2.68M
XLE icon
666
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
$2.91M 0.01%
+65,036
New +$2.85M
SNAP icon
667
CALL
Snap
SNAP
$8.96B
$2.9M 0.01%
375,500
-24,500
-6% -$203K
TKR icon
668
Timken Company
TKR
$9.1B
$2.88M 0.01%
+38,294
New +$2.95M
MLYS icon
669
Mineralys Therapeutics
MLYS
$2.31B
$2.87M 0.01%
+75,768
New +$1.64M
CASY icon
670
Casey's General Stores
CASY
$31.6B
$2.86M 0.01%
+5,052
New +$2.64M
AA icon
671
Alcoa
AA
$13.1B
$2.83M 0.01%
86,165
-43,993
-34% -$1.37M
NPAC
672
New Providence Acquisition Corp III
NPAC
$403M
$2.83M 0.01%
+278,606
New +$2.82M
RGEN icon
673
Repligen
RGEN
$9.45B
$2.81M 0.01%
+21,003
New +$2.55M
DRDB
674
Roman DBDR Acquisition Corp II
DRDB
$326M
$2.77M 0.01%
268,440
-80,780
-23% -$830K
BSAA
675
BEST SPAC I Acquisition Corp
BSAA
$83.8M
$2.77M 0.01%
+275,000
New +$2.76M
25 26
27
28 29

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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.