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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
+3.26%
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
$30.3B
AUM Growth
+$259M
Cap. Flow
+$4.21M
Cap. Flow %
0.01%
Top 10 Hldgs %
25.78%
Holding
1,635
New
443
Increased
264
Reduced
288
Closed
475

Top Buys

Rank Stock Value
1
PLTR icon
Palantir
PLTR
+$412M
2
MSFT icon
Microsoft
MSFT
+$384M
3
NFLX icon
Netflix
NFLX
+$293M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$253M
5
AVGO icon
Broadcom
AVGO
+$190M

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$421M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$172M
3
TSM icon
TSMC
TSM
+$149M
4
K
Kellanova
K
+$100M
5
UNH icon
UnitedHealth
UNH
+$86.3M

Sector Composition

Rank Sector Weight
1 Technology 14.06%
2 Financials 8.07%
3 Consumer Discretionary 6.89%
4 Healthcare 5.17%
5 Communication Services 4.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BCAX
651
Bicara Therapeutics
BCAX
$1.63B
$2.52M 0.01%
+150,000
New +$2.56M
NKTR icon
652
Nektar Therapeutics
NKTR
$2.57B
$2.52M 0.01%
59,691
-47,987
-45% -$2.69M
IGAC
653
Invest Green Acquisition Corp
IGAC
$240M
$2.52M 0.01%
+256,401
New +$2.53M
SSEA
654
Starry Sea Acquisition Corp
SSEA
$2.51M 0.01%
+250,000
New +$2.49M
LWAC
655
LightWave Acquisition Corp
LWAC
$309M
$2.5M 0.01%
249,000
– –
ITHAU
656
ITHAX Acquisition Corp III Units
ITHAU
$2.49M 0.01%
+250,000
New +$2.49M
PACH
657
Pioneer Acquisition I Corp
PACH
$293M
$2.47M 0.01%
246,000
– –
BIXI
658
Bitcoin Infrastructure Acquisition Corp
BIXI
$302M
$2.46M 0.01%
+250,000
New +$2.46M
SCIIU
659
SC II Acquisition Corp Units
SCIIU
$2.46M 0.01%
+244,376
New +$2.46M
CDW icon
660
CDW
CDW
$17.1B
$2.46M 0.01%
+18,060
New +$2.66M
AVAV icon
661
AeroVironment
AVAV
$9.8B
$2.45M 0.01%
10,133
+9,768
+2,676% +$3.07M
SMH icon
662
PUT
VanEck Semiconductor ETF
SMH
$72.3B
$2.41M 0.01%
6,700
-651,500
-99% -$229M
GFS icon
663
GlobalFoundries
GFS
$29.2B
$2.41M 0.01%
+69,010
New +$2.45M
GATX icon
664
GATX Corp
GATX
$6.35B
$2.37M 0.01%
+13,955
New +$2.3M
MKTX icon
665
MarketAxess Holdings
MKTX
$5.72B
$2.37M 0.01%
13,054
-919
-7% -$157K
IP icon
666
CALL
International Paper
IP
$21.9B
$2.36M 0.01%
+60,000
New +$2.47M
QUMS
667
Quantumsphere Acquisition Corp
QUMS
$113M
$2.35M 0.01%
235,000
– –
TEVA icon
668
Teva Pharmaceuticals
TEVA
$42.9B
$2.34M 0.01%
75,000
-150,000
-67% -$3.7M
TXRH icon
669
CALL
Texas Roadhouse
TXRH
$14B
$2.32M 0.01%
+14,000
New +$2.37M
FCX icon
670
Freeport-McMoran
FCX
$97B
$2.29M 0.01%
45,145
-64,400
-59% -$2.79M
NTSK
671
Netskope Inc
NTSK
$6.12B
$2.28M 0.01%
129,916
-129,243
-50% -$2.7M
PAII
672
Pyrophyte Acquisition Corp II
PAII
$2.26M 0.01%
225,000
– –
PCAP
673
ProCap Acquisition Corp
PCAP
$327M
$2.26M 0.01%
223,039
-100,000
-31% -$1.02M
LFACU
674
Leapfrog Acquisition Corp Units
LFACU
$2.25M 0.01%
+225,000
New +$2.25M
WLK icon
675
Westlake Corp
WLK
$10.1B
$2.25M 0.01%
30,443
+26,947
+771% +$1.92M
25 26
27
28 29

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Hudson Bay Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Hudson Bay Capital Management held 1,635 positions worth $30.3B, up 0.86% from $30.1B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Hudson Bay Capital Management's Q4 2025 filing shows 443 new, 264 increased, 288 reduced and 475 closed positions. Its largest new stake was Vertiv: 964,604 shares worth $156M. The largest sale was Amazon, an estimated $421M.

By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 11% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Hudson Bay Capital Management's largest Q4 2025 buy was Vertiv: 964,604 shares worth $156M.
  • Hudson Bay Capital Management added most to Palantir in Q4 2025, an estimated $412M increase.
  • Hudson Bay Capital Management's biggest Q4 2025 reduction was Amazon, cutting an estimated $421M.
  • Hudson Bay Capital Management fully exited Kellanova in Q4 2025, selling an estimated $100M.
  • Hudson Bay Capital Management's ten largest holdings make up 26% of its $30.3B portfolio in Q4 2025.
  • Hudson Bay Capital Management opened 443 new positions and closed 475 in Q4 2025.
  • Hudson Bay Capital Management's portfolio value rose 0.86% quarter-over-quarter to $30.3B.

Based on Hudson Bay Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.