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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
-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
Cap. Flow
-$1.03B
Cap. Flow %
-3.55%
Top 10 Hldgs %
27.32%
Holding
1,717
New
560
Increased
295
Reduced
288
Closed
339

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$221M
2
UNH icon
UnitedHealth
UNH
+$208M
3
MU icon
Micron Technology
MU
+$196M
4
TSM icon
TSMC
TSM
+$173M
5
ORCL icon
Oracle
ORCL
+$134M

Top Sells

Rank Stock Value
1
CYBR
CyberArk
CYBR
+$232M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$217M
3
VRT icon
Vertiv
VRT
+$213M
4
COST icon
Costco
COST
+$188M
5
BP icon
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
LPBB
676
Launch Two Acquisition Corp
LPBB
$310M
$2.67M 0.01%
251,261
– –
MRTN icon
677
Marten Transport
MRTN
$1.21B
$2.67M 0.01%
203,107
+72,795
+56% +$934K
XSLL
678
Xsolla SPAC 1
XSLL
$274M
$2.66M 0.01%
+270,000
New +$2.65M
MCHP icon
679
Microchip Technology
MCHP
$40.4B
$2.65M 0.01%
+41,034
New +$2.95M
LQDA icon
680
CALL
Liquidia Corp
LQDA
$7.95B
$2.64M 0.01%
+70,000
New +$2.6M
RIBB
681
Ribbon Acquisition Corp
RIBB
$2.63M 0.01%
250,000
– –
NHIC
682
NewHold Investment Corp III
NHIC
$294M
$2.61M 0.01%
251,221
-252,262
-50% -$2.62M
CYTK icon
683
Cytokinetics
CYTK
$11B
$2.6M 0.01%
39,470
-135,880
-77% -$8.64M
MDT icon
684
Medtronic
MDT
$110B
$2.6M 0.01%
30,000
-15,000
-33% -$1.44M
SG icon
685
Sweetgreen
SG
$698M
$2.6M 0.01%
500,000
– –
QURE icon
686
uniQure
QURE
$3.15B
$2.59M 0.01%
158,500
+33,000
+26% +$668K
EVAC
687
EQV Ventures Acquisition Corp II
EVAC
$2.58M 0.01%
255,284
-805,088
-76% -$8.11M
AXSM icon
688
Axsome Therapeutics
AXSM
$10.8B
$2.57M 0.01%
+15,220
New +$2.63M
DAAQ
689
Digital Asset Acquisition Corp
DAAQ
$199M
$2.56M 0.01%
250,000
– –
IGAC
690
Invest Green Acquisition Corp
IGAC
$2.55M 0.01%
256,601
+200
+0.1% +$1.98K
TRP icon
691
TC Energy
TRP
$66.6B
$2.54M 0.01%
+40,591
New +$2.45M
GLXY
692
Galaxy Digital Inc
GLXY
$3.74B
$2.54M 0.01%
137,617
+123,877
+902% +$2.94M
BLZR
693
Trailblazer Acquisition Corp
BLZR
$349M
$2.54M 0.01%
252,518
– –
SSEA
694
Starry Sea Acquisition Corp
SSEA
$78.5M
$2.54M 0.01%
250,000
– –
BCAR
695
D. Boral ARC Acquisition I Corp
BCAR
$196M
$2.53M 0.01%
250,000
-650,000
-72% -$6.6M
VAL.WS icon
696
Valaris Ltd Warrants
VAL.WS
$634M
$2.53M 0.01%
+158,098
New +$1.42M
PFE icon
697
Pfizer
PFE
$149B
$2.53M 0.01%
90,000
-85,000
-49% -$2.26M
MO icon
698
Altria Group
MO
$113B
$2.52M 0.01%
+38,177
New +$2.46M
PACH
699
Pioneer Acquisition I Corp
PACH
$292M
$2.5M 0.01%
246,000
– –
AXTA icon
700
Axalta
AXTA
$8.03B
$2.49M 0.01%
89,756
-25,000
-22% -$793K
26 27
28
29 30

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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.