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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 | |
|---|---|---|---|---|---|---|
701
Northern Oil and Gas
NOG
$2.21B
| $2.48M | 0.01% |
84,820
-5,180
| -6% | -$134K |
|
|
BIXI
702
Bitcoin Infrastructure Acquisition Corp
BIXI
$302M
| $2.48M | 0.01% |
250,000
| – | – |
|
|
ITHA
703
ITHAX Acquisition Corp III
ITHA
| $2.48M | 0.01% |
+250,000
| New | +$2.47M |
|
|
SEM
704
DELISTED
Select Medical
SEM
| $2.46M | 0.01% |
+150,970
| New | +$2.36M |
|
|
KYIV
705
Kyivstar Group
KYIV
$3.09B
| $2.45M | 0.01% |
+242,507
| New | +$2.87M |
|
|
SCII
706
SC II Acquisition Corp
SCII
| $2.44M | 0.01% |
+244,376
| New | +$2.44M |
|
707
MasterBrand
MBC
$1.15B
| $2.44M | 0.01% |
+293,325
| New | +$3.17M |
|
708
Element Solutions
ESI
$9.37B
| $2.43M | 0.01% |
71,079
-70,989
| -50% | -$2.22M |
|
709
State Street Materials Select Sector SPDR ETF
XLB
$8.55B
| $2.41M | 0.01% |
48,170
-41,830
| -46% | -$2.1M |
|
710
Avalo Therapeutics
AVTX
$989M
| $2.41M | 0.01% |
161,087
+144,316
| +861% | +$2.26M |
|
711
CALL
NextNav
NN
$2.05B
| $2.4M | 0.01% |
+150,000
| New | +$2.43M |
|
712
James Hardie Industries
JHX
$16.2B
| $2.4M | 0.01% |
126,708
-51,472
| -29% | -$1.16M |
|
|
QUMS
713
Quantumsphere Acquisition Corp
QUMS
$113M
| $2.38M | 0.01% |
235,000
| – | – |
|
714
Funko
FNKO
$295M
| $2.36M | 0.01% |
750,000
| – | – |
|
715
Canadian Pacific Kansas City
CP
$79.3B
| $2.36M | 0.01% |
+30,000
| New | +$2.37M |
|
716
Zebra Technologies
ZBRA
$17.2B
| $2.35M | 0.01% |
11,255
-13,063
| -54% | -$3.07M |
|
|
FRMI
717
Fermi Inc
FRMI
$3.95B
| $2.34M | 0.01% |
+400,010
| New | +$3.5M |
|
|
KTWO
718
K2 Capital Acquisition Corp
KTWO
| $2.33M | 0.01% |
+236,560
| New | +$2.34M |
|
|
LKFT
719
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.71B
| $2.33M | 0.01% |
77,500
-92,500
| -54% | -$3.06M |
|
|
BKV
720
BKV Corp
BKV
$2.63B
| $2.31M | 0.01% |
+81,053
| New | +$2.35M |
|
|
GRFS
721
Grifois
GRFS
$5.33B
| $2.31M | 0.01% |
287,874
-49,395
| -15% | -$435K |
|
722
Olema Pharmaceuticals
OLMA
$1.03B
| $2.31M | 0.01% |
+154,770
| New | +$3.45M |
|
723
Outfront Media
OUT
$5.48B
| $2.3M | 0.01% |
86,836
+45,986
| +113% | +$1.2M |
|
724
Acumen Pharmaceuticals
ABOS
$165M
| $2.29M | 0.01% |
968,940
+243,940
| +34% | +$622K |
|
725
Landstar System
LSTR
$6.01B
| $2.28M | 0.01% |
14,220
-16,280
| -53% | -$2.5M |
|
Similar funds
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.