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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
TMUS icon
51
PUT
T-Mobile US
TMUS
$195B
$95.8M 0.32%
400,000
+372,200
+1,339% +$90.1M
VNO icon
52
Vornado Realty Trust
VNO
$7.33B
$95.6M 0.32%
2,358,316
+869,197
+58% +$33.9M
SMH icon
53
CALL
VanEck Semiconductor ETF
SMH
$70.5B
$93.3M 0.31%
285,800
+245,800
+615% +$72.8M
LLY icon
54
PUT
Eli Lilly
LLY
$1.09T
$91.6M 0.3%
120,000
-104,900
-47% -$78.1M
PLTR icon
55
PUT
Palantir
PLTR
$416B
$91.2M 0.3%
500,000
-585,000
-54% -$94.8M
SLG icon
56
SL Green Realty
SLG
$3.95B
$87.3M 0.29%
1,460,373
+957,040
+190% +$56.7M
UNH icon
57
UnitedHealth
UNH
$368B
$86.3M 0.29%
250,000
-86,300
-26% -$26.1M
UNH icon
58
PUT
UnitedHealth
UNH
$368B
$86.3M 0.29%
250,000
-86,300
-26% -$26.1M
AAL icon
59
PUT
American Airlines Group
AAL
$10.2B
$77M 0.26%
6,847,900
+250,700
+4% +$3.09M
IBIT icon
60
CALL
iShares Bitcoin Trust
IBIT
$47.3B
$75.5M 0.25%
1,161,500
-796,900
-41% -$51.8M
EW icon
61
Edwards Lifesciences
EW
$53.8B
$72.5M 0.24%
932,720
-1,729
-0.2% -$135K
LLY icon
62
CALL
Eli Lilly
LLY
$1.09T
$72.5M 0.24%
95,000
+92,200
+3,293% +$68.6M
MRUS
63
DELISTED
Merus
MRUS
$69.7M 0.23%
740,394
+725,843
+4,988% +$47.3M
COST icon
64
PUT
Costco
COST
$417B
$69.4M 0.23%
75,000
+65,900
+724% +$63.2M
GOOG icon
65
PUT
Alphabet (Google) Class C
GOOG
$4.27T
$69.2M 0.23%
+284,000
New +$59.7M
SLB icon
66
SLB Ltd
SLB
$79.6B
$69M 0.23%
2,007,420
+1,660,865
+479% +$57.8M
SLB icon
67
PUT
SLB Ltd
SLB
$79.6B
$68.7M 0.23%
+2,000,000
New +$69.6M
NTST
68
NETSTREIT Corp
NTST
$2.04B
$68.5M 0.23%
3,794,639
+986,842
+35% +$17.8M
WDAY icon
69
Workday
WDAY
$45.1B
$66.6M 0.22%
+276,648
New +$64M
GTLS
70
DELISTED
Chart Industries
GTLS
$66.1M 0.22%
330,360
+323,400
+4,647% +$61.5M
BTU icon
71
Peabody Energy
BTU
$2.99B
$64.2M 0.21%
2,422,266
+546,018
+29% +$9.73M
COIN icon
72
PUT
Coinbase
COIN
$39.3B
$62.8M 0.21%
186,200
+36,200
+24% +$12.3M
HOOD icon
73
Robinhood
HOOD
$84.3B
$62.4M 0.21%
436,104
-293,328
-40% -$32M
ABNB icon
74
Airbnb
ABNB
$111B
$61.8M 0.21%
508,574
-206,035
-29% -$26.7M
BRX icon
75
Brixmor Property Group
BRX
$9.11B
$61.1M 0.2%
2,208,388
-36,885
-2% -$987K
1 2
3
4 5

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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.