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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 | |
|---|---|---|---|---|---|---|
|
PCAP
726
ProCap Acquisition Corp
PCAP
$327M
| $2.27M | 0.01% |
223,039
| – | – |
|
727
Alcon
ALC
$33.9B
| $2.26M | 0.01% |
30,000
-5,000
| -14% | -$399K |
|
|
PLMK
728
Plum Acquisition Corp IV
PLMK
$256M
| $2.24M | 0.01% |
212,406
-300,083
| -59% | -$3.15M |
|
729
J.M. Smucker
SJM
$12.7B
| $2.24M | 0.01% |
23,233
-72,525
| -76% | -$7.59M |
|
|
LFAC
730
Leapfrog Acquisition Corp
LFAC
$193M
| $2.23M | 0.01% |
+225,000
| New | +$2.24M |
|
731
Owens Corning
OC
$11.9B
| $2.23M | 0.01% |
20,564
-5,040
| -20% | -$601K |
|
|
BIII
732
Black Spade Acquisition III Co
BIII
$229M
| $2.21M | 0.01% |
+225,000
| New | +$2.23M |
|
733
PUT
Flowserve
FLS
$10B
| $2.21M | 0.01% |
+30,000
| New | +$2.38M |
|
734
AGNC Investment
AGNC
$12.6B
| $2.15M | 0.01% |
+214,285
| New | +$2.37M |
|
735
Critical Metals Corp Warrants
CRMLW
$17.6M
| $2.12M | 0.01% |
614,669
-16,573
| -3% | -$91.6K |
|
736
Alignment Healthcare
ALHC
$2.78B
| $2.12M | 0.01% |
+120,250
| New | +$2.42M |
|
737
Hudbay
HBM
$11.7B
| $2.12M | 0.01% |
101,060
+26,060
| +35% | +$609K |
|
738
Royal Caribbean
RCL
$85.7B
| $2.11M | 0.01% |
+7,679
| New | +$2.29M |
|
739
CALL
Wave Life Sciences
WVE
$1.19B
| $2.11M | 0.01% |
+290,400
| New | +$3.78M |
|
740
Ceco Environmental
CECO
$4.01B
| $2.09M | 0.01% |
+35,000
| New | +$2.25M |
|
|
PL.WS
741
DELISTED
Planet Labs PBC Warrants
PL.WS
| $2.07M | 0.01% |
126,101
+10,041
| +9% | +$141K |
|
742
CALL
IMAX
IMAX
$2.73B
| $2.07M | 0.01% |
+54,500
| New | +$2.02M |
|
|
JBS
743
JBS N.V.
JBS
$45B
| $2.07M | 0.01% |
+115,100
| New | +$1.79M |
|
744
Applied Optoelectronics
AAOI
$9.97B
| $2.07M | 0.01% |
+24,437
| New | +$1.56M |
|
|
CCAQ
745
Collective Acquisition Corp
CCAQ
$212M
| $2.07M | 0.01% |
200,000
| – | – |
|
746
Atkore
ATKR
$3.16B
| $2.06M | 0.01% |
34,946
-46,544
| -57% | -$3.03M |
|
747
Teledyne Technologies
TDY
$31.9B
| $2.02M | 0.01% |
3,346
-18,476
| -85% | -$11.5M |
|
|
CEPS
748
Cantor Equity Partners VI
CEPS
| $2.02M | 0.01% |
+200,000
| New | +$2.02M |
|
749
Life Time Group Holdings
LTH
$9.72B
| $2.02M | 0.01% |
74,934
-216,988
| -74% | -$6M |
|
750
DoorDash
DASH
$92.4B
| $2.01M | 0.01% |
13,399
-205,601
| -94% | -$38M |
|
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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.