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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
RXO icon
726
RXO
RXO
$3.85B
$2.08M 0.01%
+135,494
New +$2.18M
ASPC
727
A SPAC III Acquisition Corp
ASPC
$24.8M
$2.07M 0.01%
200,000
– –
AMPX.WS icon
728
Amprius Technologies Warrants
AMPX.WS
$564M
$2.06M 0.01%
+563,582
New +$1.2M
TPG icon
729
TPG
TPG
$8.86B
$2.06M 0.01%
+35,835
New +$2.12M
WIX icon
730
WIX.com
WIX
$3.35B
$2.04M 0.01%
+11,458
New +$1.72M
SARO
731
StandardAero Inc
SARO
$8.97B
$2.03M 0.01%
74,351
-163,000
-69% -$4.57M
CCAQ
732
Collective Acquisition Corp
CCAQ
$213M
$2.02M 0.01%
200,000
– –
NKE icon
733
Nike
NKE
$61.2B
$2.01M 0.01%
28,797
+15,063
+110% +$1.12M
JD icon
734
JD.com
JD
$39.6B
$2M 0.01%
57,242
-17,742
-24% -$578K
HCA icon
735
HCA Healthcare
HCA
$89.1B
$2M 0.01%
4,693
+2,849
+155% +$1.1M
CURB
736
Curbline Properties
CURB
$3.46B
$1.99M 0.01%
89,196
-755,539
-89% -$17M
NVT icon
737
PUT
nVent Electric
NVT
$27.5B
$1.97M 0.01%
+20,000
New +$1.74M
OLLI icon
738
CALL
Ollie's Bargain Outlet
OLLI
$4.7B
$1.95M 0.01%
+15,200
New +$2.02M
KKR icon
739
PUT
KKR & Co
KKR
$103B
$1.95M 0.01%
+15,000
New +$2.13M
POLE
740
Andretti Acquisition Corp II
POLE
$319M
$1.94M 0.01%
185,000
– –
RGNX icon
741
Regenxbio
RGNX
$704M
$1.93M 0.01%
200,000
-20,000
-9% -$177K
CC icon
742
Chemours
CC
$2.3B
$1.93M 0.01%
+121,537
New +$1.76M
FER icon
743
Ferrovial N.V. Ordinary Shares
FER
$46.5B
$1.9M 0.01%
+32,654
New +$1.76M
WBI
744
WaterBridge Infrastructure LLC
WBI
$1.47B
$1.89M 0.01%
+75,000
New +$1.76M
GIS icon
745
General Mills
GIS
$20.8B
$1.86M 0.01%
+36,959
New +$1.85M
CNR
746
Core Natural Resources Inc
CNR
$4.64B
$1.86M 0.01%
22,294
-12,752
-36% -$955K
SPGI icon
747
S&P Global
SPGI
$125B
$1.84M 0.01%
3,774
-25,982
-87% -$13.9M
ZBRA icon
748
Zebra Technologies
ZBRA
$18B
$1.83M 0.01%
+6,173
New +$1.97M
APLE icon
749
CALL
Apple Hospitality REIT
APLE
$3.75B
$1.83M 0.01%
+152,500
New +$1.88M
DAVE icon
750
Dave Inc
DAVE
$4.26B
$1.83M 0.01%
+9,162
New +$1.98M
28 29
30
31 32

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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.