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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 | |
|---|---|---|---|---|---|---|
901
Sharplink Inc
SBET
$1.32B
| $818K | ﹤0.01% |
126,859
+43,209
| +52% | +$350K |
|
|
KDKRW
902
Kodiak AI Warrants
KDKRW
| $817K | ﹤0.01% |
756,494
+249,654
| +49% | +$338K |
|
|
IVA
903
Inventiva
IVA
$1.1B
| $807K | ﹤0.01% |
+145,459
| New | +$887K |
|
904
Concentrix
CNXC
$1.61B
| $795K | ﹤0.01% |
+29,054
| New | +$1.03M |
|
905
Rhythm Pharmaceuticals
RYTM
$7.72B
| $793K | ﹤0.01% |
+9,120
| New | +$887K |
|
906
TechnipFMC
FTI
$27.3B
| $790K | ﹤0.01% |
11,426
+2,200
| +24% | +$132K |
|
907
Mirum Pharmaceuticals
MIRM
$5.74B
| $788K | ﹤0.01% |
+8,530
| New | +$802K |
|
908
Goodyear
GT
$1.94B
| $779K | ﹤0.01% |
+117,460
| New | +$990K |
|
909
Unusual Machines
UMAC
$1.16B
| $770K | ﹤0.01% |
62,066
+13,220
| +27% | +$201K |
|
910
Intellia Therapeutics
NTLA
$1.57B
| $769K | ﹤0.01% |
60,000
-255,000
| -81% | -$3.25M |
|
|
AISPW
911
Airship AI Holdings Warrants
AISPW
$14.4M
| $761K | ﹤0.01% |
1,058,284
| – | – |
|
912
Murphy USA
MUSA
$9.9B
| $753K | ﹤0.01% |
+1,524
| New | +$653K |
|
913
Nektar Therapeutics
NKTR
$2.48B
| $743K | ﹤0.01% |
10,332
-49,359
| -83% | -$2.81M |
|
914
Blackbaud
BLKB
$2.1B
| $742K | ﹤0.01% |
+19,222
| New | +$960K |
|
|
ARX
915
Accelerant Holdings
ARX
$2.68B
| $738K | ﹤0.01% |
55,276
+23,026
| +71% | +$291K |
|
|
FPS
916
CALL
Forgent Power Solutions
FPS
$9.81B
| $732K | ﹤0.01% |
+25,000
| New | +$832K |
|
917
CALL
BigBear.ai
BBAI
$1.44B
| $729K | ﹤0.01% |
+207,000
| New | +$961K |
|
918
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.52B
| $722K | ﹤0.01% |
+3,970
| New | +$598K |
|
919
Kratos Defense & Security Solutions
KTOS
$10.8B
| $721K | ﹤0.01% |
10,221
-11,877
| -54% | -$1.14M |
|
920
Rigetti Computing Warrants
RGTIW
$150M
| $714K | ﹤0.01% |
129,979
+65,183
| +101% | +$574K |
|
921
Coty
COTY
$2.39B
| $714K | ﹤0.01% |
+355,014
| New | +$954K |
|
|
MANE
922
Veradermics Inc
MANE
$4.54B
| $700K | ﹤0.01% |
+11,079
| New | +$559K |
|
923
Atour Lifestyle Holdings
ATAT
$4.82B
| $699K | ﹤0.01% |
19,000
| – | – |
|
924
Lightwave Logic
LWLG
$1.17B
| $697K | ﹤0.01% |
99,098
+37,888
| +62% | +$180K |
|
|
IAUX
925
i-80 Gold Corp
IAUX
$1.31B
| $691K | ﹤0.01% |
+454,856
| New | +$778K |
|
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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.