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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
+3.26%
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
$30.3B
AUM Growth
+$259M
Cap. Flow
+$4.21M
Cap. Flow %
0.01%
Top 10 Hldgs %
25.78%
Holding
1,635
New
443
Increased
264
Reduced
288
Closed
475

Top Buys

Rank Stock Value
1
PLTR icon
Palantir
PLTR
+$412M
2
MSFT icon
Microsoft
MSFT
+$384M
3
NFLX icon
Netflix
NFLX
+$293M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$253M
5
AVGO icon
Broadcom
AVGO
+$190M

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$421M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$172M
3
TSM icon
TSMC
TSM
+$149M
4
K
Kellanova
K
+$100M
5
UNH icon
UnitedHealth
UNH
+$86.3M

Sector Composition

Rank Sector Weight
1 Technology 14.06%
2 Financials 8.07%
3 Consumer Discretionary 6.89%
4 Healthcare 5.17%
5 Communication Services 4.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QNCX icon
951
Quince Therapeutics
QNCX
$33.7M
$213K ﹤0.01%
+317
New +$160K
OBIO icon
952
Orchestra BioMed
OBIO
$267M
$205K ﹤0.01%
+49,425
New +$199K
QIPT
953
DELISTED
Quipt Home Medical
QIPT
$205K ﹤0.01%
+58,012
New +$154K
CRC icon
954
California Resources
CRC
$4.68B
$200K ﹤0.01%
+4,484
New +$213K
SMMT icon
955
Summit Therapeutics
SMMT
$11.2B
$200K ﹤0.01%
+11,440
New +$215K
MDXH icon
956
MDxHealth
MDXH
$23.7M
$199K ﹤0.01%
55,658
+40,692
+272% +$161K
DJT icon
957
Trump Media & Technology Group
DJT
$2.31B
$199K ﹤0.01%
+15,000
New +$205K
FWDI
958
Forward Industries Inc
FWDI
$306M
$199K ﹤0.01%
+30,042
New +$386K
LWLG icon
959
Lightwave Logic
LWLG
$1.12B
$198K ﹤0.01%
+61,210
New +$272K
CLYM
960
Climb Bio
CLYM
$845M
$195K ﹤0.01%
+48,736
New +$117K
TACOW
961
Berto Acquisition Corp Warrant
TACOW
$193K ﹤0.01%
521,341
+101,599
+24% +$51.6K
EVLVW
962
DELISTED
Evolv Technologies Warrant
EVLVW
$190K ﹤0.01%
636,678
+265,000
+71% +$119K
MRK icon
963
Merck
MRK
$335B
$189K ﹤0.01%
1,800
-103,455
-98% -$9.71M
CCIX
964
DELISTED
Churchill Capital Corp IX
CCIX
$182K ﹤0.01%
17,159
– –
BZAIW
965
Blaize Holdings Warrants
BZAIW
$6.11M
$182K ﹤0.01%
455,888
+124,888
+38% +$87.9K
IMMX icon
966
Immix Biopharma
IMMX
$776M
$176K ﹤0.01%
+33,649
New +$138K
IPEXR
967
Inflection Point Acquisition Corp V Rights
IPEXR
$174K ﹤0.01%
217,043
-232,957
-52% -$200K
SND icon
968
Smart Sand
SND
$213M
$173K ﹤0.01%
+43,304
New +$122K
SES icon
969
SES AI
SES
$229M
$173K ﹤0.01%
+95,957
New +$215K
PCG icon
970
CALL
PG&E
PCG
$38.5B
$169K ﹤0.01%
10,500
– –
GIFI
971
DELISTED
Gulf Island Fabrication
GIFI
$167K ﹤0.01%
+13,926
New +$140K
GNLX icon
972
Genelux
GNLX
$118M
$165K ﹤0.01%
+37,735
New +$204K
SOXS icon
973
PUT
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.39B
$163K ﹤0.01%
261
-13,520
-98% -$9.93M
MNTN
974
MNTN Inc
MNTN
$917M
$160K ﹤0.01%
+13,436
New +$194K
KCHVR
975
Kochav Defense Acquisition Corp Right
KCHVR
$156K ﹤0.01%
650,000
– –
37 38
39
40 41

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Hudson Bay Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Hudson Bay Capital Management held 1,635 positions worth $30.3B, up 0.86% from $30.1B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Hudson Bay Capital Management's Q4 2025 filing shows 443 new, 264 increased, 288 reduced and 475 closed positions. Its largest new stake was Vertiv: 964,604 shares worth $156M. The largest sale was Amazon, an estimated $421M.

By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 11% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Hudson Bay Capital Management's largest Q4 2025 buy was Vertiv: 964,604 shares worth $156M.
  • Hudson Bay Capital Management added most to Palantir in Q4 2025, an estimated $412M increase.
  • Hudson Bay Capital Management's biggest Q4 2025 reduction was Amazon, cutting an estimated $421M.
  • Hudson Bay Capital Management fully exited Kellanova in Q4 2025, selling an estimated $100M.
  • Hudson Bay Capital Management's ten largest holdings make up 26% of its $30.3B portfolio in Q4 2025.
  • Hudson Bay Capital Management opened 443 new positions and closed 475 in Q4 2025.
  • Hudson Bay Capital Management's portfolio value rose 0.86% quarter-over-quarter to $30.3B.

Based on Hudson Bay Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.