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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
VACHW
1151
DELISTED
Voyager Acquisition Corp Warrants
VACHW
$17K ﹤0.01%
100,000
– –
GTERW
1152
Globa Terra Acquisition Corp Warrants
GTERW
$16.3K ﹤0.01%
+112,500
New +$15K
BAYAR
1153
DELISTED
Bayview Acquisition Corp Right
BAYAR
$16K ﹤0.01%
100,000
– –
WTGUR
1154
Wintergreen Acquisition Corp Rights
WTGUR
$16K ﹤0.01%
+100,000
New +$14.2K
ATIIW
1155
Archimedes Tech SPAC Partners II Co Warrant
ATIIW
$17.3M
$15.6K ﹤0.01%
39,994
– –
FGIWW
1156
FGI Industries Warrant
FGIWW
$401K
$15.1K ﹤0.01%
160,372
– –
DHAIW
1157
DELISTED
DIH Holding US Inc Warrants
DHAIW
$13.9K ﹤0.01%
1,385,121
– –
JENA.RT
1158
Jena Acquisition Corp II Rights
JENA.RT
$13.3K ﹤0.01%
+66,380
New +$12.7K
CINGW icon
1159
Cingulate Inc Warrants
CINGW
$31.8K
$12.9K ﹤0.01%
210,798
– –
HCMAW
1160
HCM III Acquisition Corp Warrants
HCMAW
$11.7K ﹤0.01%
+16,666
New +$12.9K
UCFIW
1161
CN Healthy Food Tech Group Warrant
UCFIW
$9.8K ﹤0.01%
97,000
-100,700
-51% -$6.66K
LOTWW
1162
Lotus Technology Inc Warrants
LOTWW
$36M
$9.75K ﹤0.01%
137,142
– –
EDBLW
1163
Edible Garden AG Warrant
EDBLW
$181K
$9.6K ﹤0.01%
100,000
– –
TACHW
1164
Titan Acquisition Corp Warrants
TACHW
$6.76M
$9.56K ﹤0.01%
31,757
– –
SCAGW
1165
Scage Future Warrants
SCAGW
$517K
$7.11K ﹤0.01%
149,298
– –
ZOOZW
1166
ZOOZ Strategy Ltd Warrant
ZOOZW
$187K
$6.86K ﹤0.01%
38,893
– –
FORLW
1167
DELISTED
Four Leaf Acquisition Corp Warrants
FORLW
$4.41K ﹤0.01%
123,546
– –
BENFW icon
1168
Beneficient Warrant
BENFW
$155K
$4.32K ﹤0.01%
300,000
– –
CAPTW
1169
DELISTED
Captivision Inc Warrant
CAPTW
$3.9K ﹤0.01%
97,483
– –
WING icon
1170
Wingstop
WING
$3.1B
$2.27K ﹤0.01%
+9
New +$2.8K
AUPH icon
1171
CALL
Aurinia Pharmaceuticals
AUPH
$2.02B
$2.21K ﹤0.01%
+200
New +$2.18K
TGE.WS
1172
The Generation Essentials Group Warrants
TGE.WS
$1.74K ﹤0.01%
13,251
– –
TLN
1173
Talen Energy Corp
TLN
$17.2B
$1.7K ﹤0.01%
4
-7,496
-100% -$2.71M
SRZNW
1174
DELISTED
Surrozen Inc Warrant
SRZNW
$369 ﹤0.01%
20,718
– –
CPB icon
1175
Campbell Soup
CPB
$6.94B
$95 ﹤0.01%
+3
New +$97
45 46
47
48 49

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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.