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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
-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
Cap. Flow
-$1.03B
Cap. Flow %
-3.55%
Top 10 Hldgs %
27.32%
Holding
1,717
New
560
Increased
295
Reduced
288
Closed
339

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$221M
2
UNH icon
UnitedHealth
UNH
+$208M
3
MU icon
Micron Technology
MU
+$196M
4
TSM icon
TSMC
TSM
+$173M
5
ORCL icon
Oracle
ORCL
+$134M

Top Sells

Rank Stock Value
1
CYBR
CyberArk
CYBR
+$232M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$217M
3
VRT icon
Vertiv
VRT
+$213M
4
COST icon
Costco
COST
+$188M
5
BP icon
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
KFIIR
1226
K&F Growth Acquisition Corp II Rights
KFIIR
$56.2K ﹤0.01%
374,953
– –
FERAR
1227
Fifth Era Acquisition Corp I Rights
FERAR
$56.2K ﹤0.01%
200,000
– –
TWLVR
1228
Twelve Seas Investment Co III Rights
TWLVR
$56K ﹤0.01%
+350,000
New +$59.2K
GSHRW
1229
Gesher Acquisition Corp II Warrants
GSHRW
$55.8K ﹤0.01%
212,500
– –
LCCCR
1230
Lakeshore Acquisition III Corp Rights
LCCCR
$54K ﹤0.01%
300,000
– –
SCIIR
1231
SC II Acquisition Corp Rights
SCIIR
$53.8K ﹤0.01%
+244,376
New +$59.6K
KOYNW
1232
CSLM Digital Asset Acquisition Corp III Warrants
KOYNW
$3.15M
$51.7K ﹤0.01%
198,846
– –
TDWDR
1233
Tailwind 2.0 Acquisition Corp Rights
TDWDR
$51K ﹤0.01%
300,000
– –
MUZEW
1234
Muzero Acquisition Corp Warrant
MUZEW
$3.02M
$50.8K ﹤0.01%
+220,709
New +$55.5K
ULCC icon
1235
Frontier Group Holdings
ULCC
$1.76B
$49.7K ﹤0.01%
+14,090
New +$64.4K
KTWOR
1236
K2 Capital Acquisition Corp Rights
KTWOR
$49.7K ﹤0.01%
+236,560
New +$50.7K
BSAAR
1237
BEST SPAC I Acquisition Corp Rights
BSAAR
$49.5K ﹤0.01%
275,000
– –
NOEMR
1238
CO2 Energy Transition Corp Right
NOEMR
$49.3K ﹤0.01%
290,000
– –
JENA.RT
1239
Jena Acquisition Corp II Rights
JENA.RT
$49.1K ﹤0.01%
288,672
– –
TSHA icon
1240
Taysha Gene Therapies
TSHA
$1.83B
$48K ﹤0.01%
+10,740
New +$49.9K
SSEAR
1241
Starry Sea Acquisition Corp Rights
SSEAR
$47.5K ﹤0.01%
250,000
– –
XSLLW
1242
Xsolla SPAC 1 Warrants
XSLLW
$47K ﹤0.01%
+235,000
New +$40.4K
CCXIW
1243
Churchill Capital Corp XI Warrants
CCXIW
$32.6M
$46.9K ﹤0.01%
+64,638
New +$51.1K
REKR icon
1244
Rekor Systems
REKR
$89.9M
$46.6K ﹤0.01%
56,850
– –
NHICW
1245
NewHold Investment Corp III Warrants
NHICW
$46.5K ﹤0.01%
103,289
-85,119
-45% -$34.7K
CHARR
1246
Charlton Aria Acquisition Corp Rights
CHARR
$45.6K ﹤0.01%
325,000
– –
WEST icon
1247
Westrock Coffee
WEST
$794M
$45K ﹤0.01%
+10,580
New +$47.2K
WVE icon
1248
Wave Life Sciences
WVE
$1.18B
$45K ﹤0.01%
+6,200
New +$80.8K
CRACR
1249
Crown Reserve Acquisition Corp I Rights
CRACR
$44.8K ﹤0.01%
298,600
-1,400
-0.5% -$285
APXTW
1250
Apex Treasury Corp Warrants
APXTW
$5.17M
$44.7K ﹤0.01%
186,380
-220,400
-54% -$57K
48 49
50
51 52

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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.