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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
ALLO icon
1276
Allogene Therapeutics
ALLO
$677M
$35.9K ﹤0.01%
+14,711
New +$29.5K
ACHR.WS icon
1277
Archer Aviation Redeemable Warrants
ACHR.WS
$19.4M
$35.1K ﹤0.01%
125,202
– –
PGACR
1278
Pantages Capital Acquisition Corp Right
PGACR
$35K ﹤0.01%
175,000
– –
ORIQW
1279
Origin Investment Corp I Warrant
ORIQW
$33.7K ﹤0.01%
250,000
– –
BLZRW
1280
Trailblazer Acquisition Corp Warrant
BLZRW
$33.4K ﹤0.01%
84,172
– –
DRDBW
1281
Roman DBDR Acquisition Corp II Warrants
DRDBW
$2.28M
$33.3K ﹤0.01%
156,939
– –
ZKPW
1282
Lafayette Digital Acquisition Corp I Warrant
ZKPW
$2.29M
$33.3K ﹤0.01%
+118,750
New +$39.3K
PCAPW
1283
ProCap Acquisition Corp Warrant
PCAPW
$33.2K ﹤0.01%
103,652
– –
MKLYR
1284
McKinley Acquisition Corp Rights
MKLYR
$33K ﹤0.01%
300,000
– –
GIXXR
1285
GigCapital9 Corp Rights
GIXXR
$33K ﹤0.01%
+150,000
New +$38.2K
LFACW
1286
Leapfrog Acquisition Corp Warrants
LFACW
$32.6K ﹤0.01%
+112,500
New +$35.3K
XBI icon
1287
State Street SPDR S&P Biotech ETF
XBI
$10.1B
$32.6K ﹤0.01%
+255
New +$31.8K
SLDP icon
1288
Solid Power
SLDP
$490M
$32.5K ﹤0.01%
+10,832
New +$43.6K
ESPR
1289
DELISTED
Esperion Therapeutics
ESPR
$32.5K ﹤0.01%
11,850
-6,380
-35% -$20.2K
YCY.WS
1290
AA Mission Acquisition Corp II Warrants
YCY.WS
$32.2K ﹤0.01%
200,000
– –
NOEMW
1291
CO2 Energy Transition Corp Warrant
NOEMW
$1.24M
$31.9K ﹤0.01%
290,000
– –
LOKVW
1292
DELISTED
Live Oak Acquisition Corp V Warrants
LOKVW
$30K ﹤0.01%
20,708
– –
AXINR
1293
Axiom Intelligence Acquisition Corp 1 Right
AXINR
$30K ﹤0.01%
150,000
– –
ITHAW
1294
ITHAX Acquisition Corp III Warrants
ITHAW
$30K ﹤0.01%
+125,000
New +$27.9K
DNMXW
1295
Dynamix Corp III Warrants
DNMXW
$2.52M
$29.9K ﹤0.01%
100,000
– –
PSQH.WS icon
1296
PSQ Holdings, Inc. Warrants, Each whole warrant exercisable for 1/15th of a share of Class A common stock at an exercise price of $172.50 per share
PSQH.WS
$1.34M
$29.9K ﹤0.01%
673,474
– –
ASPCR
1297
A SPAC III Acquisition Corp Right
ASPCR
$29.4K ﹤0.01%
148,970
-25,710
-15% -$4.74K
SANA icon
1298
Sana Biotechnology
SANA
$974M
$28.8K ﹤0.01%
+10,000
New +$39.4K
RPID icon
1299
Rapid Micro Biosystems
RPID
$104M
$28.4K ﹤0.01%
+12,524
New +$45.8K
HOVRW icon
1300
New Horizon Aircraft Ltd
HOVRW
$12.4M
$28.3K ﹤0.01%
88,488
-10,802
-11% -$3.98K
50 51
52
53 54

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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.