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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
ELV icon
1351
PUT
Elevance Health
ELV
$84.7B
– –
-3,900
Closed -$1.52M
EMCGW
1352
DELISTED
Embrace Change Acquisition Corp Warrants
EMCGW
– –
-135,000
Closed -$2.7K
EMR icon
1353
Emerson Electric
EMR
$91.7B
– –
-1,542
Closed -$206K
ENTG icon
1354
Entegris
ENTG
$23B
– –
-4,210
Closed -$340K
EOLS icon
1355
CALL
Evolus
EOLS
$551M
– –
-100,000
Closed -$921K
EQT icon
1356
PUT
EQT Corp
EQT
$34B
– –
-200,000
Closed -$11.7M
ES icon
1357
Eversource Energy
ES
$26.8B
– –
-3,160
Closed -$201K
ESS icon
1358
Essex Property Trust
ESS
$18.2B
– –
-46,992
Closed -$13.3M
ESTC icon
1359
Elastic
ESTC
$7.94B
– –
-5,040
Closed -$425K
ETN icon
1360
CALL
Eaton
ETN
$178B
– –
-1,300
Closed -$464K
ETN icon
1361
PUT
Eaton
ETN
$178B
– –
-12,100
Closed -$4.32M
ETSY icon
1362
Etsy
ETSY
$7.29B
– –
-501,404
Closed -$25.2M
EXLS icon
1363
EXL Service
EXLS
$5.29B
– –
-20,070
Closed -$879K
FANG icon
1364
CALL
Diamondback Energy
FANG
$56.5B
– –
-3,000
Closed -$412K
FANG icon
1365
PUT
Diamondback Energy
FANG
$56.5B
– –
-4,000
Closed -$550K
FCNCA icon
1366
First Citizens BancShares
FCNCA
$25.4B
– –
-329
Closed -$644K
FERG icon
1367
Ferguson
FERG
$48.7B
– –
-1,693
Closed -$369K
FISV
1368
CALL
Fiserv Inc
FISV
$28B
– –
-1,900
Closed -$328K
FISV
1369
PUT
Fiserv Inc
FISV
$28B
– –
-17,500
Closed -$3.02M
FIGS icon
1370
FIGS
FIGS
$2.37B
– –
-10,840
Closed -$61.1K
FIVN icon
1371
FIVE9
FIVN
$2.44B
– –
-15,719
Closed -$416K
FL
1372
DELISTED
Foot Locker
FL
– –
-250,000
Closed -$6.13M
FMC icon
1373
CALL
FMC
FMC
$1.3B
– –
-35,000
Closed -$1.46M
FMC icon
1374
FMC
FMC
$1.3B
– –
-180,656
Closed -$7.54M
FND icon
1375
CALL
Floor & Decor
FND
$6.44B
– –
-68,900
Closed -$5.23M
53 54
55
56 57

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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.