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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
COST icon
1426
PUT
Costco
COST
$418B
– –
-200,000
Closed -$172M
CPNG icon
1427
Coupang
CPNG
$28.8B
– –
-77,416
Closed -$1.83M
CRGO icon
1428
Freightos
CRGO
$65.1M
– –
-13,947
Closed -$31.8K
CTLP
1429
DELISTED
Cantaloupe
CTLP
– –
-430,143
Closed -$4.57M
CTRE icon
1430
CareTrust REIT
CTRE
$9.65B
– –
-952,641
Closed -$34.4M
CWAN
1431
CALL
DELISTED
Clearwater Analytics
CWAN
– –
-500,000
Closed -$12.1M
CYBR
1432
DELISTED
CyberArk
CYBR
– –
-519,790
Closed -$232M
CZR icon
1433
CALL
Caesars Entertainment
CZR
$6.13B
– –
-40,000
Closed -$936K
DASH icon
1434
PUT
DoorDash
DASH
$90.3B
– –
-150,000
Closed -$34M
DG icon
1435
Dollar General
DG
$28B
– –
-37,052
Closed -$4.92M
DKNG icon
1436
DraftKings
DKNG
$10.8B
– –
-204,655
Closed -$7.05M
DLTR icon
1437
CALL
Dollar Tree
DLTR
$24.7B
– –
-140,000
Closed -$17.2M
DRH icon
1438
Diamondrock Hospitality Co
DRH
$2.71B
– –
-404,889
Closed -$3.63M
DSGX icon
1439
Descartes Systems
DSGX
$6.57B
– –
-10,000
Closed -$877K
DVAX
1440
DELISTED
Dynavax Technologies
DVAX
– –
-550,000
Closed -$8.46M
DXCM icon
1441
DexCom
DXCM
$31.2B
– –
-55,000
Closed -$3.65M
EAT icon
1442
Brinker International
EAT
$9.69B
– –
-96,520
Closed -$14.7M
EDBLW
1443
Edible Garden AG Warrant
EDBLW
$72.3K
– –
-100,000
Closed -$9.88K
EFC
1444
Ellington Financial
EFC
$1.67B
– –
-447,732
Closed -$6.08M
ELF icon
1445
e.l.f. Beauty
ELF
$5.09B
– –
-23,333
Closed -$1.77M
ENTA icon
1446
Enanta Pharmaceuticals
ENTA
$384M
– –
-30,000
Closed -$473K
EQX icon
1447
Equinox Gold
EQX
$8.14B
– –
-226,300
Closed -$3.18M
EXAS
1448
DELISTED
Exact Sciences
EXAS
– –
-1,115,996
Closed -$113M
EXPE icon
1449
Expedia Group
EXPE
$38.4B
– –
-19,450
Closed -$5.51M
FERG icon
1450
Ferguson
FERG
$49.5B
– –
-15,850
Closed -$3.53M
56 57
58
59 60

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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.