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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
INVH icon
1426
Invitation Homes
INVH
$17.7B
– –
-984,893
Closed -$32.3M
INZY
1427
DELISTED
Inozyme Pharma
INZY
– –
-14,996
Closed -$60K
IQV icon
1428
IQVIA
IQV
$40.1B
– –
-1,422
Closed -$224K
ISRG icon
1429
PUT
Intuitive Surgical
ISRG
$142B
– –
-9,700
Closed -$5.27M
IVVD icon
1430
Invivyd
IVVD
$203M
– –
-21,322
Closed -$15.2K
JAZZ icon
1431
Jazz Pharmaceuticals
JAZZ
$16.1B
– –
-27,083
Closed -$2.87M
JCI icon
1432
CALL
Johnson Controls International
JCI
$93.7B
– –
-32,700
Closed -$3.45M
JCI icon
1433
PUT
Johnson Controls International
JCI
$93.7B
– –
-33,000
Closed -$3.49M
JLL icon
1434
Jones Lang LaSalle
JLL
$16.7B
– –
-25,140
Closed -$6.43M
JNJ icon
1435
CALL
Johnson & Johnson
JNJ
$626B
– –
-17,200
Closed -$2.63M
JNJ icon
1436
PUT
Johnson & Johnson
JNJ
$626B
– –
-68,900
Closed -$10.5M
JNPR
1437
DELISTED
Juniper Networks
JNPR
– –
-1,117,015
Closed -$44.6M
JNPR
1438
PUT
DELISTED
Juniper Networks
JNPR
– –
-282,500
Closed -$11.3M
KBH icon
1439
CALL
KB Home
KBH
$3.54B
– –
-36,900
Closed -$1.95M
KBH icon
1440
KB Home
KBH
$3.54B
– –
-30,301
Closed -$1.61M
KBH icon
1441
PUT
KB Home
KBH
$3.54B
– –
-37,100
Closed -$1.97M
KLAC icon
1442
PUT
KLA
KLAC
$262B
– –
-25,000
Closed -$2.24M
KMI icon
1443
CALL
Kinder Morgan
KMI
$70.1B
– –
-150,000
Closed -$4.41M
KNSA icon
1444
Kiniksa Pharmaceuticals
KNSA
$6.07B
– –
-70,780
Closed -$1.96M
KO icon
1445
CALL
Coca-Cola
KO
$372B
– –
-12,800
Closed -$906K
KO icon
1446
PUT
Coca-Cola
KO
$372B
– –
-118,700
Closed -$8.4M
KR icon
1447
Kroger
KR
$34.5B
– –
-10,319
Closed -$740K
KRE icon
1448
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.61B
– –
-100,000
Closed -$5.94M
KVUE icon
1449
CALL
Kenvue
KVUE
$36.6B
– –
-350,000
Closed -$7.33M
LAD icon
1450
Lithia Motors
LAD
$8.32B
– –
-20,892
Closed -$7.06M
56 57
58
59 60

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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.