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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
LCTX icon
1451
Lineage Cell Therapeutics
LCTX
$283M
– –
-48,330
Closed -$43.9K
LEA icon
1452
Lear
LEA
$8.12B
– –
-43,941
Closed -$4.17M
LEN icon
1453
CALL
Lennar Class A
LEN
$21.1B
– –
-17,300
Closed -$1.91M
LEN icon
1454
PUT
Lennar Class A
LEN
$21.1B
– –
-17,500
Closed -$1.94M
LESL icon
1455
Leslie's
LESL
$12.4M
– –
-2,608
Closed -$21.9K
LEVI icon
1456
PUT
Levi Strauss
LEVI
$8.75B
– –
-1,000,000
Closed -$18.5M
LFMD icon
1457
LifeMD
LFMD
$163M
– –
-11,206
Closed -$153K
LGIH icon
1458
CALL
LGI Homes
LGIH
$1.34B
– –
-6,300
Closed -$325K
LGIH icon
1459
LGI Homes
LGIH
$1.34B
– –
-9,928
Closed -$511K
LGIH icon
1460
PUT
LGI Homes
LGIH
$1.34B
– –
-10,700
Closed -$551K
LII icon
1461
CALL
Lennox International
LII
$14.9B
– –
-4,200
Closed -$2.41M
LII icon
1462
PUT
Lennox International
LII
$14.9B
– –
-4,200
Closed -$2.41M
LIN icon
1463
CALL
Linde
LIN
$226B
– –
-6,200
Closed -$2.91M
LIN icon
1464
PUT
Linde
LIN
$226B
– –
-11,400
Closed -$5.35M
LMT icon
1465
CALL
Lockheed Martin
LMT
$138B
– –
-700
Closed -$324K
LNG icon
1466
Cheniere Energy
LNG
$54.8B
– –
-11,298
Closed -$2.75M
LOW icon
1467
CALL
Lowe's Companies
LOW
$124B
– –
-12,200
Closed -$2.71M
LOW icon
1468
PUT
Lowe's Companies
LOW
$124B
– –
-20,500
Closed -$4.55M
LRCX icon
1469
PUT
Lam Research
LRCX
$390B
– –
-5,000
Closed -$487K
LSCC icon
1470
Lattice Semiconductor
LSCC
$17.9B
– –
-16,543
Closed -$810K
LTH icon
1471
Life Time Group Holdings
LTH
$9.79B
– –
-200,000
Closed -$6.07M
LULU icon
1472
lululemon athletica
LULU
$14.3B
– –
-1,368
Closed -$325K
LULU icon
1473
PUT
lululemon athletica
LULU
$14.3B
– –
-1,800
Closed -$428K
LWLG icon
1474
Lightwave Logic
LWLG
$1.16B
– –
-32,142
Closed -$39.9K
LXRX icon
1475
Lexicon Pharmaceuticals
LXRX
$1.08B
– –
-27,010
Closed -$25.5K
57 58
59
60 61

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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.