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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
+485.17%
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
MCO icon
1501
Moody's
MCO
$83.8B
– –
-20,157
Closed -$10.3M
MDAI icon
1502
Spectral AI
MDAI
$51.9M
– –
-1,526,716
Closed -$2.17M
MDU icon
1503
MDU Resources
MDU
$4.18B
– –
-164,190
Closed -$3.2M
MKTX icon
1504
MarketAxess Holdings
MKTX
$5.72B
– –
-13,054
Closed -$2.37M
MLCO icon
1505
Melco Resorts & Entertainment
MLCO
$2.19B
– –
-707,981
Closed -$5.36M
MMYT icon
1506
MakeMyTrip
MMYT
$5.76B
– –
-85,079
Closed -$6.99M
MOS icon
1507
CALL
The Mosaic Company
MOS
$7.44B
– –
-65,000
Closed -$1.57M
MOS icon
1508
The Mosaic Company
MOS
$7.44B
– –
-30,000
Closed -$723K
MRNA icon
1509
Moderna
MRNA
$22.5B
– –
-244,594
Closed -$7.21M
MRVL icon
1510
Marvell Technology
MRVL
$189B
– –
-24,150
Closed -$2.05M
MSAI icon
1511
MultiSensor AI
MSAI
$10.6M
– –
-30,565
Closed -$352K
MSTR icon
1512
CALL
Strategy Inc
MSTR
$35.9B
– –
-340,000
Closed -$51.7M
NAK
1513
Northern Dynasty Minerals
NAK
$947M
– –
-225,000
Closed -$443K
NBHC icon
1514
National Bank Holdings
NBHC
$1.93B
– –
-15,229
Closed -$579K
NCLH icon
1515
Norwegian Cruise Line
NCLH
$9.32B
– –
-134,867
Closed -$3.01M
NFGC
1516
New Found Gold
NFGC
$591M
– –
-25,300
Closed -$74.8K
NOC icon
1517
Northrop Grumman
NOC
$79.2B
– –
-1,000
Closed -$570K
NOW icon
1518
ServiceNow
NOW
$121B
– –
-465,000
Closed -$71.2M
NOW icon
1519
PUT
ServiceNow
NOW
$121B
– –
-465,000
Closed -$71.2M
NRIX icon
1520
Nurix Therapeutics
NRIX
$2.61B
– –
-110,000
Closed -$2.09M
NVS icon
1521
Novartis
NVS
$294B
– –
-114,346
Closed -$15.8M
NXPI icon
1522
NXP Semiconductors
NXPI
$58.3B
– –
-9,425
Closed -$2.05M
OAKU
1523
DELISTED
Oak Woods Acquisition Corp
OAKU
– –
-102,401
Closed -$1.24M
IMDX
1524
Insight Molecular Diagnostics
IMDX
$161M
– –
-13,061
Closed -$98K
ON icon
1525
ON Semiconductor
ON
$29.9B
– –
-86,908
Closed -$4.71M
59 60
61
62 63

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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.