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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
NETD
1526
DELISTED
Nabors Energy Transition Corp II
NETD
– –
-1,007,000
Closed -$11.2M
NMRA icon
1527
Neumora Therapeutics
NMRA
$315M
– –
-22,449
Closed -$16.5K
NNBR icon
1528
NN Inc
NNBR
$301M
– –
-13,840
Closed -$29.1K
NOW icon
1529
CALL
ServiceNow
NOW
$132B
– –
-3,500
Closed -$720K
NOW icon
1530
PUT
ServiceNow
NOW
$132B
– –
-32,000
Closed -$6.58M
NRGV icon
1531
Energy Vault
NRGV
$649M
– –
-33,218
Closed -$23.8K
NSIT icon
1532
Insight Enterprises
NSIT
$4.43B
– –
-3,416
Closed -$472K
NTNX icon
1533
Nutanix
NTNX
$17.4B
– –
-6,630
Closed -$507K
NU icon
1534
Nu Holdings
NU
$65.9B
– –
-116,873
Closed -$1.6M
NUE icon
1535
PUT
Nucor
NUE
$61.9B
– –
-10,000
Closed -$1.3M
NVT icon
1536
CALL
nVent Electric
NVT
$27.1B
– –
-30,000
Closed -$2.2M
NXPI icon
1537
CALL
NXP Semiconductors
NXPI
$59.6B
– –
-2,000
Closed -$437K
NYT icon
1538
CALL
New York Times
NYT
$10.3B
– –
-70,000
Closed -$3.92M
OC icon
1539
PUT
Owens Corning
OC
$12.6B
– –
-6,200
Closed -$853K
ODFL icon
1540
Old Dominion Freight Line
ODFL
$43.4B
– –
-6,900
Closed -$1.12M
ONL
1541
Orion Office REIT
ONL
$158M
– –
-13,854
Closed -$29.5K
OPEN icon
1542
Opendoor
OPEN
$3.48B
– –
-191,198
Closed -$98.6K
OTRK
1543
DELISTED
Ontrak
OTRK
– –
-262,666
Closed -$131K
PANW icon
1544
CALL
Palo Alto Networks
PANW
$313B
– –
-2,100
Closed -$430K
PANW icon
1545
PUT
Palo Alto Networks
PANW
$313B
– –
-20,100
Closed -$4.11M
PARA
1546
PUT
DELISTED
Paramount Global Class B
PARA
– –
-2,434,200
Closed -$31.4M
PATH icon
1547
UiPath
PATH
$8.14B
– –
-8,012,400
Closed -$103M
PCT icon
1548
PureCycle Technologies
PCT
$1.54B
– –
-16,800
Closed -$230K
PD icon
1549
PagerDuty
PD
$915M
– –
-81,539
Closed -$1.25M
PDD icon
1550
CALL
Pinduoduo
PDD
$129B
– –
-8,000
Closed -$837K
60 61
62
63 64

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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.