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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
+3.26%
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
$30.3B
AUM Growth
+$259M
Cap. Flow
+$4.21M
Cap. Flow %
0.01%
Top 10 Hldgs %
25.78%
Holding
1,635
New
443
Increased
264
Reduced
288
Closed
475

Top Buys

Rank Stock Value
1
PLTR icon
Palantir
PLTR
+$412M
2
MSFT icon
Microsoft
MSFT
+$384M
3
NFLX icon
Netflix
NFLX
+$293M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$253M
5
AVGO icon
Broadcom
AVGO
+$190M

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$421M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$172M
3
TSM icon
TSMC
TSM
+$149M
4
K
Kellanova
K
+$100M
5
UNH icon
UnitedHealth
UNH
+$86.3M

Sector Composition

Rank Sector Weight
1 Technology 14.06%
2 Financials 8.07%
3 Consumer Discretionary 6.89%
4 Healthcare 5.17%
5 Communication Services 4.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USAS
1526
Americas Gold and Silver
USAS
$1.73B
– –
-11,260
Closed -$42K
UTHR icon
1527
United Therapeutics
UTHR
$22.1B
– –
-21,524
Closed -$9.02M
VERA icon
1528
Vera Therapeutics
VERA
$2.18B
– –
-440,591
Closed -$12.8M
VLO icon
1529
Valero Energy
VLO
$93.3B
– –
-2,095
Closed -$357K
VRNA
1530
DELISTED
Verona Pharma
VRNA
– –
-455,334
Closed -$48.6M
VRNT
1531
DELISTED
Verint Systems
VRNT
– –
-250,000
Closed -$5.06M
VRSK icon
1532
Verisk Analytics
VRSK
$23.6B
– –
-37,270
Closed -$9.37M
VTR icon
1533
Ventas
VTR
$44.6B
– –
-419,484
Closed -$29.4M
VTRS icon
1534
Viatris
VTRS
$18.7B
– –
-7,211
Closed -$71.4K
WAL icon
1535
Western Alliance Bancorporation
WAL
$8.89B
– –
-153,822
Closed -$13.3M
WAT icon
1536
Waters Corp
WAT
$40.7B
– –
-65,004
Closed -$19.5M
WDAY icon
1537
CALL
Workday
WDAY
$44.8B
– –
-235,000
Closed -$56.6M
WDAY icon
1538
Workday
WDAY
$44.8B
– –
-276,648
Closed -$66.6M
WDAY icon
1539
PUT
Workday
WDAY
$44.8B
– –
-500,000
Closed -$120M
WFG icon
1540
West Fraser Timber
WFG
$5.6B
– –
-14,000
Closed -$952K
WING icon
1541
CALL
Wingstop
WING
$3.03B
– –
-10,500
Closed -$2.64M
WIX icon
1542
WIX.com
WIX
$2.79B
– –
-11,458
Closed -$2.04M
WRB icon
1543
W.R. Berkley
WRB
$26B
– –
-153,560
Closed -$11.8M
WTW icon
1544
Willis Towers Watson
WTW
$31.8B
– –
-1,055
Closed -$364K
WYNN icon
1545
Wynn Resorts
WYNN
$10.8B
– –
-77,704
Closed -$9.97M
XLE icon
1546
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
– –
-65,036
Closed -$2.91M
XLK icon
1547
State Street Technology Select Sector SPDR ETF
XLK
$122B
– –
-10,600
Closed -$1.49M
XOM icon
1548
CALL
ExxonMobil
XOM
$657B
– –
-405,000
Closed -$45.7M
XOM icon
1549
PUT
ExxonMobil
XOM
$657B
– –
-405,000
Closed -$45.7M
XOP icon
1550
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
– –
-168,300
Closed -$22.2M
60 61
62
63 64

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Hudson Bay Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Hudson Bay Capital Management held 1,635 positions worth $30.3B, up 0.86% from $30.1B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Hudson Bay Capital Management's Q4 2025 filing shows 443 new, 264 increased, 288 reduced and 475 closed positions. Its largest new stake was Vertiv: 964,604 shares worth $156M. The largest sale was Amazon, an estimated $421M.

By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 11% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Hudson Bay Capital Management's largest Q4 2025 buy was Vertiv: 964,604 shares worth $156M.
  • Hudson Bay Capital Management added most to Palantir in Q4 2025, an estimated $412M increase.
  • Hudson Bay Capital Management's biggest Q4 2025 reduction was Amazon, cutting an estimated $421M.
  • Hudson Bay Capital Management fully exited Kellanova in Q4 2025, selling an estimated $100M.
  • Hudson Bay Capital Management's ten largest holdings make up 26% of its $30.3B portfolio in Q4 2025.
  • Hudson Bay Capital Management opened 443 new positions and closed 475 in Q4 2025.
  • Hudson Bay Capital Management's portfolio value rose 0.86% quarter-over-quarter to $30.3B.

Based on Hudson Bay Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.