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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
TMUS icon
1651
CALL
T-Mobile US
TMUS
$192B
– –
-8,100
Closed -$1.93M
STLN
1652
Starling Oncology, Inc. Common Stock
STLN
$632M
– –
-15,200
Closed -$31.2K
TOL icon
1653
CALL
Toll Brothers
TOL
$14.3B
– –
-19,100
Closed -$2.18M
TOL icon
1654
PUT
Toll Brothers
TOL
$14.3B
– –
-19,300
Closed -$2.2M
TPR icon
1655
CALL
Tapestry
TPR
$32.4B
– –
-150,000
Closed -$13.2M
TREX icon
1656
Trex
TREX
$5.07B
– –
-4,000
Closed -$218K
TRI icon
1657
Thomson Reuters
TRI
$45.4B
– –
-25,697
Closed -$5.25M
TRNO icon
1658
Terreno Realty
TRNO
$7.44B
– –
-390,919
Closed -$21.9M
TT icon
1659
CALL
Trane Technologies
TT
$106B
– –
-6,800
Closed -$2.97M
TT icon
1660
PUT
Trane Technologies
TT
$106B
– –
-6,900
Closed -$3.02M
TTD icon
1661
CALL
Trade Desk
TTD
$6.37B
– –
-6,000
Closed -$432K
TTD icon
1662
Trade Desk
TTD
$6.37B
– –
-26,930
Closed -$1.94M
TTD icon
1663
PUT
Trade Desk
TTD
$6.37B
– –
-11,000
Closed -$792K
TTWO icon
1664
PUT
Take-Two Interactive
TTWO
$46.8B
– –
-90,000
Closed -$21.9M
TW icon
1665
Tradeweb Markets
TW
$22B
– –
-4,880
Closed -$714K
TWLO icon
1666
Twilio
TWLO
$39.3B
– –
-14,903
Closed -$1.85M
TXN icon
1667
CALL
Texas Instruments
TXN
$257B
– –
-10,100
Closed -$2.1M
TXN icon
1668
Texas Instruments
TXN
$257B
– –
-153,469
Closed -$31.9M
TXN icon
1669
PUT
Texas Instruments
TXN
$257B
– –
-27,700
Closed -$5.75M
UBER icon
1670
CALL
Uber
UBER
$160B
– –
-6,900
Closed -$644K
UBER icon
1671
PUT
Uber
UBER
$160B
– –
-1,063,900
Closed -$99.3M
UE icon
1672
Urban Edge Properties
UE
$2.73B
– –
-1,949,069
Closed -$36.4M
UNP icon
1673
CALL
Union Pacific
UNP
$174B
– –
-2,100
Closed -$483K
UNP icon
1674
PUT
Union Pacific
UNP
$174B
– –
-6,200
Closed -$1.43M
UP icon
1675
Wheels Up
UP
$194M
– –
-1,181
Closed -$25.3K
65 66
67
68 69

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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.