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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
(-4.5%)
Cap. Flow
-$1.03B
Cap. Flow
% of AUM
-3.55%
Top 10 Holdings %
Top 10 Hldgs %
27.32%
Holding
1,717
New
560
Increased
295
Reduced
288
Closed
339
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$221M |
| 2 |
UnitedHealth
UNH
|
+$208M |
| 3 |
Micron Technology
MU
|
+$196M |
| 4 |
TSMC
TSM
|
+$173M |
| 5 |
Oracle
ORCL
|
+$134M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CYBR
CyberArk
CYBR
|
+$232M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$217M |
| 3 |
Vertiv
VRT
|
+$213M |
| 4 |
Costco
COST
|
+$188M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
176
NRG Energy
NRG
$25.5B
| $20.4M | 0.07% |
139,595
+93,090
| +200% | +$14.6M |
|
177
State Street Financial Select Sector SPDR ETF
XLF
$58.6B
| $20.3M | 0.07% |
410,770
-414,230
| -50% | -$21.6M |
|
178
Vertex Pharmaceuticals
VRTX
$123B
| $20.1M | 0.07% |
45,000
-119,518
| -73% | -$55.7M |
|
179
Choice Hotels
CHH
$5.09B
| $20M | 0.07% |
+193,155
| New | +$20.1M |
|
180
NextEra Energy
NEE
$179B
| $19.9M | 0.07% |
+214,296
| New | +$19.1M |
|
181
Marriott International
MAR
$94.2B
| $19.8M | 0.07% |
60,502
-28,676
| -32% | -$9.43M |
|
182
Yum! Brands
YUM
$41.6B
| $19.7M | 0.07% |
127,004
+13,274
| +12% | +$2.1M |
|
|
DMII
183
Drugs Made In America Acquisition II Corp
DMII
$644M
| $19.7M | 0.07% |
1,969,030
| – | – |
|
184
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $19.6M | 0.07% |
+320,600
| New | +$17.2M |
|
185
Iron Mountain
IRM
$37.8B
| $19.5M | 0.07% |
+190,884
| New | +$19M |
|
186
SoFi Technologies
SOFI
$23.5B
| $19.4M | 0.07% |
1,224,271
+665,000
| +119% | +$14M |
|
187
Sun Communities
SUI
$14.9B
| $19.4M | 0.07% |
153,818
+27,392
| +22% | +$3.54M |
|
|
ECHO
188
EchoStar
ECHO
$25.5B
| $19.3M | 0.07% |
165,154
-47,774
| -22% | -$5.48M |
|
189
Uber
UBER
$139B
| $19.2M | 0.07% |
267,562
+62,129
| +30% | +$4.78M |
|
190
Cummins
CMI
$89.7B
| $19.2M | 0.07% |
35,715
-12,015
| -25% | -$6.8M |
|
191
CALL
iShares Bitcoin Trust
IBIT
$47.8B
| $19.2M | 0.07% |
+500,000
| New | +$21.6M |
|
|
FGII
192
FG Imperii Acquisition Corp
FGII
$289M
| $19.2M | 0.07% |
+1,948,264
| New | +$19.3M |
|
|
193
PUT
Uber
UBER
$139B
| $19.2M | 0.07% |
266,600
+116,600
| +78% | +$8.97M |
|
194
Immunocore
IMCR
$1.69B
| $19.1M | 0.07% |
633,174
+249,616
| +65% | +$8.08M |
|
|
TERN
195
DELISTED
Terns Pharmaceuticals
TERN
| $19M | 0.07% |
360,878
+279,844
| +345% | +$11.5M |
|
|
SCHW
196
Charles Schwab
SCHW
$188B
| $18.9M | 0.07% |
201,226
+314
| +0.2% | +$30.8K |
|
197
Tanger
SKT
$4.66B
| $18.8M | 0.06% |
+552,544
| New | +$19M |
|
|
FLY
198
Firefly Aerospace
FLY
$3.75B
| $18.8M | 0.06% |
659,017
-1,128,887
| -63% | -$27.5M |
|
199
CSX Corp
CSX
$94.7B
| $18.6M | 0.06% |
452,361
+157,451
| +53% | +$6.17M |
|
|
IPCX
200
Inflection Point Acquisition Corp III
IPCX
$159M
| $18.4M | 0.06% |
1,799,282
| – | – |
|
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PCH
N
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.