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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
+14.86%
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
$29.4B
AUM Growth
-$2.99B
Cap. Flow
-$8.15B
Cap. Flow %
-27.69%
Top 10 Hldgs %
27.81%
Holding
1,756
New
487
Increased
298
Reduced
433
Closed
417

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$172M
2
MSTR icon
Strategy Inc
MSTR
+$171M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$131M
4
AMD icon
Advanced Micro Devices
AMD
+$127M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$124M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$396M
2
AAPL icon
Apple
AAPL
+$333M
3
COIN icon
Coinbase
COIN
+$247M
4
IWM icon
iShares Russell 2000 ETF
IWM
+$241M
5
MSFT icon
Microsoft
MSFT
+$221M

Sector Composition

Rank Sector Weight
1 Technology 11.35%
2 Consumer Discretionary 7.72%
3 Financials 7.12%
4 Healthcare 4.37%
5 Real Estate 3.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
PUT
NVIDIA
NVDA
$4.75T
$1.23B 4.17%
7,765,500
-4,061,900
-34% -$511M
QQQ icon
2
PUT
Invesco QQQ Trust
QQQ
$444B
$1.2B 4.09%
2,182,400
+2,133,600
+4,372% +$1.06B
NVDA icon
3
NVIDIA
NVDA
$4.75T
$1.11B 3.77%
7,024,302
-3,144,144
-31% -$396M
TSLA icon
4
PUT
Tesla
TSLA
$1.21T
$952M 3.23%
2,997,500
+389,500
+15% +$117M
SPY icon
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$782B
$861M 2.92%
1,393,200
-95,500
-6% -$54.6M
AMZN icon
6
PUT
Amazon
AMZN
$2.47T
$675M 2.29%
3,075,500
+725,600
+31% +$144M
TSLA icon
7
Tesla
TSLA
$1.21T
$576M 1.96%
1,813,631
-192,066
-10% -$57.9M
BRK.B icon
8
PUT
Berkshire Hathaway Class B
BRK.B
$1.1T
$559M 1.9%
1,150,000
+300,000
+35% +$152M
QQQ icon
9
CALL
Invesco QQQ Trust
QQQ
$444B
$543M 1.84%
983,800
-307,200
-24% -$153M
MSTR icon
10
Strategy Inc
MSTR
$35.6B
$482M 1.64%
1,191,358
+470,366
+65% +$171M
AMZN icon
11
Amazon
AMZN
$2.47T
$472M 1.6%
2,150,035
+871,648
+68% +$172M
AMD icon
12
PUT
Advanced Micro Devices
AMD
$734B
$468M 1.59%
3,300,000
-1,450,600
-31% -$158M
MSTR icon
13
PUT
Strategy Inc
MSTR
$35.6B
$461M 1.57%
1,140,100
+315,500
+38% +$115M
AMD icon
14
Advanced Micro Devices
AMD
$734B
$454M 1.54%
3,200,731
+1,166,412
+57% +$127M
HYG icon
15
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
$387M 1.31%
4,800,000
-5,550,000
-54% -$437M
TSLA icon
16
CALL
Tesla
TSLA
$1.21T
$372M 1.27%
1,172,500
+637,300
+119% +$192M
FLG
17
Flagstar Bank National Association
FLG
$5.81B
$368M 1.25%
34,689,439
– –
BRK.B icon
18
Berkshire Hathaway Class B
BRK.B
$1.1T
$334M 1.13%
687,605
+244,095
+55% +$124M
NFLX icon
19
PUT
Netflix
NFLX
$301B
$308M 1.05%
2,300,000
+1,255,000
+120% +$142M
NFLX icon
20
CALL
Netflix
NFLX
$301B
$302M 1.03%
2,258,000
+1,989,000
+739% +$225M
QQQ icon
21
Invesco QQQ Trust
QQQ
$444B
$297M 1.01%
539,156
+262,521
+95% +$131M
IWM icon
22
PUT
iShares Russell 2000 ETF
IWM
$80.3B
$284M 0.96%
1,314,700
-2,385,300
-64% -$480M
DLTR icon
23
PUT
Dollar Tree
DLTR
$24.5B
$248M 0.84%
2,500,000
– –
AMZN icon
24
CALL
Amazon
AMZN
$2.47T
$232M 0.79%
1,058,300
+762,500
+258% +$151M
BRK.B icon
25
CALL
Berkshire Hathaway Class B
BRK.B
$1.1T
$194M 0.66%
400,000
+100,000
+33% +$50.8M
1
2 3 4 5

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Hudson Bay Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Hudson Bay Capital Management held 1,756 positions worth $29.4B, down 9.2% from $32.4B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Hudson Bay Capital Management withdrew a net $8.15B in Q2 2025, closing 417 positions and reducing 433 holdings. Its most notable exit was Occidental Petroleum Corp Warrants, an estimated $114M position sold in full.

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

Against the trend, Hudson Bay Capital Management opened a new position in Informatica worth $122M.

  • Hudson Bay Capital Management's largest Q2 2025 buy was Informatica: 5,000,000 shares worth $122M.
  • Hudson Bay Capital Management added most to Amazon in Q2 2025, an estimated $172M increase.
  • Hudson Bay Capital Management's biggest Q2 2025 reduction was NVIDIA, cutting an estimated $396M.
  • Hudson Bay Capital Management fully exited Occidental Petroleum Corp Warrants in Q2 2025, selling an estimated $114M.
  • Hudson Bay Capital Management's ten largest holdings make up 28% of its $29.4B portfolio in Q2 2025.
  • Hudson Bay Capital Management opened 487 new positions and closed 417 in Q2 2025.
  • Hudson Bay Capital Management's portfolio value fell 9.2% quarter-over-quarter to $29.4B.

Based on Hudson Bay Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.