Hudson Bay Capital Management LP
CIK: 0001393825Latest portfolio: $30.3B · Q4 2025
Holdings
1,040
Total Value
$30.3B
New Positions
320
Closed Positions
338
Top Holdings
View All 1,040 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | TSLATESLA INC | 6,076,516 | $2.7B | 9.00% | +1.7M | Put |
| 2 | NVDANVIDIA CORPORATION | 11,858,627 | $2.2B | 7.28% | -2,534,028 | Put |
| 3 | AMZNAMAZON COM INC | 5,678,777 | $1.3B | 4.31% | -3,242,368 | Put |
| 4 | AMDADVANCED MICRO DEVICES INC | 5,500,000 | $1.2B | 3.88% | +1.6M | Put |
| 5 | PLTRPALANTIR TECHNOLOGIES INC | 5,252,500 | $933.0M | 3.08% | +4.2M | Put |
| 6 | MSFTMICROSOFT CORP | 1,870,970 | $901.0M | 2.97% | NEW | Put |
| 7 | NFLXNETFLIX INC | 7,600,810 | $711.0M | 2.34% | +7.0M | Put |
| 8 | BRK/BBERKSHIRE HATHAWAY INC DEL | 1,345,266 | $675.0M | 2.22% | +38K | Put |
| 9 | AAPLAPPLE INC | 2,310,454 | $626.0M | 2.06% | -1,430,137 | Put |
| 10 | GOOGLALPHABET INC | 1,982,946 | $619.0M | 2.04% | +1.5M | Put |
| 11 | IWMISHARES TR | 2,474,000 | $607.0M | 2.00% | -1,170,666 | Put |
| 12 | SPYSPDR S&P 500 ETF TR | 837,984 | $570.0M | 1.88% | -749,716 | Put |
| 13 | QC10FLAGSTAR BANK NATIONAL ASSOC | 34,689,439 | $436.0M | 1.44% | — | |
| 14 | DLTRDOLLAR TREE INC | 3,129,000 | $384.0M | 1.27% | -1,302,376 | Put |
| 15 | BABOEING CO | 1,754,528 | $379.0M | 1.25% | +1.0M | Put |
| 16 | AVGOBROADCOM INC | 1,044,562 | $361.0M | 1.19% | NEW | Put |
| 17 | HOODROBINHOOD MKTS INC | 3,214,978 | $361.0M | 1.19% | -710,426 | Put |
| 18 | COSTCOSTCO WHSL CORP NEW | 400,000 | $344.0M | 1.13% | +197K | Put |
| 19 | SHOPSHOPIFY INC | 2,000,697 | $321.0M | 1.06% | NEW | Put |
| 20 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 203,500,000 | $316.0M | 1.04% | +108.5M | |
| 21 | VRTVERTIV HOLDINGS CO | 1,884,604 | $304.0M | 1.00% | +1.9M | Put |
| 22 | METAMETA PLATFORMS INC | 460,628 | $301.0M | 0.99% | NEW | Put |
| 23 | IBITISHARES BITCOIN TRUST ETF | 5,751,635 | $284.0M | 0.94% | -3,354,743 | Put |
| 24 | SATS 3.875 11/30/30ECHOSTAR CORP | 82,554,417 | $276.0M | 0.91% | +12.3M | |
| 25 | ISRGINTUITIVE SURGICAL INC | 482,500 | $272.0M | 0.90% | NEW | Put |
Quarterly Changes
New Positions
Closed Positions
- SO 3.875 12/15/25CLOSED$314.7B
- CNX 2.25 05/01/26CLOSED$305.4B
- DXCM 0.25 11/15/25CLOSED$257.3B
- WDAYCLOSED$243.5B
- UNHCLOSED$172.7B
- EACLOSED$170.9B
- SLBCLOSED$137.7B
- KELCLOSED$137.0B
- ABNBCLOSED$134.6B
- IDCC 3.5 06/01/27CLOSED$123.1B
Increased Positions
| Name | Shares | Change |
|---|---|---|
| PCG 4.25 12/01/27 | 262.1M | +56.6M |
| MSTR 0.625 09/15/28 | 38.2M | +23.2M |
| UNIT 7.5 12/01/27 | 120.1M | +13.1M |
| SATS 3.875 11/30/30 | 82.6M | +12.3M |
| BAC 0.6 05/25/27 MTN | 84.3M | +8.5M |
| NFLX | 7.6M | +7.0M |
| RIG 4.625 09/30/29 * | 123.6M | +5.5M |
| PLTR | 5.3M | +4.2M |
| CNC | 3.8M | +3.5M |
| ANGX | 5.3M | +3.3M |
Sector Breakdown
TechnologyNaN% ($InfinityT)
UnknownNaN% ($InfinityT)
Financial ServicesNaN% ($InfinityT)
IndustrialsNaN% ($InfinityT)
HealthcareNaN% ($InfinityT)
Consumer Cyclical0.0% ($2.731000130800071e+287T)
Real Estate0.0% ($7.2000690005600055e+149T)
Utilities0.0% ($4.7000460004500034e+128T)
Communication Services0.0% ($7.11000619000301e+106T)
Basic Materials0.0% ($9.20001100070006e+101T)
Consumer Defensive0.0% ($3.8400034400025893e+99T)
Energy0.0% ($1.5600063000320002e+58T)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 13, 2026 | $30.3B | 1,279 |
| Q3 2025 | Nov 13, 2025 | $30.1T | 1,518 |
| Q2 2025 | Aug 14, 2025 | $29.4T | 1,444 |
| Q1 2025 | May 14, 2025 | $32.4T | 1,339 |
| Q4 2024 | Feb 14, 2025 | $28.4T | 946 |
| Q3 2024 | Nov 13, 2024 | $24721.2T | 865 |
| Q2 2024 | Aug 14, 2024 | $21256.0T | 787 |
| Q1 2024 | May 15, 2024 | $18034.9T | 739 |
| Q4 2023 | Feb 14, 2024 | $15773.4T | 712 |
| Q3 2023 | Nov 14, 2023 | $12676.7T | 798 |
| Q2 2023 | Aug 14, 2023 | $13752.2T | 851 |
| Q1 2023 | May 15, 2023 | $10754.4T | 816 |
| Q4 2022 | Feb 14, 2023 | $9770.2T | 986 |
| Q3 2022 | Nov 14, 2022 | $11.3T | 1,231 |
| Q2 2022 | Aug 12, 2022 | $13.2T | 1,329 |
| Q1 2022 | May 16, 2022 | $7.4T | 1,186 |
| Q4 2021 | Feb 14, 2022 | $9.8T | 1,085 |
| Q3 2021 | Nov 15, 2021 | $7.4T | 991 |
| Q2 2021 | Aug 16, 2021 | $8.3T | 951 |
| Q1 2021 | May 14, 2021 | $8.1T | 860 |
| Q4 2020 | Feb 12, 2021 | $9.3T | 588 |
| Q3 2020 | Nov 12, 2020 | $6.7T | 546 |
| Q2 2020 | Aug 12, 2020 | $5.7T | 493 |
| Q1 2020 | May 14, 2020 | $4.0T | 494 |
| Q4 2019 | Feb 12, 2020 | $4.5T | 422 |
| Q3 2019 | Nov 13, 2019 | $3.6T | 394 |
| Q2 2019 | Aug 14, 2019 | $4.4T | 403 |
| Q1 2019 | May 15, 2019 | $7.8T | 674 |
| Q4 2018 | Feb 13, 2019 | $7.5T | 759 |
| Q3 2018 | Nov 14, 2018 | $8.1T | 683 |
| Q2 2018 | Aug 13, 2018 | $7.1T | 765 |
| Q1 2018 | May 14, 2018 | $4.8T | 752 |
| Q4 2017 | Feb 12, 2018 | $4.7T | 487 |
| Q3 2017 | Nov 13, 2017 | $4.0T | 364 |
| Q2 2017 | Aug 11, 2017 | $5.0T | 511 |
| Q1 2017 | May 15, 2017 | $7.4T | 779 |
| Q4 2016 | Feb 13, 2017 | $4.8T | 620 |
| Q3 2016 | Nov 9, 2016 | $4.2T | 425 |
| Q2 2016 | Aug 10, 2016 | $3.2T | 355 |
| Q1 2016 | May 10, 2016 | $2.1T | 184 |
Fund Information
Hudson Bay Capital Management LP is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $30.3B across 1,040 holdings. The largest position is TESLA INC (TSLA), representing 9.0% of the portfolio. Compared to the previous quarter, the fund opened 455 new positions and closed 445 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.