Hudson Bay Capital Management LP Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$29.4B

Holdings

993

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (993 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	NVDANVIDIA CORPORATION	15,290,502	$2.4B	8.20%	Put
2	NDQINVESCO QQQ TR	3,705,356	$2.0B	6.94%	Put
3	TSLATESLA INC	5,983,631	$1.9B	6.46%	Put
4	AMZNAMAZON COM INC	6,283,835	$1.4B	4.68%	Put
5	SPYSPDR S&P 500 ETF TR	1,814,699	$1.1B	3.81%	Put
6	BRK/BBERKSHIRE HATHAWAY INC DEL	2,237,605	$1.1B	3.69%	Put
7	MIGAMICROSTRATEGY INC	2,356,858	$952.7M	3.24%	Put
8	AMDADVANCED MICRO DEVICES INC	6,512,131	$924.1M	3.14%	Put
9	NFLXNETFLIX INC	455,800	$610.4M	2.07%	Put
10	DLTRDOLLAR TREE INC	4,503,546	$446.0M	1.51%	Put
11	HYGISHARES TR	4,990,000	$402.4M	1.37%	Put
12	HOODROBINHOOD MKTS INC	3,973,832	$372.1M	1.26%	Put
13	LLYELI LILLY & CO	473,932	$369.4M	1.25%	Put
14	QC10FLAGSTAR FINANCIAL INC	34,689,439	$367.7M	1.25%
15	CNX 2.25 05/01/26CNX RES CORP	117,098,000	$307.6M	1.04%
16	PLTRPALANTIR TECHNOLOGIES INC	2,185,205	$297.9M	1.01%	Put
17	DYHTARGET CORP	3,001,363	$296.1M	1.01%	Put
18	IWMISHARES TR	1,321,051	$285.1M	0.97%	Put
19	IBITISHARES BITCOIN TRUST ETF	4,557,221	$278.9M	0.95%	Put
20	GOOGLALPHABET INC	1,574,550	$277.5M	0.94%	Put
21	ARMARM HOLDINGS PLC	1,650,000	$266.9M	0.91%	Put
22	DXCM 0.25 11/15/25DEXCOM INC	236,063,000	$232.0M	0.79%
23	UBERUBER TECHNOLOGIES INC	2,281,043	$212.8M	0.72%	Put
24	UNHUNITEDHEALTH GROUP INC	672,600	$209.8M	0.71%	Put
25	DASHDOORDASH INC	798,500	$196.8M	0.67%	Put
26	SO 3.875 12/15/25SOUTHERN CO	174,845,000	$193.6M	0.66%
27	SWTXSPRINGWORKS THERAPEUTICS INC	4,076,210	$191.5M	0.65%	Call
28	PCG 4.25 12/01/27PG&E CORP	184,195,000	$182.9M	0.62%
29	PYPLPAYPAL HLDGS INC	2,260,979	$168.0M	0.57%	Put
30	WFCWELLS FARGO CO NEW	2,073,774	$166.2M	0.56%	Put
31	HESHESS CORP	1,178,981	$163.3M	0.55%
32	ADBEADOBE INC	409,157	$158.3M	0.54%	Put
33	ABNBAIRBNB INC	1,114,609	$147.5M	0.50%	Put
34	BPBP PLC	4,825,000	$144.4M	0.49%
35	BABOEING CO	687,068	$144.0M	0.49%	Put
36	CMGCHIPOTLE MEXICAN GRILL INC	2,323,547	$130.5M	0.44%	Put
37	RIG 4.625 09/30/29 *TRANSOCEAN INC	120,466,000	$128.6M	0.44%
38	AAPLAPPLE INC	625,772	$128.4M	0.44%	Put
39	COFCAPITAL ONE FINL CORP	592,523	$126.1M	0.43%
40	INFA1EURINFORMATICA INC	5,000,000	$121.8M	0.41%
41	CRWDCROWDSTRIKE HLDGS INC	221,300	$112.7M	0.38%	Put
42	COINCOINBASE GLOBAL INC	320,828	$112.4M	0.38%	Put
43	BACBANK AMERICA CORP	2,365,177	$111.9M	0.38%	Put
44	VNOVORNADO RLTY TR	2,894,119	$110.7M	0.38%	Call
45	JPMJPMORGAN CHASE & CO.	367,571	$106.6M	0.36%	Put
46	FLUTFLUTTER ENTMT PLC	371,883	$106.3M	0.36%
47	PATHUIPATH INC	8,012,400	$102.6M	0.35%
48	VOOVANGUARD INDEX FDS	180,267	$102.4M	0.35%
49	CVXCHEVRON CORP NEW	629,850	$90.2M	0.31%	Put
50	PGPROCTER AND GAMBLE CO	560,158	$89.2M	0.30%	Put
51	MSFTMICROSOFT CORP	174,784	$86.9M	0.30%	Put
52	LQDISHARES TR	780,000	$85.5M	0.29%
53	CUZCOUSINS PPTYS INC	2,759,950	$82.9M	0.28%
54	RIG 4 12/15/25 *TRANSOCEAN INC	80,376,000	$82.0M	0.28%
55	IDCC 3.5 06/01/27INTERDIGITAL INC	27,500,000	$80.2M	0.27%
56	BAC 0.6 05/25/27 MTNBOFA FIN LLC	77,500,000	$76.3M	0.26%
57	NEMNEWMONT CORP	1,305,946	$76.1M	0.26%	Put
58	AALAMERICAN AIRLS GROUP INC	6,618,903	$74.3M	0.25%	Put
59	EWEDWARDS LIFESCIENCES CORP	934,449	$73.1M	0.25%
60	ANETARISTA NETWORKS INC	708,873	$72.5M	0.25%
61	MRKMERCK & CO INC	906,455	$71.8M	0.24%	Put
62	OHIOMEGA HEALTHCARE INVS INC	1,945,747	$71.3M	0.24%
63	SMHVANECK ETF TRUST	255,000	$71.1M	0.24%	Put
64	TTWOTAKE-TWO INTERACTIVE SOFTWAR	267,227	$64.9M	0.22%	Put
65	ULTAULTA BEAUTY INC	132,892	$62.2M	0.21%
66	FIVEFIVE BELOW INC	471,506	$61.9M	0.21%
67	BSXBOSTON SCIENTIFIC CORP	575,300	$61.8M	0.21%	Put
68	AZOAUTOZONE INC	16,358	$60.7M	0.21%
69	SLGSL GREEN RLTY CORP	963,333	$59.6M	0.20%	Call
70	BRXBRIXMOR PPTY GROUP INC	2,245,273	$58.5M	0.20%
71	DDOGDATADOG INC	428,370	$57.5M	0.20%	Put
72	NDAQNASDAQ INC	637,121	$57.0M	0.19%
73	JNPJUNIPER NETWORKS INC	1,399,515	$55.9M	0.19%	Put
74	BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD	40,000,000	$51.0M	0.17%
75	TEAMATLASSIAN CORPORATION	241,854	$49.1M	0.17%	Put
76	HDHOME DEPOT INC	132,133	$48.4M	0.16%	Put
77	RNG 0 03/15/26RINGCENTRAL INC	50,186,000	$48.4M	0.16%
78	NTSTNETSTREIT CORP	2,807,797	$47.5M	0.16%
79	MNSTMONSTER BEVERAGE CORP NEW	758,530	$47.5M	0.16%	Put
80	XLFSELECT SECTOR SPDR TR	900,000	$47.1M	0.16%
81	METAMETA PLATFORMS INC	62,475	$46.1M	0.16%	Put
82	INTCINTEL CORP	2,049,253	$45.9M	0.16%	Put
83	ALLYALLY FINL INC	1,132,259	$44.1M	0.15%
84	AKXANSYS INC	125,316	$44.0M	0.15%
85	SKAASKECHERS U S A INC	691,310	$43.6M	0.15%	Call
86	BKNGBOOKING HOLDINGS INC	7,512	$43.5M	0.15%	Put
87	AKRACADIA RLTY TR	2,325,956	$43.2M	0.15%
88	VERVVERVE THERAPEUTICS INC	3,842,798	$43.2M	0.15%	Put
89	MDBMONGODB INC	200,889	$42.2M	0.14%	Put
90	ISRGINTUITIVE SURGICAL INC	77,030	$41.9M	0.14%	Put
91	SNOWSNOWFLAKE INC	187,000	$41.8M	0.14%
92	ACHRARCHER AVIATION INC	3,851,176	$41.8M	0.14%
93	DAY 0.25 03/15/26DAYFORCE INC	43,204,000	$41.7M	0.14%
94	AMEDAMEDISYS INC	422,126	$41.5M	0.14%	Put
95	VRNT 0.25 04/15/26VERINT SYSTEMS INC	42,913,000	$41.1M	0.14%
96	GOOGALPHABET INC	226,251	$40.1M	0.14%
97	TXNTEXAS INSTRS INC	191,269	$39.7M	0.13%	Put
98	CARTMAPLEBEAR INC	875,849	$39.6M	0.13%	Call
99	FCPTFOUR CORNERS PPTY TR INC	1,443,164	$38.8M	0.13%
100	AFWALIGN TECHNOLOGY INC	205,067	$38.8M	0.13%

Page 1 of 10Next