Hudson Bay Capital Management LP Q4 2025 Filing
Filed February 13, 2026
Portfolio Value
$30.3B
Holdings
1,040
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (1,040 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | TSLATESLA INC | 6,076,516 | $2.7B | 9.00% | Put |
| 2 | NVDANVIDIA CORPORATION | 11,858,627 | $2.2B | 7.28% | Put |
| 3 | AMZNAMAZON COM INC | 5,678,777 | $1.3B | 4.31% | Put |
| 4 | AMDADVANCED MICRO DEVICES INC | 5,500,000 | $1.2B | 3.88% | Put |
| 5 | PLTRPALANTIR TECHNOLOGIES INC | 5,252,500 | $933.0M | 3.08% | Put |
| 6 | MSFTMICROSOFT CORP | 1,870,970 | $901.0M | 2.97% | Put |
| 7 | NFLXNETFLIX INC | 7,600,810 | $711.0M | 2.34% | Put |
| 8 | BRK/BBERKSHIRE HATHAWAY INC DEL | 1,345,266 | $675.0M | 2.22% | Put |
| 9 | AAPLAPPLE INC | 2,310,454 | $626.0M | 2.06% | Put |
| 10 | GOOGLALPHABET INC | 1,982,946 | $619.0M | 2.04% | Put |
| 11 | IWMISHARES TR | 2,474,000 | $607.0M | 2.00% | Put |
| 12 | SPYSPDR S&P 500 ETF TR | 837,984 | $570.0M | 1.88% | Put |
| 13 | QC10FLAGSTAR BANK NATIONAL ASSOC | 34,689,439 | $436.0M | 1.44% | |
| 14 | DLTRDOLLAR TREE INC | 3,129,000 | $384.0M | 1.27% | Put |
| 15 | BABOEING CO | 1,754,528 | $379.0M | 1.25% | Put |
| 16 | HOODROBINHOOD MKTS INC | 3,214,978 | $361.0M | 1.19% | Put |
| 17 | AVGOBROADCOM INC | 1,044,562 | $361.0M | 1.19% | Put |
| 18 | COSTCOSTCO WHSL CORP NEW | 400,000 | $344.0M | 1.13% | Put |
| 19 | SHOPSHOPIFY INC | 2,000,697 | $321.0M | 1.06% | Put |
| 20 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 203,500,000 | $316.0M | 1.04% | |
| 21 | VRTVERTIV HOLDINGS CO | 1,884,604 | $304.0M | 1.00% | Put |
| 22 | METAMETA PLATFORMS INC | 460,628 | $301.0M | 0.99% | Put |
| 23 | IBITISHARES BITCOIN TRUST ETF | 5,751,635 | $284.0M | 0.94% | Put |
| 24 | SATS 3.875 11/30/30ECHOSTAR CORP | 82,554,417 | $276.0M | 0.91% | |
| 25 | ISRGINTUITIVE SURGICAL INC | 482,500 | $272.0M | 0.90% | Put |
| 26 | PCG 4.25 12/01/27PG&E CORP | 262,066,000 | $269.0M | 0.89% | |
| 27 | WMTWALMART INC | 2,338,872 | $259.0M | 0.85% | Put |
| 28 | DISDISNEY WALT CO | 2,226,894 | $253.0M | 0.83% | Put |
| 29 | HONHONEYWELL INTL INC | 1,260,078 | $244.0M | 0.80% | Put |
| 30 | CYBRCYBERARK SOFTWARE LTD | 519,790 | $231.0M | 0.76% | |
| 31 | COINCOINBASE GLOBAL INC | 900,000 | $202.0M | 0.67% | Put |
| 32 | ADBEADOBE INC | 580,000 | $202.0M | 0.67% | Put |
| 33 | TMUST-MOBILE US INC | 995,186 | $201.0M | 0.66% | Put |
| 34 | NBISNEBIUS GROUP N.V. | 2,320,001 | $192.0M | 0.63% | Put |
| 35 | RIG 4.625 09/30/29 *TRANSOCEAN INC | 123,646,000 | $170.0M | 0.56% | |
| 36 | SNPSSYNOPSYS INC | 362,001 | $169.0M | 0.56% | Put |
| 37 | CDNSCADENCE DESIGN SYSTEM INC | 500,000 | $156.0M | 0.51% | Put |
| 38 | BPBP PLC | 4,500,000 | $156.0M | 0.51% | |
| 39 | CNCCENTENE CORP DEL | 3,750,000 | $153.0M | 0.50% | Put |
| 40 | FXIISHARES TR | 3,953,440 | $150.0M | 0.49% | Put |
| 41 | NOWSERVICENOW INC | 930,000 | $142.0M | 0.47% | Put |
| 42 | MIGASTRATEGY INC | 917,432 | $138.0M | 0.45% | Put |
| 43 | PYPLPAYPAL HLDGS INC | 2,394,000 | $138.0M | 0.45% | Put |
| 44 | HYGISHARES TR | 1,690,000 | $135.0M | 0.44% | Put |
| 45 | GOOGALPHABET INC | 435,760 | $134.0M | 0.44% | Put |
| 46 | UNIT 7.5 12/01/27UNITI GROUP LLC | 120,103,000 | $130.0M | 0.43% | |
| 47 | TRVCCITIGROUP INC | 1,102,246 | $127.0M | 0.42% | Put |
| 48 | AALAMERICAN AIRLS GROUP INC | 7,932,348 | $120.0M | 0.40% | Put |
| 49 | VRTXVERTEX PHARMACEUTICALS INC | 264,518 | $119.0M | 0.39% | Put |
| 50 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 383,473 | $115.0M | 0.38% | Put |
| 51 | ALNYALNYLAM PHARMACEUTICALS INC | 285,000 | $112.0M | 0.37% | Put |
| 52 | EXASEXACT SCIENCES CORP | 1,115,996 | $112.0M | 0.37% | |
| 53 | GSGOLDMAN SACHS GROUP INC | 121,000 | $106.0M | 0.35% | Put |
| 54 | INTCINTEL CORP | 2,891,613 | $105.0M | 0.35% | Put |
| 55 | ANETARISTA NETWORKS INC | 790,316 | $103.0M | 0.34% | Call |
| 56 | NSCNORFOLK SOUTHN CORP | 335,320 | $95.0M | 0.31% | |
| 57 | LINLINDE PLC | 217,286 | $92.0M | 0.30% | Put |
| 58 | BAC 0.6 05/25/27 MTNBOFA FIN LLC | 84,308,000 | $91.0M | 0.30% | |
| 59 | DASHDOORDASH INC | 369,000 | $82.0M | 0.27% | Put |
| 60 | EAELECTRONIC ARTS INC | 397,500 | $81.0M | 0.27% | |
| 61 | JHGJANUS HENDERSON GROUP PLC | 1,678,802 | $79.0M | 0.26% | |
| 62 | CRCLCIRCLE INTERNET GROUP INC | 1,000,000 | $78.0M | 0.26% | Put |
| 63 | CATCATERPILLAR INC | 129,000 | $73.0M | 0.24% | Put |
| 64 | AHRAMERICAN HEALTHCARE REIT INC | 1,541,333 | $72.0M | 0.24% | |
| 65 | FLUTFLUTTER ENTMT PLC | 333,200 | $71.0M | 0.23% | |
| 66 | NTSTNETSTREIT CORP | 3,956,426 | $69.0M | 0.23% | |
| 67 | LLYELI LILLY & CO | 65,120 | $68.0M | 0.22% | Put |
| 68 | GTLSCHART INDS INC | 311,071 | $64.0M | 0.21% | |
| 69 | BTUPEABODY ENERGY CORP | 2,122,662 | $63.0M | 0.21% | |
| 70 | AFRMAFFIRM HLDGS INC | 830,000 | $60.0M | 0.20% | Put |
| 71 | BMNRBITMINE IMMERSION TECNOLOGIE | 2,144,700 | $58.0M | 0.19% | |
| 72 | CMGCHIPOTLE MEXICAN GRILL INC | 1,526,289 | $56.0M | 0.18% | |
| 73 | EWEDWARDS LIFESCIENCES CORP | 661,600 | $56.0M | 0.18% | |
| 74 | NNNNNN REIT INC | 1,415,961 | $56.0M | 0.18% | |
| 75 | NDQINVESCO QQQ TR | 90,332 | $54.0M | 0.18% | Put |
| 76 | VNOVORNADO RLTY TR | 1,636,290 | $54.0M | 0.18% | |
| 77 | COFCAPITAL ONE FINL CORP | 219,826 | $53.0M | 0.17% | |
| 78 | RNG 0 03/15/26RINGCENTRAL INC | 52,686,000 | $52.0M | 0.17% | |
| 79 | MNSTMONSTER BEVERAGE CORP NEW | 664,840 | $50.0M | 0.16% | |
| 80 | BACBANK AMERICA CORP | 916,689 | $50.0M | 0.16% | |
| 81 | AZOAUTOZONE INC | 14,676 | $49.0M | 0.16% | |
| 82 | SOFISOFI TECHNOLOGIES INC | 1,864,271 | $48.0M | 0.16% | Put |
| 83 | TXNMTXNM ENERGY INC | 808,116 | $47.0M | 0.15% | |
| 84 | CUZCOUSINS PPTYS INC | 1,819,547 | $46.0M | 0.15% | |
| 85 | BSXBOSTON SCIENTIFIC CORP | 484,000 | $46.0M | 0.15% | |
| 86 | UALUNITED AIRLS HLDGS INC | 419,169 | $46.0M | 0.15% | |
| 87 | XELXCEL ENERGY INC | 626,292 | $46.0M | 0.15% | |
| 88 | KVUEKENVUE INC | 2,780,000 | $46.0M | 0.15% | Call |
| 89 | NEOGNEOGEN CORP | 6,500,000 | $45.0M | 0.15% | |
| 90 | SRESEMPRA | 516,442 | $45.0M | 0.15% | |
| 91 | XLFSELECT SECTOR SPDR TR | 825,000 | $45.0M | 0.15% | |
| 92 | LITELUMENTUM HLDGS INC | 122,091 | $44.0M | 0.15% | Put |
| 93 | MSTR 0.625 09/15/28STRATEGY INC | 38,192,000 | $44.0M | 0.15% | |
| 94 | FLYFIREFLY AEROSPACE INC | 2,007,904 | $43.0M | 0.14% | Call |
| 95 | NBIXNEUROCRINE BIOSCIENCES INC | 305,000 | $43.0M | 0.14% | |
| 96 | ABNBAIRBNB INC | 307,000 | $41.0M | 0.14% | |
| 97 | VISNCOMMSCOPE HLDG CO INC | 2,237,746 | $40.0M | 0.13% | |
| 98 | UDRUDR INC | 1,100,339 | $40.0M | 0.13% | |
| 99 | FEFIRSTENERGY CORP | 913,137 | $40.0M | 0.13% | |
| 100 | BMRNBIOMARIN PHARMACEUTICAL INC | 670,002 | $39.0M | 0.13% |
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