Hudson Bay Capital Management LP

CIK

1393825

Location

STAMFORD, CT

Portfolio Value

Large $25,103,489,568

Diversification

Diversified

Filing Date

Global Rank

#235 / 8,603 ▼ 5 · as of Mar 2026

Top Industry

Semiconductors 19.7%

3Y Alpha vs SPY

-1.0%

Period ended 3 months ago

Filed May 13, 2026 · 57d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+71.4%

SPY

+76.0%

Annualised alpha

-1.1%

Max drawdown

−22.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

1,009 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

9.3%

−0.8 pts

Top 5

32.0%

+1.1 pts

Top 10

48.3%

+4.4 pts

HHI

305

Diversified+14

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	35.3%	$8,867,752,413	103
Consumer Cyclical	15.7%	$3,928,958,936	76
Financial Services	12.4%	$3,101,206,090	236
Communication Services	9.0%	$2,256,907,331	33
Healthcare	8.1%	$2,043,391,478	220
Unclassified	5.9%	$1,480,012,335	11
Industrials	4.5%	$1,138,540,977	131
Utilities	2.9%	$717,721,009	38
Real Estate	2.5%	$625,979,250	44
Consumer Defensive	2.1%	$538,671,234	29
Energy	1.1%	$280,772,390	44
Basic Materials	0.5%	$123,576,125	44

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
WBD	Warner Bros. Discovery, Inc.	+7,541,656	7,727,354	$212,193,140
OPTU	Optimum Communications, Inc.	+4,292,490	10,542,481	$13,705,225
NFLX	Netflix Inc	+3,430,009	11,030,819	$1,060,613,246
AMZN	Amazon Com Inc	+2,336,020	8,014,797	$1,669,241,770
PLTR	Palantir Technologies Inc.	+2,205,719	7,458,219	$1,090,988,274
AAPL	Apple Inc.	+2,176,061	4,486,515	$1,138,632,641
VISN	Vistance Networks, Inc.	+2,046,033	4,283,779	$77,964,777
SOFI	SoFi Technologies, Inc.	+1,780,000	3,644,271	$57,871,023
ORCL	Oracle Corp	+1,731,586	1,752,463	$257,804,831
NVDA	Nvidia Corp	+1,546,667	13,405,294	$2,337,883,273
KVUE	Kenvue Inc.	+1,305,000	4,085,000	$70,425,400
KIM	Kimco Realty Corp	+1,147,934	1,487,096	$33,415,047
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+1,003,226	1,386,699	$468,634,926
NVRI	Enviri Corp	+1,000,300	2,500,300	$0
EA	Electronic Arts Inc.	+988,187	1,385,687	$282,500,008
INTC	Intel Corp	+984,163	3,875,776	$171,037,994
CHRS	Coherus Oncology, Inc.	+869,980	1,704,980	$2,881,416
PECO	Phillips Edison & Company, Inc.	+628,957	910,029	$34,053,284
CUBE	CubeSmart	+597,912	774,412	$28,382,199
MRK	Merck & Co., Inc.	+549,705	901,505	$108,442,036
TERN	Terns Pharmaceuticals, Inc.	+537,144	618,178	$32,590,343
XPOF	Xponential Fitness, Inc.	+500,000	1,250,000	$7,525,000
LEGN	Legend Biotech Corp	+451,551	1,026,551	$18,570,307
SPY	Spdr S&P 500 ETF Trust	+446,561	1,284,545	$835,390,995
WFC	Wells Fargo & Company/Mn	+413,389	657,190	$52,318,895
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BP	Bp PLC	−4,348,062	151,938	$7,141,086
CNC	Centene Corp	−3,250,000	500,000	$16,370,000
HOOD	Robinhood Markets, Inc.	−2,903,947	311,031	$21,554,447
NBIS	Nebius Group N.V.	−2,317,701	2,300	$238,648
WMT	Walmart Inc.	−2,281,066	57,806	$7,184,129
BMNR	Bitmine Immersion Technologies, Inc.	−2,084,830	59,870	$1,184,228
YEXT	Yext, Inc.	−2,050,183	902,270	$3,464,716
VRT	Vertiv Holdings Co	−1,877,462	7,142	$1,789,641
NTST	NETSTREIT Corp.	−1,711,035	2,245,391	$42,280,711
CUZ	Cousins Properties Inc	−1,534,414	285,133	$6,435,451
BA	Boeing Co	−1,390,149	364,379	$72,522,352
VNO	Vornado Realty Trust	−1,356,654	279,636	$7,267,739
DBRG	DigitalBridge Group, Inc.	−1,351,531	109,991	$1,696,060
FLY	Firefly Aerospace Inc.	−1,348,887	659,017	$18,762,213
JHG	Janus Henderson Group Ltd.	−1,324,030	354,772	$18,224,637
GOOGL	Alphabet Inc.	−1,320,273	662,673	$190,558,247
TSLA	Tesla, Inc.	−1,263,501	4,813,015	$1,789,238,326
DMAA	Drugs Made In America Acquisition Corp.	−1,252,167	297,833	$3,121,289
HON	Honeywell International Inc	−1,200,076	60,002	$14,223,654
ANGX	Angel Studios, Inc.	−1,176,649	4,117,817	$12,559,340
AMD	Advanced Micro Devices Inc	−1,061,990	4,438,010	$902,824,374
DAWN	Day One Biopharmaceuticals, Inc.	−1,030,000	670,000	$14,364,800
NSA	National Storage Affiliates Trust	−972,582	182,123	$6,873,322
TMUS	T-Mobile US, Inc.	−929,601	65,585	$13,774,816
BAC	Bank Of America Corp /De/	−905,948	10,741	$523,623
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
UNH	Unitedhealth Group Inc	1,400,000	$378,826,000
MU	Micron Technology Inc	1,000,070	$337,863,648
GLD	Spdr Gold Trust	566,690	$243,841,040
PEN	Penumbra Inc	349,038	$114,613,607
ITGR	Integer Holdings Corp	1,000,000	$88,000,000
WBS	Webster Financial Corp	1,199,249	$83,251,865
FSLR	First Solar, Inc.	400,000	$78,904,000
BE	Bloom Energy Corp	579,266	$78,484,749
MASI	Masimo Corp	330,679	$58,817,873
RTX	RTX Corp	298,555	$57,591,259
CVX	Chevron Corp	267,726	$55,392,509
POWI	Power Integrations Inc	1,000,000	$51,200,000
VAL	Valaris Ltd	499,604	$48,981,176
WELL	Welltower Inc.	235,296	$46,520,372
CSCO	Cisco Systems, Inc.	503,800	$39,089,842
ASTS	AST SpaceMobile, Inc.	451,030	$37,376,856
TXN	Texas Instruments Inc	178,990	$34,749,118
AES	Aes Corp	1,950,000	$27,475,500
SAP	Sap SE	120,000	$20,545,200
CHH	Choice Hotels International Inc /De	193,155	$19,991,542
NEE	Nextera Energy Inc	214,296	$19,903,812
IRM	Iron Mountain Inc	190,884	$19,496,891
FGII	FG Imperii Acquisition Corp.	1,948,264	$19,287,813
SKT	Tanger Inc.	552,544	$18,775,445
MESH	Meshflow Acquisition Corp	1,755,999	$17,366,830
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
NOW	ServiceNow, Inc.	930,000	$142,466,700
PYPL	PayPal Holdings, Inc.	2,394,000	$139,761,720
EXAS	EXACT SCIENCES CORP	1,115,996	$113,340,553
GS	Goldman Sachs Group Inc	121,000	$106,359,000
CRCL	Circle Internet Group, Inc.	1,000,000	$79,300,000
GTLS	Chart Industries Inc	311,071	$64,152,172
QNCX	Quince Therapeutics, Inc.	63,471	$42,525,570
FR	First Industrial Realty Trust Inc	652,741	$37,382,477
MAA	Mid America Apartment Communities Inc.	253,231	$35,176,318
CTRE	CareTrust REIT, Inc.	952,641	$34,447,498
SNY	Sanofi	680,050	$32,955,223
MA	Mastercard Inc	50,000	$28,544,000
COP	Conocophillips	300,000	$28,083,000
KDP	Keurig Dr Pepper Inc.	1,000,000	$28,010,000
PDM	Piedmont Realty Trust, Inc.	3,247,359	$27,082,974
HPE	Hewlett Packard Enterprise Co	1,000,000	$24,020,000
SLG	Sl Green Realty Corp	507,882	$23,296,547
MDLN	Medline Inc.	550,050	$23,102,100
IVT	InvenTrust Properties Corp.	740,690	$20,894,864
HPP	Hudson Pacific Properties, Inc.	1,918,515	$20,777,517
TFC	Truist Financial Corp	405,978	$19,978,177
TEVA	Teva Pharmaceutical Industries Ltd	570,000	$17,789,700
CL	Colgate Palmolive Co	207,331	$16,383,295
NVS	Novartis AG	114,346	$15,764,883
FICO	Fair Isaac Corp	9,156	$15,479,316
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,009 positions · $25,103,489,568 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,009 positions by value · page 1 of 21

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	13,405,294	+1,546,667	$2,337,883,273	+5.7%	9.31%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	4,813,015	-1,263,501	$1,789,238,326	−34.5%	7.13%
AMZN	Amazon Com Inc Consumer Cyclical	Added	8,014,797	+2,336,020	$1,669,241,770	+27.3%	6.65%
AAPL	Apple Inc. Technology	Added	4,486,515	+2,176,061	$1,138,632,641	+81.3%	4.54%
PLTR	Palantir Technologies Inc. Technology	Added	7,458,219	+2,205,719	$1,090,988,274	+16.9%	4.35%
NFLX	Netflix Inc Communication Services	Added	11,030,819	+3,430,009	$1,060,613,246	+48.8%	4.22%
AMD	Advanced Micro Devices Inc Technology	Reduced	4,438,010	-1,061,990	$902,824,374	−23.4%	3.60%
SPY	Spdr S&P 500 ETF Trust	Added	1,284,545	+446,561	$835,390,995	+46.2%	3.33%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	1,565,266	+220,000	$750,075,467	+10.9%	2.99%
MSFT	Microsoft Corp Technology	Reduced	1,474,385	-396,585	$545,773,094	−39.7%	2.17%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	1,386,699	+1,003,226	$468,634,926	+302.1%	1.87%
FLG	Flagstar Bank, National Association Financial Services	Held	34,689,439	0	$456,859,911	+4.6%	1.82%
UNH	Unitedhealth Group Inc Healthcare	NEW	1,400,000	NEW	$378,826,000	NEW	1.51%
DLTR	Dollar Tree, Inc. Consumer Defensive	Held	3,129,000	0	$342,656,790	−11.0%	1.36%
MU	Micron Technology Inc Technology	NEW	1,000,070	NEW	$337,863,648	NEW	1.35%
AVGO	Broadcom Inc. Technology	Reduced	1,000,002	-44,560	$309,510,619	−14.4%	1.23%
EA	Electronic Arts Inc. Communication Services	Added	1,385,687	+988,187	$282,500,008	+247.8%	1.13%
ORCL	Oracle Corp Technology	Added	1,752,463	+1,731,586	$257,804,831	+6235.6%	1.03%
GLD	Spdr Gold Trust	NEW	566,690	NEW	$243,841,040	NEW	0.97%
SHOP	Shopify Inc. Technology	Added	2,050,000	+49,303	$243,171,000	−24.5%	0.97%
IBIT	iShares Bitcoin Trust ETF	Reduced	5,680,862	-70,773	$218,258,718	−23.6%	0.87%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	7,727,354	+7,541,656	$212,193,140	+3864.9%	0.85%
DIS	Walt Disney Co Communication Services	Reduced	2,200,000	-26,894	$212,036,000	−16.3%	0.84%
ADBE	Adobe Inc. Technology	Added	857,000	+277,000	$208,319,560	+2.6%	0.83%
GOOGL	Alphabet Inc. Communication Services	Reduced	662,673	-1,320,273	$190,558,247	−69.3%	0.76%
INTC	Intel Corp Technology	Added	3,875,776	+984,163	$171,037,994	+60.3%	0.68%
QQQ	Invesco Qqq Trust, Series 1	Added	290,900	+200,568	$167,901,662	+202.6%	0.67%
COIN	Coinbase Global, Inc. Financial Services	Held	900,000	0	$157,149,000	−22.8%	0.63%
NSC	Norfolk Southern Corp Industrials	Added	412,553	+77,233	$118,402,711	+22.3%	0.47%
PEN	Penumbra Inc Healthcare	NEW	349,038	NEW	$114,613,607	NEW	0.46%
MRK	Merck & Co., Inc. Healthcare	Added	901,505	+549,705	$108,442,036	+192.8%	0.43%
ANET	Arista Networks, Inc. Technology	Reduced	786,500	-3,816	$96,566,470	−6.7%	0.38%
META	Meta Platforms, Inc. Communication Services	Reduced	156,361	-304,267	$89,458,818	−70.6%	0.36%
LLY	ELI LILLY & Co Healthcare	Added	97,004	+31,884	$89,221,369	+27.5%	0.36%
ITGR	Integer Holdings Corp Healthcare	NEW	1,000,000	NEW	$88,000,000	NEW	0.35%
AAL	American Airlines Group Inc. Industrials	Reduced	7,811,722	-120,626	$83,897,894	−31.0%	0.33%
WBS	Webster Financial Corp Financial Services	NEW	1,199,249	NEW	$83,251,865	NEW	0.33%
FSLR	First Solar, Inc. Technology	NEW	400,000	NEW	$78,904,000	NEW	0.31%
BE	Bloom Energy Corp Industrials	NEW	579,266	NEW	$78,484,749	NEW	0.31%
VISN	Vistance Networks, Inc. Technology	Added	4,283,779	+2,046,033	$77,964,777	+92.2%	0.31%
MSTR	Strategy Inc Technology	Reduced	617,432	-300,000	$77,055,513	−44.7%	0.31%
BTU	Peabody Energy Corp Energy	Added	2,238,356	+115,694	$73,753,830	+17.0%	0.29%
CAR	Avis Budget Group, Inc. Industrials	Added	500,000	+250,000	$72,925,000	+127.3%	0.29%
BA	Boeing Co Industrials	Reduced	364,379	-1,390,149	$72,522,352	−81.0%	0.29%
KVUE	Kenvue Inc. Consumer Defensive	Added	4,085,000	+1,305,000	$70,425,400	+46.9%	0.28%
C	Citigroup Inc Financial Services	Reduced	563,191	-539,055	$63,871,491	−50.3%	0.25%
NEOG	Neogen Corp Healthcare	Added	6,500,180	+180	$60,386,672	+32.9%	0.24%
ETR	Entergy Corp /De/ Utilities	Added	528,566	+106,903	$59,389,674	+52.4%	0.24%
MASI	Masimo Corp Healthcare	NEW	330,679	NEW	$58,817,873	NEW	0.23%
JPM	Jpmorgan Chase & Co Financial Services	Added	197,776	+120,276	$58,177,788	+133.0%	0.23%