Hudson Bay Capital Management LP

CIK

1393825

Location

STAMFORD, CT

Portfolio Value

Mid $8,902,744,746

Diversification

Diversified

Filing Date

Global Rank

#237 / 8,588 ▼ 6

Top Industry

Semiconductors 19.7%

3Y Alpha vs SPY

-1.3%

Period ended 3 months ago

Filed May 13, 2026 · 35d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+71.0%

SPY

+76.8%

Annualised alpha

-1.3%

Max drawdown

−22.2%

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

1,002 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

9.3%

−0.8 pts

Top 5

31.9%

+1.0 pts

Top 10

48.2%

+4.2 pts

HHI

304

Diversified+12

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	35.4%	$8,902,744,746	103
Consumer Cyclical	15.6%	$3,930,498,277	75
Financial Services	12.2%	$3,062,386,069	230
Communication Services	9.0%	$2,256,907,331	33
Healthcare	8.1%	$2,041,431,495	221
Unclassified	5.9%	$1,480,012,335	11
Industrials	4.5%	$1,141,233,391	130
Utilities	2.9%	$717,721,009	38
Real Estate	2.5%	$625,979,250	44
Consumer Defensive	2.1%	$538,241,307	28
Energy	1.3%	$327,133,511	45
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 PLC	−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	$13,562,252
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
KLAC	Kla Corp	26,600	$39,166,106
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
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
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
REXR	Rexford Industrial Realty, Inc.	395,377	$15,308,997
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

103 positions · $8,902,744,746 total · Technology only · 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 103 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BLND	Blend Labs, Inc. Technology	NEW	11,620	NEW	$19,754	NEW	0.00%
REKR	Rekor Systems, Inc. Technology	Held	56,850	0	$46,617	−40.6%	0.00%
RZLV	Rezolve Ai PLC Technology	NEW	27,600	NEW	$70,656	NEW	0.00%
OPTX	Syntec Optics Holdings, Inc. Technology	NEW	10,660	NEW	$74,939	NEW	0.00%
MQ	Marqeta, Inc. Technology	NEW	21,010	NEW	$85,720	NEW	0.00%
NUAI	New ERA Energy & Digital, Inc. Technology	NEW	28,150	NEW	$114,289	NEW	0.00%
SEMR	SEMrush Holdings, Inc. Technology	NEW	10,740	NEW	$128,235	NEW	0.00%
SMRT	SmartRent, Inc. Technology	Added	103,075	+35,875	$154,612	+13.9%	0.00%
MNTN	MNTN, Inc. Technology	Added	20,841	+7,405	$183,400	+14.3%	0.00%
DUOT	Duos Technologies Group, Inc. Technology	Added	29,232	+2,791	$200,531	−32.6%	0.00%
LASR	Nlight, Inc. Technology	NEW	3,600	NEW	$205,272	NEW	0.00%
VSAT	Viasat Inc Technology	Reduced	4,750	-45,250	$217,550	−87.4%	0.00%
VIA	Via Transportation, Inc. Technology	NEW	15,328	NEW	$229,920	NEW	0.00%
AIFC	AI Financial Corp Technology	NEW	220,009	NEW	$244,209	NEW	0.00%
INTT	Intest Corp Technology	NEW	19,014	NEW	$259,541	NEW	0.00%
QUIK	QUICKLOGIC Corp Technology	NEW	28,477	NEW	$267,114	NEW	0.00%
PTRN	Pattern Group Inc. Technology	NEW	21,988	NEW	$273,310	NEW	0.00%
GSIT	Gsi Technology Inc Technology	NEW	54,458	NEW	$279,914	NEW	0.00%
ASYS	Amtech Systems Inc Technology	Added	24,083	+2,530	$281,289	+4.0%	0.00%
OSS	One Stop Systems, Inc. Technology	Added	37,376	+4,688	$282,936	+20.6%	0.00%
VERI	Veritone, Inc. Technology	Added	144,842	+27,000	$285,338	−47.9%	0.00%
LTRX	Lantronix Inc Technology	Added	55,140	+12,205	$288,933	+14.8%	0.00%
MRAM	Everspin Technologies Inc. Technology	Added	33,561	+4,825	$295,001	+10.6%	0.00%
OS	OneStream, Inc. Technology	Reduced	12,793	-58,129	$307,032	−76.4%	0.00%
WLTH	Wealthfront Corp Technology	Added	33,478	+15,428	$309,671	+26.2%	0.00%
KVYO	Klaviyo, Inc. Technology	NEW	19,330	NEW	$376,161	NEW	0.00%
CRM	Salesforce, Inc. Technology	NEW	2,650	NEW	$494,675	NEW	0.01%
CIFR	Cipher Digital Inc. Technology	NEW	38,650	NEW	$497,425	NEW	0.01%
CHYM	Chime Financial, Inc. Technology	NEW	36,300	NEW	$679,899	NEW	0.01%
BBAI	BigBear.ai Holdings, Inc. Technology	NEW	207,000	NEW	$728,640	NEW	0.01%
BLKB	Blackbaud Inc Technology	NEW	19,222	NEW	$742,161	NEW	0.01%
UMAC	Unusual Machines, Inc. Technology	Added	62,066	+13,220	$769,618	+23.7%	0.01%
CNXC	Concentrix Corp Technology	NEW	29,054	NEW	$794,917	NEW	0.01%
IONQ	IonQ, Inc. Technology	NEW	30,000	NEW	$864,900	NEW	0.01%
PICS	PicS N.V. Technology	NEW	83,759	NEW	$875,281	NEW	0.01%
PAY	Paymentus Holdings, Inc. Technology	NEW	38,590	NEW	$980,186	NEW	0.01%
FN	Fabrinet Technology	NEW	1,931	NEW	$1,007,055	NEW	0.01%
LPTH	Lightpath Technologies Inc Technology	Added	100,890	+38,810	$1,011,926	+50.9%	0.01%
PANW	Palo Alto Networks Inc Technology	Reduced	6,395	-18,145	$1,025,246	−77.3%	0.01%
TTAN	ServiceTitan, Inc. Technology	Added	18,470	+15,790	$1,172,106	+310.7%	0.01%
LIF	Life360, Inc. Technology	NEW	28,720	NEW	$1,172,350	NEW	0.01%
GRND	Grindr Inc. Technology	Reduced	103,519	-184,305	$1,251,544	−67.9%	0.01%
ONDS	Ondas Inc. Technology	Added	154,889	+59,679	$1,400,196	+50.7%	0.02%
HQ	Horizon Quantum Holdings Ltd. Technology	NEW	160,441	NEW	$1,410,276	NEW	0.02%
TASK	TaskUs, Inc. Technology	Reduced	222,124	-788,961	$1,490,452	−87.5%	0.02%
APH	Amphenol Corp /De/ Technology	NEW	12,057	NEW	$1,523,401	NEW	0.02%
AXTI	Axt Inc Technology	Reduced	29,536	-37,960	$1,682,961	+52.5%	0.02%
ALKT	Alkami Technology, Inc. Technology	NEW	109,020	NEW	$1,708,343	NEW	0.02%
MVIS	Microvision, Inc. Technology	NEW	3,000,000	NEW	$1,920,000	NEW	0.02%
CDNS	Cadence Design Systems Inc Technology	Reduced	7,160	-492,840	$1,989,548	−98.7%	0.02%