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Portfolio (Quarterly) Guide ↗

Hudson Bay Capital Management LP

· CIK 0001393825
13F Portfolio $30.3B AUM 1,279 positions Filed Feb 13, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 448 New 268 Added 279 Reduced 486 Exited
Page 2 of 14  ·  268 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 AVGO BROADCOM INC Technology 544,562.0 $188.5M 0.62% +532K +4390.9% $346.10 +21.4%
22 COST PUT COSTCO WHSL CORP NEW Consumer Defensive 200,000.0 $172.5M 0.57% +125K +166.7% $862.34 +22.1%
23 COST COSTCO WHSL CORP NEW Consumer Defensive 200,000.0 $172.5M 0.57% +72K +56.2% $862.34 +22.1%
24 TRANSOCEAN INC 123,646,000.0 $170.0M 0.56% +5.5M +4.7% $1.38
25 ISRG INTUITIVE SURGICAL INC Healthcare 282,500.0 $160.0M 0.53% +217K +333.7% $566.36 -25.1%
26 BA BOEING CO Industrials 701,528.0 $152.3M 0.50% +546K +352.0% $217.12 +1.3%
27 META META PLATFORMS INC Communication Services 227,028.0 $149.9M 0.49% +158K +231.2% $660.09 -8.1%
28 VRT PUT VERTIV HOLDINGS CO Industrials 920,000.0 $149.0M 0.49% +895K +3580.0% $162.01 +120.8%
29 SHOP SHOPIFY INC Technology 925,697.0 $149.0M 0.49% +859K +1285.0% $160.97 -38.1%
30 UNITI GROUP LLC 120,103,000.0 $131.0M 0.43% +13.1M +12.2% $1.09
31 FXI PUT ISHARES TR 3,263,700.0 $125.0M 0.41% +2.3M +226.4% $38.29 -5.4%
32 WMT WALMART INC Consumer Defensive 1,118,872.0 $124.7M 0.41% +931K +494.9% $111.41 +18.0%
33 HON HONEYWELL INTL INC Industrials 635,078.0 $123.9M 0.41% +593K +1398.3% $195.09 +9.7%
34 AAL PUT AMERICAN AIRLS GROUP INC Industrials 7,694,800.0 $118.0M 0.39% +847K +12.4% $15.33 -18.7%
35 ANET ARISTA NETWORKS INC Technology 786,516.0 $103.1M 0.34% +93K +13.4% $131.03 +8.7%
36 COIN PUT COINBASE GLOBAL INC Financial Services 450,000.0 $101.8M 0.34% +264K +141.7% $226.14 -16.2%
37 TMUS PUT T-MOBILE US INC Communication Services 500,000.0 $101.5M 0.34% +100K +25.0% $203.04 -7.8%
38 ADBE ADOBE INC Technology 290,000.0 $101.5M 0.34% +289K +10000.0% $349.99 -29.5%
39 TMUS T-MOBILE US INC Communication Services 495,186.0 $100.5M 0.33% +29K +6.1% $203.04 -7.8%
40 NSC NORFOLK SOUTHN CORP Industrials 335,320.0 $96.8M 0.32% +184K +121.4% $288.72 +9.9%
Page 2 of 14  ·  268 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 29.4%
Consumer Cyclical 14.2%
Financial Services 10.8%
Communication Services 10.2%
Healthcare 10.0%
Industrials 8.9%
Real Estate 5.7%
Consumer Defensive 4.3%
Utilities 3.3%
Energy 2.2%