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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 20 of 23  ·  448 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
381 CORBUS PHARMACEUTICALS HLDGS 17,089.0 $139K NEW $8.14
382 PLUG CALL PLUG POWER INC Industrials 70,000.0 $138K NEW $1.97 +72.7%
383 SMRT SMARTRENT INC Technology 67,200.0 $136K NEW $2.02 -43.6%
384 FTCI FTC SOLAR INC Energy 12,347.0 $135K NEW $10.91 -57.7%
385 XFOR X4 PHARMACEUTICALS INC Healthcare 32,239.0 $129K NEW $4.00 -4.0%
386 RLMD RELMADA THERAPEUTICS INC Healthcare 26,247.0 $127K NEW $4.83 +43.3%
387 LINEAGE CELL THERAPEUTICS IN 74,447.0 $124K NEW $1.67
388 OPENDOOR TECHNOLOGIES INC 234,929.0 $122K NEW $0.52
389 OTG ACQUISITION CORP. I 376,750.0 $121K NEW $0.32
390 RDNW RIDENOW GROUP INC Consumer Cyclical 21,365.0 $118K NEW $5.52 -32.8%
391 BNC CEA INDUSTRIES INC Industrials 18,058.0 $116K NEW $6.42 -58.1%
392 LXRX LEXICON PHARMACEUTICALS INC Healthcare 100,532.0 $116K NEW $1.15 +86.5%
393 APEX TREAS CORP 406,780.0 $113K NEW $0.28
394 LAKE SUPERIOR ACQUISITION CO 60,000.0 $112K NEW $1.86
395 ROADZEN INC 45,368.0 $109K NEW $2.41
396 HIGHVIEW MERGER CORP 375,000.0 $101K NEW $0.27
397 PROK PROKIDNEY CORP Healthcare 45,056.0 $101K NEW $2.24 -25.4%
398 RANGE CAP ACQUISITION CORP I 300,000.0 $99K NEW $0.33
399 IMDX INSIGHT MOLECULAR DIA INC Healthcare 13,061.0 $98K NEW $7.50 -16.7%
400 AREC AMERICAN RES CORP Energy 37,590.0 $93K NEW $2.48 -14.3%
Page 20 of 23  ·  448 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%