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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 4 of 23  ·  448 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 LVS PUT LAS VEGAS SANDS CORP Consumer Cyclical 200,000.0 $13.0M 0.04% NEW $65.09 -22.1%
62 QCOM PUT QUALCOMM INC Technology 75,000.0 $12.8M 0.04% NEW $171.05 +16.6%
63 NVO CALL NOVO-NORDISK A S Healthcare 250,000.0 $12.7M 0.04% NEW $50.88 -12.9%
64 KMB CALL KIMBERLY-CLARK CORP Consumer Defensive 125,000.0 $12.6M 0.04% NEW $100.89 -4.6%
65 DIGITALBRIDGE GROUP INC 813,922.0 $12.5M 0.04% NEW $15.34
66 UBER PUT UBER TECHNOLOGIES INC Technology 150,000.0 $12.3M 0.04% NEW $81.71 -8.3%
67 WOLF WOLFSPEED INC Technology 700,000.0 $12.2M 0.04% NEW $17.41 +220.8%
68 TNL TRAVEL PLUS LEISURE CO Consumer Cyclical 171,037.0 $12.1M 0.04% NEW $70.53 -10.7%
69 CWAN CALL CLEARWATER ANALYTICS HLDGS I Technology 500,000.0 $12.1M 0.04% NEW $24.12 +1.1%
70 PLNT PLANET FITNESS INC Consumer Cyclical 108,356.0 $11.8M 0.04% NEW $108.47 -50.9%
71 SPOT PUT SPOTIFY TECHNOLOGY S A Communication Services 20,000.0 $11.6M 0.04% NEW $580.71 -23.5%
72 APEX TREAS CORP 1,163,560.0 $11.5M 0.04% NEW $9.89
73 TDY TELEDYNE TECHNOLOGIES INC Technology 21,822.0 $11.1M 0.04% NEW $510.73 +20.8%
74 SILVERBOX CORP V 1,050,000.0 $10.7M 0.04% NEW $10.15
75 AFG AMERICAN FINL GROUP INC OHIO Financial Services 76,121.0 $10.4M 0.03% NEW $136.68 +0.0%
76 JD.COM INC 10,000,000.0 $10.0M 0.03% NEW $1.00
77 PECO PHILLIPS EDISON & CO INC Real Estate 281,072.0 $10.0M 0.03% NEW $35.57 +12.0%
78 CALL DIGITALBRIDGE GROUP INC 647,600.0 $9.9M 0.03% NEW $15.34
79 WST WEST PHARMACEUTICAL SVSC INC Healthcare 35,448.0 $9.8M 0.03% NEW $275.14 +10.1%
80 PTGX PROTAGONIST THERAPEUTICS INC Healthcare 109,615.0 $9.6M 0.03% NEW $87.34 +16.6%
Page 4 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%