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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 5 of 14  ·  279 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 BA CALL BOEING CO Industrials 50,000.0 $10.9M 0.04% -60K -54.5% $217.12 +1.3%
82 UGI UGI CORP NEW Utilities 286,310.0 $10.7M 0.04% -13K -4.2% $37.43 -8.8%
83 CSX CSX CORP Industrials 294,910.0 $10.7M 0.04% -314K -51.5% $36.25 +26.2%
84 ATI ATI INC Industrials 91,896.0 $10.5M 0.04% -63K -40.6% $114.76 +33.8%
85 XPO XPO INC Industrials 76,900.0 $10.5M 0.03% -2K -2.8% $135.91 +49.1%
86 OPTU OPTIMUM COMMUNICATIONS INC Communication Services 6,249,991.0 $10.3M 0.03% -500K -7.4% $1.65 -51.3%
87 KNX KNIGHT-SWIFT TRANSN HLDGS IN Industrials 190,127.0 $9.9M 0.03% -106K -35.8% $52.28 +32.0%
88 RKT ROCKET COS INC Financial Services 512,669.0 $9.9M 0.03% -196K -27.6% $19.36 -31.2%
89 HD HOME DEPOT INC Consumer Cyclical 28,797.0 $9.9M 0.03% -51K -63.9% $344.10 -13.2%
90 LMT PUT LOCKHEED MARTIN CORP Industrials 20,000.0 $9.7M 0.03% -44K -69.0% $483.67 +6.4%
91 LMT LOCKHEED MARTIN CORP Industrials 20,000.0 $9.7M 0.03% -53K -72.7% $483.67 +6.4%
92 NI NISOURCE INC Utilities 231,377.0 $9.7M 0.03% -101K -30.4% $41.76 +12.1%
93 AXP AMERICAN EXPRESS CO Financial Services 26,078.0 $9.6M 0.03% -6K -17.5% $369.95 -15.8%
94 RBRK RUBRIK INC. Technology 124,000.0 $9.5M 0.03% -235K -65.5% $76.48 -16.5%
95 USB US BANCORP DEL Financial Services 170,837.0 $9.1M 0.03% -5K -2.6% $53.36 -0.2%
96 EVRG EVERGY INC Utilities 123,998.0 $9.0M 0.03% -47K -27.7% $72.49 +12.6%
97 FOLD AMICUS THERAPEUTICS INC Healthcare 622,500.0 $8.9M 0.03% -1.5M -70.0% $14.24 +1.8%
98 VNQ VANGUARD INDEX FDS 100,000.0 $8.8M 0.03% -200K -66.7% $88.49 +6.6%
99 BYD BOYD GAMING CORP Consumer Cyclical 99,812.0 $8.5M 0.03% -162K -61.8% $85.24 -7.1%
100 DYNAVAX TECHNOLOGIES CORP 550,000.0 $8.5M 0.03% -55K -9.1% $15.38
Page 5 of 14  ·  279 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%