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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 11 of 58  ·  1,160 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 ANGX ANGEL STUDIOS INC Communication Services 5,294,466.0 $24.7M 0.08% +3.3M +165.7% $4.67 -42.8%
202 FHN FIRST HORIZON CORPORATION Financial Services 1,029,675.0 $24.6M 0.08% +420K +68.8% $23.90 -1.4%
203 XBI PUT SPDR SERIES TRUST 200,000.0 $24.4M 0.08% NEW $121.93 +4.7%
204 CMI CUMMINS INC Industrials 47,730.0 $24.4M 0.08% +3K +6.1% $510.45 +32.8%
205 HPE CALL HEWLETT PACKARD ENTERPRISE C Technology 1,000,000.0 $24.0M 0.08% +200K +25.0% $24.02 +37.8%
206 YEXT YEXT INC Technology 2,952,453.0 $23.8M 0.08% +1.6M +126.2% $8.06 -57.1%
207 DAYFORCE INC 341,401.0 $23.6M 0.08% NEW $69.16
208 SLG SL GREEN RLTY CORP Real Estate 507,882.0 $23.3M 0.08% -952K -65.2% $45.87 -7.5%
209 SATS ECHOSTAR CORP Technology 212,928.0 $23.1M 0.08% -244K -53.4% $108.70 +26.2%
210 MDLN MEDLINE INC Healthcare 550,050.0 $23.1M 0.08% NEW $42.00 -13.8%
211 PODD INSULET CORP Healthcare 80,000.0 $22.7M 0.07% +67K +539.8% $284.24 -48.1%
212 WFC WELLS FARGO CO NEW Financial Services 243,801.0 $22.7M 0.07% +113K +85.7% $93.20 -21.2%
213 NEBIUS GROUP N.V. 270,001.0 $22.6M 0.07% +241K +819.4% $83.71
214 RIVIAN AUTOMOTIVE INC 20,000,000.0 $22.5M 0.07% $1.12
215 KVUE KENVUE INC Consumer Defensive 1,280,000.0 $22.1M 0.07% +541K +73.3% $17.25 -0.8%
216 SPOT SPOTIFY TECHNOLOGY S A Communication Services 37,950.0 $22.0M 0.07% +1K +3.9% $580.71 -24.8%
217 LVS LAS VEGAS SANDS CORP Consumer Cyclical 328,084.0 $21.4M 0.07% +314K +2178.7% $65.09 -21.4%
218 PNC PNC FINL SVCS GROUP INC Financial Services 101,499.0 $21.2M 0.07% +9K +9.4% $208.73 +2.0%
219 IVT INVENTRUST PPTYS CORP Real Estate 740,690.0 $20.9M 0.07% -83K -10.1% $28.21 +11.1%
220 HUDSON PAC PPTYS INC 1,918,515.0 $20.8M 0.07% NEW $10.83
Page 11 of 58  ·  1,160 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%