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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 58  ·  1,160 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 ALIBABA GROUP HLDG LTD 203,500,000.0 $316.5M 1.04% +108.5M +114.2% $1.56
22 GOOGL ALPHABET INC Communication Services 1,002,946.0 $313.9M 1.03% +886K +756.5% $313.00 +28.1%
23 GOOGL PUT ALPHABET INC Communication Services 980,000.0 $306.7M 1.01% +780K +390.0% $313.00 +28.1%
24 BERKSHIRE HATHAWAY INC DEL 605,266.0 $304.2M 1.00% +22K +3.8% $502.65
25 AAPL PUT APPLE INC Technology 1,096,000.0 $298.0M 0.98% -754K -40.8% $271.86 +10.4%
26 ECHOSTAR CORP 82,554,417.0 $276.5M 0.91% +12.3M +17.6% $3.35
27 PG&E CORP 262,066,000.0 $269.9M 0.89% +56.6M +27.6% $1.03
28 DLTR PUT DOLLAR TREE INC Consumer Defensive 2,000,000.0 $246.0M 0.81% -500K -20.0% $123.01 -26.9%
29 CYBERARK SOFTWARE LTD 519,790.0 $231.9M 0.76% +43K +9.1% $446.06
30 IBIT PUT ISHARES BITCOIN TRUST ETF Financial Services 4,611,100.0 $228.9M 0.76% -927K -16.7% $49.65 -9.7%
31 BA PUT BOEING CO Industrials 1,003,000.0 $217.8M 0.72% +516K +105.7% $217.12 +1.6%
32 AVGO BROADCOM INC Technology 544,562.0 $188.5M 0.62% +532K +4390.9% $346.10 +22.9%
33 AVGO PUT BROADCOM INC Technology 500,000.0 $173.1M 0.57% NEW $346.10 +22.9%
34 SHOP PUT SHOPIFY INC Technology 1,075,000.0 $173.0M 0.57% NEW $160.97 -39.5%
35 COST COSTCO WHSL CORP NEW Consumer Defensive 200,000.0 $172.5M 0.57% +72K +56.2% $862.34 +20.7%
36 COST PUT COSTCO WHSL CORP NEW Consumer Defensive 200,000.0 $172.5M 0.57% +125K +166.7% $862.34 +20.7%
37 HOOD PUT ROBINHOOD MKTS INC Financial Services 1,520,000.0 $171.9M 0.57% -80K -5.0% $113.10 -28.6%
38 TRANSOCEAN INC 123,646,000.0 $170.0M 0.56% +5.5M +4.7% $1.38
39 ISRG INTUITIVE SURGICAL INC Healthcare 282,500.0 $160.0M 0.53% +217K +333.7% $566.36 -24.4%
40 BP BP PLC Energy 4,500,000.0 $156.3M 0.52% $34.73 +27.7%
Page 2 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%