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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 58  ·  1,160 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 SNPS PUT SYNOPSYS INC Technology 160,000.0 $75.2M 0.25% NEW $469.72 +8.6%
82 VRTX VERTEX PHARMACEUTICALS INC Healthcare 164,518.0 $74.6M 0.25% +119K +263.1% $453.36 -0.7%
83 MSTR PUT STRATEGY INC Technology 488,100.0 $74.2M 0.24% -422K -46.4% $151.95 +23.0%
84 GOOG ALPHABET INC Communication Services 233,860.0 $73.4M 0.24% -196K -45.6% $313.80 +26.6%
85 AHR AMERICAN HEALTHCARE REIT INC Real Estate 1,541,333.0 $72.5M 0.24% +721K +87.9% $47.06 +4.9%
86 FLUTTER ENTMT PLC 333,200.0 $71.7M 0.24% -62K -15.7% $215.04
87 NOW SERVICENOW INC Technology 465,000.0 $71.2M 0.23% +449K +2796.5% $153.19 -40.9%
88 NOW PUT SERVICENOW INC Technology 465,000.0 $71.2M 0.23% NEW $153.19 -40.9%
89 PYPL PAYPAL HLDGS INC Financial Services 1,197,000.0 $69.9M 0.23% +1.2M +9891.6% $58.38 -22.9%
90 PYPL PUT PAYPAL HLDGS INC Financial Services 1,197,000.0 $69.9M 0.23% NEW $58.38 -22.9%
91 NTST NETSTREIT CORP Real Estate 3,956,426.0 $69.8M 0.23% +162K +4.3% $17.64 +16.5%
92 CNC CENTENE CORP DEL Healthcare 1,625,000.0 $66.9M 0.22% +1.5M +1059.5% $41.15 +42.6%
93 TSM TAIWAN SEMICONDUCTOR MFG LTD Technology 213,473.0 $64.9M 0.21% -507K -70.4% $303.89 +37.5%
94 GTLS CHART INDS INC Industrials 311,071.0 $64.2M 0.21% -19K -5.8% $206.23 +0.5%
95 BTU PEABODY ENERGY CORP Energy 2,122,662.0 $63.0M 0.21% -300K -12.4% $29.70 -20.0%
96 GOOG PUT ALPHABET INC Communication Services 200,000.0 $62.8M 0.21% -84K -29.6% $313.80 +26.6%
97 BMNR BITMINE IMMERSION TECNOLOGIE Financial Services 2,144,700.0 $58.2M 0.19% NEW $27.15 -26.8%
98 IBIT ISHARES BITCOIN TRUST ETF Financial Services 1,140,535.0 $56.6M 0.19% -1.3M -52.6% $49.65 -9.7%
99 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 1,526,289.0 $56.5M 0.19% +88K +6.1% $37.00 -11.8%
100 EW EDWARDS LIFESCIENCES CORP Healthcare 661,600.0 $56.4M 0.19% -271K -29.1% $85.25 -4.6%
Page 5 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%