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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 6 of 58  ·  1,160 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 NNN NNN REIT INC Real Estate 1,415,961.0 $56.1M 0.18% +815K +135.6% $39.63 +10.4%
102 IWM ISHARES TR 225,000.0 $55.4M 0.18% +180K +403.7% $246.16 +12.8%
103 INTC PUT INTEL CORP Technology 1,500,000.0 $55.4M 0.18% NEW $36.90 +214.2%
104 VNO VORNADO RLTY TR Real Estate 1,636,290.0 $54.5M 0.18% -722K -30.6% $33.28 -6.6%
105 MSFT CALL MICROSOFT CORP Technology 112,000.0 $54.2M 0.18% +60K +113.3% $483.62 -15.3%
106 COF CAPITAL ONE FINL CORP Financial Services 219,826.0 $53.3M 0.18% $242.36 -23.3%
107 GS GOLDMAN SACHS GROUP INC Financial Services 60,500.0 $53.2M 0.17% +58K +2130.0% $879.00 +10.2%
108 GS PUT GOLDMAN SACHS GROUP INC Financial Services 60,500.0 $53.2M 0.17% NEW $879.00 +10.2%
109 NVDA CALL NVIDIA CORPORATION Technology 284,500.0 $53.1M 0.17% -1.1M -78.7% $186.50 +26.4%
110 RINGCENTRAL INC 52,686,000.0 $52.2M 0.17% $0.99
111 MSTR CALL STRATEGY INC Technology 340,000.0 $51.7M 0.17% -80K -19.1% $151.95 +23.0%
112 TSM PUT TAIWAN SEMICONDUCTOR MFG LTD Technology 170,000.0 $51.7M 0.17% -452K -72.7% $303.89 +37.5%
113 MNST MONSTER BEVERAGE CORP NEW Consumer Defensive 664,840.0 $51.0M 0.17% +40K +6.4% $76.67 +11.9%
114 BAC BANK AMERICA CORP Financial Services 916,689.0 $50.4M 0.17% +166K +22.1% $55.00 -9.5%
115 INTC INTEL CORP Technology 1,355,913.0 $50.0M 0.17% +958K +240.7% $36.90 +214.2%
116 LIN LINDE PLC Basic Materials 117,286.0 $50.0M 0.17% +116K +6726.9% $426.39 +20.0%
117 AZO AUTOZONE INC Consumer Cyclical 14,676.0 $49.8M 0.16% +1K +8.4% $3391.50 -2.1%
118 DASH DOORDASH INC Communication Services 219,000.0 $49.6M 0.16% -236K -51.9% $226.48 -32.1%
119 TXNM ENERGY INC 808,116.0 $47.6M 0.16% +123K +18.0% $58.88
120 CUZ COUSINS PPTYS INC Real Estate 1,819,547.0 $46.9M 0.15% -1.5M -45.1% $25.78 +2.2%
Page 6 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%