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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 7 of 58  ·  1,160 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 UAL UNITED AIRLS HLDGS INC Industrials 419,169.0 $46.9M 0.15% -6K -1.5% $111.82 -17.0%
122 C PUT CITIGROUP INC Financial Services 400,000.0 $46.7M 0.15% NEW $116.69 +4.9%
123 XEL XCEL ENERGY INC Utilities 626,292.0 $46.3M 0.15% +113K +22.0% $73.86 +5.5%
124 BSX BOSTON SCIENTIFIC CORP Healthcare 484,000.0 $46.1M 0.15% $95.35 -41.4%
125 SRE SEMPRA Utilities 516,442.0 $45.6M 0.15% +39K +8.2% $88.29 +2.4%
126 NEOG NEOGEN CORP Healthcare 6,500,000.0 $45.4M 0.15% +1.5M +30.0% $6.99 +17.2%
127 VRTX PUT VERTEX PHARMACEUTICALS INC Healthcare 100,000.0 $45.3M 0.15% NEW $453.36 -3.6%
128 XLF SELECT SECTOR SPDR TR 825,000.0 $45.2M 0.15% -75K -8.3% $54.77 -5.5%
129 LITE PUT LUMENTUM HLDGS INC Technology 121,500.0 $44.8M 0.15% NEW $368.59 +163.4%
130 STRATEGY INC 38,192,000.0 $44.7M 0.15% +23.2M +154.6% $1.17
131 NBIX NEUROCRINE BIOSCIENCES INC Healthcare 305,000.0 $43.3M 0.14% +264K +652.9% $141.83 +11.7%
132 LLY PUT ELI LILLY & CO Healthcare 40,000.0 $43.0M 0.14% -80K -66.7% $1074.68 -6.3%
133 AFRM PUT AFFIRM HLDGS INC Technology 577,500.0 $43.0M 0.14% NEW $74.43 -13.5%
134 LIN PUT LINDE PLC Basic Materials 100,000.0 $42.6M 0.14% NEW $426.39 +18.7%
135 ABNB AIRBNB INC Consumer Cyclical 307,000.0 $41.7M 0.14% -202K -39.6% $135.72 -1.0%
136 C CITIGROUP INC Financial Services 352,246.0 $41.1M 0.14% -93K -20.8% $116.69 +4.9%
137 FE FIRSTENERGY CORP Utilities 913,137.0 $40.9M 0.14% +80K +9.6% $44.77 -2.1%
138 C CALL CITIGROUP INC Financial Services 350,000.0 $40.8M 0.14% NEW $116.69 +4.9%
139 VISN COMMSCOPE HLDG CO INC Technology 2,237,746.0 $40.6M 0.13% -191K -7.8% $18.13 -37.3%
140 UDR UDR INC Real Estate 1,100,339.0 $40.4M 0.13% +710K +182.2% $36.68 +0.7%
Page 7 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%