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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 8 of 58  ·  1,160 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 BMRN BIOMARIN PHARMACEUTICAL INC Healthcare 670,002.0 $39.8M 0.13% -24K -3.4% $59.43 -13.7%
142 CRCL PUT CIRCLE INTERNET GROUP INC Financial Services 500,000.0 $39.6M 0.13% +150K +42.9% $79.30 +41.0%
143 CRCL CIRCLE INTERNET GROUP INC Financial Services 500,000.0 $39.6M 0.13% +499K +10000.0% $79.30 +41.0%
144 QQQ PUT INVESCO QQQ TR Financial Services 64,300.0 $39.5M 0.13% -746K -92.1% $614.31 +15.6%
145 FLY FIREFLY AEROSPACE INC Industrials 1,787,904.0 $39.5M 0.13% -24K -1.3% $22.07 +104.0%
146 BIIB BIOGEN INC Healthcare 221,860.0 $39.0M 0.13% -31K -12.4% $175.99 +8.1%
147 HOOD ROBINHOOD MKTS INC Financial Services 344,978.0 $39.0M 0.13% -91K -20.9% $113.10 -32.0%
148 ENTERGY CORP NEW 421,663.0 $39.0M 0.13% +91K +27.6% $92.43
149 AKR ACADIA RLTY TR Real Estate 1,888,022.0 $38.8M 0.13% -64K -3.3% $20.54 +2.9%
150 CAT PUT CATERPILLAR INC Industrials 67,500.0 $38.7M 0.13% NEW $572.87 +54.5%
151 MS MORGAN STANLEY Financial Services 216,874.0 $38.5M 0.13% +134K +163.0% $177.53 +8.7%
152 IONS IONIS PHARMACEUTICALS INC Healthcare 475,000.0 $37.6M 0.12% -40K -7.8% $79.11 -6.9%
153 FR FIRST INDL RLTY TR INC Real Estate 652,741.0 $37.4M 0.12% +261K +66.5% $57.27 +6.9%
154 MRK PUT MERCK & CO INC Healthcare 350,000.0 $36.8M 0.12% -250K -41.7% $105.26 +5.8%
155 HOLOGIC INC 490,000.0 $36.5M 0.12% NEW $74.49
156 BNTX BIONTECH SE Healthcare 375,000.0 $35.7M 0.12% +170K +82.9% $95.20 -7.6%
157 CAT CATERPILLAR INC Industrials 61,500.0 $35.2M 0.12% +59K +2475.4% $572.87 +54.5%
158 MAA MID-AMER APT CMNTYS INC Real Estate 253,231.0 $35.2M 0.12% NEW $138.91 -8.7%
159 ROKU ROKU INC Communication Services 323,326.0 $35.1M 0.12% -8K -2.5% $108.49 +14.2%
160 BHC BAUSCH HEALTH COS INC Healthcare 5,000,000.0 $34.8M 0.12% $6.95 -21.7%
Page 8 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%