Hudson Bay Capital Management LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Hudson Bay Capital Management LP maintained a portfolio of 1644 distinct positions. The most significant new addition to the portfolio was MICROSOFT CORP, which now represents 1.47% of the total fund value. They heavily accumulated shares in TESLA INC, increasing their position by 37.6%. The fund also reduced its exposure to AMAZON COM INC by 41.3%.
PCA Score Concentration Risk
Risk ENB
Total Positions
1644
Quarter
2025 Q4
Top Holding
TSLA (4.5%)
Top 10 Concentration
25.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 1644
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
TSLA
TESLA INC
PUT
PUT Option 4.48% 3.24% #1 3
Prev: #4
6.3 825,000 37.6%
P
S
3,020,000 $1,358,154,400 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
PUT
PUT Option 3.68% 4.40% #2 1
Prev: #1
3.5 -1,113,200 -15.7%
P
S
5,986,900 $1,116,556,850 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 3.43% 3.69% #3 1
Prev: #2
2.9 -370,728 -6.2%
P
S
5,587,227 $1,042,017,836 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TSLA
TESLA INC
Consumer Cyclical 2.69% 2.62% #4 4
Prev: #8
2.1 41,541 2.3%
P
S
1,812,516 $815,124,696 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
PUT
PUT Option 2.25% 3.19% #5
Prev: #5
1.4 -1,418,000 -32.4%
P
S
2,952,000 $681,380,640 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 1.99% 3.25% #6 3
Prev: #3
0.8 -1,840,368 -41.3%
P
S
2,610,777 $602,619,547 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
ADVANCED MICRO ...
PUT
PUT Option 1.94% 1.04% #7 11
Prev: #18
3.3 825,000 42.9%
P
S
2,750,000 $588,940,000 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TSLA
TESLA INC
CALL
CALL Option 1.84% 0.67% #8 26
Prev: #34
3.7 789,400 173.6%
P
S
1,244,000 $559,451,680 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IWM
ISHARES TR
PUT
PUT Option 1.82% 2.90% #9 3
Prev: #6
0.7 -1,351,000 -37.5%
P
S
2,249,000 $553,613,840 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
ADVANCED MICRO ...
Technology 1.66% 1.04% #10 7
Prev: #17
3.2 423,844 22.0%
P
S
2,350,000 $503,276,000 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
PUT
PUT Option 1.59% 2.63% #11 4
Prev: #7
0.6 -482,400 -40.6%
P
S
705,800 $481,299,136 2007 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PLTR
PALANTIR TECHNO...
PUT
PUT Option 1.58% 0.30% #12 52
Prev: #64
3.6 2,197,500 439.5%
P
S
2,697,500 $479,480,625 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PLTR
PALANTIR TECHNO...
Technology 1.50% 0.17% #13 83
Prev: #96
3.6 2,274,618 811.3%
P
S
2,555,000 $454,151,250 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
PUT
PUT Option 1.47% #14
Prev: #—
4.1 924,000 no change
NEW
924,000 $446,864,880 2010 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FLG
FLAGSTAR BANK N...
Financial Services 1.44% 1.33% #15 3
Prev: #12
1.6 no change no change
P
S
34,689,439 $436,740,037 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 1.33% 0.12% #16 129
Prev: #145
3.5 765,630 1104.2%
P
S
834,970 $403,808,192 2010 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NFLX
NETFLIX INC
PUT
PUT Option 1.19% 1.20% #17 3
Prev: #14
3.5 3,550,000 1183.3%
P
S
3,850,000 $360,976,000 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NFLX
NETFLIX INC
ETF 1.16% 0.41% #18 29
Prev: #47
3.5 3,647,761 3539.8%
P
S
3,750,810 $351,675,946 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/B
BERKSHIRE HATHA...
PUT
PUT Option 1.14% 1.14% #19 4
Prev: #15
1.0 6,000 0.9%
P
S
690,000 $346,828,500 2010 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 1.07% 0.86% #20 5
Prev: #25
2.4 180,863 17.9%
P
S
1,191,454 $323,908,684 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ALIBABA GROUP H...
Bond/Debt 1.04% 0.58% #21 15
Prev: #36
3.4 108,500,000 114.2%
P
S
203,500,000 $316,465,460 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 1.03% 0.09% #22 157
Prev: #179
3.4 885,845 756.5%
P
S
1,002,946 $313,922,098 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
PUT
PUT Option 1.01% 0.16% #23 80
Prev: #103
3.4 780,000 390.0%
P
S
980,000 $306,740,000 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/B
BERKSHIRE HATHA...
Financial Services 1.00% 0.97% #24 3
Prev: #21
0.9 21,851 3.7%
P
S
605,266 $304,236,955 2010 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
PUT
PUT Option 0.98% 1.57% #25 14
Prev: #11
0.4 -754,000 -40.8%
P
S
1,096,000 $297,958,560 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ECHOSTAR CORP
Bond/Debt 0.91% 0.58% #26 12
Prev: #38
2.4 12,324,790 17.5%
P
S
82,554,417 $276,526,335 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
PG&E CORP
Bond/Debt 0.89% 0.69% #27 6
Prev: #33
2.9 56,621,000 27.6%
P
S
262,066,000 $269,927,980 13F Filing 2025-12-31 2026-02-14 (Est.)
DLTR
DOLLAR TREE INC
PUT
PUT Option 0.81% 0.78% #28
Prev: #28
0.3 -500,000 -20.0%
P
S
2,000,000 $246,020,000 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CYBR
CYBERARK SOFTWA...
Technology 0.76% 0.77% #29
Prev: #29
2.3 43,160 9.1%
P
S
519,790 $231,857,527 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IBIT
ISHARES BITCOIN...
PUT
PUT Option 0.75% 1.20% #30 17
Prev: #13
0.8 -927,200 -16.7%
P
S
4,611,100 $228,941,115 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BA
BOEING CO
PUT
PUT Option 0.72% 0.35% #31 23
Prev: #54
3.3 515,500 105.7%
P
S
1,003,000 $217,771,360 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 0.62% 0.01% #32 577
Prev: #609
3.2 532,436 4390.9%
P
S
544,562 $188,472,908 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
PUT
PUT Option 0.57% #33
Prev: #—
3.7 500,000 no change
NEW
500,000 $173,050,000 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SHOP
SHOPIFY INC
PUT
PUT Option 0.57% #34
Prev: #—
3.7 1,075,000 no change
NEW
1,075,000 $173,042,750 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
COST
COSTCO WHSL COR...
PUT
PUT Option 0.57% 0.23% #36 38
Prev: #74
3.2 125,000 166.7%
P
S
200,000 $172,468,000 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
COST
COSTCO WHSL COR...
Consumer Defensive 0.57% 0.39% #35 15
Prev: #50
3.2 71,955 56.2%
P
S
200,000 $172,468,000 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HOOD
ROBINHOOD MKTS ...
PUT
PUT Option 0.57% 0.76% #37 7
Prev: #30
0.7 -80,000 -5.0%
P
S
1,520,000 $171,912,000 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
TRANSOCEAN INC
Unknown 0.56% 0.47% #38 6
Prev: #44
0.7 5,500,000 4.7%
P
S
123,646,000 $170,039,010 13F Filing 2025-12-31 2026-02-14 (Est.)
ISRG
INTUITIVE SURGI...
Healthcare 0.53% 0.10% #39 134
Prev: #173
3.2 217,368 333.7%
P
S
282,500 $159,996,700 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BP
BP PLC
Energy 0.52% 0.52% #40 2
Prev: #42
0.7 -15,000 -0.3%
P
S
4,500,000 $156,285,000 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VRT
VERTIV HOLDINGS...
Industrials 0.52% #41
Prev: #—
3.7 964,604 no change
NEW
964,604 $156,275,494 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HOOD
ROBINHOOD MKTS ...
CALL
CALL Option 0.50% 0.90% #42 20
Prev: #22
0.2 -539,300 -28.5%
P
S
1,350,000 $152,685,000 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BA
BOEING CO
Industrials 0.50% 0.11% #43 112
Prev: #155
3.2 546,328 352.0%
P
S
701,528 $152,315,759 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 0.49% 0.17% #44 55
Prev: #99
3.2 158,479 231.2%
P
S
227,028 $149,858,912 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VRT
VERTIV HOLDINGS...
PUT
PUT Option 0.49% 0.01% #45 584
Prev: #629
3.2 895,000 3580.0%
P
S
920,000 $149,049,200 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SHOP
SHOPIFY INC
Technology 0.49% 0.03% #46 315
Prev: #361
3.2 858,862 1285.0%
P
S
925,697 $149,009,447 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
PUT
PUT Option 0.48% #47
Prev: #—
3.7 222,400 no change
NEW
222,400 $146,804,016 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
UNITI GROUP LLC
Bond/Debt 0.43% 0.39% #48 4
Prev: #52
2.2 13,051,000 12.2%
P
S
120,103,000 $130,970,684 13F Filing 2025-12-31 2026-02-14 (Est.)
DIS
DISNEY WALT CO
Communication Services 0.42% #49
Prev: #—
3.7 1,126,894 no change
NEW
1,126,894 $128,206,730 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DIS
DISNEY WALT CO
PUT
PUT Option 0.41% #50
Prev: #—
3.7 1,100,000 no change
NEW
1,100,000 $125,147,000 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 1644 holdings

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