Hudson Bay Capital Management LP

CIK 0001393825 · Q1 2026

13F Equity AUM

$28.2B

-4.0% QoQ

Positions

1,249

+225 QoQ

AUM Rank

#328

Top 3%

Skill Alpha (FF)

+6.8%/yr

Alpha Generator

Rank #450 · Top 6%

vs S&P -0.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 28.5%Top 10: 44.7%Top 20: 57.6%

NVDA8.3%

TSLA6.4%

AMZN5.9%

AAPL4.0%

PLTR3.9%

NFLX3.8%

IWM3.6%

AMD3.2%

SPY3.0%

BRK/B2.7%

Others (1239)55.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology31.6%

Financial Services19.3%

Consumer Cyclical13.9%

Communication Services7.6%

Healthcare6.5%

Unclassified4.4%

Industrials3.8%

Real Estate2.7%

Other10.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 1249Median: 0.01%Avg: 0.08%

0–0.5%

1216(33.4%)

0.5–1%

17(12.8%)

1–3%

8(14.8%)

3–5%

5(18.5%)

5%+

3(20.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 939Unique: 310vs 20 funds

12.3%Low

1,249

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

GEODE CAPITAL MANAGEMENT, LLC

20.8%

BlackRock, Inc.

17.8%

VANGUARD CAPITAL MANAGEMENT LLC

20.5%

MORGAN STANLEY

13.6%

JPMORGAN CHASE & CO

14.7%

BANK OF AMERICA CORP /DE/

14.3%

STATE STREET CORP

18.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

19.3%

FMR LLC

18.8%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

Loading overlap analysis...

Position Changes This Quarter

New510Increased272Decreased274Exited272

New Positions

GQ90.9%

+567K

UNH0.7%

+700K

MU0.6%

+500K

PEN0.4%

+349K

ITGR0.3%

+1.0M

XOP0.3%

+464K

WBS0.3%

+1.2M

BE0.3%

+579K

3M40.2%

+331K

RTX0.2%

+299K

Increased

SATS 3.875 11/30/301.7%

+48.6M(+59%)

BAC 0.6 05/25/27 MTN0.6%

+46.0M(+55%)

RIG 4.625 09/30/29 *0.9%

+7.6M(+6%)

WBD0.8%

+7.5M(+4061%)

OPTU0.1%

+4.3M(+69%)

NFLX3.8%

+3.4M(+45%)

AMZN5.9%

+2.3M(+41%)

PLTR3.9%

+2.2M(+42%)

AAPL4.0%

+2.2M(+94%)

VISN0.3%

+2.0M(+91%)

Decreased

BABA 0.5 06/01/311.0%

-9,000,000(-4%)

RIVN 3.625 10/15/300.1%

-5,000,000(-25%)

BP0.0%

-4,348,062(-97%)

CNC0.1%

-3,250,000(-87%)

UNIT 7.5 12/01/270.5%

-2,983,000(-2%)

HOOD0.1%

-2,903,947(-90%)

YNDX0.0%

-2,317,701(-100%)

BMNR0.0%

-2,084,830(-97%)

YEXT0.0%

-2,050,183(-69%)

VRT0.0%

-1,877,462(-100%)

Exited

-519,790

-1,115,996

-1,197,000

-465,000

-311,071

-52,686,000

-60,500

CRCL

-500,000

-652,741

MAA

-253,231

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...