Hudson Bay Capital Management LP 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Hudson Bay Capital Management LP disclosed 936 US equity positions worth $15.2bn in its Q2 2025 13F filing. The largest position was NVDA at 7.3% of the reported book, followed by TSLA and MSTR. Against the Q1 2025 filing, it opened 8 new positions, added to 20 and reduced 19 among the top 50 holdings.
What did Hudson Bay Capital Management LP own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | Technology | 7.3% | $1.1bn | 7,024,302 | -31% | reduced |
| 2 | TSLA TESLA INC | Consumer Cyclical | 3.8% | $576.1m | 1,813,631 | -10% | reduced |
| 3 | MSTR MICROSTRATEGY INC | Technology | 3.2% | $481.6m | 1,191,358 | 65% | added |
| 4 | AMZN AMAZON COM INC | Consumer Cyclical | 3.1% | $471.7m | 2,150,035 | 68% | added |
| 5 | AMD ADVANCED MICRO DEVICES INC | Technology | 3.0% | $454.2m | 3,200,731 | 57% | added |
| 6 | FLG FLAGSTAR FINANCIAL INC | 2.4% | $367.7m | 34,689,439 | 0% | held | |
| 7 | BRK/B BERKSHIRE HATHAWAY INC DEL | 2.2% | $334.0m | 687,605 | 55% | added | |
| 8 | CNX RES CORP | 2.0% | $307.6m | 117,098,000 | 0% | held | |
| 9 | QQQ INVESCO QQQ TR | 2.0% | $297.4m | 539,156 | 95% | added | |
| 10 | DEXCOM INC | 1.5% | $232.0m | 236,063,000 | 79% | added | |
| 11 | SOUTHERN CO | 1.3% | $193.6m | 174,845,000 | -22% | reduced | |
| 12 | LLY ELI LILLY & CO | Healthcare | 1.3% | $191.9m | 246,232 | -37% | reduced |
| 13 | PG&E CORP | 1.2% | $182.9m | 184,195,000 | 61% | added | |
| 14 | DLTR DOLLAR TREE INC | Consumer Defensive | 1.2% | $178.6m | 1,803,546 | -12% | reduced |
| 15 | HES HESS CORP | 1.1% | $163.3m | 1,178,981 | -16% | reduced | |
| 16 | TGT TARGET CORP | Consumer Defensive | 1.0% | $148.1m | 1,501,363 | 464% | added |
| 17 | DASH DOORDASH INC | Consumer Cyclical | 1.0% | $147.5m | 598,500 | 14% | added |
| 18 | BP BP PLC | Energy | 0.9% | $144.4m | 4,825,000 | 7% | added |
| 19 | GOOGL ALPHABET INC | Communication Services | 0.9% | $140.0m | 794,550 | -45% | reduced |
| 20 | TRANSOCEAN INC | 0.8% | $128.6m | 120,466,000 | 0% | held | |
| 21 | COF CAPITAL ONE FINL CORP | Financial Services | 0.8% | $126.1m | 592,523 | -8% | reduced |
| 22 | INFA1EUR INFORMATICA INC | 0.8% | $121.8m | 5,000,000 | – | new | |
| 23 | UBER UBER TECHNOLOGIES INC | Technology | 0.7% | $112.9m | 1,210,243 | -38% | reduced |
| 24 | FLUTTER ENTMT PLC | 0.7% | $106.3m | 371,883 | -10% | reduced | |
| 25 | CMG CHIPOTLE MEXICAN GRILL INC | Consumer Cyclical | 0.7% | $105.8m | 1,883,547 | – | new |
| 26 | UNH UNITEDHEALTH GROUP INC | Healthcare | 0.7% | $104.9m | 336,300 | 154% | added |
| 27 | PATH UIPATH INC | Technology | 0.7% | $102.6m | 8,012,400 | – | new |
| 28 | VOO VANGUARD INDEX FDS | 0.7% | $102.4m | 180,267 | 756% | added | |
| 29 | ARM ARM HOLDINGS PLC | Technology | 0.6% | $97.0m | 600,000 | – | new |
| 30 | ABNB AIRBNB INC | Consumer Cyclical | 0.6% | $94.6m | 714,609 | 8555% | added |
| 31 | WFC WELLS FARGO CO NEW | Financial Services | 0.6% | $93.0m | 1,160,274 | 79% | added |
| 32 | LQD ISHARES TR | 0.6% | $85.5m | 780,000 | – | new | |
| 33 | PYPL PAYPAL HLDGS INC | Financial Services | 0.6% | $84.1m | 1,130,979 | -23% | reduced |
| 34 | CUZ COUSINS PPTYS INC | Real Estate | 0.5% | $82.9m | 2,759,950 | 41% | added |
| 35 | TRANSOCEAN INC | 0.5% | $82.0m | 80,376,000 | -31% | reduced | |
| 36 | SPY SPDR S&P 500 ETF TR | 0.5% | $81.2m | 131,499 | -38% | reduced | |
| 37 | IDCC INTERDIGITAL INC | 0.5% | $80.2m | 27,500,000 | -11% | reduced | |
| 38 | ADBE ADOBE INC | Technology | 0.5% | $78.9m | 203,957 | -26% | reduced |
| 39 | BOFA FIN LLC | 0.5% | $76.3m | 77,500,000 | -23% | reduced | |
| 40 | BAC BANK AMERICA CORP | Financial Services | 0.5% | $73.6m | 1,556,077 | -68% | reduced |
| 41 | EW EDWARDS LIFESCIENCES CORP | Healthcare | 0.5% | $73.1m | 934,449 | – | new |
| 42 | ANET ARISTA NETWORKS INC | Technology | 0.5% | $72.5m | 708,873 | 253% | added |
| 43 | OHI OMEGA HEALTHCARE INVS INC | Real Estate | 0.5% | $71.3m | 1,945,747 | – | new |
| 44 | HOOD ROBINHOOD MKTS INC | Financial Services | 0.4% | $68.3m | 729,432 | -59% | reduced |
| 45 | JPM JPMORGAN CHASE & CO. | Financial Services | 0.4% | $64.1m | 220,971 | 81% | added |
| 46 | ULTA ULTA BEAUTY INC | Consumer Cyclical | 0.4% | $62.2m | 132,892 | – | new |
| 47 | FIVE FIVE BELOW INC | Consumer Cyclical | 0.4% | $61.9m | 471,506 | 1771% | added |
| 48 | AZO AUTOZONE INC | Consumer Cyclical | 0.4% | $60.7m | 16,358 | 658% | added |
| 49 | COIN COINBASE GLOBAL INC | Financial Services | 0.4% | $59.9m | 170,828 | -86% | reduced |
| 50 | BRX BRIXMOR PPTY GROUP INC | Real Estate | 0.4% | $58.5m | 2,245,273 | 164% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.