Hudson Bay Capital Management LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Hudson Bay Capital Management LP disclosed 1005 US equity positions worth $16.4bn in its Q3 2025 13F filing. The largest position was NVDA at 6.8% of the reported book, followed by AMZN and TSLA. Against the Q2 2025 filing, it opened 5 new positions, added to 26 and reduced 16 among the top 50 holdings.
What did Hudson Bay Capital Management LP own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | Technology | 6.8% | $1.1bn | 5,957,955 | -15% | reduced |
| 2 | AMZN AMAZON COM INC | Consumer Cyclical | 5.9% | $977.3m | 4,451,145 | 107% | added |
| 3 | TSLA TESLA INC | Consumer Cyclical | 4.8% | $787.6m | 1,770,975 | -2% | reduced |
| 4 | FLG FLAGSTAR FINANCIAL INC | 2.4% | $400.7m | 34,689,439 | 0% | held | |
| 5 | SOUTHERN CO | 1.9% | $314.7m | 279,129,000 | 60% | added | |
| 6 | AMD ADVANCED MICRO DEVICES INC | Technology | 1.9% | $311.6m | 1,926,156 | -40% | reduced |
| 7 | CNX RES CORP | 1.9% | $305.4m | 122,098,000 | 4% | added | |
| 8 | BRK/B BERKSHIRE HATHAWAY INC DEL | 1.8% | $293.3m | 583,415 | -15% | reduced | |
| 9 | SPY SPDR S&P 500 ETF TR | 1.6% | $257.8m | 387,000 | 194% | added | |
| 10 | AAPL APPLE INC | Technology | 1.6% | $257.3m | 1,010,591 | 1340% | added |
| 11 | DEXCOM INC | 1.6% | $257.3m | 259,028,000 | 10% | added | |
| 12 | CYBERARK SOFTWARE LTD | 1.4% | $230.3m | 476,630 | – | new | |
| 13 | PG&E CORP | 1.3% | $208.2m | 205,445,000 | 12% | added | |
| 14 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 1.2% | $201.3m | 720,931 | 1095% | added |
| 15 | ALIBABA GROUP HLDG LTD | 1.1% | $174.7m | 95,000,000 | 138% | added | |
| 16 | ECHOSTAR CORP | 1.1% | $173.3m | 70,229,627 | 239% | added | |
| 17 | DLTR DOLLAR TREE INC | Consumer Defensive | 1.0% | $165.7m | 1,756,376 | -3% | reduced |
| 18 | EA ELECTRONIC ARTS INC | Communication Services | 1.0% | $158.9m | 788,049 | 2203% | added |
| 19 | IBIT ISHARES BITCOIN TRUST ETF | 1.0% | $156.4m | 2,406,578 | 154% | added | |
| 20 | BP BP PLC | Energy | 0.9% | $155.6m | 4,515,000 | -6% | reduced |
| 21 | MSTR STRATEGY INC | Technology | 0.9% | $147.4m | 457,611 | -62% | reduced |
| 22 | TRANSOCEAN INC | 0.9% | $142.2m | 118,146,000 | -2% | reduced | |
| 23 | DASH DOORDASH INC | Consumer Cyclical | 0.8% | $123.8m | 455,329 | -24% | reduced |
| 24 | NFLX NETFLIX INC | Communication Services | 0.8% | $123.5m | 103,049 | – | new |
| 25 | IDCC INTERDIGITAL INC | 0.7% | $123.1m | 27,500,000 | 0% | held | |
| 26 | COST COSTCO WHSL CORP NEW | Consumer Defensive | 0.7% | $118.5m | 128,045 | 1796% | added |
| 27 | UNIT UNITI GROUP LLC | 0.7% | $116.9m | 107,052,000 | – | new | |
| 28 | TMUS T-MOBILE US INC | Communication Services | 0.7% | $111.7m | 466,612 | 1439% | added |
| 29 | GOOG ALPHABET INC | Communication Services | 0.6% | $104.8m | 430,118 | 90% | added |
| 30 | ANET ARISTA NETWORKS INC | Technology | 0.6% | $101.0m | 693,427 | -2% | reduced |
| 31 | FLUTTER ENTMT PLC | 0.6% | $100.4m | 395,120 | 6% | added | |
| 32 | KEL KELLANOVA | 0.6% | $100.0m | 1,219,143 | 275% | added | |
| 33 | CUZ COUSINS PPTYS INC | Real Estate | 0.6% | $96.0m | 3,315,646 | 20% | added |
| 34 | VNO VORNADO RLTY TR | Real Estate | 0.6% | $95.6m | 2,358,316 | 58% | added |
| 35 | SLG SL GREEN RLTY CORP | Real Estate | 0.5% | $87.3m | 1,460,373 | 190% | added |
| 36 | UNH UNITEDHEALTH GROUP INC | Healthcare | 0.5% | $86.3m | 250,000 | -26% | reduced |
| 37 | BOFA FIN LLC | 0.5% | $75.1m | 75,808,000 | -2% | reduced | |
| 38 | EW EDWARDS LIFESCIENCES CORP | Healthcare | 0.4% | $72.5m | 932,720 | -0% | held |
| 39 | MERUS N V | 0.4% | $69.7m | 740,394 | 4988% | added | |
| 40 | SLB SCHLUMBERGER LTD | Energy | 0.4% | $69.0m | 2,007,420 | 479% | added |
| 41 | NTST NETSTREIT CORP | Real Estate | 0.4% | $68.5m | 3,794,639 | 35% | added |
| 42 | WDAY WORKDAY INC | Technology | 0.4% | $66.6m | 276,648 | – | new |
| 43 | CHART INDS INC | 0.4% | $66.1m | 330,360 | 4647% | added | |
| 44 | BTU PEABODY ENERGY CORP | Energy | 0.4% | $64.2m | 2,422,266 | 29% | added |
| 45 | HOOD ROBINHOOD MKTS INC | Financial Services | 0.4% | $62.4m | 436,104 | -40% | reduced |
| 46 | ABNB AIRBNB INC | Consumer Cyclical | 0.4% | $61.8m | 508,574 | -29% | reduced |
| 47 | BRX BRIXMOR PPTY GROUP INC | Real Estate | 0.4% | $61.1m | 2,208,388 | -2% | reduced |
| 48 | CTRE CARETRUST REIT INC | Real Estate | 0.4% | $59.3m | 1,710,528 | 853% | added |
| 49 | AZO AUTOZONE INC | Consumer Cyclical | 0.4% | $58.1m | 13,534 | -17% | reduced |
| 50 | PLYM PLYMOUTH INDL REIT INC | 0.3% | $56.4m | 2,525,651 | – | new |
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.