Hudson Bay Capital Management LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Hudson Bay Capital Management LP disclosed 1021 US equity positions worth $17.4bn in its Q4 2025 13F filing. The largest position was NVDA at 6.0% of the reported book, followed by TSLA and AMZN. Against the Q3 2025 filing, it opened 4 new positions, added to 35 and reduced 9 among the top 50 holdings.
What did Hudson Bay Capital Management LP own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | Technology | 6.0% | $1.0bn | 5,587,227 | -6% | reduced |
| 2 | TSLA TESLA INC | Consumer Cyclical | 4.7% | $815.1m | 1,812,516 | 2% | added |
| 3 | AMZN AMAZON COM INC | Consumer Cyclical | 3.5% | $602.6m | 2,610,777 | -41% | reduced |
| 4 | AMD ADVANCED MICRO DEVICES INC | Technology | 2.9% | $503.3m | 2,350,000 | 22% | added |
| 5 | PLTR PALANTIR TECHNOLOGIES INC | Technology | 2.6% | $454.2m | 2,555,000 | 811% | added |
| 6 | FLG FLAGSTAR BANK NATIONAL ASSOC | 2.5% | $436.7m | 34,689,439 | 0% | held | |
| 7 | MSFT MICROSOFT CORP | Technology | 2.3% | $403.8m | 834,970 | 1104% | added |
| 8 | NFLX NETFLIX INC | Communication Services | 2.0% | $351.7m | 3,750,810 | 3540% | added |
| 9 | AAPL APPLE INC | Technology | 1.9% | $323.9m | 1,191,454 | 18% | added |
| 10 | ALIBABA GROUP HLDG LTD | 1.8% | $316.5m | 203,500,000 | 114% | added | |
| 11 | GOOGL ALPHABET INC | Communication Services | 1.8% | $313.9m | 1,002,946 | 756% | added |
| 12 | BRK/B BERKSHIRE HATHAWAY INC DEL | 1.7% | $304.2m | 605,266 | 4% | added | |
| 13 | ECHOSTAR CORP | 1.6% | $276.5m | 82,554,417 | 18% | added | |
| 14 | PG&E CORP | 1.5% | $269.9m | 262,066,000 | 28% | added | |
| 15 | CYBERARK SOFTWARE LTD | 1.3% | $231.9m | 519,790 | 9% | added | |
| 16 | AVGO BROADCOM INC | Technology | 1.1% | $188.5m | 544,562 | 4391% | added |
| 17 | COST COSTCO WHSL CORP NEW | Consumer Defensive | 1.0% | $172.5m | 200,000 | 56% | added |
| 18 | TRANSOCEAN INC | 1.0% | $170.0m | 123,646,000 | 5% | added | |
| 19 | ISRG INTUITIVE SURGICAL INC | Healthcare | 0.9% | $160.0m | 282,500 | 334% | added |
| 20 | BP BP PLC | Energy | 0.9% | $156.3m | 4,500,000 | -0% | held |
| 21 | VRT VERTIV HOLDINGS CO | Industrials | 0.9% | $156.3m | 964,604 | – | new |
| 22 | BA BOEING CO | Industrials | 0.9% | $152.3m | 701,528 | 352% | added |
| 23 | META META PLATFORMS INC | Communication Services | 0.9% | $149.9m | 227,028 | 231% | added |
| 24 | SHOP SHOPIFY INC | Technology | 0.9% | $149.0m | 925,697 | 1285% | added |
| 25 | UNIT UNITI GROUP LLC | 0.8% | $131.0m | 120,103,000 | 12% | added | |
| 26 | DIS DISNEY WALT CO | Communication Services | 0.7% | $128.2m | 1,126,894 | – | new |
| 27 | WMT WALMART INC | Consumer Defensive | 0.7% | $124.7m | 1,118,872 | 495% | added |
| 28 | HONGBP HONEYWELL INTL INC | 0.7% | $123.9m | 635,078 | 1398% | added | |
| 29 | DLTR DOLLAR TREE INC | Consumer Defensive | 0.7% | $121.7m | 989,000 | -44% | reduced |
| 30 | EXK EXACT SCIENCES CORP | Basic Materials | 0.6% | $113.3m | 1,115,996 | – | new |
| 31 | ANET ARISTA NETWORKS INC | Technology | 0.6% | $103.1m | 786,516 | 13% | added |
| 32 | ADBE ADOBE INC | Technology | 0.6% | $101.5m | 290,000 | 24455% | added |
| 33 | TMUS T-MOBILE US INC | Communication Services | 0.6% | $100.5m | 495,186 | 6% | added |
| 34 | NSC NORFOLK SOUTHN CORP | Industrials | 0.6% | $96.8m | 335,320 | 121% | added |
| 35 | SNPS SYNOPSYS INC | Technology | 0.5% | $94.9m | 202,001 | 380% | added |
| 36 | BOFA FIN LLC | 0.5% | $91.8m | 84,308,000 | 11% | added | |
| 37 | SPY SPDR S&P 500 ETF TR | 0.5% | $90.1m | 132,184 | -66% | reduced | |
| 38 | EA ELECTRONIC ARTS INC | Communication Services | 0.5% | $81.2m | 397,500 | -50% | reduced |
| 39 | JANUS HENDERSON GROUP PLC | 0.5% | $79.9m | 1,678,802 | – | new | |
| 40 | CDNS CADENCE DESIGN SYSTEM INC | Technology | 0.4% | $78.1m | 250,000 | 66% | added |
| 41 | VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 0.4% | $74.6m | 164,518 | 263% | added |
| 42 | GOOG ALPHABET INC | Communication Services | 0.4% | $73.4m | 233,860 | -46% | reduced |
| 43 | AHR AMERICAN HEALTHCARE REIT INC | Real Estate | 0.4% | $72.5m | 1,541,333 | 88% | added |
| 44 | FLUTTER ENTMT PLC | 0.4% | $71.7m | 333,200 | -16% | reduced | |
| 45 | NOW SERVICENOW INC | Technology | 0.4% | $71.2m | 465,000 | 2796% | added |
| 46 | PYPL PAYPAL HLDGS INC | Financial Services | 0.4% | $69.9m | 1,197,000 | 9892% | added |
| 47 | NTST NETSTREIT CORP | Real Estate | 0.4% | $69.8m | 3,956,426 | 4% | added |
| 48 | CNC CENTENE CORP DEL | Healthcare | 0.4% | $66.9m | 1,625,000 | 1059% | added |
| 49 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.4% | $64.9m | 213,473 | -70% | reduced |
| 50 | CHART INDS INC | 0.4% | $64.2m | 311,071 | -6% | reduced |
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.