Hudson Bay Capital Management LP

CIK 0001393825 · Q2 2026

13F Equity AUM

$35.0B

+24.2% QoQ

Positions

1,179

-70 QoQ

AUM Rank

#712

Top 6%

Skill Alpha (FF)

+6.3%/yr

Alpha Generator

Rank #608 · Top 7%

vs S&P +0.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 26.9%Top 10: 41.3%Top 20: 55.3%

TSLA6.1%

AMZN6.1%

TSM5.4%

NVDA5.1%

AMD4.2%

PLTR4.0%

GOOGL3.1%

IWM2.7%

BRK/B2.6%

SNDK2.0%

Others (1169)58.7%

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

Sector Allocation

Technology31.9%

Financial Services15.3%

Consumer Cyclical14.3%

Communication Services9.3%

Healthcare7.2%

Unclassified6.4%

Industrials4.8%

Real Estate2.9%

Other7.9%

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

Position Sizing

Positions: 1179Median: 0.01%Avg: 0.08%

0–0.5%

1142(32.4%)

0.5–1%

15(10.3%)

1–3%

15(23.3%)

3–5%

3(11.4%)

5%+

4(22.7%)

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

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Portfolio Overlap

Shared: 0Unique: 1,179vs 20 funds

0%Low

1,179

Fund positions

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.

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Position Changes This Quarter

New419Increased239Decreased294Exited473

New Positions

SNDK2.0%

+306K

SPACE EXPLORATION TE…1.0%

+2.1M

FIRSTENERGY CORP0.6%

+189.2M

AKAMAI TECHNOLOGIES …0.4%

+90.9M

V0.4%

+391K

SUPER MICRO COMPUTER…0.3%

+2.2M

UBER TECHNOLOGIES IN…0.3%

+92.0M

AMGN0.3%

+281K

EOSE0.2%

+13.7M

IBM0.2%

+200K

Increased

SATS 3.875 11/30/301.5%

+32.2M(+25%)

PCG 4.25 12/01/270.8%

+10.0M(+4%)

PLTR4.0%

+4.7M(+63%)

WBD0.9%

+3.6M(+47%)

ABT0.8%

+3.0M(+4033%)

TSM5.4%

+2.5M(+183%)

GOOGL3.1%

+2.4M(+360%)

BTU0.3%

+1.6M(+73%)

CORZ0.1%

+1.5M(+441%)

MCHP0.3%

+1.3M(+3175%)

Decreased

MSTR 0.625 09/15/280.0%

-25,700,000(-67%)

QC100.4%

-24,955,183(-72%)

RIG 4.625 09/30/29 *0.5%

-10,865,000(-8%)

BABA 0.5 06/01/310.6%

-10,000,000(-5%)

NVDA5.1%

-4,441,494(-33%)

IBIT0.3%

-2,777,600(-49%)

FXI0.1%

-2,605,700(-83%)

NFLX1.7%

-2,577,079(-23%)

AAPL1.6%

-2,508,823(-56%)

AMD4.2%

-1,917,108(-43%)

Exited

-500,070

-1,100,000

-500,000

-330,679

-1,000,000

-499,604

-1,190,416

-235,296

-2,500,300

-2,245,391

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

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Holdings

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