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Portfolio (Quarterly) Guide ↗

Hudson Bay Capital Management LP

· CIK 0001393825
13F Portfolio $30.3B AUM 1,279 positions Filed Feb 13, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 448 New 268 Added 279 Reduced 486 Exited
Page 13 of 14  ·  268 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
241 PLANET LABS PBC 116,060.0 $999K 0.00% +21K +22.1% $8.61
242 STZ CONSTELLATION BRANDS INC Consumer Defensive 7,066.0 $975K 0.00% +3K +91.5% $137.96 +5.6%
243 ONDS ONDAS HLDGS INC Technology 95,210.0 $929K 0.00% +71K +299.5% $9.76 +3.8%
244 DSGX DESCARTES SYS GROUP INC Technology 10,000.0 $877K 0.00% +5K +100.0% $87.66 -22.3%
245 DCH AMERICAN AXLE & MFG HLDGS IN Industrials 135,205.0 $867K 0.00% +118K +703.8% $6.41 -0.5%
246 AIRSHIP AI HLDGS INC 1,058,284.0 $847K 0.00% +46K +4.6% $0.80
247 WDC WESTERN DIGITAL CORP Technology 4,764.0 $821K 0.00% +3K +171.3% $172.27 +177.6%
248 KODIAK AI INC. 506,840.0 $775K 0.00% +280K +123.5% $1.53
249 ATAT ATOUR LIFESTYLE HLDGS LTD Consumer Cyclical 19,000.0 $749K 0.00% +8K +79.2% $39.40 -4.6%
250 JOBY AVIATION INC 184,570.0 $731K 0.00% +110K +147.8% $3.96
251 LPTH LIGHTPATH TECHNOLOGIES INC Technology 62,080.0 $670K 0.00% +52K +489.4% $10.80 +12.5%
252 EQ EQUILLIUM INC Healthcare 428,538.0 $664K 0.00% +150K +53.9% $1.55 +40.6%
253 NOC NORTHROP GRUMMAN CORP Industrials 1,000.0 $570K 0.00% +321.0 +47.3% $570.21 -4.9%
254 INFLECTION PT ACQUISITION CO 1,300,000.0 $468K 0.00% +288K +28.4% $0.36
255 CWEN CLEARWAY ENERGY INC Utilities 12,298.0 $409K 0.00% +4K +44.4% $33.26 +9.1%
256 ARMADA ACQUISITION CORP II 375,776.0 $334K 0.00% +34K +10.1% $0.89
257 GALT GALECTIN THERAPEUTICS INC Healthcare 78,145.0 $325K 0.00% +63K +427.1% $4.16 -47.8%
258 MDXHEALTH SA 55,658.0 $199K 0.00% +41K +271.9% $3.57
259 BERTO ACQUISITION CORP 521,341.0 $193K 0.00% +102K +24.2% $0.37
260 EVOLV TECHNOLOGIES HLDNGS IN 636,678.0 $190K 0.00% +265K +71.3% $0.30
Page 13 of 14  ·  268 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 29.4%
Consumer Cyclical 14.2%
Financial Services 10.8%
Communication Services 10.2%
Healthcare 10.0%
Industrials 8.9%
Real Estate 5.7%
Consumer Defensive 4.3%
Utilities 3.3%
Energy 2.2%