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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 3 of 14  ·  268 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 PUT NEBIUS GROUP N.V. 1,150,000.0 $96.3M 0.32% +1.1M +2775.0% $83.70
42 SNPS SYNOPSYS INC Technology 202,001.0 $94.9M 0.31% +160K +379.8% $469.72 +8.6%
43 BOFA FIN LLC 84,308,000.0 $91.8M 0.30% +8.5M +11.2% $1.09
44 COIN CALL COINBASE GLOBAL INC Financial Services 390,400.0 $88.3M 0.29% +360K +1175.8% $226.14 -6.2%
45 CNC PUT CENTENE CORP DEL Healthcare 2,125,000.0 $87.4M 0.29% +2.0M +1600.0% $41.15 +42.6%
46 CDNS CADENCE DESIGN SYSTEM INC Technology 250,000.0 $78.1M 0.26% +100K +66.3% $312.58 +11.1%
47 CDNS PUT CADENCE DESIGN SYSTEM INC Technology 250,000.0 $78.1M 0.26% +100K +66.7% $312.58 +11.1%
48 VRTX VERTEX PHARMACEUTICALS INC Healthcare 164,518.0 $74.6M 0.25% +119K +263.1% $453.36 -0.7%
49 AHR AMERICAN HEALTHCARE REIT INC Real Estate 1,541,333.0 $72.5M 0.24% +721K +87.9% $47.06 +4.9%
50 NOW SERVICENOW INC Technology 465,000.0 $71.2M 0.23% +449K +2796.5% $153.19 -40.9%
51 PYPL PAYPAL HLDGS INC Financial Services 1,197,000.0 $69.9M 0.23% +1.2M +9891.6% $58.38 -22.9%
52 NTST NETSTREIT CORP Real Estate 3,956,426.0 $69.8M 0.23% +162K +4.3% $17.64 +16.5%
53 CNC CENTENE CORP DEL Healthcare 1,625,000.0 $66.9M 0.22% +1.5M +1059.5% $41.15 +42.6%
54 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 1,526,289.0 $56.5M 0.19% +88K +6.1% $37.00 -11.8%
55 NNN NNN REIT INC Real Estate 1,415,961.0 $56.1M 0.18% +815K +135.6% $39.63 +10.4%
56 IWM ISHARES TR 225,000.0 $55.4M 0.18% +180K +403.7% $246.16 +12.8%
57 MSFT CALL MICROSOFT CORP Technology 112,000.0 $54.2M 0.18% +60K +113.3% $483.62 -15.3%
58 GS GOLDMAN SACHS GROUP INC Financial Services 60,500.0 $53.2M 0.17% +58K +2130.0% $879.00 +10.2%
59 MNST MONSTER BEVERAGE CORP NEW Consumer Defensive 664,840.0 $51.0M 0.17% +40K +6.4% $76.67 +11.9%
60 BAC BANK AMERICA CORP Financial Services 916,689.0 $50.4M 0.17% +166K +22.1% $55.00 -9.5%
Page 3 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%