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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 22 of 23  ·  448 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
421 BAIN CAP GSS INVT CORP 97,983.0 $64K NEW $0.65
422 BFLY BUTTERFLY NETWORK INC Healthcare 15,620.0 $59K NEW $3.80 +0.8%
423 EVOLUTION GLOBAL ACQUISITION 150,000.0 $57K NEW $0.38
424 SKILLZ INC 12,676.0 $55K NEW $4.31
425 PROCAP FINL INC 77,500.0 $54K NEW $0.70
426 CROWN RESV ACQUISITION CORP 300,000.0 $54K NEW $0.18
427 TAILWIND 2.0 ACQUISITION COR 300,000.0 $49K NEW $0.16
428 INVEST GREEN ACQUISITION COR 256,401.0 $49K NEW $0.19
429 EMMIS ACQUISITION CORP. 300,000.0 $45K NEW $0.15
430 AA MISSION ACQUISITION CORP 200,000.0 $44K NEW $0.22
431 GOSS GOSSAMER BIO INC Healthcare 14,180.0 $44K NEW $3.10 -89.0%
432 STEX STREAMEX CORP Financial Services 14,040.0 $43K NEW $3.03 -68.4%
433 REAX THE REAL BROKERAGE INC Real Estate 11,300.0 $41K NEW $3.65 -53.2%
434 UBER CALL UBER TECHNOLOGIES INC Technology 500.0 $41K NEW $81.71 -8.6%
435 TRAILBLAZER ACQUISITION CORP 84,172.0 $40K NEW $0.48
436 MILUNA ACQUISITION CORP 300,000.0 $39K NEW $0.13
437 VKTX VIKING THERAPEUTICS INC Healthcare 1,089.0 $38K NEW $35.18 -9.9%
438 NAUT NAUTILUS BIOTECHNOLOGY INC Healthcare 19,062.0 $37K NEW $1.95 +34.4%
439 DYNAMIX CORP III 100,000.0 $36K NEW $0.36
440 BITCOIN INFRASTRUCTURE ACQUI 125,000.0 $35K NEW $0.28
Page 22 of 23  ·  448 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%