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Portfolio (Quarterly) Guide ↗

Hudson Bay Capital Management LP

· CIK 0001393825
13F Portfolio $30.1B AUM Filed Dec 15, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 1198 New
Page 4 of 60  ·  1,198 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 VNO VORNADO RLTY TR Real Estate 2,358,316.0 $95.6M 0.32% NEW $40.53 -23.3%
62 SMH CALL VANECK ETF TRUST 285,800.0 $93.3M 0.31% NEW $326.36 +70.5%
63 LLY PUT ELI LILLY & CO Healthcare 120,000.0 $91.6M 0.30% NEW $763.00 +31.9%
64 PLTR PUT PALANTIR TECHNOLOGIES INC Technology 500,000.0 $91.2M 0.30% NEW $182.42 -26.7%
65 SLG SL GREEN RLTY CORP Real Estate 1,460,373.0 $87.3M 0.29% NEW $59.81 -27.3%
66 UNH PUT UNITEDHEALTH GROUP INC Healthcare 250,000.0 $86.3M 0.29% NEW $345.30 +15.6%
67 UNH UNITEDHEALTH GROUP INC Healthcare 250,000.0 $86.3M 0.29% NEW $345.30 +15.6%
68 AAL PUT AMERICAN AIRLS GROUP INC Industrials 6,847,900.0 $77.0M 0.26% NEW $11.24 +9.5%
69 IBIT CALL ISHARES BITCOIN TRUST ETF Financial Services 1,161,500.0 $75.5M 0.25% NEW $65.00 -31.0%
70 BOFA FIN LLC 75,808,000.0 $75.1M 0.25% NEW $0.99
71 EW EDWARDS LIFESCIENCES CORP Healthcare 932,720.0 $72.5M 0.24% NEW $77.77 +4.6%
72 LLY CALL ELI LILLY & CO Healthcare 95,000.0 $72.5M 0.24% NEW $763.00 +31.9%
73 MERUS N V 740,394.0 $69.7M 0.23% NEW $94.15
74 COST PUT COSTCO WHSL CORP NEW Consumer Defensive 75,000.0 $69.4M 0.23% NEW $925.63 +12.5%
75 GOOG PUT ALPHABET INC Communication Services 284,000.0 $69.2M 0.23% NEW $243.55 +63.1%
76 SLB SCHLUMBERGER LTD Energy 2,007,420.0 $69.0M 0.23% NEW $34.37 +62.2%
77 SLB PUT SCHLUMBERGER LTD Energy 2,000,000.0 $68.7M 0.23% NEW $34.37 +62.2%
78 NTST NETSTREIT CORP Real Estate 3,794,639.0 $68.5M 0.23% NEW $18.06 +13.8%
79 WDAY WORKDAY INC Technology 276,648.0 $66.6M 0.22% NEW $240.73 -50.7%
80 GTLS CHART INDS INC Industrials 330,360.0 $66.1M 0.22% NEW $200.15 +3.6%
Page 4 of 60  ·  1,198 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 25.1%
Consumer Cyclical 20.8%
Financial Services 12.5%
Real Estate 8.9%
Healthcare 7.8%
Communication Services 7.5%
Industrials 6.6%
Consumer Defensive 4.0%
Utilities 3.3%
Energy 2.7%