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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 9 of 14  ·  279 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
161 SNDX SYNDAX PHARMACEUTICALS INC Healthcare 165,000.0 $3.5M 0.01% -85K -34.0% $21.01 -6.7%
162 PUT STUBHUB HLDGS INC 250,000.0 $3.4M 0.01% -75K -23.1% $13.53
163 SMH VANECK ETF TRUST 9,280.0 $3.3M 0.01% -131K -93.4% $360.13 +51.0%
164 RGEN REPLIGEN CORP Healthcare 20,000.0 $3.3M 0.01% -1K -4.8% $163.86 -36.0%
165 ABUS ARBUTUS BIOPHARMA CORP Healthcare 675,000.0 $3.2M 0.01% -125K -15.6% $4.81 -13.1%
166 EXP EAGLE MATLS INC Basic Materials 15,167.0 $3.1M 0.01% -10K -40.9% $206.68 -4.4%
167 PFSI PENNYMAC FINL SVCS INC NEW Financial Services 22,883.0 $3.0M 0.01% -22K -49.3% $131.84 -34.6%
168 TNK TEEKAY TANKERS LTD Energy 56,159.0 $3.0M 0.01% -20K -26.5% $53.42 +44.4%
169 FWRD FORWARD AIR CORP Industrials 119,385.0 $3.0M 0.01% -79K -39.7% $25.00 -64.7%
170 FLS FLOWSERVE CORP Industrials 42,996.0 $3.0M 0.01% -96K -69.1% $69.38 -5.1%
171 EMPD EMPERY DIGITAL INC Consumer Cyclical 650,000.0 $3.0M 0.01% -350K -35.0% $4.57 +4.9%
172 PHIN PHINIA INC Consumer Cyclical 45,988.0 $2.9M 0.01% -21K -31.0% $62.69 +21.4%
173 OC OWENS CORNING NEW Industrials 25,604.0 $2.9M 0.01% -35K -58.1% $111.91 +1.1%
174 GTLB GITLAB INC Technology 76,240.0 $2.9M 0.01% -54K -41.3% $37.53 -33.1%
175 CHRW C H ROBINSON WORLDWIDE INC Industrials 17,608.0 $2.8M 0.01% -6K -24.4% $160.76 +4.9%
176 AGIO AGIOS PHARMACEUTICALS INC Healthcare 100,000.0 $2.7M 0.01% -22K -18.4% $27.22 +3.9%
177 MLAC MOUNTAIN LAKE ACQUISITION CO Financial Services 260,429.0 $2.7M 0.01% -440K -62.8% $10.40 +1.8%
178 AMRIZE LTD 49,885.0 $2.7M 0.01% -20K -28.7% $54.08
179 LAUNCH TWO ACQUISITION CORP. 251,261.0 $2.6M 0.01% -48K -16.1% $10.50
180 BLDR BUILDERS FIRSTSOURCE INC Industrials 25,363.0 $2.6M 0.01% -31K -54.8% $102.89 -31.5%
Page 9 of 14  ·  279 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%