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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 56 of 58  ·  1,160 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1101 VKTX VIKING THERAPEUTICS INC Healthcare 1,089.0 $38K NEW $35.18 -9.9%
1102 FREIGHTOS LTD 250,000.0 $37K $0.15
1103 NAUT NAUTILUS BIOTECHNOLOGY INC Healthcare 19,062.0 $37K NEW $1.95 +34.4%
1104 DYNAMIX CORP III 100,000.0 $36K NEW $0.36
1105 QUARTZSEA ACQUISITION CORP 175,000.0 $35K $0.20
1106 PANTAGES CAPITAL ACQUISITION 175,000.0 $35K $0.20
1107 BITCOIN INFRASTRUCTURE ACQUI 125,000.0 $35K NEW $0.28
1108 WRD CALL WERIDE INC Technology 4,000.0 $35K -474K -99.2% $8.68 -12.4%
1109 DIGITAL ASSET ACQUISITION CO 84,618.0 $34K -50K -37.1% $0.40
1110 VINE HILL CAP INVT CORP. 18,803.0 $34K -25K -57.1% $1.80
1111 A SPAC III ACQUISITION CORP 174,680.0 $33K -25K -12.7% $0.19
1112 MCKINLEY ACQUISITION CORP 300,000.0 $33K NEW $0.11
1113 LIGHTWAVE ACQUISITION CORP 119,845.0 $32K -5K -3.7% $0.27
1114 PROCAP ACQUISITION CORP 103,652.0 $32K +8K +8.3% $0.31
1115 PIONEER ACQUISITION I CORP 123,000.0 $32K $0.26
1116 FREIGHTOS LTD 13,947.0 $32K NEW $2.28
1117 NEW HORIZON AIRCRAFT LTD 99,290.0 $32K $0.32
1118 QUANTUMSPHERE ACQUISITION CO 150,000.0 $32K -85K -36.2% $0.21
1119 AXIOM INTELLIGENCE AC CORP 1 150,000.0 $32K $0.21
1120 AURORA INNOVATION INC 136,655.0 $31K -322K -70.2% $0.23
Page 56 of 58  ·  1,160 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%