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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 57 of 58  ·  1,160 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1121 CALL PONY AI INC 2,000.0 $29K NEW $14.50
1122 REPUBLIC DIGITAL ACQUISITION 50,000.0 $29K -23K -31.8% $0.58
1123 QUETTA ACQUISITION CORP 14,090.0 $29K $2.04
1124 OAKTREE ACQUISITION CORP III 39,680.0 $28K -320.0 -0.8% $0.71
1125 DT CLOUD STAR ACQUISITION CO 195,000.0 $27K $0.14
1126 DYOR INSIGHT DIGITAL PARTNERS II Financial Services 72,400.0 $24K NEW $0.33 +2942.4%
1127 LAUNCH TWO ACQUISITION CORP. 75,000.0 $24K $0.32
1128 CHAMPIONSGATE ACQUISITION CO 125,000.0 $23K $0.18
1129 MELAR ACQUISITION CORP. I 162,500.0 $23K $0.14
1130 PYROPHYTE ACQUISITION CORP. 56,645.0 $23K $0.40
1131 ARCHIMEDES TECH SPAC PARTNER 39,994.0 $22K $0.55
1132 VNME VENDOME ACQUISITION CORP I Financial Services 87,500.0 $22K -50K -36.4% $0.25 +3962.3%
1133 BITCOIN DEPOT INC 186,527.0 $21K $0.11
1134 VOYAGER ACQUISITION CORP 100,000.0 $20K $0.20
1135 LIVE OAK ACQUISITION CORP V 20,708.0 $20K -148K -87.7% $0.98
1136 BAYVIEW ACQUISITION CORP 100,000.0 $20K $0.20
1137 GLOBA TERRA ACQUISITION COR 150,000.0 $20K $0.13
1138 WESTIN ACQUISITION CORP 100,000.0 $19K NEW $0.19
1139 CC CHEMOURS CO Basic Materials 1,537.0 $18K -120K -98.7% $11.79 +96.2%
1140 EVGO INC 238,500.0 $18K $0.08
Page 57 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%