# Hudson Bay Capital Management LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1393825. Source: https://holderbook.com/funds/1393825-hudson-bay-capital-management-lp/

- Reported value: $36.8B
- Positions: 1,225
- Weight of the ten largest: 41.1%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.1B | 2,053,052 | 5.8% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.1B | 4,119,525 | 5.8% | 19 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.9B | 1,933,095 | 5.1% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.8B | 3,927,100 | 4.9% | 17 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.5B | 685,802 | 4.0% | 12 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.4B | 5,642,150 | 3.8% | 6 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $1.4B | 306,118 | 3.8% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.1B | 1,564,152 | 3.0% | 17 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $940.2M | 16,710 | 2.6% | 20 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $903.4M | 818,279 | 2.5% | 17 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $778.3M | 1,041,517 | 2.1% | 17 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $694.2M | 143,000 | 1.9% | 20 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $603.6M | 2,865,240 | 1.6% | 13 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $572.3M | 631,092 | 1.6% | 17 |
| ECHOSTAR CORP | - | $511.2M | 163,372,072 | 1.4% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $449.9M | 588,332 | 1.2% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $449.6M | 1,983,366 | 1.2% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $401.6M | 511,031 | 1.1% | 19 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $400.5M | 1,261,436 | 1.1% | 9 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $384.4M | 52,836 | 1.0% | 12 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $374.2M | 438,900 | 1.0% | 9 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $353.2M | 1,564,348 | 1.0% | 1 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $318.1M | 390,440 | 0.9% | 9 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $312.7M | 254,280 | 0.8% | 2 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $303.1M | 5,589,805 | 0.8% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $281.3M | 1,600,000 | 0.8% | 6 |
| PG&E CORP | - | $280.4M | 273,895,000 | 0.8% | 7 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $272.4M | 665,580 | 0.7% | 14 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $260.6M | 1,066,000 | 0.7% | 4 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $245.1M | 1,344,000 | 0.7% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $239.9M | 100,000 | 0.7% | 13 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $234.5M | 421,220 | 0.6% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $232.1M | 237,975 | 0.6% | 9 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $229.5M | 327,000 | 0.6% | 6 |
| ALIBABA GROUP HLDG LTD | - | $217.8M | 184,500,000 | 0.6% | 5 |
| FIRSTENERGY CORP | - | $206.6M | 189,240,000 | 0.6% | 1 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $203.1M | 281,000 | 0.6% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $196.9M | 402,440 | 0.5% | 2 |
| TRANSOCEAN INC | - | $185.8M | 120,378,000 | 0.5% | 15 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $184.7M | 900,734 | 0.5% | 6 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $175.8M | 119,112 | 0.5% | 20 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $175.1M | 190,000 | 0.5% | 9 |
| BOFA FIN LLC | - | $164.3M | 130,308,000 | 0.4% | 8 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $159.6M | 37,960 | 0.4% | 10 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $153.0M | 486,264 | 0.4% | 11 |
| FLAGSTAR BANK NATIONAL ASSOC | [FLG](https://holderbook.com/stocks/FLG/) | $145.4M | 9,734,256 | 0.4% | 8 |
| UNITI GROUP LLC | - | $140.9M | 116,770,000 | 0.4% | 4 |
| AMERICAN AIRLINES GROUP INC | [AAL](https://holderbook.com/stocks/AAL/) | $139.8M | 40,000 | 0.4% | 8 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $134.2M | 391,180 | 0.4% | 1 |
| AKAMAI TECHNOLOGIES INC | - | $132.9M | 90,898,000 | 0.4% | 1 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $126.6M | 355,511 | 0.3% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $119.1M | 2,210 | 0.3% | 9 |
| SUPER MICRO COMPUTER INC | [SMCIP](https://holderbook.com/stocks/SMCIP/) | $114.2M | 2,225,000 | 0.3% | 1 |
| UBER TECHNOLOGIES INC | - | $106.5M | 91,966,000 | 0.3% | 1 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $105.9M | 623,500 | 0.3% | 6 |
| AMERICAN HEALTHCARE REIT INC | [AHR](https://holderbook.com/stocks/AHR/) | $99.4M | 1,906,718 | 0.3% | 10 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $96.6M | 978,262 | 0.3% | 7 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $94.7M | 79,432 | 0.3% | 10 |
| INTEGER HLDGS CORP | [ITGR](https://holderbook.com/stocks/ITGR/) | $93.5M | 1,000,000 | 0.3% | 2 |
| PEABODY ENGR CORP | [BTU](https://holderbook.com/stocks/BTU/) | $89.8M | 3,882,918 | 0.2% | 9 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $81.8M | 57,148 | 0.2% | 2 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $81.8M | 8,220 | 0.2% | 7 |
| BANK OF AMER CORP | [BACPRL](https://holderbook.com/stocks/BACPRL/) | $80.7M | 64,368 | 0.2% | 2 |
| EOS ENERGY ENTERPRISES INC | [EOSE](https://holderbook.com/stocks/EOSE/) | $80.5M | 13,683,634 | 0.2% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $80.3M | 2,590 | 0.2% | 2 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $78.1M | 9,527 | 0.2% | 2 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $76.1M | 77,844 | 0.2% | 2 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $74.7M | 77,656 | 0.2% | 4 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $74.1M | 457,719 | 0.2% | 7 |
| PENUMBRA INC | [PEN](https://holderbook.com/stocks/PEN/) | $73.7M | 203,138 | 0.2% | 2 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $73.0M | 50,080 | 0.2% | 10 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $71.7M | 632,917 | 0.2% | 9 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $71.0M | 0 | 0.2% | 2 |
| WEBSTER FINL CORP | [WBS](https://holderbook.com/stocks/WBS/) | $69.7M | 912,247 | 0.2% | 2 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $66.6M | 730,000 | 0.2% | 4 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $65.4M | 569,554 | 0.2% | 12 |
| NORTHWESTERN ENERGY GROUP IN | [NWE](https://holderbook.com/stocks/NWE/) | $64.7M | 903,026 | 0.2% | 3 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $64.2M | 465,000 | 0.2% | 6 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $64.2M | 777,069 | 0.2% | 7 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $61.7M | 450,653 | 0.2% | 7 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $60.9M | 303,740 | 0.2% | 14 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $60.2M | 626,812 | 0.2% | 6 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $59.9M | 303,100 | 0.2% | 1 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $59.2M | 1,740,400 | 0.2% | 5 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $58.5M | 74,240 | 0.2% | 4 |
| NEOGEN CORP | [NEOG](https://holderbook.com/stocks/NEOG/) | $58.4M | 6,500,000 | 0.2% | 4 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $57.9M | 425,772 | 0.2% | 10 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $56.9M | 174,880 | 0.2% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $56.2M | 200,000 | 0.2% | 1 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $55.6M | 463,853 | 0.2% | 3 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $52.8M | 369,225 | 0.1% | 10 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $51.3M | 1,102,191 | 0.1% | 4 |
| TXNM ENERGY INC | [TXNM](https://holderbook.com/stocks/TXNM/) | $50.4M | 888,032 | 0.1% | 18 |
| CORE SCIENTIFIC INC NEW | [CORZ](https://holderbook.com/stocks/CORZ/) | $48.5M | 1,895,000 | 0.1% | 5 |
| BIOMARIN PHARMACEUTICAL INC | [BMRN](https://holderbook.com/stocks/BMRN/) | $47.2M | 825,002 | 0.1% | 31 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $47.2M | 100,000 | 0.1% | 2 |
| UDR INC | [UDR](https://holderbook.com/stocks/UDR/) | $47.1M | 1,180,557 | 0.1% | 5 |
| ALNYLAM PHARMACEUTICALS INC | [ALNY](https://holderbook.com/stocks/ALNY/) | $44.8M | 148,720 | 0.1% | 12 |
| KEEL INFRASTRUCTURE CORP | [KEEL](https://holderbook.com/stocks/KEEL/) | $44.2M | 7,698,729 | 0.1% | 1 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $44.0M | 150,880 | 0.1% | 11 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2024 | +10.9% | +10.0% | +0.8% | 66% |
| Q4 2023 | +10.2% | +11.2% | -1.0% | 74% |
| Q3 2023 | -1.5% | -3.6% | +2.0% | 66% |
| Q2 2023 | +6.1% | +8.3% | -2.2% | 65% |
| Q1 2023 | +9.0% | +7.0% | +2.0% | 70% |
| Q4 2022 | -0.1% | +7.1% | -7.2% | 67% |
| Q3 2022 | -1.4% | -5.3% | +3.9% | 65% |
| Q2 2022 | -8.1% | -16.5% | +8.4% | 68% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $36.8B | 1,225 |
| Q1 2026 | $29.0B | 1,278 |
| Q4 2025 | $30.3B | 1,040 |
| Q3 2025 | $30.1B | 1,030 |
| Q2 2025 | $29.4B | 992 |
| Q1 2025 | $32.4B | 910 |
| Q4 2024 | $28.4B | 737 |
| Q3 2024 | $24.7B | 687 |
| Q2 2024 | $21.3B | 672 |
| Q1 2024 | $18.0B | 641 |
| Q4 2023 | $15.8B | 648 |
| Q3 2023 | $25.4B | 722 |