Q2 2026 13F · SEC CIK 1393825

Hudson Bay Capital Management LP

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $19.3B
Reported positions: 1,195
Top holdings a year, 3 yrs: +26.2%
Assets under management: $40.7B

Hudson Bay Capital Management LP is a hedge fund that reported 1,195 positions worth $19.3B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Amazon Com Inc (AMZN, 5.1%), Taiwan Semiconductor Manufac (TSM, 4.8%), Tesla Inc (TSLA, 4.5%). A portfolio copying its top holdings returned 26.2% a year over the last 3 years, against 20.4% for the S&P 500.

Hudson Bay Capital Management LP holdings largest 50 of 1,195 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Hudson Bay Capital Management LP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
AMZNAmazon Com Inc	5.1%	4.1%	4,119,525	+39.6%	$981.8M
TSMTaiwan Semiconductor Manufac	4.8%	1.6%	1,933,095	+169.7%	$923.2M
TSLATesla Inc	4.5%	4.7%	2,053,052	+8.2%	$863.5M
NVDANvidia Corporation	4.1%	6.1%	3,927,100	-24.7%	$785.8M
SNDKSandisk Corp	3.6%	—	306,118	—	$696.0M
PLTRPalantir Technologies Inc	3.4%	2.6%	5,642,150	+108.3%	$658.3M
GOOGLAlphabet Inc	2.9%	0.6%	1,564,152	+400.3%	$559.0M
BRK-BBerkshire Hathaway Inc Del	2.1%	2.5%	818,279	+6.9%	$409.5M
AMDAdvanced Micro Devices Inc	2.1%	2.2%	685,802	-57.7%	$398.4M
MSFTMicrosoft Corp	2.0%	1.8%	1,041,517	+42.8%	$388.5M
METAMeta Platforms Inc	1.5%	—	511,031	—	$287.9M
INTCIntel Corp	1.4%	0.6%	1,983,366	+3.3%	$276.9M
SPCXSpace Exploration Techn Corp	1.4%	—	1,564,348	—	$267.3M
GOOGAlphabet Inc	1.1%	—	588,332	—	$207.9M
NFLXNetflix Inc.	1.1%	2.9%	2,865,240	-37.5%	$204.6M
SNPSSynopsys Inc	1.0%	—	438,900	—	$195.8M
VRTXVertex Pharmaceuticals Inc	1.0%	—	390,440	—	$193.9M
EAElectronic Arts Inc	1.0%	1.0%	900,734	+23.6%	$184.7M
AAPLApple Inc	0.9%	3.5%	631,092	-69.1%	$182.6M
NSCNorfolk Southn Corporation	0.8%	0.8%	486,264	+17.9%	$153.0M
DLTRDollar Tree Inc	0.8%	0.8%	1,261,436	+11.7%	$152.6M
WBDWarner Bros Discovery Inc	0.8%	0.9%	5,589,805	+16.6%	$149.0M
FLGFlagstar Bank National Assoc	0.8%	3.1%	9,734,256	-71.9%	$145.4M
ABTAbbott Laboratories	0.8%	—	1,600,000	—	$145.2M
ADBEAdobe Inc	0.7%	0.7%	665,580	+55.3%	$136.5M
VVisa Inc	0.7%	—	391,180	—	$134.2M
ISRGIntuitive Surgical Inc	0.7%	—	327,000	—	$130.0M
BEBloom Energy Corp	0.7%	—	421,220	—	$127.5M
MCHPMicrochip Technology Inc.	0.6%	—	1,344,000	—	$122.6M
SHOPShopify Inc	0.6%	0.8%	1,066,000	+12.2%	$121.7M
LLYEli Lilly & Co	0.6%	0.4%	100,000	+49.2%	$119.9M
SMCIPSuper Micro Computer Inc	0.6%	—	2,225,000	—	$114.2M
SPYState Str Spdr S&p 500 ETF T	0.6%	1.1%	143,000	-43.6%	$106.8M
ANETArista Networks Inc	0.6%	0.6%	623,500	-20.7%	$105.9M
UNHUnitedhealth Group Inc	0.5%	1.3%	254,280	-63.7%	$105.7M
AMGNAmgen Inc	0.5%	—	281,000	—	$101.8M
ABBVAbbvie Inc	0.5%	—	402,440	—	$101.3M
AHRAmerican Healthcare REIT Inc	0.5%	0.4%	1,906,718	+59.5%	$99.4M
ITGRInteger Hldgs Corp	0.5%	0.6%	1,000,000	+0.0%	$93.5M
BTUPeabody Engr Corp	0.5%	0.5%	3,882,918	+73.5%	$89.8M
HDHome Depot Inc	0.4%	—	237,975	—	$83.9M
BAC-PLBank of Amer Corp	0.4%	—	64,368	—	$80.7M
EOSEEos Energy Enterprises, Inc.	0.4%	—	13,683,634	—	$80.5M
PHParker-Hannifin Corp	0.4%	—	77,844	—	$76.1M
BLKBlackrock Inc	0.4%	—	77,656	—	$74.7M
MSMorgan Stanley	0.4%	—	355,511	—	$74.3M
WMTWalmart Inc	0.4%	—	632,917	—	$71.7M
WBSWebster Finl Corp	0.4%	0.6%	912,247	-23.9%	$69.7M
ETREntergy Corp New	0.3%	0.4%	569,554	+7.8%	$65.4M
NWENorthwestern Energy Group Inc Com New	0.3%	—	903,026	—	$64.7M

What Hudson Bay Capital Management LP bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

GOOGL Alphabet Inc+400.3% shares
TSM Taiwan Semiconductor Manufac+169.7% shares
PLTR Palantir Technologies Inc+108.3% shares
BTU Peabody Engr Corp+73.5% shares
AHR American Healthcare REIT Inc+59.5% shares
ADBE Adobe Inc+55.3% shares
LLY Eli Lilly & Co+49.2% shares
MSFT Microsoft Corp+42.8% shares

Reduced

FLG Flagstar Bank National Assoc-71.9% shares
AAPL Apple Inc-69.1% shares
UNH Unitedhealth Group Inc-63.7% shares
AMD Advanced Micro Devices Inc-57.7% shares
SPY State Str Spdr S&p 500 ETF T-43.6% shares
NFLX Netflix Inc.-37.5% shares
NVDA Nvidia Corporation-24.7% shares
WBS Webster Finl Corp-23.9% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +28.1% /yr; S&P 500 +20.1%
3 years: +26.2% /yr; S&P 500 +20.4%
5 years: +17.9% /yr; S&P 500 +13.0%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$19.3B	1,195
Q1 2026	$15.0B	1,249
Q4 2025	$16.0B	1,006
Q3 2025	$14.3B	984
Q2 2025	$13.6B	916
Q1 2025	$13.8B	846
Q4 2024	$14.0B	668
Q3 2024	$12.6B	606
Q2 2024	$11.7B	615
Q1 2024	$10.3B	600
Q4 2023	$10.3B	603
Q3 2023	$9.4B	679

Questions about Hudson Bay Capital Management LP's portfolio

What stocks does Hudson Bay Capital Management LP own?

Hudson Bay Capital Management LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 1,195 positions worth $19.3B. The largest are Amazon Com Inc (AMZN) at 5.1%, Taiwan Semiconductor Manufac (TSM) at 4.8%, Tesla Inc (TSLA) at 4.5%, Nvidia Corporation (NVDA) at 4.1% and Sandisk Corp (SNDK) at 3.6%.

What did Hudson Bay Capital Management LP buy last quarter?

In Q2 2026, Hudson Bay Capital Management LP added Alphabet Inc (GOOGL) (+400.3% shares), Taiwan Semiconductor Manufac (TSM) (+169.7% shares) and Palantir Technologies Inc (PLTR) (+108.3% shares), compared with its Q1 2026 filing.

What did Hudson Bay Capital Management LP sell last quarter?

In Q2 2026, Hudson Bay Capital Management LP cut from its top 50 Micron Technology Inc (MU), cut from its top 50 Broadcom Inc (AVGO), cut from its top 50 Oracle Corp (ORCL), cut from its top 50 Penumbra, Inc. (PEN), cut from its top 50 Disney Walt Co (DIS), Flagstar Bank National Assoc (FLG) (-71.9% shares), Apple Inc (AAPL) (-69.1% shares) and Unitedhealth Group Inc (UNH) (-63.7% shares), compared with its Q1 2026 filing.

How has Hudson Bay Capital Management LP's portfolio performed?

A portfolio copying Hudson Bay Capital Management LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +26.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +28.1% against +20.1%. Over 5 years: +17.9% a year against +13.0%.

When is Hudson Bay Capital Management LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Hudson Bay Capital Management LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Hudson Bay Capital Management LP manage?

Hudson Bay Capital Management LP reported $40.7B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $19.3B.