Hudson Bay Capital Management LP
Follow13F filer, CIK 1393825, STAMFORD, CT
Hudson Bay Capital Management LP reported $28,981,838,636 across 1,378 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-13. Its ten largest share positions make up 31.31% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001393825-26-000041
- Period
- 2026-03-31
- Reported value
- $29B
- Holdings
- 1,378
- Top 10 weight
- 31.31%
- New
- 564
- Sold out
- 346
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| AAPLadded | +848,061 | $215M |
| UNHnew | +700,000 | $189M |
| TSMadded | +503,226 | $170M |
| MUnew | +500,070 | $169M |
| WBDadded | +4,746,856 | $130M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| VRTreduced | -957,462 | -$240M |
| CYBERARK SOFTWARE LTD/ISRAELexited | -519,790 | -$232M |
| BPreduced | -4,348,062 | -$204M |
| GOOGLreduced | -690,273 | -$198M |
| COSTreduced | -192,745 | -$192M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Back to all 1,249 share positions
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| NVDANVIDIA CORPORATION COM | put | 6,945,500 | $1.21B | +958,600 |
| TSLATESLA INC COM | put | 2,553,600 | $949M | -466,400 |
| AMZNAMAZON COM INC COM | put | 4,312,000 | $898M | +1,360,000 |
| IWMISHARES TR SHS | put | 3,517,200 | $872M | +1,268,200 |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 931,000 | $605M | +225,200 |
| PLTRPALANTIR TECHNOLOGIES INC COM | put | 4,000,000 | $585M | +1,302,500 |
| NFLXNETFLIX INC. COM | put | 5,900,000 | $567M | +2,050,000 |
| AAPLAPPLE INC COM | put | 2,164,000 | $549M | +1,068,000 |
| AMDADVANCED MICRO DEVICES INC COM | put | 2,407,500 | $490M | -342,500 |
| BRK-BBERKSHIRE HATHAWAY INC DEL COM | put | 800,000 | $383M | +110,000 |
| MSFTMICROSOFT CORP COM | put | 725,000 | $268M | -199,000 |
| HYGISHARES TR IBOXX HI YD ETF | put | 3,000,000 | $239M | +1,500,000 |
| TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS | put | 670,000 | $226M | +500,000 |
| DLTRDOLLAR TREE INC Stock | put | 2,000,000 | $219M | 0 |
| NVDANVIDIA CORPORATION COM | call | 1,241,500 | $217M | +957,000 |
| UNHUNITEDHEALTH GROUP INC COM | put | 700,000 | $189M | new |
| GLDSPDR GOLD TR GOLD SHS | put | 403,400 | $174M | new |
| MUMICRON TECHNOLOGY INC COM | put | 500,000 | $169M | new |
| AMZNAMAZON COM INC COM | call | 751,400 | $156M | +635,400 |
| AVGOBROADCOM INC COM | put | 500,000 | $155M | 0 |
| TSLATESLA INC COM | call | 361,800 | $134M | -882,200 |
| EAELECTRONIC ARTS INC Stock | put | 657,000 | $134M | new |
| ORCLORACLE CORP COM | put | 910,000 | $134M | new |
| SHOPSHOPIFY INC CL A SUB VTG SHS | put | 1,100,000 | $130M | +25,000 |
| IBITISHARES BITCOIN TRUST ETF SHS | put | 3,302,600 | $127M | -1,308,500 |
| QQQINVESCO QQQ TR COM | call | 214,900 | $124M | new |
| PLTRPALANTIR TECHNOLOGIES INC COM | call | 750,000 | $110M | new |
| DISDISNEY WALT CO COM | put | 1,100,000 | $106M | 0 |
| ADBEADOBE INC COM | put | 428,500 | $104M | +138,500 |
| GOOGLALPHABET INC COM | put | 350,000 | $101M | -630,000 |
| MRKMERCK & CO INC COM | put | 800,000 | $96.2M | +450,000 |
| INTCINTEL CORP COM | put | 1,955,000 | $86.3M | +455,000 |
| AMDADVANCED MICRO DEVICES INC COM | call | 407,700 | $82.9M | +7,700 |
| AALAMERICAN AIRLINES GROUP INC Stock | put | 7,694,800 | $82.6M | 0 |
| FXIISHARES TR CHINA LG-CAP ETF | put | 2,263,700 | $81.3M | -1,000,000 |
| WBDWARNER BROS DISCOVERY INC Stock | put | 2,935,300 | $80.6M | new |
| COINCOINBASE GLOBAL INC Stock | put | 450,000 | $78.6M | 0 |
| AAPLAPPLE INC COM | call | 283,000 | $71.8M | +260,000 |
| GLDSPDR GOLD TR GOLD SHS | call | 151,700 | $65.3M | new |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | call | 100,000 | $65M | new |
| XLFSELECT SECTOR SPDR TR SHS | put | 1,300,000 | $64.2M | new |
| BABOEING CO COM | put | 315,000 | $62.7M | -688,000 |
| IWMISHARES TR SHS | call | 244,700 | $60.7M | new |
| NFLXNETFLIX INC. COM | call | 550,000 | $52.9M | new |
| XOPSPDR SERIES TRUST S&P OILGAS EXP | put | 290,000 | $52.7M | new |
| SMHVANECK ETF TRUST COM | put | 131,400 | $50.4M | +124,700 |
| MSTRSTRATEGY INC Stock | put | 388,100 | $48.4M | -100,000 |
| COINCOINBASE GLOBAL INC Stock | call | 275,000 | $48M | -115,400 |
| FSLRFIRST SOLAR INC Stock | put | 200,000 | $39.5M | new |
| SOFISOFI TECHNOLOGIES INC Stock | put | 2,420,000 | $38.4M | +1,115,000 |
| METAMETA PLATFORMS INC COM | put | 65,400 | $37.4M | -157,000 |
| XBISPDR SERIES TRUST S&P BIOTECH | put | 292,500 | $37.4M | +92,500 |
| BEBLOOM ENERGY CORP COM | put | 258,000 | $35M | new |
| NVONOVO-NORDISK A S ADR | call | 950,000 | $34.9M | +700,000 |
| XOPSPDR SERIES TRUST S&P OILGAS EXP | call | 170,000 | $30.9M | new |
| SPOTSPOTIFY TECHNOLOGY S A STOK | call | 60,000 | $29.1M | new |
| QQQINVESCO QQQ TR COM | put | 50,000 | $28.9M | -14,300 |
| COHRCOHERENT CORP Stock | put | 120,000 | $28.6M | new |
| LLYELI LILLY & CO COM | put | 30,000 | $27.6M | -10,000 |
| XLUSELECT SECTOR SPDR TR SHS | put | 570,000 | $26.2M | new |
| GOOGALPHABET INC COM | put | 90,000 | $25.8M | -110,000 |
| ASTSAST SPACEMOBILE INC Stock | put | 300,000 | $24.9M | new |
| ECHOECHOSTAR CORP CL A | call | 200,000 | $23.4M | new |
| METAMETA PLATFORMS INC COM | call | 38,200 | $21.9M | +27,000 |
| IBITISHARES BITCOIN TRUST ETF SHS | call | 500,000 | $19.2M | new |
| UBERUBER TECHNOLOGIES INC COM | put | 266,600 | $19.2M | +116,600 |
| CNCCENTENE CORP DEL Stock | put | 500,000 | $16.4M | -1,625,000 |
| TERNTERNS PHARMACEUTICALS INC Stock | call | 257,300 | $13.6M | new |
| GOOGALPHABET INC COM | call | 45,000 | $12.9M | +43,100 |
| ASTSAST SPACEMOBILE INC Stock | call | 150,000 | $12.4M | new |
| JNJJOHNSON & JOHNSON COM | put | 50,000 | $12.2M | new |
| CYTKCYTOKINETICS INC COM NEW | put | 161,000 | $10.6M | new |
| QCOMQUALCOMM INC COM | put | 80,000 | $10.3M | +5,000 |
| SAPSAP SE ADR | put | 60,000 | $10.3M | new |
| EWYISHARES INC MSCI STH KOR ETF | put | 81,100 | $9.98M | new |
| HOODROBINHOOD MKTS INC COM | put | 140,000 | $9.7M | -1,380,000 |
| SOXSDIREXION SHARES ETF TRUST DAI SEM 3X ETF | put | 196,260 | $7.82M | new |
| QCOMQUALCOMM INC COM | call | 59,500 | $7.66M | +22,000 |
| MSFTMICROSOFT CORP COM | call | 20,000 | $7.4M | -92,000 |
| LQDALIQUIDIA CORPORATION Stock | put | 193,500 | $7.3M | new |
| HONHONEYWELL INTL INC COM | put | 30,000 | $6.78M | -595,000 |
| BROSDUTCH BROS INC CL A | call | 127,900 | $6.48M | new |
| IDYAIDEAYA BIOSCIENCES INC Stock | put | 191,000 | $6.36M | new |
| SOXXISHARES TR COM | put | 18,800 | $6.18M | new |
| BMYBRISTOL-MYERS SQUIBB CO COM | put | 100,000 | $6.07M | new |
| RTXRTX CORPORATION COM | call | 30,000 | $5.79M | new |
| ECHOECHOSTAR CORP CL A | put | 47,800 | $5.6M | -100,000 |
| CRHCRH PLC Stock | call | 50,000 | $5.26M | new |
| HTZHERTZ GLOBAL HLDGS INC COM NEW | call | 1,125,000 | $5.19M | +625,000 |
| RVMDREVOLUTION MEDICINES INC Stock | put | 50,000 | $4.86M | new |
| PZZAPAPA JOHNS INTL INC COM | call | 150,000 | $4.86M | new |
| EATBRINKER INTL INC Stock | put | 32,500 | $4.64M | new |
| IYTISHARES TR US TRSPRTION | put | 60,000 | $4.48M | new |
| LGNDLIGAND PHARMACEUTICALS INC COM NEW | put | 22,400 | $4.47M | new |
| QGENQIAGEN NV Stock | call | 100,000 | $4M | new |
| CATCATERPILLAR INC COM | put | 5,000 | $3.54M | -62,500 |
| GMGENERAL MTRS CO Stock | put | 40,000 | $2.98M | -85,000 |
| LEGNLEGEND BIOTECH CORP SPONSORED ADS | call | 150,200 | $2.72M | new |
| LQDALIQUIDIA CORPORATION Stock | call | 70,000 | $2.64M | new |
| NNNEXTNAV INC COMMON STOCK | call | 150,000 | $2.4M | new |
| FLSFLOWSERVE CORP COM | put | 30,000 | $2.21M | new |
| WVEWAVE LIFE SCIENCES LTD Stock | call | 290,400 | $2.11M | new |
| IMAXIMAX CORP COM | call | 54,500 | $2.07M | new |
| SBUXSTARBUCKS CORP COM | call | 15,000 | $1.34M | new |
| JHXJAMES HARDIE INDS PLC Stock | call | 70,000 | $1.33M | new |
| TVTXTRAVERE THERAPEUTICS INC COM | put | 44,200 | $1.31M | -856,100 |
| SRPTSAREPTA THERAPEUTICS INC COM | call | 50,000 | $1.09M | 0 |
| CFCF INDUSTRIES HOLD Stock | put | 8,000 | $1.04M | new |
| IONQIONQ INC Stock | call | 30,000 | $865K | new |
| SLVMSYLVAMO CORP COMMON STOCK | call | 20,000 | $845K | new |
| SFDSMITHFIELD FOODS INC COMMON STOCK | put | 30,000 | $839K | new |
| FPSFORGENT POWER SOLUTIONS INC COM SHS CL A | call | 25,000 | $732K | new |
| BBAIBIGBEAR AI HLDGS INC Stock | call | 207,000 | $729K | new |
| CLWCLEARWATER PAPER CORP COM | call | 45,000 | $647K | new |
| JBTMJBT MAREL CORPORATION COM | call | 5,000 | $639K | new |
| FRMIFERMI INC COM | call | 100,000 | $584K | new |
| DBRGDIGITALBRIDGE GROUP INC CL A NEW | call | 15,100 | $233K | -632,500 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3 | principal | 131,204,072 | $470M | +48,649,655 |
| PG&E CORPPG&E CORP NOTE 4.250%12/0 | principal | 263,895,000 | $275M | +1,829,000 |
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 | principal | 194,500,000 | $270M | -9,000,000 |
| TRANSOCEAN INCTRANSOCEAN INC DEB 4.625% 9/3 | principal | 131,243,000 | $266M | +7,597,000 |
| BOFA FIN LLCBOFA FIN LLC MTNF 0.600% 5/2 | principal | 130,308,000 | $156M | +46,000,000 |
| UNITI GROUP LLCUNITI GROUP LLC COM | principal | 117,120,000 | $136M | -2,983,000 |
| STRATEGY INCSTRATEGY INC NOTE 0.625% 9/1 | principal | 38,192,000 | $42.1M | 0 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 | principal | 15,000,000 | $14.4M | -5,000,000 |
| H WORLD GROUP LTDH WORLD GROUP LTD Convertible bond | principal | 10,000,000 | $13.5M | 0 |
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 13,500,000 | $12.1M | new |
| SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1 | principal | 5,000,000 | $5.56M | new |
| EVOLENT HEALTH INCEVOLENT HEALTH INC DEBT 4.500% 8/1 | principal | 5,000,000 | $2.55M | 0 |
Sold out in Q1 2026
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 346. All 346
| Security | Shares before | Value before | Type |
|---|---|---|---|
| CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL | 519,790 | $232M | shares |
| COSTCOSTCO WHOLESALE CORPORATION | 200,000 | $172M | put |
| HOODROBINHOOD MKTS INC | 1,350,000 | $153M | call |
| VRTVERTIV HOLDINGS CO | 920,000 | $149M | put |
| EXASEXACT SCIENCES CORP | 1,115,996 | $113M | shares |
| ISRGINTUITIVE SURGICAL INC | 200,000 | $113M | put |
| WMTWALMART INC | 920,000 | $102M | put |
| TMUST-MOBILE US INC | 500,000 | $102M | put |
| NBISNEBIUS GROUP N.V. | 1,150,000 | $96.3M | put |
| ALNYALNYLAM PHARMACEUTICALS INC | 200,000 | $79.5M | put |
| CDNSCADENCE DESIGN SYSTEM INC | 250,000 | $78.1M | put |
| NBISNEBIUS GROUP N.V. | 900,000 | $75.3M | call |
| SNPSSYNOPSYS INC | 160,000 | $75.2M | put |
| NOWSERVICENOW INC | 465,000 | $71.2M | shares |
| NOWSERVICENOW INC | 465,000 | $71.2M | put |
| PYPLPAYPAL HLDGS INC | 1,197,000 | $69.9M | shares |
| PYPLPAYPAL HLDGS INC | 1,197,000 | $69.9M | put |
| CNCCENTENE CORP DEL | 1,625,000 | $66.9M | shares |
| GTLSCHART INDS INC | 311,071 | $64.2M | shares |
| GSGOLDMAN SACHS GROUP INC | 60,500 | $53.2M | shares |
| GSGOLDMAN SACHS GROUP INC | 60,500 | $53.2M | put |
| RINGCENTRAL INCRINGCENTRAL INC | 52,686,000 | $52.2M | principal |
| MSTRSTRATEGY INC | 340,000 | $51.7M | call |
| CCITIGROUP INC | 400,000 | $46.7M | put |
| VRTXVERTEX PHARMACEUTICALS INC | 100,000 | $45.3M | put |
| LITELUMENTUM HLDGS INC | 121,500 | $44.8M | put |
| AFRMAFFIRM HLDGS INC | 577,500 | $43M | put |
| LINLINDE PLC | 100,000 | $42.6M | put |
| CCITIGROUP INC | 350,000 | $40.8M | call |
| CRCLCIRCLE INTERNET GROUP INC | 500,000 | $39.6M | shares |
| CRCLCIRCLE INTERNET GROUP INC | 500,000 | $39.6M | put |
| FRFIRST INDL RLTY TR INC | 652,741 | $37.4M | shares |
| MAAMID-AMER APT CMNTYS INC | 253,231 | $35.2M | shares |
| CTRECARETRUST REIT INC | 952,641 | $34.4M | shares |
| DASHDOORDASH INC | 150,000 | $34M | put |
| WMTWALMART INC | 300,000 | $33.4M | call |
| CFLTCONFLUENT INC-CLASS A | 1,000,000 | $30.2M | shares |
| VAIL RESORTS INCVAIL RESORTS INC | 30,236,000 | $30.2M | principal |
| DAYFORCE INCDAYFORCE INC | 29,204,000 | $28.9M | principal |
| MAMASTERCARD INCORPORATED | 50,000 | $28.5M | shares |
| SNYSANOFI SA | 580,050 | $28.1M | shares |
| COPCONOCOPHILLIPS | 300,000 | $28.1M | shares |
| KDPKEURIG DR PEPPER INC | 1,000,000 | $28M | call |
| PDMPIEDMONT REALTY TRUST INC | 3,247,359 | $27.1M | shares |
| KVUEKENVUE INC | 1,500,000 | $25.9M | call |
| BRK-BBERKSHIRE HATHAWAY INC DEL | 50,000 | $25.1M | call |
| HPEHEWLETT PACKARD ENTERPRISE C | 1,000,000 | $24M | call |
| DAYDAYFORCE INC | 341,401 | $23.6M | shares |
| SLGSL GREEN RLTY CORP | 507,882 | $23.3M | shares |
| MDLNMEDLINE INC | 550,050 | $23.1M | shares |
| IVTINVENTRUST PPTYS CORP | 740,690 | $20.9M | shares |
| HPPHUDSON PACIFIC PROPERTIES IN | 1,918,515 | $20.8M | shares |
| TFCTRUIST FINL CORP | 405,978 | $20M | shares |
| KNXKNIGHT-SWIFT TRANSN HLDGS IN | 361,400 | $18.9M | put |
| MESHUMESHFLOW ACQUISITION CORP | 1,756,000 | $17.6M | shares |
| DLTRDOLLAR TREE INC | 140,000 | $17.2M | call |
| AVADEL PHARMACEUTICALSAVADEL PHARMACEUTICALS | 782,239 | $16.9M | shares |
| CLCOLGATE PALMOLIVE CO | 207,331 | $16.4M | shares |
| NVSNOVARTIS AG | 114,346 | $15.8M | shares |
| RNAMAVIDITY BIOSCIENCES INC | 218,226 | $15.7M | shares |
| FICOFAIR ISAAC CORP | 9,156 | $15.5M | shares |
| TEVATEVA PHARMACEUTICAL INDS LTD | 495,000 | $15.4M | put |
| REXRREXFORD INDL RLTY INC | 395,377 | $15.3M | shares |
| ALUBUALUSSA ENERGY ACQUISIT CORP | 1,483,280 | $15M | shares |
| XLPSELECT SECTOR SPDR TR | 185,000 | $14.4M | shares |
| AAMAA MISSION ACQUISITION COR-A | 1,317,094 | $14.1M | shares |
| EATBRINKER INTL INC | 96,520 | $13.9M | shares |
| BRXBRIXMOR PPTY GROUP INC | 519,845 | $13.6M | shares |
| LVSLAS VEGAS SANDS CORP | 200,000 | $13M | put |
| KMBKIMBERLY-CLARK CORP | 125,000 | $12.6M | call |
| WOLFWOLFSPEED INC | 700,000 | $12.2M | shares |
| CWANCLEARWATER ANALYTICS HLDGS I | 500,000 | $12.1M | call |
| PLNTPLANET FITNESS MASTER ISSUER | 108,356 | $11.8M | shares |
| SPOTSPOTIFY TECHNOLOGY S A | 20,000 | $11.6M | put |
| AONAON PLC | 32,508 | $11.5M | shares |
| RRRRED ROCK RESORTS INC | 181,078 | $11.2M | shares |
| BABOEING CO | 50,000 | $10.9M | call |
| SBXEUSILVERBOX CORP V | 1,050,000 | $10.7M | shares |
| RKLBROCKET LAB CORP | 150,000 | $10.5M | put |
| MCOMOODYS CORP | 20,157 | $10.3M | shares |
| JD.COM INCJD.COM INC | 10,000,000 | $10M | principal |
| TGNATEGNA INC | 510,000 | $9.9M | shares |
| WSTWEST PHARMACEUTICAL SVSC INC | 35,448 | $9.75M | shares |
| LMTLOCKHEED MARTIN CORP | 20,000 | $9.67M | put |
| HSYHERSHEY CO | 48,817 | $8.88M | shares |
| AMPXAMPRIUS TECHNOLOGIES INC | 1,100,000 | $8.68M | shares |
| DVAXDYNAVAX TECHNOLOGIES CORP | 550,000 | $8.46M | shares |
| SGISOMNIGROUP INTERNATIONAL INC | 91,961 | $8.21M | shares |
| BKDBROOKDALE SR LIVING INC | 750,000 | $8.09M | shares |
| WWAYFAIR INC | 80,281 | $8.06M | shares |
| UPSUNITED PARCEL SVCS INC | 80,311 | $7.97M | shares |
| TTTRANE TECHNOLOGIES PLC | 20,065 | $7.81M | shares |
| SONSONOCO PRODS CO | 175,000 | $7.64M | call |
| TRSTRIMAS CORP | 206,708 | $7.33M | shares |
| FTWEQV VENTURES ACQUISITION C-A | 692,000 | $7.26M | shares |
| MRNAMODERNA INC | 244,594 | $7.21M | shares |
| DKNGDRAFTKINGS INC NEW | 204,655 | $7.05M | shares |
| MMYTMAKEMYTRIP LIMITED MAURITIUS | 85,079 | $6.99M | shares |
| YUMCYUM CHINA HLDGS INC | 145,365 | $6.94M | shares |
| ALGNALIGN TECHNOLOGY INC | 43,000 | $6.71M | shares |
How Q1 2026 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001393825-26-000041 | base | 2026-05-13 | acceptance time not in the bulk data set |