Fund Holdings

Hudson Bay Capital Management LP

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
ISHARES TR(Put)2,249,0003,517,200+1,268,200553,613,840872,265,600+318,651,760
APPLE INC(AAPL)(Put)1,096,0002,164,000+1,068,000297,958,560549,201,560+251,243,000
AMAZON COM INC(AMZN)(Put)2,952,0004,312,000+1,360,000681,380,640898,060,240+216,679,600
NETFLIX INC.(NFLX)(Put)3,850,0005,900,000+2,050,000360,976,000567,285,000+206,309,000
APPLE INC(AAPL)1,191,4542,039,515+848,061323,908,684517,608,5123.11%+193,699,828
ECHOSTAR CORP(ECHO)000276,526,335469,926,4092.83%+193,400,074
UNITEDHEALTH GROUP INC(UNH)(Put)0700,000+700,0000189,413,000+189,413,000
UNITEDHEALTH GROUP INC(UNH)0700,000+700,0000189,413,0001.14%+189,413,000
TAIWAN SEMICONDUCTOR MANUFAC(TSM)213,473716,699+503,22664,872,310242,208,4271.46%+177,336,117
TAIWAN SEMICONDUCTOR MANUFAC(TSM)(Put)170,000670,000+500,00051,661,300226,426,500+174,765,200
SPDR GOLD TR(GLD)(Put)0403,400+403,4000173,578,986+173,578,986
MICRON TECHNOLOGY INC(MU)0500,070+500,0700168,943,6491.02%+168,943,649
MICRON TECHNOLOGY INC(MU)(Put)0500,000+500,0000168,920,000+168,920,000
NVIDIA CORPORATION(NVDA)(Call)284,5001,241,500+957,00053,059,250216,517,600+163,458,350
ELECTRONIC ARTS INC(EA)(Put)0657,000+657,0000133,942,590+133,942,590
ORACLE CORP(ORCL)(Put)0910,000+910,0000133,870,100+133,870,100
WARNER BROS DISCOVERY INC(WBD)45,1984,792,054+4,746,8561,302,606131,589,8030.79%+130,287,197
AMAZON COM INC(AMZN)(Call)116,000751,400+635,40026,775,120156,494,078+129,718,958
STATE STR SPDR S&P 500 ETF T(SPY)(Put)705,800931,000+225,200481,299,136605,466,540+124,167,404
INVESCO QQQ TR(Call)0214,900+214,9000124,035,982+124,035,982
ORACLE CORP(ORCL)20,877842,463+821,5864,069,136123,934,7320.75%+119,865,596
ISHARES TR(Put)1,500,0003,000,000+1,500,000120,945,000238,680,000+117,735,000
PENUMBRA INC(PEN)0349,038+349,0380114,613,6080.69%+114,613,608
PALANTIR TECHNOLOGIES INC(PLTR)(Call)0750,000+750,0000109,710,000+109,710,000
PALANTIR TECHNOLOGIES INC(PLTR)(Put)2,697,5004,000,000+1,302,500479,480,625585,120,000+105,639,375
TRANSOCEAN INC(RIG)000170,039,010265,853,5831.60%+95,814,573
NVIDIA CORPORATION(NVDA)(Put)5,986,9006,945,500+958,6001,116,556,8501,211,295,200+94,738,350
NETFLIX INC.(NFLX)3,750,8104,580,819+830,009351,675,946440,445,7472.65%+88,769,801
INTEGER HLDGS CORP(ITGR)01,000,000+1,000,000088,000,0000.53%+88,000,000
WEBSTER FINL CORP(WBS)01,199,249+1,199,249083,251,8660.50%+83,251,866
WARNER BROS DISCOVERY INC(WBD)(Put)02,935,300+2,935,300080,603,338+80,603,338
STATE STR SPDR S&P 500 ETF T(SPY)132,184253,545+121,36190,138,913164,890,4550.99%+74,751,542
ELECTRONIC ARTS INC(EA)397,500728,687+331,18781,221,175148,557,4190.89%+67,336,244
APPLE INC(AAPL)(Call)23,000283,000+260,0006,252,78071,822,570+65,569,790
SPDR GOLD TR(GLD)(Call)0151,700+151,700065,274,993+65,274,993
STATE STR SPDR S&P 500 ETF T(SPY)(Call)0100,000+100,000065,034,000+65,034,000
BOFA FIN LLC(BAC)00091,769,258156,271,8690.94%+64,502,611
SELECT SECTOR SPDR TR(Put)
ST STR FINL ETF
01,300,000+1,300,000064,181,000+64,181,000
BERKSHIRE HATHAWAY INC DEL605,266765,266+160,000304,236,955366,715,4672.20%+62,478,512
ISHARES TR(Call)0244,700+244,700060,685,600+60,685,600
MERCK & CO INC(MRK)(Put)350,000800,000+450,00036,841,00096,232,000+59,391,000
MASIMO CORP0330,679+330,679058,817,8740.35%+58,817,874
CHEVRON CORPORATION(CVX)0267,726+267,726055,392,5090.33%+55,392,509
NETFLIX INC.(NFLX)(Call)0550,000+550,000052,882,500+52,882,500
SPDR SERIES TRUST(Put)
SP O&G EXPL PRO
0290,000+290,000052,730,700+52,730,700
RTX CORPORATION(RTX)0268,555+268,555051,804,2590.31%+51,804,259
POWER INTEGRATIONS INC(POWI)01,000,000+1,000,000051,200,0000.31%+51,200,000
VALARIS LTD(VAL)0499,604+499,604048,981,1760.29%+48,981,176
KENVUE INC(KVUE)1,280,0004,085,000+2,805,00022,080,00070,425,4000.42%+48,345,400
VANECK ETF TRUST(Put)
SEMICONDUCTR ETF
6,700131,400+124,7002,412,87150,378,760+47,965,889
WELLTOWER INC(WELL)0235,296+235,296046,520,3720.28%+46,520,372
BLOOM ENERGY CORP0321,266+321,266043,528,3310.26%+43,528,331
BANK AMERICA CORP036,192+36,192043,124,9400.26%+43,124,940
AVIS BUDGET GROUP INC250,000500,000+250,00032,080,00072,925,0000.44%+40,845,000
FIRST SOLAR INC(FSLR)(Put)0200,000+200,000039,452,000+39,452,000
FIRST SOLAR INC(FSLR)0200,000+200,000039,452,0000.24%+39,452,000
KLA CORP(KLAC)026,600+26,600039,166,1060.24%+39,166,106
CISCO SYS INC(CSCO)0503,800+503,800039,089,8420.24%+39,089,842
VISTANCE NETWORKS INC(VISN)2,237,7464,283,779+2,046,03340,570,33577,964,7780.47%+37,394,443
BERKSHIRE HATHAWAY INC DEL(Put)690,000800,000+110,000346,828,500383,360,000+36,531,500
BLOOM ENERGY CORP(Put)0258,000+258,000034,956,420+34,956,420
TEXAS INSTRS INC(TXN)0178,990+178,990034,749,1190.21%+34,749,119
INTEL CORP(INTC)1,355,9131,920,776+564,86350,033,19084,763,8450.51%+34,730,655
ELI LILLY & CO(LLY)25,12067,004+41,88426,995,96261,628,2690.37%+34,632,307
JPMORGAN CHASE & CO(JPM)77,500197,776+120,27624,972,05058,177,7880.35%+33,205,738
INTEL CORP(INTC)(Put)1,500,0001,955,000+455,00055,350,00086,274,150+30,924,150
SPDR SERIES TRUST(Call)
SP O&G EXPL PRO
0170,000+170,000030,911,100+30,911,100
WELLS FARGO & CO(WFC)243,801657,190+413,38922,722,25352,318,8960.31%+29,596,643
ISHARES TR225,000340,800+115,80055,386,00084,518,4000.51%+29,132,400
SPOTIFY TECHNOLOGY S A(SPOT)(Call)060,000+60,000029,094,600+29,094,600
COHERENT CORP(COHR)(Put)0120,000+120,000028,585,200+28,585,200
COHERENT CORP(COHR)2,885120,000+117,115532,48428,585,2000.17%+28,052,716
AES CORP(AES)01,950,000+1,950,000027,475,5000.17%+27,475,500
JOHNSON & JOHNSON(JNJ)65,000164,590+99,59013,451,75040,232,3800.24%+26,780,630
KIMCO REALTY CORP(KIM)339,1621,487,096+1,147,9346,874,81433,415,0470.20%+26,540,233
SELECT SECTOR SPDR TR(Put)
ST STR UTIL ETF
0570,000+570,000026,157,300+26,157,300
AST SPACEMOBILE INC(ASTS)(Put)0300,000+300,000024,861,000+24,861,000
PHILLIPS EDISON & CO INC(PECO)281,072910,029+628,9579,997,73134,053,2850.20%+24,055,554
ECHOSTAR CORP(ECHO)(Call)0200,000+200,000023,414,000+23,414,000
CITIGROUP INC(C)352,246563,191+210,94541,103,58663,871,4910.38%+22,767,905
NOVO-NORDISK A S(NVO)(Call)250,000950,000+700,00012,720,00034,912,500+22,192,500
ENVIRI CORP1,500,0002,500,300+1,000,30026,880,00049,055,8860.29%+22,175,886
CUBESMART(CUBE)176,500774,412+597,9126,362,82528,382,2000.17%+22,019,375
NORFOLK SOUTHN CORP(NSC)335,320412,553+77,23396,813,590118,402,7110.71%+21,589,121
ENTERGY CORP NEW(ETR)421,663528,566+106,90338,974,31159,389,6760.36%+20,415,365
FLAGSTAR BANK NATIONAL ASSOC(FLG)34,689,43934,689,4390436,740,037456,859,9122.75%+20,119,875
CHOICE HOTELS INTL INC(CHH)0193,155+193,155019,991,5430.12%+19,991,543
NEXTERA ENERGY INC(NEE)0214,296+214,296019,903,8120.12%+19,903,812
SELECT SECTOR SPDR TR
ST STR ENERG ETF
0320,600+320,600019,639,9560.12%+19,639,956
IRON MTN INC DEL(IRM)0190,884+190,884019,496,8920.12%+19,496,892
ISHARES BITCOIN TRUST ETF(IBIT)(Call)0500,000+500,000019,210,000+19,210,000
FG IMPERII ACQUISITION CORP01,948,264+1,948,264019,209,8830.12%+19,209,883
TANGER INC(SKT)0552,544+552,544018,775,4450.11%+18,775,445
APELLIS PHARMACEUTICALS INC
COM
1,179,8281,190,416+10,58829,637,27947,890,4360.29%+18,253,157
CLEARWATER ANALYTICS HLDGS I0762,870+762,870018,041,8760.11%+18,041,876
MESHFLOW ACQUISITION CORP01,755,999+1,755,999017,366,8300.10%+17,366,830
COINBASE GLOBAL INC(COIN)59,600175,000+115,40013,477,94430,556,7500.18%+17,078,806
FORGENT POWER SOLUTIONS INC(FPS)0544,538+544,538015,938,6270.10%+15,938,627
TERNS PHARMACEUTICALS INC81,034360,878+279,8443,273,77419,025,4880.11%+15,751,714
ISHARES BITCOIN TRUST ETF(IBIT)1,140,5351,878,262+737,72756,627,56372,162,8260.43%+15,535,263
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