Fund HoldingsHudson Bay Capital Management LP

Total Portfolio Value
$30.34B
Total Bought
$11.61B
Total Sold
$10.73B
Net Transaction
+$878.97M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
MICROSOFT CORP(MSFT)(Put)0924,000+924,0000446,865+446,865
PALANTIR TECHNOLOGIES INC(PLTR)280,3822,555,000+2,274,61851,147454,1511.50%+403,004
PALANTIR TECHNOLOGIES INC(PLTR)(Put)02,697,500+2,697,5000479,481+479,481
TESLA INC(TSLA)(Put)03,020,000+3,020,00001,358,154+1,358,154
MICROSOFT CORP(MSFT)0834,970+834,9700403,8081.33%+403,808
TESLA INC(TSLA)(Call)01,244,000+1,244,0000559,452+559,452
ALPHABET INC(GOOG)01,002,946+1,002,9460313,9221.03%+313,922
ADVANCED MICRO DEVICES INC(AMD)(Put)02,750,000+2,750,0000588,940+588,940
ALPHABET INC(GOOG)(Put)0980,000+980,0000306,740+306,740
NETFLIX INC(NFLX)103,0493,750,810+3,647,761123,548351,6761.16%+228,128
ADVANCED MICRO DEVICES INC(AMD)02,350,000+2,350,0000503,2761.66%+503,276
BROADCOM INC(AVGO)0544,562+544,5620188,4730.62%+188,473
BROADCOM INC(AVGO)(Put)0500,000+500,0000173,050+173,050
SHOPIFY INC(SHOP)(Put)01,075,000+1,075,0000173,043+173,043
VERTIV HOLDINGS CO(VRT)0964,604+964,6040156,2750.52%+156,275
META PLATFORMS INC(META)(Put)0222,400+222,4000146,804+146,804
VERTIV HOLDINGS CO(VRT)(Put)0920,000+920,0000149,049+149,049
ALIBABA GROUP HLDG LTD(BABA)000174,669316,4651.04%+141,796
SHOPIFY INC(SHOP)0925,697+925,6970149,0090.49%+149,009
INTUITIVE SURGICAL INC0282,500+282,5000159,9970.53%+159,997
DISNEY WALT CO(DIS)01,126,894+1,126,8940128,2070.42%+128,207
DISNEY WALT CO(DIS)(Put)01,100,000+1,100,0000125,147+125,147
HONEYWELL INTL INC(HON)(Put)0625,000+625,0000121,931+121,931
BOEING CO(BA)0701,528+701,5280152,3160.50%+152,316
HONEYWELL INTL INC(HON)0635,078+635,0780123,8970.41%+123,897
EXACT SCIENCES CORP(EXK)01,115,996+1,115,9960113,3410.37%+113,341
INTUITIVE SURGICAL INC(Put)0200,000+200,0000113,272+113,272
BOEING CO(BA)(Put)01,003,000+1,003,0000217,771+217,771
WALMART INC(WMT)01,118,872+1,118,8720124,6540.41%+124,654
ECHOSTAR CORP(ECHO)000173,346276,5260.91%+103,180
COSTCO WHSL CORP NEW(COST)(Put)75,000200,000+125,00069,422172,468+103,046
WALMART INC(WMT)(Put)0920,000+920,0000102,497+102,497
ADOBE INC(ADBE)(Put)0290,000+290,0000101,497+101,497
ADOBE INC(ADBE)0290,000+290,0000101,4970.33%+101,497
META PLATFORMS INC(META)68,549227,028+158,47950,341149,8590.49%+99,518
NEBIUS GROUP N.V.(NBIS)(Put)01,150,000+1,150,000096,261+96,261
ADVANCED MICRO DEVICES INC(AMD)(Call)0400,000+400,000085,664+85,664
ISHARES TR(Put)1,000,0003,263,700+2,263,70041,140124,967+83,827
CENTENE CORP DEL(CNC)(Put)02,125,000+2,125,000087,444+87,444
JANUS HENDERSON GROUP PLC01,678,802+1,678,802079,8610.26%+79,861
ALNYLAM PHARMACEUTICALS INC(ALNY)(Put)0200,000+200,000079,530+79,530
COINBASE GLOBAL INC(COIN)(Call)0390,400+390,400088,285+88,285
NEBIUS GROUP N.V.(NBIS)(Call)0900,000+900,000075,335+75,335
SYNOPSYS INC(SNPS)(Put)0160,000+160,000075,155+75,155
SYNOPSYS INC(SNPS)0202,001+202,001094,8840.31%+94,884
SERVICENOW INC(NOW)(Put)0465,000+465,000071,233+71,233
PAYPAL HLDGS INC(PYPL)(Put)01,197,000+1,197,000069,881+69,881
PAYPAL HLDGS INC(PYPL)01,197,000+1,197,000069,8810.23%+69,881
APPLE INC(AAPL)1,010,5911,191,454+180,863257,327323,9091.07%+66,582
CENTENE CORP DEL(CNC)01,625,000+1,625,000066,8690.22%+66,869
PG&E CORP(PCG)000208,160269,9280.89%+61,768
BITMINE IMMERSION TECNOLOGIE(BMNP)02,144,700+2,144,700058,2290.19%+58,229
VERTEX PHARMACEUTICALS INC(VRTX)0164,518+164,518074,5860.25%+74,586
SERVICENOW INC(NOW)0465,000+465,000071,2330.23%+71,233
INTEL CORP(INTC)(Put)01,500,000+1,500,000055,350+55,350
COSTCO WHSL CORP NEW(COST)128,045200,000+71,955118,522172,4680.57%+53,946
GOLDMAN SACHS GROUP INC(GS)(Put)060,500+60,500053,180+53,180
NORFOLK SOUTHN CORP(NSC)151,463335,320+183,85745,50196,8140.32%+51,313
GOLDMAN SACHS GROUP INC(GS)060,500+60,500053,1800.18%+53,180
LINDE PLC(LIN)0117,286+117,286050,0100.16%+50,010
CITIGROUP INC(C)(Put)0400,000+400,000046,676+46,676
VERTEX PHARMACEUTICALS INC(VRTX)(Put)0100,000+100,000045,336+45,336
SELECT SECTOR SPDR TR
ST STR FINL ETF
0825,000+825,000045,1850.15%+45,185
LUMENTUM HLDGS INC(LITE)(Put)0121,500+121,500044,784+44,784
ISHARES TR0225,000+225,000055,3860.18%+55,386
AFFIRM HLDGS INC(AFRM)(Put)0577,500+577,500042,983+42,983
LINDE PLC(LIN)(Put)0100,000+100,000042,639+42,639
AMERICAN AIRLS GROUP INC(AAL)(Put)07,694,800+7,694,8000117,961+117,961
CITIGROUP INC(C)(Call)0350,000+350,000040,842+40,842
CIRCLE INTERNET GROUP INC(CRCL)0500,000+500,000039,6500.13%+39,650
COINBASE GLOBAL INC(COIN)(Put)0450,000+450,0000101,763+101,763
CATERPILLAR INC(CAT)(Put)067,500+67,500038,669+38,669
AMERICAN HEALTHCARE REIT INC(AHR)01,541,333+1,541,333072,5350.24%+72,535
NEUROCRINE BIOSCIENCES INC(NBIX)0305,000+305,000043,2580.14%+43,258
INTEL CORP(INTC)01,355,913+1,355,913050,0330.16%+50,033
HOLOGIC INC0490,000+490,000036,5000.12%+36,500
FLAGSTAR BANK NATIONAL ASSOC(FLG)34,689,43934,689,4390400,663436,7401.44%+36,077
MID-AMER APT CMNTYS INC(MAA)0253,231+253,231035,1760.12%+35,176
CATERPILLAR INC(CAT)061,500+61,500035,2320.12%+35,232
QORVO INC(QRVO)0402,372+402,372034,0040.11%+34,004
NORTHWESTERN ENERGY GROUP IN(NWE)0499,509+499,509032,2380.11%+32,238
AVIS BUDGET GROUP0250,000+250,000032,0800.11%+32,080
NNN REIT INC(NNN)600,9851,415,961+814,97625,58456,1150.18%+30,531
CONFLUENT INC01,000,000+1,000,000030,2400.10%+30,240
PPL CORP(PPL)0848,797+848,797029,7250.10%+29,725
ALNYLAM PHARMACEUTICALS INC(ALNY)085,000+85,000033,8000.11%+33,800
MASTERCARD INCORPORATED(MA)050,000+50,000028,5440.09%+28,544
TRANSOCEAN INC(RIG)0000170,0390.56%+170,039
TESLA INC(TSLA)1,770,9751,812,516+41,541787,588815,1252.69%+27,537
CONOCOPHILLIPS(COP)0300,000+300,000028,0830.09%+28,083
EXXON MOBIL CORP0272,979+272,979032,8500.11%+32,850
MICROSOFT CORP(MSFT)(Call)52,500112,000+59,50027,19254,165+26,973
ENVIRI CORP01,500,000+1,500,000026,8800.09%+26,880
TRAVERE THERAPEUTICS INC(TVTX)(Put)0900,300+900,300034,400+34,400
ISHARES TR0689,740+689,740026,4100.09%+26,410
ARCELLX INC
COMMON STOCK
0400,942+400,942026,1410.09%+26,141
KENVUE INC(KVUE)(Call)01,500,000+1,500,000025,875+25,875
UDR INC(UDR)01,100,339+1,100,339040,3600.13%+40,360
CADENCE DESIGN SYSTEM INC(CDNS)(Put)150,000250,000+100,00052,68978,145+25,456
MORGAN STANLEY(MS)0216,874+216,874038,5020.13%+38,502
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