Hudson Bay Capital Management LP
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| MICROSOFT CORP(Put) | 0 | 924,000 | +924,000 | 0 | 446,864,880 | +446,864,880 |
| PALANTIR TECHNOLOGIES INC | 0 | 2,555,000 | +2,555,000 | 0 | 454,151,250 | +454,151,250 |
| PALANTIR TECHNOLOGIES INC(Put) | 0 | 2,697,500 | +2,697,500 | 0 | 479,480,625 | +479,480,625 |
| TESLA INC(Put) | 0 | 3,020,000 | +3,020,000 | 0 | 1,358,154,400 | +1,358,154,400 |
| MICROSOFT CORP | 0 | 834,970 | +834,970 | 0 | 403,808,192 | +403,808,192 |
| TESLA INC(Call) | 0 | 1,244,000 | +1,244,000 | 0 | 559,451,680 | +559,451,680 |
| ALPHABET INC | 117,101 | 1,002,946 | +885,845 | 28,467,253 | 313,922,098 | +285,454,845 |
| ADVANCED MICRO DEVICES INC(Put) | 1,925,000 | 2,750,000 | +825,000 | 311,445,750 | 588,940,000 | +277,494,250 |
| ALPHABET INC(Put) | 200,000 | 980,000 | +780,000 | 48,620,000 | 306,740,000 | +258,120,000 |
| NETFLIX INC | 0 | 3,750,810 | +3,750,810 | 0 | 351,675,946 | +351,675,946 |
| ADVANCED MICRO DEVICES INC | 1,926,156 | 2,350,000 | +423,844 | 311,632,779 | 503,276,000 | +191,643,221 |
| BROADCOM INC | 0 | 544,562 | +544,562 | 0 | 188,472,908 | +188,472,908 |
| BROADCOM INC(Put) | 0 | 500,000 | +500,000 | 0 | 173,050,000 | +173,050,000 |
| SHOPIFY INC(Put) | 0 | 1,075,000 | +1,075,000 | 0 | 173,042,750 | +173,042,750 |
| VERTIV HOLDINGS CO | 0 | 964,604 | +964,604 | 0 | 156,275,494 | +156,275,494 |
| META PLATFORMS INC(Put) | 0 | 222,400 | +222,400 | 0 | 146,804,016 | +146,804,016 |
| VERTIV HOLDINGS CO(Put) | 0 | 920,000 | +920,000 | 0 | 149,049,200 | +149,049,200 |
| ALIBABA GROUP HLDG LTD | 0 | 0 | 0 | 174,668,989 | 316,465,460 | +141,796,471 |
| SHOPIFY INC | 0 | 925,697 | +925,697 | 0 | 149,009,447 | +149,009,447 |
| INTUITIVE SURGICAL INC | 0 | 282,500 | +282,500 | 0 | 159,996,700 | +159,996,700 |
| DISNEY WALT CO | 0 | 1,126,894 | +1,126,894 | 0 | 128,206,730 | +128,206,730 |
| DISNEY WALT CO(Put) | 0 | 1,100,000 | +1,100,000 | 0 | 125,147,000 | +125,147,000 |
| HONEYWELL INTL INC(Put) | 0 | 625,000 | +625,000 | 0 | 121,931,250 | +121,931,250 |
| BOEING CO | 0 | 701,528 | +701,528 | 0 | 152,315,759 | +152,315,759 |
| HONEYWELL INTL INC | 0 | 635,078 | +635,078 | 0 | 123,897,367 | +123,897,367 |
| EXACT SCIENCES CORP | 0 | 1,115,996 | +1,115,996 | 0 | 113,340,554 | +113,340,554 |
| INTUITIVE SURGICAL INC(Put) | 0 | 200,000 | +200,000 | 0 | 113,272,000 | +113,272,000 |
| BOEING CO(Put) | 0 | 1,003,000 | +1,003,000 | 0 | 217,771,360 | +217,771,360 |
| WALMART INC | 0 | 1,118,872 | +1,118,872 | 0 | 124,653,530 | +124,653,530 |
| ECHOSTAR CORP | 0 | 0 | 0 | 0 | 276,526,335 | +276,526,335 |
| COSTCO WHSL CORP NEW(Put) | 0 | 200,000 | +200,000 | 0 | 172,468,000 | +172,468,000 |
| WALMART INC(Put) | 0 | 920,000 | +920,000 | 0 | 102,497,200 | +102,497,200 |
| ADOBE INC(Put) | 0 | 290,000 | +290,000 | 0 | 101,497,100 | +101,497,100 |
| ADOBE INC | 1,181 | 290,000 | +288,819 | 416,598 | 101,497,100 | +101,080,502 |
| META PLATFORMS INC | 0 | 227,028 | +227,028 | 0 | 149,858,912 | +149,858,912 |
| NEBIUS GROUP N.V.(Put) | 0 | 1,150,000 | +1,150,000 | 0 | 96,260,750 | +96,260,750 |
| ADVANCED MICRO DEVICES INC(Call) | 0 | 400,000 | +400,000 | 0 | 85,664,000 | +85,664,000 |
| ISHARES TR(Put) | 0 | 3,263,700 | +3,263,700 | 0 | 124,967,073 | +124,967,073 |
| CENTENE CORP DEL(Put) | 0 | 2,125,000 | +2,125,000 | 0 | 87,443,750 | +87,443,750 |
| JANUS HENDERSON GROUP PLC | 0 | 1,678,802 | +1,678,802 | 0 | 79,860,611 | +79,860,611 |
| ALNYLAM PHARMACEUTICALS INC(Put) | 0 | 200,000 | +200,000 | 0 | 79,530,000 | +79,530,000 |
| COINBASE GLOBAL INC(Call) | 0 | 390,400 | +390,400 | 0 | 88,285,056 | +88,285,056 |
| NEBIUS GROUP N.V.(Call) | 0 | 900,000 | +900,000 | 0 | 75,334,500 | +75,334,500 |
| SYNOPSYS INC(Put) | 0 | 160,000 | +160,000 | 0 | 75,155,200 | +75,155,200 |
| SYNOPSYS INC | 0 | 202,001 | +202,001 | 0 | 94,883,910 | +94,883,910 |
| SERVICENOW INC(Put) | 0 | 465,000 | +465,000 | 0 | 71,233,350 | +71,233,350 |
| PAYPAL HLDGS INC(Put) | 0 | 1,197,000 | +1,197,000 | 0 | 69,880,860 | +69,880,860 |
| PAYPAL HLDGS INC | 0 | 1,197,000 | +1,197,000 | 0 | 69,880,860 | +69,880,860 |
| APPLE INC | 0 | 1,191,454 | +1,191,454 | 0 | 323,908,684 | +323,908,684 |
| CENTENE CORP DEL | 0 | 1,625,000 | +1,625,000 | 0 | 66,868,750 | +66,868,750 |
| PG&E CORP | 0 | 0 | 0 | 0 | 269,927,980 | +269,927,980 |
| BITMINE IMMERSION TECNOLOGIE | 0 | 2,144,700 | +2,144,700 | 0 | 58,228,605 | +58,228,605 |
| VERTEX PHARMACEUTICALS INC | 0 | 164,518 | +164,518 | 0 | 74,585,881 | +74,585,881 |
| SERVICENOW INC | 0 | 465,000 | +465,000 | 0 | 71,233,350 | +71,233,350 |
| INTEL CORP(Put) | 0 | 1,500,000 | +1,500,000 | 0 | 55,350,000 | +55,350,000 |
| COSTCO WHSL CORP NEW | 0 | 200,000 | +200,000 | 0 | 172,468,000 | +172,468,000 |
| GOLDMAN SACHS GROUP INC(Put) | 0 | 60,500 | +60,500 | 0 | 53,179,500 | +53,179,500 |
| NORFOLK SOUTHN CORP | 0 | 335,320 | +335,320 | 0 | 96,813,590 | +96,813,590 |
| GOLDMAN SACHS GROUP INC | 0 | 60,500 | +60,500 | 0 | 53,179,500 | +53,179,500 |
| LINDE PLC | 0 | 117,286 | +117,286 | 0 | 50,009,578 | +50,009,578 |
| CITIGROUP INC(Put) | 0 | 400,000 | +400,000 | 0 | 46,676,000 | +46,676,000 |
| VERTEX PHARMACEUTICALS INC(Put) | 0 | 100,000 | +100,000 | 0 | 45,336,000 | +45,336,000 |
| SELECT SECTOR SPDR TR | 0 | 825,000 | +825,000 | 0 | 45,185,250 | +45,185,250 |
| LUMENTUM HLDGS INC(Put) | 0 | 121,500 | +121,500 | 0 | 44,783,685 | +44,783,685 |
| ISHARES TR | 0 | 225,000 | +225,000 | 0 | 55,386,000 | +55,386,000 |
| AFFIRM HLDGS INC(Put) | 0 | 577,500 | +577,500 | 0 | 42,983,325 | +42,983,325 |
| LINDE PLC(Put) | 0 | 100,000 | +100,000 | 0 | 42,639,000 | +42,639,000 |
| AMERICAN AIRLS GROUP INC(Put) | 6,847,900 | 7,694,800 | +846,900 | 76,970,396 | 117,961,284 | +40,990,888 |
| CITIGROUP INC(Call) | 0 | 350,000 | +350,000 | 0 | 40,841,500 | +40,841,500 |
| CIRCLE INTERNET GROUP INC | 0 | 500,000 | +500,000 | 0 | 39,650,000 | +39,650,000 |
| COINBASE GLOBAL INC(Put) | 0 | 450,000 | +450,000 | 0 | 101,763,000 | +101,763,000 |
| CATERPILLAR INC(Put) | 0 | 67,500 | +67,500 | 0 | 38,668,725 | +38,668,725 |
| AMERICAN HEALTHCARE REIT INC | 820,223 | 1,541,333 | +721,110 | 34,457,568 | 72,535,131 | +38,077,563 |
| NEUROCRINE BIOSCIENCES INC | 0 | 305,000 | +305,000 | 0 | 43,258,150 | +43,258,150 |
| INTEL CORP | 0 | 1,355,913 | +1,355,913 | 0 | 50,033,190 | +50,033,190 |
| HOLOGIC INC | 0 | 490,000 | +490,000 | 0 | 36,500,100 | +36,500,100 |
| FLAGSTAR BANK NATIONAL ASSOC | 0 | 34,689,439 | +34,689,439 | 0 | 436,740,037 | +436,740,037 |
| MID-AMER APT CMNTYS INC | 0 | 253,231 | +253,231 | 0 | 35,176,318 | +35,176,318 |
| CATERPILLAR INC | 0 | 61,500 | +61,500 | 0 | 35,231,505 | +35,231,505 |
| QORVO INC | 0 | 402,372 | +402,372 | 0 | 34,004,458 | +34,004,458 |
| NORTHWESTERN ENERGY GROUP IN | 0 | 499,509 | +499,509 | 0 | 32,238,311 | +32,238,311 |
| AVIS BUDGET GROUP | 0 | 250,000 | +250,000 | 0 | 32,080,000 | +32,080,000 |
| NNN REIT INC | 0 | 1,415,961 | +1,415,961 | 0 | 56,114,534 | +56,114,534 |
| CONFLUENT INC | 0 | 1,000,000 | +1,000,000 | 0 | 30,240,000 | +30,240,000 |
| PPL CORP | 0 | 848,797 | +848,797 | 0 | 29,724,871 | +29,724,871 |
| ALNYLAM PHARMACEUTICALS INC | 9,411 | 85,000 | +75,589 | 4,291,416 | 33,800,250 | +29,508,834 |
| MASTERCARD INCORPORATED | 0 | 50,000 | +50,000 | 0 | 28,544,000 | +28,544,000 |
| TRANSOCEAN INC | 0 | 0 | 0 | 0 | 170,039,010 | +170,039,010 |
| TESLA INC | 0 | 1,812,516 | +1,812,516 | 0 | 815,124,696 | +815,124,696 |
| CONOCOPHILLIPS | 0 | 300,000 | +300,000 | 0 | 28,083,000 | +28,083,000 |
| EXXON MOBIL CORP | 0 | 272,979 | +272,979 | 0 | 32,850,293 | +32,850,293 |
| MICROSOFT CORP(Call) | 0 | 112,000 | +112,000 | 0 | 54,165,440 | +54,165,440 |
| ENVIRI CORP | 0 | 1,500,000 | +1,500,000 | 0 | 26,880,000 | +26,880,000 |
| TRAVERE THERAPEUTICS INC(Put) | 0 | 900,300 | +900,300 | 0 | 34,400,463 | +34,400,463 |
| ISHARES TR | 0 | 689,740 | +689,740 | 0 | 26,410,145 | +26,410,145 |
| ARCELLX INC | 0 | 400,942 | +400,942 | 0 | 26,141,418 | +26,141,418 |
| KENVUE INC(Call) | 0 | 1,500,000 | +1,500,000 | 0 | 25,875,000 | +25,875,000 |
| UDR INC | 0 | 1,100,339 | +1,100,339 | 0 | 40,360,435 | +40,360,435 |
| CADENCE DESIGN SYSTEM INC(Put) | 0 | 250,000 | +250,000 | 0 | 78,145,000 | +78,145,000 |
| MORGAN STANLEY | 0 | 216,874 | +216,874 | 0 | 38,501,641 | +38,501,641 |