13F value (AUM)
$36.8B
Hudson Bay Capital Management
HUDSON BAY CAPITAL MANAGEMENT LP
$36.8B
13F long value · 2026-Q2Positions1335
CategoryAsset Manager
Quarters tracked9
▲ #227 of 581 by 13F value
Size rank 7/10
67 NEW69 ADD91 2×+134 TRIM49 NEAR EXIT42 EXIT
Snapshot
Hudson Bay Capital Management's 13F portfolio at a glance — size, concentration and this quarter's activity.
Positions
1335 (468 unmapped)
Top 100 weight
75.8%
Quarters tracked
9
Latest 13F filed
Aug 14, 2026
New positions
67
Exits / near-exits
91
13F value by quarter
Total reported long value each quarter — fund flows plus market moves.
Top holdings — 2026-Q2
The fund's largest reported positions (PUT/CALL rows are option positions, reported separately). The 100 shown cover 75.8% of the portfolio.
| Ticker | Issuer | Weight | Value | Shares | Since 2026-Q2 |
|---|---|---|---|---|---|
| TSLA PUT | TESLA INC | 3.2% | $1.2B | 2.8M | — |
| AMZN PUT | AMAZON COM INC | 3.1% | $1.1B | 4.7M | — |
| AMZN | AMAZON COM INC | 2.7% | $981.8M | 4.1M | +6.0% |
| NVDA PUT | NVIDIA CORPORATION | 2.6% | $942.0M | 4.7M | — |
| IWM PUT | ISHARES TR | 2.5% | $935.2M | 3.1M | — |
| TSM PUT | TAIWAN SEMICONDUCTOR MANUFAC | 2.5% | $931.3M | 1.9M | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | 2.5% | $923.2M | 1.9M | -15.2% |
| TSLA | TESLA INC | 2.3% | $863.5M | 2.1M | -12.9% |
| AMD PUT | ADVANCED MICRO DEVICES INC | 2.2% | $819.7M | 1.4M | — |
| NVDA | NVIDIA CORPORATION | 2.1% | $785.8M | 3.9M | +18.1% |
| PLTR PUT | PALANTIR TECHNOLOGIES INC | 2.1% | $757.7M | 6.5M | — |
| SNDK | SANDISK CORP | 1.9% | $696.0M | 306.1K | -52.9% |
| SNDK PUT | SANDISK CORP | 1.9% | $693.0M | 304.8K | — |
| PLTR | PALANTIR TECHNOLOGIES INC | 1.8% | $658.3M | 5.6M | +22.7% |
| SPY PUT | STATE STR SPDR S&P 500 ETF T | 1.5% | $568.7M | 761.6K | — |
Option positions — 2026-Q2
$14.2B across 76 put positions vs $1.3B across 49 call positions — put/call ratio 10.53. Values are notional — the market value of the shares the options reference.
| Type | Ticker | Issuer | Underlying shares | Notional value | % of 13F value |
|---|---|---|---|---|---|
| PUT | TSLA | TESLA INC | 2.8M | $1.2B | 3.2% |
| PUT | AMZN | AMAZON COM INC | 4.7M | $1.1B | 3.1% |
| PUT | NVDA | NVIDIA CORPORATION | 4.7M | $942.0M | 2.6% |
| PUT | IWM | ISHARES TR | 3.1M | $935.2M | 2.5% |
| PUT | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 1.9M | $931.3M | 2.5% |
| PUT | AMD | ADVANCED MICRO DEVICES INC | 1.4M | $819.7M | 2.2% |
| PUT | PLTR | PALANTIR TECHNOLOGIES INC | 6.5M | $757.7M | 2.1% |
| PUT | SNDK | SANDISK CORP | 304.8K | $693.0M | 1.9% |
| PUT | SPY | STATE STR SPDR S&P 500 ETF T | 761.6K | $568.7M | 1.5% |
| PUT | GOOGL | ALPHABET INC | 1.5M | $530.7M | 1.4% |
Quarterly changes — 2026-Q2
What Hudson Bay Capital Management opened, added, trimmed and exited this quarter, largest dollar moves first.
| Action | Ticker | Issuer | Prev shares | Curr shares | Change | Value Δ |
|---|---|---|---|---|---|---|
| NEW | SNDK | SANDISK CORP | — | 306.1K | — | +$696.0M |
| 2×+ | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 716.7K | 1.9M | +169.7% | +$681.0M |
| 2×+ | GOOGL | ALPHABET INC | 312.7K | 1.6M | +400.3% | +$469.1M |
| ADD | AMZN | AMAZON COM INC | 3.0M | 4.1M | +39.6% | +$367.2M |
| TRIM | AAPL | APPLE INC | 2.0M | 631.1K | -69.1% | -$335.0M |
| TRIM | FLG | FLAGSTAR BANK NATIONAL ASSOC | 34.7M | 9.7M | -71.9% | -$311.4M |
| NEW | SPCX | SPACE EXPLORATION TECHN CORP | — | 1.6M | — | +$267.3M |
| 2×+ | PLTR | PALANTIR TECHNOLOGIES INC | 2.7M | 5.6M | +108.3% | +$262.1M |
| 2×+ | META | META PLATFORMS INC | 52.8K | 511.0K | +868.6% | +$257.7M |
| TRIM | NFLX | NETFLIX INC. | 4.6M | 2.9M | -37.5% | -$235.9M |
Conviction over time
Portfolio weight of the current top long holdings, quarter by quarter — rising weight = growing conviction.