Filed: 8/14/2025ACC: 0001393825-25-000062
📋 What this filing means
HUDSON BAY CAPITAL MANAGEMENT LP filed this quarterly 13F‑HR report disclosing 993 equity positions with a total reported market value of $29.45B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
993
Positions
$29.45B
Total AUM (reported)
1.79B
Total Shares
Allocation by class
COM$15.93B54.1%
UNIT SER 1$2.04B6.9%
CL A$1.32B4.5%
TR UNIT$1.12B3.8%
CL B NEW$1.09B3.7%
COM CL A$1.06B3.6%
CL A NEW$952.71M3.2%
Portfolio Concentration
Top 3$6.36B21.6%
4–10$6.52B22.1%
11–25$4.37B14.9%
Rest$12.19B41.4%
Top 3 weight
21.6%
Top 10 weight
43.7%
Voting Authority Distribution
Total shares with voting rights: 1.79B
Sole
Full voting authority
1.79B
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole914
Shared0
Other79
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings993
Rows:
NVIDIA CORPORATION
SOLEShares15.29M
TypeSH
Market value$2.42B
8.20%
Sole
15.29M
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares3.71M
TypeSH
Market value$2.04B
6.94%
Sole
3.71M
Shared
0.00
None
0.00
TESLA INC
SOLEShares5.98M
TypeSH
Market value$1.90B
6.46%
Sole
5.98M
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares6.28M
TypeSH
Market value$1.38B
4.68%
Sole
6.28M
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares1.81M
TypeSH
Market value$1.12B
3.81%
Sole
1.81M
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares2.24M
TypeSH
Market value$1.09B
3.69%
Sole
2.24M
Shared
0.00
None
0.00
MICROSTRATEGY INC
DFNDShares2.36M
TypeSH
Market value$952.71M
3.24%
Sole
2.36M
Shared
0.00
None
0.00
ADVANCED MICRO DEVICES INC
SOLEShares6.51M
TypeSH
Market value$924.07M
3.14%
Sole
6.51M
Shared
0.00
None
0.00
NETFLIX INC
SOLEShares455.80K
TypeSH
Market value$610.38M
2.07%
Sole
455.80K
Shared
0.00
None
0.00
DOLLAR TREE INC
SOLEShares4.50M
TypeSH
Market value$446.03M
1.51%
Sole
4.50M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares4.99M
TypeSH
Market value$402.44M
1.37%
Sole
4.99M
Shared
0.00
None
0.00
ROBINHOOD MKTS INC
SOLEShares3.97M
TypeSH
Market value$372.07M
1.26%
Sole
3.97M
Shared
0.00
None
0.00
ELI LILLY & CO
SOLEShares473.93K
TypeSH
Market value$369.44M
1.25%
Sole
473.93K
Shared
0.00
None
0.00
FLAGSTAR FINANCIAL INC
SOLEShares34.69M
TypeSH
Market value$367.71M
1.25%
Sole
34.69M
Shared
0.00
None
0.00
CNX RES CORP
SOLEShares117.10M
TypePRN
Market value$307.62M
1.04%
Sole
117.10M
Shared
0.00
None
0.00
PALANTIR TECHNOLOGIES INC
SOLEShares2.19M
TypeSH
Market value$297.89M
1.01%
Sole
2.19M
Shared
0.00
None
0.00
TARGET CORP
SOLEShares3M
TypeSH
Market value$296.08M
1.01%
Sole
3M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.32M
TypeSH
Market value$285.07M
0.97%
Sole
1.32M
Shared
0.00
None
0.00
ISHARES BITCOIN TRUST ETF
DFNDShares4.56M
TypeSH
Market value$278.95M
0.95%
Sole
4.56M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares1.57M
TypeSH
Market value$277.48M
0.94%
Sole
1.57M
Shared
0.00
None
0.00
ARM HOLDINGS PLC
SOLEShares1.65M
TypeSH
Market value$266.87M
0.91%
Sole
1.65M
Shared
0.00
None
0.00
DEXCOM INC
SOLEShares236.06M
TypePRN
Market value$232.01M
0.79%
Sole
236.06M
Shared
0.00
None
0.00
UBER TECHNOLOGIES INC
SOLEShares2.28M
TypeSH
Market value$212.82M
0.72%
Sole
2.28M
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
SOLEShares672.60K
TypeSH
Market value$209.83M
0.71%
Sole
672.60K
Shared
0.00
None
0.00
DOORDASH INC
SOLEShares798.50K
TypeSH
Market value$196.84M
0.67%
Sole
798.50K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 15.29M | SH | $2.42B 8.20% | 15.29M | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 3.71M | SH | $2.04B 6.94% | 3.71M | 0.00 | 0.00 |
TESLA INCSOLE | COM | 5.98M | SH | $1.90B 6.46% | 5.98M | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 6.28M | SH | $1.38B 4.68% | 6.28M | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 1.81M | SH | $1.12B 3.81% | 1.81M | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 2.24M | SH | $1.09B 3.69% | 2.24M | 0.00 | 0.00 |
MICROSTRATEGY INCDFND | CL A NEW | 2.36M | SH | $952.71M 3.24% | 2.36M | 0.00 | 0.00 |
ADVANCED MICRO DEVICES INCSOLE | COM | 6.51M | SH | $924.07M 3.14% | 6.51M | 0.00 | 0.00 |
NETFLIX INCSOLE | COM | 455.80K | SH | $610.38M 2.07% | 455.80K | 0.00 | 0.00 |
DOLLAR TREE INCSOLE | COM | 4.50M | SH | $446.03M 1.51% | 4.50M | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX HI YD ETF | 4.99M | SH | $402.44M 1.37% | 4.99M | 0.00 | 0.00 |
ROBINHOOD MKTS INCSOLE | COM CL A | 3.97M | SH | $372.07M 1.26% | 3.97M | 0.00 | 0.00 |
ELI LILLY & COSOLE | COM | 473.93K | SH | $369.44M 1.25% | 473.93K | 0.00 | 0.00 |
FLAGSTAR FINANCIAL INCSOLE | COM NEW | 34.69M | SH | $367.71M 1.25% | 34.69M | 0.00 | 0.00 |
CNX RES CORPSOLE | NOTE 2.250% 5/0 | 117.10M | PRN | $307.62M 1.04% | 117.10M | 0.00 | 0.00 |
PALANTIR TECHNOLOGIES INCSOLE | CL A | 2.19M | SH | $297.89M 1.01% | 2.19M | 0.00 | 0.00 |
TARGET CORPSOLE | COM | 3M | SH | $296.08M 1.01% | 3M | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 1.32M | SH | $285.07M 0.97% | 1.32M | 0.00 | 0.00 |
ISHARES BITCOIN TRUST ETFDFND | SHS BEN INT | 4.56M | SH | $278.95M 0.95% | 4.56M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 1.57M | SH | $277.48M 0.94% | 1.57M | 0.00 | 0.00 |
ARM HOLDINGS PLCSOLE | SPONSORED ADS | 1.65M | SH | $266.87M 0.91% | 1.65M | 0.00 | 0.00 |
DEXCOM INCSOLE | NOTE 0.250%11/1 | 236.06M | PRN | $232.01M 0.79% | 236.06M | 0.00 | 0.00 |
UBER TECHNOLOGIES INCSOLE | COM | 2.28M | SH | $212.82M 0.72% | 2.28M | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCSOLE | COM | 672.60K | SH | $209.83M 0.71% | 672.60K | 0.00 | 0.00 |
DOORDASH INCSOLE | CL A | 798.50K | SH | $196.84M 0.67% | 798.50K | 0.00 | 0.00 |
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