Filed: 11/13/2025ACC: 0001393825-25-000090
📋 What this filing means
HUDSON BAY CAPITAL MANAGEMENT LP filed this quarterly 13F‑HR report disclosing 1030 equity positions with a total reported market value of $30.09B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1030
Positions
$30.09B
Total AUM (reported)
2.05B
Total Shares
Allocation by class
COM$16.15B53.7%
CL A$1.24B4.1%
COM CL A$1.10B3.7%
TR UNIT$1.06B3.5%
RUSSELL 2000 ETF$881.86M2.9%
COM NEW$836.03M2.8%
CL B NEW$657.29M2.2%
Portfolio Concentration
Top 3$6.61B22.0%
4–10$5.51B18.3%
11–25$5.60B18.6%
Rest$12.37B41.1%
Top 3 weight
22.0%
Top 10 weight
40.3%
Voting Authority Distribution
Total shares with voting rights: 2.05B
Sole
Full voting authority
2.05B
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)
Sole827
Shared0
Other203
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings1030
Rows:
NVIDIA CORPORATION
DFNDShares14.39M
TypeSH
Market value$2.69B
8.93%
Sole
14.39M
Shared
0.00
None
0.00
TESLA INC
DFNDShares4.42M
TypeSH
Market value$1.97B
6.53%
Sole
4.42M
Shared
0.00
None
0.00
AMAZON COM INC
DFNDShares8.92M
TypeSH
Market value$1.96B
6.51%
Sole
8.92M
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares1.59M
TypeSH
Market value$1.06B
3.52%
Sole
1.59M
Shared
0.00
None
0.00
APPLE INC
SOLEShares3.74M
TypeSH
Market value$952.47M
3.17%
Sole
3.74M
Shared
0.00
None
0.00
ISHARES TR
DFNDShares3.64M
TypeSH
Market value$881.86M
2.93%
Sole
3.64M
Shared
0.00
None
0.00
NETFLIX INC
SOLEShares623.05K
TypeSH
Market value$746.99M
2.48%
Sole
623.05K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares1.31M
TypeSH
Market value$657.29M
2.18%
Sole
1.31M
Shared
0.00
None
0.00
ADVANCED MICRO DEVICES INC
SOLEShares3.85M
TypeSH
Market value$623.08M
2.07%
Sole
3.85M
Shared
0.00
None
0.00
ISHARES BITCOIN TRUST ETF
DFNDShares9.11M
TypeSH
Market value$591.91M
1.97%
Sole
9.11M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares7.19M
TypeSH
Market value$583.76M
1.94%
Sole
7.19M
Shared
0.00
None
0.00
STRATEGY INC
DFNDShares1.79M
TypeSH
Market value$576.18M
1.92%
Sole
1.79M
Shared
0.00
None
0.00
ROBINHOOD MKTS INC
DFNDShares3.93M
TypeSH
Market value$562.04M
1.87%
Sole
3.93M
Shared
0.00
None
0.00
INVESCO QQQ TR
DFNDShares876.54K
TypeSH
Market value$526.25M
1.75%
Sole
876.54K
Shared
0.00
None
0.00
DOLLAR TREE INC
SOLEShares4.43M
TypeSH
Market value$418.19M
1.39%
Sole
4.43M
Shared
0.00
None
0.00
FLAGSTAR FINANCIAL INC
SOLEShares34.69M
TypeSH
Market value$400.66M
1.33%
Sole
34.69M
Shared
0.00
None
0.00
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares1.34M
TypeSH
Market value$375.21M
1.25%
Sole
1.34M
Shared
0.00
None
0.00
VANECK ETF TRUST
DFNDShares1.08M
TypeSH
Market value$353.89M
1.18%
Sole
1.08M
Shared
0.00
None
0.00
SOUTHERN CO
SOLEShares279.13M
TypePRN
Market value$314.75M
1.05%
Sole
279.13M
Shared
0.00
None
0.00
CNX RES CORP
SOLEShares122.10M
TypePRN
Market value$305.44M
1.02%
Sole
122.10M
Shared
0.00
None
0.00
DEXCOM INC
SOLEShares259.03M
TypePRN
Market value$257.31M
0.86%
Sole
259.03M
Shared
0.00
None
0.00
WORKDAY INC
SOLEShares1.01M
TypeSH
Market value$243.53M
0.81%
Sole
1.01M
Shared
0.00
None
0.00
DOORDASH INC
SOLEShares890.33K
TypeSH
Market value$242.16M
0.80%
Sole
890.33K
Shared
0.00
None
0.00
CYBERARK SOFTWARE LTD
SOLEShares476.63K
TypeSH
Market value$230.28M
0.77%
Sole
476.63K
Shared
0.00
None
0.00
PG&E CORP
SOLEShares205.44M
TypePRN
Market value$208.16M
0.69%
Sole
205.44M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONDFND | COM | 14.39M | SH | $2.69B 8.93% | 14.39M | 0.00 | 0.00 |
TESLA INCDFND | COM | 4.42M | SH | $1.97B 6.53% | 4.42M | 0.00 | 0.00 |
AMAZON COM INCDFND | COM | 8.92M | SH | $1.96B 6.51% | 8.92M | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 1.59M | SH | $1.06B 3.52% | 1.59M | 0.00 | 0.00 |
APPLE INCSOLE | COM | 3.74M | SH | $952.47M 3.17% | 3.74M | 0.00 | 0.00 |
ISHARES TRDFND | RUSSELL 2000 ETF | 3.64M | SH | $881.86M 2.93% | 3.64M | 0.00 | 0.00 |
NETFLIX INCSOLE | COM | 623.05K | SH | $746.99M 2.48% | 623.05K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 1.31M | SH | $657.29M 2.18% | 1.31M | 0.00 | 0.00 |
ADVANCED MICRO DEVICES INCSOLE | COM | 3.85M | SH | $623.08M 2.07% | 3.85M | 0.00 | 0.00 |
ISHARES BITCOIN TRUST ETFDFND | SHS BEN INT | 9.11M | SH | $591.91M 1.97% | 9.11M | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX HI YD ETF | 7.19M | SH | $583.76M 1.94% | 7.19M | 0.00 | 0.00 |
STRATEGY INCDFND | CL A NEW | 1.79M | SH | $576.18M 1.92% | 1.79M | 0.00 | 0.00 |
ROBINHOOD MKTS INCDFND | COM CL A | 3.93M | SH | $562.04M 1.87% | 3.93M | 0.00 | 0.00 |
INVESCO QQQ TRDFND | UNIT SER 1 | 876.54K | SH | $526.25M 1.75% | 876.54K | 0.00 | 0.00 |
DOLLAR TREE INCSOLE | COM | 4.43M | SH | $418.19M 1.39% | 4.43M | 0.00 | 0.00 |
FLAGSTAR FINANCIAL INCSOLE | COM NEW | 34.69M | SH | $400.66M 1.33% | 34.69M | 0.00 | 0.00 |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 1.34M | SH | $375.21M 1.25% | 1.34M | 0.00 | 0.00 |
VANECK ETF TRUSTDFND | SEMICONDUCTR ETF | 1.08M | SH | $353.89M 1.18% | 1.08M | 0.00 | 0.00 |
SOUTHERN COSOLE | NOTE 3.875%12/1 | 279.13M | PRN | $314.75M 1.05% | 279.13M | 0.00 | 0.00 |
CNX RES CORPSOLE | NOTE 2.250% 5/0 | 122.10M | PRN | $305.44M 1.02% | 122.10M | 0.00 | 0.00 |
DEXCOM INCSOLE | NOTE 0.250%11/1 | 259.03M | PRN | $257.31M 0.86% | 259.03M | 0.00 | 0.00 |
WORKDAY INCSOLE | CL A | 1.01M | SH | $243.53M 0.81% | 1.01M | 0.00 | 0.00 |
DOORDASH INCSOLE | CL A | 890.33K | SH | $242.16M 0.80% | 890.33K | 0.00 | 0.00 |
CYBERARK SOFTWARE LTDSOLE | SHS | 476.63K | SH | $230.28M 0.77% | 476.63K | 0.00 | 0.00 |
PG&E CORPSOLE | NOTE 4.250%12/0 | 205.44M | PRN | $208.16M 0.69% | 205.44M | 0.00 | 0.00 |
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