Hudson Bay Capital Management LP
Hudson Bay Capital Management LP is a hedge fund headquartered in Greenwich, Connecticut, United States. The firm was established in 2005 and currently employs around 316 professionals. Hudson Bay focuses on serving institutional investors and high-net-worth individuals, managing a diversified portfolio across multiple asset classes with a global reach.
Investment Strategy
Hudson Bay Capital Management LP employs a multi-strategy investment approach with a focus on event-driven, equity, credit, convertible securities, and other arbitrage opportunities. The firm relies heavily on proprietary research and quantitative analysis, seeking to deliver risk-adjusted returns through opportunistic and flexible allocations across public and private markets.
Latest 13F Filing Activity
Hudson Bay Capital Management LP filed their most recent 13F report on Jun 30, 2025 disclosing 822 equity positions and 403 options positions with a total 13F market value of $29B. The fund increased holdings in Microstrategy Inc., Advanced Micro Devices Inc., Amazon Com Inc. among other positions. Hudson Bay Capital Management LP reduced exposure to Apple Inc., Ishares TR, Microsoft Corp. among others.
Top Holdings
Equity Positions (822)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | 3.77% | $1.11B | 7,024,302 | $85.51 | $157.99 | +$7.7M |
T TSLA | TESLA INC | 1.96% | $576.1M | 1,813,631 | $299.76 | $317.66 | +$56.3M |
M MSTR | MICROSTRATEGY INC | 1.64% | $481.6M | 1,191,358 | $327.15 | $404.23 | +$273.7M |
A AMZN | AMAZON COM INC | 1.60% | $471.7M | 2,150,035 | $175.57 | $219.39 | +$228.5M |
A AMD | ADVANCED MICRO DEVICES INC | 1.54% | $454.2M | 3,200,731 | $149.10 | $141.90 | +$245.2M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | Sold | Put | $1.23B | 77,655 | $157.99 | $95.91 | -40,619 | -$55.0M |
Q QQQ | INVESCO QQQ TR | Bought | Put | $1.20B | 21,824 | $551.64 | $550.44 | +21,336 | +$1.18B |
T TSLA | TESLA INC | Bought | Put | $952.2M | 29,975 | $317.66 | $318.73 | +3,895 | +$276.3M |
S SPY | SPDR S&P 500 ETF TR | Sold | Put | $860.8M | 13,932 | $617.85 | $522.91 | -955 | +$28.0M |
A AMZN | AMAZON COM INC | Bought | Put | $674.7M | 30,755 | $219.39 | $177.73 | +7,256 | +$227.6M |
Industry Allocation
Investment Team (34)
| Name | Role | Location | |
|---|---|---|---|
 | Healthcare Analyst | New York, NY , United States | |
 | Managing Director | New York, NY , United States | |
 | Vice President | United States | |
 | Senior Analyst | New York, NY , United States | |
 | Senior Managing Director -- Biotechnology Investments | New York, NY , United States | |
G Gabor Siklos | Managing Director, Risk Management | New York, NY , United States | |
G George Antonopoulos | Limited Partner | New York, NY , United States | |
G Greg Labuda | Senior Analyst | New York, NY , United States | |
 | Senior Analyst | New York, NY , United States | |
J Jeffrey Gildersleeve | Portfolio Manager | Greenwich, CT , United States |