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← Hudson Bay Capital Management LP, latest filing

What Hudson Bay Capital Management LP changed, 2013 to 2026

53 quarterly 13F filings, from Q2 2013 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.

Reported book

$36.8bn

$1.9bn at Q2 2013

Positions

1,335

148 at Q2 2013

Top ten weight

26%

35% at Q2 2013

Typical quarterly turnover

about 34%

Estimated from share changes

Reported book by quarter
$0$18bn$37bnQ2 2013: $1.9bnQ3 2013: $2.7bnQ4 2013: $2.5bnQ1 2014: $3.7bn14Q2 2014: $3.2bnQ3 2014: $3.5bnQ4 2014: $4.3bnQ1 2015: $3.8bn15Q2 2015: $3.4bnQ3 2015: $2.3bnQ4 2015: $1.8bnQ1 2016: $2.1bn16Q2 2016: $3.2bnQ3 2016: $4.1bnQ4 2016: $4.8bnQ1 2017: $7.4bn17Q2 2017: $5.0bnQ3 2017: $4.0bnQ4 2017: $4.7bnQ1 2018: $4.8bn18Q2 2018: $7.1bnQ3 2018: $8.1bnQ4 2018: $7.5bnQ1 2019: $7.8bn19Q2 2019: $4.4bnQ3 2019: $3.6bnQ4 2019: $4.5bnQ1 2020: $4.0bn20Q2 2020: $5.7bnQ3 2020: $6.7bnQ4 2020: $9.3bnQ1 2021: $8.1bn21Q2 2021: $8.3bnQ3 2021: $7.4bnQ4 2021: $9.8bnQ1 2022: $7.4bn22Q2 2022: $13.2bnQ3 2022: $11.3bnQ4 2022: $9.8bnQ1 2023: $12.1bn23Q2 2023: $13.8bnQ3 2023: $12.7bnQ4 2023: $15.8bnQ1 2024: $18.0bn24Q2 2024: $21.3bnQ3 2024: $24.7bnQ4 2024: $28.4bnQ1 2025: $32.4bn25Q2 2025: $29.4bnQ3 2025: $30.1bnQ4 2025: $30.3bnQ1 2026: $29.0bn26Q2 2026: $36.8bn
  • Q2 2013: $1.9bn
  • Q3 2013: $2.7bn
  • Q4 2013: $2.5bn
  • Q1 2014: $3.7bn
  • Q2 2014: $3.2bn
  • Q3 2014: $3.5bn
  • Q4 2014: $4.3bn
  • Q1 2015: $3.8bn
  • Q2 2015: $3.4bn
  • Q3 2015: $2.3bn
  • Q4 2015: $1.8bn
  • Q1 2016: $2.1bn
  • Q2 2016: $3.2bn
  • Q3 2016: $4.1bn
  • Q4 2016: $4.8bn
  • Q1 2017: $7.4bn
  • Q2 2017: $5.0bn
  • Q3 2017: $4.0bn
  • Q4 2017: $4.7bn
  • Q1 2018: $4.8bn
  • Q2 2018: $7.1bn
  • Q3 2018: $8.1bn
  • Q4 2018: $7.5bn
  • Q1 2019: $7.8bn
  • Q2 2019: $4.4bn
  • Q3 2019: $3.6bn
  • Q4 2019: $4.5bn
  • Q1 2020: $4.0bn
  • Q2 2020: $5.7bn
  • Q3 2020: $6.7bn
  • Q4 2020: $9.3bn
  • Q1 2021: $8.1bn
  • Q2 2021: $8.3bn
  • Q3 2021: $7.4bn
  • Q4 2021: $9.8bn
  • Q1 2022: $7.4bn
  • Q2 2022: $13.2bn
  • Q3 2022: $11.3bn
  • Q4 2022: $9.8bn
  • Q1 2023: $12.1bn
  • Q2 2023: $13.8bn
  • Q3 2023: $12.7bn
  • Q4 2023: $15.8bn
  • Q1 2024: $18.0bn
  • Q2 2024: $21.3bn
  • Q3 2024: $24.7bn
  • Q4 2024: $28.4bn
  • Q1 2025: $32.4bn
  • Q2 2025: $29.4bn
  • Q3 2025: $30.1bn
  • Q4 2025: $30.3bn
  • Q1 2026: $29.0bn
  • Q2 2026: $36.8bn
Share of the book in the ten largest positions
0%33%65%Q2 2013: 35%Q3 2013: 39%Q4 2013: 38%Q1 2014: 40%14Q2 2014: 36%Q3 2014: 42%Q4 2014: 47%Q1 2015: 44%15Q2 2015: 37%Q3 2015: 42%Q4 2015: 47%Q1 2016: 65%16Q2 2016: 52%Q3 2016: 40%Q4 2016: 32%Q1 2017: 26%17Q2 2017: 31%Q3 2017: 41%Q4 2017: 44%Q1 2018: 24%18Q2 2018: 25%Q3 2018: 30%Q4 2018: 28%Q1 2019: 29%19Q2 2019: 38%Q3 2019: 39%Q4 2019: 40%Q1 2020: 43%20Q2 2020: 43%Q3 2020: 42%Q4 2020: 53%Q1 2021: 39%21Q2 2021: 23%Q3 2021: 24%Q4 2021: 30%Q1 2022: 19%22Q2 2022: 27%Q3 2022: 26%Q4 2022: 20%Q1 2023: 24%23Q2 2023: 23%Q3 2023: 37%Q4 2023: 35%Q1 2024: 38%24Q2 2024: 37%Q3 2024: 31%Q4 2024: 25%Q1 2025: 24%25Q2 2025: 28%Q3 2025: 29%Q4 2025: 26%Q1 2026: 27%26Q2 2026: 26%
  • Q2 2013: 35%
  • Q3 2013: 39%
  • Q4 2013: 38%
  • Q1 2014: 40%
  • Q2 2014: 36%
  • Q3 2014: 42%
  • Q4 2014: 47%
  • Q1 2015: 44%
  • Q2 2015: 37%
  • Q3 2015: 42%
  • Q4 2015: 47%
  • Q1 2016: 65%
  • Q2 2016: 52%
  • Q3 2016: 40%
  • Q4 2016: 32%
  • Q1 2017: 26%
  • Q2 2017: 31%
  • Q3 2017: 41%
  • Q4 2017: 44%
  • Q1 2018: 24%
  • Q2 2018: 25%
  • Q3 2018: 30%
  • Q4 2018: 28%
  • Q1 2019: 29%
  • Q2 2019: 38%
  • Q3 2019: 39%
  • Q4 2019: 40%
  • Q1 2020: 43%
  • Q2 2020: 43%
  • Q3 2020: 42%
  • Q4 2020: 53%
  • Q1 2021: 39%
  • Q2 2021: 23%
  • Q3 2021: 24%
  • Q4 2021: 30%
  • Q1 2022: 19%
  • Q2 2022: 27%
  • Q3 2022: 26%
  • Q4 2022: 20%
  • Q1 2023: 24%
  • Q2 2023: 23%
  • Q3 2023: 37%
  • Q4 2023: 35%
  • Q1 2024: 38%
  • Q2 2024: 37%
  • Q3 2024: 31%
  • Q4 2024: 25%
  • Q1 2025: 24%
  • Q2 2025: 28%
  • Q3 2025: 29%
  • Q4 2025: 26%
  • Q1 2026: 27%
  • Q2 2026: 26%

The positions that defined it

Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.

PositionValue over timeFirst listedLargestQ2 2026
Tesla Motors Inc(TSLA)Q2 2022$1.4bnQ4 2025$1.2bn
Amazon Com Inc(AMZN)Q2 2022$1.1bnQ2 2026$1.1bn
Amazon Com Inc(AMZN)Q4 2014$982mQ2 2026$982m
Nvidia Corp(NVDA)Q2 2022$1.3bnQ3 2025$942m
iShares Russell 2000 ETF(IWM)Q3 2021$935mQ2 2026$935m
Taiwan Semiconductor MFG LTD(TSM)Sponsored ADSQ3 2021$931mQ2 2026$931m
Taiwan Semiconductor MFG LTD(TSM)Sponsored ADSQ3 2022$923mQ2 2026$923m
Tesla Motors Inc(TSLA)Q4 2016$864mQ2 2026$864m
Adv Micro Dev STK(AMD)Q4 2021$820mQ2 2026$820m
Nvidia Corp(NVDA)Q3 2016$1.3bnQ3 2024$786m
Palantir Technologies Inc(PLTR)Class AQ1 2023$758mQ2 2026$758m
SanDisk Corp(SNDK)Q2 2026$696mQ2 2026$696m
Tesla IncNote 2.000% 5/1Q3 2019$1.9bnQ4 2020Soldlast listed Q1 2021
Tesla MTRS IncPUTQ2 2016$1.6bnQ4 2020Soldlast listed Q2 2021
Activision Blizzard IncQ2 2018$685mQ3 2023Soldlast listed Q3 2023
Royal Caribbean GroupNote 6.000% 8/1Q3 2023$578mQ4 2024Soldlast listed Q4 2024
Altaba IncQ2 2017$501mQ4 2017Soldlast listed Q3 2019
Nvidia CorpNote 1.000%12/0Q4 2015$494mQ4 2016Soldlast listed Q4 2016
Intercontinentalexchange Gro(ICE)Q3 2023$473mQ3 2023Soldlast listed Q4 2023
Alibaba Group HLDG LTDQ1 2016$459mQ1 2016Below the listed rangelast listed Q1 2016

Quarter by quarter

2026Q1Q2
2025Q1Q2Q3Q4
2024Q1Q2Q3Q4
2023Q1Q2Q3Q4
2022Q1Q2Q3Q4
2021Q1Q2Q3Q4
2020Q1Q2Q3Q4
2019Q1Q2Q3Q4
2018Q1Q2Q3Q4
2017Q1Q2Q3Q4
2016Q1Q2Q3Q4
2015Q1Q2Q3Q4
2014Q1Q2Q3Q4
2013Q2Q3Q4

Q3 2023: $12.7bn across 782 positions

Against Q2 2023: 253 new, 159 added to, 183 trimmed, 263 sold out, across all 782 positions.

Turnover about 44% of the book, estimated from share changes at quarter-end prices.

Largest additions

  • Activision Blizzard Inc+$673m
  • Amazon Com Inc (AMZN)+$407m
  • Facebook Inc (META)+$238m
  • Alphabet Inc (GOOG)+$215m
  • Apple Inc (AAPL)+$175m
  • iShares MSCI Acwi ETF (ACWI)+$131m
  • Facebook Inc (META)+$101m
  • Horizon Therapeutics Pub L+$96m

Largest reductions

  • Nvidia Corp (NVDA)-$154m
  • Microsoft Corp (MSFT)-$144m
  • Alphabet Inc (GOOGL)-$111m
  • NIKE Inc (NKE)-$100m
  • iShares MSCI Emerging Markets ETF (EEM)-$75m
  • iShares MSCI Emerging Markets ETF (EEM)-$75m
  • Activision Blizzard Inc-$69m
  • SPDR Ser S&P Oilgas EXP (XOP)-$56m

Opened

  • Intercontinentalexchange Gro (ICE)$473m
  • iShares MSCI Acwi ETF (ACWI)$139m

Sold out

  • Toronto-dominion Bank (TD)was $496m
  • Lowes Cos Inc (LOW)was $419m
  • Costco Wholesale Coro (COST)was $361m
  • Chevron Corp (CVX)was $315m
  • Booking HLDGS Inc (BKNG)was $301m
  • Exxon Mobil Corp (XOM)was $300m
  • Merck & Co Inc (MRK)was $231m
  • Lam Research Corpwas $219m

Largest positions, Q3 2023

The largest 25 of 782 reported positions; the largest 500 carry 99% of the reported value.

PositionValueWeightOn the quarter
Microsoft Corp (MSFT)$781m6.1%Added
Activision Blizzard Inc$685m5.4%Added
Amazon Com Inc (AMZN)$559m4.4%Added
Apple Inc (AAPL)$487m3.8%Added
Intercontinentalexchange Gro (ICE)$473m3.7%New
Facebook Inc (META)$466m3.7%Added
Alphabet Inc (GOOG)$331m2.6%Added
iShares MSCI Acwi ETF (ACWI)$323m2.5%Added
Alphabet Inc (GOOGL)$318m2.5%Added
Facebook Inc (META)$230m1.8%Added
Horizon Therapeutics Pub L$221m1.7%Added
Spdr S&P 500 Etf Trust (SPY)$192m1.5%Added
Occidental Pete Corp$178m1.4%Added
iShares MSCI JPN ETF New (EWJ)$163m1.3%Held
Transocean Inc$160m1.3%Trimmed
Transocean Inc$159m1.3%Trimmed
iShares MSCI Acwi ETF (ACWI)$139m1.1%New
CNX Res Corp$136m1.1%Held
iShares MSCI China ETF (MCHI)$130m1.0%Added
Microsoft Corp (MSFT)$128m1.0%Trimmed
Nvidia Corp (NVDA)$128m1.0%Trimmed
Seagen Inc$121m0.9%Added
Eqt Corp$119m0.9%Added
PNM Res Inc (TXNM)$119m0.9%Added
Carnival Corp$118m0.9%Trimmed

The books most like this one

Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.

ManagerOverlapStocks in bothOverlap over time
Invesco Ltdat least 25%155Compare
T. Rowe Price Associates Incat least 22%136Compare
Fidelity (FMR LLC)at least 22%133Compare
Capital World Investorsat least 22%120Compare
Woodline Partners LPat least 21%145Compare
Neuberger Berman Group LLCat least 21%144Compare
Wellington Management Group LLPat least 21%135Compare
AllianceBernstein LPat least 20%140Compare

“At least” where either manager has more positions than are read each quarter: a stock both hold below that range is not counted.

The filings behind it

Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.

QuarterFilerBookAmendedFiling
Q2 2026Hudson Bay Capital Management LP$36.8bn13F-HR
Q1 2026Hudson Bay Capital Management LP$29.0bn13F-HR
Q4 2025Hudson Bay Capital Management LP$30.3bn13F-HR
Q3 2025Hudson Bay Capital Management LP$30.1bn13F-HR
Q2 2025Hudson Bay Capital Management LP$29.4bn13F-HR
Q1 2025Hudson Bay Capital Management LP$32.4bn13F-HR
Q4 2024Hudson Bay Capital Management LP$28.4bn13F-HR
Q3 2024Hudson Bay Capital Management LP$24.7bn13F-HR
Q2 2024Hudson Bay Capital Management LP$21.3bn13F-HR
Q1 2024Hudson Bay Capital Management LP$18.0bn13F-HR
Q4 2023Hudson Bay Capital Management LP$15.8bn13F-HR
Q3 2023Hudson Bay Capital Management LP$12.7bn113F-HR
Q2 2023Hudson Bay Capital Management LP$13.8bn13F-HR
Q1 2023Hudson Bay Capital Management LP$12.1bn113F-HR
Q4 2022Hudson Bay Capital Management LP$9.8bn13F-HR
Q3 2022Hudson Bay Capital Management LP$11.3bn13F-HR
Q2 2022Hudson Bay Capital Management LP$13.2bn13F-HR
Q1 2022Hudson Bay Capital Management LP$7.4bn13F-HR
Q4 2021Hudson Bay Capital Management LP$9.8bn13F-HR
Q3 2021Hudson Bay Capital Management LP$7.4bn13F-HR
Q2 2021Hudson Bay Capital Management LP$8.3bn13F-HR
Q1 2021Hudson Bay Capital Management LP$8.1bn13F-HR
Q4 2020Hudson Bay Capital Management LP$9.3bn113F-HR
Q3 2020Hudson Bay Capital Management LP$6.7bn13F-HR
Q2 2020Hudson Bay Capital Management LP$5.7bn13F-HR
Q1 2020Hudson Bay Capital Management LP$4.0bn13F-HR
Q4 2019Hudson Bay Capital Management LP$4.5bn13F-HR
Q3 2019Hudson Bay Capital Management LP$3.6bn13F-HR
Q2 2019Hudson Bay Capital Management LP$4.4bn13F-HR
Q1 2019Hudson Bay Capital Management LP$7.8bn13F-HR
Q4 2018Hudson Bay Capital Management LP$7.5bn13F-HR
Q3 2018Hudson Bay Capital Management LP$8.1bn13F-HR
Q2 2018Hudson Bay Capital Management LP$7.1bn13F-HR
Q1 2018Hudson Bay Capital Management LP$4.8bn13F-HR
Q4 2017Hudson Bay Capital Management LP$4.7bn13F-HR
Q3 2017Hudson Bay Capital Management LP$4.0bn13F-HR
Q2 2017Hudson Bay Capital Management LP$5.0bn13F-HR
Q1 2017Hudson Bay Capital Management LP$7.4bn13F-HR
Q4 2016Hudson Bay Capital Management LP$4.8bn113F-HR
Q3 2016Hudson Bay Capital Management LP$4.1bn13F-HR
Q2 2016Hudson Bay Capital Management LP$3.2bn13F-HR
Q1 2016Hudson Bay Capital Management LP$2.1bn13F-HR
Q4 2015Hudson Bay Capital Management LP$1.8bn13F-HR
Q3 2015Hudson Bay Capital Management LP$2.3bn13F-HR
Q2 2015Hudson Bay Capital Management LP$3.4bn13F-HR
Q1 2015Hudson Bay Capital Management LP$3.8bn13F-HR
Q4 2014Hudson Bay Capital Management LP$4.3bn13F-HR
Q3 2014Hudson Bay Capital Management LP$3.5bn13F-HR
Q2 2014Hudson Bay Capital Management LP$3.2bn13F-HR
Q1 2014Hudson Bay Capital Management LP$3.7bn13F-HR
Q4 2013Hudson Bay Capital Management LP$2.5bn13F-HR
Q3 2013Hudson Bay Capital Management LP$2.7bn13F-HR
Q2 2013Hudson Bay Capital Management LP$1.9bn13F-HR

Reading this record

A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.

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