Hudson Bay Capital Management LP's Q4 2023 13F is in
Form 13F-HR for the quarter ended Dec 31, 2023 · filed Feb 14, 2024 · 603 reported positions · accession 0001393825-24-000128
This filing covers a somewhat different set of reporting entities than the fund's prior filing, so a few of the changes below may reflect that rather than trading.
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | ACTIVISION BLIZZARD INC (ATVI) | 7.3% | — | −7.3 pts | −7.32M sh | −100% |
| Increased | BERKSHIRE HATHAWAY INC DEL (BRK-B) | 1.1% | 4.5% | +3.4 pts | +1.01M sh | +347% |
| Increased | ADVANCED MICRO DEVICES INC (AMD) | 0.9% | 4.4% | +3.6 pts | +2.31M sh | +289% |
| Increased | SPDR S&P 500 ETF TR (SPY) | 0.4% | 3.4% | +3.0 pts | +642K sh | +656% |
| Reduced | ISHARES TR (ACWI) | 3.4% | 1.0% | −2.4 pts | −2.5M sh | −71% |
| Exited | HORIZON THERAPEUTICS PUB L (HZNP) | 2.3% | — | −2.3 pts | −1.91M sh | −100% |
| Reduced | APPLE INC (AAPL) | 5.2% | 3.2% | −1.9 pts | −1.11M sh | −39% |
| Reduced | MICROSOFT CORP (MSFT) | 8.3% | 7.4% | −0.9 pts | −435K sh | −18% |
| New | PIONEER NAT RES CO (PXD) | — | 1.4% | +1.4 pts | +642K sh | new |
| Exited | ISHARES TR (MCHI) | 1.4% | — | −1.4 pts | −3M sh | −100% |
| Exited | SEAGEN INC (SGEN) | 1.3% | — | −1.3 pts | −570K sh | −100% |
| Increased | AMAZON COM INC (AMZN) | 5.9% | 7.7% | +1.8 pts | +833K sh | +19% |
| Increased | SPLUNK INC (SPLK) | 0.1% | 1.2% | +1.1 pts | +766K sh | +2244% |
| Increased | ALPHABET INC (GOOGL) | 3.4% | 4.4% | +1.0 pts | +808K sh | +33% |
| Increased | ADOBE INC (ADBE) | 0.4% | 1.5% | +1.1 pts | +182K sh | +243% |
| Increased | ILLUMINA INC (ILMN) | 0.1% | 1.1% | +1.0 pts | +778K sh | +2073% |
| Exited | GOLDMAN SACHS GROUP INC (GS) | 1.0% | — | −1.0 pts | −300K sh | −100% |
| Reduced | META PLATFORMS INC (META) | 4.9% | 4.3% | −0.6 pts | −287K sh | −18% |
| Exited | TARGET CORP (TGT) | 0.9% | — | −0.9 pts | −779K sh | −100% |
| Reduced | ISHARES INC (EWJ) | 1.7% | 0.8% | −0.9 pts | −1.45M sh | −54% |
| Increased | SELECT SECTOR SPDR TR (XLF) | 1.1% | 2.0% | +0.9 pts | +2.4M sh | +79% |
| New | HESS CORP (HES) | — | 0.9% | +0.9 pts | +610K sh | new |
| Increased | SALESFORCE INC (CRM) | 0.4% | 1.2% | +0.8 pts | +301K sh | +162% |
| Exited | ABCAM PLC (ABCZF) | 0.7% | — | −0.7 pts | −3.07M sh | −100% |
| Exited | AVIS BUDGET GROUP (CAR) | 0.7% | — | −0.7 pts | −350K sh | −100% |
| New | ISHARES TR (LQD) | — | 0.6% | +0.6 pts | +600K sh | new |
| Increased | BOEING CO (BA) | 0.2% | 0.9% | +0.7 pts | +245K sh | +213% |
| Reduced | PFIZER INC (PFE) | 0.9% | 0.1% | −0.8 pts | −2.17M sh | −84% |
| New | SELECT SECTOR SPDR TR (XLU) | — | 0.6% | +0.6 pts | +945K sh | new |
| Exited | COGNIZANT TECHNOLOGY SOLUTIO (CTSH) | 0.6% | — | −0.6 pts | −785K sh | −100% |
| Exited | ISHARES TR (EEM) | 0.6% | — | −0.6 pts | −1.4M sh | −100% |
| Exited | DISNEY WALT CO (DIS) | 0.6% | — | −0.6 pts | −640K sh | −100% |
| New | EXXON MOBIL CORP (XOM) | — | 0.5% | +0.5 pts | +500K sh | new |
| New | SERVICENOW INC (NOW) | — | 0.5% | +0.5 pts | +70,000 sh | new |
| Increased | MONSTER BEVERAGE CORP NEW (MNST) | 0.0% | 0.5% | +0.5 pts | +847K sh | +1176% |
| New | FIRST AMERN FINL CORP (FAF) | — | 0.5% | +0.5 pts | +750K sh | new |
| Increased | PENN ENTERTAINMENT INC (PENN) | 0.0% | 0.5% | +0.5 pts | +1.84M sh | +1149% |
| New | INTEL CORP (INTC) | — | 0.4% | +0.4 pts | +900K sh | new |
| Exited | VMWARE INC (VMW) | 0.4% | — | −0.4 pts | −248K sh | −100% |
| Exited | NATIONAL INSTRS CORP (NATI) | 0.4% | — | −0.4 pts | −670K sh | −100% |
| Increased | NVIDIA CORPORATION (NVDA) | 1.4% | 1.8% | +0.5 pts | +87,100 sh | +30% |
| Exited | ARM HOLDINGS PLC (ARM) | 0.4% | — | −0.4 pts | −727K sh | −100% |
| Exited | TILRAY BRANDS INC (TLRY) | 0.4% | — | −0.4 pts | −16.18M sh | −100% |
| New | ISHARES TR (EFA) | — | 0.4% | +0.4 pts | +550K sh | new |
| Increased | SHOPIFY INC (SHOP) | 0.5% | 1.1% | +0.5 pts | +510K sh | +57% |
| Increased | PAYPAL HLDGS INC (PYPL) | 0.1% | 0.4% | +0.4 pts | +646K sh | +718% |
| Increased | ISHARES TR (FXI) | 0.8% | 1.1% | +0.2 pts | +1.55M sh | +52% |
| New | REGENERON PHARMACEUTICALS (REGN) | — | 0.4% | +0.4 pts | +41,500 sh | new |
| New | BOOKING HOLDINGS INC (BKNG) | — | 0.3% | +0.3 pts | +10,000 sh | new |
| Exited | ABBVIE INC (ABBV) | 0.3% | — | −0.3 pts | −211K sh | −100% |
The 50 largest of 750 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 44.9% of the equity book
Changes in the top 10 this quarter: BRK-B entered · AMD entered · SPY entered · XLF entered · ATVI left · ACWI left · HZNP left · OXYWS left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | AMAZON COM INC (AMZN) | 5.9% | 7.7% | |
| 2 | MICROSOFT CORP (MSFT) | 8.3% | 7.4% | |
| 3 | BERKSHIRE HATHAWAY INC DEL (BRK-B) | 1.1% | 4.5% | Entered the top 10 |
| 4 | ADVANCED MICRO DEVICES INC (AMD) | 0.9% | 4.4% | Entered the top 10 |
| 5 | ALPHABET INC (GOOGL) | 3.4% | 4.4% | |
| 6 | META PLATFORMS INC (META) | 4.9% | 4.3% | |
| 7 | ALPHABET INC (GOOG) | 3.5% | 3.4% | |
| 8 | SPDR S&P 500 ETF TR (SPY) | 0.4% | 3.4% | Entered the top 10 |
| 9 | APPLE INC (AAPL) | 5.2% | 3.2% | |
| 10 | SELECT SECTOR SPDR TR (XLF) | 1.1% | 2.0% | Entered the top 10 |
| — | ACTIVISION BLIZZARD INC (ATVI) | 7.3% | 0.0% | Left the top 10 |
| — | ISHARES TR (ACWI) | 3.4% | 1.0% | Left the top 10 |
| — | HORIZON THERAPEUTICS PUB L (HZNP) | 2.3% | 0.0% | Left the top 10 |
| — | OCCIDENTAL PETE CORP (OXYWS) | 1.9% | 1.5% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Increased | AMAZON COM INC (AMZN) | Put | 810K | 4.39M | $667M |
| Increased | MICROSOFT CORP (MSFT) | Put | 406K | 1.65M | $620M |
| New | ADVANCED MICRO DEVICES INC (AMD) | Put | 0 | 2.3M | $339M |
| Reduced | INTERCONTINENTAL EXCHANGE IN (ICE) | Call | 4.3M | 1.11M | $143M |
| Increased | SPDR S&P 500 ETF TR (SPY) | Put | 450K | 1.04M | $494M |
| Increased | ALPHABET INC (GOOGL) | Put | 250K | 2.2M | $307M |
| New | BERKSHIRE HATHAWAY INC DEL (BRK-B) | Put | 0 | 655K | $234M |
| New | INVESCO EXCHANGE TRADED FD T (RSP) | Call | 0 | 901K | $142M |
| Exited | ISHARES TR (ACWI) | Put | 1.5M | 0 | $0 |
| New | APPLE INC (AAPL) | Put | 0 | 580K | $112M |
| Increased | ALPHABET INC (GOOG) | Put | 250K | 1.02M | $144M |
| Exited | GOLDMAN SACHS GROUP INC (GS) | Put | 300K | 0 | $0 |
| New | SALESFORCE INC (CRM) | Put | 0 | 350K | $92.1M |
| New | BOEING CO (BA) | Put | 0 | 350K | $91.2M |
| New | NVIDIA CORPORATION (NVDA) | Put | 0 | 150K | $74.3M |
| Exited | SPDR SER TR (XOP) | Call | 450K | 0 | $0 |
| Exited | ISHARES TR (MCHI) | Put | 1.5M | 0 | $0 |
| Exited | SEAGEN INC (SGEN) | Put | 300K | 0 | $0 |
| Exited | ISHARES TR (EEM) | Put | 1.4M | 0 | $0 |
| Exited | DISNEY WALT CO (DIS) | Put | 640K | 0 | $0 |
| New | EXXON MOBIL CORP (XOM) | Put | 0 | 500K | $50M |
| New | ADOBE INC (ADBE) | Put | 0 | 75,000 | $44.7M |
| Increased | NETFLIX INC (NFLX) | Put | 17,500 | 77,000 | $37.5M |
| Reduced | META PLATFORMS INC (META) | Put | 765K | 730K | $258M |
| New | BAUSCH HEALTH COS INC (BHC) | Put | 0 | 3M | $24.1M |