13F holdings
Hudson Bay Capital Management LP portfolio
Managed by . 1,261 reported positions worth $16.6B as of 2026-03-31, filed with the SEC on 2026-05-13. Parsed from the filing itself, not a reseller.
$16.6B
Book value
1,261
Positions
31%
Top 10 weight
+504
New this quarter
-264
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 43 days old on 2026-05-13, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (504)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| UNH | UNITEDHEALTH GROUP INC | $189.4M | 700,000 | 1.14% |
| MU | MICRON TECHNOLOGY INC | $168.9M | 500,070 | 1.02% |
| PEN | PENUMBRA INC | $114.6M | 349,038 | 0.69% |
| ITGR | INTEGER HLDGS CORP | $88.0M | 1,000,000 | 0.53% |
| WBS | WEBSTER FINL CORP | $83.3M | 1,199,249 | 0.50% |
| MASI* | MASIMO CORP | $58.8M | 330,679 | 0.35% |
| CVX | CHEVRON CORPORATION | $55.4M | 267,726 | 0.33% |
| RTX | RTX CORPORATION | $51.8M | 268,555 | 0.31% |
| POWI | POWER INTEGRATIONS INC | $51.2M | 1,000,000 | 0.31% |
| VAL | VALARIS LTD | $49.0M | 499,604 | 0.29% |
| WELL | WELLTOWER INC | $46.5M | 235,296 | 0.28% |
| BE | BLOOM ENERGY CORP | $43.5M | 321,266 | 0.26% |
| BAC 7.25 PERP L | BANK AMERICA CORP | $43.1M | 36,192 | 0.26% |
| FSLR | FIRST SOLAR INC | $39.5M | 200,000 | 0.24% |
| KLAC | KLA CORP | $39.2M | 26,600 | 0.24% |
| CSCO | CISCO SYS INC | $39.1M | 503,800 | 0.24% |
| TXN | TEXAS INSTRS INC | $34.7M | 178,990 | 0.21% |
| AES | AES CORP | $27.5M | 1,950,000 | 0.17% |
| CHH | CHOICE HOTELS INTL INC | $20.0M | 193,155 | 0.12% |
| NEE | NEXTERA ENERGY INC | $19.9M | 214,296 | 0.12% |
| XLE | SELECT SECTOR SPDR TR | $19.6M | 320,600 | 0.12% |
| IRM | IRON MTN INC DEL | $19.5M | 190,884 | 0.12% |
| FGII | FG IMPERII ACQUISITION CORP | $19.2M | 1,948,264 | 0.12% |
| SKT | TANGER INC | $18.8M | 552,544 | 0.11% |
| CWAN | CLEARWATER ANALYTICS HLDGS I | $18.0M | 762,870 | 0.11% |
Closed out (264)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| CYBR | CYBERARK SOFTWARE LTD | $231.9M | 519,790 | 0.00% |
| EXK | EXACT SCIENCES CORP | $113.3M | 1,115,996 | 0.00% |
| NOW | SERVICENOW INC | $71.2M | 465,000 | 0.00% |
| PYPL | PAYPAL HLDGS INC | $69.9M | 1,197,000 | 0.00% |
| CNC | CENTENE CORP DEL | $66.9M | 1,625,000 | 0.00% |
| CHART INDS INC | CHART INDS INC | $64.2M | 311,071 | 0.00% |
| GS | GOLDMAN SACHS GROUP INC | $53.2M | 60,500 | 0.00% |
| RNG 0 03/15/26 | RINGCENTRAL INC | $52.2M | 52,686,000 | 0.00% |
| CRCL | CIRCLE INTERNET GROUP INC | $39.6M | 500,000 | 0.00% |
| FR | FIRST INDL RLTY TR INC | $37.4M | 652,741 | 0.00% |
| MAA | MID-AMER APT CMNTYS INC | $35.2M | 253,231 | 0.00% |
| CTRE | CARETRUST REIT INC | $34.4M | 952,641 | 0.00% |
| 8QR | CONFLUENT INC | $30.2M | 1,000,000 | 0.00% |
| MTN 0 01/01/26 | VAIL RESORTS INC | $30.2M | 30,236,000 | 0.00% |
| DAY 0.25 03/15/26 | DAYFORCE INC | $28.9M | 29,204,000 | 0.00% |
| MA | MASTERCARD INCORPORATED | $28.5M | 50,000 | 0.00% |
| SNY | SANOFI SA | $28.1M | 580,050 | 0.00% |
| COP | CONOCOPHILLIPS | $28.1M | 300,000 | 0.00% |
| PDM | PIEDMONT REALTY TRUST INC | $27.1M | 3,247,359 | 0.00% |
| DAY | DAYFORCE INC | $23.6M | 341,401 | 0.00% |
| SLG | SL GREEN RLTY CORP | $23.3M | 507,882 | 0.00% |
| MDLN | MEDLINE INC | $23.1M | 550,050 | 0.00% |
| IVT | INVENTRUST PPTYS CORP | $20.9M | 740,690 | 0.00% |
| HPP | HUDSON PAC PPTYS INC | $20.8M | 1,918,515 | 0.00% |
| TFC | TRUIST FINL CORP | $20.0M | 405,978 | 0.00% |
Added to (253)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| TSLA | TESLA INC | $705.4M | 1,897,615 | 4.24% | +5% |
| AMZN | AMAZON COM INC | $614.7M | 2,951,397 | 3.70% | +13% |
| AAPL | APPLE INC | $517.6M | 2,039,515 | 3.11% | +71% |
| ECHO 3.875 11/30/30 | ECHOSTAR CORP | $469.9M | 131,204,072 | 2.83% | +59% |
| NFLX | NETFLIX INC. | $440.4M | 4,580,819 | 2.65% | +22% |
| PLTR | PALANTIR TECHNOLOGIES INC | $396.2M | 2,708,219 | 2.38% | +6% |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $366.7M | 765,266 | 2.20% | +26% |
| RIG 4.625 09/30/29 * | TRANSOCEAN INC | $265.9M | 131,243,000 | 1.60% | +6% |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $242.2M | 716,699 | 1.46% | +236% |
| SPY | STATE STR SPDR S&P 500 ETF T | $164.9M | 253,545 | 0.99% | +92% |
| BAC 0.6 05/25/27 MTN | BOFA FIN LLC | $156.3M | 130,308,000 | 0.94% | +55% |
| EA* | ELECTRONIC ARTS INC | $148.6M | 728,687 | 0.89% | +83% |
| WBD | WARNER BROS DISCOVERY INC | $131.6M | 4,792,054 | 0.79% | +10502% |
| ORCL | ORACLE CORP | $123.9M | 842,463 | 0.75% | +3935% |
| DLTR | DOLLAR TREE INC | $123.6M | 1,129,000 | 0.74% | +14% |
Trimmed (255)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| VRT | VERTIV HOLDINGS CO | $1.8M | 7,142 | 0.01% | -99% |
| GOOG | ALPHABET INC | $550,198 | 1,918 | 0.00% | -99% |
| NBIS | NEBIUS GROUP N.V. | $238,648 | 2,300 | 0.00% | -99% |
| BAC | BANK AMERICA CORP | $523,624 | 10,741 | 0.00% | -99% |
| BMNR | BITMINE IMMERSION TECNOLOGIE | $1.2M | 59,870 | 0.01% | -97% |
| TRV | TRAVELERS COMPANIES INC | $210,010 | 720 | 0.00% | -97% |
| CDNS | CADENCE DESIGN SYSTEM INC | $2.0M | 7,160 | 0.01% | -97% |
| BP | BP PLC | $7.1M | 151,938 | 0.04% | -97% |
| PTGX | PROTAGONIST THERAPEUTICS INC | $396,304 | 3,760 | 0.00% | -97% |
| COST | COSTCO WHOLESALE CORPORATION | $7.2M | 7,255 | 0.04% | -96% |
| STEP | STEPSTONE GROUP INC | $323,542 | 6,780 | 0.00% | -96% |
| HO1 | HOLOGIC INC | $1.7M | 22,640 | 0.01% | -95% |
| HONGBP | HONEYWELL INTL INC | $6.8M | 30,002 | 0.04% | -95% |
| ROKU | ROKU INC | $1.5M | 15,595 | 0.01% | -95% |
| WMT | WALMART INC | $7.2M | 57,806 | 0.04% | -95% |
The book
Largest 150 of 1,261 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATION | $910.1M | 5,218,294 | 5.47% | — |
| TSLA | TESLA INC | $705.4M | 1,897,615 | 4.24% | — |
| AMZN | AMAZON COM INC | $614.7M | 2,951,397 | 3.70% | — |
| AAPL | APPLE INC | $517.6M | 2,039,515 | 3.11% | — |
| ECHO 3.875 11/30/30 | ECHOSTAR CORP | $469.9M | 131,204,072 | 2.83% | — |
| FLG | FLAGSTAR BANK NATIONAL ASSOC | $456.9M | 34,689,439 | 2.75% | — |
| NFLX | NETFLIX INC. | $440.4M | 4,580,819 | 2.65% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $396.2M | 2,708,219 | 2.38% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $366.7M | 765,266 | 2.20% | — |
| AMD | ADVANCED MICRO DEVICES INC | $330.1M | 1,622,810 | 1.98% | — |
| PCG 4.25 12/01/27 | PG&E CORP | $274.5M | 263,895,000 | 1.65% | — |
| BABA 0.5 06/01/31 | ALIBABA GROUP HLDG LTD | $270.2M | 194,500,000 | 1.62% | — |
| MSFT | MICROSOFT CORP | $270.0M | 729,385 | 1.62% | — |
| RIG 4.625 09/30/29 * | TRANSOCEAN INC | $265.9M | 131,243,000 | 1.60% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $242.2M | 716,699 | 1.46% | — |
| UNH | UNITEDHEALTH GROUP INC | $189.4M | 700,000 | 1.14% | — |
| MU | MICRON TECHNOLOGY INC | $168.9M | 500,070 | 1.02% | — |
| SPY | STATE STR SPDR S&P 500 ETF T | $164.9M | 253,545 | 0.99% | — |
| BAC 0.6 05/25/27 MTN | BOFA FIN LLC | $156.3M | 130,308,000 | 0.94% | — |
| AVGO | BROADCOM INC | $154.8M | 500,002 | 0.93% | — |
| EA* | ELECTRONIC ARTS INC | $148.6M | 728,687 | 0.89% | — |
| UNIT 7.5 12/01/27 | UNITI GROUP LLC | $136.4M | 117,120,000 | 0.82% | — |
| WBD | WARNER BROS DISCOVERY INC | $131.6M | 4,792,054 | 0.79% | — |
| ORCL | ORACLE CORP | $123.9M | 842,463 | 0.75% | — |
| DLTR | DOLLAR TREE INC | $123.6M | 1,129,000 | 0.74% | — |
| NSC | NORFOLK SOUTHN CORP | $118.4M | 412,553 | 0.71% | — |
| PEN | PENUMBRA INC | $114.6M | 349,038 | 0.69% | — |
| SHOP | SHOPIFY INC | $112.7M | 950,000 | 0.68% | — |
| DIS | DISNEY WALT CO | $106.0M | 1,100,000 | 0.64% | — |
| ADBE | ADOBE INC | $104.2M | 428,500 | 0.63% | — |
| ANET | ARISTA NETWORKS INC | $96.6M | 786,500 | 0.58% | — |
| GOOGL | ALPHABET INC | $89.9M | 312,673 | 0.54% | — |
| ITGR | INTEGER HLDGS CORP | $88.0M | 1,000,000 | 0.53% | — |
| INTC | INTEL CORP | $84.8M | 1,920,776 | 0.51% | — |
| IWM | ISHARES TR | $84.5M | 340,800 | 0.51% | — |
| WBS | WEBSTER FINL CORP | $83.3M | 1,199,249 | 0.50% | — |
| VISN | VISTANCE NETWORKS INC | $78.0M | 4,283,779 | 0.47% | — |
| BTU | PEABODY ENGR CORP | $73.8M | 2,238,356 | 0.44% | — |
| CAR | AVIS BUDGET GROUP INC | $72.9M | 500,000 | 0.44% | — |
| IBIT | ISHARES BITCOIN TRUST ETF | $72.2M | 1,878,262 | 0.43% | — |
| KVUE | KENVUE INC | $70.4M | 4,085,000 | 0.42% | — |
| C | CITIGROUP INC | $63.9M | 563,191 | 0.38% | — |
| LLY | ELI LILLY & CO | $61.6M | 67,004 | 0.37% | — |
| NEOG | NEOGEN CORP | $60.4M | 6,500,180 | 0.36% | — |
| ETR | ENTERGY CORP NEW | $59.4M | 528,566 | 0.36% | — |
| MASI* | MASIMO CORP | $58.8M | 330,679 | 0.35% | — |
| JPM | JPMORGAN CHASE & CO | $58.2M | 197,776 | 0.35% | — |
| AHR | AMERICAN HEALTHCARE REIT INC | $56.4M | 1,195,613 | 0.34% | — |
| SRE | SEMPRA | $55.6M | 571,846 | 0.33% | — |
| CVX | CHEVRON CORPORATION | $55.4M | 267,726 | 0.33% | — |
| BMRN | BIOMARIN PHARMACEUTICAL INC | $55.1M | 974,776 | 0.33% | — |
| FE | FIRSTENERGY CORP | $53.5M | 1,056,137 | 0.32% | — |
| WFC | WELLS FARGO & CO | $52.3M | 657,190 | 0.31% | — |
| NBIX | NEUROCRINE BIOSCIENCES INC | $52.1M | 395,850 | 0.31% | — |
| RTX | RTX CORPORATION | $51.8M | 268,555 | 0.31% | — |
| POWI | POWER INTEGRATIONS INC | $51.2M | 1,000,000 | 0.31% | — |
| HA7 | ENVIRI CORP | $49.1M | 2,500,300 | 0.29% | — |
| VAL | VALARIS LTD | $49.0M | 499,604 | 0.29% | — |
| APLSUSD | APELLIS PHARMACEUTICALS INC | $47.9M | 1,190,416 | 0.29% | — |
| COF | CAPITAL ONE FINL CORP | $47.6M | 260,790 | 0.29% | — |
| NNN | NNN REIT INC | $46.7M | 1,110,398 | 0.28% | — |
| WELL | WELLTOWER INC | $46.5M | 235,296 | 0.28% | — |
| EXMOC | EXXON MOBIL CORP | $46.4M | 273,259 | 0.28% | — |
| TXNM | TXNM ENERGY INC | $46.3M | 792,110 | 0.28% | — |
| ISRG | INTUITIVE SURGICAL INC | $46.1M | 100,000 | 0.28% | — |
| AZO | AUTOZONE INC | $45.6M | 13,500 | 0.27% | — |
| PPL | PPL CORP | $44.0M | 1,150,941 | 0.26% | — |
| BE | BLOOM ENERGY CORP | $43.5M | 321,266 | 0.26% | — |
| BAC 7.25 PERP L | BANK AMERICA CORP | $43.1M | 36,192 | 0.26% | — |
| EW | EDWARDS LIFESCIENCES CORP | $42.6M | 532,100 | 0.26% | — |
| NTST | NETSTREIT CORP | $42.3M | 2,245,391 | 0.25% | — |
| MSTR 0.625 09/15/28 | STRATEGY INC | $42.1M | 38,192,000 | 0.25% | — |
| CMG | CHIPOTLE MEXICAN GRILL INC | $41.9M | 1,309,100 | 0.25% | — |
| NWE | NORTHWESTERN ENERGY GROUP IN | $41.2M | 625,009 | 0.25% | — |
| AEE | AMEREN CORP | $41.1M | 373,516 | 0.25% | — |
| MNST | MONSTER BEVERAGE CORP NEW | $40.7M | 562,000 | 0.24% | — |
| LPLA | LPL FINL HLDGS INC | $40.7M | 135,324 | 0.24% | — |
| JNJ | JOHNSON & JOHNSON | $40.2M | 164,590 | 0.24% | — |
| FSLR | FIRST SOLAR INC | $39.5M | 200,000 | 0.24% | — |
| KLAC | KLA CORP | $39.2M | 26,600 | 0.24% | — |
| CSCO | CISCO SYS INC | $39.1M | 503,800 | 0.24% | — |
| AEP | AMERICAN ELEC PWR CO INC | $38.8M | 295,782 | 0.23% | — |
| ABNB | AIRBNB INC | $38.8M | 307,000 | 0.23% | — |
| XEL | XCEL ENERGY INC | $37.5M | 471,633 | 0.23% | — |
| BIIB | BIOGEN INC | $36.9M | 201,367 | 0.22% | — |
| EGP | EASTGROUP PPTYS INC | $36.6M | 197,582 | 0.22% | — |
| LNT | ALLIANT ENERGY CORP | $36.5M | 509,002 | 0.22% | — |
| UAL | UNITED AIRLS HLDGS INC | $36.5M | 396,459 | 0.22% | — |
| TXN | TEXAS INSTRS INC | $34.7M | 178,990 | 0.21% | — |
| TDS | TELEPHONE & DATA SYS INC | $34.5M | 818,700 | 0.21% | — |
| PECO | PHILLIPS EDISON & CO INC | $34.1M | 910,029 | 0.20% | — |
| KIM | KIMCO REALTY CORP | $33.4M | 1,487,096 | 0.20% | — |
| FXI | ISHARES TR | $31.3M | 872,000 | 0.19% | — |
| AKR | ACADIA RLTY TR | $30.6M | 1,601,369 | 0.18% | — |
| COIN | COINBASE GLOBAL INC | $30.6M | 175,000 | 0.18% | — |
| BSX | BOSTON SCIENTIFIC CORP | $30.4M | 484,000 | 0.18% | — |
| META | META PLATFORMS INC | $30.2M | 52,761 | 0.18% | — |
| MS | MORGAN STANLEY | $28.7M | 174,482 | 0.17% | — |
| JCI | JOHNSON CONTROLS INTERNATION | $28.6M | 218,704 | 0.17% | — |
| MSTR | STRATEGY INC | $28.6M | 229,332 | 0.17% | — |
| COHR | COHERENT CORP | $28.6M | 120,000 | 0.17% | — |
| CUBE | CUBESMART | $28.4M | 774,412 | 0.17% | — |
| MTD | METTLER TOLEDO INTERNATIONAL | $27.7M | 22,000 | 0.17% | — |
| AES | AES CORP | $27.5M | 1,950,000 | 0.17% | — |
| BHC | BAUSCH HEALTH COS INC | $27.0M | 5,000,000 | 0.16% | — |
| UDR | UDR INC | $26.7M | 789,181 | 0.16% | — |
| REGN | REGENERON PHARMACEUTICALS | $24.7M | 32,001 | 0.15% | — |
| DUK | DUKE ENERGY CORP NEW | $24.7M | 188,498 | 0.15% | — |
| BNTX | BIONTECH SE | $24.4M | 275,000 | 0.15% | — |
| PSA | PUBLIC STORAGE OPER CO | $23.8M | 87,775 | 0.14% | — |
| MSCI | MSCI INC | $23.1M | 42,886 | 0.14% | — |
| PODD | INSULET CORP | $23.1M | 110,000 | 0.14% | — |
| IONS | IONIS PHARMACEUTICALS INC | $22.2M | 295,100 | 0.13% | — |
| ARGX | ARGENX SE | $21.9M | 30,000 | 0.13% | — |
| CFG | CITIZENS FINL GROUP INC | $21.3M | 355,364 | 0.13% | — |
| PNC | PNC FINL SVCS GROUP INC | $21.1M | 101,499 | 0.13% | — |
| ICE | INTERCONTINENTAL EXCHANGE IN | $21.0M | 133,443 | 0.13% | — |
| BYD | BOYD GAMING CORP | $20.5M | 248,860 | 0.12% | — |
| NRG | NRG ENERGY INC | $20.4M | 139,595 | 0.12% | — |
| XLF | SELECT SECTOR SPDR TR | $20.3M | 410,770 | 0.12% | — |
| VRTX | VERTEX PHARMACEUTICALS INC | $20.1M | 45,000 | 0.12% | — |
| CHH | CHOICE HOTELS INTL INC | $20.0M | 193,155 | 0.12% | — |
| NEE | NEXTERA ENERGY INC | $19.9M | 214,296 | 0.12% | — |
| MAR | MARRIOTT INTL INC NEW | $19.8M | 60,502 | 0.12% | — |
| YUM | YUM BRANDS INC | $19.7M | 127,004 | 0.12% | — |
| DMII | DRUGS MADE IN AMER ACQ II CO | $19.7M | 1,969,030 | 0.12% | — |
| XLE | SELECT SECTOR SPDR TR | $19.6M | 320,600 | 0.12% | — |
| IRM | IRON MTN INC DEL | $19.5M | 190,884 | 0.12% | — |
| SOFI | SOFI TECHNOLOGIES INC | $19.4M | 1,224,271 | 0.12% | — |
| SUI | SUN CMNTYS INC | $19.4M | 153,818 | 0.12% | — |
| ECHO | ECHOSTAR CORP | $19.3M | 165,154 | 0.12% | — |
| UBER | UBER TECHNOLOGIES INC | $19.2M | 267,562 | 0.12% | — |
| CMI | CUMMINS INC | $19.2M | 35,715 | 0.12% | — |
| FGII | FG IMPERII ACQUISITION CORP | $19.2M | 1,948,264 | 0.12% | — |
| IMCR | IMMUNOCORE HLDGS PLC | $19.1M | 633,174 | 0.11% | — |
| 430 | TERNS PHARMACEUTICALS INC | $19.0M | 360,878 | 0.11% | — |
| SCHW | SCHWAB CHARLES CORP | $18.9M | 201,226 | 0.11% | — |
| SKT | TANGER INC | $18.8M | 552,544 | 0.11% | — |
| FLY | FIREFLY AEROSPACE INC | $18.8M | 659,017 | 0.11% | — |
| CSX | CSX CORP | $18.6M | 452,361 | 0.11% | — |
| IPCX | INFLECTION PT ACQUISITION CO | $18.4M | 1,799,282 | 0.11% | — |
| JANUS HENDERSON GROUP PL | JANUS HENDERSON GROUP PLC | $18.2M | 354,772 | 0.11% | — |
| ED | CONSOLIDATED EDISON INC | $18.1M | 159,953 | 0.11% | — |
| CWAN | CLEARWATER ANALYTICS HLDGS I | $18.0M | 762,870 | 0.11% | — |
| MESH | MESHFLOW ACQUISITION CORP | $17.4M | 1,755,999 | 0.10% | — |
| LNC | LINCOLN NATL CORP IND | $17.3M | 487,155 | 0.10% | — |
| AIG | AMERICAN INTL GROUP INC | $17.3M | 229,567 | 0.10% | — |
| CMS | CMS ENERGY CORP | $17.2M | 221,496 | 0.10% | — |
| JBHT | HUNT J B TRANS SVCS INC | $17.0M | 80,197 | 0.10% | — |
| EVRG | EVERGY INC | $17.0M | 206,949 | 0.10% | — |
This table is the 150 largest positions by value, out of 1,261 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
This manager also disclosed 117 options positions with a combined notional of $12.3B. Notional is not ownership, so it is excluded from the book value above rather than folded in to make the fund look bigger.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by Hudson Bay Capital Management LP (CIK 1393825, accession 0001393825-26-000041). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
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