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Hudson Bay Capital Management

SEC-registered adviser since 2012Stamford, CTCRD 155910

$40.7B
AUM
7
Clients
See fees
Fee
153
Advisory staff

From Form ADV filed 31 August 2026 · data retrieved 15 October 2026SEC record

Hudson Bay Capital Management is an investment adviser headquartered in Stamford, Connecticut, and registered with the SEC since 2012. Its clients include pooled investment vehicles.

Its services include portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management and performance-based fees. Gerber Ventures LLC owns 25% to 50% of Hudson Bay Capital Management, and Sander Gerber is its CEO.

Clients

Hudson Bay Capital Management serves 7 clients. The average client has about $5.82 billion with the firm.

Regulatory assets by client type
  • Pooled investment vehicles7 clients100%
Show client breakdown
Pooled investment vehicles
Clients
7
Regulatory AUM
$40,711,649,427
Share
100.0%
Avg. per client
$5.82B

Total

Clients
7
Regulatory AUM
$40,711,649,427
Share
100%
Avg. per client
$5.82B

What it does

Hudson Bay Capital Management provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.

Hudson Bay Capital Management advises 11 private funds.

100.0% of assets ($40.71B across 7 accounts) are managed with discretion. 43% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

Hudson Bay Capital Management has custody of client assets.

Managed account assets by custodian
  • All other custodians$40.71B100%

Ownership and leadership

Gerber Ventures LLC owns 25% to 50% of Hudson Bay Capital Management, and Sander Gerber is its CEO.

Who owns the firm
Hudson Bay Capital Management LP· the adviser

  • Gerber Ventures LLC

    Control person · since May 2020

    Owns 25% to 50% of Hudson Bay Capital Management LP

  • Yrhbcm LLC

    Control person · since January 2021

    Owns 10% to 25% of Hudson Bay Capital Management LP

  • Thealeka LLC

    Control person · since January 2021

    Owns 10% to 25% of Hudson Bay Capital Management LP

  • Winco Group LLC

    Control person · since January 2021

    Owns 10% to 25% of Hudson Bay Capital Management LP

  • Rahbcm LLC

    Control person · since January 2021

    Owns 10% to 25% of Hudson Bay Capital Management LP

Leadership

  • Sander Gerber
    Chief Executive Officer and Chief Investment Officer
  • Brendan Albee
    Chief Financial Officer
  • Brendan Albee
    Chief Operating Officer
  • Scott Black
    Chief Legal Officer and Chief Compliance Officer
  • George Antonopoulos
    Senior Managing Director and Portfolio Manager
  • Roy Astrachan
    Senior Managing Director and Portfolio Manager
  • Yoav Roth
    Senior Managing Director and Portfolio Manager
  • paul sargen
    Chief Risk Officer
  • Mark Willis
    Treasurer
  • Mark Willis
    General Counsel
  • Charles Winkler
    Senior Partner/Advisor

Staff

  • 418 employees
  • 153 in advisory functions

Reported holdings

Hudson Bay Capital Management’s reported 13F holdings total $36.83B across 1,335 positions, and the ten largest make up 25.8% of it.

$36.83B
Reported 13F value
1,335
Positions
25.8%
In the 10 largest
+27.1%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Tesla Inc.Put3.2%
  2. Amazon Com Inc.Put3.1%
  3. Amazon Com Inc.2.7%
  4. Nvidia CorporationPut2.6%
  5. iShares TR · Russell 2000 ETFPut2.5%
  6. Taiwan Semiconductor Manufac · Sponsored ADSPut2.5%
  7. Taiwan Semiconductor Manufac · Sponsored ADS2.5%
  8. Tesla Inc.2.3%
  9. Advanced Micro Devices Inc.Put2.2%
  10. Nvidia Corporation2.1%

Together, the ten largest are 25.8% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $36.83B is not its $40.71B in regulatory assets and does not represent any individual client's portfolio.

Fees

Hudson Bay Capital Management is paid through a percentage of assets under management and performance-based fees.

Hudson Bay Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Hudson Bay Capital Management has 3 offices, with 4 listed addresses across 4 states.

Listed office addresses by state

Connecticut · 1 listed address

  • 290 Harbor Drive, 3rd Floor, StamfordHQ

Other business names

Hudson Bay Capital Management has reported 1 other business name to the SEC.

  • Anchor Bay

Registration details

Legal name
Hudson Bay Capital Management LP
Headquarters
290 Harbor Drive, 3rd Floor, Stamford, CT 06902
Phone
475-900-9550
Website
www.hudsonbaycapital.com
SEC file
801-73536
Structure
Delaware limited partnership
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Hudson Bay Capital Management have?

Hudson Bay Capital Management has 7 clients and manages $40.7 billion for them, as of August 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 August 2026

What services does Hudson Bay Capital Management offer?

Hudson Bay Capital Management provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Hudson Bay Capital Management have?

Hudson Bay Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 418 employees, and 153 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Hudson Bay Capital Management?

Hudson Bay Capital Management is owned through holding companies by Sander and Tracy Gerber, Yoav Roth, George Antonopoulos, Charles and Darlene Winkler, and Roy Astrachan. Its direct owners are Yrhbcm LLC, Thealeka LLC, Winco Group LLC, Rahbcm LLC and Gerber Ventures LLC, each holding 50% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 31 August 2026

How does Hudson Bay Capital Management get paid?

Hudson Bay Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 31 August 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 155910.
  3. Form 13F-HR, filed 14 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Hudson Bay Capital Management LP and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.