Investment adviser · CRD 155910

HUDSON BAY CAPITAL MANAGEMENT LP

Investment adviser filing (IA)

STAMFORD, CT, United States · Form ADV filed Aug 31, 2026

Regulatory AUM
$40.7B
Form ADV · Item 5.F
Client accounts
7
Accounts, not individual clients
Employees
418
Reported in this filing
Advisory professionals
153
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles7$40,711,649,427100.0%
Filing source

Form ADV 2126698 · Aug 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

20 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

HUDSON BAY MASTER FUND LTD.Hedge Fund · Last reported Aug 31, 2026$38.8BGross asset value

Feeder funds

Fund administrator SS&C GLOBEOP GRAND CAYMAN, Cayman Islands Investor statements: No (provided to no investors) Related to adviser: No
Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS GRAND CAYMAN, Cayman Islands
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian BANK OF AMERICA, N.A. NEW YORK, New York, United States Related to adviser: No
Custodian BARCLAYS BANK PLC NEW YORK, New York, United States Related to adviser: No
Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No
Custodian BNP PARIBAS NEW YORK, New York, United States Related to adviser: No
Custodian BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States Related to adviser: No
Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Custodian CANTOR FITZGERALD & CO. NEW YORK, New York, United States Related to adviser: No
Custodian CF SECURED, LLC NEW YORK, New York, United States Related to adviser: No
Custodian CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No
Custodian COINBASE CUSTODY TRUST COMPANY LLC NEW YORK, New York, United States Related to adviser: No
Custodian EMKAP LTD. LIMASSOL, Cyprus Related to adviser: No
Custodian FIDELITY DIGITAL ASSETS, NATIONAL ASSOCIATION NEW YORK, New York, United States Related to adviser: No
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian INTERACTIVE BROKERS LLC NEW YORK, New York, United States Related to adviser: No
Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States Related to adviser: No
Custodian NYDIG TRUST COMPANY LLC NEW YORK, New York, United States Related to adviser: No
Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No
Custodian TD SECURITIES INC. TORONTO, Canada Related to adviser: No
Custodian TD SECURITIES (USA) LLC NEW YORK, New York, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Custodian UBS AG NEW YORK, New York, United States Related to adviser: No
Custodian UBS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Marketer DEUTSCHE BANK NATIONAL TRUST COMPANY NEW YORK, New York, United States Related to adviser: No
Marketer DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States Related to adviser: No
Marketer DEUTSCHE BANK TRUST COMPANY, AMERICAS NEW YORK, New York, United States Related to adviser: No
Marketer DEUTSCHE BANK TRUST COMPANY, N.A. NEW YORK, New York, United States Related to adviser: No
Marketer INSIGNEO SECURITIES, LLC MIAMI, Florida, United States Related to adviser: No
Marketer JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No
Marketer MORGAN STANLEY SMITH BARNEY LLC NEW YORK, New York, United States Related to adviser: No
Marketer RAYMOND JAMES & ASSOCIATES, INC. ST. PETERSBURG, Florida, United States Related to adviser: No
Marketer RAYMOND JAMES FINANCIAL SERVICES, INC. ST. PETERSBURG, Florida, United States Related to adviser: No
Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States
Prime broker BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States
Prime broker BOFA SECURITIES, INC. NEW YORK, New York, United States
Prime broker CANTOR FITZGERALD & CO. NEW YORK, New York, United States
Prime broker CF SECURED, LLC NEW YORK, New York, United States
Prime broker CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States
Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States
Prime broker INTERACTIVE BROKERS LLC NEW YORK, New York, United States
Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States
Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States
Prime broker NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States
Prime broker STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States
Prime broker TD SECURITIES INC. TORONTO, Canada
Prime broker TD SECURITIES (USA) LLC NEW YORK, New York, United States
Prime broker UBS SECURITIES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

PRICEWATERHOUSECOOPERS
PCAOB 1266

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

BANK OF AMERICA, N.A.
LEI LEI ID 9DJT3UXIJIZJI

BNP PARIBAS SECURITIES CORP.
SEC 8-32682

BOFA SECURITIES, INC.
SEC 8-69787

CANTOR FITZGERALD & CO.
SEC 8-201

CF SECURED, LLC
SEC 8-69863

CITIGROUP GLOBAL MARKETS INC.
SEC 8-8177 · LEI MBNUM2BPBDO7JBLYG310

FIDELITY DIGITAL ASSETS, NATIONAL ASSOCIATION
LEI 254900E10J5DGY52EI97

GOLDMAN SACHS & CO. LLC
SEC 8-129

INTERACTIVE BROKERS LLC
SEC 8-47257

J.P. MORGAN SECURITIES LLC
SEC 8-35008

MORGAN STANLEY & CO. LLC
SEC 8-15869 · LEI 9R7GPTSO7KV3UQJZQ078

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740 · LEI 549300JRHF1MHHWUAW04

STATE STREET BANK AND TRUST COMPANY
LEI 571474TGEMMWANRLN572

TD SECURITIES INC.
LEI 5493006RJSLS5DA4PD75

TD SECURITIES (USA) LLC
SEC 8-36747

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

UBS SECURITIES LLC
SEC 8-22651 · LEI T6FIZBDPKLYJKFCRVK44

DEUTSCHE BANK SECURITIES INC.
CRD 2525 · SEC 801-9638

INSIGNEO SECURITIES, LLC
CRD 29249 · SEC 8-44166

JEFFERIES LLC
CRD 2347 · SEC 8-15074

RAYMOND JAMES & ASSOCIATES, INC.
CRD 705 · SEC 801-10418

RAYMOND JAMES FINANCIAL SERVICES, INC.
CRD 6694 · SEC 8-17983

BNP PARIBAS SECURITIES CORP.
CRD 15794 · SEC 8-32682

BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787

CANTOR FITZGERALD & CO.
CRD 134 · SEC 8-201

CF SECURED, LLC
CRD 285841 · SEC 8-69863

CITIGROUP GLOBAL MARKETS INC.
CRD 7059 · SEC 8-8177

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

NATIONAL FINANCIAL SERVICES LLC
CRD 13041 · SEC 8-26740

TD SECURITIES (USA) LLC
CRD 18476 · SEC 8-36747

UBS SECURITIES LLC
CRD 7654 · SEC 8-22651

Fund details & source
Fund ID
805-8983753056
Reported beneficial owners
3,176
Minimum commitment
$5M
Form D file number
021-148763
Form D file number
021-310041
Form D file number
021-86428

Form ADV 2126698 · Aug 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HUDSON BAY CAPITAL STRUCTURE OPPORTUNITIES MASTER FUND LTD.Hedge Fund · Last reported Aug 31, 2026$1.24BGross asset value

Feeder funds

Fund administrator SS&C GLOBEOP GRAND CAYMAN, Cayman Islands Investor statements: No (provided to no investors) Related to adviser: No
Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian BANK OF AMERICA, N.A. NEW YORK, New York, United States Related to adviser: No
Custodian BARCLAYS BANK PLC NEW YORK, New York, United States Related to adviser: No
Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No
Custodian BNP PARIBAS NEW YORK, New York, United States Related to adviser: No
Custodian BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States Related to adviser: No
Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian MERRILL LYNCH INTERNATIONAL LONDON, United Kingdom Related to adviser: No
Custodian NATIONAL FINANCIAL SERVICES LLC NEW YORK, New York, United States Related to adviser: No
Custodian STATE STREET BANK AND TRUST CO. BOSTON, Massachusetts, United States Related to adviser: No
Custodian UBS AG NEW YORK, New York, United States Related to adviser: No
Custodian UBS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States
Prime broker BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States
Prime broker BOFA SECURITIES, INC. NEW YORK, New York, United States
Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States
Prime broker MERRILL LYNCH INTERNATIONAL LONDON, United Kingdom
Prime broker NATIONAL FINANCIAL SERVICES LLC NEW YORK, New York, United States
Prime broker STATE STREET BANK AND TRUST CO. BOSTON, Massachusetts, United States
Prime broker UBS SECURITIES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

BANK OF AMERICA, N.A.
LEI LEI ID 9DJT3UXIJIZJI

BARCLAYS CAPITAL INC.
SEC 8-41342

BNP PARIBAS SECURITIES CORP.
SEC 8-32682

BOFA SECURITIES, INC.
SEC 8-69787

GOLDMAN SACHS & CO. LLC
SEC 8-129

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

STATE STREET BANK AND TRUST CO.
LEI 571474GEMMWANRLN572

UBS SECURITIES LLC
SEC 8-22651 · LEI T6FIZBDPKLYJKFCRVK44

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

BNP PARIBAS SECURITIES CORP.
CRD 15794 · SEC 8-32682

BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

NATIONAL FINANCIAL SERVICES LLC
CRD 13041 · SEC 8-26740

UBS SECURITIES LLC
CRD 7654 · SEC 8-22651

Fund details & source
Fund ID
805-1052317961
Reported beneficial owners
22
Minimum commitment
$5M
Form D file number
021-290943

Form ADV 2126698 · Aug 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HBC REAL ESTATE FUND II LLCHedge Fund · Last reported Aug 31, 2026$758MGross asset value

Feeder funds

  • HUDSON BAY REAL ESTATE OPPORTUNITIES FUND LP
Fund administrator REIT INVESTMENT GROUP NASHVILLE, Tennessee, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Fund administrator SS&C GLOBEOP GRAND CAYMAN, Cayman Islands Investor statements: No (provided to no investors) Related to adviser: No
Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS GRAND CAYMAN, Cayman Islands
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian BANK OF AMERICA, N.A. NEW YORK, New York, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Custodian U.S. BANK NATIONAL ASSOCIATION ST. PAUL, Minnesota, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS
PCAOB 1266

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

BANK OF AMERICA, N.A.
LEI LEI ID 9DJT3UXIJIZJI

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source
Fund ID
805-8479242478
Reported beneficial owners
54
Minimum commitment
$5M

Form ADV 2126698 · Aug 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HBC FINANCING PARTNERS FUND LPHedge Fund · Last reported Aug 31, 2026$447MGross asset value

Form D fundraising filings

HBC Financing Partners Fund LP

Fund administrator SS&C FINANCIAL SERVICES LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian BANK OF AMERICA, N.A. NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

BANK OF AMERICA, N.A.
LEI LEI ID 9DJT3UXIJIZJI

Fund details & source
Fund ID
805-9226372445
Reported beneficial owners
32
Minimum commitment
$50M
Form D file number
021-582634

Form ADV 2126698 · Aug 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HUDSON BAY SPECIAL OPPORTUNITIES MASTER FUND C LPHedge Fund · Last reported Aug 31, 2026$116MGross asset value

Feeder funds

Fund administrator SS&C GLOBEOP GRAND CAYMAN, Cayman Islands Investor statements: No (provided to no investors) Related to adviser: No
Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian BANK OF AMERICA, N.A. NEW YORK, New York, United States Related to adviser: No
Custodian BARCLAYS BANK PLC, NEW YORK NEW YORK, New York, United States Related to adviser: No
Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No
Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Custodian NATIONAL FINANCIAL SERVICES LLC NEW YORK, New York, United States Related to adviser: No
Custodian STATE STREET BANK AND TRUST CO. BOSTON, Massachusetts, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States
Prime broker BOFA SECURITIES, INC. NEW YORK, New York, United States
Prime broker NATIONAL FINANCIAL SERVICES LLC NEW YORK, New York, United States
Provider details
Annual audit
No
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

BANK OF AMERICA, N.A.
LEI LEI ID 9DJT3UXIJIZJI

BARCLAYS CAPITAL INC.
SEC 8-41342

BOFA SECURITIES, INC.
SEC 8-69787

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787

NATIONAL FINANCIAL SERVICES LLC
CRD 13041 · SEC 8-26740

Fund details & source
Fund ID
805-8127453610
Reported beneficial owners
105
Minimum commitment
$10M
Form D file number
021-493488
Form D file number
021-493489
Form D file number
021-493490

Form ADV 2126698 · Aug 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HBC REAL ESTATE FUND LLCHedge Fund · Last reported Aug 31, 2026$91.4MGross asset value

Feeder funds

  • HB FUND LLC
  • HUDSON BAY MASTER FUND LTD.
Fund administrator REIT INVESTMENT GROUP NASHVILLE, Tennessee, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Fund administrator SS&C GLOBEOP GRAND CAYMAN, Cayman Islands Investor statements: No (provided to no investors) Related to adviser: No
Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS GRAND CAYMAN, Cayman Islands
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian BANK OF AMERICA, N.A. NEW YORK, New York, United States Related to adviser: No
Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS
PCAOB 1266

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

BANK OF AMERICA, N.A.
LEI LEI ID 9DJT3UXIJIZJI

STATE STREET BANK AND TRUST COMPANY
LEI 571474TGEMMWANRLN57

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK4

Fund details & source
Fund ID
805-4949906414
Reported beneficial owners
127
Minimum commitment
$1K

Form ADV 2126698 · Aug 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HUDSON BAY SPECIAL OPPORTUNITIES MASTER FUND D LPHedge Fund · Last reported Aug 31, 2026$87MGross asset value

Feeder funds

Fund administrator SS&C GLOBEOP GRAND CAYMAN, Cayman Islands Investor statements: No (provided to no investors) Related to adviser: No
Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian BANK OF AMERICA, N.A. NEW YORK, New York, United States Related to adviser: No
Custodian BARCLAYS BANK PLC NEW YORK, New York, United States Related to adviser: No
Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No
Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Custodian NATIONAL FINANCIAL SERVICES LLC NEW YORK, New York, United States Related to adviser: No
Custodian STATE STREET BANK AND TRUST CO. BOSTON, Massachusetts, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States
Prime broker BOFA SECURITIES, INC. NEW YORK, New York, United States
Prime broker NATIONAL FINANCIAL SERVICES LLC NEW YORK, New York, United States
Provider details
Annual audit
No
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

BANK OF AMERICA, N.A.
LEI LEI ID 9DJT3UXIJIZJI

BARCLAYS CAPITAL INC.
SEC 8-41342

BOFA SECURITIES, INC.
SEC 8-69787

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787

NATIONAL FINANCIAL SERVICES LLC
CRD 13041 · SEC 8-26740

Fund details & source
Fund ID
805-2793689013
Reported beneficial owners
105
Minimum commitment
$10M
Form D file number
021-493488
Form D file number
021-493489
Form D file number
021-493490

Form ADV 2126698 · Aug 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Aug 31, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

290 HARBOR DRIVE, 3RD FLOOR
STAMFORD, CT, 06902, United States

CRD 155910

Filing source

Form ADV 2126698 · Aug 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.