Hudson Bay Capital Management

Hudson Bay Capital Management as of Dec. 31, 2010

Portfolio Holdings for Hudson Bay Capital Management

Hudson Bay Capital Management holds 121 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Cms Energy Corp note 2.875%12/0 6.1 $43M 30M 1.45
Radian Group Inc note 3.000%11/1 5.5 $39M 40M 0.98
Pmi Group Inc note 4.500% 4/1 5.5 $39M 46M 0.84
Alcon Inc option 5.4 $38M 234k 163.00
Mgic Invt Corp Wis note 5.000% 5/0 4.8 $34M 30M 1.16
Berkshire Hathaway (BRK.A) 4.5 $32M 266.00 120451.13
Novartis A G put 4.1 $29M 494k 58.95
Developers Diversified Rlty note 1.750%11/1 3.6 $25M 24M 1.06
Annaly Cap Mgmt Inc note 4.000% 2/1 3.5 $25M 22M 1.16
Wesco Financial Corporation 3.0 $21M 57k 368.41
Genzyme Corporation 2.9 $20M 286k 71.20
Ford Mtr Co Del *w exp 01/01/201 2.6 $18M 2.3M 8.15
Del Monte Foods Company 1.9 $13M 715k 18.80
Bucyrus International 1.7 $12M 134k 89.40
INC Sealy Corp 1.7 $12M 135k 87.25
Powershs Db Us Dollar Index option 1.6 $12M 512k 22.71
Bank Of America Corporation option 1.6 $12M 868k 13.34
Genzyme Corp option 1.6 $11M 160k 71.20
Emergency Medical Services Corporation 1.6 $11M 172k 64.61
Talecris Boitherapeutics put 1.4 $10M 438k 23.30
CommScope 1.4 $10M 323k 31.22
CNA Surety Corporation 1.4 $10M 422k 23.68
Alberto-Culver Company 1.4 $9.8M 264k 37.04
Massey Energy Company 1.3 $9.4M 176k 53.65
Syniverse Holdings 1.3 $9.0M 291k 30.85
Travelers Companies Inc put 1.1 $8.0M 144k 55.70
King Pharmaceuticals 1.1 $7.5M 533k 14.05
J. Crew 1.0 $7.0M 163k 43.14
EMERGENCY MEDICAL SERVICES-A CMN Stk cmn 0.9 $6.5M 100k 64.61
EXCO Resources 0.9 $6.4M 330k 19.42
AirTran Holdings 0.9 $6.3M 856k 7.39
Bank Of America Corporation warrant 0.9 $6.3M 886k 7.14
Spdr S&p 500 Etf Tr option 0.9 $6.3M 50k 125.78
Hartford Finl Svcs Wt Exp 0626 wt 0.8 $6.0M 331k 18.05
Massey Energy Company put 0.8 $5.5M 102k 53.65
Mediacom Communications Corporation 0.8 $5.4M 640k 8.46
Beazer Homes Usa Inc. unit 99/99/99 0.8 $5.3M 226k 23.70
Vector Group Ltd debt 0.7 $5.3M 4.5M 1.17
Hypercom Corporation (HYC) 0.7 $5.1M 614k 8.37
EMERGENCY MEDICAL SERVICES-A CMN Stk cmn 0.7 $5.2M 80k 64.61
Ishares Inc option 0.7 $5.0M 64k 77.39
Bp Plc option 0.7 $4.6M 105k 44.16
Stanley Black & Decker Inc unit 99/99/9999 0.6 $4.3M 40k 108.65
PETRO Petroleo Brasileiro Sa put 0.6 $4.2M 110k 37.84
Jo-Ann Stores 0.6 $4.0M 67k 60.22
Ishares Inc option 0.6 $3.9M 51k 77.40
Omnicare Inc note 3.750%12/1 0.6 $3.9M 3.5M 1.12
Magic Software Enterprises (MGIC) 0.5 $3.6M 594k 6.10
Lincoln National Corp *W EXP 07/10/2019 0.5 $3.6M 181k 19.69
BMP Sunstone (BJGP) 0.5 $3.2M 325k 9.91
Motorola 0.4 $2.9M 317k 9.07
A Power Energy Generat Sys 0.4 $2.9M 523k 5.46
Vornado Rlty L P debt 0.4 $2.8M 2.5M 1.11
Talecris Biotherapeutics Holdings 0.4 $2.6M 114k 23.30
CPI International 0.3 $2.5M 128k 19.35
Ladish 0.3 $2.5M 51k 48.61
HSN 0.3 $2.4M 79k 30.64
Petroleo Brasileiro SA (PBR) 0.3 $2.3M 62k 37.84
Jpmorgan Chase & Co option 0.3 $2.3M 55k 42.41
Allegheny Energy 0.3 $2.2M 93k 24.24
Wells Fargo & Co New option 0.3 $2.3M 74k 30.99
Airgas 0.3 $2.2M 35k 62.46
BioSante Pharmaceuticals 0.3 $2.2M 1.3M 1.64
Bank Of America Corporation option 0.3 $2.1M 160k 13.34
POWERSHS DB US Dollar Index 0.3 $2.1M 93k 22.71
IsoRay 0.3 $1.9M 1.7M 1.13
Holdings Inc Note 5.25 0.3 $1.9M 1.0M 1.91
Verizon Communications (VZ) 0.2 $1.8M 50k 35.77
Verizon Communications Inc option 0.2 $1.8M 50k 35.78
Citigroup Inc option 0.2 $1.7M 368k 4.73
Goldcorp 0.2 $1.5M 33k 46.15
BERKSHIRE HATHAWAYS - CLASS B Common Stock cmn 0.2 $1.5M 18k 80.11
Todd Shipyards Corporation (TOD) 0.2 $1.4M 62k 22.39
Compellent Technologies 0.2 $1.4M 52k 27.60
Sonic Solutions 0.2 $1.3M 90k 15.01
Hecla Mng Co call 0.2 $1.1M 100k 11.26
AUSTRALIA Acquisition-unit unit 99/99/9999 0.1 $983k 100k 9.80
Del Monte Foods Cmn Stock cmn 0.1 $902k 48k 18.79
T-3 Energy Services 0.1 $813k 20k 39.81
Select Sector Spdr Tr option 0.1 $738k 46k 15.94
Us Bancorp Del option 0.1 $676k 25k 26.93
Comerica Inc *w exp 11/14/201 0.1 $640k 39k 16.49
Dionex Corporation 0.1 $602k 5.1k 118.04
Cell Therapeutics 0.1 $595k 1.6M 0.37
Bank Of America Corp w exp 10/201 0.1 $589k 221k 2.67
Zoom Technologies 0.1 $575k 133k 4.31
Travelers Companies Inc call 0.1 $568k 10k 55.69
BioFuel Energy 0.1 $522k 300k 1.74
Bank Of New York Mellon Corp option 0.1 $516k 17k 30.18
Morgan Stanley option 0.1 $519k 19k 27.17
Jpmorgan Chase & Co. w exp 10/201 0.1 $499k 35k 14.44
Longwei Petroleum Investment Hold 0.1 $476k 200k 2.38
Metlife Inc put 0.1 $479k 11k 44.35
Capital One Financial Cor w exp 11/201 0.1 $458k 28k 16.12
Royce Value Trust (RVT) 0.1 $408k 28k 14.54
AMERICAN Express 0.1 $437k 10k 42.84
Citigroup Inc call option 0.1 $321k 68k 4.72
Cytori Therapeutics Inc *w exp 09/13/201 0.1 $385k 108k 3.55
BEACON POWER Corp 0.1 $335k 1.5M 0.22
BlueLinx Holdings 0.0 $266k 73k 3.66
CLEAN ENERGY FUELS CORP P @ 17.0 Jan 11 option 0.0 $271k 20k 13.83
Unum Group Cmn Stk cmn 0.0 $259k 11k 24.21
Goldman Sachs (GS) 0.0 $222k 1.3k 168.05
Nicor 0.0 $235k 4.7k 49.86
Discover Financial At New York cmn 0.0 $213k 12k 18.52
PACWEST Bancorp Del 0.0 $213k 10k 21.30
Frontier Communications 0.0 $117k 12k 9.77
AgFeed Industries 0.0 $120k 41k 2.95
E-future Information Technolog Com Stk 0.0 $109k 20k 5.45
Kandi Technolgies 0.0 $163k 31k 5.28
Fifth Third Bancorp call 0.0 $152k 10k 14.62
Keycorp New put 0.0 $123k 14k 8.79
Miller Pete 0.0 $158k 31k 5.18
Ambac Financial 0.0 $56k 504k 0.11
Regions Financial Corp New call 0.0 $75k 11k 6.94
Pulte Group Inc cmn 0.0 $79k 11k 7.45
Combimatrix Corporation *w exp 05/01/201 0.0 $0 66k 0.00
Oilsands Quest Inc *w exp 05/12/201 0.0 $3.3k 65k 0.05
Valley Natl Bancorp *w exp 11/14/201 0.0 $27k 10k 2.64
AMBAC FINL Group 0.0 $2.0k 20k 0.10
Therapeutics 0.0 $10k 29k 0.35