Hudson Bay Capital Management

Hudson Bay Capital Management as of March 31, 2011

Portfolio Holdings for Hudson Bay Capital Management

Hudson Bay Capital Management holds 158 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf Tr option 17.6 $250M 1.9M 132.59
Cms Energy Corp note 2.875%12/0 4.6 $65M 43M 1.52
Radian Group Inc note 3.000%11/1 3.2 $46M 50M 0.91
Genzyme Corporation 2.9 $41M 532k 76.15
Pmi Group Inc note 4.500% 4/1 2.4 $35M 44M 0.78
Berkshire Hathaway (BRK.A) 2.3 $33M 266.00 125300.75
L-3 Communications Corp debt 3.000% 8/0 2.1 $30M 30M 1.01
Mgic Invt Corp Wis note 5.000% 5/0 2.1 $30M 28M 1.09
Atheros Communications 2.1 $30M 661k 44.65
Wesco Financial Corporation 2.0 $28M 72k 389.20
Emergency Medical Services Corporation 2.0 $28M 444k 63.59
Pride International 1.7 $25M 575k 42.95
Lubrizol Corporation 1.7 $25M 183k 133.96
United Dominion Realty Tr In note 4.000%12/1 1.7 $24M 24M 1.00
Bucyrus International 1.6 $24M 257k 91.45
Genzyme Corp option 1.5 $21M 281k 76.15
Cephalon 1.5 $21M 282k 75.78
Smurfit-stone Container Corp 1.5 $21M 548k 38.65
CNA Surety Corporation 1.4 $19M 763k 25.26
Alberto-Culver Company 1.3 $19M 502k 37.27
Hypercom Corporation (HYC) 1.2 $18M 1.5M 12.03
Hartford Finl Svcs Wt Exp 0626 wt 1.1 $16M 893k 18.34
RC2 Corporation 1.1 $15M 530k 28.10
Rural/Metro Corporation 1.0 $15M 864k 17.04
American Med Sys Hldgs Inc note 3.250% 7/0 1.0 $15M 13M 1.16
Marshall & Ilsley Corporation 1.0 $15M 1.8M 7.99
AirTran Holdings 1.0 $14M 1.9M 7.45
Sterling Bancshares 0.9 $13M 1.5M 8.61
Citigroup Inc call option 0.9 $13M 168k 76.08
Lincoln National Corp *W EXP 07/10/2019 0.9 $13M 588k 21.63
Medicis Pharmaceutical Corp note 2.500% 6/0 0.9 $12M 11M 1.17
Retail Ventures 0.9 $12M 719k 17.25
Valeant Pharmaceuticals Int 0.8 $12M 242k 49.81
EXCO Resources 0.8 $12M 573k 20.66
Beckman Coulter 0.8 $12M 143k 83.07
Ladish 0.8 $12M 212k 54.65
Global Defense Tech Sys 0.8 $12M 479k 24.22
NYSE Euronext 0.8 $11M 324k 35.17
Ventas (VTR) 0.7 $11M 195k 54.30
RehabCare 0.7 $11M 287k 36.87
INC Sealy Corp 0.7 $11M 135k 77.75
Bank Of America Corporation 0.7 $10M 764k 13.33
Beckman Coulter Inc Cmn Stk cmn 0.7 $10M 120k 83.07
GSI Commerce 0.7 $9.7M 330k 29.27
Nyse Euronext option 0.7 $9.7M 276k 35.17
optionsXpress Holdings 0.6 $9.1M 498k 18.31
Qwest Communications International 0.6 $9.2M 1.3M 6.83
drugstore 0.6 $9.0M 2.3M 3.85
SRA International 0.6 $8.8M 310k 28.36
Computer Sciences Corp option 0.6 $8.8M 180k 48.73
America Service (ASGR) 0.6 $8.8M 342k 25.64
International Coal 0.6 $8.2M 729k 11.30
Big Lots (BIGGQ) 0.5 $7.5M 172k 43.43
Dionex Corporation 0.5 $7.3M 62k 118.05
Bank of America Corporation (BAC) 0.5 $7.0M 526k 13.33
Whitney Holding 0.5 $6.9M 507k 13.62
Terremark Worldwide 0.5 $6.7M 350k 19.00
Fronteer Gold 0.5 $6.5M 430k 15.13
Prologis note 3.250% 3/1 0.5 $6.5M 5.5M 1.18
Mgic Inv Corp Cmn Stock cmn 0.4 $6.2M 817k 7.55
Alpha Natural Resources 0.4 $6.0M 101k 59.37
Lincare Hldgs Inc note 2.750%11/0 0.4 $6.0M 5.0M 1.19
Peet's Coffee & Tea, Inc. cmn 0.4 $5.9M 123k 48.09
K-V Pharmaceutical Company 0.4 $5.8M 1.0M 5.76
Vector Group Ltd debt 0.4 $5.3M 4.5M 1.17
Spdr Series Trust option 0.4 $5.1M 100k 50.80
EpiCept Corporation (EPCT) 0.3 $4.9M 6.8M 0.72
Iron Mountain Incorporated 0.3 $4.8M 154k 31.23
Beazer Homes Usa Inc. unit 99/99/99 0.3 $4.7M 226k 20.94
Magic Software Enterprises (MGIC) 0.3 $4.5M 594k 7.55
Powershares Db Cmdty Idx Tra opt 0.3 $4.6M 211k 21.79
Sra Intl 0.3 $4.6M 161k 28.36
BioSante Pharmaceuticals 0.3 $4.4M 2.2M 1.98
INTERNATIONAL COAL GROUP INC Common Stock cmn 0.3 $4.2M 370k 11.30
Verigy 0.3 $4.0M 285k 14.09
Progress Energy 0.3 $3.9M 117k 33.35
Abington Ban 0.3 $3.8M 312k 12.23
Bank Of America Corporation warrant 0.2 $3.6M 470k 7.67
Online Resources Corporation 0.2 $3.4M 889k 3.78
Big Lots Inc Cmn Stk cmn 0.2 $3.3M 76k 43.43
Developers Diversified Rlty note 1.750%11/1 0.2 $3.2M 3.0M 1.06
Microsoft Corporation (MSFT) 0.2 $3.0M 120k 25.38
Baxter International (BAX) 0.2 $3.0M 56k 53.78
EMERGENCY MEDICAL SERVICES-A CMN Stk cmn 0.2 $2.9M 46k 63.58
Nicor 0.2 $2.8M 52k 53.69
Teva Pharmaceutical Inds Ltd option 0.2 $2.5M 50k 50.16
Rambus 0.2 $2.5M 127k 19.75
Novamed Inc Del note 1.000% 6/1 0.2 $2.5M 2.5M 0.99
StemCells 0.2 $2.3M 2.5M 0.91
Bank Of America Corporation option 0.2 $2.3M 176k 13.33
Bj's Wholesale Club 0.1 $2.1M 44k 48.80
Holdings Inc Note 5.25 0.1 $2.0M 1.0M 2.02
Boise Inc *w exp 06/18/201 0.1 $1.8M 1.1M 1.70
Western Digital (WDC) 0.1 $1.7M 45k 37.29
Lawson Software 0.1 $1.7M 140k 12.10
USA Technologies 0.1 $1.7M 738k 2.36
Capital One Financial Cor w exp 11/201 0.1 $1.7M 79k 21.60
Tivo Inc put 0.1 $1.8M 200k 8.75
Edwards Lifesciences Cp Cmn Stock cmn 0.1 $1.7M 20k 87.00
Sterling Bancshares Inc *w exp 12/12/201 0.1 $1.7M 499k 3.47
Hologic (HOLX) 0.1 $1.6M 71k 22.20
American Medical Systems Holdings 0.1 $1.5M 70k 21.64
GameStop (GME) 0.1 $1.6M 70k 22.51
TiVo 0.1 $1.5M 174k 8.75
Genzyme Corp option 0.1 $1.5M 20k 76.11
Pep Boys - Manny, Moe & Jack 0.1 $1.4M 107k 12.71
Massey Energy Company 0.1 $1.5M 22k 68.38
United Therapeutics Corporation (UTHR) 0.1 $1.5M 22k 67.02
United Therapeutics Corp Del Call 0.1 $1.4M 21k 67.00
Align Technology Inc. cmn 0.1 $1.4M 70k 20.47
Conexant Systems 0.1 $1.2M 516k 2.38
Citigroup Inc option 0.1 $1.3M 296k 4.42
Federal-Mogul Corporation 0.1 $1.2M 47k 24.89
Pall Corporation 0.1 $1.2M 20k 57.60
Novell 0.1 $1.2M 200k 5.93
Alpha Natural Resources Inc option 0.1 $1.2M 20k 59.35
Biosante cv 3.125% 0.1 $1.1M 1.5M 0.74
Altair Nanotechnologies 0.1 $1.2M 757k 1.58
Quantum Fuel Systems Technolog 0.1 $1.1M 256k 4.19
IsoRay 0.1 $818k 654k 1.25
Citi 0.1 $903k 204k 4.42
Danvers Ban (DNBK) 0.1 $877k 41k 21.41
Pacific Ethanol 0.1 $867k 1.4M 0.63
CBOE Holdings (CBOE) 0.1 $869k 30k 28.97
Tengion (TNGN) 0.1 $855k 353k 2.42
ResMed (RMD) 0.1 $714k 24k 30.00
Hartford Finl Svcs Group Inc option 0.1 $670k 25k 26.91
Pulse Electronics 0.1 $771k 127k 6.05
Cereplast (CERP) 0.1 $782k 150k 5.21
Catalyst Pharmaceutical Partners (CPRX) 0.1 $775k 692k 1.12
Voyager Oil & Gas 0.1 $715k 163k 4.40
Regeneron Pharmaceuticals (REGN) 0.0 $638k 14k 44.93
Jpmorgan Chase & Co. w exp 10/201 0.0 $606k 36k 16.78
Prana Biotechnology 0.0 $587k 209k 2.81
Cytori Therapeutics Inc *w exp 09/13/201 0.0 $603k 108k 5.57
Gsi Commerce Inc Cmn Stk cmn 0.0 $629k 22k 29.26
American Intl Group 0.0 $577k 52k 11.14
Wts/the Pnc Financial Services Grp wts 0.0 $356k 24k 14.95
Wells Fargo & Co New option 0.0 $415k 13k 31.68
Australia Acquisition Corp 0.0 $362k 38k 9.63
Comerica Inc *w exp 11/14/201 0.0 $386k 31k 12.66
Beacon Power Corporation 0.0 $448k 229k 1.96
Berkshire Hathaway (BRK.B) 0.0 $297k 3.5k 83.69
BioDelivery Sciences International 0.0 $335k 100k 3.35
Select Medical Holdings Corporation (SEM) 0.0 $234k 29k 8.07
Wells Fargo & Co New option 0.0 $320k 10k 31.68
Citigroup Inc call option 0.0 $271k 61k 4.41
Longwei Petroleum Investment Hold 0.0 $348k 200k 1.74
CLEAN ENERGY FUELS CORP P @ 17.0 Jan 11 option 0.0 $321k 20k 16.38
Reed's 0.0 $280k 133k 2.11
Heckmann Corp *w exp 11/09/201 0.0 $92k 97k 0.95
Cell Therapeutics 0.0 $107k 29k 3.72
Kandi Technolgies 0.0 $107k 35k 3.08
Solutia Inc-w/i-cw13 Wt 0.0 $95k 33k 2.88
Iridium Communications Inc cmn 0.0 $95k 12k 7.92
Cornerstone Progressive Rtn 0.0 $106k 14k 7.36
Oilsands Quest Inc *w exp 05/12/201 0.0 $2.0k 65k 0.03
Tcf Finl Corp *w exp 11/14/201 0.0 $58k 11k 5.27