# Hudson Bay Capital Management: portfolio, investments and team

> Hudson Bay Capital Management is an asset manager based in United States. 10 investments on record, latest Jun 2014. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/hudson-bay-capital-management (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Hudson Bay Capital Management

Last cheque observed Jun 2014. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Asset manager

Venture Growth Series B EdTech Education Impact Investing

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 10 on record

Since the last cheque **4511** days **00** hrs **00** min **00** sec

Median round **$4.6M** Rounds led **0 of 10** Sole investor **1 rounds** Exits **3 from the portfolio** Mostly in **United States, 60%**

Pitch Hudson Bay Capital Management

## Hudson Bay Capital Management highlights

- 01 10 rounds on record
- 02 Mostly Venture and Growth: 90% of its rounds
- 03 Sole investor in 1 rounds, median $4.5M
- 04 3 exits from the portfolio

## What they do

- **Type:** Asset manager (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** EdTech Education Impact Investing
- **Based in:** Stamford, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **10 appearances**

- **2014** 1 round
- **Jun** **[Rant, Inc.](https://millionrounds.com/company/rant-inc)** Venture · US **$4.0M** With 5 others
- **2013** 3 rounds
- **Nov** **[Rant Sports](https://millionrounds.com/company/rant-sports)** Venture · US · forbes.com **$3.0M** With 2 others
- **Nov** **[Rant, Inc.](https://millionrounds.com/company/rant-inc)** Series B · US · sec.gov **$3.0M** With 2 others
- **Jul** **[Novogen](https://millionrounds.com/company/novogen)** Growth · AU · blogs.wsj.com **$4.5M** Sole investor
- **2010** 4 rounds
- **Sept** **[Oncothyreon](https://millionrounds.com/company/oncothyreon)** Growth · US · ir.oncothyreon.com **$15M** With 10 others
- **Mar** **[Senesco Technologies](https://millionrounds.com/company/senesco-technologies)** Venture · US · senesco.com **$12M** With 13 others
- **Mar** **[Biomoda](https://millionrounds.com/company/biomoda)** Venture · US **$1.0M** With 2 others
- **Feb** **[SinoHub](https://millionrounds.com/company/sinohub)** Venture · CN **$4.6M** With 9 others
- **2007** 1 round
- **Jun** **[EUSA Pharma](https://millionrounds.com/company/eusa-pharma)** Venture · GB **$9.1M** With 6 others
- **2006** 1 round
- **Nov** **[EUSA Pharma](https://millionrounds.com/company/eusa-pharma)** Venture · GB **$19M** With 15 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **10 named**

BD **Brendan Dermott Albee** Chief Operating Officer i Form ADV

CH **Charles Howard Winkler** Senior Partner/Advisor i Form ADV

EJ **Edward Jin Han** Chief Financial Officer i Form ADV

GA **George Antonopoulos** Senior Managing Director and Portfolio Manager i Form ADV

ML **Mark Lawrence Willis** General Counsel i Form ADV

PM **Paul Michael Sargen** Chief Risk Officer i Form ADV

RA **Roy Astrachan** Senior Managing Director and Portfolio Manager i Form ADV

SR **Sander Ross Gerber** Chief Executive Officer and Chief Investment Officer i Form ADV

SL **Scott Lawrence Black** Chief Legal Officer and Chief Compliance Officer i Form ADV

YR **Yoav Roth** Senior Managing Director and Portfolio Manager i Form ADV

We also hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$41B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Hudson BAY Capital Management LP
- **SEC number:** CRD 155910

Funds on its Form ADV

**8** private funds, **$34B** in gross assets · filed Dec 2024

- Hudson Bay Master Fund LTD. *Hedge* 3,164 investors $30B
- Hudson Bay Capital Structure Opportunities Master Fund LTD. *Hedge* 23 investors $885M
- HB Special Opportunities AIV I L.P. *Hedge* 75 investors $690M
- Hudson Bay Special Opportunities Master Fund A L.P. *Hedge* 76 investors $690M
- Hudson Bay Special Opportunities Master Fund B L.P. *Hedge* 76 investors $690M
- Hudson Bay Special Opportunities Master Fund C L.P. *Hedge* 76 investors $690M
- Hudson Bay Special Opportunities Master Fund D L.P. *Hedge* 76 investors $690M
- Hudson Bay SPAC Master Fund L.P. *Hedge* 19 investors $1.4M

## Exits from the portfolio

Companies it backed that were later bought or listed **3 in all**

**[Oncothyreon](https://millionrounds.com/company/oncothyreon)** Listed **$10M** May 2013

**[EUSA Pharma](https://millionrounds.com/company/eusa-pharma)** Bought by [Jazz Pharmaceuticals](https://millionrounds.com/fund/jazz-pharmaceuticals) **$650M** Apr 2012

**[EUSA Pharma](https://millionrounds.com/company/eusa-pharma)** Bought by EUSA Pharma **$23M** Mar 2008

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Venture Growth Series B

Median round joined **$4.6M** the round, not its cheque Alone, median **$4.5M**

Led 0 of 10 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Jun 2014
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Venture *7*
- Growth *2*
- Series B *1*

Cheques by year Led Joined

2006 2014

Often in the room with

- [Heights Capital Management](https://millionrounds.com/fund/heights-capital-management) 5
- [Iroquois Capital](https://millionrounds.com/fund/iroquois-capital) 5
- [Barry Honig](https://millionrounds.com/fund/barry-honig) 3
- [Ramius](https://millionrounds.com/fund/ramius) 3
- [Chestnut Ridge Capital](https://millionrounds.com/fund/chestnut-ridge-capital) 2
- [Downsview Capital](https://millionrounds.com/fund/downsview-capital) 2

**Pitching Hudson Bay Capital Management?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as Hudson Bay Capital Management. A count of rooms they were both in, not a relationship either has claimed.

[**Heights Capital Management** Investment firm **5** rounds together](https://millionrounds.com/fund/heights-capital-management)[**Iroquois Capital** Hedge fund **5** rounds together](https://millionrounds.com/fund/iroquois-capital)[**Barry Honig** Angel **3** rounds together](https://millionrounds.com/fund/barry-honig)[**Ramius** Hedge fund **3** rounds together](https://millionrounds.com/fund/ramius)[**Chestnut Ridge Capital** Investment firm **2** rounds together](https://millionrounds.com/fund/chestnut-ridge-capital)[**Downsview Capital** VC firm **2** rounds together](https://millionrounds.com/fund/downsview-capital)[**Fort Mason Capital** Investment firm **2** rounds together](https://millionrounds.com/fund/fort-mason-capital)[**Michael Brauser** Angel **2** rounds together](https://millionrounds.com/fund/michael-brauser)[**OrbiMed** Private equity **2** rounds together](https://millionrounds.com/fund/orbimed)

## Quick answers about Hudson Bay Capital Management

### What does Hudson Bay Capital Management invest in?

Hudson Bay Capital Management invests most often at Venture and Growth (90% of the rounds on record), in sectors such as EdTech, Education and Impact Investing.

### How active is Hudson Bay Capital Management?

10 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2014.

### How big are Hudson Bay Capital Management's cheques?

The median round it joins is $4.6M.

### Does Hudson Bay Capital Management lead rounds?

Rarely, if at all: none of its 10 investments on record names it as the lead.

### Where does Hudson Bay Capital Management invest?

Most of the companies it backs are in the United States (60%), the United Kingdom (20%) and Australia (10%).

### Is Hudson Bay Capital Management investing now?

No investments in the last 12 months; the latest was in Jun 2014.

### Who does Hudson Bay Capital Management invest alongside?

Most often Heights Capital Management (5 rounds together), Iroquois Capital (5 rounds together) and Barry Honig (3 rounds together).

### What kind of investor is Hudson Bay Capital Management?

Hudson Bay Capital Management is an asset manager based in Stamford, United States.

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=hudson-bay-capital-management) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=hudson-bay-capital-management)
