Hudson Bay Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
A H BELO CORP	COM CL A	001282102	1,963	250,000	SH		SOLE		250,000	0	0
AASTROM BIOSCIENCES INC	COM NEW	00253U305	5	18,618	SH		SOLE		18,618	0	0
ACE LTD	SHS	H0023R105	1,230	13,145	SH		SOLE		13,145	0	0
ACTAVIS INC	COM	00507K103	36,180	251,247	SH		SOLE		251,247	0	0
ACTIVE NETWORK INC	COM	00506D100	8,586	600,000	SH		SOLE		600,000	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	20,658	177,839	SH		SOLE		177,839	0	0
ALEXION PHARMACEUTICALS INC	CALL	015351909	6,389	55,000	SH	Call	SOLE		55,000	0	0
ALEXION PHARMACEUTICALS INC	PUT	015351959	11,616	100,000	SH	Put	SOLE		100,000	0	0
ALLSTATE CORP	COM	020002101	1,408	27,860	SH		SOLE		27,860	0	0
AMERICAN RLTY CAP PPTYS INC	COM	02917T104	5,815	476,640	SH		SOLE		476,640	0	0
AMGEN INC	CALL	031162900	22,388	200,000	SH	Call	SOLE		200,000	0	0
ANADARKO PETE CORP	COM	032511107	20,957	225,366	SH		SOLE		225,366	0	0
ANADARKO PETE CORP	PUT	032511957	37,196	400,000	SH	Put	SOLE		400,000	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	1,797	33,206	SH		SOLE		33,206	0	0
ARRIS GROUP INC NEW	PUT	04270V956	12,147	712,000	SH	Put	SOLE		712,000	0	0
ASSURED GUARANTY LTD	CALL	G0585R906	3,750	200,000	SH	Call	SOLE		200,000	0	0
AXIS CAPITAL HOLDINGS LTD	SHS	G0692U109	1,684	38,881	SH		SOLE		38,881	0	0
BALLARD PWR SYS INC NEW	COM	058586108	20	11,200	SH		SOLE		11,200	0	0
BANK OF AMERICA CORPORATION	COM	060505104	30,209	2,189,056	SH		SOLE		2,189,056	0	0
BANK OF AMERICA CORPORATION	*W EXP 01/16/201	060505146	9,295	1,526,202	SH		SOLE		1,526,202	0	0
BANK OF AMERICA CORPORATION	CALL	060505904	37,950	2,750,000	SH	Call	SOLE		2,750,000	0	0
BANK OF AMERICA CORPORATION	PUT	060505954	62,042	4,495,800	SH	Put	SOLE		4,495,800	0	0
BARCLAYS BK PLC	PUT	06740C958	80,850	5,500,000	SH	Put	SOLE		5,500,000	0	0
BERRY PETE CO	CL A	085789105	4,508	104,528	SH		SOLE		104,528	0	0
BGS ACQUISITION CORP	SH	G1082J100	591	59,000	SH		SOLE		59,000	0	0
BLACKBERRY LTD	PUT	09228F953	14,304	1,800,400	SH	Put	SOLE		1,800,400	0	0
BLACKBERRY LTD	CALL	09228F903	3,973	500,000	SH	Call	SOLE		500,000	0	0
BOISE INC	COM	09746Y105	11,353	900,998	SH		SOLE		900,998	0	0
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	12,622	749,497	SH		SOLE		749,497	0	0
CAPITOL ACQUISITION CORP II	COM	14056V105	4,845	500,000	SH		SOLE		500,000	0	0
CBS CORP NEW	CL B	124857202	1,688	30,600	SH		SOLE		30,600	0	0
CELL THERAPEUTICS INC	COM NPV NEW 2012	150934883	25	15,000	SH		SOLE		15,000	0	0
CELSION CORPORATION	COM NEW	15117N305	14	12,400	SH		SOLE		12,400	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	1,010	90,320	SH		SOLE		90,320	0	0
CEMEX SAB DE CV	PUT	151290959	3,477	311,000	SH	Put	SOLE		311,000	0	0
CENVEO INC	COM	15670S105	325	110,000	SH		SOLE		110,000	0	0
CHARTER COMMUNICATIONS INC D	CL A NEW	16117M305	8,858	65,733	SH		SOLE		65,733	0	0
CHESAPEAKE ENERGY CORP	NOTE 2.500% 5/1	165167CA3	28,722	29,285,000	PRN		SOLE		29,285,000	0	0
CHINA LIFE INS CO LTD	SPON ADR REP H	16939P106	425	10,933	SH		SOLE		10,933	0	0
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	846	15,000	SH		SOLE		15,000	0	0
CHINA PETE & CHEM CORP	SPON ADR H SHS	16941R108	527	6,734	SH		SOLE		6,734	0	0
CHUBB CORP	COM	171232101	1,239	13,886	SH		SOLE		13,886	0	0
CNOOC LTD	SPONSORED ADR	126132109	4,274	21,180	SH		SOLE		21,180	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	1,790	21,800	SH		SOLE		21,800	0	0
COMMONWEALTH REIT	COM SH BEN INT	203233101	17,710	808,288	SH		SOLE		808,288	0	0
COMMUNITY HEALTH SYS INC NEW	COM	203668108	10,867	261,861	SH		SOLE		261,861	0	0
COMMUNITY HEALTH SYS INC NEW	CALL	203668908	12,450	300,000	SH	Call	SOLE		300,000	0	0
COMMUNITY HEALTH SYS INC NEW	PUT	203668958	6,225	150,000	SH	Put	SOLE		150,000	0	0
COMPANHIA DE BEBIDAS DAS AME	SPON ADR PFD	20441W203	2,109	55,000	SH		SOLE		55,000	0	0
CONSTELLATION BRANDS INC	CALL	21036P908	2,273	39,600	SH	Call	SOLE		39,600	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	35,708	622,083	SH		SOLE		622,083	0	0
DELCATH SYS INC	COM	24661P104	13	38,293	SH		SOLE		38,293	0	0
DELL INC	PUT	24702R951	308	22,400	SH	Put	SOLE		22,400	0	0
DELL INC	CALL	24702R901	12,828	931,600	SH	Call	SOLE		931,600	0	0
DIRECTV	PUT	25490A959	5,975	100,000	SH	Put	SOLE		100,000	0	0
DISH NETWORK CORP	CL A	25470M109	58,633	1,302,658	SH		SOLE		1,302,658	0	0
DISH NETWORK CORP	CALL	25470M909	37,088	824,000	SH	Call	SOLE		824,000	0	0
DOCUMENT SEC SYS INC	COM	25614T101	3,902	3,423,199	SH		SOLE		3,423,199	0	0
DOLE FOOD CO INC NEW	COM	256603101	38,984	2,862,289	SH		SOLE		2,862,289	0	0
DOLE FOOD CO INC NEW	PUT	256603951	8,440	619,700	SH	Put	SOLE		619,700	0	0
DRAGONWAVE INC	COM	26144M103	2,606	1,316,059	SH		SOLE		1,316,059	0	0
EON COMMUNICATIONS CORP	COM NEW	268763208	42	43,677	SH		SOLE		43,677	0	0
EVEREST RE GROUP LTD	COM	G3223R108	1,974	13,572	SH		SOLE		13,572	0	0
EXIDE TECHNOLOGIES	COM NEW	302051206	92	246,440	SH		SOLE		246,440	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	1,050	17,000	SH		SOLE		17,000	0	0
FIDELITY NATIONAL FINANCIAL	PUT	31620R955	5,320	200,000	SH	Put	SOLE		200,000	0	0
FIRST MARBLEHEAD CORP	COM	320771108	562	685,405	SH		SOLE		685,405	0	0
FOREST LABS INC	COM	345838106	25,291	591,043	SH		SOLE		591,043	0	0
FOREST LABS INC	CALL	345838906	17,116	400,000	SH	Call	SOLE		400,000	0	0
FOREST LABS INC	PUT	345838956	10,698	250,000	SH	Put	SOLE		250,000	0	0
GANNETT INC	PUT	364730951	8,037	300,000	SH	Put	SOLE		300,000	0	0
GLEACHER & CO INC	COM NEW	377341201	2,769	201,405	SH		SOLE		201,405	0	0
HALLIBURTON CO	PUT	406216951	14,445	300,000	SH	Put	SOLE		300,000	0	0
HARTFORD FINL SVCS GROUP INC	*W EXP 06/26/201	416515120	8,096	362,238	SH		SOLE		362,238	0	0
HARTFORD FINL SVCS GROUP INC	PUT	416515954	1,229	39,500	SH	Put	SOLE		39,500	0	0
HEALTH MGMT ASSOC INC NEW	CL A	421933102	2,918	227,945	SH		SOLE		227,945	0	0
HEALTH MGMT ASSOC INC NEW	PUT	421933952	1,516	118,400	SH	Put	SOLE		118,400	0	0
HERBALIFE LTD	COM USD SHS	G4412G101	25,449	364,758	SH		SOLE		364,758	0	0
HERBALIFE LTD	CALL	G4412G901	31,376	449,700	SH	Call	SOLE		449,700	0	0
HERBALIFE LTD	PUT	G4412G951	42,267	605,800	SH	Put	SOLE		605,800	0	0
HERTZ GLOBAL HOLDINGS INC	COM	42805T105	479	21,600	SH		SOLE		21,600	0	0
HESS CORP	COM	42809H107	24,871	321,584	SH		SOLE		321,584	0	0
INTERCONTINENTALEXCHANGE INC	COM	45865V100	1,887	10,400	SH		SOLE		10,400	0	0
IPATH S&P500 VIX	COM	06740C188	2,940	200,000	SH		SOLE		200,000	0	0
ISHARES	PUT	464286953	7,379	292,000	SH	Put	SOLE		292,000	0	0
ISHARES	CALL	464287904	2,038	50,000	SH	Call	SOLE		50,000	0	0
ISHARES	CALL	464287904	1,402	37,800	SH	Call	SOLE		37,800	0	0
ISHARES	PUT	464288953	19,461	212,500	SH	Put	SOLE		212,500	0	0
ISHARES	PUT	464287955	12,793	120,000	SH	Put	SOLE		120,000	0	0
ISTAR FINL INC	NOTE 3.000%11/1	45031UBR1	38,029	30,500,000	PRN		SOLE		30,500,000	0	0
L-3 COMMUNICATIONS CORP	DEBT 3.000% 8/0	502413AW7	21,267	19,500,000	PRN		SOLE		19,500,000	0	0
LAS VEGAS SANDS CORP	PUT	517834957	1,993	30,000	SH	Put	SOLE		30,000	0	0
LEAP WIRELESS INTL INC	NOTE 4.500% 7/1	521863AL4	13,239	12,948,000	PRN		SOLE		12,948,000	0	0
LENDER PROCESSING SVCS INC	COM	52602E102	13,767	413,797	SH		SOLE		413,797	0	0
LIFE TECHNOLOGIES CORP	COM	53217V109	26,566	355,016	SH		SOLE		355,016	0	0
LIFE TECHNOLOGIES CORP	CALL	53217V909	748	10,000	SH	Call	SOLE		10,000	0	0
LINCOLN NATL CORP IND	*W EXP 07/10/201	534187117	45,920	1,404,285	SH		SOLE		1,404,285	0	0
LINN ENERGY LLC	CALL	536020900	9,526	367,500	SH	Call	SOLE		367,500	0	0
MBIA INC	COM	55262C100	6,846	669,181	SH		SOLE		669,181	0	0
MBIA INC	CALL	55262C900	21,483	2,100,000	SH	Call	SOLE		2,100,000	0	0
MBIA INC	PUT	55262C950	2,558	250,000	SH	Put	SOLE		250,000	0	0
MGIC INVT CORP WIS	NOTE 5.000% 5/0	552848AD5	30,087	27,782,000	PRN		SOLE		27,782,000	0	0
MGIC INVT CORP WIS	NOTE 2.000% 4/0	552848AE3	58,327	45,786,000	PRN		SOLE		45,786,000	0	0
MGT CAPITAL INVTS INC	COM NEW	55302P202	1,127	305,624	SH		SOLE		305,624	0	0
MICRON TECHNOLOGY INC	NOTE 2.375% 5/0	595112AW3	59,247	31,000,000	PRN		SOLE		31,000,000	0	0
MICRON TECHNOLOGY INC	NOTE 3.125% 5/0	595112AX1	55,873	29,500,000	PRN		SOLE		29,500,000	0	0
MOSAIC CO NEW	COM	61945C103	17,308	402,323	SH		SOLE		402,323	0	0
MOSAIC CO NEW	CALL	61945C903	26,836	623,800	SH	Call	SOLE		623,800	0	0
MOSAIC CO NEW	PUT	61945C953	20,168	468,800	SH	Put	SOLE		468,800	0	0
MYLAN INC	COM	628530107	11,031	288,986	SH		SOLE		288,986	0	0
NETAPP INC	COM	64110D104	17,535	411,419	SH		SOLE		411,419	0	0
NEWCASTLE INVT CORP	COM	65105M108	10,383	1,847,433	SH		SOLE		1,847,433	0	0
NEWS CORP NEW	CL A	65249B109	9,643	600,418	SH		SOLE		600,418	0	0
NEWS CORP NEW	CL B	65249B208	2,465	150,000	SH		SOLE		150,000	0	0
NEXSTAR BROADCASTING GROUP I	CALL	65336K903	3,716	83,500	SH	Call	SOLE		83,500	0	0
NOKIA CORP	SPONSORED ADR	654902204	6,597	1,013,300	SH		SOLE		1,013,300	0	0
NTT DOCOMO INC	SPONS ADR	62942M201	2,117	130,492	SH		SOLE		130,492	0	0
NYSE EURONEXT	COM	629491101	21,636	515,391	SH		SOLE		515,391	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	20,025	214,076	SH		SOLE		214,076	0	0
OCCIDENTAL PETE CORP DEL	CALL	674599905	9,354	100,000	SH	Call	SOLE		100,000	0	0
OFFICE DEPOT INC	COM	676220106	37,741	7,813,812	SH		SOLE		7,813,812	0	0
ONYX PHARMACEUTICALS INC	CALL	683399909	65,305	523,700	SH	Call	SOLE		523,700	0	0
OREXIGEN THERAPEUTICS INC	COM	686164104	2,287	372,405	SH		SOLE		372,405	0	0
OREXIGEN THERAPEUTICS INC	CALL	686164904	614	100,000	SH	Call	SOLE		100,000	0	0
PARTNERRE LTD	COM	G6852T105	1,681	18,369	SH		SOLE		18,369	0	0
PAULSON CAP CORP	COM	703797100	47	143,886	SH		SOLE		143,886	0	0
PENNEY J C INC	COM	708160106	4,431	502,422	SH		SOLE		502,422	0	0
PENNEY J C INC	CALL	708160906	882	100,000	SH	Call	SOLE		100,000	0	0
PERRIGO CO	COM	714290103	1,110	9,000	SH		SOLE		9,000	0	0
PHH CORP	NOTE 6.000% 6/1	693320AQ6	107,188	52,500,000	PRN		SOLE		52,500,000	0	0
POTASH CORP SASK INC	COM	73755L107	8,278	264,649	SH		SOLE		264,649	0	0
PRICELINE COM INC	NOTE 1.250% 3/1	741503AN6	71,499	21,431,000	PRN		SOLE		21,431,000	0	0
PROSPECT GLOBAL RES INC	COM NEW	74348X202	33	10,747	SH		SOLE		10,747	0	0
RADIAN GROUP INC	NOTE 3.000%11/1	750236AK7	136,116	95,833,000	PRN		SOLE		95,833,000	0	0
RARE ELEMENT RES LTD	COM	75381M102	1,495	559,776	SH		SOLE		559,776	0	0
REAL GOODS SOLAR INC	CL A	75601N104	128	45,691	SH		SOLE		45,691	0	0
RENAISSANCERE HOLDINGS LTD	COM	G7496G103	1,561	17,241	SH		SOLE		17,241	0	0
RITE AID CORP	NOTE 8.500% 5/1	767754BU7	19,489	9,849,000	PRN		SOLE		9,849,000	0	0
RUCKUS WIRELESS INC	COM	781220108	2,378	141,307	SH		SOLE		141,307	0	0
RUE21 INC	PUT	781295950	10,262	254,400	SH	Put	SOLE		254,400	0	0
SEMGROUP CORP	CL A	81663A105	872	15,300	SH		SOLE		15,300	0	0
SHIRE PLC	SPONSORED ADR	82481R106	7,297	60,861	SH		SOLE		60,861	0	0
SMITHFIELD FOODS INC	CALL	832248908	74,734	2,200,000	SH	Call	SOLE		2,200,000	0	0
SOLARWINDS INC	COM	83416B109	1,017	29,000	SH		SOLE		29,000	0	0
SOURCEFIRE INC	COM	83616T108	3,751	49,406	SH		SOLE		49,406	0	0
SPDR S&P 500 ETF TR	PUT	78462F953	334,519	1,990,000	SH	Put	SOLE		1,990,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,916	11,400	SH		SOLE		11,400	0	0
SPHERIX INC	COM PAR $0.01	84842R304	1,134	142,821	SH		SOLE		142,821	0	0
SPRINT CORP	COM SER 1	85207U105	2,795	450,000	SH		SOLE		450,000	0	0
STEREOTAXIS INC	COM NEW	85916J409	937	281,262	SH		SOLE		281,262	0	0
STEWART ENTERPRISES INC	CL A	860370105	10,695	813,918	SH		SOLE		813,918	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	8,985	529,800	SH		SOLE		529,800	0	0
TEVA PHARMACEUTICAL INDS LTD	PUT	881624959	3,778	100,000	SH	Put	SOLE		100,000	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	1,917	20,800	SH		SOLE		20,800	0	0
THOMAS PPTYS GROUP INC	COM	884453101	765	113,910	SH		SOLE		113,910	0	0
TIME WARNER CABLE INC	COM	88732J207	10,133	90,800	SH		SOLE		90,800	0	0
TITAN INTL INC ILL	COM	88830M102	420	28,700	SH		SOLE		28,700	0	0
T-MOBILE US INC	CALL	872590904	439	16,900	SH	Call	SOLE		16,900	0	0
T-MOBILE US INC	COM	872590104	10,374	399,472	SH		SOLE		399,472	0	0
TRAVELERS COMPANIES INC	COM	89417E109	1,321	15,586	SH		SOLE		15,586	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	668	20,000	SH		SOLE		20,000	0	0
U S AIRWAYS GROUP INC	CALL	90341W908	23,046	1,215,500	SH	Call	SOLE		1,215,500	0	0
U S AIRWAYS GROUP INC	COM	90341W108	7,037	371,151	SH		SOLE		371,151	0	0
VALEANT PHARMACEUTICALS INTL	COM	91911K102	1,408	13,500	SH		SOLE		13,500	0	0
VALIDUS HOLDINGS LTD	COM SHS	G9319H102	1,485	40,151	SH		SOLE		40,151	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	48,017	1,029,090	SH		SOLE		1,029,090	0	0
VIROPHARMA INC	COM	928241108	5,966	151,800	SH		SOLE		151,800	0	0
VIVUS INC	COM	928551100	2,501	268,367	SH		SOLE		268,367	0	0
VIVUS INC	CALL	928551900	8,804	944,600	SH	Call	SOLE		944,600	0	0
VODAFONE GROUP PLC NEW	SPONS ADR NEW	92857W209	19,525	555,000	SH		SOLE		555,000	0	0
WHITEWAVE FOODS CO	COM CL A	966244105	1,110	55,600	SH		SOLE		55,600	0	0
WPCS INTL INC	COM PAR $.0001	92931L302	156	55,688	SH		SOLE		55,688	0	0
XL GROUP PLC	SHS	G98290102	1,774	57,554	SH		SOLE		57,554	0	0
YANZHOU COAL MNG CO LTD	SPON ADR H SHS	984846105	1,233	129,000	SH		SOLE		129,000	0	0