Hudson Bay Capital discloses stakes of 1% or more in four UK-listed firms

what happened

Hudson Bay Capital Management LP filed Form 8.3 disclosures on 27 October 2026, setting out its positions as of 26 October 2026. The documents were distributed through the RNS service of the London Stock Exchange and were issued for DCC Energy plc, Intertek Group plc, Rotork plc and easyJet plc. Such notices are required under takeover rules once an investor's holding reaches 1% or more.

At DCC Energy, the fund held 857,667 shares with a nominal value of 0.25 euro, or 1.00%, through cash-settled derivatives. At Intertek, its total interest reached 2,653,860 shares, or 1.72%, after it added 94 shares through an equity swap at GBP 59.25. At Rotork, the total stood at 13,171,862 shares, or 1.61%, following an increase of 12,768 shares at GBP 4.92 via a swap. At easyJet, the stake was 8,808,806 shares, or 1.16%, and the short position was 209,971 shares, or 0.02%; the fund also covered shorts with trades of 4,671 and 2,970 shares at GBP 6.80.

why it matters

Form 8.3 filings are routine and reflect one investor's position rather than any change in the companies' business. The stakes are small relative to each firm's share count, so the disclosures are unlikely to move the shares on their own. They are most useful to investors tracking where large holders are building or reducing positions in UK mid-cap stocks.

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