ALLIANCE DATA SYSTEMS CORP

Ticker: BFH CUSIP: 018581108 Class: Common Stock

Hudson Bay Capital Management LP's Holding History (CIK: 0001393825)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 253,251 Value ($000) $18,748 Avg Close $65.65 Range $53.64 - $78.98

Q3 2025

Shares 252,642 Value ($000) $14,090 Avg Close $61.40 Range $55.09 - $67.77

Q3 2023

Shares 180,000 Value ($000) $6,156 Avg Close $35.08 Range $29.03 - $39.97

Q2 2023

Shares 130,000 Value ($000) $4,081 Avg Close $27.32 Range $21.95 - $31.41

Q1 2023

Shares 100,000 Value ($000) $3,032 Avg Close $35.36 Range $25.23 - $41.92

Q3 2021

Shares 50,000 Value ($000) $5,045 Avg Close $71.21 Range $64.26 - $79.86

Q4 2019

Shares 47,500 Value ($000) $5,330 Avg Close $79.21 Range $70.79 - $93.42

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	253,251	$18,748	$65.65	$53.64 - $78.98
Q3 2025	252,642	$14,090	$61.40	$55.09 - $67.77
Q3 2023	180,000	$6,156	$35.08	$29.03 - $39.97
Q2 2023	130,000	$4,081	$27.32	$21.95 - $31.41
Q1 2023	100,000	$3,032	$35.36	$25.23 - $41.92
Q3 2021	50,000	$5,045	$71.21	$64.26 - $79.86
Q4 2019	47,500	$5,330	$79.21	$70.79 - $93.42