Columbus Hill Capital Management, L.P. In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Columbus Hill Capital Management, L.P. reported 20 stock positions worth $576.5 million . Its top holding was Coupang (CPNG) at 18.2% of the portfolio, followed by Amazon.com (AMZN, 11.6% ) and Norwegian Cruise Line Holdin (NCLH, 8.6% ). Compared with Q4 2025, it opened 2 new positions, sold out of 6, added to 3 and reduced 10. The biggest buy was Coupang (CPNG, shares +549% ) and the biggest sale Meta Platforms Class A (META, shares −30% ).
Location Short Hills, NJ
CIK 0001384982
Portfolio Value $576.5M (Q1 2026) Holdings 20 stocks · $576.5M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 CPNG Coupang Inc. 5,563,000 $105.0M Add +548.6% AMZN Amazon.com Inc. 321,249 $66.9M Reduce -14.3% NCLH Norwegian Cruise Line Holdin 2,660,601 $49.8M No change META Meta Platforms Inc. Class A 70,379 $40.3M Reduce -29.7% MAR Marriott International Class A 122,210 $40.0M No change RCL Royal Caribbean Cruises Ltd. 140,407 $38.6M Reduce -5.8% AMD Advanced Micro Devices 179,476 $36.5M Add +42.8% MSFT Microsoft Corp. 67,588 $25.0M Reduce -26.4% GOOGL Alphabet Inc. Class A 85,776 $24.7M Reduce -32.4% ECHO Echostar Corp. Class A 193,158 $22.6M Reduce -4.9% TSM Taiwan Semiconductor-SP ADR 65,039 $22.0M Reduce -9.2% MA Mastercard Inc. Class A 37,310 $18.6M No change NVDA Nvidia Corp. 104,679 $18.3M Reduce -40.9% VST Vistra Corp. 119,723 $18.0M Reduce -46.4% HUM Humana Inc. 89,376 $15.5M Reduce -7.8% URI United Rentals Inc. 20,666 $15.1M No change V Visa Inc. Class A 44,572 $13.5M Add +39.0% FIGR Figure Technology Solut Class A 149,130 $5.1M No change UBER Uber Technologies Inc. 16,000 $1.2M New EQPT Equipmentshare.com Inc. Class A 1,000 $20K New
Options reported separately and not counted above: HYG puts ($50.9M), SPY puts ($20.2M), AAL calls ($9.1M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $16.0M (not counted above) Total filed on the 13F, all lines: $592.5M.
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ META Meta Platforms Inc. Class A Reduce -29.7% 6.98% −2.88 LTM Latam Airlines Group SA-ADR Sold out 0.00% −2.66 MSFT Microsoft Corp. Reduce -26.4% 4.34% −2.29 VST Vistra Corp. Reduce -46.4% 3.12% −2.26 FYBR Frontier Communications Pare Sold out 0.00% −2.15 NVDA Nvidia Corp. Reduce -40.9% 3.17% −1.76 GOOGL Alphabet Inc. Class A Reduce -32.4% 4.28% −1.65 AMZN Amazon.com Inc. Reduce -14.3% 11.61% −1.31 SHOP Shopify Inc. Class A Sold out 0.00% −1.11 HUM Humana Inc. Reduce -7.8% 2.69% −1.02 TXN Texas Instruments Inc. Sold out 0.00% −0.96 FICO Fair Isaac Corp. Sold out 0.00% −0.69 NOW ServiceNow Inc. Sold out 0.00% −0.46 RCL Royal Caribbean Cruises Ltd. Reduce -5.8% 6.70% +0.49 TSM Taiwan Semiconductor-SP ADR Reduce -9.2% 3.81% +0.56 ECHO Echostar Corp. Class A Reduce -4.9% 3.92% +0.62
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ CPNG Coupang Inc. Add +548.6% 18.22% +15.20 AMD Advanced Micro Devices Add +42.8% 6.33% +2.31 V Visa Inc. Class A Add +39.0% 2.34% +0.66 UBER Uber Technologies Inc. New 0.20% +0.20 EQPT Equipmentshare.com Inc. Class A New 0.00% +0.00
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 640,000 $50.9M SPY SS SPDR S&P 500 ETF Trust-US put New 31,000 $20.2M AAL American Airlines Group Inc. call New 850,000 $9.1M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026 Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 29 $898.8M AMD, CPNG, NCLH, AMZN, MAR Q1 2026 20 $576.5M CPNG, AMZN, NCLH, META, MAR Q4 2025 24 $669.6M AMZN, META, NCLH, MSFT, RCL Q3 2025 26 $720.1M AMZN, NCLH, META, RCL, MSFT Q2 2025 25 $676.5M AMZN, RCL, META, NCLH, DKNG Q1 2025 23 $457.4M AMZN, RCL, META, NCLH, MSFT Q4 2024 22 $503.2M META, AMZN, RCL, NCLH, PCG Q3 2024 Amended 24 $458.1M AMZN, RCL, MAR, META, PCG Q2 2024 30 $463.7M AMZN, RCL, HUM, MAR, META Q1 2024 22 $432.3M HUM, AMZN, THC, GOOGL, RCL