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GMT Capital’s Hudbay HBM Stock Holding History

GMT Capital’s Portfolio HBM Stock Details HBM Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$457M Sell
21,904,820
-2,736,400
-11% -$64M 20.86% 1
2025
Q4 		$490M Sell
24,641,220
-3,462,400
-12% -$58.6M 25.54% 1
2025
Q3 		$426M Sell
28,103,620
-3,795,400
-12% -$43.5M 19.3% 1
2025
Q2 		$338M Buy
+31,899,020
New +$266M 14.14% 1
2025
Q1 		– Sell
-33,439,920
Closed -$271M – 72
2024
Q4 		$271M Sell
33,439,920
-3,584,200
-10% -$32.1M 13.21% 2
2024
Q3 		$341M Sell
37,024,120
-1,729,900
-4% -$13.9M 13.61% 1
2024
Q2 		$480M Sell
38,754,020
-2,771,900
-7% -$24.1M 17.73% 1
2024
Q1 		$291M Sell
41,525,920
-487,100
-1% -$2.83M 11.45% 2
2023
Q4 		$233M Buy
42,013,020
+3,576,200
+9% +$16.8M 8.76% 2
2023
Q3 		$188M Buy
38,436,820
+4,067,800
+12% +$20.6M 7.07% 2
2023
Q2 		$165M Buy
34,369,020
+3,589,100
+12% +$17.5M 6.24% 4
2023
Q1 		$161M Sell
30,779,920
-874,000
-3% -$4.6M 6.32% 3
2022
Q4 		$160M Hold
31,653,920
– – 7.38% 2
2022
Q3 		$128M Buy
31,653,920
+659,500
+2% +$2.64M 7.95% 1
2022
Q2 		$126M Sell
30,994,420
-81,900
-0.3% -$489K 8.01% 2
2022
Q1 		$244M Sell
31,076,320
-977,600
-3% -$7.59M 15.35% 1
2021
Q4 		$232M Buy
32,053,920
+323,300
+1% +$2.24M 17.93% 1
2021
Q3 		$198M Sell
31,730,620
-1,175,200
-4% -$7.44M 17.46% 2
2021
Q2 		$219M Sell
32,905,820
-4,986,600
-13% -$37.3M 16.37% 1
2021
Q1 		$259M Sell
37,892,420
-2,407,100
-6% -$16.5M 19.05% 1
2020
Q4 		$282M Sell
40,299,520
-3,070,928
-7% -$17.4M 20.09% 1
2020
Q3 		$183M Buy
43,370,448
+1,924,201
+5% +$7.4M 13.3% 2
2020
Q2 		$125M Buy
41,446,247
+3,746,100
+10% +$9.39M 7.04% 3
2020
Q1 		$70.5M Buy
37,700,147
+10,523,747
+39% +$29.1M 3.95% 6
2019
Q4 		$113M Sell
27,176,400
-552,720
-2% -$2M 4.35% 4
2019
Q3 		$100M Sell
27,729,120
-2,258,300
-8% -$9.19M 3.69% 4
2019
Q2 		$163M Sell
29,987,420
-779,000
-3% -$4.62M 5.68% 4
2019
Q1 		$220M Sell
30,766,420
-166,200
-0.5% -$1.03M 7.28% 3
2018
Q4 		$146M Buy
30,932,620
+1,738,120
+6% +$8.17M 5.44% 5
2018
Q3 		$148M Buy
29,194,500
+1,564,500
+6% +$7.75M 3.83% 7
2018
Q2 		$154M Sell
27,630,000
-576,000
-2% -$3.92M 3.66% 7
2018
Q1 		$200M Sell
28,206,000
-5,377,200
-16% -$44.9M 4.77% 3
2017
Q4 		$298M Buy
33,583,200
+386,500
+1% +$3.02M 6.08% 2
2017
Q3 		$246M Buy
33,196,700
+2,597,100
+8% +$19.5M 4.92% 3
2017
Q2 		$173M Buy
30,599,600
+3,678,300
+14% +$20.8M 3.71% 4
2017
Q1 		$176M Buy
26,921,300
+518,600
+2% +$3.87M 3.73% 3
2016
Q4 		$151M Buy
+26,402,700
New +$141M 3.16% 6

Other funds holding HBM

Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong $73.7B AUM 53.56% 1-Year Est. Return
HP
Hancock Prospecting West Perth, Australia $3.33B AUM 65.96% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Mackenzie Financial
Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return
Acadian Asset Management
Acadian Asset Management Boston, Massachusetts $70.5B AUM 36% 1-Year Est. Return
CIBC Asset Management
CIBC Asset Management Toronto, Ontario, Canada $40.9B AUM 35.96% 1-Year Est. Return
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

GMT Capital's HBM Position: Q1 2026 in Review

GMT Capital reduced its Hudbay (HBM) stake by 11% in Q1 2026, selling an estimated $64M and leaving 21,904,820 shares worth $457M. The position accounts for 20.86% of the portfolio, ranked #1.

GMT Capital first reported a position in HBM in Q4 2016 and has held it in 37 quarters since. The position peaked at $490M in Q4 2025. 295 funds tracked by Wall St. Rank hold HBM as of Q1 2026.

  • GMT Capital held 21,904,820 shares of Hudbay worth $457M as of Q1 2026.
  • GMT Capital sold 2,736,400 Hudbay shares in Q1 2026, an estimated $64M.
  • Hudbay made up 20.86% of GMT Capital's portfolio in Q1 2026, its #1 holding.
  • GMT Capital first reported a position in Hudbay in Q4 2016 and has held it in 37 quarters since.
  • GMT Capital's Hudbay position peaked at $490M in Q4 2025.
  • 295 funds tracked by Wall St. Rank held Hudbay as of Q1 2026.

Based on GMT Capital's 13F filing for Q1 2026, filed 15 May 2026.