National Bank of Canada
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National Bank of Canada’s Hudbay HBM Stock Holding History

National Bank of Canada’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 		$57.6M Sell
2,768,891
-875,838
-24% -$20.5M 0.05% 264
2025
Q4 		$71.6M Buy
3,644,729
+1,075,702
+42% +$18.2M 0.07% 244
2025
Q3 		$38.7M Buy
2,569,027
+754,063
+42% +$8.64M 0.04% 342
2025
Q2 		$19M Buy
1,814,964
+95,069
+6% +$792K 0.02% 567
2025
Q1 		$12.8M Buy
1,719,895
+1,024,360
+147% +$8.34M 0.01% 644
2024
Q4 		$5.65M Buy
695,535
+222,239
+47% +$1.99M 0.01% 951
2024
Q3 		$4.35M Sell
473,296
-293,553
-38% -$2.37M 0.01% 869
2024
Q2 		$6.94M Buy
766,849
+183,434
+31% +$1.59M 0.01% 657
2024
Q1 		$5.12M Sell
583,415
-193,806
-25% -$1.13M 0.01% 805
2023
Q4 		$4.21M Sell
777,221
-35,055
-4% -$164K 0.01% 821
2023
Q3 		$3.62M Sell
812,276
-276,193
-25% -$1.4M 0.01% 898
2023
Q2 		$4.94M Buy
1,088,469
+631,935
+138% +$3.09M 0.01% 722
2023
Q1 		$2.39M Sell
456,534
-1,954,510
-81% -$10.3M 0.01% 806
2022
Q4 		$12.2M Buy
2,411,044
+2,026,123
+526% +$9.76M 0.03% 379
2022
Q3 		$1.55M Buy
384,921
+29,236
+8% +$117K 0.01% 848
2022
Q2 		$1.45M Buy
355,685
+7,791
+2% +$46.5K 0.01% 891
2022
Q1 		$2.72M Buy
347,894
+45,334
+15% +$352K 0.01% 787
2021
Q4 		$2.18M Buy
+302,560
New +$2.1M 0.01% 790

Other funds holding HBM

Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
GC
GMT Capital Atlanta, Georgia $2.19B AUM 72.3% 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 $45.6B AUM 44.74% 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

National Bank of Canada's HBM Position: Q1 2026 in Review

National Bank of Canada reduced its Hudbay (HBM) stake by 24% in Q1 2026, selling an estimated $20.5M and leaving 2,768,891 shares worth $57.6M. The position accounts for 0.05% of the portfolio, ranked #264.

National Bank of Canada first reported a position in HBM in Q4 2021 and has held it in 18 quarters since. The position peaked at $71.6M in Q4 2025. 295 funds tracked by Wall St. Rank hold HBM as of Q1 2026.

  • National Bank of Canada held 2,768,891 shares of Hudbay worth $57.6M as of Q1 2026.
  • National Bank of Canada sold 875,838 Hudbay shares in Q1 2026, an estimated $20.5M.
  • Hudbay made up 0.05% of National Bank of Canada's portfolio in Q1 2026, its #264 holding.
  • National Bank of Canada first reported a position in Hudbay in Q4 2021 and has held it in 18 quarters since.
  • National Bank of Canada's Hudbay position peaked at $71.6M in Q4 2025.
  • 295 funds tracked by Wall St. Rank held Hudbay as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.