Ray Dalio
HBM icon

Ray Dalio’s Hudbay HBM Stock Holding History

Ray Dalio’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 		$12.9M Buy
619,376
+475,027
+329% +$11.1M 0.06% 222
2025
Q4 		$2.87M Sell
144,349
-13,864
-9% -$234K 0.01% 684
2025
Q3 		$2.4M Sell
158,213
-6,191
-4% -$70.9K 0.01% 686
2025
Q2 		$1.74M Sell
164,404
-466,391
-74% -$3.89M 0.01% 431
2025
Q1 		$4.78M Sell
630,795
-457,767
-42% -$3.73M 0.02% 366
2024
Q4 		$8.83M Buy
1,088,562
+323,574
+42% +$2.9M 0.04% 276
2024
Q3 		$7.04M Buy
764,988
+423,748
+124% +$3.42M 0.04% 316
2024
Q2 		$3.09M Sell
341,240
-602,205
-64% -$5.23M 0.02% 449
2024
Q1 		$6.61M Buy
943,445
+573,799
+155% +$3.34M 0.03% 328
2023
Q4 		$2.04M Sell
369,646
-247,785
-40% -$1.16M 0.01% 511
2023
Q3 		$3.02M Buy
+617,431
New +$3.13M 0.02% 440
2022
Q2 		– Sell
-65,967
Closed -$519K – 1024
2022
Q1 		$519K Buy
65,967
+34,044
+107% +$264K ﹤0.01% 886
2021
Q4 		$231K Buy
31,923
+3,645
+13% +$25.3K ﹤0.01% 714
2021
Q3 		$176K Buy
+28,278
New +$179K ﹤0.01% 676
2021
Q1 		– Sell
-36,422
Closed -$255K – 522
2020
Q4 		$255K Buy
+36,422
New +$206K ﹤0.01% 515

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

Ray Dalio's HBM Position: Q1 2026 in Review

Ray Dalio increased its Hudbay (HBM) stake by 329% in Q1 2026, buying an estimated $11.1M and bringing the position to 619,376 shares worth $12.9M. The position accounts for 0.06% of the portfolio, ranked #222.

Ray Dalio first reported a position in HBM in Q4 2020 and has held it in 15 quarters since. 295 funds tracked by Wall St. Rank hold HBM as of Q1 2026.

  • Ray Dalio held 619,376 shares of Hudbay worth $12.9M as of Q1 2026.
  • Ray Dalio bought 475,027 Hudbay shares in Q1 2026, an estimated $11.1M.
  • Hudbay made up 0.06% of Ray Dalio's portfolio in Q1 2026, its #222 holding.
  • Ray Dalio first reported a position in Hudbay in Q4 2020 and has held it in 15 quarters since.
  • 295 funds tracked by Wall St. Rank held Hudbay as of Q1 2026.

Based on Bridgewater Associates's 13F filing for Q1 2026, filed 15 May 2026.