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 Q2	$8.5M	Sell	359,921 -259,455	-42%	-$6.56M	0.03%	363
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 Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong $83.9B AUM 60.43% 1-Year Est. Return

Mackenzie Financial Toronto Ontario, Ontario, Canada $100B AUM 36.93% 1-Year Est. Return

GMT Capital Atlanta, Georgia $1.92B AUM 70.51% 1-Year Est. Return

Hancock Prospecting West Perth, Australia $5.71B AUM 63.42% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

L1 Capital Melbourne VIC 3000, Australia $2.97B AUM 43.46% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return

CIBC Asset Management Toronto, Ontario, Canada $45.6B AUM 44.74% 1-Year Est. Return

Ray Dalio's HBM Position: Q2 2026 in Review

Ray Dalio reduced its Hudbay (HBM) stake by 42% in Q2 2026, selling an estimated $6.56M and leaving 359,921 shares worth $8.5M. The position accounts for 0.03% of the portfolio, ranked #363.

Ray Dalio first reported a position in HBM in Q4 2020 and has held it in 16 quarters since. The position peaked at $12.9M in Q1 2026. 320 funds tracked by Wall St. Rank hold HBM as of Q2 2026.

Ray Dalio held 359,921 shares of Hudbay worth $8.5M as of Q2 2026.
Ray Dalio sold 259,455 Hudbay shares in Q2 2026, an estimated $6.56M.
Hudbay made up 0.03% of Ray Dalio's portfolio in Q2 2026, its #363 holding.
Ray Dalio first reported a position in Hudbay in Q4 2020 and has held it in 16 quarters since.
Ray Dalio's Hudbay position peaked at $12.9M in Q1 2026.
320 funds tracked by Wall St. Rank held Hudbay as of Q2 2026.

Based on Bridgewater Associates's 13F filing for Q2 2026, filed 14 Aug 2026.