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Hudbay
HBM

273 hedge funds and large institutions have $6.01B invested in Hudbay in 2025 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 78 increasing their positions, 103 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

361% more call options, than puts

Call options by funds: $51M | Put options by funds: $11.1M

39% more capital invested

Capital invested by funds: $4.31B → $6.01B (+$1.69B)

35% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 48

4.47% more ownership

Funds ownership: 71.69% → 76.16% (+4.5%)

3% more funds holding

Funds holding: 264 → 273 (+9)

17% less funds holding in top 10

Funds holding in top 10: 12 → 10 (-2)

24% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 103

Holders
273
Holders Change
+9
Holders Change %
+3.41%
% of All Funds
3.32%
Holding in Top 10
10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-16.67%
% of All Funds
0.12%
New
65
Increased
78
Reduced
103
Closed
48
Calls
$51M
Puts
$11.1M
Net Calls
+$39.9M
Net Calls Change
-$14.8M

Top Buyers

1
Fidelity International
Fidelity International
Bermuda
+$375M
2
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$92.5M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$79.4M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$69.8M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$57.3M

Top Sellers

1
LC
L1 Capital
Australia
-$134M
2
DSC
Donald Smith & Co
New York
-$96.8M
3
GC
GMT Capital
Georgia
-$58.6M
4
Goldman Sachs
Goldman Sachs
New York
-$48.7M
5
EIG
EdgePoint Investment Group
Ontario, Canada
-$34.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
VF
301
Virtu Financial
New York
– -$416K -27,409 Closed
1C
302
111 Capital
France
– -$405K -26,731 Closed
BCM
303
Bayesian Capital Management
New York
– -$402K -26,500 Closed
HT
304
Headlands Technologies
Illinois
– -$396K -26,107 Closed
PCM
305
PenderFund Capital Management
British Columbia, Canada
– -$379K -25,000 Closed
AC
306
Aristides Capital
Kentucky
– -$364K -24,030 Closed
SWA
307
Stratos Wealth Advisors
Ohio
– -$321K -21,185 Closed
TSS
308
Two Sigma Securities
New York
– -$308K -20,290 Closed
PIM
309
Plato Investment Management
Australia
– -$302K -20,117 Closed
KWM
310
Kiker Wealth Management
Georgia
– -$271K -17,844 Closed
CW
311
CreativeOne Wealth
Kansas
– -$247K -16,282 Closed
Capstone Investment Advisors
312
Capstone Investment Advisors
New York
– -$230K -15,183 Closed
PA
313
PharVision Advisers
Florida
– -$228K -15,069 Closed
HSBC Holdings
314
HSBC Holdings
United Kingdom
– -$177K -11,766 Closed
EF
315
Empowered Funds
Pennsylvania
– -$177K -11,675 Closed
SCM
316
Semanteon Capital Management
Massachusetts
– -$165K -10,902 Closed
IA
317
IFP Advisors
Florida
– -$45.5K -3,000 Closed
QL
318
Quarry LP
New York
– -$38.1K -2,513 Closed
BBHC
319
Brown Brothers Harriman & Co
New York
– -$13.2K -871 Closed
HWM
320
HighMark Wealth Management
Minnesota
– -$2.17K -143 Closed
FIA
321
FNY Investment Advisers
New York
– +$846 +50 New
9 10 11 12
13

HBM Hedge Fund Activity: Q4 2025 in Review

273 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Hudbay (HBM) for Q4 2025, worth a combined $6.01B — up 39% from $4.31B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new HBM positions and 48 closed out — a net gain of 17 holders — while 78 added to existing stakes and 103 trimmed.

The largest buyer was Fidelity International, adding an estimated $375M. The largest seller was L1 Capital, exiting entirely with an estimated $134M sold.

  • 273 institutional investors held Hudbay (HBM) as of Q4 2025, up from 264 in Q3 2025.
  • Funds reported $6.01B of Hudbay stock for Q4 2025, up 39% quarter-over-quarter.
  • 65 funds opened new Hudbay positions in Q4 2025 and 48 closed out, a net change of +17 holders.
  • The largest Hudbay buyer in Q4 2025 was Fidelity International, an estimated $375M added.
  • The largest Hudbay seller in Q4 2025 was L1 Capital, an estimated $134M sold.

Based on aggregated 13F filings for Q4 2025.