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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
Allianz Asset Management
26
Allianz Asset Management
Germany
$46.3M +$5.12M +302,539 +15%
Renaissance Technologies
27
Renaissance Technologies
New York
$43.5M -$29.8M -1,760,100 -45%
TD Asset Management
28
TD Asset Management
Ontario, Canada
$42.2M +$101K +5,962 +0.3%
Manulife (Manufacturers Life Insurance)
29
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$41.5M -$20.9M -1,234,594 -37%
DCM
30
Driehaus Capital Management
Illinois
$39.3M -$1.28M -75,561 -4%
VanEck Associates
31
VanEck Associates
New York
$38.5M +$15.3M +904,765 +87%
LBA
32
Letko, Brosseau & Associates
Quebec, Canada
$31.2M -$33.2M -1,962,225 -56%
Charles Schwab
33
Charles Schwab
California
$28.8M +$1.8M +106,689 +8%
Toronto Dominion Bank
34
Toronto Dominion Bank
Ontario, Canada
$27.6M +$5.84M +345,309 +33%
Voloridge Investment Management
35
Voloridge Investment Management
Florida
$27.5M -$8.05M -475,999 -26%
Bank of America
36
Bank of America
North Carolina
$24.4M -$10.5M -622,004 -34%
Millennium Management
37
Millennium Management
New York
$23.9M -$67.2K -3,971 -0.3%
CM
38
CastleKnight Management
New York
$23.2M -$2.46M -145,300 -11%
RS
39
Robeco Schweiz
Switzerland
$22.9M – – –
BNP Paribas Financial Markets
40
BNP Paribas Financial Markets
France
$21.7M -$5.38M -318,080 -23%
YCM
41
Yaupon Capital Management
New York
$20.9M +$4.42M +261,148 +33%
Point72 Asset Management
42
Point72 Asset Management
Connecticut
$19.8M +$16.9M +998,673 New
Bank of New York Mellon
43
Bank of New York Mellon
New York
$19.3M -$4.97M -293,728 -23%
Caisse de Depot et Placement du Quebec (CDPQ)
44
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$18.7M +$15.9M +941,623 New
MA
45
Mudita Advisors
United Kingdom
$18.3M -$5.34K -316 -0%
Goldman Sachs
46
Goldman Sachs
New York
$18.3M -$48.7M -2,879,519 -76%
T. Rowe Price Associates
47
T. Rowe Price Associates
Maryland
$17.5M +$14.9M +879,900 New
NC
48
Nokomis Capital
Texas
$17.2M – – –
GRA
49
Goehring & Rozencwajg Associates
New York
$16.4M +$869K +51,387 +7%
CIBC World Market
50
CIBC World Market
Ontario, Canada
$16.2M -$2.64M -155,834 -16%
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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.