Hudbay
HBM
264 hedge funds and large institutions have $4.31B invested in Hudbay in 2025 Q3 according to their latest regulatory filings, with 63 funds opening new positions, 88 increasing their positions, 91 reducing their positions, and 38 closing their positions.
424% more call options, than puts
Call options by funds: $67.6M | Put options by funds: $12.9M
66% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 38
41% more capital invested
Capital invested by funds: $3.06B → $4.31B (+$1.25B)
10% more funds holding
Funds holding: 240 → 264 (+24)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
3% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 91
1.25% less ownership
Funds ownership: 72.93% → 71.69% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$126M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$93.5M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$44.1M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$42.5M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$41.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Condire Management
Dallas,
Texas
|
-$77.2M |
| 2 |
LC
L1 Capital
Melbourne VIC 3000,
Australia
|
-$76.4M |
| 3 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
-$51.9M |
| 4 |
GC
GMT Capital
Atlanta,
Georgia
|
-$43.5M |
| 5 |
Millennium Management
New York
|
-$42.4M |
HBM Hedge Fund Activity: Q3 2025 in Review
264 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Hudbay (HBM) for Q3 2025, worth a combined $4.31B — up 41% from $3.06B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new HBM positions and 38 closed out — a net gain of 25 holders — while 88 added to existing stakes and 91 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $126M. The largest seller was Condire Management, exiting entirely with an estimated $77.2M sold.
- 264 institutional investors held Hudbay (HBM) as of Q3 2025, up from 240 in Q2 2025.
- Funds reported $4.31B of Hudbay stock for Q3 2025, up 41% quarter-over-quarter.
- 63 funds opened new Hudbay positions in Q3 2025 and 38 closed out, a net change of +25 holders.
- The largest Hudbay buyer in Q3 2025 was Fidelity International, an estimated $126M added.
- The largest Hudbay seller in Q3 2025 was Condire Management, an estimated $77.2M sold.
Based on aggregated 13F filings for Q3 2025.