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128 hedge funds and large institutions have $735M invested in Hudbay in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 46 increasing their positions, 51 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more call options, than puts

Call options by funds: $910K | Put options by funds: $732K

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

10% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 51

4% less funds holding

Funds holding: 134128 (-6)

5.24% less ownership

Funds ownership: 60.57%55.33% (-5.2%)

17% less capital invested

Capital invested by funds: $884M → $735M (-$149M)

23% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 22

Holders
128
Holders Change
-6
Holders Change %
-4.48%
% of All Funds
2.93%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
17
Increased
46
Reduced
51
Closed
22
Calls
$910K
Puts
$732K
Net Calls
+$178K
Net Calls Change
+$238K
Name Holding Trade Value Shares
Change
Change in
Stake
LBA
1
Letko, Brosseau & Associates
Quebec, Canada
$160M +$20.3M +4,093,825 +15%
GC
2
GMT Capital
Georgia
$148M +$7.75M +1,564,500 +6%
Allianz Asset Management
3
Allianz Asset Management
Germany
$37.3M +$10.9M +2,206,913 +43%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$31.3M +$8.71M +1,758,086 +40%
Capital World Investors
5
Capital World Investors
California
$31.2M -$14.9M -3,000,000 -33%
Vanguard Group
6
Vanguard Group
Pennsylvania
$30.3M +$2.03M +409,896 +7%
Norges Bank
7
Norges Bank
Norway
$30M +$743K +150,000 +3%
HCM
8
Heathbridge Capital Management
Ontario, Canada
$23M +$186K +37,650 +0.8%
TD Asset Management
9
TD Asset Management
Ontario, Canada
$17.4M -$623K -125,700 -4%
Mackenzie Financial
10
Mackenzie Financial
Ontario, Canada
$15.6M +$7.01M +1,416,198 +84%
Bank of America
11
Bank of America
North Carolina
$13.3M +$296K +59,784 +2%
Citadel Advisors
12
Citadel Advisors
Florida
$11.1M +$146K +29,469 +1%
Manulife (Manufacturers Life Insurance)
13
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$9.69M -$3.17M -640,169 -25%
Man Group
14
Man Group
United Kingdom
$9.55M +$6.5M +1,312,389 +228%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$9.04M -$19.8M -4,005,427 -69%
Jennison Associates
16
Jennison Associates
New York
$7.42M -$681K -137,468 -9%
IIM
17
Intact Investment Management
Quebec, Canada
$7.38M +$4.71M +951,300 +523%
SCP
18
SailingStone Capital Partners
Texas
$7.28M +$1.16M +233,811 +27%
Morgan Stanley
19
Morgan Stanley
New York
$6.87M -$1.63M -328,504 -19%
UBS Group
20
UBS Group
Switzerland
$6.15M +$918K +185,330 +18%
Renaissance Technologies
21
Renaissance Technologies
New York
$5.89M -$1.19M -240,031 -17%
Bank of Montreal
22
Bank of Montreal
Ontario, Canada
$5.81M -$3.17M -640,517 -36%
Goldman Sachs
23
Goldman Sachs
New York
$5.59M -$9.09M -1,836,109 -62%
Millennium Management
24
Millennium Management
New York
$5.42M -$2.03M -409,766 -28%
AII
25
AGF Investments Inc
Ontario, Canada
$5.28M +$9.83K +1,985 +0.2%

HBM Hedge Fund Activity: Q3 2018 in Review

128 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Hudbay (HBM) for Q3 2018, worth a combined $735M — down 17% from $884M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of HBM and 17 opened new positions — a net loss of 5 holders — while 51 trimmed existing stakes and 46 added.

The largest buyer was Letko, Brosseau & Associates, adding an estimated $20.3M. The largest seller was Capital Research Global Investors, exiting entirely with an estimated $23.6M sold.

  • 128 institutional investors held Hudbay (HBM) as of Q3 2018, down from 134 in Q2 2018.
  • Funds reported $735M of Hudbay stock for Q3 2018, down 17% quarter-over-quarter.
  • 17 funds opened new Hudbay positions in Q3 2018 and 22 closed out, a net change of -5 holders.
  • The largest Hudbay buyer in Q3 2018 was Letko, Brosseau & Associates, an estimated $20.3M added.
  • The largest Hudbay seller in Q3 2018 was Capital Research Global Investors, an estimated $23.6M sold.

Based on aggregated 13F filings for Q3 2018.