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172 hedge funds and large institutions have $983M invested in Hudbay in 2023 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 74 increasing their positions, 33 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 33

31% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 26

22% more call options, than puts

Call options by funds: $5.05M | Put options by funds: $4.15M

5% more funds holding

Funds holding: 164172 (+8)

3% more capital invested

Capital invested by funds: $958M → $983M (+$25.6M)

0% more funds holding in top 10

Funds holding in top 10: 44 (0)

10.2% less ownership

Funds ownership: 67.99%57.79% (-10%)

Holders
172
Holders Change
+8
Holders Change %
+4.88%
% of All Funds
2.7%
Holding in Top 10
4
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.06%
New
34
Increased
74
Reduced
33
Closed
26
Calls
$5.05M
Puts
$4.15M
Net Calls
+$897K
Net Calls Change
-$2.86M
Name Holding Trade Value Shares
Change
Change in
Stake
GC
1
GMT Capital
Georgia
$165M +$17.5M +3,589,100 +12%
LC
2
L1 Capital
Australia
$89.9M +$11.3M +2,312,179 +20%
LBA
3
Letko, Brosseau & Associates
Quebec, Canada
$79M -$2.5M -512,270 -3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$51M +$14.4M +2,952,234 +38%
EIG
5
EdgePoint Investment Group
Ontario, Canada
$50.9M +$21.5M +4,399,010 +71%
WGRM
6
Waterton Global Resource Management
Ontario, Canada
$44.9M -$60.6M -12,391,305 -57%
Millennium Management
7
Millennium Management
New York
$32.9M +$14.8M +3,027,781 +79%
Mirae Asset Global Investments
8
Mirae Asset Global Investments
South Korea
$32.7M +$6.39M +1,307,550 +24%
Acadian Asset Management
9
Acadian Asset Management
Massachusetts
$31.3M +$2.15M +440,796 +7%
Invesco
10
Invesco
Georgia
$21M -$5.57M -1,138,882 -21%
Mackenzie Financial
11
Mackenzie Financial
Ontario, Canada
$20.9M +$20.7M +4,236,223 +3,592%
Morgan Stanley
12
Morgan Stanley
New York
$19.1M -$702K -143,646 -3%
Connor, Clark & Lunn Investment Management (CC&L)
13
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$16.4M +$897K +183,627 +6%
Bank of Montreal
14
Bank of Montreal
Ontario, Canada
$15M +$5.52M +1,130,126 +63%
Janus Henderson Group
15
Janus Henderson Group
United Kingdom
$13.4M +$4.71M +964,718 +53%
BCA
16
Boundary Creek Advisors
New York
$12M +$3.13M +639,435 +34%
Renaissance Technologies
17
Renaissance Technologies
New York
$10.5M +$155K +31,800 +1%
CVA
18
Ceredex Value Advisors
Florida
$10.2M +$10.4M +2,129,200 New
Citadel Advisors
19
Citadel Advisors
Florida
$10.1M -$16M -3,269,790 -61%
WCM
20
Woodson Capital Management
Connecticut
$10.1M +$1.13M +231,000 +12%
SC
21
Scotia Capital
Ontario, Canada
$9.44M +$199K +40,678 +2%
HCM
22
Heathbridge Capital Management
Ontario, Canada
$9.12M -$129K -26,400 -1%
Macquarie Group
23
Macquarie Group
Australia
$8.89M +$63.3K +12,961 +0.7%
Verition Fund Management
24
Verition Fund Management
Connecticut
$8.79M +$962K +196,906 +12%
AAM
25
Alpine Associates Management
Florida
$8.46M +$8.62M +1,763,718 New

HBM Hedge Fund Activity: Q2 2023 in Review

172 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Hudbay (HBM) for Q2 2023, worth a combined $983M — up 2.7% from $958M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new HBM positions and 26 closed out — a net gain of 8 holders — while 74 added to existing stakes and 33 trimmed.

The largest buyer was EdgePoint Investment Group, adding an estimated $21.5M. The largest seller was Waterton Global Resource Management, cutting an estimated $60.6M.

  • 172 institutional investors held Hudbay (HBM) as of Q2 2023, up from 164 in Q1 2023.
  • Funds reported $983M of Hudbay stock for Q2 2023, up 2.7% quarter-over-quarter.
  • 34 funds opened new Hudbay positions in Q2 2023 and 26 closed out, a net change of +8 holders.
  • The largest Hudbay buyer in Q2 2023 was EdgePoint Investment Group, an estimated $21.5M added.
  • The largest Hudbay seller in Q2 2023 was Waterton Global Resource Management, an estimated $60.6M sold.

Based on aggregated 13F filings for Q2 2023.