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Hudbay
HBM

178 hedge funds and large institutions have $1.17B invested in Hudbay in 2023 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 68 increasing their positions, 53 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

47% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 19

28% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 53

20% more capital invested

Capital invested by funds: $971M → $1.17B (+$198M)

5% more funds holding

Funds holding: 170 → 178 (+8)

3.58% more ownership

Funds ownership: 55.45% → 59.03% (+3.6%)

10% less call options, than puts

Call options by funds: $3.79M | Put options by funds: $4.22M

Holders
178
Holders Change
+8
Holders Change %
+4.71%
% of All Funds
2.6%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.07%
New
28
Increased
68
Reduced
53
Closed
19
Calls
$3.79M
Puts
$4.22M
Net Calls
-$434K
Net Calls Change
-$2.15M

Top Buyers

1
DSC
Donald Smith & Co
New York
+$17.8M
2
GC
GMT Capital
Georgia
+$16.8M
3
SMDAM
Sumitomo Mitsui DS Asset Management
Japan
+$12.4M
4
ECA
Encompass Capital Advisors
New York
+$10.2M
5
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
+$9.78M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$21.2M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$13.3M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$8.85M
4
Bank of America
Bank of America
North Carolina
-$6.64M
5
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$3.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
GMT Capital
Georgia
$233M +$16.8M +3,576,200 +9%
LC
2
L1 Capital
Australia
$124M +$3.01M +641,279 +4%
LBA
3
Letko, Brosseau & Associates
Quebec, Canada
$91.6M +$536K +114,266 +0.7%
Mirae Asset Global Investments
4
Mirae Asset Global Investments
South Korea
$51.8M +$9.78M +2,085,641 +29%
Invesco
5
Invesco
Georgia
$46.6M +$6.81M +1,452,200 +21%
Vanguard Group
6
Vanguard Group
Pennsylvania
$46.5M -$96.3K -20,540 -0.2%
EIG
7
EdgePoint Investment Group
Ontario, Canada
$44.2M -$990K -211,102 -3%
Millennium Management
8
Millennium Management
New York
$31M +$3.46M +737,962 +15%
Mackenzie Financial
9
Mackenzie Financial
Ontario, Canada
$27.6M +$5.94M +1,266,717 +34%
Morgan Stanley
10
Morgan Stanley
New York
$26.2M +$7.47M +1,594,006 +51%
ECA
11
Encompass Capital Advisors
New York
$25.7M +$10.2M +2,180,804 +88%
DSC
12
Donald Smith & Co
New York
$25.4M +$17.8M +3,802,687 +475%
CM
13
Condire Management
Texas
$22.4M -$2.54M -542,757 -12%
Bank of Montreal
14
Bank of Montreal
Ontario, Canada
$18.2M -$197K -42,025 -1%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$17.6M +$2.59M +553,126 +21%
SMDAM
16
Sumitomo Mitsui DS Asset Management
Japan
$14.6M +$12.4M +2,648,100 New
Goldman Sachs
17
Goldman Sachs
New York
$12.9M +$865K +184,507 +9%
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$12.2M +$862K +183,870 +9%
BCA
19
Boundary Creek Advisors
New York
$11.4M -$1.95M -415,164 -17%
CVA
20
Ceredex Value Advisors
Florida
$11.3M -$374K -79,775 -4%
Macquarie Group
21
Macquarie Group
Australia
$10.2M -$244K -52,134 -3%
SAM
22
Scopus Asset Management
New York
$9.95M +$8.44M +1,800,000 New
HCM
23
Heathbridge Capital Management
Ontario, Canada
$9.86M -$403K -86,050 -5%
SC
24
Scotia Capital
Ontario, Canada
$9.74M -$568K -121,092 -6%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$9.28M +$2M +425,951 +34%
1
2 3 4 5

HBM Hedge Fund Activity: Q4 2023 in Review

178 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Hudbay (HBM) for Q4 2023, worth a combined $1.17B — up 20% from $971M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new HBM positions and 19 closed out — a net gain of 9 holders — while 68 added to existing stakes and 53 trimmed.

The largest buyer was Donald Smith & Co, adding an estimated $17.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $21.2M.

  • 178 institutional investors held Hudbay (HBM) as of Q4 2023, up from 170 in Q3 2023.
  • Funds reported $1.17B of Hudbay stock for Q4 2023, up 20% quarter-over-quarter.
  • 28 funds opened new Hudbay positions in Q4 2023 and 19 closed out, a net change of +9 holders.
  • The largest Hudbay buyer in Q4 2023 was Donald Smith & Co, an estimated $17.8M added.
  • The largest Hudbay seller in Q4 2023 was T. Rowe Price Associates, an estimated $21.2M sold.

Based on aggregated 13F filings for Q4 2023.