Hudbay
HBM
211 hedge funds and large institutions have $1.79B invested in Hudbay in 2025 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 91 increasing their positions, 70 reducing their positions, and 36 closing their positions.
339% more call options, than puts
Call options by funds: $28.6M | Put options by funds: $6.51M
30% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 70
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
6% less funds holding
Funds holding: 225 → 211 (-14)
8.04% less ownership
Funds ownership: 67.44% → 59.4% (-8%)
18% less capital invested
Capital invested by funds: $2.19B → $1.79B (-$403M)
33% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$37.3M |
| 2 |
LC
L1 Capital
Melbourne VIC 3000,
Australia
|
+$35.9M |
| 3 |
Goldman Sachs
New York
|
+$35M |
| 4 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$20.9M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$20.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
GMT Capital
Atlanta,
Georgia
|
-$271M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$44.3M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$30.6M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$19.8M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$17.7M |
HBM Hedge Fund Activity: Q1 2025 in Review
211 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Hudbay (HBM) for Q1 2025, worth a combined $1.79B — down 18% from $2.19B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of HBM and 24 opened new positions — a net loss of 12 holders — while 70 trimmed existing stakes and 91 added.
The largest buyer was Millennium Management, adding an estimated $37.3M. The largest seller was GMT Capital, exiting entirely with an estimated $271M sold.
- 211 institutional investors held Hudbay (HBM) as of Q1 2025, down from 225 in Q4 2024.
- Funds reported $1.79B of Hudbay stock for Q1 2025, down 18% quarter-over-quarter.
- 24 funds opened new Hudbay positions in Q1 2025 and 36 closed out, a net change of -12 holders.
- The largest Hudbay buyer in Q1 2025 was Millennium Management, an estimated $37.3M added.
- The largest Hudbay seller in Q1 2025 was GMT Capital, an estimated $271M sold.
Based on aggregated 13F filings for Q1 2025.