Hudbay
HBM
273 hedge funds and large institutions have $6.01B invested in Hudbay in 2025 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 78 increasing their positions, 103 reducing their positions, and 48 closing their positions.
361% more call options, than puts
Call options by funds: $51M | Put options by funds: $11.1M
39% more capital invested
Capital invested by funds: $4.31B → $6.01B (+$1.69B)
35% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 48
4.47% more ownership
Funds ownership: 71.69% → 76.16% (+4.5%)
3% more funds holding
Funds holding: 264 → 273 (+9)
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
24% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 103
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$375M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$92.5M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$79.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$69.8M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$57.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
L1 Capital
Melbourne VIC 3000,
Australia
|
-$134M |
| 2 |
DSC
Donald Smith & Co
New York
|
-$96.8M |
| 3 |
GC
GMT Capital
Atlanta,
Georgia
|
-$58.6M |
| 4 |
Goldman Sachs
New York
|
-$48.7M |
| 5 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
-$34.3M |
HBM Hedge Fund Activity: Q4 2025 in Review
273 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Hudbay (HBM) for Q4 2025, worth a combined $6.01B — up 39% from $4.31B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new HBM positions and 48 closed out — a net gain of 17 holders — while 78 added to existing stakes and 103 trimmed.
The largest buyer was Fidelity International, adding an estimated $375M. The largest seller was L1 Capital, exiting entirely with an estimated $134M sold.
- 273 institutional investors held Hudbay (HBM) as of Q4 2025, up from 264 in Q3 2025.
- Funds reported $6.01B of Hudbay stock for Q4 2025, up 39% quarter-over-quarter.
- 65 funds opened new Hudbay positions in Q4 2025 and 48 closed out, a net change of +17 holders.
- The largest Hudbay buyer in Q4 2025 was Fidelity International, an estimated $375M added.
- The largest Hudbay seller in Q4 2025 was L1 Capital, an estimated $134M sold.
Based on aggregated 13F filings for Q4 2025.