HUDBAY MINERALS INC HBM
COM · Common Stock · CUSIP 443628102 · ISIN CA4436281022
- SectorMaterials
- IndustryMetal Mining
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($9.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.63. Options: 12 managers hold calls ($17.8m notional), 10 hold puts ($5.8m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 116 |
| Q4 2022 | 147 |
| Q1 2023 | 165 |
| Q2 2023 | 173 |
| Q3 2023 | 172 |
| Q4 2023 | 179 |
| Q1 2024 | 178 |
| Q2 2024 | 213 |
| Q3 2024 | 216 |
| Q4 2024 | 225 |
| Q1 2025 | 211 |
| Q2 2025 | 240 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 87 | 74 |
| Q4 2023 | 91 | 72 |
| Q1 2024 | 92 | 83 |
| Q2 2024 | 141 | 76 |
| Q3 2024 | 119 | 102 |
| Q4 2024 | 131 | 85 |
| Q1 2025 | 108 | 107 |
| Q2 2025 | 134 | 108 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $23.0m | $6.0m | 0.26 |
| Q4 2024 | $14.6m | $3.3m | 0.22 |
| Q1 2025 | $28.6m | $6.5m | 0.23 |
| Q2 2025 | $17.8m | $5.8m | 0.33 |
Biggest buyers
| GMT Capital Corp | New | +31.9m |
| Hancock Prospecting Pty Ltd | New | +14.5m |
| ROYAL BANK OF CANADA | Added | +8.1m |
| PICTON MAHONEY ASSET MANAGEMENT | New | +5.8m |
| JPMORGAN CHASE & CO | Added | +2.7m |
| Cubist Systematic Strategies, LLC | New | +2.0m |
| DONALD SMITH & CO., INC. | Added | +1.9m |
| Bank of New York Mellon Corp | New | +1.9m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +1.8m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +1.6m |
Biggest sellers
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Reduced | -5.5m |
| T. Rowe Price Investment Management, Inc. | Sold out | -4.3m |
| Encompass Capital Advisors LLC | Sold out | -4.1m |
| Verition Fund Management LLC | Reduced | -2.2m |
| BANK OF MONTREAL /CAN/ | Reduced | -1.6m |
| CITADEL ADVISORS LLC | Reduced | -1.4m |
| Galibier Capital Management Ltd. | Reduced | -1.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -946.3k |
| EdgePoint Investment Group Inc. | Reduced | -838.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.6m433.3k shares |
| ROYAL BANK OF CANADA | Reduced | $3.6m340.0k shares |
| SIG North Trading, ULC | Added | $3.2m298.6k shares |
| SIMPLEX TRADING, LLC | Added | $2.1m197.4k shares |
| PEAK6 LLC | Added | $1.1m104.8k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $985.5k929 shares |
| CITADEL ADVISORS LLC | Added | $654.6k61.7k shares |
| TORONTO DOMINION BANK | Reduced | $584.0k55.0k shares |
| WOLVERINE TRADING, LLC | New | $388.6k36.8k shares |
| GROUP ONE TRADING LLC | Reduced | $333.2k31.4k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $2.1m200.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $1.1m1.1k shares |
| SIG North Trading, ULC | Reduced | $646.1k60.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $618.6k58.3k shares |
| JANE STREET GROUP, LLC | New | $595.2k56.1k shares |
| CITADEL ADVISORS LLC | Added | $492.3k46.4k shares |
| WOLVERINE TRADING, LLC | New | $132.0k12.5k shares |
| SIMPLEX TRADING, LLC | Unchanged | $66.0k6.3k shares |
| GROUP ONE TRADING LLC | Reduced | $36.1k3.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FIL Ltd 13G · institution -2.1 pts · filed 2026-08-06 | 6.3% |
Fell to 5% or below in the last year: GMT CAPITAL CORP (4.6%, 2026-08-14), DIMENSIONAL FUND ADVISORS LP (4.9%, 2026-01-21)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| GMT Capital Corp 14.14% of their portfolio | 31.9m $337.8m | New |
| VANGUARD GROUP INC 0.00% of their portfolio | 15.8m $167.9m | Added +426.0k |
| L1 Capital Pty Ltd 9.66% of their portfolio | 15.1m $159.9m | Added +630.7k |
| Hancock Prospecting Pty Ltd 4.91% of their portfolio | 14.5m $154.4m | New |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 12.2m $129.1m | Added +8.1m |
| Invesco Ltd. 0.02% of their portfolio | 11.3m $120.4m | Added +903.5k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 11.0m $116.6m | Added +1.1m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.20% of their portfolio | 9.5m $100.8m | Reduced -5.5m |
| LETKO, BROSSEAU & ASSOCIATES INC 1.63% of their portfolio | 8.1m $85.4m | Reduced -330.6k |
| DONALD SMITH & CO., INC. 1.86% of their portfolio | 7.4m $79.0m | Added +1.9m |
| Condire Management, LP 11.12% of their portfolio | 7.3m $77.2m | Added +1.0m |
| EdgePoint Investment Group Inc. 0.55% of their portfolio | 6.8m $72.1m | Reduced -838.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 6.3m $67.2m | Reduced -946.3k |
| MORGAN STANLEY 0.00% of their portfolio | 6.2m $66.2m | Added +1.1m |
| PICTON MAHONEY ASSET MANAGEMENT 0.87% of their portfolio | 5.8m $61.4m | New |
| NORGES BANK 0.01% of their portfolio | 5.7m $60.1m | Reduced -382.5k |
| MACKENZIE FINANCIAL CORP 0.07% of their portfolio | 5.1m $53.9m | Added +149.9k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 4.9m $52.1m | Reduced -1.2m |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 4.3m $45.3m | Reduced -20.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 4.2m $44.8m | Added +1.6m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 4.2m $44.6m | Added +2.7m |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 4.0m $42.9m | Reduced -1.6m |
| Waratah Capital Advisors Ltd. 2.55% of their portfolio | 3.5m $37.4m | Reduced -58.5k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 3.3m $34.8m | Added +548.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.2m $33.9m | Added +647.2k |
| Woodline Partners LP 0.17% of their portfolio | 3.1m $32.5m | Added +812.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.10% of their portfolio | 2.7m $28.1m | Added +285.5k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 2.5m $26.2m | Reduced -17.0k |
| Man Group plc 0.05% of their portfolio | 2.1m $22.2m | Added +903.6k |
| Boston Partners 0.03% of their portfolio | 2.1m $28.8m | Added +230.1k |
| Cubist Systematic Strategies, LLC 0.24% of their portfolio | 2.0m $21.7m | New |
| Temasek Holdings (Private) Ltd 0.08% of their portfolio | 2.0m $20.9m | Reduced -58.0k |
| Artemis Investment Management LLP 0.27% of their portfolio | 2.0m $20.9m | Reduced -731.3k |
| CastleKnight Management LP 1.33% of their portfolio | 1.9m $20.1m | Added +74.2k |
| AGF MANAGEMENT LTD 0.09% of their portfolio | 1.9m $20.1m | Reduced -250.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.9m $19.9m | New |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 1.8m $19.0m | Added +95.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 1.8m $19.0m | New |
| Carrhae Capital LLP 1.57% of their portfolio | 1.5m $16.4m | Reduced -331.7k |
| Assenagon Asset Management S.A. 0.02% of their portfolio | 1.4m $15.4m | New |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 1.4m $15.3m | Reduced -64.2k |
| CIBC Asset Management Inc 0.05% of their portfolio | 1.4m $15.3m | Reduced -106.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio | 1.4m $15.2m | New |
| Verition Fund Management LLC 0.09% of their portfolio | 1.4m $15.2m | Reduced -2.2m |
| Yaupon Capital Management LP 0.97% of their portfolio | 1.4m $14.5m | Reduced -406.6k |
| Mudita Advisors LLP 4.83% of their portfolio | 1.4m $14.4m | Added +1.0m |
| Regal Partners Ltd 1.15% of their portfolio | 1.3m $13.7m | Reduced -692.4k |
| Thomist Capital Management, LP 8.08% of their portfolio | 1.3m $13.4m | Reduced -416.2k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.2m $12.8m | Added +593.6k |
| TD Asset Management Inc 0.01% of their portfolio | 1.2m $12.6m | Reduced -262.0k |
| ExodusPoint Capital Management, LP 0.15% of their portfolio | 1.2m $12.6m | Reduced -662.5k |
| Galibier Capital Management Ltd. 3.64% of their portfolio | 1.1m $12.1m | Reduced -1.3m |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.1m $12.1m | Reduced -1.4m |
| Mountaineer Partners Management, LLC 7.89% of their portfolio | 1.1m $11.9m | Reduced -36.6k |
| Robeco Schweiz AG 0.26% of their portfolio | 1.1m $11.4m | New |
| DECADE RENEWABLE PARTNERS LP 8.97% of their portfolio | 1.0m $11.0m | Reduced -658.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 1.0m $10.9m | Added +632.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.0m $10.8m | Reduced -21.4k |
| Walleye Capital LLC 0.10% of their portfolio | 972.7k $10.3m | Added +409.1k |
| Jump Financial, LLC 0.12% of their portfolio | 945.8k $10.0m | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 921.3k $9.8m | Reduced -117.1k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 921.2k $9.8m | Reduced -184.5k |
| TORONTO DOMINION BANK 0.02% of their portfolio | 914.8k $9.7m | Reduced -61.0k |
| Nokomis Capital, L.L.C. 4.05% of their portfolio | 912.7k $9.7m | Added +52.7k |
| CoreCommodity Management, LLC 1.49% of their portfolio | 851.6k $9.0m | Added +343.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 833.2k $8.8m | Added +60.9k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 811.1k $8.6m | Added +772.8k |
| UBS Group AG 0.00% of their portfolio | 784.0k $8.3m | Added +463.7k |
| Goehring & Rozencwajg Associates, LLC 1.26% of their portfolio | 778.1k $8.3m | Reduced -19.6k |
| Swiss National Bank 0.00% of their portfolio | 759.9k $8.0m | Reduced -8.1k |
| BlackRock, Inc. 0.00% of their portfolio | 662.1k $7.0m | Added +7.1k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 647.8k $6.9m | New |
| Wealth High Governance Capital Ltda 2.04% of their portfolio | 620.9k $6.6m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 619.7k $6.5m | Reduced -39.2k |
| 1832 Asset Management L.P. 0.01% of their portfolio | 568.0k $6.0m | Added +142.0k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 560.8k $6.0m | Added +501.7k |
| Lumbard & Kellner, LLC 2.47% of their portfolio | 533.2k $5.7m | Reduced -4.6k |
| SummitTX Capital, L.P. 0.23% of their portfolio | 485.3k $5.1m | Reduced -110.0k |
| Legal & General Group Plc 0.00% of their portfolio | 416.4k $4.4m | Added +12.6k |
| Orchard Capital Management, LLC 4.82% of their portfolio | 410.8k $4.4m | Reduced -310.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 388.5k $4.1m | Reduced -51.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 386.3k $4.1m | Added +151.2k |
| Cumberland Partners Ltd 0.27% of their portfolio | 364.7k $3.9m | Unchanged |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.10% of their portfolio | 363.8k $3.9m | Added +337.8k |
| PDT Partners, LLC 0.21% of their portfolio | 357.7k $3.8m | Reduced -46.6k |
| Clearbridge Investments, LLC 0.00% of their portfolio | 349.9k $3.7m | Reduced -2.7k |
| FMR LLC 0.00% of their portfolio | 332.9k $3.5m | Reduced -12.2k |
| Vident Advisory, LLC 0.04% of their portfolio | 327.8k $3.5m | Added +16.5k |
| Northwest & Ethical Investments L.P. 0.08% of their portfolio | 306.7k $3.3m | Added +83.2k |
| Amundi 0.00% of their portfolio | 301.4k $3.3m | Added +300.9k |
| Nuveen, LLC 0.00% of their portfolio | 295.7k $3.1m | Reduced -44.2k |
| Amitell Capital Pte Ltd 1.59% of their portfolio | 266.6k $2.8m | Unchanged |
| Heathbridge Capital Management Ltd. 1.12% of their portfolio | 263.8k $2.8m | Reduced -7.7k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 262.9k $2.8m | New |
| SPROTT INC. 0.14% of their portfolio | 260.8k $2.8m | Added +197.2k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 259.5k $2.8m | Reduced -10.3k |
| EASTERLY INVESTMENT PARTNERS LLC 0.19% of their portfolio | 245.3k $2.6m | Added +38.9k |
| Trexquant Investment LP 0.03% of their portfolio | 241.8k $2.6m | Reduced -400.0k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio | 239.7k $2.5m | Added +17.3k |
| Tidal Investments LLC 0.02% of their portfolio | 238.3k $2.5m | Added +10.8k |