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 ($27.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.06. Options: 15 managers hold calls ($152.5m notional), 13 hold puts ($37.9m).
Trends to Q2 2026
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 |
| Q3 2025 | 263 |
| Q4 2025 | 273 |
| Q1 2026 | 295 |
| Q2 2026 | 319 |
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 2024 | 119 | 102 |
| Q4 2024 | 131 | 85 |
| Q1 2025 | 108 | 107 |
| Q2 2025 | 134 | 108 |
| Q3 2025 | 146 | 128 |
| Q4 2025 | 130 | 150 |
| Q1 2026 | 148 | 156 |
| Q2 2026 | 195 | 131 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $83.8m | $14.2m | 0.17 |
| Q4 2025 | $54.7m | $8.6m | 0.16 |
| Q1 2026 | $105.3m | $34.8m | 0.33 |
| Q2 2026 | $152.5m | $37.9m | 0.25 |
Biggest buyers
| L1 Capital Pty Ltd | New | +10.0m |
| ROYAL BANK OF CANADA | Added | +6.6m |
| Castle Hook Partners LP | New | +5.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +4.8m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +4.2m |
| GLAZER CAPITAL, LLC | New | +3.6m |
| MACKENZIE FINANCIAL CORP | Added | +2.3m |
| BANK OF AMERICA CORP /DE/ | Added | +2.2m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +2.2m |
| Bornite Capital Management LP | New | +2.1m |
Biggest sellers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -6.7m |
| BANK OF NOVA SCOTIA | Reduced | -5.4m |
| GMT Capital Corp | Reduced | -3.6m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.0m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -3.0m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -2.8m |
| FIL Ltd | Reduced | -2.3m |
| D. E. Shaw & Co., Inc. | Reduced | -1.5m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -1.5m |
| CIBC Asset Management Inc | Reduced | -1.4m |
Biggest calls
| CIBC WORLD MARKET INC. | New | $36.6m1.6m shares |
| PICTON MAHONEY ASSET MANAGEMENT | Added | $35.3m1.5m shares |
| JANE STREET GROUP, LLC | Added | $26.9m1.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.5m654.4k shares |
| SIG North Trading, ULC | Added | $9.5m402.4k shares |
| Point72 Asset Management, L.P. | Added | $6.5m277.0k shares |
| CITADEL ADVISORS LLC | Added | $4.5m189.6k shares |
| IMC-Chicago, LLC | Added | $4.4m187.6k shares |
| GROUP ONE TRADING LLC | Reduced | $3.4m144.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.0m127.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.1m469.7k shares |
| SIG North Trading, ULC | Added | $5.3m226.2k shares |
| JANE STREET GROUP, LLC | Reduced | $5.1m216.9k shares |
| GROUP ONE TRADING LLC | Added | $4.2m178.8k shares |
| IMC-Chicago, LLC | Added | $3.2m136.9k shares |
| SIMPLEX TRADING, LLC | Added | $3.0m126.1k shares |
| Caption Management, LLC | New | $1.9m82.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.3m53.4k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $927.9k39.3k shares |
| Twin Tree Management, LP | Added | $850.0k36.0k 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 since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| FIL Ltd 0.48% of their portfolio | 28.3m $668.3m | Reduced -2.3m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.56% of their portfolio | 19.9m $470.2m | Added +2.2m |
| GMT Capital Corp 22.49% of their portfolio | 18.3m $431.5m | Reduced -3.6m |
| Hancock Prospecting Pty Ltd 6.55% of their portfolio | 15.9m $374.4m | Unchanged |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 14.8m $349.7m | Added +6.6m |
| MACKENZIE FINANCIAL CORP 0.43% of their portfolio | 13.0m $436.4m | Added +2.3m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 12.4m $293.1m | Added +1.4m |
| L1 Capital Pty Ltd 7.92% of their portfolio | 10.0m $235.5m | New |
| BANK OF MONTREAL /CAN/ 0.08% of their portfolio | 9.4m $221.5m | Added +1.3m |
| CIBC Asset Management Inc 0.46% of their portfolio | 8.9m $209.4m | Reduced -1.4m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 8.2m $193.8m | Reduced -1.5m |
| ACADIAN ASSET MANAGEMENT LLC 0.22% of their portfolio | 7.8m $183.0m | Reduced -3.0m |
| MORGAN STANLEY 0.01% of their portfolio | 7.6m $178.6m | Added +743.8k |
| FMR LLC 0.01% of their portfolio | 7.5m $176.2m | Added +844.5k |
| Castle Hook Partners LP 1.49% of their portfolio | 5.9m $139.5m | New |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 5.8m $137.2m | Reduced -589.6k |
| NORGES BANK 0.01% of their portfolio | 5.7m $135.2m | Not comparable |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 5.5m $130.6m | Added +4.8m |
| Invesco Ltd. 0.01% of their portfolio | 5.1m $119.6m | Reduced -1.3m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.30% of their portfolio | 4.2m $99.5m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.19% of their portfolio | 4.2m $99.0m | Reduced -2.8m |
| PICTON MAHONEY ASSET MANAGEMENT 0.90% of their portfolio | 4.2m $97.9m | Added +396.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 4.1m $96.3m | Added +2.2m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio | 3.9m $91.6m | Added +1.5m |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 3.8m $88.6m | Added +411.8k |
| GLAZER CAPITAL, LLC 2.07% of their portfolio | 3.6m $83.8m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.4m $80.1m | Added +1.8m |
| VAN ECK ASSOCIATES CORP 0.05% of their portfolio | 3.2m $74.9m | Added +1.3m |
| Oxbow Capital Management (HK) Ltd 19.63% of their portfolio | 3.0m $69.6m | Added +2.0m |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.61% of their portfolio | 2.9m $69.3m | Added +1.8m |
| Artemis Investment Management LLP 0.60% of their portfolio | 2.9m $67.3m | Added +1.2m |
| TD Asset Management Inc 0.05% of their portfolio | 2.6m $62.4m | Added +310.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.6m $61.4m | Reduced -1.2m |
| Man Group plc 0.10% of their portfolio | 2.4m $56.2m | Added +195.5k |
| EdgePoint Investment Group Inc. 0.39% of their portfolio | 2.2m $51.5m | Reduced -564.4k |
| Bornite Capital Management LP 6.34% of their portfolio | 2.1m $50.4m | New |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 2.0m $48.2m | Reduced -3.0m |
| Addenda Capital Inc. 1.70% of their portfolio | 1.9m $62.7m | Added +1.3m |
| TORONTO DOMINION BANK 0.07% of their portfolio | 1.8m $43.5m | Added +534.7k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 1.7m $39.0m | Reduced -1.1m |
| CastleKnight Management LP 1.31% of their portfolio | 1.5m $35.9m | Added +444.1k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 1.5m $30.5m | Reduced -910 |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 1.4m $33.5m | Added +228.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 1.4m $31.9m | Reduced -942.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 1.3m $31.4m | Reduced -424.3k |
| Temasek Holdings (Private) Ltd 0.08% of their portfolio | 1.3m $29.9m | Added +131.1k |
| Amundi 0.01% of their portfolio | 1.2m $29.2m | Added +159.2k |
| Robeco Schweiz AG 0.46% of their portfolio | 1.2m $28.9m | Added +322.0k |
| CIBC WORLD MARKET INC. 0.05% of their portfolio | 1.2m $28.5m | Added +338.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.1m $26.5m | Reduced -199.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.1m $26.1m | Added +1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.0m $24.5m | New |
| UBS Group AG 0.00% of their portfolio | 945.6k $22.3m | Added +134.9k |
| Regal Partners Ltd 1.18% of their portfolio | 904.1k $21.3m | Added +175.2k |
| Caisse de depot et placement du Quebec 0.03% of their portfolio | 873.8k $20.6m | Added +123.5k |
| BARCLAYS PLC 0.01% of their portfolio | 871.7k $20.6m | Added +647.7k |
| Swiss National Bank 0.01% of their portfolio | 851.2k $20.0m | Added +67.5k |
| Robeco Institutional Asset Management B.V. 0.02% of their portfolio | 822.2k $19.4m | Added +169.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 820.7k $19.4m | Added +25.5k |
| Quadrature Capital Ltd 0.17% of their portfolio | 818.1k $19.3m | Added +270.5k |
| LETKO, BROSSEAU & ASSOCIATES INC 0.28% of their portfolio | 809.0k $19.1m | Reduced -288.3k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.12% of their portfolio | 790.7k $18.7m | Added +451.4k |
| ALPS ADVISORS INC 0.09% of their portfolio | 785.1k $18.5m | Reduced -83.7k |
| Nokomis Capital, L.L.C. 6.72% of their portfolio | 775.7k $18.3m | Added +322.0k |
| 1832 Asset Management L.P. 0.02% of their portfolio | 745.7k $17.6m | Added +390.5k |
| Thomist Capital Management, LP 6.38% of their portfolio | 734.2k $17.3m | New |
| AGF MANAGEMENT LTD 0.07% of their portfolio | 719.7k $17.0m | Added +53.1k |
| Legal & General Group Plc 0.00% of their portfolio | 671.2k $15.8m | Added +268.8k |
| INTACT INVESTMENT MANAGEMENT INC. 0.45% of their portfolio | 669.5k $15.8m | Added +26.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 658.1k $15.5m | Reduced -128.2k |
| Federation des caisses Desjardins du Quebec 0.05% of their portfolio | 657.4k $15.5m | Added +412.3k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 616.1k $14.5m | Added +266.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 576.7k $13.6m | New |
| BlackRock, Inc. 0.00% of their portfolio | 576.7k $13.6m | Added +602 |
| Triasima Portfolio Management inc. 1.80% of their portfolio | 563.5k $13.3m | Reduced -9.7k |
| OMERS ADMINISTRATION Corp 0.08% of their portfolio | 534.4k $12.6m | New |
| Ceredex Value Advisors LLC 0.35% of their portfolio | 527.6k $12.5m | Reduced -102.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 520.7k $12.5m | Added +233.2k |
| Lumbard & Kellner, LLC 3.72% of their portfolio | 519.8k $12.3m | Added +449 |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 519.3k $12.3m | Reduced -20.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.02% of their portfolio | 518.2k $12.2m | Reduced -65.6k |
| TD Waterhouse Canada Inc. 0.03% of their portfolio | 489.0k $11.1m | Added +26.8k |
| PCJ Investment Counsel Ltd. 3.22% of their portfolio | 475.2k $11.2m | Added +313.6k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 472.1k $11.1m | Added +471.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 467.0k $11.0m | Added +385.4k |
| GUARDIAN CAPITAL LP 0.26% of their portfolio | 452.1k $10.7m | Reduced -1.7k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 434.7k $10.3m | Added +328.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 428.9k $10.1m | Reduced -553.5k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 422.6k $10.0m | Added +61.2k |
| Hillsdale Investment Management Inc. 0.22% of their portfolio | 414.2k $9.8m | Reduced -176.0k |
| BAROMETER CAPITAL MANAGEMENT INC. 3.70% of their portfolio | 398.1k $13.3m | Added +364.3k |
| PINEBRIDGE INVESTMENTS LLC 0.10% of their portfolio | 376.3k $12.6m | Reduced -12.2k |
| Bridgewater Associates, LP 0.03% of their portfolio | 359.9k $8.5m | Reduced -259.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 348.0k $8.2m | Added +59.1k |
| Nuveen, LLC 0.00% of their portfolio | 330.4k $7.8m | Added +34.8k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 319.2k $7.5m | New |
| Mudita Advisors LLP 1.56% of their portfolio | 317.4k $7.5m | Unchanged |
| Tidal Investments LLC 0.02% of their portfolio | 311.2k $7.2m | Reduced -52.0k |
| CREDIT AGRICOLE S A 0.02% of their portfolio | 302.2k $7.1m | Added +50.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 298.9k $7.1m | Reduced -1.5m |