Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in HBM held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | FIL Ltd | 30.6M | $640.9M | -7.6% | 7.713% | 0.50% |
| 2 | GMT CAPITAL CORP | 21.9M | $457.2M | -11.1% | 5.520% | 20.86% |
| 3 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 17.7M | $370.1M | +42.3% | 4.468% | 0.50% |
| 4 | Hancock Prospecting Pty Ltd | 15.9M | $333.2M | +9.3% | 4.003% | 10.01% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 11.0M | $230.5M | — | 2.774% | 0.01% |
| 6 | MACKENZIE FINANCIAL CORP | 10.8M | $225.6M | +5.9% | 2.715% | 0.27% |
| 7 | CIBC Asset Management Inc | 10.2M | $214.1M | +1856.8% | 2.579% | 0.52% |
| 8 | DIMENSIONAL FUND ADVISORS LP | 9.7M | $202.7M | -12.8% | 2.445% | 0.04% |
| 9 | BANK OF MONTREAL /CAN/ | 9.1M | $191.0M | +22.7% | 2.298% | 0.07% |
| 10 | ROYAL BANK OF CANADA | 8.3M | $172.5M | +7.8% | 2.080% | 0.03% |
| 11 | Connor, Clark & Lunn Investment Management Ltd. | 7.0M | $145.9M | -21.1% | 1.756% | 0.34% |
| 12 | MORGAN STANLEY | 6.8M | $142.6M | -9.4% | 1.719% | 0.01% |
| 13 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 6.7M | $141.1M | -28.7% | 1.700% | 0.08% |
| 14 | FMR LLC | 6.6M | $138.5M | -6.7% | 1.667% | 0.01% |
| 15 | AMERICAN CENTURY COMPANIES INC | 6.4M | $134.0M | -0.9% | 1.612% | 0.07% |
| 16 | Invesco Ltd. | 6.4M | $133.0M | -32.3% | 1.604% | 0.02% |
| 17 | BANK OF NOVA SCOTIA | 5.4M | $113.6M | -29.1% | 1.369% | 0.20% |
| 18 | MILLENNIUM MANAGEMENT LLC | 5.0M | $105.5M | +319.2% | 1.272% | 0.07% |
| 19 | PICTON MAHONEY ASSET MANAGEMENT | 4.8M | $99.6M | -5.5% | 1.199% | 1.00% |
| 20 | VANGUARD FIDUCIARY TRUST CO | 3.3M | $69.9M | — | 0.842% | 0.02% |
| 21 | NATIONAL BANK OF CANADA /FI/ | 2.8M | $57.6M | -24.0% | 0.698% | 0.06% |
| 22 | EdgePoint Investment Group Inc. | 2.7M | $57.5M | -14.0% | 0.692% | 0.46% |
| 23 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 2.4M | $50.7M | +16.1% | 0.611% | 0.04% |
| 24 | TD ASSET MANAGEMENT INC | 2.3M | $48.7M | +10.0% | 0.588% | 0.04% |
| 25 | VOLORIDGE INVESTMENT MANAGEMENT, LLC | 2.3M | $48.0M | +66.0% | 0.578% | 0.19% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in HBM — a direct measure of their conviction.
Filings activity in HBM during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 289 | +7.4% | 53.58% | +1.42 pp | $5.92B | +2.7% |
| Q4 2025 | 269 | +4.3% | 52.16% | +14.54 pp | $5.76B | +39% |
| Q3 2025 | 258 | +11% | 37.62% | +10.64 pp | $4.15B | +39% |
| Q2 2025 | 233 | +14% | 26.98% | +11.63 pp | $2.98B | +76% |
| Q1 2025 | 205 | 6.8% | 15.35% | 3.73 pp | $1.70B | 20% |
| Q4 2024 | 220 | +5.8% | 19.08% | 1.19 pp | $2.11B | 5.9% |
| Q3 2024 | 208 | +1.5% | 20.27% | 56.24 pp | $2.24B | 74% |
| Q2 2024 | 205 | — | 76.51% | — | $8.45B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying HBM stock.
Based on Q1 2026 13F filings, institutional ownership of Hudbay Minerals Inc. stands at 53.6%, held across 289 reporting institutions.
FIL Ltd is the largest reported institutional holder of HBM, with approximately 30,607,132 shares worth $0.64B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of HBM, including MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for HBM is 61 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
73 institutions opened new positions in HBM during Q1 2026, while 53 fully exited. 119 added to existing positions and 96 trimmed.
HBM institutional ownership rose by 1.42 percentage points quarter-over-quarter, with a net change of +20 holders.
The top 10 institutions account for 51.4% of all reported 13F value in HBM, and the top 25 account for 76.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Hudbay Minerals Inc. (HBM) Institutional Ownership