Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Hudbay Minerals Inc (HBM)

292 + Investors. Track Smart Money conviction in HBM. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +21
Streak
4Q ▲
Buyers last Q
49%

Smart Money Signals — HBM

Based on 292 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added HBM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
292 hedge funds hold HBM right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +40% more funds vs a year ago

fund count last 6Q
+84 new funds entered over the past year (+40% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 49% buying

157 buying164 selling
Last quarter: 164 funds reduced or exited vs 157 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new HBM position: 50 → 63 → 60 → 68. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 26% medium ■ 27% new
136 out of 292 hedge funds have held HBM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

26 → 50 → 63 → 60 → 68 new funds/Q
New funds entering each quarter: 50 → 63 → 60 → 68. A growing number of institutions are discovering HBM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 57% of holders stayed 2+ years

■ 57% veterans ■ 14% 1-2yr ■ 29% new
Of 308 current holders: 176 (57%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 42% AUM from top-100 funds

42% from top-100 AUM funds
48 of 292 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in HBM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — HBM

In 2026 Q1, 157 hedge funds were net buyers of HBM (68 opened a new position, 89 added to an existing one), while 164 reduced or exited (117 trimmed, 47 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 42% of total institutional value in HBM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +21 funds (more new holders than closures). Total institutional holders: 292.

Hedge Fund Ownership: HBM

How many hedge funds hold HBM — quarterly history vs. share price
Quarterly hedge fund ownership of HBM vs. share price

Market Analysis: HBM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HBM

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Hudbay Minerals Inc (HBM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HBM has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 75d ago
HBM
+33.1%
SPY
+14.1%

HBM outperformed SPY by +19.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
HBM
+11.5%
SPY
+0.3%

Since the filing became public, HBM outperformed SPY by +11.2% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

22 top-rated funds 5 high-conviction
Consensus
5.9
/ 10
breadth
×
Elite
4.6
/ 10
conviction
Hedge Fund Positioning: HBM
292 + Investors

Track Smart Money conviction in HBM. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 292 271 7.75%
13F Shares 298M 305M -2.34%
Total Value $5.94B $6.03B -1.54%
New Positions 68 60 +8
Increased Positions 86 75 +11
Closed Positions 47 54 -7
Reduced Positions 112 106 +6
Total Calls 10 9 11.11%
Total Puts 7 5 40.0%
PUT/CALL Ratio 0.7 0.56 Neutral

Statistics: HBM

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

292 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in HBM. Verified SEC 13F-HR filings.

QUARTER:
Top 25 HBM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Gmt Capital Corp 20.86% 21,904,820 $457.2M
2 Hancock Prospecting Pty Ltd 10.01% 15,885,729 $333.2M
3 Decade Renewable Partners LP 8.77% 1,041,116 $11.0M
4 Mountaineer Partners Management, LLC 7.33% 706,040 $14.8M
5 Oxbow Capital Management (HK) Ltd 5.54% 983,023 $20.5M
6 Global IMC LLC 5.12% 115,759 $2.4M
7 Lumbard & Kellner, LLC 3.76% 519,392 $10.9M
8 Orchard Capital Management, LLC 2.87% 131,866 $2.8M
9 Nokomis Capital, L.L.C. 2.72% 453,745 $9.5M
10 Triasima Portfolio Management inc. 1.81% 573,232 $12.0M
11 Heathbridge Capital Management Ltd. 1.39% 183,050 $3.8M
12 Mudita Advisors LLP 1.35% 317,389 $6.6M
13 SIR Capital Management, L.P. 1.26% 644,518 $13.5M
14 Louisbourg Investments INC. 1.13% 285,900 $6.0M
15 JCIC Asset Management Inc. 1.04% 161,831 $3.4M
16 PCJ Investment Counsel Ltd. 0.96% 161,660 $3.4M
17 Regal Partners Ltd 0.83% 728,828 $15.2M
18 Acasta Partners UK LLP 0.82% 102,700 $2.1M
19 Truxt Investmentos Ltda. 0.75% 56,120 $1.2M
20 Ridge Creek Global, Inc 0.73% 41,115 $859K
21 Affinity Wealth Management LLC 0.70% 221,526 $4.6M
22 Picton Mahoney Asset Management 0.58% 3,758,830 $78.7M
23 CIBC Asset Management Inc 0.52% 10,235,345 $214.1M
24 Addenda Capital Inc. 0.51% 617,158 $18.0M
25 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.50% 17,731,996 $370.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Hudbay Minerals Inc (HBM)

What does the Smart Money Trend signal show for HBM?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added HBM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for HBM?

More sellers than buyers — 49% buying: Last quarter: 164 funds reduced or exited vs 157 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for HBM holders?

Elite ownership — 42% AUM from top-100 funds: 48 of 292 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in HBM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held HBM?

47% of holders stayed for 2+ years: 136 out of 292 hedge funds have held HBM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Hudbay Minerals Inc (HBM) following the 2026 Q1 hedge fund 13F filings?

As of today, HBM has moved +11.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +11.2%. Since the quarter end (March 31, 2026), HBM has gained +33.1% vs +14.1% for SPY. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →