Who owns HBM (HBM)
Which tracked institutional funds hold HBM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HBM company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
106 tracked funds added or opened HBM while 97 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
HBM’s largest tracked holder by dollar value, FIL Ltd, sizes it at 0.5% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HBM divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 295 tracked filers holding HBM, 156 increased or opened the position and 162 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in HBM between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 41
- VANGUARD CAPITAL MANAGEMENT LLC$231M
- VANGUARD FIDUCIARY TRUST CO$70M
- JANUS HENDERSON GROUP PLC$26M
- Qube Research & Technologies Ltd$25M
- Vanguard Global Advisers, LLC$25M
- VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.$25M
Full exits 24
- VANGUARD GROUP INC$284M
- Driehaus Capital Management LLC$39M
- PRICE T ROWE ASSOCIATES INC /MD/$17M
- Goehring & Rozencwajg Associates, LLC$16M
- Carrhae Capital LLP$16M
- Wealth High Governance Capital Ltda$15M
Largest adds
- CIBC Asset Management Inc$204M
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.$122M
- MILLENNIUM MANAGEMENT LLC$82M
- Hancock Prospecting Pty Ltd$44M
- ACADIAN ASSET MANAGEMENT LLC$30M
- BANK OF MONTREAL /CAN/$27M
Largest trims
- Artemis Investment Management LLP$78M
- NORGES BANK$59M
- Invesco Ltd.$55M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$47M
- BANK OF NOVA SCOTIA$38M
- GMT Capital Corp$33M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FIL Ltd trimmed | 30,607,132 | $641M | 9.6% | 2026-Q1 |
| GMT Capital Corp trimmed | 21,904,820 | $457M | 6.8% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 17,731,996 | $370M | 5.5% | 2026-Q1 |
| Hancock Prospecting Pty Ltd added | 15,885,729 | $333M | 5.0% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 11,009,075 | $231M | 3.5% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 10,773,993 | $226M | 3.4% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 10,735,919 | $224M | 3.4% | 2026-Q1 |
| CIBC Asset Management Inc added | 10,235,345 | $214M | 3.2% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 9,700,999 | $203M | 3.0% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 8,254,831 | $173M | 2.6% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 8,072,235 | $169M | 2.5% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 6,968,781 | $146M | 2.2% | 2026-Q1 |
| MORGAN STANLEY trimmed | 6,822,625 | $143M | 2.1% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 6,747,236 | $141M | 2.1% | 2026-Q1 |
| FMR LLC trimmed | 6,534,748 | $137M | 2.0% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 6,398,893 | $134M | 2.0% | 2026-Q1 |
| Invesco Ltd. trimmed | 6,279,232 | $131M | 2.0% | 2026-Q1 |
| BANK OF NOVA SCOTIA trimmed | 5,433,750 | $114M | 1.7% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 5,046,668 | $105M | 1.6% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT trimmed | 3,758,830 | $79M | 1.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 3,791,165 | $72M | 1.1% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 3,339,516 | $70M | 1.0% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 2,768,891 | $58M | 0.9% | 2026-Q1 |
| EdgePoint Investment Group Inc. trimmed | 2,747,198 | $58M | 0.9% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 2,424,469 | $51M | 0.8% | 2026-Q1 |
| TD Asset Management Inc added | 2,334,618 | $49M | 0.7% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 2,295,496 | $48M | 0.7% | 2026-Q1 |
| NORGES BANK added | 6,041,965 | $46M | 0.7% | 2026-Q1 |
| Man Group plc trimmed | 2,185,035 | $46M | 0.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,883,698 | $39M | 0.6% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 1,877,551 | $39M | 0.6% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 1,817,836 | $38M | 0.6% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 1,755,509 | $37M | 0.5% | 2026-Q1 |
| Artemis Investment Management LLP trimmed | 1,673,054 | $35M | 0.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,587,719 | $33M | 0.5% | 2026-Q1 |
| Allianz Asset Management GmbH trimmed | 1,462,607 | $31M | 0.5% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 1,320,605 | $28M | 0.4% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 1,311,060 | $27M | 0.4% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 1,249,281 | $26M | 0.4% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC added | 1,243,668 | $26M | 0.4% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 1,204,263 | $25M | 0.4% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 1,189,733 | $25M | 0.4% | 2026-Q1 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. new | 1,185,045 | $25M | 0.4% | 2026-Q1 |
| Temasek Holdings (Private) Ltd added | 1,138,071 | $24M | 0.4% | 2026-Q1 |
| LETKO, BROSSEAU & ASSOCIATES INC trimmed | 1,097,248 | $23M | 0.3% | 2026-Q1 |
| Amundi added | 1,078,471 | $23M | 0.3% | 2026-Q1 |
| CastleKnight Management LP trimmed | 1,078,000 | $23M | 0.3% | 2026-Q1 |
| Oxbow Capital Management (HK) Ltd new | 983,023 | $21M | 0.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 982,411 | $21M | 0.3% | 2026-Q1 |
| Robeco Schweiz AG trimmed | 901,000 | $19M | 0.3% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 869,977 | $18M | 0.3% | 2026-Q1 |
| ALPS ADVISORS INC added | 868,712 | $18M | 0.3% | 2026-Q1 |
| Addenda Capital Inc. added | 617,158 | $18M | 0.3% | 2026-Q1 |
| Boston Partners | 595,447 | $17M | 0.3% | 2026-Q1 |
| UBS Group AG added | 810,607 | $17M | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 795,165 | $17M | 0.2% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 786,244 | $16M | 0.2% | 2026-Q1 |
| Swiss National Bank | 783,700 | $16M | 0.2% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 763,279 | $16M | 0.2% | 2026-Q1 |
| Caisse de depot et placement du Quebec trimmed | 750,265 | $16M | 0.2% | 2026-Q1 |
| Regal Partners Ltd added | 728,828 | $15M | 0.2% | 2026-Q1 |
| Mountaineer Partners Management, LLC trimmed | 706,040 | $15M | 0.2% | 2026-Q1 |
| AGF MANAGEMENT LTD added | 666,681 | $14M | 0.2% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. added | 652,488 | $14M | 0.2% | 2026-Q1 |
| Yaupon Capital Management LP trimmed | 652,285 | $14M | 0.2% | 2026-Q1 |
| SIR Capital Management, L.P. trimmed | 644,518 | $13M | 0.2% | 2026-Q1 |
| INTACT INVESTMENT MANAGEMENT INC. added | 643,210 | $13M | 0.2% | 2026-Q1 |
| Ceredex Value Advisors LLC added | 630,300 | $13M | 0.2% | 2026-Q1 |
| Bridgewater Associates, LP added | 619,376 | $13M | 0.2% | 2026-Q1 |
| Hillsdale Investment Management Inc. trimmed | 590,200 | $12M | 0.2% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 583,753 | $12M | 0.2% | 2026-Q1 |
| BlackRock, Inc. added | 576,083 | $12M | 0.2% | 2026-Q1 |
| Triasima Portfolio Management inc. trimmed | 573,232 | $12M | 0.2% | 2026-Q1 |
| Quadrature Capital Ltd trimmed | 547,532 | $11M | 0.2% | 2026-Q1 |
| PINEBRIDGE INVESTMENTS LLC new | 388,506 | $11M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 539,789 | $11M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC added | 532,090 | $11M | 0.2% | 2026-Q1 |
| Lumbard & Kellner, LLC trimmed | 519,392 | $11M | 0.2% | 2026-Q1 |
| TD Waterhouse Canada Inc. trimmed | 462,266 | $10M | 0.2% | 2026-Q1 |
| Nokomis Capital, L.L.C. trimmed | 453,745 | $9M | 0.1% | 2026-Q1 |
| GUARDIAN CAPITAL LP trimmed | 453,764 | $9M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 14,301,886 | $284M | 4.3% | 2025-Q4 stale |
| L1 Capital Pty Ltd trimmed | 8,379,964 | $134M | 2.0% | 2025-Q3 stale |
| Condire Management, LP added | 7,275,553 | $77M | 1.2% | 2025-Q2 stale |
| Driehaus Capital Management LLC trimmed | 1,977,986 | $39M | 0.6% | 2025-Q4 stale |
| Waratah Capital Advisors Ltd. trimmed | 3,522,351 | $37M | 0.6% | 2025-Q2 stale |
| T. Rowe Price Investment Management, Inc. trimmed | 4,304,733 | $33M | 0.5% | 2025-Q1 stale |
| Encompass Capital Advisors LLC added | 4,132,062 | $31M | 0.5% | 2025-Q1 stale |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 879,900 | $17M | 0.3% | 2025-Q4 stale |
| Goehring & Rozencwajg Associates, LLC added | 824,951 | $16M | 0.2% | 2025-Q4 stale |
| MACQUARIE GROUP LTD trimmed | 1,073,021 | $16M | 0.2% | 2025-Q3 stale |
| Carrhae Capital LLP trimmed | 802,513 | $16M | 0.2% | 2025-Q4 stale |
| Assenagon Asset Management S.A. added | 1,449,629 | $15M | 0.2% | 2025-Q2 stale |
| Wealth High Governance Capital Ltda added | 732,314 | $15M | 0.2% | 2025-Q4 stale |
| M&G PLC new | 899,304 | $14M | 0.2% | 2025-Q3 stale |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. new | 441,332 | $12M | 0.2% | 2025-Q4 stale |
| Thomist Capital Management, LP trimmed | 599,600 | $12M | 0.2% | 2025-Q4 stale |
| DECADE RENEWABLE PARTNERS LP trimmed | 1,041,116 | $11M | 0.2% | 2025-Q2 stale |
| Galibier Capital Management Ltd. trimmed | 687,008 | $10M | 0.2% | 2025-Q3 stale |
| Woodline Partners LP added | 448,553 | $9M | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.