HubSpot, Inc.
MX ˙ BMV ˙ US4435731009
SecurityMX:HUBS / HubSpot, Inc.
InstitutionTwo Sigma Advisers, Lp
Latest Disclosed Ownership415,140 shares
Latest Disclosed Value $ 166,595,682
Two Sigma Advisers, Lp reports 21.58% decrease in ownership of HUBS / HubSpot, Inc.

On February 17, 2026 - Two Sigma Advisers, Lp filed a 13F-HR form disclosing ownership of 415,140 shares of HubSpot, Inc. (MX:HUBS) valued at $166,595,682 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 529,400 shares of HubSpot, Inc.. This represents a change in shares of -21.58% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-17 2025-12-31 13F HUBSPOT COM 443573100 415,140 -114,260 -21.58 166,596 -32.73 0.3239
2025-11-14 2025-09-30 13F HUBSPOT COM 443573100 529,400 96,485 22.29 247,653 2.77 0.4956
2025-08-14 2025-06-30 13F HUBSPOT COM 443573100 432,915 235,415 119.20 240,973 113.57 0.4938
2025-05-15 2025-03-31 13F HUBSPOT COM 443573100 197,500 66,800 51.11 112,830 23.90 0.2540
2025-02-14 2024-12-31 13F HUBSPOT COM 443573100 130,700 57,800 79.29 91,068 134.99 0.2107
2024-11-14 2024-09-30 13F HUBSPOT COM 443573100 72,900 47,900 191.60 38,754 162.84 0.0908
2024-08-14 2024-06-30 13F HUBSPOT COM 443573100 25,000 -85,300 -77.33 14,745 -78.67 0.0329
2024-05-15 2024-03-31 13F HUBSPOT COM 443573100 110,300 -59,000 -34.85 69,110 -29.69 0.1601
2024-02-14 2023-12-31 13F HUBSPOT COM 443573100 169,300 51,400 43.60 98,285 69.27 0.2301
2023-11-14 2023-09-30 13F HUBSPOT COM 443573100 117,900 -6,100 -4.92 58,066 -11.99 0.1487
2023-08-14 2023-06-30 13F HUBSPOT COM 443573100 124,000 41,900 51.04 65,979 87.44 0.1680
2023-05-15 2023-03-31 13F HUBSPOT COM 443573100 82,100 -3,700 -4.31 35,200 41.90 0.0908
2023-02-14 2022-12-31 13F HUBSPOT COM 443573100 85,800 15,300 21.70 24,807 30.27 0.0693
2022-11-14 2022-09-30 13F HUBSPOT COM 443573100 70,500 9,300 15.20 19,043 3.49 0.0551
2022-08-15 2022-06-30 13F HUBSPOT COM 443573100 61,200 2,800 4.79 18,400 -33.66 0.0522
2022-05-16 2022-03-31 13F HUBSPOT COM 443573100 58,400 -38,100 -39.48 27,736 -56.40 0.0737
2022-02-14 2021-12-31 13F HUBSPOT COM 443573100 96,500 21,300 28.32 63,608 25.11 0.1593
2021-11-15 2021-09-30 13F HUBSPOT COM 443573100 75,200 -23,700 -23.96 50,842 -11.78 0.1318
2021-08-16 2021-06-30 13F HUBSPOT COM 443573100 98,900 -68,500 -40.92 57,631 -24.20 0.1520
2021-05-17 2021-03-31 13F HUBSPOT COM 443573100 167,400 -700 -0.42 76,035 14.09 0.2089
2021-02-16 2020-12-31 13F HUBSPOT COM 443573100 168,100 -25,518 -13.18 66,642 17.78 0.1780
2020-11-16 2020-09-30 13F HUBSPOT COM 443573100 193,618 -199,363 -50.73 56,581 -35.82 0.1616
2020-09-15 2020-06-30 13F/A-1 HUBSPOT COM 443573100 392,981 -20,800 -5.03 88,165 59.98 0.2590
2020-08-14 2020-06-30 13F HUBSPOT COM 443573100 392,981 -20,800 88,165 254,767.5691
2020-05-15 2020-03-31 13F HUBSPOT COM 443573100 413,781 -66,400 -13.83 55,111 -27.59 0.2109
2020-02-14 2019-12-31 13F HUBSPOT COM 443573100 480,181 -23,500 -4.67 76,109 -0.33 0.1766
2019-11-14 2019-09-30 13F HUBSPOT COM 443573100 503,681 -162,100 -24.35 76,363 -32.74 0.1869
2019-08-14 2019-06-30 13F HUBSPOT COM 443573100 665,781 18,900 2.92 113,529 5.59 0.2825
2019-05-15 2019-03-31 13F HUBSPOT COM 443573100 646,881 285,100 78.80 107,518 136.37 0.2711
2019-02-14 2018-12-31 13F HUBSPOT COM 443573100 361,781 -6,100 -1.66 45,487 -18.09 0.1242
2018-11-14 2018-09-30 13F HUBSPOT COM 443573100 367,881 44,400 13.73 55,532 36.90 0.1355
2018-08-14 2018-06-30 13F HUBSPOT COM 443573100 323,481 129,400 66.67 40,565 92.99 0.1091
2018-05-15 2018-03-31 13F HUBSPOT COM 443573100 194,081 5,000 2.64 21,019 25.75 0.0570
2018-02-14 2017-12-31 13F HUBSPOT COM 443573100 189,081 -76,300 -28.75 16,715 -25.06 0.0451
2017-11-14 2017-09-30 13F HUBSPOT COM 443573100 265,381 -87,698 -24.84 22,305 -3.92 0.0632
2017-08-14 2017-06-30 13F HUBSPOT COM 443573100 353,079 77,198 27.98 23,215 38.97 0.0766
2017-05-15 2017-03-31 13F HUBSPOT COM 443573100 275,881 61,703 28.81 16,705 65.95 0.0548
2017-02-14 2016-12-31 13F HUBSPOT COM 443573100 214,178 63,379 42.03 10,066 15.85 0.0385
2016-11-14 2016-09-30 13F HUBSPOT COM 443573100 150,799 150,799 0.00 8,689 0.0370
2016-05-16 2016-03-31 13F HubSpot Common Stock 443573100 0 0 0 0.0000
2016-02-16 2015-12-31 13F HUBSPOT COMMON STOCK 443573100 0 -34,400 -100.00 0 -100.00
2015-11-16 2015-09-30 13F HUBSPOT COM 443573100 34,400 -15,900 -31.61 1,595 -36.05 0.0101
2016-02-09 2015-06-30 13F/A-1 HUBSPOT COMMON STOCK 443573100 50,300 50,300 208.59 2,494 355.11 0.0192
2015-08-14 2015-06-30 13F HUBSPOT COMMON STOCK 443573100 50,300 2,498
2015-05-15 2015-03-31 13F HubSpot Common Stock 443573100 0 -16,300 -100.00 0 -100.00
2016-02-09 2014-12-31 13F/A-1 HubSpot Common Stock 443573100 16,300 16,300 548 0.0044
2015-02-17 2014-12-31 13F HubSpot Common Stock 443573100 16,300 547 0.0044
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.