Hudbay Minerals Inc.
US ˙ NYSE ˙ CA4436281022

SecurityHBM / Hudbay Minerals Inc.
InstitutionMacquarie Group Ltd
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Macquarie Group Ltd closes position in HBM / Hudbay Minerals Inc.

On February 13, 2026 - Macquarie Group Ltd filed a 13F-HR form disclosing ownership of 0 shares of Hudbay Minerals Inc. (US:HBM) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 1,073,021 shares of Hudbay Minerals Inc.. This represents a change in shares of -100.00% during the quarter. The current value of the position is $0 USD.

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)
2026-02-13 2025-12-31 13F HUDBAY MINERALS COM 443628102 0 -1,073,021 -100.00 0 -100.00
2025-11-13 2025-09-30 13F HUDBAY MINERALS COM 443628102 1,073,021 -371,513 -25.72 16,267 6.13 0.0190
2025-08-14 2025-06-30 13F HUDBAY MINERALS COM 443628102 1,444,534 -64,190 -4.25 15,326 33.84 0.0188
2025-08-14 2025-03-31 13F/A-1 HUDBAY MINERALS COM 443628102 1,508,724 -37,303 -2.41 11,452 -8.51 0.0142
2025-05-15 2025-03-31 13F HUDBAY MINERALS COM 443628102 1,508,724 -37,303 11,452 0.0094
2025-02-14 2024-12-31 13F HUDBAY MINERALS COM 443628102 1,546,027 226,682 17.18 12,516 3.23 0.0152
2024-11-14 2024-09-30 13F HUDBAY MINERALS COM 443628102 1,319,345 -9,918 -0.75 12,125 0.79 0.0131
2024-08-09 2024-06-30 13F HUDBAY MINERALS COM 443628102 1,329,263 -365,126 -21.55 12,030 1.42 0.0138
2024-05-14 2024-03-31 13F HUDBAY MINERALS COM 443628102 1,694,389 -148,957 -8.08 11,861 16.56 0.0135
2024-02-14 2023-12-31 13F HUDBAY MINERALS COM 443628102 1,843,346 -52,134 -2.75 10,175 10.23 0.0118
2023-11-14 2023-09-30 13F HUDBAY MINERALS COM 443628102 1,895,480 43,341 2.34 9,232 3.84 0.0116
2023-10-27 2023-06-30 13F/A-2 HUDBAY MINERALS COM 443628102 1,852,139 12,961 0.70 8,890 -7.91 0.0102
2023-10-12 2023-06-30 13F/A-1 HUDBAY MINERALS COM 443628102 1,852,139 12,961 8,890 0.0089
2023-08-14 2023-06-30 13F HUDBAY MINERALS COM 443628102 1,852,139 12,961 8,890 0.0090
2023-06-01 2023-03-31 13F/A-1 HUDBAY MINERALS COM 443628102 1,839,178 -205,235 -10.04 9,655 -6.85 0.0115
2023-05-15 2023-03-31 13F HUDBAY MINERALS COM 443628102 1,839,178 -205,235 9,655 0.0089
2023-02-21 2022-12-31 13F HUDBAY MINERALS COM 443628102 2,044,413 105,073 5.42 10,364 32.60 0.0122
2022-11-14 2022-09-30 13F HUDBAY MINERALS COM 443628102 1,939,340 -62,375 -3.12 7,816 -4.30 0.0096
2022-08-17 2022-06-30 13F/A-1 HUDBAY MINERALS COM 443628102 2,001,715 775,740 63.28 8,167 -15.14 0.0092
2022-08-15 2022-06-30 13F HUDBAY MINERALS COM 443628102 2,001,715 775,740 8,167 0.0029
2022-05-16 2022-03-31 13F HUDBAY MINERALS COM 443628102 1,225,975 49,582 4.21 9,624 12.84 0.0073
2022-02-11 2021-12-31 13F HUDBAY MINERALS COM 443628102 1,176,393 1,020,589 655.05 8,529 778.37 0.0071
2021-11-12 2021-09-30 13F HUDBAY MINERALS COM 443628102 155,804 20,136 14.84 971 7.53 0.0008
2021-08-13 2021-06-30 13F HUDBAY MINERALS COM 443628102 135,668 -96,650 -41.60 903 -43.39 0.0007
2021-05-14 2021-03-31 13F HUDBAY MINERALS COM 443628102 232,318 -39,898 -14.66 1,595 -16.27 0.0023
2021-02-16 2020-12-31 13F HUDBAY MINERALS COM 443628102 272,216 -45,037 -14.20 1,905 41.95 0.0028
2020-11-13 2020-09-30 13F HUDBAY MINERALS COM 443628102 317,253 -402,544 -55.92 1,342 -38.36 0.0023
2020-08-11 2020-06-30 13F HUDBAY MINERALS COM 443628102 719,797 64,309 9.81 2,177 75.99 0.0037
2020-05-15 2020-03-31 13F HUDBAY MINERALS COM 443628102 655,488 150,310 29.75 1,237 -40.98 0.0025
2020-03-18 2019-12-31 13F/A-2 HUDBAY MINERALS COM 443628102 505,178 302,688 149.48 2,096 186.73 0.0030
2020-02-28 2019-12-31 13F/A-1 HUDBAY MINERALS COM 443628102 505,178 0 2,096 0.0030
2020-02-14 2019-12-31 13F HUDBAY MINERALS COM 443628102 505,178 302,688 2,096 2,630.3024
2019-11-14 2019-09-30 13F HUDBAY MINERALS COM 443628102 202,490 172,882 583.90 731 356.88 0.0012
2019-11-06 2019-06-30 13F/A-2 HUDBAY MINERALS COM 443628102 29,608 -5,411 -15.45 160 -36.00 0.0003
2019-09-24 2019-06-30 13F/A-1 HUDBAY MINERALS COM 443628102 29,608 0 160 0.0003
2019-08-14 2019-06-30 13F HUDBAY MINERALS COM 443628102 29,608 -5,411 160
2019-05-15 2019-03-31 13F HUDBAY MINERALS COM 443628102 35,019 3,758 12.02 250 68.92 0.0004
2019-02-15 2018-12-31 13F HUDBAY MINERALS COM 443628102 31,261 31,261 148 0.0003
2015-05-18 2015-03-31 13F HUDBAY MINERALS COMMON 443628102 0 -6,800 -100.00 0 -100.00
2015-02-17 2014-12-31 13F HUDBAY MINERALS COMMON 443628102 6,800 6,800 59 0.0001
2014-11-14 2014-09-30 13F HUDBAY MINERALS COMMON 443628102 0 -6,800 -100.00 0 0.0000
2014-08-14 2014-06-30 13F HUDBAY MINERALS COMMON 443628102 6,800 6,660 4,757.14 0 -100.00
2014-05-15 2014-03-31 13F HUDBAY MINERALS INC COM Stock 443628102 140 -6,660 -97.94 1 -98.21 0.0000
2014-02-14 2013-12-31 13F HUDBAY MINERALS INC COM Stock 443628102 6,800 0 0.00 56 0.00 0.0001
2013-11-14 2013-09-30 13F HUDBAY MINERALS INC COM Common Stock 443628102 6,800 6,660 4,757.14 56 5,500.00 0.0001
2013-08-16 2013-06-30 13F/A-1 HUDBAY MINERALS INC COM STOCK 443628102 140 140 1 0.0000
2013-08-14 2013-06-30 13F HUDBAY MINERALS INC COM STOCK 443628102 140 1 0.0000
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.