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Ray Dalio's Hudbay Minerals Inc. (HBM) position

Yes: as of Q1 2026, Ray Dalio holds 619K shares of HBM worth $13M (0.1% of the disclosed portfolio). Last quarter the position was increased by 329.1%. First disclosed Q3 2021.
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Current value
$13M
Shares held
619K
% of portfolio
0.1%
Est. average buy price (i)
$19.68
Quarter-end price
$20.90

Estimated trade prices

Average price in quarters with purchases
$9.82
Average prices in quarters with sales
  • Q4 2025: $16.91 (14K shares sold)
  • Q3 2025: $11.45 (6K shares sold)
  • Q2 2025: $8.33 (466K shares sold)
  • Q1 2025: $8.14 (458K shares sold)
  • Q2 2024: $8.68 (602K shares sold)
  • Q4 2023: $4.69 (248K shares sold)

HBM price vs Dalio's position

1Y 3Y 5Y MAX
Dates
$3$20$4020222023202420252026New position of 28K shares · Q3 2021. Average closing price $6.33 · Price range $5.32–$7.2528KsharespurchasedAdded 4K shares (12.9%) · Q4 2021. Average closing price $6.94 · Price range $6.05–$7.484KsharespurchasedAdded 34K shares (106.6%) · Q1 2022. Average closing price $7.76 · Price range $7.06–$8.7034KsharespurchasedNew position of 617K shares · Q3 2023. Average closing price $5.07 · Price range $4.55–$5.95617KsharespurchasedSold 248K shares (40.1%) · Q4 2023. Average closing price $4.69 · Price range $4.07–$5.72248KsharessoldAdded 574K shares (155.2%) · Q1 2024. Average closing price $5.82 · Price range $5.09–$7.00574KsharespurchasedSold 602K shares (63.8%) · Q2 2024. Average closing price $8.68 · Price range $6.98–$10.36602KsharessoldAdded 424K shares (124.2%) · Q3 2024. Average closing price $8.06 · Price range $6.79–$9.74424KsharespurchasedAdded 324K shares (42.3%) · Q4 2024. Average closing price $8.97 · Price range $7.84–$9.72324KsharespurchasedSold 458K shares (42.1%) · Q1 2025. Average closing price $8.14 · Price range $6.60–$9.58458KsharessoldSold 466K shares (73.9%) · Q2 2025. Average closing price $8.33 · Price range $6.09–$10.70466KsharessoldSold 6K shares (3.8%) · Q3 2025. Average closing price $11.45 · Price range $9.06–$15.216KsharessoldSold 14K shares (8.8%) · Q4 2025. Average closing price $16.91 · Price range $14.58–$20.2214KsharessoldAdded 475K shares (329.1%) · Q1 2026. Average closing price $23.37 · Price range $18.08–$28.33475Ksharespurchased
Average closing price · filing quarter
$23.37
Price range · filing quarter
$18.08 – $28.33
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Every quarterly change

Quarter Action Shares change Est. value change Δ Own Shares held Filing date
Q1 2026 Added +475K +$11M +329.1% 619K May 15, 2026
Q4 2025 Reduced −14K −$234K −8.8% 144K Feb 13, 2026
Q3 2025 Reduced −6K −$71K −3.8% 158K Nov 13, 2025
Q2 2025 Reduced −466K −$3.9M −73.9% 164K Aug 13, 2025
Q1 2025 Reduced −458K −$3.7M −42.1% 631K May 14, 2025
Q4 2024 Added +324K +$2.9M +42.3% 1.1M Feb 13, 2025
Q3 2024 Added +424K +$3.4M +124.2% 765K Nov 13, 2024
Q2 2024 Reduced −602K −$5.2M −63.8% 341K Aug 14, 2024
Q1 2024 Added +574K +$3.3M +155.2% 943K May 14, 2024
Q4 2023 Reduced −248K −$1.2M −40.1% 370K Feb 14, 2024
Q3 2023 New +617K +$3.1M – 617K Nov 13, 2023
Q1 2022 Added +34K +$264K +106.6% 66K May 13, 2022
Q4 2021 Added +4K +$25K +12.9% 32K Feb 14, 2022
Q3 2021 New +28K +$179K – 28K Nov 12, 2021
Data through Q1 2026 · filed May 15, 2026
14 grouped rows from 14 quarters

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Common questions

Does Ray Dalio own HBM?

Yes. As of Q1 2026, Ray Dalio disclosed 619K shares of HBM, worth $13M. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

When did Ray Dalio buy HBM?

Ray Dalio first disclosed a HBM position in Q3 2021; every quarterly buy and sell since is in the table above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

Did Ray Dalio sell HBM?

The quarter-by-quarter table above shows each sale and reduction Ray Dalio disclosed in HBM. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How many shares of HBM does Ray Dalio own?

Ray Dalio disclosed 619K shares of HBM as of Q1 2026. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

What price did Ray Dalio pay for HBM?

Ray Dalio's estimated average buy price for HBM is $19.68, from quarter-average prices weighted by the shares added each quarter. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How are the estimated trade prices calculated?

13F filings disclose quarter-end holdings, not trade dates or execution prices. These estimates use each covered quarter's average market price; the add average excludes the opening position and quarters without price data. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.