- Quarter end
- 31 Dec 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 10 Feb 2026
- Managers listing it
- 25
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 6 listed it in both
- Shares listed
- 50,480,810
- combined, among listed positions
- Reported value
- $1.0bn
- combined, at the quarter end
Among the 92 comparable managers: 11 buyers (opened or added shares) and 19 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +2,493,083.
Managers listing HBM in Q4 2025
25 of 25 holders
Largest increases and reductions, by shares
Increases
- Acadian Asset Management LLCexisting position · 9,786,000 shares now+4,693,200
- Fidelity (FMR LLC)existing position · 7,089,254 shares now+4,125,426
- Arrowstreet Capital LPexisting position · 9,457,298 shares now+1,293,023
- Point72 Asset Management LPnew position · 998,673 shares now+998,673
- T. Rowe Price Associates Incnew position · 879,900 shares now+879,900
Reductions
- Invesco Ltdexisting position · 9,395,299 shares now-1,996,057
- Renaissance Technologies LLCexisting position · 2,191,909 shares now-1,760,100
- D. E. Shaw & Co.existing position · 2,406,336 shares now-1,211,900
- Man Group PLCexisting position · 2,745,663 shares now-1,027,994
- Walleye Capital LLCexisting position · 141,294 shares now-521,350
New positions and exits
New (5)
Exited (5)
- ExodusPoint Capital Management LPwas $11m
- Schonfeld Strategic Advisors LLCwas $11m
- Balyasny Asset Management LLCwas $2.7m
- Squarepoint Ops LLCwas $1.8m
- Verition Fund Management LLCwas $1.7m
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 1 | $53m | n.a. | n.a. |
| Q3 2013 | 1 | $65m | n.a. | n.a. |
| Q4 2013 | 1 | $102m | n.a. | n.a. |
| Q1 2014 | 1 | $97m | n.a. | n.a. |
| Q2 2014 | 2 | $222m | n.a. | n.a. |
| Q3 2014 | 2 | $120m | n.a. | n.a. |
| Q4 2014 | 2 | $123m | n.a. | n.a. |
| Q1 2015 | 2 | $120m | n.a. | n.a. |
| Q2 2015 | 2 | $122m | n.a. | n.a. |
| Q3 2015 | 2 | $54m | n.a. | n.a. |
| Q4 2015 | 2 | $86m | n.a. | n.a. |
| Q1 2016 | 2 | $82m | n.a. | n.a. |
| Q2 2016 | 2 | $112m | n.a. | n.a. |
| Q3 2016 | 2 | $53m | n.a. | n.a. |
| Q4 2016 | 1 | $63m | n.a. | n.a. |
| Q1 2017 | 3 | $92m | n.a. | n.a. |
| Q2 2017 | 2 | $40m | n.a. | n.a. |
| Q3 2017 | 4 | $70m | n.a. | n.a. |
| Q4 2017 | 5 | $101m | n.a. | n.a. |
| Q1 2018 | 5 | $151m | n.a. | n.a. |
| Q2 2018 | 5 | $86m | n.a. | n.a. |
| Q3 2018 | 2 | $32m | n.a. | n.a. |
| Q4 2018 | 2 | $40m | n.a. | n.a. |
| Q1 2019 | 2 | $51m | n.a. | n.a. |
| Q2 2019 | 3 | $41m | n.a. | n.a. |
| Q3 2019 | 1 | $937k | n.a. | n.a. |
| Q2 2020 | 1 | $1.4m | n.a. | n.a. |
| Q3 2020 | 2 | $9.9m | n.a. | n.a. |
| Q4 2020 | 4 | $114m | n.a. | n.a. |
| Q1 2021 | 3 | $109m | n.a. | n.a. |
| Q2 2021 | 2 | $55m | n.a. | n.a. |
| Q1 2022 | 1 | $736k | n.a. | n.a. |
| Q3 2022 | 1 | $347k | n.a. | n.a. |
| Q4 2022 | 4 | $27m | n.a. | n.a. |
| Q1 2023 | 4 | $42m | n.a. | n.a. |
| Q2 2023 | 4 | $42m | n.a. | n.a. |
| Q3 2023 | 5 | $23m | n.a. | n.a. |
| Q4 2023 | 3 | $9.4m | 2 | 1 |
| Q1 2024 | 4 | $16m | 2 | 2 |
| Q2 2024 | 9 | $104m | 8 | 1 |
| Q3 2024 | 6 | $61m | 6 | 1 |
| Q4 2024 | 7 | $106m | 6 | 2 |
| Q1 2025 | 5 | $67m | 4 | 2 |
| Q2 2025 | 10 | $177m | 6 | 4 |
| Q3 2025 | 8 | $387m | 6 | 3 |
| Q4 2025 | 8 | $536m | 11 | 19 |
| Q1 2026 | 12 | $641m | 18 | 15 |
| Q2 2026 | 6 | $411m | 12 | 22 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
HBM and LIN →HBM and GLW →HBM and HWM →Choose a stock to compare with HBM →
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.
Which funds own HBM, latest filings →Back to the 13F Explorer →