ROYAL BANK OF CANADA

Bank

CIK

1000275

City

TORONTO

State / Country

Stock

HBM — Hudbay Minerals Inc.

Top Portfolio Positions

4,538 positions · $467,584,885,003 total · as of Mar 31, 2026

Ticker	Company	Shares	Value (USD)	% of Portfolio
AAPL	Apple Inc. Technology	68,105,349	$17,284,456,516	3.70%
NVDA	Nvidia Corp Technology	99,020,851	$17,269,236,408	3.69%
SPY	Spdr S&P 500 ETF Trust	26,509,233	$17,240,014,580	3.69%
MSFT	Microsoft Corp Technology	37,816,179	$13,998,414,972	2.99%
RY	Royal Bank Of Canada Financial Services	73,050,835	$11,818,164,079	2.53%
TD	Toronto Dominion Bank Financial Services	119,089,618	$11,112,252,248	2.38%
GOOGL	Alphabet Inc. Communication Services	35,639,564	$10,248,513,015	2.19%
AMZN	Amazon Com Inc Consumer Cyclical	47,665,317	$9,927,255,560	2.12%
BMO	Bank Of Montreal /Can/ Financial Services	58,547,042	$7,923,756,660	1.69%
AVGO	Broadcom Inc. Technology	23,827,553	$7,374,865,920	1.58%

Portfolio Trend

25 quarters · across all stocks

Holdings in HBM

Compact Export CSV

Shares Held

Position Value (USD)

50 quarters on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$172,525,965	8,254,831	+7.8%	Shares	Defined	2026-05-15
2025-12-31	$151,999,566	7,657,409	+6558.6%	Shares	Defined	2026-02-17
2025-09-30	$1,743,400	115,000	-98.2%	Call	Defined	2025-11-14
2025-09-30	$99,199,200	6,543,483	+16258.7%	Shares	Defined	2025-11-14
2025-09-30	$606,400	40,000	-60.0%	Put	Defined	2025-11-14
2025-06-30	$1,061,000	100,000	-41.2%	Put	Defined	2025-11-21
2025-06-30	$1,803,700	170,000	-97.2%	Call	Defined	2025-11-21
2025-06-30	$64,538,091	6,082,761	+1589.7%	Shares	Defined	2025-11-21
2025-03-31	$2,732,400	360,000	-91.2%	Call	Defined	2025-11-21
2025-03-31	$30,906,030	4,071,941	+2708.2%	Shares	Defined	2025-11-21
2025-03-31	$1,100,550	145,000	-68.1%	Put	Defined	2025-11-21
2024-12-31	$3,685,500	455,000	-92.1%	Call	Defined	2025-02-14
2024-12-31	$46,637,181	5,757,677	+11.4%	Shares	Defined	2025-02-14
2024-09-30	$47,496,169	5,168,245	+2693.6%	Shares	Defined	2024-11-14
2024-09-30	$1,700,150	185,000	+270.0%	Call	Defined	2024-11-14
2024-09-30	$459,500	50,000	-98.9%	Put	Defined	2024-11-14
2024-06-30	$42,637,734	4,711,352	+76.6%	Shares	Defined	2024-11-06
2024-03-31	$18,672,150	2,667,450	+3071.8%	Shares	Defined	2024-11-05
2024-03-31	$588,700	84,100	+110.2%	Call	Defined	2024-11-05
2024-03-31	$280,000	40,000	-97.6%	Put	Defined	2024-11-05
2023-12-31	$9,278,118	1,680,819	+1153.4%	Shares	Defined	2024-02-14
2023-12-31	$740,232	134,100	+235.2%	Call	Defined	2024-02-14
2023-12-31	$220,800	40,000	-73.3%	Put	Defined	2024-02-14
2023-09-30	$730,500	150,000	+9275.0%	Call	Defined	2023-11-14
2023-09-30	$7,792	1,600	-99.9%	Put	Defined	2023-11-14
2023-09-30	$6,111,205	1,254,868	+78329.2%	Shares	Defined	2023-11-14
2023-06-30	$7,680	1,600	-98.5%	Put	Defined	2023-08-14
2023-06-30	$528,000	110,000	-90.3%	Call	Defined	2023-08-14
2023-06-30	$5,470,433	1,139,674	+4.5%	Shares	Defined	2023-08-14
2023-03-31	$5,723,281	1,090,149	+3059.9%	Shares	Defined	2023-05-15
2023-03-31	$181,125	34,500	-98.0%	Call	Defined	2023-05-15
2022-12-31	$8,858,631	1,747,265	+47.6%	Shares	Defined	2023-02-14
2022-09-30	$4,769,503	1,183,500	+41.0%	Shares	Defined	2022-11-14
2022-06-30	$3,423,737	839,152	-62.0%	Shares	Defined	2022-08-15
2022-03-31	$17,320,403	2,206,421	+1125.8%	Shares	Defined	2022-05-16
2022-03-31	$1,413,000	180,000	-62.5%	Put	Defined	2022-05-16
2022-03-31	$3,768,000	480,000	-72.1%	Call	Defined	2022-05-16
2021-12-31	$12,479,634	1,721,329	+878.0%	Shares	Defined	2022-02-14
2021-09-30	$1,096,480	176,000	-88.1%	Call	Defined	2021-11-15
2021-09-30	$9,189,353	1,475,017	+896.6%	Shares	Defined	2021-11-15
2021-09-30	$922,040	148,000	-43.1%	Put	Defined	2021-11-15
2021-06-30	$1,731,600	260,000	-78.7%	Put	Defined	2021-08-16
2021-06-30	$8,125,200	1,220,000	-50.1%	Call	Defined	2021-08-16
2021-06-30	$16,289,506	2,445,872	+37.4%	Shares	Defined	2021-08-16
2021-03-31	$12,233,605	1,780,729	+1852.6%	Shares	Defined	2021-07-20
2020-12-31	$638,400	91,200	-95.5%	Put	Defined	2021-02-16
2020-12-31	$14,147,644	2,021,092	-38.1%	Shares	Defined	2021-02-16
2020-09-30	$13,810,343	3,264,857	+3479.9%	Shares	Defined	2020-11-16
2020-09-30	$385,776	91,200	-97.5%	Put	Defined	2020-11-16
2020-06-30	$11,062,251	3,650,909	—	Shares	Defined	2020-08-14
No 13F history on record for this holder in this stock.