Hybrid language models that mix attention and recurrent layers have shown promise: theoretically, recurrent layers ameliorate the limitations of pure transformers on state tracking, and empirically, hybrids can outperform pure transformers in loss and downstream evaluations \citep{waleffe2024empirical,merrill2026olmohybrid}. Yet it remains unclear which data or capabilities drive these gains, and to what degree they reflect the theoretical advantages motivating hybrid models. We address this question using the open weights from Olmo 3 \citep{olmo2025olmo3} and Olmo Hybrid \citep{merrill2026olmohybrid}: we compare the loss of a matched transformer and hybrid at the same target tokens under the same prefixes, stratifying the results by natural token tags, copy features, delimiter structure, and controlled synthetic probes. The hybrid has lower loss on most tag families, but the gains are not uniform: they are largest for open-class content words and smaller for many closed-class function words. Across prose, code, and markup, the hybrid's loss advantage is larger on opening delimiters than on the corresponding closing delimiters, and nearly vanishes on repeated $n$-grams. Synthetic probes show the same split: the hybrid is favored on pronoun-memory and entity-tracking tasks, whereas the transformer is favored on bracket-matching tasks that require choosing closing delimiters. These patterns suggest that the recurrent layers in hybrids improve predictions that leverage the semantic state of a document, whereas attention helps on tokens predictable by $n$-gram copying or syntactic bracket matching. We conclude with proof-of-concept filtered evaluations showing how token-level decompositions can sharpen pretraining diagnostics for hybrid architectures.

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