Cipher Capital’s Pan American Silver PAAS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-69,619	Closed	-$1.09M	–	604
2019 Q3	$1.09M	Buy	69,619 +33,934	+95%	+$549K	0.09%	319
2019 Q2	$461K	Buy	35,685 +1,792	+5%	+$21.6K	0.04%	397
2019 Q1	$449K	Buy	+33,893	New	+$474K	0.04%	399
2018 Q4	–	Sell	-52,627	Closed	-$777K	–	613
2018 Q3	$777K	Buy	52,627 +31,570	+150%	+$504K	0.15%	226
2018 Q2	$377K	Sell	21,057 -76,074	-78%	-$1.31M	0.08%	308
2018 Q1	$1.57M	Buy	97,131 +48,001	+98%	+$764K	0.19%	185
2017 Q4	$765K	Buy	49,130 +5,696	+13%	+$90.3K	0.06%	420
2017 Q3	$741K	Buy	43,434 +24,062	+124%	+$415K	0.06%	442
2017 Q2	$326K	Sell	19,372 -6,167	-24%	-$107K	0.03%	498
2017 Q1	$447K	Sell	25,539 -71,642	-74%	-$1.3M	0.03%	488
2016 Q4	$1.47M	Buy	97,181 +54,400	+127%	+$877K	0.1%	344
2016 Q3	$754K	Sell	42,781 -54,856	-56%	-$1.03M	0.05%	493
2016 Q2	$1.61M	Sell	97,637 -9,144	-9%	-$131K	0.11%	306
2016 Q1	$1.16M	Buy	106,781 +91,042	+578%	+$780K	0.11%	325
2015 Q4	$102K	Buy	+15,739	New	+$113K	0.01%	526
2014 Q3	–	Sell	-15,030	Closed	-$231K	–	468
2014 Q2	$231K	Buy	+15,030	New	+$199K	0.07%	356
2014 Q1	–	Sell	-11,753	Closed	-$138K	–	461
2013 Q4	$138K	Buy	+11,753	New	+$125K	0.09%	291