Courage Capital Management’s Pan American Silver PAAS Stock Holding History

Courage Capital Management’s Portfolio PAAS Stock Details PAAS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-174,048	Closed	-$830K	–	27
2015 Q3	$830K	Buy	174,048 +114,048	+190%	+$779K	0.63%	26
2015 Q2	$515K	Buy	+60,000	New	+$565K	0.28%	27
2015 Q1	–	Sell	-150,000	Closed	-$1.38M	–	33
2014 Q4	$1.38M	Buy	+150,000	New	+$1.5M	1.55%	18
2014 Q1	–	Sell	-350,000	Closed	-$4.09M	–	27
2013 Q4	$4.09M	Buy	350,000 +225,419	+181%	+$2.4M	1.43%	15
2013 Q3	$1.31M	Sell	124,581 -75,419	-38%	-$918K	0.6%	27
2013 Q2	$2.33M	Buy	+200,000	New	+$2.55M	0.9%	23

Other funds holding PAAS

VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

TAM

Tocqueville Asset Management New York $7.56B AUM 44.87% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada $52.8B AUM 58.98% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $344B AUM 42.99% 1-Year Est. Return

Ninety One (UK) London, United Kingdom $44.7B AUM 17.24% 1-Year Est. Return

USAA

United Services Automobile Association San Antonio, Texas $1.24B AUM 2.91% 1-Year Est. Return

RRAM

River Road Asset Management Louisville, Kentucky $8.99B AUM 12.83% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Courage Capital Management's PAAS Position: Q4 2015 in Review

Courage Capital Management sold out of Pan American Silver (PAAS) in Q4 2015, closing a stake of 174,048 shares — an estimated $830K sold.

Courage Capital Management first reported a position in PAAS in Q2 2013 and held it in 6 quarters. The position peaked at $4.09M in Q4 2013. 167 funds tracked by Wall St. Rank hold PAAS as of Q4 2015.

Courage Capital Management reported no remaining Pan American Silver position as of Q4 2015 after selling out during the quarter.
Courage Capital Management sold 174,048 Pan American Silver shares in Q4 2015, an estimated $830K.
Courage Capital Management first reported a position in Pan American Silver in Q2 2013 and held it in 6 quarters.
Courage Capital Management's Pan American Silver position peaked at $4.09M in Q4 2013.
167 funds tracked by Wall St. Rank held Pan American Silver as of Q4 2015.

Based on Courage Capital Management's 13F filing for Q4 2015, filed 12 Feb 2016.