Driehaus Capital Management’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
2026 Q1	$46.6M	Sell	853,185 -335,747	-28%	-$19.4M	0.34%	103
2025 Q4	$61.6M	Sell	1,188,932 -835,923	-41%	-$35M	0.42%	78
2025 Q3	$78.4M	Buy	2,024,855 +337,732	+20%	+$10.9M	0.56%	49
2025 Q2	$47.9M	Sell	1,687,123 -464,064	-22%	-$12M	0.38%	85
2025 Q1	$55.6M	Buy	2,151,187 +937,126	+77%	+$22.4M	0.54%	51
2024 Q4	$24.5M	Sell	1,214,061 -913,177	-43%	-$20.4M	0.2%	152
2024 Q3	$44.4M	Buy	2,127,238 +209,939	+11%	+$4.43M	0.38%	90
2024 Q2	$38.1M	Buy	+1,917,299	New	+$37.8M	0.37%	86
2021 Q2	–	Sell	-1,762,383	Closed	-$52.9M	–	497
2021 Q1	$52.9M	Buy	1,762,383 +1,607,874	+1,041%	+$52.2M	0.78%	22
2020 Q4	$5.33M	Buy	154,509 +5,700	+4%	+$184K	0.09%	243
2020 Q3	$4.78M	Buy	148,809 +25,199	+20%	+$866K	0.1%	210
2020 Q2	$3.76M	Sell	123,610 -51,600	-29%	-$1.22M	0.09%	221
2020 Q1	$2.51M	Buy	175,210 +36,200	+26%	+$752K	0.08%	212
2019 Q4	$3.29M	Hold	139,010	–	–	0.09%	228
2019 Q3	$2.18M	Buy	+139,010	New	+$2.25M	0.07%	240
2018 Q3	–	Sell	-110,847	Closed	-$1.98M	–	520
2018 Q2	$1.98M	Buy	+110,847	New	+$1.91M	0.07%	275
2017 Q1	–	Sell	-618,977	Closed	-$9.33M	–	599
2016 Q4	$9.33M	Buy	+618,977	New	+$9.98M	0.33%	62