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Agnico Eagle Mines
AEM

619 hedge funds and large institutions have $16.8B invested in Agnico Eagle Mines in 2023 Q4 according to their latest regulatory filings, with 114 funds opening new positions, 196 increasing their positions, 192 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

115% more first-time investments, than exits

New positions opened: 114 | Existing positions closed: 53

93% more call options, than puts

Call options by funds: $710M | Put options by funds: $367M

67% more funds holding in top 10

Funds holding in top 10: 24 → 40 (+16)

22% more capital invested

Capital invested by funds: $13.8B → $16.8B (+$3.05B)

10% more funds holding

Funds holding: 563 → 619 (+56)

1.29% more ownership

Funds ownership: 60.69% → 61.98% (+1.3%)

2% more repeat investments, than reductions

Existing positions increased: 196 | Existing positions reduced: 192

Holders
619
Holders Change
+56
Holders Change %
+9.95%
% of All Funds
9.02%
Holding in Top 10
40
Holding in Top 10 Change
+16
Holding in Top 10 Change %
+66.67%
% of All Funds
0.58%
New
114
Increased
196
Reduced
192
Closed
53
Calls
$710M
Puts
$367M
Net Calls
+$343M
Net Calls Change
+$92.9M

Top Buyers

1
Fidelity International
Fidelity International
Bermuda
+$142M
2
Neuberger Berman Group
Neuberger Berman Group
New York
+$130M
3
ClearBridge Investments
ClearBridge Investments
New York
+$121M
4
VanEck Associates
VanEck Associates
New York
+$99.7M
5
Morgan Stanley
Morgan Stanley
New York
+$96.5M

Top Sellers

1
Flossbach Von Storch
Flossbach Von Storch
Germany
-$247M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$142M
3
Franklin Resources
Franklin Resources
California
-$132M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$41.9M
5
Federated Hermes
Federated Hermes
Pennsylvania
-$38.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
VanEck Associates
1
VanEck Associates
New York
$1.26B +$99.7M +1,995,127 +9%
Fidelity International
2
Fidelity International
Bermuda
$1.1B +$142M +2,831,794 +16%
Vanguard Group
3
Vanguard Group
Pennsylvania
$963M +$16.9M +338,264 +2%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$827M -$32.8M -655,287 -4%
Massachusetts Financial Services
5
Massachusetts Financial Services
Massachusetts
$719M -$34.7M -694,018 -5%
Deutsche Bank
6
Deutsche Bank
Germany
$703M -$18.3M -367,047 -3%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$581M -$2.51M -50,139 -0.5%
Mackenzie Financial
8
Mackenzie Financial
Ontario, Canada
$538M +$2.05M +41,068 +0.4%
Capital World Investors
9
Capital World Investors
California
$531M +$51.7M +1,034,721 +12%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$408M -$41.9M -837,854 -10%
Amundi
11
Amundi
France
$342M -$4.39M -87,868 -1%
First Eagle Investment Management
12
First Eagle Investment Management
New York
$341M -$691K -13,828 -0.2%
Norges Bank
13
Norges Bank
Norway
$325M -$1.64M -32,714 -0.5%
CIBC Asset Management
14
CIBC Asset Management
Ontario, Canada
$311M +$10.2M +203,499 +4%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$304M -$142M -2,839,093 -34%
Invesco
16
Invesco
Georgia
$269M -$4.66M -93,135 -2%
TD Asset Management
17
TD Asset Management
Ontario, Canada
$236M +$63.1M +1,261,482 +42%
Neuberger Berman Group
18
Neuberger Berman Group
New York
$212M +$130M +2,610,791 +208%
Millennium Management
19
Millennium Management
New York
$212M +$14.5M +290,071 +8%
Morgan Stanley
20
Morgan Stanley
New York
$194M +$96.5M +1,929,656 +120%
Bank of Nova Scotia
21
Bank of Nova Scotia
Ontario, Canada
$194M -$35.4M -707,955 -17%
CIBC World Market
22
CIBC World Market
Ontario, Canada
$191M +$6.02M +120,513 +4%
JP Morgan Chase
23
JP Morgan Chase
New York
$175M +$8.73M +174,607 +6%
National Bank of Canada
24
National Bank of Canada
Quebec, Canada
$169M -$12.6M -252,362 -7%
Ninety One (UK)
25
Ninety One (UK)
United Kingdom
$168M -$8.83M -176,752 -5%
1
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AEM Hedge Fund Activity: Q4 2023 in Review

619 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Agnico Eagle Mines (AEM) for Q4 2023, worth a combined $16.8B — up 22% from $13.8B a quarter earlier.

Buyers outnumbered sellers: 114 funds opened new AEM positions and 53 closed out — a net gain of 61 holders — while 196 added to existing stakes and 192 trimmed.

The largest buyer was Fidelity International, adding an estimated $142M. The largest seller was Flossbach Von Storch, cutting an estimated $247M.

  • 619 institutional investors held Agnico Eagle Mines (AEM) as of Q4 2023, up from 563 in Q3 2023.
  • Funds reported $16.8B of Agnico Eagle Mines stock for Q4 2023, up 22% quarter-over-quarter.
  • 114 funds opened new Agnico Eagle Mines positions in Q4 2023 and 53 closed out, a net change of +61 holders.
  • The largest Agnico Eagle Mines buyer in Q4 2023 was Fidelity International, an estimated $142M added.
  • The largest Agnico Eagle Mines seller in Q4 2023 was Flossbach Von Storch, an estimated $247M sold.

Based on aggregated 13F filings for Q4 2023.