First Majestic Silver
211 hedge funds and large institutions have $650M invested in First Majestic Silver in 2023 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 71 increasing their positions, 56 reducing their positions, and 39 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 56
8% more capital invested
Capital invested by funds: $601M → $650M (+$48.6M)
5.48% more ownership
Funds ownership: 28.18% → 33.66% (+5.5%)
5% less funds holding
Funds holding: 221 → 211 (-10)
11% less call options, than puts
Call options by funds: $34.4M | Put options by funds: $38.8M
15% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EMG
ETF Managers Group
Summit,
New Jersey
|
+$95M |
| 2 |
VanEck Associates
New York
|
+$23.6M |
| 3 |
Renaissance Technologies
New York
|
+$7.77M |
| 4 |
Goldman Sachs
New York
|
+$5.51M |
| 5 |
Millennium Management
New York
|
+$5.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DPRC
Deer Park Road Corp
Steamboat Springs,
Colorado
|
-$15.5M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$9.52M |
| 3 |
Two Sigma Investments
New York
|
-$8.96M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$6.11M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$5.41M |
AG Hedge Fund Activity: Q1 2023 in Review
211 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Majestic Silver (AG) for Q1 2023, worth a combined $650M — up 8.1% from $601M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of AG and 33 opened new positions — a net loss of 6 holders — while 56 trimmed existing stakes and 71 added.
The largest buyer was ETF Managers Group, opening a new position worth an estimated $95M. The largest seller was Deer Park Road Corp, exiting entirely with an estimated $15.5M sold.
- 211 institutional investors held First Majestic Silver (AG) as of Q1 2023, down from 221 in Q4 2022.
- Funds reported $650M of First Majestic Silver stock for Q1 2023, up 8.1% quarter-over-quarter.
- 33 funds opened new First Majestic Silver positions in Q1 2023 and 39 closed out, a net change of -6 holders.
- The largest First Majestic Silver buyer in Q1 2023 was ETF Managers Group, an estimated $95M added.
- The largest First Majestic Silver seller in Q1 2023 was Deer Park Road Corp, an estimated $15.5M sold.
Based on aggregated 13F filings for Q1 2023.