First Majestic Silver
113 hedge funds and large institutions have $347M invested in First Majestic Silver in 2013 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 27 increasing their positions, 45 reducing their positions, and 17 closing their positions.
53% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 17
9% more funds holding
Funds holding: 104 → 113 (+9)
2.85% less ownership
Funds ownership: 32.95% → 30.1% (-2.8%)
24% less capital invested
Capital invested by funds: $456M → $347M (-$109M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
40% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 45
51% less call options, than puts
Call options by funds: $6.17M | Put options by funds: $12.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$12.6M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$10.5M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$6.52M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$4.29M |
| 5 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$4.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$39.2M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$12.3M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.85M |
| 4 |
Morgan Stanley
New York
|
-$5.45M |
| 5 |
VanEck Associates
New York
|
-$3.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GA
126
Geneva Advisors
Chicago,
Illinois
| – | -$130K | -11,000 | Closed |
|
|
SCM
127
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$122K | -10,279 | Closed |
|
|
BIT
128
BlackRock Institutional Trust
San Francisco,
California
| – | -$74.4K | -7,152 | -100% |
|
129
DekaBank Deutsche Girozentrale
Frankfurt,
Germany
| – | -$72K | -6,056 | Closed |
|
130
Allianz Asset Management
Munich,
Germany
| – | -$30K | -2,491 | Closed |
|
|
WRM
131
Westport Resources Management
Westport,
Connecticut
| – | -$12K | -1,000 | Closed |
|
AG Hedge Fund Activity: Q4 2013 in Review
113 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Majestic Silver (AG) for Q4 2013, worth a combined $347M — down 24% from $456M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new AG positions and 17 closed out — a net gain of 9 holders — while 27 added to existing stakes and 45 trimmed.
The largest buyer was Renaissance Technologies, opening a new position worth an estimated $12.6M. The largest seller was Toronto Dominion Bank, cutting an estimated $39.2M.
- 113 institutional investors held First Majestic Silver (AG) as of Q4 2013, up from 104 in Q3 2013.
- Funds reported $347M of First Majestic Silver stock for Q4 2013, down 24% quarter-over-quarter.
- 26 funds opened new First Majestic Silver positions in Q4 2013 and 17 closed out, a net change of +9 holders.
- The largest First Majestic Silver buyer in Q4 2013 was Renaissance Technologies, an estimated $12.6M added.
- The largest First Majestic Silver seller in Q4 2013 was Toronto Dominion Bank, an estimated $39.2M sold.
Based on aggregated 13F filings for Q4 2013.