Ero Copper
73 hedge funds and large institutions have $459M invested in Ero Copper in 2022 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 18 reducing their positions, and 12 closing their positions.
315% more call options, than puts
Call options by funds: $4.75M | Put options by funds: $1.15M
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
89% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 18
43% more capital invested
Capital invested by funds: $320M → $459M (+$139M)
4% more ownership
Funds ownership: 43.46% → 47.46% (+4%)
0% more funds holding
Funds holding: 73 → 73 (0)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
GMT Capital
Atlanta,
Georgia
|
+$14.6M |
| 2 |
6CM
683 Capital Management
New York
|
+$10.6M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$6.83M |
| 4 |
Ninety One (UK)
London,
United Kingdom
|
+$6.83M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$3.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$4.97M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$2.33M |
| 3 |
D.E. Shaw & Co
New York
|
-$1.85M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.43M |
| 5 |
MCO
MAK Capital One
New York
|
-$1.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
JP Morgan Chase
New York
| – | -$1.29M | -153,024 | Closed |
|
77
Millennium Management
New York
| – | -$552K | -65,406 | Closed |
|
78
Two Sigma Advisers
New York
| – | -$414K | -49,100 | Closed |
|
79
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$296K | -35,007 | Closed |
|
|
CSS
80
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$233K | -27,605 | Closed |
|
81
Jane Street
New York
| – | -$226K | -26,749 | Closed |
|
82
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$162K | -16,603 | Closed |
|
83
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| – | -$112K | -13,300 | Closed |
|
84
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$41K | -4,816 | Closed |
|
85
Citigroup
New York
| – | -$8K | -900 | Closed |
|
ERO Hedge Fund Activity: Q3 2022 in Review
73 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Ero Copper (ERO) for Q3 2022, worth a combined $459M — up 43% from $320M a quarter earlier.
Fund positioning in ERO was balanced in Q3 2022: 12 funds opened new positions, 12 closed out, 34 added to existing stakes and 18 trimmed.
The largest buyer was GMT Capital, adding an estimated $14.6M. The largest seller was Acadian Asset Management, cutting an estimated $4.97M.
- 73 institutional investors held Ero Copper (ERO) as of Q3 2022, unchanged from Q2 2022.
- Funds reported $459M of Ero Copper stock for Q3 2022, up 43% quarter-over-quarter.
- 12 funds opened new Ero Copper positions in Q3 2022 and 12 closed out, a net change of 0 holders.
- The largest Ero Copper buyer in Q3 2022 was GMT Capital, an estimated $14.6M added.
- The largest Ero Copper seller in Q3 2022 was Acadian Asset Management, an estimated $4.97M sold.
Based on aggregated 13F filings for Q3 2022.