Ero Copper
101 hedge funds and large institutions have $1.09B invested in Ero Copper in 2023 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 48 increasing their positions, 21 reducing their positions, and 11 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 21
127% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 11
70% more call options, than puts
Call options by funds: $11.5M | Put options by funds: $6.77M
46% more capital invested
Capital invested by funds: $747M → $1.09B (+$344M)
27.37% more ownership
Funds ownership: 46.4% → 73.77% (+27%)
16% more funds holding
Funds holding: 87 → 101 (+14)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$209M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$44.1M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$35.2M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$14.9M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$9.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
-$10.2M |
| 2 |
Jennison Associates
New York
|
-$9.39M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$4.82M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
-$3.08M |
| 5 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$3.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Citigroup
New York
| $16 | -$2.11K | -150 | -99% |
|
|
102
Ninety One (UK)
London,
United Kingdom
| – | -$10.2M | -590,020 | Closed |
|
|
103
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
| – | -$3.04M | -175,208 | Closed |
|
|
CCM
104
Cinctive Capital Management
New York
| – | -$2.6M | -150,218 | Closed |
|
105
D.E. Shaw & Co
New York
| – | -$1.35M | -78,500 | Closed |
|
106
State of Wisconsin Investment Board
Madison,
Wisconsin
| – | -$1.1M | -63,570 | Closed |
|
|
AR
107
Advisory Research
Chicago,
Illinois
| – | -$1.08M | -62,445 | Closed |
|
|
HIM
108
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$1.01M | -58,732 | Closed |
|
|
PIC
109
PCJ Investment Counsel
Toronto,
Ontario, Canada
| – | -$690K | -40,000 | Closed |
|
110
Acadian Asset Management
Boston,
Massachusetts
| – | -$623K | -36,000 | Closed |
|
111
Principal Financial Group
Des Moines,
Iowa
| – | -$312K | -18,000 | Closed |
|
|
VPIM
112
Vanguard Personalized Indexing Management
Oakland,
California
| – | -$201K | -11,636 | Closed |
|
ERO Hedge Fund Activity: Q4 2023 in Review
101 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Ero Copper (ERO) for Q4 2023, worth a combined $1.09B — up 46% from $747M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new ERO positions and 11 closed out — a net gain of 14 holders — while 48 added to existing stakes and 21 trimmed.
The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $209M. The largest seller was Ninety One (UK), exiting entirely with an estimated $10.2M sold.
- 101 institutional investors held Ero Copper (ERO) as of Q4 2023, up from 87 in Q3 2023.
- Funds reported $1.09B of Ero Copper stock for Q4 2023, up 46% quarter-over-quarter.
- 25 funds opened new Ero Copper positions in Q4 2023 and 11 closed out, a net change of +14 holders.
- The largest Ero Copper buyer in Q4 2023 was T. Rowe Price Associates, an estimated $209M added.
- The largest Ero Copper seller in Q4 2023 was Ninety One (UK), an estimated $10.2M sold.
Based on aggregated 13F filings for Q4 2023.