Ero Copper
ERO
79 hedge funds and large institutions have $627M invested in Ero Copper in 2022 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 29 increasing their positions, 32 reducing their positions, and 6 closing their positions.
1,471% more call options, than puts
Call options by funds: $4.63M | Put options by funds: $295K
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
33% more capital invested
Capital invested by funds: $473M → $627M (+$154M)
8% more funds holding
Funds holding: 73 → 79 (+6)
2.59% more ownership
Funds ownership: 47.34% → 49.93% (+2.6%)
9% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
GMT Capital
Atlanta,
Georgia
|
+$28.2M |
| 2 |
Jennison Associates
New York
|
+$10M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
+$4.75M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$4.21M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$3.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$20.1M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$4.11M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$3.68M |
| 4 |
ClearBridge Investments
New York
|
-$1.78M |
| 5 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$1.59M |
ERO Hedge Fund Activity: Q4 2022 in Review
79 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Ero Copper (ERO) for Q4 2022, worth a combined $627M — up 33% from $473M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new ERO positions and 6 closed out — a net gain of 6 holders — while 29 added to existing stakes and 32 trimmed.
The largest buyer was GMT Capital, adding an estimated $28.2M. The largest seller was Fidelity International, cutting an estimated $20.1M.
- 79 institutional investors held Ero Copper (ERO) as of Q4 2022, up from 73 in Q3 2022.
- Funds reported $627M of Ero Copper stock for Q4 2022, up 33% quarter-over-quarter.
- 12 funds opened new Ero Copper positions in Q4 2022 and 6 closed out, a net change of +6 holders.
- The largest Ero Copper buyer in Q4 2022 was GMT Capital, an estimated $28.2M added.
- The largest Ero Copper seller in Q4 2022 was Fidelity International, an estimated $20.1M sold.
Based on aggregated 13F filings for Q4 2022.