Ero Copper
ERO
87 hedge funds and large institutions have $747M invested in Ero Copper in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 34 increasing their positions, 35 reducing their positions, and 11 closing their positions.
136% more call options, than puts
Call options by funds: $7.63M | Put options by funds: $3.24M
3% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 35
4% less funds holding
Funds holding: 91 → 87 (-4)
6.86% less ownership
Funds ownership: 53.26% → 46.4% (-6.9%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
25% less capital invested
Capital invested by funds: $1,000M → $747M (-$253M)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$9.32M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$7.76M |
| 3 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
+$7.04M |
| 4 |
Jennison Associates
New York
|
+$3.39M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$28.8M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$18.5M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$16.7M |
| 4 |
SAM
Scopus Asset Management
New York
|
-$16M |
| 5 |
6CM
683 Capital Management
New York
|
-$10.2M |
ERO Hedge Fund Activity: Q3 2023 in Review
87 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Ero Copper (ERO) for Q3 2023, worth a combined $747M — down 25% from $1,000M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of ERO and 8 opened new positions — a net loss of 3 holders — while 35 trimmed existing stakes and 34 added.
The largest buyer was Montrusco Bolton Investments, adding an estimated $9.32M. The largest seller was Acadian Asset Management, cutting an estimated $28.8M.
- 87 institutional investors held Ero Copper (ERO) as of Q3 2023, down from 91 in Q2 2023.
- Funds reported $747M of Ero Copper stock for Q3 2023, down 25% quarter-over-quarter.
- 8 funds opened new Ero Copper positions in Q3 2023 and 11 closed out, a net change of -3 holders.
- The largest Ero Copper buyer in Q3 2023 was Montrusco Bolton Investments, an estimated $9.32M added.
- The largest Ero Copper seller in Q3 2023 was Acadian Asset Management, an estimated $28.8M sold.
Based on aggregated 13F filings for Q3 2023.