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Fortuna Silver Mines
FSM

109 hedge funds and large institutions have $390M invested in Fortuna Silver Mines in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 48 increasing their positions, 26 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 26

67% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 15

9% more funds holding

Funds holding: 100 → 109 (+9)

1.5% more ownership

Funds ownership: 49.07% → 50.57% (+1.5%)

4% less capital invested

Capital invested by funds: $406M → $390M (-$16M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

64% less call options, than puts

Call options by funds: $801K | Put options by funds: $2.24M

Holders
109
Holders Change
+9
Holders Change %
+9%
% of All Funds
2.71%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
25
Increased
48
Reduced
26
Closed
15
Calls
$801K
Puts
$2.24M
Net Calls
-$1.44M
Net Calls Change
-$1.73M

Top Buyers

Rank Fund Capital Flow
1
VanEck Associates
VanEck Associates
New York
+$33.8M
2
MBI
Montrusco Bolton Investments
Quebec, Canada
+$15.8M
3
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
+$10.6M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$5.27M
5
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
+$4.91M

Top Sellers

Rank Fund Capital Flow
1
EPIM
Equinox Partners Investment Management
Connecticut
-$25.5M
2
SI
Sprott Inc
Ontario, Canada
-$10.9M
3
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$6.81M
4
PIMJS
PKO Investment Management Joint-Stock
Poland
-$3.46M
5
AA
ALPS Advisors
Colorado
-$3.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
GF
26
Gabelli Funds
New York
$2.08M – – –
BCM
27
Bluefin Capital Management
New York
$1.96M -$820K -138,841 -27%
AA
28
ALPS Advisors
Colorado
$1.52M -$3.42M -579,280 -67%
Millennium Management
29
Millennium Management
New York
$1.5M +$1.57M +265,392 +1,150%
Group One Trading
30
Group One Trading
Illinois
$1.4M +$518K +87,685 +48%
Swiss National Bank
31
Swiss National Bank
Switzerland
$1.38M +$148K +25,000 +10%
CC
32
Cipher Capital
New York
$1.24M +$306K +51,867 +28%
GC
33
Guggenheim Capital
Illinois
$1.13M -$854K -144,550 -40%
Parallax Volatility Advisers
34
Parallax Volatility Advisers
California
$915K +$1.04M +175,913 +837,681%
KPF
35
K2 Principal Fund
Ontario, Canada
$884K +$1M +170,000 New
HIM
36
Hillsdale Investment Management
Ontario, Canada
$836K -$2.39M -405,000 -72%
Goldman Sachs
37
Goldman Sachs
New York
$815K -$2.56M -433,242 -73%
AL
38
Airain Ltd
Guernsey
$754K +$857K +144,996 New
RFC
39
Regions Financial Corp
Alabama
$650K – – –
TI
40
Trexquant Investment
Connecticut
$640K +$411K +69,498 +130%
CA
41
Commerzbank Aktiengesellschaft
Germany
$568K +$342K +57,939 +113%
Two Sigma Investments
42
Two Sigma Investments
New York
$562K -$3.41M -577,841 -84%
Fiera Capital (Canada)
43
Fiera Capital (Canada)
Quebec, Canada
$521K +$592K +100,200 New
CS
44
Credit Suisse
Switzerland
$505K -$1.01M -170,628 -64%
PIC
45
PCJ Investment Counsel
Ontario, Canada
$441K +$502K +85,000 New
NIT
46
NumerixS Investment Technologies
British Columbia, Canada
$401K +$242K +41,000 +114%
Citadel Advisors
47
Citadel Advisors
Florida
$387K -$257K -43,565 -37%
Canada Pension Plan Investment Board
48
Canada Pension Plan Investment Board
Ontario, Canada
$370K – – –
HCM
49
Highbridge Capital Management
New York
$349K +$397K +67,200 New
NA
50
NewEdge Advisors
Louisiana
$314K +$347K +58,800 New
1
2
3 4 5

FSM Hedge Fund Activity: Q1 2017 in Review

109 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Fortuna Silver Mines (FSM) for Q1 2017, worth a combined $390M — down 3.9% from $406M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new FSM positions and 15 closed out — a net gain of 10 holders — while 48 added to existing stakes and 26 trimmed.

The largest buyer was VanEck Associates, adding an estimated $33.8M. The largest seller was Equinox Partners Investment Management, exiting entirely with an estimated $25.5M sold.

  • 109 institutional investors held Fortuna Silver Mines (FSM) as of Q1 2017, up from 100 in Q4 2016.
  • Funds reported $390M of Fortuna Silver Mines stock for Q1 2017, down 3.9% quarter-over-quarter.
  • 25 funds opened new Fortuna Silver Mines positions in Q1 2017 and 15 closed out, a net change of +10 holders.
  • The largest Fortuna Silver Mines buyer in Q1 2017 was VanEck Associates, an estimated $33.8M added.
  • The largest Fortuna Silver Mines seller in Q1 2017 was Equinox Partners Investment Management, an estimated $25.5M sold.

Based on aggregated 13F filings for Q1 2017.