Fortuna Silver Mines
100 hedge funds and large institutions have $406M invested in Fortuna Silver Mines in 2016 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 37 increasing their positions, 31 reducing their positions, and 12 closing their positions.
92% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 12
29% more call options, than puts
Call options by funds: $1.26M | Put options by funds: $973K
19% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 31
8% more funds holding
Funds holding: 93 → 100 (+7)
0.99% less ownership
Funds ownership: 50.06% → 49.07% (-0.99%)
22% less capital invested
Capital invested by funds: $520M → $406M (-$114M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$6.07M |
| 2 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$4.55M |
| 3 |
BCM
Bluefin Capital Management
New York
|
+$3.25M |
| 4 |
Squarepoint
New York
|
+$2.28M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.36M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$5.35M |
| 3 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$5.17M |
| 4 |
EMG
ETF Managers Group
Summit,
New Jersey
|
-$4.75M |
| 5 |
VanEck Associates
New York
|
-$4.06M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EMG
101
ETF Managers Group
Summit,
New Jersey
| – | -$4.75M | -499,500 | Closed |
|
102
Renaissance Technologies
New York
| – | -$3.4M | -469,300 | Closed |
|
|
USGIU
103
U.S. Global Investors (USGI)
San Antonio,
Texas
| – | -$2.71M | -375,000 | Closed |
|
104
Arrowstreet Capital
Boston,
Massachusetts
| – | -$1.19M | -164,020 | Closed |
|
|
PIC
105
PCJ Investment Counsel
Toronto,
Ontario, Canada
| – | -$1.02M | -141,590 | Closed |
|
|
BCM
106
BlueCrest Capital Management
St Helier,
Jersey
| – | -$391K | -53,944 | Closed |
|
107
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$303K | -41,866 | Closed |
|
|
ARTA
108
A.R.T. Advisors
New York
| – | -$279K | -38,600 | Closed |
|
|
DCM
109
Driehaus Capital Management
Chicago,
Illinois
| – | -$182K | -25,175 | Closed |
|
|
SC
110
Scotia Capital
Toronto,
Ontario, Canada
| – | -$119K | -16,454 | Closed |
|
|
SJIM
111
St. Johns Investment Management
Jacksonville,
Florida
| – | -$80K | -11,000 | Closed |
|
112
Parallax Volatility Advisers
San Francisco,
California
| – | +$132 | +21 | New |
|
FSM Hedge Fund Activity: Q4 2016 in Review
100 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Fortuna Silver Mines (FSM) for Q4 2016, worth a combined $406M — down 22% from $520M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FSM positions and 12 closed out — a net gain of 11 holders — while 37 added to existing stakes and 31 trimmed.
The largest buyer was Public Sector Pension Investment Board (PSP Investments), opening a new position worth an estimated $6.07M. The largest seller was Deutsche Bank, cutting an estimated $5.36M.
- 100 institutional investors held Fortuna Silver Mines (FSM) as of Q4 2016, up from 93 in Q3 2016.
- Funds reported $406M of Fortuna Silver Mines stock for Q4 2016, down 22% quarter-over-quarter.
- 23 funds opened new Fortuna Silver Mines positions in Q4 2016 and 12 closed out, a net change of +11 holders.
- The largest Fortuna Silver Mines buyer in Q4 2016 was Public Sector Pension Investment Board (PSP Investments), an estimated $6.07M added.
- The largest Fortuna Silver Mines seller in Q4 2016 was Deutsche Bank, an estimated $5.36M sold.
Based on aggregated 13F filings for Q4 2016.