Fortuna Silver Mines
115 hedge funds and large institutions have $325M invested in Fortuna Silver Mines in 2018 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 33 increasing their positions, 38 reducing their positions, and 21 closing their positions.
138% more call options, than puts
Call options by funds: $2.92M | Put options by funds: $1.23M
2.17% more ownership
Funds ownership: 44.17% → 46.35% (+2.2%)
6% less funds holding
Funds holding: 122 → 115 (-7)
13% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 38
19% less capital invested
Capital invested by funds: $402M → $325M (-$76.9M)
29% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 21
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$24.8M |
| 2 |
VanEck Associates
New York
|
+$7.88M |
| 3 |
Renaissance Technologies
New York
|
+$6.68M |
| 4 |
Morgan Stanley
New York
|
+$3.11M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$2.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$5.5M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$2.49M |
| 3 |
PG
Pendal Group
Sydney,
Australia
|
-$2.43M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.33M |
| 5 |
AA
ALPS Advisors
Denver,
Colorado
|
-$1.44M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GAM
126
Gotham Asset Management
New York
| – | -$88K | -15,537 | Closed |
|
|
CG
127
Cutler Group
San Francisco,
California
| – | -$66.2K | -13,500 | -99% |
|
|
VF
128
Virtu Financial
New York
| – | -$75K | -13,185 | Closed |
|
129
Verition Fund Management
Greenwich,
Connecticut
| – | -$64K | -11,237 | Closed |
|
|
PAG
130
Private Advisor Group
Morristown,
New Jersey
| – | -$62K | -10,980 | Closed |
|
|
PCM
131
Prelude Capital Management
New York
| – | -$17K | -3,000 | Closed |
|
132
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$3K | -600 | Closed |
|
|
IP
133
Intellectus Partners
San Francisco,
California
| – | -$2K | -350 | Closed |
|
|
SWP
134
Stratos Wealth Partners
Beachwood,
Ohio
| – | +$490 | +100 | New |
|
FSM Hedge Fund Activity: Q3 2018 in Review
115 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Fortuna Silver Mines (FSM) for Q3 2018, worth a combined $325M — down 19% from $402M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of FSM and 15 opened new positions — a net loss of 6 holders — while 38 trimmed existing stakes and 33 added.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $24.8M. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $5.5M sold.
- 115 institutional investors held Fortuna Silver Mines (FSM) as of Q3 2018, down from 122 in Q2 2018.
- Funds reported $325M of Fortuna Silver Mines stock for Q3 2018, down 19% quarter-over-quarter.
- 15 funds opened new Fortuna Silver Mines positions in Q3 2018 and 21 closed out, a net change of -6 holders.
- The largest Fortuna Silver Mines buyer in Q3 2018 was Wellington Management Group, an estimated $24.8M added.
- The largest Fortuna Silver Mines seller in Q3 2018 was Hillsdale Investment Management, an estimated $5.5M sold.
Based on aggregated 13F filings for Q3 2018.