Fortuna Silver Mines
107 hedge funds and large institutions have $172M invested in Fortuna Silver Mines in 2019 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 40 increasing their positions, 30 reducing their positions, and 27 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 30
30% more call options, than puts
Call options by funds: $1.36M | Put options by funds: $1.05M
4.26% less ownership
Funds ownership: 41.46% → 37.2% (-4.3%)
9% less funds holding
Funds holding: 117 → 107 (-10)
20% less capital invested
Capital invested by funds: $216M → $172M (-$44M)
33% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 27
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.98M |
| 2 |
Renaissance Technologies
New York
|
+$5.82M |
| 3 |
Millennium Management
New York
|
+$5.32M |
| 4 |
JP Morgan Chase
New York
|
+$3.9M |
| 5 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
+$2.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$32.7M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$5.1M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$4.76M |
| 4 |
EPIM
Equinox Partners Investment Management
Stamford,
Connecticut
|
-$2.61M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$2.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GAM
126
Gotham Asset Management
New York
| – | -$40K | -11,837 | Closed |
|
|
RG
127
Rathbones Group
Liverpool,
United Kingdom
| – | -$37K | -11,000 | Closed |
|
128
First Manhattan
New York
| – | -$5K | -1,500 | Closed |
|
|
SWM
129
SeaCrest Wealth Management
Purchase,
New York
| – | -$4K | -1,050 | Closed |
|
|
BFEC
130
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$1K | -300 | Closed |
|
|
FGAM
131
Financial Gravity Asset Management
Lakeway,
Texas
| – | +$38 | +13 | +12% |
|
|
CYG
132
Clean Yield Group
Norwich,
Vermont
| – | +$361 | +125 | New |
|
FSM Hedge Fund Activity: Q2 2019 in Review
107 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Fortuna Silver Mines (FSM) for Q2 2019, worth a combined $172M — down 20% from $216M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of FSM and 18 opened new positions — a net loss of 9 holders — while 30 trimmed existing stakes and 40 added.
The largest buyer was Morgan Stanley, adding an estimated $7.98M. The largest seller was VanEck Associates, cutting an estimated $32.7M.
- 107 institutional investors held Fortuna Silver Mines (FSM) as of Q2 2019, down from 117 in Q1 2019.
- Funds reported $172M of Fortuna Silver Mines stock for Q2 2019, down 20% quarter-over-quarter.
- 18 funds opened new Fortuna Silver Mines positions in Q2 2019 and 27 closed out, a net change of -9 holders.
- The largest Fortuna Silver Mines buyer in Q2 2019 was Morgan Stanley, an estimated $7.98M added.
- The largest Fortuna Silver Mines seller in Q2 2019 was VanEck Associates, an estimated $32.7M sold.
Based on aggregated 13F filings for Q2 2019.