Fortuna Silver Mines
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.
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)
1.47% more ownership
Funds ownership: 49.1% → 50.57% (+1.5%)
4% less capital invested
Capital invested by funds: $406M → $390M (-$16.2M)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$33.8M |
| 2 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$15.8M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$10.6M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$5.27M |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$4.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EPIM
Equinox Partners Investment Management
Stamford,
Connecticut
|
-$25.5M |
| 2 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$10.9M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$6.81M |
| 4 |
PIMJS
PKO Investment Management Joint-Stock
Warsaw,
Poland
|
-$3.46M |
| 5 |
AA
ALPS Advisors
Denver,
Colorado
|
-$3.42M |
FSM Hedge Fund Activity: Q1 2017 in Review
109 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Fortuna Silver Mines (FSM) for Q1 2017, worth a combined $390M — down 4% 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 4% 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.