MAG Silver
MAG was delisted on the 3rd of September, 2025.
137 hedge funds and large institutions have $417M invested in MAG Silver in 2023 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 34 increasing their positions, 43 reducing their positions, and 15 closing their positions.
113% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 15
83% more call options, than puts
Call options by funds: $8.32M | Put options by funds: $4.54M
12% more funds holding
Funds holding: 122 → 137 (+15)
0% more capital invested
Capital invested by funds: $415M → $417M (+$1.64M)
0.29% more ownership
Funds ownership: 38.59% → 38.88% (+0.29%)
21% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 43
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Azarias Capital Management
Berwyn,
Pennsylvania
|
+$8.64M |
| 2 |
First Eagle Investment Management
New York
|
+$6.86M |
| 3 |
Morgan Stanley
New York
|
+$5.36M |
| 4 |
MAM
Monaco Asset Management
Monaco
|
+$2.68M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$2.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$5.95M |
| 2 |
VanEck Associates
New York
|
-$4.92M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.82M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$3.06M |
| 5 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$2.4M |
MAG Hedge Fund Activity: Q4 2023 in Review
137 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in MAG Silver (MAG) for Q4 2023, worth a combined $417M — up 0.39% from $415M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new MAG positions and 15 closed out — a net gain of 17 holders — while 34 added to existing stakes and 43 trimmed.
The largest buyer was Azarias Capital Management, opening a new position worth an estimated $8.64M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $5.95M.
- 137 institutional investors held MAG Silver (MAG) as of Q4 2023, up from 122 in Q3 2023.
- Funds reported $417M of MAG Silver stock for Q4 2023, up 0.39% quarter-over-quarter.
- 32 funds opened new MAG Silver positions in Q4 2023 and 15 closed out, a net change of +17 holders.
- The largest MAG Silver buyer in Q4 2023 was Azarias Capital Management, an estimated $8.64M added.
- The largest MAG Silver seller in Q4 2023 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $5.95M sold.
Based on aggregated 13F filings for Q4 2023.