MAG Silver
MAG was delisted on the 3rd of September, 2025.
135 hedge funds and large institutions have $467M invested in MAG Silver in 2023 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 38 increasing their positions, 36 reducing their positions, and 16 closing their positions.
81% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 16
44% more call options, than puts
Call options by funds: $12.3M | Put options by funds: $8.5M
11% more funds holding
Funds holding: 122 → 135 (+13)
6% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 36
3.35% less ownership
Funds ownership: 40.74% → 37.39% (-3.4%)
26% less capital invested
Capital invested by funds: $629M → $467M (-$162M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
+$8.05M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$5.72M |
| 3 |
CAMG
CWA Asset Management Group
Naples,
Florida
|
+$3.86M |
| 4 |
Morgan Stanley
New York
|
+$3.58M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EPIM
Equinox Partners Investment Management
Stamford,
Connecticut
|
-$40.9M |
| 2 |
JP Morgan Chase
New York
|
-$16.3M |
| 3 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$11.1M |
| 4 |
BlackRock
New York
|
-$11M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.95M |
MAG Hedge Fund Activity: Q1 2023 in Review
135 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in MAG Silver (MAG) for Q1 2023, worth a combined $467M — down 26% from $629M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new MAG positions and 16 closed out — a net gain of 13 holders — while 38 added to existing stakes and 36 trimmed.
The largest buyer was First Eagle Investment Management, adding an estimated $8.05M. The largest seller was Equinox Partners Investment Management, cutting an estimated $40.9M.
- 135 institutional investors held MAG Silver (MAG) as of Q1 2023, up from 122 in Q4 2022.
- Funds reported $467M of MAG Silver stock for Q1 2023, down 26% quarter-over-quarter.
- 29 funds opened new MAG Silver positions in Q1 2023 and 16 closed out, a net change of +13 holders.
- The largest MAG Silver buyer in Q1 2023 was First Eagle Investment Management, an estimated $8.05M added.
- The largest MAG Silver seller in Q1 2023 was Equinox Partners Investment Management, an estimated $40.9M sold.
Based on aggregated 13F filings for Q1 2023.