Pan American Silver
PAAS
612 hedge funds and large institutions have $11.8B invested in Pan American Silver in 2026 Q1 according to their latest regulatory filings, with 123 funds opening new positions, 202 increasing their positions, 192 reducing their positions, and 60 closing their positions.
105% more first-time investments, than exits
New positions opened: 123 | Existing positions closed: 60
54% more call options, than puts
Call options by funds: $716M | Put options by funds: $464M
31% more funds holding in top 10
Funds holding in top 10: 16 → 21 (+5)
9% more funds holding
Funds holding: 560 → 612 (+52)
5% more repeat investments, than reductions
Existing positions increased: 202 | Existing positions reduced: 192
2% less capital invested
Capital invested by funds: $12.2B → $11.8B (-$302M)
4.11% less ownership
Funds ownership: 55.56% → 51.45% (-4.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$357M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$140M |
| 3 |
Millennium Management
New York
|
+$138M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$88.7M |
| 5 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$76.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$1.04B |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$322M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$198M |
| 4 |
BlackRock
New York
|
-$162M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$85.6M |
PAAS Hedge Fund Activity: Q1 2026 in Review
612 of the 8,127 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q1 2026, worth a combined $11.8B — down 2.5% from $12.2B a quarter earlier.
Buyers outnumbered sellers: 123 funds opened new PAAS positions and 60 closed out — a net gain of 63 holders — while 202 added to existing stakes and 192 trimmed.
The largest buyer was Jane Street, adding an estimated $357M. The largest seller was VanEck Associates, cutting an estimated $1.04B.
- 612 institutional investors held Pan American Silver (PAAS) as of Q1 2026, up from 560 in Q4 2025.
- Funds reported $11.8B of Pan American Silver stock for Q1 2026, down 2.5% quarter-over-quarter.
- 123 funds opened new Pan American Silver positions in Q1 2026 and 60 closed out, a net change of +63 holders.
- The largest Pan American Silver buyer in Q1 2026 was Jane Street, an estimated $357M added.
- The largest Pan American Silver seller in Q1 2026 was VanEck Associates, an estimated $1.04B sold.
Based on aggregated 13F filings for Q1 2026.