Pan American Silver
PAAS
155 hedge funds and large institutions have $671M invested in Pan American Silver in 2013 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 61 increasing their positions, 51 reducing their positions, and 17 closing their positions.
47% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 17
20% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 51
5% more funds holding
Funds holding: 148 → 155 (+7)
9% more call options, than puts
Call options by funds: $30.8M | Put options by funds: $28.3M
17% less capital invested
Capital invested by funds: $808M → $671M (-$136M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10.6M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$7.59M |
| 3 |
Goldman Sachs
New York
|
+$5.8M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$5.54M |
| 5 |
Renaissance Technologies
New York
|
+$5.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
-$29.2M |
| 2 |
VanEck Associates
New York
|
-$27.2M |
| 3 |
ICM
Intrepid Capital Management
Jacksonville Beach,
Florida
|
-$19.7M |
| 4 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$11.3M |
| 5 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$9.02M |
PAAS Hedge Fund Activity: Q3 2013 in Review
155 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q3 2013, worth a combined $671M — down 17% from $808M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new PAAS positions and 17 closed out — a net gain of 8 holders — while 61 added to existing stakes and 51 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $10.6M. The largest seller was Carlson Capital, cutting an estimated $29.2M.
- 155 institutional investors held Pan American Silver (PAAS) as of Q3 2013, up from 148 in Q2 2013.
- Funds reported $671M of Pan American Silver stock for Q3 2013, down 17% quarter-over-quarter.
- 25 funds opened new Pan American Silver positions in Q3 2013 and 17 closed out, a net change of +8 holders.
- The largest Pan American Silver buyer in Q3 2013 was Morgan Stanley, an estimated $10.6M added.
- The largest Pan American Silver seller in Q3 2013 was Carlson Capital, an estimated $29.2M sold.
Based on aggregated 13F filings for Q3 2013.