Pan American Silver
PAAS
163 hedge funds and large institutions have $711M invested in Pan American Silver in 2013 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 46 increasing their positions, 58 reducing their positions, and 26 closing their positions.
133% more funds holding in top 10
Funds holding in top 10: 3 → 7 (+4)
57% more call options, than puts
Call options by funds: $31.8M | Put options by funds: $20.2M
35% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 26
6% more capital invested
Capital invested by funds: $671M → $711M (+$39.3M)
5% more funds holding
Funds holding: 155 → 163 (+8)
21% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 58
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSC
Donald Smith & Co
New York
|
+$15.5M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$8.98M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$7.65M |
| 4 |
RA
Royce & Associates
New York
|
+$6.07M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Tocqueville Asset Management
New York
|
-$34.1M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
-$10.6M |
| 3 |
Morgan Stanley
New York
|
-$7.09M |
| 4 |
Renaissance Technologies
New York
|
-$6.33M |
| 5 |
VanEck Associates
New York
|
-$5.05M |
PAAS Hedge Fund Activity: Q4 2013 in Review
163 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q4 2013, worth a combined $711M — up 5.9% from $671M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new PAAS positions and 26 closed out — a net gain of 9 holders — while 46 added to existing stakes and 58 trimmed.
The largest buyer was Donald Smith & Co, opening a new position worth an estimated $15.5M. The largest seller was Tocqueville Asset Management, exiting entirely with an estimated $34.1M sold.
- 163 institutional investors held Pan American Silver (PAAS) as of Q4 2013, up from 155 in Q3 2013.
- Funds reported $711M of Pan American Silver stock for Q4 2013, up 5.9% quarter-over-quarter.
- 35 funds opened new Pan American Silver positions in Q4 2013 and 26 closed out, a net change of +9 holders.
- The largest Pan American Silver buyer in Q4 2013 was Donald Smith & Co, an estimated $15.5M added.
- The largest Pan American Silver seller in Q4 2013 was Tocqueville Asset Management, an estimated $34.1M sold.
Based on aggregated 13F filings for Q4 2013.