Pan American Silver
PAAS
168 hedge funds and large institutions have $760M invested in Pan American Silver in 2014 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 50 increasing their positions, 63 reducing their positions, and 22 closing their positions.
66% more call options, than puts
Call options by funds: $33.5M | Put options by funds: $20.1M
27% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 22
7% more capital invested
Capital invested by funds: $711M → $760M (+$49.4M)
3% more funds holding
Funds holding: 163 → 168 (+5)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
21% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 63
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$13.3M |
| 2 |
SFM
Soros Fund Management
New York
|
+$10.8M |
| 3 |
RA
Royce & Associates
New York
|
+$5.52M |
| 4 |
BP
BI Partners
Darien,
Connecticut
|
+$4.37M |
| 5 |
TCA
Taconic Capital Advisors
New York
|
+$4.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$14.2M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$11.7M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$10.2M |
| 4 |
VanEck Associates
New York
|
-$9.41M |
| 5 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$9.37M |
PAAS Hedge Fund Activity: Q1 2014 in Review
168 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q1 2014, worth a combined $760M — up 7% from $711M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new PAAS positions and 22 closed out — a net gain of 6 holders — while 50 added to existing stakes and 63 trimmed.
The largest buyer was Connor, Clark & Lunn Investment Management (CC&L), opening a new position worth an estimated $13.3M. The largest seller was Susquehanna International Group, cutting an estimated $14.2M.
- 168 institutional investors held Pan American Silver (PAAS) as of Q1 2014, up from 163 in Q4 2013.
- Funds reported $760M of Pan American Silver stock for Q1 2014, up 7% quarter-over-quarter.
- 28 funds opened new Pan American Silver positions in Q1 2014 and 22 closed out, a net change of +6 holders.
- The largest Pan American Silver buyer in Q1 2014 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $13.3M added.
- The largest Pan American Silver seller in Q1 2014 was Susquehanna International Group, an estimated $14.2M sold.
Based on aggregated 13F filings for Q1 2014.