Pan American Silver
PAAS
171 hedge funds and large institutions have $997M invested in Pan American Silver in 2014 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 58 increasing their positions, 53 reducing their positions, and 18 closing their positions.
46% more call options, than puts
Call options by funds: $36.6M | Put options by funds: $25.1M
31% more capital invested
Capital invested by funds: $760M → $997M (+$237M)
22% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 18
2% more funds holding
Funds holding: 168 → 171 (+3)
9% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 53
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Tocqueville Asset Management
New York
|
+$60.5M |
| 2 |
RA
Royce & Associates
New York
|
+$16.4M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$15.3M |
| 4 |
O
OppenheimerFunds
New York
|
+$10.1M |
| 5 |
DSC
Donald Smith & Co
New York
|
+$4.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$12.4M |
| 2 |
VanEck Associates
New York
|
-$5.94M |
| 3 |
BP
BI Partners
Darien,
Connecticut
|
-$4.2M |
| 4 |
H
Hexavest
Montreal,
Quebec, Canada
|
-$3.52M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$3.36M |
PAAS Hedge Fund Activity: Q2 2014 in Review
171 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q2 2014, worth a combined $997M — up 31% from $760M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PAAS positions and 18 closed out — a net gain of 4 holders — while 58 added to existing stakes and 53 trimmed.
The largest buyer was Tocqueville Asset Management, opening a new position worth an estimated $60.5M. The largest seller was Deutsche Bank, cutting an estimated $12.4M.
- 171 institutional investors held Pan American Silver (PAAS) as of Q2 2014, up from 168 in Q1 2014.
- Funds reported $997M of Pan American Silver stock for Q2 2014, up 31% quarter-over-quarter.
- 22 funds opened new Pan American Silver positions in Q2 2014 and 18 closed out, a net change of +4 holders.
- The largest Pan American Silver buyer in Q2 2014 was Tocqueville Asset Management, an estimated $60.5M added.
- The largest Pan American Silver seller in Q2 2014 was Deutsche Bank, an estimated $12.4M sold.
Based on aggregated 13F filings for Q2 2014.