Pan American Silver
PAAS
175 hedge funds and large institutions have $729M invested in Pan American Silver in 2014 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 56 increasing their positions, 59 reducing their positions, and 21 closing their positions.
19% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 21
2% more funds holding
Funds holding: 171 → 175 (+4)
5% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 59
11% less call options, than puts
Call options by funds: $21.3M | Put options by funds: $23.9M
27% less capital invested
Capital invested by funds: $997M → $729M (-$269M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$13.7M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$8.57M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$8.03M |
| 4 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$7.31M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$15.1M |
| 2 |
O
OppenheimerFunds
New York
|
-$13.3M |
| 3 |
SFM
Soros Fund Management
New York
|
-$7.1M |
| 4 |
RA
Royce & Associates
New York
|
-$4.31M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$4.26M |
PAAS Hedge Fund Activity: Q3 2014 in Review
175 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q3 2014, worth a combined $729M — down 27% from $997M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new PAAS positions and 21 closed out — a net gain of 4 holders — while 56 added to existing stakes and 59 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $13.7M. The largest seller was Norges Bank, cutting an estimated $15.1M.
- 175 institutional investors held Pan American Silver (PAAS) as of Q3 2014, up from 171 in Q2 2014.
- Funds reported $729M of Pan American Silver stock for Q3 2014, down 27% quarter-over-quarter.
- 25 funds opened new Pan American Silver positions in Q3 2014 and 21 closed out, a net change of +4 holders.
- The largest Pan American Silver buyer in Q3 2014 was Renaissance Technologies, an estimated $13.7M added.
- The largest Pan American Silver seller in Q3 2014 was Norges Bank, an estimated $15.1M sold.
Based on aggregated 13F filings for Q3 2014.