Pan American Silver
PAAS
181 hedge funds and large institutions have $591M invested in Pan American Silver in 2014 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 64 increasing their positions, 59 reducing their positions, and 22 closing their positions.
50% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 22
3% more funds holding
Funds holding: 175 → 181 (+6)
8% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 59
1% more call options, than puts
Call options by funds: $15.6M | Put options by funds: $15.5M
19% less capital invested
Capital invested by funds: $729M → $591M (-$137M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$15M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$11.4M |
| 3 |
Renaissance Technologies
New York
|
+$11.3M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$11.3M |
| 5 |
DSC
Donald Smith & Co
New York
|
+$6.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$88.9M |
| 2 |
Morgan Stanley
New York
|
-$5.56M |
| 3 |
H
Hexavest
Montreal,
Quebec, Canada
|
-$4.05M |
| 4 |
SFM
Soros Fund Management
New York
|
-$3.29M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
-$3.14M |
PAAS Hedge Fund Activity: Q4 2014 in Review
181 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q4 2014, worth a combined $591M — down 19% from $729M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new PAAS positions and 22 closed out — a net gain of 11 holders — while 64 added to existing stakes and 59 trimmed.
The largest buyer was VanEck Associates, adding an estimated $15M. The largest seller was Royce & Associates, cutting an estimated $88.9M.
- 181 institutional investors held Pan American Silver (PAAS) as of Q4 2014, up from 175 in Q3 2014.
- Funds reported $591M of Pan American Silver stock for Q4 2014, down 19% quarter-over-quarter.
- 33 funds opened new Pan American Silver positions in Q4 2014 and 22 closed out, a net change of +11 holders.
- The largest Pan American Silver buyer in Q4 2014 was VanEck Associates, an estimated $15M added.
- The largest Pan American Silver seller in Q4 2014 was Royce & Associates, an estimated $88.9M sold.
Based on aggregated 13F filings for Q4 2014.