Pan American Silver
PAAS
161 hedge funds and large institutions have $568M invested in Pan American Silver in 2015 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 49 increasing their positions, 62 reducing their positions, and 37 closing their positions.
4% less capital invested
Capital invested by funds: $591M → $568M (-$23.6M)
5% less call options, than puts
Call options by funds: $10.8M | Put options by funds: $11.5M
11% less funds holding
Funds holding: 181 → 161 (-20)
21% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 62
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
54% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$24.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.5M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$11.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$9.09M |
| 5 |
ICM
Intrepid Capital Management
Jacksonville Beach,
Florida
|
+$5.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$7.78M |
| 2 |
Two Sigma Investments
New York
|
-$6.28M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.46M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.68M |
| 5 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$3.4M |
PAAS Hedge Fund Activity: Q1 2015 in Review
161 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q1 2015, worth a combined $568M — down 4% from $591M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of PAAS and 17 opened new positions — a net loss of 20 holders — while 62 trimmed existing stakes and 49 added.
The largest buyer was VanEck Associates, adding an estimated $24.1M. The largest seller was Millennium Management, exiting entirely with an estimated $7.78M sold.
- 161 institutional investors held Pan American Silver (PAAS) as of Q1 2015, down from 181 in Q4 2014.
- Funds reported $568M of Pan American Silver stock for Q1 2015, down 4% quarter-over-quarter.
- 17 funds opened new Pan American Silver positions in Q1 2015 and 37 closed out, a net change of -20 holders.
- The largest Pan American Silver buyer in Q1 2015 was VanEck Associates, an estimated $24.1M added.
- The largest Pan American Silver seller in Q1 2015 was Millennium Management, an estimated $7.78M sold.
Based on aggregated 13F filings for Q1 2015.