Pan American Silver
PAAS
181 hedge funds and large institutions have $464M invested in Pan American Silver in 2015 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 56 increasing their positions, 54 reducing their positions, and 12 closing their positions.
125% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 12
8% more funds holding
Funds holding: 168 → 181 (+13)
4% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 54
3% more call options, than puts
Call options by funds: $9.54M | Put options by funds: $9.3M
26% less capital invested
Capital invested by funds: $626M → $464M (-$162M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$9.37M |
| 2 |
VanEck Associates
New York
|
+$8.62M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$5.23M |
| 4 |
SVG
Sun Valley Gold
Sun Valley,
Idaho
|
+$4.31M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$17.2M |
| 2 |
D.E. Shaw & Co
New York
|
-$7.99M |
| 3 |
ICM
Intrepid Capital Management
Jacksonville Beach,
Florida
|
-$5.84M |
| 4 |
JP Morgan Chase
New York
|
-$3.93M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$3.58M |
PAAS Hedge Fund Activity: Q3 2015 in Review
181 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q3 2015, worth a combined $464M — down 26% from $626M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new PAAS positions and 12 closed out — a net gain of 15 holders — while 56 added to existing stakes and 54 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $9.37M. The largest seller was Royce & Associates, cutting an estimated $17.2M.
- 181 institutional investors held Pan American Silver (PAAS) as of Q3 2015, up from 168 in Q2 2015.
- Funds reported $464M of Pan American Silver stock for Q3 2015, down 26% quarter-over-quarter.
- 27 funds opened new Pan American Silver positions in Q3 2015 and 12 closed out, a net change of +15 holders.
- The largest Pan American Silver buyer in Q3 2015 was Renaissance Technologies, an estimated $9.37M added.
- The largest Pan American Silver seller in Q3 2015 was Royce & Associates, an estimated $17.2M sold.
Based on aggregated 13F filings for Q3 2015.