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Pan American Silver

193 hedge funds and large institutions have $1.16B invested in Pan American Silver in 2016 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 55 increasing their positions, 71 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

50.2% more ownership

Funds ownership: 0%50.2% (+50%)

33% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 27

4% more funds holding

Funds holding: 186193 (+7)

10% less capital invested

Capital invested by funds: $1.29B → $1.16B (-$125M)

18% less call options, than puts

Call options by funds: $30.6M | Put options by funds: $37.3M

23% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 71

100% less funds holding in top 10

Funds holding in top 10: 20 (-2)

Holders
193
Holders Change
+7
Holders Change %
+3.76%
% of All Funds
4.83%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
36
Increased
55
Reduced
71
Closed
27
Calls
$30.6M
Puts
$37.3M
Net Calls
-$6.67M
Net Calls Change
+$9.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Connor, Clark & Lunn Investment Management (CC&L)
1
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$162M +$35.1M +2,180,114 +25%
VanEck Associates
2
VanEck Associates
New York
$137M +$4.31M +267,427 +3%
WBC
3
Westpac Banking Corp
Australia
$90.3M +$96.6M +5,992,521 New
TAM
4
Tocqueville Asset Management
New York
$88.3M +$816K +50,600 +0.9%
Renaissance Technologies
5
Renaissance Technologies
New York
$52.3M -$13.7M -850,617 -20%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$52.2M +$177K +11,000 +0.3%
Deutsche Bank
7
Deutsche Bank
Germany
$42.3M +$3.63M +224,940 +9%
Ninety One (UK)
8
Ninety One (UK)
United Kingdom
$41.3M +$3.1M +192,110 +8%
Vanguard Group
9
Vanguard Group
Pennsylvania
$39.9M +$2.25M +139,701 +6%
AIMCA
10
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$30.8M +$5.03M +312,300 +26%
Morgan Stanley
11
Morgan Stanley
New York
$22.6M -$144K -8,947 -0.6%
Invesco
12
Invesco
Georgia
$18.9M -$1.37M -84,922 -6%
Fidelity International
13
Fidelity International
Bermuda
$18.7M -$488K -30,258 -2%
TD Asset Management
14
TD Asset Management
Ontario, Canada
$17.5M -$2.11M -131,000 -10%
DSC
15
Donald Smith & Co
New York
$16.7M -$8.98K -557 -0.1%
USAA
16
United Services Automobile Association
Texas
$16.6M -$2.42M -150,000 -12%
Millennium Management
17
Millennium Management
New York
$16.4M +$16.5M +1,025,218 +1,680%
GXMC
18
Global X Management Company
New York
$16M -$28.5M -1,768,147 -62%
Public Sector Pension Investment Board (PSP Investments)
19
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$15.2M -$575K -35,700 -3%
Norges Bank
20
Norges Bank
Norway
$13.7M
BIM
21
Bogle Investment Management
Massachusetts
$11.6M +$2.18M +135,048 +21%
SI
22
Sprott Inc
Ontario, Canada
$9.77M +$1.76M +109,341 +20%
Bank of Montreal
23
Bank of Montreal
Ontario, Canada
$9.73M +$3.4M +210,812 +58%
DCM
24
Driehaus Capital Management
Illinois
$9.33M +$9.98M +618,977 New
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$9.28M -$2.5M -154,974 -20%

PAAS Hedge Fund Activity: Q4 2016 in Review

193 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q4 2016, worth a combined $1.16B — down 9.7% from $1.29B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new PAAS positions and 27 closed out — a net gain of 9 holders — while 55 added to existing stakes and 71 trimmed.

The largest buyer was Westpac Banking Corp, opening a new position worth an estimated $96.6M. The largest seller was Global X Management Company, cutting an estimated $28.5M.

  • 193 institutional investors held Pan American Silver (PAAS) as of Q4 2016, up from 186 in Q3 2016.
  • Funds reported $1.16B of Pan American Silver stock for Q4 2016, down 9.7% quarter-over-quarter.
  • 36 funds opened new Pan American Silver positions in Q4 2016 and 27 closed out, a net change of +9 holders.
  • The largest Pan American Silver buyer in Q4 2016 was Westpac Banking Corp, an estimated $96.6M added.
  • The largest Pan American Silver seller in Q4 2016 was Global X Management Company, an estimated $28.5M sold.

Based on aggregated 13F filings for Q4 2016.