Pan American Silver
PAAS
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.
50.21% more ownership
Funds ownership: 0% → 50.21% (+50%)
33% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 27
4% more funds holding
Funds holding: 186 → 193 (+7)
10% less capital invested
Capital invested by funds: $1.29B → $1.16B (-$124M)
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: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WBC
Westpac Banking Corp
Sydney,
Australia
|
+$96.6M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$35.1M |
| 3 |
Millennium Management
New York
|
+$16.5M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$9.98M |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$5.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GXMC
Global X Management Company
New York
|
-$28.5M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$21.2M |
| 3 |
Renaissance Technologies
New York
|
-$13.7M |
| 4 |
D.E. Shaw & Co
New York
|
-$11.8M |
| 5 |
PSCM
Prince Street Capital Management
New York
|
-$10.2M |
PAAS Hedge Fund Activity: Q4 2016 in Review
193 of the 4,008 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.