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Pan American Silver

187 hedge funds and large institutions have $1.23B invested in Pan American Silver in 2017 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 61 increasing their positions, 53 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 30

15% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 53

2% more funds holding

Funds holding: 184187 (+3)

3.22% less ownership

Funds ownership: 54.72%51.5% (-3.2%)

14% less capital invested

Capital invested by funds: $1.43B → $1.23B (-$200M)

27% less call options, than puts

Call options by funds: $12.4M | Put options by funds: $16.9M

100% less funds holding in top 10

Funds holding in top 10: 20 (-2)

Holders
187
Holders Change
+3
Holders Change %
+1.63%
% of All Funds
4.24%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
35
Increased
61
Reduced
53
Closed
30
Calls
$12.4M
Puts
$16.9M
Net Calls
-$4.51M
Net Calls Change
+$1.88M
Name Holding Trade Value Shares
Change
Change in
Stake
VanEck Associates
1
VanEck Associates
New York
$278M +$20.7M +1,309,047 +8%
Connor, Clark & Lunn Investment Management (CC&L)
2
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$150M -$4.94M -311,935 -3%
TAM
3
Tocqueville Asset Management
New York
$73.4M -$11.9M -751,000 -14%
Millennium Management
4
Millennium Management
New York
$65M +$40.4M +2,552,381 +157%
Renaissance Technologies
5
Renaissance Technologies
New York
$59.6M +$1.2M +75,883 +2%
Vanguard Group
6
Vanguard Group
Pennsylvania
$50.3M +$1.55M +97,607 +3%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$49.2M +$608K +38,400 +1%
Ninety One (UK)
8
Ninety One (UK)
United Kingdom
$35.8M -$4.52M -285,531 -11%
Morgan Stanley
9
Morgan Stanley
New York
$27.1M +$5.6M +353,687 +25%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$25.2M +$1.27M +79,887 +5%
GXMC
11
Global X Management Company
New York
$21.4M +$2.07M +130,486 +10%
TD Asset Management
12
TD Asset Management
Ontario, Canada
$20.1M +$1.14M +71,968 +6%
AIMCA
13
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$18.5M
Norges Bank
14
Norges Bank
Norway
$18.3M
Deutsche Bank
15
Deutsche Bank
Germany
$18.2M -$39.2M -2,475,751 -68%
USAA
16
United Services Automobile Association
Texas
$16.4M
CS
17
Credit Suisse
Switzerland
$15.3M +$78K +4,925 +0.5%
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$14.2M +$1.87M +118,108 +15%
NP
19
Ninepoint Partners
Ontario, Canada
$12M +$7.4M +466,800 +154%
Public Sector Pension Investment Board (PSP Investments)
20
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$11.6M -$1.71M -108,100 -13%
Capital Fund Management (CFM)
21
Capital Fund Management (CFM)
France
$11.4M +$1.06M +67,046 +10%
MWNA
22
Marshall Wace North America
New York
$9.93M +$10.1M +637,012 New
Invesco
23
Invesco
Georgia
$9.29M -$731K -46,155 -7%
AAMU
24
Amundi Asset Management US
Massachusetts
$8.85M +$9.01M +568,800 New
Schroder Investment Management Group
25
Schroder Investment Management Group
United Kingdom
$8.54M -$4.4M -277,813 -34%

PAAS Hedge Fund Activity: Q4 2017 in Review

187 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q4 2017, worth a combined $1.23B — down 14% from $1.43B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new PAAS positions and 30 closed out — a net gain of 5 holders — while 61 added to existing stakes and 53 trimmed.

The largest buyer was Millennium Management, adding an estimated $40.4M. The largest seller was Pendal Group, cutting an estimated $108M.

  • 187 institutional investors held Pan American Silver (PAAS) as of Q4 2017, up from 184 in Q3 2017.
  • Funds reported $1.23B of Pan American Silver stock for Q4 2017, down 14% quarter-over-quarter.
  • 35 funds opened new Pan American Silver positions in Q4 2017 and 30 closed out, a net change of +5 holders.
  • The largest Pan American Silver buyer in Q4 2017 was Millennium Management, an estimated $40.4M added.
  • The largest Pan American Silver seller in Q4 2017 was Pendal Group, an estimated $108M sold.

Based on aggregated 13F filings for Q4 2017.