Pan American Silver
PAAS
308 hedge funds and large institutions have $2.7B invested in Pan American Silver in 2023 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 107 increasing their positions, 100 reducing their positions, and 51 closing their positions.
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
45% more call options, than puts
Call options by funds: $143M | Put options by funds: $98.2M
7% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 100
0% more capital invested
Capital invested by funds: $2.69B → $2.7B (+$5.37M)
0.18% less ownership
Funds ownership: 50.85% → 50.67% (-0.18%)
5% less funds holding
Funds holding: 324 → 308 (-16)
29% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$43.8M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$22M |
| 3 |
SPC
Slate Path Capital
New York
|
+$21.4M |
| 4 |
Goldman Sachs
New York
|
+$18.8M |
| 5 |
LOAME
Lombard Odier Asset Management (Europe)
London,
United Kingdom
|
+$11.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$26.6M |
| 2 |
Man Group
London,
United Kingdom
|
-$26.4M |
| 3 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$25.3M |
| 4 |
Citigroup
New York
|
-$22.2M |
| 5 |
Renaissance Technologies
New York
|
-$21.5M |
PAAS Hedge Fund Activity: Q3 2023 in Review
308 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q3 2023, worth a combined $2.7B — up 0.2% from $2.69B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of PAAS and 36 opened new positions — a net loss of 15 holders — while 100 trimmed existing stakes and 107 added.
The largest buyer was VanEck Associates, adding an estimated $43.8M. The largest seller was Orbis Allan Gray, cutting an estimated $26.6M.
- 308 institutional investors held Pan American Silver (PAAS) as of Q3 2023, down from 324 in Q2 2023.
- Funds reported $2.7B of Pan American Silver stock for Q3 2023, up 0.2% quarter-over-quarter.
- 36 funds opened new Pan American Silver positions in Q3 2023 and 51 closed out, a net change of -15 holders.
- The largest Pan American Silver buyer in Q3 2023 was VanEck Associates, an estimated $43.8M added.
- The largest Pan American Silver seller in Q3 2023 was Orbis Allan Gray, an estimated $26.6M sold.
Based on aggregated 13F filings for Q3 2023.