Pan American Silver
PAAS
379 hedge funds and large institutions have $5B invested in Pan American Silver in 2025 Q1 according to their latest regulatory filings, with 63 funds opening new positions, 145 increasing their positions, 107 reducing their positions, and 52 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 107
21% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 52
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
2.79% more ownership
Funds ownership: 50.63% → 53.41% (+2.8%)
2% more funds holding
Funds holding: 372 → 379 (+7)
5% more call options, than puts
Call options by funds: $118M | Put options by funds: $112M
51% less capital invested
Capital invested by funds: $10.1B → $5B (-$5.15B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$134M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$81.1M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$37M |
| 4 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$23M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$22.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$30.2M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
-$28.2M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
-$27.4M |
| 4 |
BlackRock
New York
|
-$23.1M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$21.2M |
PAAS Hedge Fund Activity: Q1 2025 in Review
379 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q1 2025, worth a combined $5B — down 51% from $10.1B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new PAAS positions and 52 closed out — a net gain of 11 holders — while 145 added to existing stakes and 107 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $134M. The largest seller was Bank of New York Mellon, cutting an estimated $30.2M.
- 379 institutional investors held Pan American Silver (PAAS) as of Q1 2025, up from 372 in Q4 2024.
- Funds reported $5B of Pan American Silver stock for Q1 2025, down 51% quarter-over-quarter.
- 63 funds opened new Pan American Silver positions in Q1 2025 and 52 closed out, a net change of +11 holders.
- The largest Pan American Silver buyer in Q1 2025 was Fidelity Investments, an estimated $134M added.
- The largest Pan American Silver seller in Q1 2025 was Bank of New York Mellon, an estimated $30.2M sold.
Based on aggregated 13F filings for Q1 2025.