Pan American Silver
PAAS
414 hedge funds and large institutions have $5.75B invested in Pan American Silver in 2025 Q2 according to their latest regulatory filings, with 81 funds opening new positions, 162 increasing their positions, 99 reducing their positions, and 39 closing their positions.
108% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 39
64% more repeat investments, than reductions
Existing positions increased: 162 | Existing positions reduced: 99
15% more capital invested
Capital invested by funds: $5B → $5.75B (+$755M)
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
9% more funds holding
Funds holding: 379 → 414 (+35)
2.55% more ownership
Funds ownership: 53.41% → 55.96% (+2.5%)
3% more call options, than puts
Call options by funds: $182M | Put options by funds: $177M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$156M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$77.3M |
| 3 |
AM
AGF Management
Toronto,
Ontario, Canada
|
+$54.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$52.1M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$50.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$260M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$99.6M |
| 3 |
BlackRock
New York
|
-$84.1M |
| 4 |
VanEck Associates
New York
|
-$55.4M |
| 5 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
-$41.3M |
PAAS Hedge Fund Activity: Q2 2025 in Review
414 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q2 2025, worth a combined $5.75B — up 15% from $5B a quarter earlier.
Buyers outnumbered sellers: 81 funds opened new PAAS positions and 39 closed out — a net gain of 42 holders — while 162 added to existing stakes and 99 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $156M. The largest seller was Fidelity International, cutting an estimated $260M.
- 414 institutional investors held Pan American Silver (PAAS) as of Q2 2025, up from 379 in Q1 2025.
- Funds reported $5.75B of Pan American Silver stock for Q2 2025, up 15% quarter-over-quarter.
- 81 funds opened new Pan American Silver positions in Q2 2025 and 39 closed out, a net change of +42 holders.
- The largest Pan American Silver buyer in Q2 2025 was Arrowstreet Capital, an estimated $156M added.
- The largest Pan American Silver seller in Q2 2025 was Fidelity International, an estimated $260M sold.
Based on aggregated 13F filings for Q2 2025.