Pan American Silver
PAAS
564 hedge funds and large institutions have $12.2B invested in Pan American Silver in 2025 Q4 according to their latest regulatory filings, with 139 funds opening new positions, 169 increasing their positions, 169 reducing their positions, and 55 closing their positions.
153% more first-time investments, than exits
New positions opened: 139 | Existing positions closed: 55
40% more call options, than puts
Call options by funds: $671M | Put options by funds: $480M
34% more capital invested
Capital invested by funds: $9.08B → $12.2B (+$3.1B)
33% more funds holding in top 10
Funds holding in top 10: 12 → 16 (+4)
15% more funds holding
Funds holding: 489 → 564 (+75)
0% more repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 169
4.02% less ownership
Funds ownership: 59.7% → 55.69% (-4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$186M |
| 2 |
BlackRock
New York
|
+$178M |
| 3 |
Capital International Investors
Los Angeles,
California
|
+$174M |
| 4 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$58.5M |
| 5 |
JP Morgan Chase
New York
|
+$56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$233M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$164M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$88M |
| 4 |
Millennium Management
New York
|
-$78M |
| 5 |
SPC
Slate Path Capital
New York
|
-$77.9M |
PAAS Hedge Fund Activity: Q4 2025 in Review
564 of the 8,264 institutional investors tracked by Wall St. Rank reported a position in Pan American Silver (PAAS) for Q4 2025, worth a combined $12.2B — up 34% from $9.08B a quarter earlier.
Buyers outnumbered sellers: 139 funds opened new PAAS positions and 55 closed out — a net gain of 84 holders — while 169 added to existing stakes and 169 trimmed.
The largest buyer was Fidelity International, adding an estimated $186M. The largest seller was VanEck Associates, cutting an estimated $233M.
- 564 institutional investors held Pan American Silver (PAAS) as of Q4 2025, up from 489 in Q3 2025.
- Funds reported $12.2B of Pan American Silver stock for Q4 2025, up 34% quarter-over-quarter.
- 139 funds opened new Pan American Silver positions in Q4 2025 and 55 closed out, a net change of +84 holders.
- The largest Pan American Silver buyer in Q4 2025 was Fidelity International, an estimated $186M added.
- The largest Pan American Silver seller in Q4 2025 was VanEck Associates, an estimated $233M sold.
Based on aggregated 13F filings for Q4 2025.