Primero Mining Corp
PPP
PPP was delisted on the 14th of August, 2017.
84 hedge funds and large institutions have $162M invested in Primero Mining Corp in 2016 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 27 reducing their positions, and 22 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 27
10% less funds holding
Funds holding: 93 → 84 (-9)
29% less capital invested
Capital invested by funds: $228M → $162M (-$66M)
41% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 22
84% less call options, than puts
Call options by funds: $158K | Put options by funds: $970K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
+$4.27M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$3.89M |
| 3 |
THCM
Tipp Hill Capital Management
New York
|
+$2.19M |
| 4 |
D.E. Shaw & Co
New York
|
+$1.67M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Tocqueville Asset Management
New York
|
-$19.2M |
| 2 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$7.47M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
-$3.69M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$3.34M |
| 5 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Legal & General Group
London,
United Kingdom
| – | -$14K | -6,349 | Closed |
|
|
HIM
102
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$3K | -1,450 | Closed |
|
103
JP Morgan Chase
New York
| – | +$389 | +200 | New |
|
PPP Hedge Fund Activity: Q1 2016 in Review
84 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Primero Mining Corp (PPP) for Q1 2016, worth a combined $162M — down 29% from $228M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of PPP and 13 opened new positions — a net loss of 9 holders — while 27 trimmed existing stakes and 35 added.
The largest buyer was OppenheimerFunds, adding an estimated $4.27M. The largest seller was Tocqueville Asset Management, exiting entirely with an estimated $19.2M sold.
- 84 institutional investors held Primero Mining Corp (PPP) as of Q1 2016, down from 93 in Q4 2015.
- Funds reported $162M of Primero Mining Corp stock for Q1 2016, down 29% quarter-over-quarter.
- 13 funds opened new Primero Mining Corp positions in Q1 2016 and 22 closed out, a net change of -9 holders.
- The largest Primero Mining Corp buyer in Q1 2016 was OppenheimerFunds, an estimated $4.27M added.
- The largest Primero Mining Corp seller in Q1 2016 was Tocqueville Asset Management, an estimated $19.2M sold.
Based on aggregated 13F filings for Q1 2016.