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Southern Copper
SCCO

241 hedge funds and large institutions have $1.78B invested in Southern Copper in 2017 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 70 increasing their positions, 88 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more call options, than puts

Call options by funds: $23M | Put options by funds: $14.5M

18% more capital invested

Capital invested by funds: $1.51B → $1.78B (+$273M)

16% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 31

0.34% more ownership

Funds ownership: 6.6% → 6.93% (+0.34%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1% less funds holding

Funds holding: 244 → 241 (-3)

20% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 88

Holders
241
Holders Change
-3
Holders Change %
-1.23%
% of All Funds
6%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
36
Increased
70
Reduced
88
Closed
31
Calls
$23M
Puts
$14.5M
Net Calls
+$8.51M
Net Calls Change
+$11.4M

Top Buyers

1
BlackRock
BlackRock
New York
+$276M
2
MNA
Manning & Napier Advisors
New York
+$58.8M
3
CGM
Capital Growth Management
Massachusetts
+$46.4M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$36.7M
5
Prudential Financial
Prudential Financial
New Jersey
+$18.9M

Top Sellers

1
Norges Bank
Norges Bank
Norway
-$26.3M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$20.5M
3
PP
Prudential plc
United Kingdom
-$17.3M
4
TA
Teachers Advisors
New York
-$14.5M
5
WRF
Waddell & Reed Financial
Kansas
-$10.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
CHC
226
City Holding Co
West Virginia
$4K – – –
LIA
227
LS Investment Advisors
Michigan
$3K – – –
QAM
228
QCI Asset Management
New York
$3K +$2.57K +76 New
TG
229
TLP Group
Illinois
$3K +$3.22K +95 New
WEC
230
Winslow Evans & Crocker
Massachusetts
$2.87K – – –
PRS
231
Pinkerton Retirement Specialists
Idaho
$2K – – –
WAM
232
Wealthspire Advisors (Maryland)
Maryland
$2K +$1.66K +49 New
AAF
233
Andra AP-fonden
Sweden
$1.26K +$859K +25,350 +203%
AIS
234
Accurate Investment Solutions
Pennsylvania
$1K – – –
WA
235
Winfield Associates
Ohio
$1K +$542 +16 +73%
BWM
236
Baystate Wealth Management
Massachusetts
$1K +$1.08K +32 New
PFO
237
Pathstone Family Office
New Jersey
$1K +$1.49K +44 New
Walleye Trading
238
Walleye Trading
New York
$184 +$187K +5,532 New
WRF
239
Waddell & Reed Financial
Kansas
– -$10.7M -361,854 Closed
Millennium Management
240
Millennium Management
New York
– -$9.79M -330,818 Closed
QC
241
Quadrature Capital
United Kingdom
– -$4.18M -140,988 Closed
PMAM
242
Picton Mahoney Asset Management
Ontario, Canada
– -$3.86M -130,524 Closed
Marshall Wace
243
Marshall Wace
United Kingdom
– -$3.32M -111,995 Closed
D.E. Shaw & Co
244
D.E. Shaw & Co
New York
– -$1.26M -42,579 Closed
Acadian Asset Management
245
Acadian Asset Management
Massachusetts
– -$761K -25,692 Closed
RFCA
246
R&F Capital Advisors
New York
– -$600K -20,278 Closed
Verition Fund Management
247
Verition Fund Management
Connecticut
– -$555K -18,742 Closed
Jane Street
248
Jane Street
New York
– -$484K -14,303 Closed
PM
249
Parametrica Management
Hong Kong
– -$406K -13,726 Closed
EMG
250
Ellington Management Group
Connecticut
– -$339K -11,434 Closed
7 8 9
10
11

SCCO Hedge Fund Activity: Q1 2017 in Review

241 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q1 2017, worth a combined $1.78B — up 18% from $1.51B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new SCCO positions and 31 closed out — a net gain of 5 holders — while 70 added to existing stakes and 88 trimmed.

The largest buyer was BlackRock, adding an estimated $276M. The largest seller was Norges Bank, cutting an estimated $26.3M.

  • 241 institutional investors held Southern Copper (SCCO) as of Q1 2017, down from 244 in Q4 2016.
  • Funds reported $1.78B of Southern Copper stock for Q1 2017, up 18% quarter-over-quarter.
  • 36 funds opened new Southern Copper positions in Q1 2017 and 31 closed out, a net change of +5 holders.
  • The largest Southern Copper buyer in Q1 2017 was BlackRock, an estimated $276M added.
  • The largest Southern Copper seller in Q1 2017 was Norges Bank, an estimated $26.3M sold.

Based on aggregated 13F filings for Q1 2017.