Southern Copper
SCCO
295 hedge funds and large institutions have $2.16B invested in Southern Copper in 2019 Q1 according to their latest regulatory filings, with 61 funds opening new positions, 102 increasing their positions, 77 reducing their positions, and 60 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
32% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 77
27% more capital invested
Capital invested by funds: $1.71B → $2.16B (+$454M)
15% more call options, than puts
Call options by funds: $15M | Put options by funds: $13M
2% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 60
0.21% less ownership
Funds ownership: 7.81% → 7.6% (-0.21%)
1% less funds holding
Funds holding: 297 → 295 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$29.5M |
| 2 |
BlackRock
New York
|
+$26.5M |
| 3 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$25.1M |
| 4 |
DG
Delek Group
Herzliya,
Israel
|
+$16.9M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$16.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$58.3M |
| 2 |
Morgan Stanley
New York
|
-$47.9M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$41.2M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$35M |
| 5 |
Renaissance Technologies
New York
|
-$22.8M |
SCCO Hedge Fund Activity: Q1 2019 in Review
295 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q1 2019, worth a combined $2.16B — up 27% from $1.71B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new SCCO positions and 60 closed out — a net gain of 1 holder — while 102 added to existing stakes and 77 trimmed.
The largest buyer was Capital Growth Management, opening a new position worth an estimated $29.5M. The largest seller was Ameriprise, cutting an estimated $58.3M.
- 295 institutional investors held Southern Copper (SCCO) as of Q1 2019, down from 297 in Q4 2018.
- Funds reported $2.16B of Southern Copper stock for Q1 2019, up 27% quarter-over-quarter.
- 61 funds opened new Southern Copper positions in Q1 2019 and 60 closed out, a net change of +1 holder.
- The largest Southern Copper buyer in Q1 2019 was Capital Growth Management, an estimated $29.5M added.
- The largest Southern Copper seller in Q1 2019 was Ameriprise, an estimated $58.3M sold.
Based on aggregated 13F filings for Q1 2019.