Southern Copper
SCCO
320 hedge funds and large institutions have $2.76B invested in Southern Copper in 2013 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 100 increasing their positions, 124 reducing their positions, and 45 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 2 → 6 (+4)
54% more call options, than puts
Call options by funds: $58.7M | Put options by funds: $38.1M
31% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 45
4% more funds holding
Funds holding: 308 → 320 (+12)
2% more capital invested
Capital invested by funds: $2.71B → $2.76B (+$48.4M)
0.42% less ownership
Funds ownership: 12.72% → 12.31% (-0.42%)
19% less repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 124
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
BlackRock Group
London,
United Kingdom
|
+$38.9M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$30.8M |
| 3 |
Barclays
London,
United Kingdom
|
+$27.7M |
| 4 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$25.1M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$22.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIG
American International Group
New York
|
-$108M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$50.2M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$32.6M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$26.3M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$22.8M |
SCCO Hedge Fund Activity: Q4 2013 in Review
320 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q4 2013, worth a combined $2.76B — up 1.8% from $2.71B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new SCCO positions and 45 closed out — a net gain of 14 holders — while 100 added to existing stakes and 124 trimmed.
The largest buyer was BlackRock Group, adding an estimated $38.9M. The largest seller was American International Group, cutting an estimated $108M.
- 320 institutional investors held Southern Copper (SCCO) as of Q4 2013, up from 308 in Q3 2013.
- Funds reported $2.76B of Southern Copper stock for Q4 2013, up 1.8% quarter-over-quarter.
- 59 funds opened new Southern Copper positions in Q4 2013 and 45 closed out, a net change of +14 holders.
- The largest Southern Copper buyer in Q4 2013 was BlackRock Group, an estimated $38.9M added.
- The largest Southern Copper seller in Q4 2013 was American International Group, an estimated $108M sold.
Based on aggregated 13F filings for Q4 2013.