Southern Copper
SCCO
308 hedge funds and large institutions have $2.71B invested in Southern Copper in 2013 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 114 increasing their positions, 104 reducing their positions, and 44 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
72% more call options, than puts
Call options by funds: $86.8M | Put options by funds: $50.5M
10% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 104
0% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 44
0.42% less ownership
Funds ownership: 13.15% → 12.72% (-0.42%)
1% less funds holding
Funds holding: 310 → 308 (-2)
4% less capital invested
Capital invested by funds: $2.83B → $2.71B (-$120M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$51M |
| 2 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
+$50.8M |
| 3 |
BG
BlackRock Group
London,
United Kingdom
|
+$21.2M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$17.1M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$16.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Herndon Capital Management
Atlanta,
Georgia
|
-$66.7M |
| 2 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
-$25.8M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$25M |
| 4 |
Renaissance Technologies
New York
|
-$23.5M |
| 5 |
Two Sigma Investments
New York
|
-$22.5M |
SCCO Hedge Fund Activity: Q3 2013 in Review
308 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q3 2013, worth a combined $2.71B — down 4.2% from $2.83B a quarter earlier.
Fund positioning in SCCO was balanced in Q3 2013: 44 funds opened new positions, 44 closed out, 114 added to existing stakes and 104 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $51M. The largest seller was Herndon Capital Management, cutting an estimated $66.7M.
- 308 institutional investors held Southern Copper (SCCO) as of Q3 2013, down from 310 in Q2 2013.
- Funds reported $2.71B of Southern Copper stock for Q3 2013, down 4.2% quarter-over-quarter.
- 44 funds opened new Southern Copper positions in Q3 2013 and 44 closed out, a net change of 0 holders.
- The largest Southern Copper buyer in Q3 2013 was Fidelity Investments, an estimated $51M added.
- The largest Southern Copper seller in Q3 2013 was Herndon Capital Management, an estimated $66.7M sold.
Based on aggregated 13F filings for Q3 2013.