Southern Copper
SCCO
285 hedge funds and large institutions have $3B invested in Southern Copper in 2014 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 92 increasing their positions, 108 reducing their positions, and 42 closing their positions.
23% more call options, than puts
Call options by funds: $59.5M | Put options by funds: $48.3M
0.64% less ownership
Funds ownership: 13.75% → 13.11% (-0.64%)
10% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 42
3% less funds holding
Funds holding: 295 → 285 (-10)
7% less capital invested
Capital invested by funds: $3.23B → $3B (-$232M)
15% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 108
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$39.7M |
| 2 |
Morgan Stanley
New York
|
+$34.7M |
| 3 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$26.2M |
| 4 |
Goldman Sachs
New York
|
+$16.9M |
| 5 |
Axa
Paris,
France
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$93.2M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$80.6M |
| 3 |
BG
BlackRock Group
London,
United Kingdom
|
-$39.7M |
| 4 |
HCM
Herndon Capital Management
Atlanta,
Georgia
|
-$29.6M |
| 5 |
Millennium Management
New York
|
-$22.3M |
SCCO Hedge Fund Activity: Q3 2014 in Review
285 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q3 2014, worth a combined $3B — down 7.2% from $3.23B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of SCCO and 38 opened new positions — a net loss of 4 holders — while 108 trimmed existing stakes and 92 added.
The largest buyer was Wellington Management Group, adding an estimated $39.7M. The largest seller was Thornburg Investment Management, cutting an estimated $93.2M.
- 285 institutional investors held Southern Copper (SCCO) as of Q3 2014, down from 295 in Q2 2014.
- Funds reported $3B of Southern Copper stock for Q3 2014, down 7.2% quarter-over-quarter.
- 38 funds opened new Southern Copper positions in Q3 2014 and 42 closed out, a net change of -4 holders.
- The largest Southern Copper buyer in Q3 2014 was Wellington Management Group, an estimated $39.7M added.
- The largest Southern Copper seller in Q3 2014 was Thornburg Investment Management, an estimated $93.2M sold.
Based on aggregated 13F filings for Q3 2014.