Southern Copper
SCCO
297 hedge funds and large institutions have $3.01B invested in Southern Copper in 2014 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 107 increasing their positions, 116 reducing their positions, and 48 closing their positions.
82% more call options, than puts
Call options by funds: $94.9M | Put options by funds: $52M
9% more capital invested
Capital invested by funds: $2.75B → $3.01B (+$259M)
1.08% more ownership
Funds ownership: 12.45% → 13.54% (+1.1%)
8% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 116
7% less funds holding
Funds holding: 320 → 297 (-23)
42% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 48
83% less funds holding in top 10
Funds holding in top 10: 6 → 1 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$151M |
| 2 |
BG
BlackRock Group
London,
United Kingdom
|
+$117M |
| 3 |
Millennium Management
New York
|
+$28.5M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$28.2M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
+$25.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$35.3M |
| 2 |
Barclays
London,
United Kingdom
|
-$30.4M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$20.7M |
| 4 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
-$19M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$18.6M |
SCCO Hedge Fund Activity: Q1 2014 in Review
297 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q1 2014, worth a combined $3.01B — up 9.4% from $2.75B a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of SCCO and 28 opened new positions — a net loss of 20 holders — while 116 trimmed existing stakes and 107 added.
The largest buyer was BlackRock Advisors, adding an estimated $151M. The largest seller was Fidelity Investments, cutting an estimated $35.3M.
- 297 institutional investors held Southern Copper (SCCO) as of Q1 2014, down from 320 in Q4 2013.
- Funds reported $3.01B of Southern Copper stock for Q1 2014, up 9.4% quarter-over-quarter.
- 28 funds opened new Southern Copper positions in Q1 2014 and 48 closed out, a net change of -20 holders.
- The largest Southern Copper buyer in Q1 2014 was BlackRock Advisors, an estimated $151M added.
- The largest Southern Copper seller in Q1 2014 was Fidelity Investments, an estimated $35.3M sold.
Based on aggregated 13F filings for Q1 2014.