Southern Copper
SCCO
241 hedge funds and large institutions have $1.78B invested in Southern Copper in 2017 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 70 increasing their positions, 88 reducing their positions, and 31 closing their positions.
54% more call options, than puts
Call options by funds: $23.4M | Put options by funds: $15.2M
18% more capital invested
Capital invested by funds: $1.51B → $1.78B (+$269M)
16% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 31
0.32% more ownership
Funds ownership: 6.69% → 7.01% (+0.32%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less funds holding
Funds holding: 244 → 241 (-3)
20% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 88
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$276M |
| 2 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$58.8M |
| 3 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$46.4M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$36.7M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$18.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$26.3M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$20.5M |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
-$17.3M |
| 4 |
TA
Teachers Advisors
New York
|
-$14.5M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$10.7M |
SCCO Hedge Fund Activity: Q1 2017 in Review
241 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q1 2017, worth a combined $1.78B — up 18% from $1.51B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new SCCO positions and 31 closed out — a net gain of 5 holders — while 70 added to existing stakes and 88 trimmed.
The largest buyer was BlackRock, adding an estimated $276M. The largest seller was Norges Bank, cutting an estimated $26.3M.
- 241 institutional investors held Southern Copper (SCCO) as of Q1 2017, down from 244 in Q4 2016.
- Funds reported $1.78B of Southern Copper stock for Q1 2017, up 18% quarter-over-quarter.
- 36 funds opened new Southern Copper positions in Q1 2017 and 31 closed out, a net change of +5 holders.
- The largest Southern Copper buyer in Q1 2017 was BlackRock, an estimated $276M added.
- The largest Southern Copper seller in Q1 2017 was Norges Bank, an estimated $26.3M sold.
Based on aggregated 13F filings for Q1 2017.