Southern Copper
SCCO
300 hedge funds and large institutions have $3.14B invested in Southern Copper in 2018 Q1 according to their latest regulatory filings, with 59 funds opening new positions, 88 increasing their positions, 99 reducing their positions, and 31 closing their positions.
90% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 31
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
27% more call options, than puts
Call options by funds: $37.3M | Put options by funds: $29.4M
22% more capital invested
Capital invested by funds: $2.57B → $3.14B (+$575M)
9% more funds holding
Funds holding: 275 → 300 (+25)
0.56% more ownership
Funds ownership: 7.61% → 8.17% (+0.56%)
11% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 99
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$231M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$73.4M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$53.7M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$33.9M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
+$25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MNG
Manning & Napier Group
Fairport,
New York
|
-$52.9M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$47.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$31.2M |
| 4 |
BlackRock
New York
|
-$26.4M |
| 5 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
-$22.2M |
SCCO Hedge Fund Activity: Q1 2018 in Review
300 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q1 2018, worth a combined $3.14B — up 22% from $2.57B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new SCCO positions and 31 closed out — a net gain of 28 holders — while 88 added to existing stakes and 99 trimmed.
The largest buyer was Capital World Investors, opening a new position worth an estimated $231M. The largest seller was Manning & Napier Group, cutting an estimated $52.9M.
- 300 institutional investors held Southern Copper (SCCO) as of Q1 2018, up from 275 in Q4 2017.
- Funds reported $3.14B of Southern Copper stock for Q1 2018, up 22% quarter-over-quarter.
- 59 funds opened new Southern Copper positions in Q1 2018 and 31 closed out, a net change of +28 holders.
- The largest Southern Copper buyer in Q1 2018 was Capital World Investors, an estimated $231M added.
- The largest Southern Copper seller in Q1 2018 was Manning & Napier Group, an estimated $52.9M sold.
Based on aggregated 13F filings for Q1 2018.