Southern Copper
SCCO
334 hedge funds and large institutions have $2.5B invested in Southern Copper in 2020 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 100 increasing their positions, 97 reducing their positions, and 26 closing their positions.
150% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 26
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
15% more capital invested
Capital invested by funds: $2.17B → $2.5B (+$331M)
13% more funds holding
Funds holding: 295 → 334 (+39)
8% more call options, than puts
Call options by funds: $13.5M | Put options by funds: $12.5M
3% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 97
0.06% more ownership
Funds ownership: 7.7% → 7.77% (+0.06%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$84M |
| 2 |
Goldman Sachs
New York
|
+$49.1M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$26.7M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$21.6M |
| 5 |
Neuberger Berman Group
New York
|
+$16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$131M |
| 2 |
BlackRock
New York
|
-$26.4M |
| 3 |
MNG
Manning & Napier Group
Fairport,
New York
|
-$16.2M |
| 4 |
State Street
Boston,
Massachusetts
|
-$12.4M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$11.5M |
SCCO Hedge Fund Activity: Q3 2020 in Review
334 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q3 2020, worth a combined $2.5B — up 15% from $2.17B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new SCCO positions and 26 closed out — a net gain of 39 holders — while 100 added to existing stakes and 97 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $84M. The largest seller was T. Rowe Price Associates, cutting an estimated $131M.
- 334 institutional investors held Southern Copper (SCCO) as of Q3 2020, up from 295 in Q2 2020.
- Funds reported $2.5B of Southern Copper stock for Q3 2020, up 15% quarter-over-quarter.
- 65 funds opened new Southern Copper positions in Q3 2020 and 26 closed out, a net change of +39 holders.
- The largest Southern Copper buyer in Q3 2020 was Arrowstreet Capital, an estimated $84M added.
- The largest Southern Copper seller in Q3 2020 was T. Rowe Price Associates, an estimated $131M sold.
Based on aggregated 13F filings for Q3 2020.