Southern Copper
SCCO
505 hedge funds and large institutions have $4.66B invested in Southern Copper in 2023 Q1 according to their latest regulatory filings, with 80 funds opening new positions, 171 increasing their positions, 164 reducing their positions, and 43 closing their positions.
86% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 43
30% more capital invested
Capital invested by funds: $3.58B → $4.66B (+$1.08B)
17% more call options, than puts
Call options by funds: $117M | Put options by funds: $101M
5% more funds holding
Funds holding: 480 → 505 (+25)
4% more repeat investments, than reductions
Existing positions increased: 171 | Existing positions reduced: 164
0.27% more ownership
Funds ownership: 8.35% → 8.63% (+0.27%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
+$179M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
+$114M |
| 3 |
BlackRock
New York
|
+$55.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$50.3M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$34.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$229M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$55.9M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$55.5M |
| 4 |
JP Morgan Chase
New York
|
-$34M |
| 5 |
N
Natixis
Paris,
France
|
-$16.9M |
SCCO Hedge Fund Activity: Q1 2023 in Review
505 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q1 2023, worth a combined $4.66B — up 30% from $3.58B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new SCCO positions and 43 closed out — a net gain of 37 holders — while 171 added to existing stakes and 164 trimmed.
The largest buyer was Mawer Investment Management, adding an estimated $179M. The largest seller was Fidelity International, cutting an estimated $229M.
- 505 institutional investors held Southern Copper (SCCO) as of Q1 2023, up from 480 in Q4 2022.
- Funds reported $4.66B of Southern Copper stock for Q1 2023, up 30% quarter-over-quarter.
- 80 funds opened new Southern Copper positions in Q1 2023 and 43 closed out, a net change of +37 holders.
- The largest Southern Copper buyer in Q1 2023 was Mawer Investment Management, an estimated $179M added.
- The largest Southern Copper seller in Q1 2023 was Fidelity International, an estimated $229M sold.
Based on aggregated 13F filings for Q1 2023.