Southern Copper
SCCO
501 hedge funds and large institutions have $4.2B invested in Southern Copper in 2023 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 169 increasing their positions, 166 reducing their positions, and 60 closing their positions.
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
2% more call options, than puts
Call options by funds: $84.4M | Put options by funds: $82.4M
2% more repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 166
0.36% less ownership
Funds ownership: 8.63% → 8.26% (-0.36%)
1% less funds holding
Funds holding: 505 → 501 (-4)
3% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 60
10% less capital invested
Capital invested by funds: $4.66B → $4.2B (-$457M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$29.2M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
+$28.8M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$26.6M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
+$23.5M |
| 5 |
Millennium Management
New York
|
+$19.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$86.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$68.2M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$43.4M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$33.1M |
| 5 |
BlackRock
New York
|
-$29M |
SCCO Hedge Fund Activity: Q2 2023 in Review
501 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q2 2023, worth a combined $4.2B — down 9.8% from $4.66B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of SCCO and 58 opened new positions — a net loss of 2 holders — while 166 trimmed existing stakes and 169 added.
The largest buyer was JP Morgan Chase, adding an estimated $29.2M. The largest seller was Fidelity International, cutting an estimated $86.1M.
- 501 institutional investors held Southern Copper (SCCO) as of Q2 2023, down from 505 in Q1 2023.
- Funds reported $4.2B of Southern Copper stock for Q2 2023, down 9.8% quarter-over-quarter.
- 58 funds opened new Southern Copper positions in Q2 2023 and 60 closed out, a net change of -2 holders.
- The largest Southern Copper buyer in Q2 2023 was JP Morgan Chase, an estimated $29.2M added.
- The largest Southern Copper seller in Q2 2023 was Fidelity International, an estimated $86.1M sold.
Based on aggregated 13F filings for Q2 2023.