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Southern Copper
SCCO

533 hedge funds and large institutions have $5.47B invested in Southern Copper in 2023 Q4 according to their latest regulatory filings, with 94 funds opening new positions, 181 increasing their positions, 166 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 44

19% more capital invested

Capital invested by funds: $4.61B → $5.47B (+$862M)

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

13% more call options, than puts

Call options by funds: $100M | Put options by funds: $88.2M

9% more funds holding

Funds holding: 488 → 533 (+45)

9% more repeat investments, than reductions

Existing positions increased: 181 | Existing positions reduced: 166

0.32% more ownership

Funds ownership: 8.55% → 8.87% (+0.32%)

Holders
533
Holders Change
+45
Holders Change %
+9.22%
% of All Funds
7.77%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.12%
New
94
Increased
181
Reduced
166
Closed
44
Calls
$100M
Puts
$88.2M
Net Calls
+$11.8M
Net Calls Change
-$2.54M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$116M
2
Neuberger Berman Group
Neuberger Berman Group
New York
+$84M
3
NNPTE
Nationale-Nederlanden Powszechne Towarzystwo Emerytalne
Poland
+$44.2M
4
BGIM
Brandywine Global Investment Management
Pennsylvania
+$32.1M
5
Ameriprise
Ameriprise
Minnesota
+$20.1M

Top Sellers

1
Marshall Wace
Marshall Wace
United Kingdom
-$44.5M
2
Mawer Investment Management
Mawer Investment Management
Alberta, Canada
-$26.7M
3
BlackRock
BlackRock
New York
-$26.7M
4
MAMU
Marathon Asset Management (UK)
United Kingdom
-$18.2M
5
APG Asset Management
APG Asset Management
Netherlands
-$17.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$584M -$26.7M -384,108 -5%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$566M -$15.6M -224,206 -3%
Morgan Stanley
3
Morgan Stanley
New York
$292M +$116M +1,671,436 +84%
Fisher Asset Management
4
Fisher Asset Management
Washington
$288M +$2.96M +42,525 +1%
Aberdeen Group
5
Aberdeen Group
United Kingdom
$262M +$5.1M +73,277 +2%
State Street
6
State Street
Massachusetts
$238M +$8.75M +125,809 +4%
Mawer Investment Management
7
Mawer Investment Management
Alberta, Canada
$194M -$26.7M -384,132 -14%
Neuberger Berman Group
8
Neuberger Berman Group
New York
$145M +$84M +1,207,176 +196%
Fidelity International
9
Fidelity International
Bermuda
$141M -$5.63M -80,956 -4%
Empower Advisory Group
10
Empower Advisory Group
Colorado
$109M +$2.09M +30,049 +2%
UBS AM
11
UBS AM
Illinois
$106M +$7.44M +106,884 +9%
JP Morgan Chase
12
JP Morgan Chase
New York
$89.1M +$2.58M +37,135 +3%
Goldman Sachs
13
Goldman Sachs
New York
$87.3M +$1.42M +20,369 +2%
Mirae Asset Global Investments
14
Mirae Asset Global Investments
South Korea
$85.8M -$11.6M -166,817 -13%
Vanguard Group
15
Vanguard Group
Pennsylvania
$82.4M -$800K -11,505 -1%
Ameriprise
16
Ameriprise
Minnesota
$82.3M +$20.1M +289,206 +39%
Legal & General Group
17
Legal & General Group
United Kingdom
$79.7M -$188K -2,709 -0.3%
1832 Asset Management
18
1832 Asset Management
Ontario, Canada
$73.9M -$2.64M -38,014 -4%
MAMU
19
Marathon Asset Management (UK)
United Kingdom
$73.4M -$18.2M -261,855 -22%
Norges Bank
20
Norges Bank
Norway
$71.8M -$2.05M -29,411 -3%
Northern Trust
21
Northern Trust
Illinois
$69.5M -$1.05M -15,072 -2%
BG
22
Bollard Group
Massachusetts
$65.2M +$706K +10,149 +1%
Bank of America
23
Bank of America
North Carolina
$62.6M +$12.4M +178,120 +29%
Allspring Global Investments
24
Allspring Global Investments
North Carolina
$55.3M -$4.59M -65,967 -9%
NNPTE
25
Nationale-Nederlanden Powszechne Towarzystwo Emerytalne
Poland
$50.7M +$44.2M +634,934 New
1
2 3 4 5

SCCO Hedge Fund Activity: Q4 2023 in Review

533 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q4 2023, worth a combined $5.47B — up 19% from $4.61B a quarter earlier.

Buyers outnumbered sellers: 94 funds opened new SCCO positions and 44 closed out — a net gain of 50 holders — while 181 added to existing stakes and 166 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $116M. The largest seller was Marshall Wace, cutting an estimated $44.5M.

  • 533 institutional investors held Southern Copper (SCCO) as of Q4 2023, up from 488 in Q3 2023.
  • Funds reported $5.47B of Southern Copper stock for Q4 2023, up 19% quarter-over-quarter.
  • 94 funds opened new Southern Copper positions in Q4 2023 and 44 closed out, a net change of +50 holders.
  • The largest Southern Copper buyer in Q4 2023 was Morgan Stanley, an estimated $116M added.
  • The largest Southern Copper seller in Q4 2023 was Marshall Wace, an estimated $44.5M sold.

Based on aggregated 13F filings for Q4 2023.