Southern Copper
SCCO
575 hedge funds and large institutions have $7.13B invested in Southern Copper in 2024 Q1 according to their latest regulatory filings, with 99 funds opening new positions, 200 increasing their positions, 176 reducing their positions, and 53 closing their positions.
87% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 53
37% more call options, than puts
Call options by funds: $141M | Put options by funds: $103M
30% more capital invested
Capital invested by funds: $5.47B → $7.13B (+$1.66B)
14% more repeat investments, than reductions
Existing positions increased: 200 | Existing positions reduced: 176
8% more funds holding
Funds holding: 534 → 575 (+41)
0.55% more ownership
Funds ownership: 8.97% → 9.52% (+0.55%)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$275M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$103M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$77.4M |
| 4 |
BlackRock
New York
|
+$59.9M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$46.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$117M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
-$41.6M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$36.7M |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$36.6M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$20.9M |
SCCO Hedge Fund Activity: Q1 2024 in Review
575 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Southern Copper (SCCO) for Q1 2024, worth a combined $7.13B — up 30% from $5.47B a quarter earlier.
Buyers outnumbered sellers: 99 funds opened new SCCO positions and 53 closed out — a net gain of 46 holders — while 200 added to existing stakes and 176 trimmed.
The largest buyer was Capital World Investors, opening a new position worth an estimated $275M. The largest seller was Neuberger Berman Group, cutting an estimated $117M.
- 575 institutional investors held Southern Copper (SCCO) as of Q1 2024, up from 534 in Q4 2023.
- Funds reported $7.13B of Southern Copper stock for Q1 2024, up 30% quarter-over-quarter.
- 99 funds opened new Southern Copper positions in Q1 2024 and 53 closed out, a net change of +46 holders.
- The largest Southern Copper buyer in Q1 2024 was Capital World Investors, an estimated $275M added.
- The largest Southern Copper seller in Q1 2024 was Neuberger Berman Group, an estimated $117M sold.
Based on aggregated 13F filings for Q1 2024.