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USAS

Americas Gold and Silver

118 hedge funds and large institutions have $412M invested in Americas Gold and Silver in 2025 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 34 increasing their positions, 24 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

717% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 6

598% more call options, than puts

Call options by funds: $3.36M | Put options by funds: $482K

53% more funds holding

Funds holding: 77118 (+41)

42% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 24

39% more capital invested

Capital invested by funds: $296M → $412M (+$116M)

3.73% less ownership

Funds ownership: 29.05%25.33% (-3.7%)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

Holders
118
Holders Change
+41
Holders Change %
+53.25%
% of All Funds
1.43%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.02%
New
49
Increased
34
Reduced
24
Closed
6
Calls
$3.36M
Puts
$482K
Net Calls
+$2.88M
Net Calls Change
+$2.88M
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$2.22M +$1.13M +251,201 +138%
WAM
27
Weiss Asset Management
Massachusetts
$2.1M +$1.84M +410,125 New
Goldman Sachs
28
Goldman Sachs
New York
$2.02M +$1.32M +292,657 +285%
Balyasny Asset Management
29
Balyasny Asset Management
Illinois
$1.78M +$1.5M +332,938 +2,224%
Walleye Capital
30
Walleye Capital
New York
$1.72M +$1.51M +335,947 New
CIBC World Market
31
CIBC World Market
Ontario, Canada
$1.51M +$1.33M +294,622 New
HIM
32
HGC Investment Management
Ontario, Canada
$1.48M +$1.35M +300,000 New
TD Asset Management
33
TD Asset Management
Ontario, Canada
$1.46M +$288K +64,049 +29%
Citadel Advisors
34
Citadel Advisors
Florida
$1.41M -$162K -35,926 -12%
VanEck Associates
35
VanEck Associates
New York
$1.33M +$1.18M +261,298 New
KJHP
36
K.J. Harrison & Partners
Ontario, Canada
$1.24M +$798K +177,500 +276%
Legal & General Group
37
Legal & General Group
United Kingdom
$1.08M +$945K +210,011 New
Mackenzie Financial
38
Mackenzie Financial
Ontario, Canada
$1.08M +$456K +101,278 +100%
Vanguard Group
39
Vanguard Group
Pennsylvania
$1.04M +$908K +201,985 New
Cetera Investment Advisers
40
Cetera Investment Advisers
Illinois
$1.01M -$20K -4,440 -2%
Bank of Montreal
41
Bank of Montreal
Ontario, Canada
$1M -$255K -56,724 -23%
QT
42
Quantbot Technologies
New York
$919K +$323K +71,785 +66%
D.E. Shaw & Co
43
D.E. Shaw & Co
New York
$873K +$769K +170,886 New
N
44
Nuveen
North Carolina
$850K +$745K +165,550 New
Two Sigma Advisers
45
Two Sigma Advisers
New York
$844K +$149K +33,115 +25%
SSA
46
Schonfeld Strategic Advisors
New York
$821K +$723K +160,747 New
Geode Capital Management
47
Geode Capital Management
Massachusetts
$754K +$661K +146,927 New
Point72 Asset Management
48
Point72 Asset Management
Connecticut
$733K +$645K +143,438 New
Cambridge Investment Research Advisors
49
Cambridge Investment Research Advisors
Iowa
$708K -$37.1K -8,259 -6%
EGM
50
Engineers Gate Manager
New York
$698K +$614K +136,492 New

USAS Hedge Fund Activity: Q4 2025 in Review

118 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Americas Gold and Silver (USAS) for Q4 2025, worth a combined $412M — up 39% from $296M a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new USAS positions and 6 closed out — a net gain of 43 holders — while 34 added to existing stakes and 24 trimmed.

The largest buyer was Polar Asset Management Partners, opening a new position worth an estimated $11.8M. The largest seller was NewGen Asset Management, cutting an estimated $13.9M.

  • 118 institutional investors held Americas Gold and Silver (USAS) as of Q4 2025, up from 77 in Q3 2025.
  • Funds reported $412M of Americas Gold and Silver stock for Q4 2025, up 39% quarter-over-quarter.
  • 49 funds opened new Americas Gold and Silver positions in Q4 2025 and 6 closed out, a net change of +43 holders.
  • The largest Americas Gold and Silver buyer in Q4 2025 was Polar Asset Management Partners, an estimated $11.8M added.
  • The largest Americas Gold and Silver seller in Q4 2025 was NewGen Asset Management, an estimated $13.9M sold.

Based on aggregated 13F filings for Q4 2025.