Americas Gold and Silver
USAS
154 hedge funds and large institutions have $560M invested in Americas Gold and Silver in 2026 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 47 increasing their positions, 31 reducing their positions, and 20 closing their positions.
519% more call options, than puts
Call options by funds: $35.3M | Put options by funds: $5.71M
200% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 20
52% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 31
36% more capital invested
Capital invested by funds: $412M → $560M (+$148M)
31% more funds holding
Funds holding: 118 → 154 (+36)
8.17% more ownership
Funds ownership: 25.33% → 33.49% (+8.2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$55.4M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$27.9M |
| 3 |
Two Sigma Investments
New York
|
+$22M |
| 4 |
GF
Gabelli Funds
Rye,
New York
|
+$15.3M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
Merk Investments
Menlo Park,
California
|
-$29.5M |
| 2 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
-$12.8M |
| 3 |
Millennium Management
New York
|
-$10.9M |
| 4 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$4.83M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$4.43M |
USAS Hedge Fund Activity: Q1 2026 in Review
154 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Americas Gold and Silver (USAS) for Q1 2026, worth a combined $560M — up 36% from $412M a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new USAS positions and 20 closed out — a net gain of 40 holders — while 47 added to existing stakes and 31 trimmed.
The largest buyer was VanEck Associates, adding an estimated $55.4M. The largest seller was Merk Investments, cutting an estimated $29.5M.
- 154 institutional investors held Americas Gold and Silver (USAS) as of Q1 2026, up from 118 in Q4 2025.
- Funds reported $560M of Americas Gold and Silver stock for Q1 2026, up 36% quarter-over-quarter.
- 60 funds opened new Americas Gold and Silver positions in Q1 2026 and 20 closed out, a net change of +40 holders.
- The largest Americas Gold and Silver buyer in Q1 2026 was VanEck Associates, an estimated $55.4M added.
- The largest Americas Gold and Silver seller in Q1 2026 was Merk Investments, an estimated $29.5M sold.
Based on aggregated 13F filings for Q1 2026.