Americas Gold and Silver
USAS
57 hedge funds and large institutions have $78.7M invested in Americas Gold and Silver in 2025 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 6 closing their positions.
488% more capital invested
Capital invested by funds: $13.4M → $78.7M (+$65.3M)
167% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 6
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
19% more funds holding
Funds holding: 48 → 57 (+9)
4.88% more ownership
Funds ownership: 5.07% → 9.94% (+4.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
Merk Investments
Menlo Park,
California
|
+$34.8M |
| 2 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
+$13.2M |
| 3 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$2.68M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$1.75M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$1.17M |
| 2 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
-$305K |
| 3 |
AFM
Anson Funds Management
Dallas,
Texas
|
-$193K |
| 4 |
WA
WealthTrust Axiom
Wayne,
Pennsylvania
|
-$88.3K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$18.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FDCDDQ
51
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $2K | – | – | – |
|
52
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $954 | +$916 | +720 | New |
|
|
MCM
53
MAI Capital Management
Independence,
Ohio
| $578 | -$453 | -356 | -45% |
|
|
SS
54
SBI Securities
Tokyo,
Japan
| $447 | – | – | – |
|
55
Jones Financial Companies
Des Peres,
Missouri
| $216 | +$204 | +160 | New |
|
|
HI
56
Harbour Investments
Madison,
Wisconsin
| $211 | – | – | – |
|
|
PA
57
Parallel Advisors
San Francisco,
California
| $69 | – | – | – |
|
|
AFM
58
Anson Funds Management
Dallas,
Texas
| – | -$193K | -201,760 | Closed |
|
|
59
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$18.9K | -20,096 | Closed |
|
60
CIBC World Market
Toronto,
Ontario, Canada
| – | -$14K | -14,164 | Closed |
|
|
PAS
61
Point72 Asia (Singapore)
Singapore
| – | -$10.2K | -10,869 | Closed |
|
|
PI
62
PFG Investments
Woodbury,
New York
| – | -$4.05K | -4,308 | Closed |
|
|
FZCM
63
Flynn Zito Capital Management
Garden City,
New York
| – | -$3.76K | -4,000 | Closed |
|
USAS Hedge Fund Activity: Q1 2025 in Review
57 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Americas Gold and Silver (USAS) for Q1 2025, worth a combined $78.7M — up 488% from $13.4M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new USAS positions and 6 closed out — a net gain of 10 holders — while 18 added to existing stakes and 10 trimmed.
The largest buyer was Merk Investments, adding an estimated $34.8M. The largest seller was Tidal Investments, cutting an estimated $1.17M.
- 57 institutional investors held Americas Gold and Silver (USAS) as of Q1 2025, up from 48 in Q4 2024.
- Funds reported $78.7M of Americas Gold and Silver stock for Q1 2025, up 488% quarter-over-quarter.
- 16 funds opened new Americas Gold and Silver positions in Q1 2025 and 6 closed out, a net change of +10 holders.
- The largest Americas Gold and Silver buyer in Q1 2025 was Merk Investments, an estimated $34.8M added.
- The largest Americas Gold and Silver seller in Q1 2025 was Tidal Investments, an estimated $1.17M sold.
Based on aggregated 13F filings for Q1 2025.