undamentalytics Newsletter

PAN American Silver Corp: which funds bought and sold

Institutions that bought and sold PAN American Silver shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 262 institutions that filed 13F reports for both quarters added to or opened positions in PAN American Silver, and 291 cut or closed them. Together they sold a net 5.5M shares, −2.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 2.0M shares (−4.3%); index fund managers were net buyers of 285K shares (+1.0%). 58 opened a new position and 94 sold out entirely.

Bought, Q2 2026 262 institutions, 58 of them new holders Sold, Q2 2026 291 institutions, 94 of them sold out
Net change, all compared −5.5M shares (−2.5%)
Net change, active managers −2.0M shares (−4.3%), 31 bought, 30 sold

Buyers versus sellers

institutions compared, 667
Active managers and hedge funds 31 bought · 30 sold · −2.0M
Index fund managers 6 bought · 3 sold · +285K
Other institutions 225 bought · 258 sold · −3.8M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
First Eagle Investment Management, LLC Active manager +2.4M +100.0% 4.8M $217M
Morgan Stanley +1.7M +55.6% 4.8M $215M
Bank Of Montreal +1.5M +56.2% 4.2M $188M
Two Sigma Investments, LP Hedge fund +1.3M +84.6% 2.9M $129M
AQR Capital Management LLC Hedge fund +1.2M +126.5% 2.2M $97M
Man Group PLC Hedge fund +1.1M +84.0% 2.4M $107M
Balyasny Asset Management L.P. Hedge fund +1.0M +978.0% 1.1M $49.4M
Renaissance Technologies LLC Hedge fund +959K +73.7% 2.3M $101M
Toronto Dominion Bank +741K +68.6% 1.8M $81.6M
CIBC Asset Management Inc +633K +35.0% 2.4M $109M
UBS Group AG +551K +53.8% 1.6M $70.6M
Capital International Investors Active manager +539K +9.5% 6.2M $279M
Geode Capital Management, LLC Index funds +524K +11.9% 4.9M $230M
Assenagon Asset Management S.A. +502K +4271.6% 513K $23M
National Bank Of Canada +459K +64.7% 1.2M $51.8M
Barclays PLC +444K +64.3% 1.1M $50.8M
Acadian Asset Management LLC Active manager +440K +715.6% 502K $22.5M
Canada Pension Plan Investment Board +422K +15.8% 3.1M $138M
Sprott Inc. +416K +29.2% 1.8M $82.5M
Manufacturers Life Insurance Company, The +398K +14.0% 3.2M $145M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Arrowstreet Capital, Limited Partnership Hedge fund −3.4M Sold out 0 —
Jane Street Group, LLC −3.1M −48.3% 3.3M $148M
Van Eck Associates Corp −2.5M −11.4% 19.1M $854M
Fil Ltd Active manager −2.4M −60.9% 1.5M $67.8M
Invesco Ltd. −1.8M −39.0% 2.7M $123M
Citadel Advisors LLC Hedge fund −1.3M −53.2% 1.2M $52.1M
Evergreen Quality Fund Gp, Ltd. −1.3M Sold out 0 —
HRT Financial LP −1.3M −93.0% 97K $4.3M
FMR LLC Active manager −1.1M −82.3% 226K $10.1M
Qube Research & Technologies Ltd Hedge fund −855K −32.2% 1.8M $80.8M
Marshall Wace, LLP Hedge fund −781K Sold out 0 —
Wealth High Governance Asset Management Ltda. −584K Sold out 0 —
Tidal Investments LLC −583K −19.7% 2.4M $106M
North Of South Capital LLP −552K −48.0% 599K $26.8M
Ninety One Uk Ltd −454K −16.8% 2.2M $101M
Quadrature Capital Ltd Hedge fund −434K −82.2% 94K $4.2M
Blackrock, Inc. Index funds −393K −4.5% 8.4M $376M
Point72 Asset Management, L.P. Hedge fund −372K −26.2% 1.0M $46.9M
Royal Bank Of Canada −365K −9.3% 3.6M $160M
Legal & General Group PLC −353K −12.9% 2.4M $107M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
584
Ten largest holders
39.1%
of 13F-reported shares
Index fund managers
13.7%
of 13F-reported shares
Active managers and hedge funds
20.1%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 31 30 5 7 −2.0M −4.3%
Index fund managers 6 3 0 0 +285K +1.0%
Other institutions 225 258 53 87 −3.8M −2.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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