Vault-13

AMERICAS GOLD AND SILVER COR USAS

COM NEW · Common Stock · CUSIP 03062D803 · ISIN CA03062D8035

154 institutional holders +35 vs Q4 2025
106,366,713106.4m shares reported held*
33.2% of all shares outstanding*
$554.9mreported value*
54 new 48 added 31 reduced 19 sold out net bought ≈ $96.0m (+18.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.9m this quarter). Holder counts are more reliable. Shares outstanding: 320.4m as of 2025-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $5.22. Options: 11 managers hold calls ($35.3m notional), 8 hold puts ($5.7m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q1 25: 1Q2 25: 1Q3 25: 76Q4 25: 119Q1 26: 154154Q1 25Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q1 20251
Q2 20251
Q3 202576
Q4 2025119
Q1 2026154

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q2 25: 0 bought or addedQ2 25: 0 cut or sold outQ2 25Q3 25: 76 bought or addedQ3 25: 0 cut or sold outQ3 25Q4 25: 81 bought or addedQ4 25: 29 cut or sold outQ4 25Q1 26: 102 bought or addedQ1 26: 50 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202500
Q3 2025760
Q4 20258129
Q1 202610250

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30m$40mQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $3.7mQ4 25 puts: $482.4kQ4 25P/C 0.13Q1 26 calls: $35.3mQ1 26 puts: $5.7mQ1 26P/C 0.16
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$3.7m$482.4k0.13
Q1 2026$35.3m$5.7m0.16

Biggest buyers

VAN ECK ASSOCIATES CORP Added +7,583,523+7.6m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +3,813,582+3.8m
TWO SIGMA INVESTMENTS, LP Added +3,009,725+3.0m
GABELLI FUNDS LLC Added +2,100,000+2.1m
Connor, Clark & Lunn Investment Management Ltd. Added +1,749,212+1.7m
BANK OF MONTREAL /CAN/ Added +1,320,501+1.3m
MORGAN STANLEY Added +1,176,730+1.2m
RENAISSANCE TECHNOLOGIES LLC New +1,047,500+1.0m
ALPS ADVISORS INC Added +1,012,435+1.0m
TORONTO DOMINION BANK Added +935,197+935.2k

Biggest sellers

Merk Investments LLC Reduced -4,037,000-4.0m
NewGen Asset Management Ltd Reduced -1,750,100-1.8m
MILLENNIUM MANAGEMENT LLC Reduced -1,491,195-1.5m
Waratah Capital Advisors Ltd. Reduced -660,772-660.8k
UBS Group AG Reduced -606,081-606.1k
SPROTT INC. Reduced -552,394-552.4k
PCJ Investment Counsel Ltd. Reduced -402,840-402.8k
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduced -351,939-351.9k
JANE STREET GROUP, LLC Reduced -349,290-349.3k
Balyasny Asset Management L.P. Sold out -347,907-347.9k

Biggest calls

CITADEL ADVISORS LLC Added $11.9m2.3m shares
NewGen Asset Management Ltd New $4.9m940.2k shares
JANE STREET GROUP, LLC Added $4.8m914.1k shares
CIBC Bancorp USA Inc. First filing $4.3m829.7k shares
GROUP ONE TRADING LLC Added $3.8m731.1k shares
Caption Management, LLC New $2.4m459.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.7m328.2k shares
IMC-Chicago, LLC New $595.6k114.1k shares
TORONTO DOMINION BANK New $451.0k86.4k shares
SIMPLEX TRADING, LLC New $351.8k67.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.5m282.6k shares
CITADEL ADVISORS LLC Added $1.2m222.8k shares
GROUP ONE TRADING LLC Added $856.6k164.1k shares
IMC-Chicago, LLC New $775.2k148.5k shares
JANE STREET GROUP, LLC Added $737.6k141.3k shares
HRT FINANCIAL LP New $543.0k104.1k shares
SIMPLEX TRADING, LLC New $103.9k19.9k shares
Tidal Investments LLC New $54.8k10.5k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q1 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Merk Investments LLC 27.52% of their portfolio PALO ALTO, CA 19,392,00019.4m $101.2m $101.2m 27.52% Reduced -4.0m -4,037,000
2 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.07% of their portfolio CAUSEWAY BAY, K3 9,557,9719.6m $49.7m $49.7m 0.07% Reduced -351.9k -351,939
3 VAN ECK ASSOCIATES CORP 0.03% of their portfolio NEW YORK, NY 7,844,8217.8m $41.0m $41.0m 0.03% Added +7.6m +7,583,523
4 ALPS ADVISORS INC 0.17% of their portfolio Denver, CO 6,884,9826.9m $35.9m $35.9m 0.17% Added +1.0m +1,012,435
5 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 6,111,6666.1m $31.9m $31.9m 0.00% First filing
6 Connor, Clark & Lunn Investment Management Ltd. 0.07% of their portfolio VANCOUVER, A1 5,439,0225.4m $28.4m $28.4m 0.07% Added +1.7m +1,749,212
7 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 4,582,3634.6m $23.9m $23.9m 0.02% Added +3.0m +3,009,725
8 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 4,501,4884.5m $23.5m $23.5m 0.01% Added +3.8m +3,813,582
9 NewGen Asset Management Ltd 14.12% of their portfolio TORONTO, A6 4,449,9004.4m $23.2m $23.2m 14.12% Reduced -1.8m -1,750,100
10 Polar Asset Management Partners Inc. 0.32% of their portfolio TORONTO, A6 2,625,0002.6m $13.7m $13.7m 0.32% Unchanged
11 GABELLI FUNDS LLC 0.07% of their portfolio Rye, NY 2,115,0002.1m $11.0m $11.0m 0.07% Added +2.1m +2,100,000
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,916,4811.9m $10.0m $10.0m 0.00% Reduced -27.3k -27,342
13 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 1,892,0201.9m $9.9m $9.9m 0.00% First filing
14 U S GLOBAL INVESTORS INC 1.10% of their portfolio SAN ANTONIO, TX 1,800,0001.8m $9.4m $9.4m 1.10% Unchanged
15 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 1,736,1921.7m $9.0m $9.0m 0.01% Added +248.9k +248,877
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,610,1971.6m $8.4m $8.4m 0.00% Added +1.2m +1,176,730
17 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,515,7631.5m $7.9m $7.9m 0.00% Added +1.3m +1,320,501
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 1,191,4421.2m $6.2m $6.2m 0.01% Added +670.9k +670,915
19 SPROTT INC. 0.17% of their portfolio TORONTO, A6 1,091,5021.1m $5.7m $5.7m 0.17% Reduced -552.4k -552,394
20 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 1,047,5001.0m $5.5m $5.5m 0.01% New
21 INTACT INVESTMENT MANAGEMENT INC. 0.15% of their portfolio MONTREAL, A8 994,840994.8k $5.2m $5.2m 0.15% Reduced -39.7k -39,700
22 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 992,121992.1k $5.2m $5.2m 0.01% Added +935.2k +935,197
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 953,822953.8k $5.0m $5.0m 0.00% Reduced -606.1k -606,081
24 HOLLENCREST CAPITAL MANAGEMENT 0.16% of their portfolio NEWPORT BEACH, CA 811,045811.0k $4.2m $4.2m 0.16% Added +81.5k +81,494
25 GAMCO INVESTORS, INC. ET AL 0.04% of their portfolio GREENWICH, CT 788,107788.1k $4.1m $4.1m 0.04% Unchanged
26 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 777,468777.5k $4.0m $4.0m 0.00% Added +493.9k +493,904
27 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 706,630706.6k $3.7m $3.7m 0.02% Added +370.7k +370,683
28 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 671,950672.0k $3.5m $3.5m 0.00% Added +396.4k +396,399
29 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 671,926671.9k $3.5m $3.5m 0.00% First filing
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 664,409664.4k $3.5m $3.5m 0.00% Added +269.0k +269,013
31 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 614,523614.5k $3.2m $3.2m 0.00% Added +22.9k +22,877
32 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 613,592613.6k $3.2m $3.2m 0.00% Reduced -349.3k -349,290
33 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 587,485587.5k $3.1m $3.1m 0.00% Added +569.3k +569,285
34 MONTRUSCO BOLTON INVESTMENTS INC. 0.04% of their portfolio MONTREAL, A8 549,996550.0k $2.9m $2.9m 0.04% New
35 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 516,933516.9k $2.7m $2.7m 0.00% New
36 PCJ Investment Counsel Ltd. 0.68% of their portfolio TORONTO, A6 458,250458.2k $2.4m $2.4m 0.68% Reduced -402.8k -402,840
37 Swiss National Bank 0.00% of their portfolio ZURICH, V8 443,600443.6k $2.3m $2.3m 0.00% Added +10.8k +10,800
38 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 439,371439.4k $2.3m $2.3m 0.00% New
39 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 419,913419.9k $2.2m $2.2m 0.00% Reduced -1.5m -1,491,195
40 Aquatic Capital Management LLC 0.05% of their portfolio CHICAGO, IL 355,383355.4k $1.9m $1.9m 0.05% Added +348.5k +348,457
41 Harvest Investment Services, LLC 0.32% of their portfolio Oakbrook Terrace, IL 337,051337.1k $1.8m $1.8m 0.32% New
42 HGC Investment Management Inc. 0.34% of their portfolio TORONTO, A6 300,000300.0k $1.6m $1.6m 0.34% Unchanged
43 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 299,062299.1k $1.6m $1.6m 0.00% Added +284.2k +284,190
44 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 292,402292.4k $1.5m $1.5m 0.00% Added +89.6k +89,605
45 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 278,773278.8k $1.5m $1.5m 0.00% Reduced -289.0k -288,995
46 WHITEBOX ADVISORS LLC 0.02% of their portfolio MINNEAPOLIS, MN 250,000250.0k $1.3m $1.3m 0.02% Unchanged
47 WealthTrust Axiom LLC 0.32% of their portfolio WAYNE, PA 247,031247.0k $1.3m $1.3m 0.32% Reduced -204.4k -204,366
48 Waratah Capital Advisors Ltd. 0.11% of their portfolio TORONTO, A6 227,943227.9k $1.2m $1.2m 0.11% Reduced -660.8k -660,772
49 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 210,128210.1k $1.1m $1.1m 0.00% New
50 ZAZOVE ASSOCIATES LLC 0.05% of their portfolio INCLINE VILLAGE, NV 200,000200.0k $1.0m $1.0m 0.05% Added +100.0k +100,000
51 CIBC Asset Management Inc 0.00% of their portfolio TORONTO, Z4 197,275197.3k $1.0m $1.0m 0.00% Added +169.1k +169,079
52 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 182,163182.2k $947.9k $947.9k 0.00% Reduced -14.9k -14,918
53 LGT Fund Management Co Ltd. 0.04% of their portfolio VADUZ, N2 175,000175.0k $913.5k $913.5k 0.04% Added +75.0k +75,000
54 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio VICTORIA, A1 174,557174.6k $911.2k $911.2k 0.01% New
55 Dynamic Technology Lab Private Ltd 0.14% of their portfolio SINGAPORE, U0 169,348169.3k $884.0k $884.0k 0.14% New
56 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 165,692165.7k $864.9k $864.9k 0.00% Added +134.7k +134,692
57 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 165,550165.6k $861.2k $861.2k 0.00% Unchanged
58 VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio London, EC4N 8AF, X0 164,196164.2k $856.9k $856.9k 0.00% First filing
59 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 158,138158.1k $842.5k $842.5k 0.00% Added +11.2k +11,211
60 Legal & General Group Plc 0.00% of their portfolio London, X0 150,996151.0k $785.5k $785.5k 0.00% Reduced -59.0k -59,015
61 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 144,730144.7k $755.5k $755.5k 0.01% New
62 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 127,427127.4k $665.2k $665.2k 0.00% New
63 K.J. Harrison & Partners Inc 0.10% of their portfolio TORONTO, A6 116,856116.9k $608.6k $608.6k 0.10% Reduced -125.0k -125,000
64 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 107,242107.2k $558.0k $558.0k 0.00% Reduced -30.6k -30,609
65 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 104,829104.8k $543.9k $543.9k 0.00% Reduced -38.6k -38,609
66 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 104,324104.3k $544.6k $544.6k 0.00% Reduced -190.3k -190,298
67 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 102,716102.7k $536.2k $536.2k 0.00% Added +57.2k +57,207
68 Caitong International Asset Management Co., Ltd 0.08% of their portfolio HONG KONG, K3 84,60884.6k $441.7k $441.7k 0.08% Added +49.5k +49,468
69 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 75,19475.2k $390.8k $390.8k 0.00% Added +72.1k +72,084
70 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 72,86072.9k $379.0k $379.0k 0.00% Added +6.8k +6,760
71 Key Client Fiduciary Advisors, LLC 0.13% of their portfolio Fairfield, NJ 71,00071.0k $370.6k $370.6k 0.13% Added +51.0k +51,000
72 Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio HONG KONG, K3 66,12866.1k $345.2k $345.2k 0.01% New
73 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 65,00065.0k $339.3k $339.3k 0.00% Added +55.0k +55,000
74 AA Financial Advisors, LLC 0.05% of their portfolio Columbus, OH 64,20064.2k $335.1k $335.1k 0.05% Added +13.2k +13,200
75 Themes Management Co LLC 0.21% of their portfolio GREENWICH, CT 63,87363.9k $333.3k $333.3k 0.21% Added +34.1k +34,097
76 Papamarkou Wellner Asset Management inc. 0.20% of their portfolio NEW YORK, NY 62,57062.6k $325.5k $325.5k 0.20% Unchanged
77 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 61,35461.4k $286.5k $286.5k 0.00% Reduced -72.5k -72,532
78 HUB Investment Partners, LLC 0.01% of their portfolio AUSTIN, TX 60,00060.0k $313.2k $313.2k 0.01% New
79 Vanguard Investments Australia, Ltd. 0.00% of their portfolio Victoria, C3 58,80558.8k $306.9k $306.9k 0.00% First filing
80 Alberta Investment Management Corp 0.00% of their portfolio EDMONTON, A0 54,75854.8k $285.8k $285.8k 0.00% New
81 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 49,90049.9k $259.5k $259.5k 0.00% Added +583 +583
82 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 48,45948.5k $253.0k $253.0k 0.00% Reduced -81.0k -80,977
83 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 47,86347.9k $249.0k $249.0k 0.00% Added +8.6k +8,636
84 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 43,96544.0k $229.5k $229.5k 0.00% Added +7.6k +7,583
85 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 43,94743.9k $229.0k $229.0k 0.00% Added +14.8k +14,841
86 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 43,15043.1k $225.2k $225.2k 0.00% New
87 FIDUCIENT ADVISORS LLC 0.03% of their portfolio Chicago, IL 40,00040.0k $208.8k $208.8k 0.03% Unchanged
88 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 39,30539.3k $245.1k $245.1k 0.00% Added +9.3k +9,319
89 Scientech Research LLC 0.17% of their portfolio JERSEY CITY, NJ 38,80438.8k $202.6k $202.6k 0.17% Added +12.7k +12,658
90 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 33,00033.0k $172.3k $172.3k 0.00% Reduced -8.9k -8,880
91 Royal Palms Capital LLC 0.17% of their portfolio WHITEFISH, MT 32,90032.9k $171.7k $171.7k 0.17% New
92 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 31,30031.3k $163.4k $163.4k 0.00% New
93 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 31,15231.2k $162.6k $162.6k 0.01% New
94 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 30,84030.8k $157.6k $157.6k 0.00% New
95 Investment Management Corp of Ontario 0.00% of their portfolio Toronto, Z4 29,10029.1k $151.9k $151.9k 0.00% New
96 J. Derek Lewis & Associates Inc. 0.03% of their portfolio NEWPORT BEACH, CA 27,00027.0k $135.7k $135.7k 0.03% Reduced -15.0k -15,000
97 PenderFund Capital Management Ltd. 0.02% of their portfolio VANCOUVER, A1 26,70026.7k $139.3k $139.3k 0.02% Reduced -26.7k -26,700
98 BlackRock, Inc. 0.00% of their portfolio New York, NY 25,09625.1k $131.0k $131.0k 0.00% Unchanged
99 Caption Management, LLC 0.01% of their portfolio OKLAHOMA CITY, OK 25,00025.0k $130.5k $130.5k 0.01% New
100 BCV Asset Management Inc. 0.00% of their portfolio WINNIPEG, A2 24,60024.6k $128.0k $128.0k 0.00% New