ERO COPPER CORP ERO
COM · Common Stock · CUSIP 296006109 · ISIN CA2960061091
- SectorMaterials
- IndustryMetal Mining
- FilingsSEC EDGAR
* 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 ($3.6m this quarter). Holder counts are more reliable. Shares outstanding: 104.2m 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 ≈ $26.70. Options: 17 managers hold calls ($178.0m notional), 13 hold puts ($42.8m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 74 |
| Q4 2022 | 80 |
| Q1 2023 | 89 |
| Q2 2023 | 92 |
| Q3 2023 | 88 |
| Q4 2023 | 102 |
| Q1 2024 | 103 |
| Q2 2024 | 107 |
| Q3 2024 | 114 |
| Q4 2024 | 123 |
| Q1 2025 | 123 |
| Q2 2025 | 120 |
| Q3 2025 | 141 |
| Q4 2025 | 155 |
| Q1 2026 | 191 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 60 | 55 |
| Q3 2024 | 70 | 43 |
| Q4 2024 | 76 | 50 |
| Q1 2025 | 72 | 58 |
| Q2 2025 | 68 | 53 |
| Q3 2025 | 92 | 58 |
| Q4 2025 | 96 | 73 |
| Q1 2026 | 127 | 70 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $23.2m | $10.1m | 0.43 |
| Q3 2025 | $71.2m | $7.2m | 0.10 |
| Q4 2025 | $133.0m | $14.8m | 0.11 |
| Q1 2026 | $178.0m | $42.8m | 0.24 |
Biggest buyers
| Invesco Ltd. | Added | +2.1m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +1.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +955.5k |
| TWO SIGMA INVESTMENTS, LP | Added | +703.0k |
| SG Americas Securities, LLC | Added | +595.8k |
| GOLDMAN SACHS GROUP INC | Added | +584.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +549.0k |
| BANK OF MONTREAL /CAN/ | Added | +493.5k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +392.9k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +372.4k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -3.8m |
| FMR LLC | Reduced | -2.3m |
| FIL Ltd | Reduced | -1.2m |
| Hillsdale Investment Management Inc. | Reduced | -991.4k |
| GMT Capital Corp | Reduced | -818.7k |
| MONTRUSCO BOLTON INVESTMENTS INC. | Sold out | -510.0k |
| SPROTT INC. | Reduced | -442.2k |
| MORGAN STANLEY | Reduced | -224.9k |
| FRANKLIN RESOURCES INC | Reduced | -189.3k |
| JENNISON ASSOCIATES LLC | Reduced | -176.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $56.2m2.1m shares |
| PEAK6 LLC | Reduced | $22.0m825.0k shares |
| GROUP ONE TRADING LLC | Added | $19.6m735.1k shares |
| JANE STREET GROUP, LLC | Added | $16.7m627.7k shares |
| CITADEL ADVISORS LLC | Added | $14.6m547.8k shares |
| IMC-Chicago, LLC | Added | $14.1m528.1k shares |
| SIMPLEX TRADING, LLC | Added | $7.2m268.8k shares |
| Walleye Trading LLC | Added | $5.6m210.2k shares |
| Militia Capital Management LLC | First filing | $4.8m480.6k shares |
| Pictet Asset Management Holding SA | New | $4.5m168.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $10.9m408.1k shares |
| D. E. Shaw & Co., Inc. | New | $6.7m250.0k shares |
| JANE STREET GROUP, LLC | Added | $6.3m234.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.4m164.2k shares |
| Point72 Asset Management, L.P. | Added | $4.2m155.9k shares |
| SIMPLEX TRADING, LLC | Added | $2.6m99.1k shares |
| TUDOR INVESTMENT CORP ET AL | New | $2.4m89.5k shares |
| GROUP ONE TRADING LLC | Added | $1.9m72.0k shares |
| IMC-Chicago, LLC | Added | $1.2m45.8k shares |
| Walleye Capital LLC | Added | $970.8k36.4k 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FIL Ltd 13G · institution -1.1 pts · filed 2026-08-06 | 8.9% |
Fell to 5% or below in the last year: FMR LLC (4.3%, 2026-08-06), GMT CAPITAL CORP (4.3%, 2026-02-13)
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
| Manager | Shares | Change |
|---|---|---|
| FIL Ltd 0.22% of their portfolio | 10.5m $278.9m | Reduced -1.2m |
| FMR LLC 0.01% of their portfolio | 9.6m $255.5m | Reduced -2.3m |
| Invesco Ltd. 0.01% of their portfolio | 4.9m $130.3m | Added +2.1m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.16% of their portfolio | 4.3m $115.4m | Added +1.3m |
| GMT Capital Corp 4.43% of their portfolio | 3.7m $97.0m | Reduced -818.7k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.7m $73.3m | First filing |
| Cape Ann Asset Management Ltd 11.81% of their portfolio | 1.9m $52.0m | Added +231.5k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 1.6m $44.0m | Reduced -176.3k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.34% of their portfolio | 1.3m $33.4m | Added +392.9k |
| Kapitalo Investimentos Ltda 5.41% of their portfolio | 1.1m $28.7m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 1.1m $28.0m | Reduced -224.9k |
| Impala Asset Management LLC 13.89% of their portfolio | 1.0m $27.4m | Added +78.0k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.0m $26.7m | Added +493.5k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 986.4k $26.3m | Added +28.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 974.9k $26.0m | Added +955.5k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 931.9k $24.9m | Added +703.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 918.2k $24.5m | Added +239.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 911.5k $24.3m | Reduced -46.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 853.2k $22.8m | Added +584.0k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 833.4k $22.2m | First filing |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 762.7k $20.3m | Reduced -3.8m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 722.9k $19.2m | Added +549.0k |
| Hillsdale Investment Management Inc. 0.50% of their portfolio | 694.1k $18.5m | Reduced -991.4k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 636.0k $16.9m | Added +43.1k |
| SG Americas Securities, LLC 0.02% of their portfolio | 599.9k $16.0m | Added +595.8k |
| Artemis Investment Management LLP 0.16% of their portfolio | 580.6k $15.5m | Added +73.0k |
| Temasek Holdings (Private) Ltd 0.05% of their portfolio | 579.2k $15.4m | Added +105.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 528.7k $13.2m | Added +233.9k |
| Amundi 0.00% of their portfolio | 519.5k $13.9m | Added +37.8k |
| TORONTO DOMINION BANK 0.02% of their portfolio | 451.8k $12.0m | Added +55.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 420.9k $11.2m | Added +372.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 395.5k $10.5m | Reduced -130.0k |
| TD Asset Management Inc 0.01% of their portfolio | 369.5k $9.8m | Added +23.4k |
| SPROTT INC. 0.29% of their portfolio | 364.3k $9.7m | Reduced -442.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 354.6k $9.5m | Added +196.1k |
| 1832 Asset Management L.P. 0.01% of their portfolio | 350.0k $9.3m | Added +205.5k |
| Bridgewater Associates, LP 0.04% of their portfolio | 342.5k $9.1m | Added +253.7k |
| UBS Group AG 0.00% of their portfolio | 300.7k $8.0m | Added +172.2k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 299.5k $8.0m | First filing |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 288.7k $7.7m | Added +69.3k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 265.4k $7.1m | Added +177.4k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 262.0k $7.0m | Added +67.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 259.6k $6.9m | Added +63.8k |
| MAC Alpha Capital Management, LP 3.59% of their portfolio | 231.0k $6.2m | Reduced -120.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 217.0k $7.8m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 217.0k $5.8m | Added +89.6k |
| PCJ Investment Counsel Ltd. 1.60% of their portfolio | 211.9k $5.6m | Added +118.6k |
| BARCLAYS PLC 0.00% of their portfolio | 210.0k $5.6m | Added +202.4k |
| Tidal Investments LLC 0.02% of their portfolio | 196.6k $7.2m | Added +117.4k |
| Swiss National Bank 0.00% of their portfolio | 194.9k $5.2m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 187.8k $5.0m | Reduced -90.5k |
| Militia Capital Management LLC 0.38% of their portfolio | 187.7k $5.0m | First filing |
| Man Group plc 0.01% of their portfolio | 181.8k $4.8m | Added +128.7k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 181.0k $4.8m | Reduced -5.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 181.0k $4.8m | Added +27.8k |
| Gemmer Asset Management LLC 0.38% of their portfolio | 179.6k $4.8m | New |
| BlackRock, Inc. 0.00% of their portfolio | 166.3k $4.4m | Reduced -19.2k |
| Massar Capital Management, LP 0.87% of their portfolio | 164.1k $4.4m | Added +48.4k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 163.9k $4.4m | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 127.8k $3.4m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 125.6k $3.3m | Added +41.9k |
| SCOTIA CAPITAL INC. 0.01% of their portfolio | 125.5k $3.3m | Reduced -53.3k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 122.5k $3.3m | New |
| Nuveen, LLC 0.00% of their portfolio | 122.5k $3.3m | Added +49.0k |
| ALPS ADVISORS INC 0.01% of their portfolio | 118.4k $3.2m | Added +72.7k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 107.1k $2.9m | Added +3.3k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 106.7k $2.8m | Added +38.3k |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 101.1k $2.7m | New |
| Moody Aldrich Partners LLC 0.48% of their portfolio | 99.0k $2.6m | New |
| CIBC Asset Management Inc 0.01% of their portfolio | 98.8k $2.6m | Added +3.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 97.4k $2.6m | Reduced -189.3k |
| Legal & General Group Plc 0.00% of their portfolio | 91.9k $2.4m | Reduced -20.0k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 90.5k $2.4m | Reduced -11.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 89.4k $2.4m | Added +75.8k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio | 89.1k $2.4m | Added +34.0k |
| PINEBRIDGE INVESTMENTS LLC 0.03% of their portfolio | 85.6k $3.2m | New |
| CastleKnight Management LP 0.11% of their portfolio | 85.0k $2.3m | Unchanged |
| CREDIT AGRICOLE S A 0.01% of their portfolio | 84.6k $2.3m | Added +35.0k |
| Aberdeen Group plc 0.00% of their portfolio | 81.0k $2.2m | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 80.4k $2.1m | First filing |
| WINCAP FINANCIAL LLC 1.36% of their portfolio | 76.4k $2.0m | Added +3.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 72.2k $2.0m | Added +3.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 70.2k $1.9m | New |
| POLEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 70.2k $1.9m | Added +24.6k |
| PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio | 67.7k $1.8m | Reduced -10.9k |
| Oakmont Investment Advisors, Inc. 1.51% of their portfolio | 61.9k $1.7m | Reduced -32.4k |
| Foundations Investment Advisors, LLC 0.02% of their portfolio | 55.2k $1.5m | New |
| Walser Wealth Management Company, A Ltd Liability Co 0.66% of their portfolio | 55.1k $1.5m | New |
| INTACT INVESTMENT MANAGEMENT INC. 0.04% of their portfolio | 54.9k $1.5m | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 54.3k $1.4m | Added +46.8k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 51.1k $1.4m | Reduced -3.4k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 49.4k $1.3m | Added +18.6k |
| HRT FINANCIAL LP 0.00% of their portfolio | 49.3k $1.3m | New |
| Prime Capital Investment Advisors, LLC 0.01% of their portfolio | 48.6k $1.3m | New |
| PVG ASSET MANAGEMENT CORP 0.88% of their portfolio | 48.4k $1.5m | Added +40.5k |
| Spire Wealth Management 0.04% of their portfolio | 47.2k $1.3m | Reduced -1.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 46.9k $1.2m | Added +14.1k |
| XTX Topco Ltd 0.02% of their portfolio | 45.3k $1.2m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 45.0k $1.2m | Added +8.8k |
| Squarepoint Ops LLC 0.00% of their portfolio | 44.9k $1.2m | New |