FIRST MAJESTIC SILVER CORP AG
COM · Common Stock · CUSIP 32076V103 · ISIN CA32076V1031
- SectorMaterials
- IndustryGold and Silver Ores
- 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 ($25.3m this quarter). Holder counts are more reliable. Shares outstanding: 491.3m 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 ≈ $12.28. Options: 34 managers hold calls ($272.0m notional), 26 hold puts ($357.0m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 212 |
| Q4 2022 | 221 |
| Q1 2023 | 211 |
| Q2 2023 | 214 |
| Q3 2023 | 207 |
| Q4 2023 | 210 |
| Q1 2024 | 207 |
| Q2 2024 | 214 |
| Q3 2024 | 215 |
| Q4 2024 | 215 |
| Q1 2025 | 259 |
| Q2 2025 | 258 |
| Q3 2025 | 270 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 95 | 85 |
| Q1 2024 | 84 | 85 |
| Q2 2024 | 101 | 76 |
| Q3 2024 | 108 | 86 |
| Q4 2024 | 102 | 84 |
| Q1 2025 | 171 | 60 |
| Q2 2025 | 140 | 103 |
| Q3 2025 | 155 | 107 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $49.2m | $134.5m | 2.74 |
| Q1 2025 | $88.8m | $164.5m | 1.85 |
| Q2 2025 | $154.4m | $211.7m | 1.37 |
| Q3 2025 | $272.0m | $357.0m | 1.31 |
Biggest buyers
| VAN ECK ASSOCIATES CORP | Added | +10.5m |
| Lingotto Investment Management LLP | Added | +10.1m |
| CITADEL ADVISORS LLC | Added | +6.6m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +5.3m |
| TEACHER RETIREMENT SYSTEM OF TEXAS | New | +4.5m |
| ALPS ADVISORS INC | Added | +3.8m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +3.0m |
| Hillsdale Investment Management Inc. | New | +2.7m |
| Tidal Investments LLC | Added | +2.6m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +1.9m |
Biggest sellers
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -8.1m |
| Municipal Employees' Retirement System of Michigan | Reduced | -5.0m |
| ROYAL BANK OF CANADA | Reduced | -4.6m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -4.6m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -3.6m |
| JPMORGAN CHASE & CO | Reduced | -3.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -3.0m |
| GOLDMAN SACHS GROUP INC | Reduced | -2.9m |
| Jump Financial, LLC | Sold out | -2.4m |
| UBS Group AG | Reduced | -2.1m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $92.6m7.5m shares |
| CITADEL ADVISORS LLC | Reduced | $29.7m2.4m shares |
| SIMPLEX TRADING, LLC | Added | $21.3m1.7m shares |
| Walleye Trading LLC | Added | $20.6m1.7m shares |
| WOLVERINE TRADING, LLC | Added | $18.3m1.5m shares |
| GROUP ONE TRADING LLC | Added | $14.1m1.1m shares |
| IMC-Chicago, LLC | Added | $13.2m1.1m shares |
| BANK OF MONTREAL /CAN/ | Added | $10.1m823.3k shares |
| JANE STREET GROUP, LLC | Added | $9.8m799.8k shares |
| PEAK6 LLC | Reduced | $8.5m691.6k shares |
Biggest puts
| FIL Ltd | Unchanged | $80.7m6.6m shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $49.7m4.0m shares |
| LMR Partners LLP | Unchanged | $43.9m3.6m shares |
| CITADEL ADVISORS LLC | Added | $41.8m3.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $31.6m2.6m shares |
| GROUP ONE TRADING LLC | Added | $16.2m1.3m shares |
| PEAK6 LLC | Added | $15.7m1.3m shares |
| SIMPLEX TRADING, LLC | Added | $15.5m1.3m shares |
| Walleye Trading LLC | Added | $13.8m1.1m shares |
| IMC-Chicago, LLC | Added | $9.0m732.4k 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 |
|---|---|
| VAN ECK ASSOCIATES CORP 13G · institution -1.6 pts · filed 2026-08-14 | 7.2% |
Insider purchases and sales in Q3 2025
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 Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 0.49% of their portfolio | 43.2m $531.2m | Added +10.5m |
| Tidal Investments LLC 1.10% of their portfolio | 21.0m $258.3m | Added +2.6m |
| Lingotto Investment Management LLP 2.29% of their portfolio | 20.0m $246.4m | Added +10.1m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.37% of their portfolio | 18.9m $232.5m | Added +5.3m |
| VANGUARD GROUP INC 0.00% of their portfolio | 18.1m $221.7m | Added +739.3k |
| CITADEL ADVISORS LLC 0.12% of their portfolio | 12.2m $149.5m | Added +6.6m |
| JUPITER ASSET MANAGEMENT LTD 1.02% of their portfolio | 9.7m $119.2m | Added +685.5k |
| ALPS ADVISORS INC 0.49% of their portfolio | 7.2m $88.5m | Added +3.8m |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 5.1m $62.5m | Added +145.1k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.22% of their portfolio | 4.5m $55.1m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.3m $52.3m | Added +536.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 3.0m $36.4m | Reduced -3.0m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 3.0m $36.3m | New |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 2.8m $34.0m | Added +261.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.7m $33.5m | Reduced -1.2m |
| Hillsdale Investment Management Inc. 0.99% of their portfolio | 2.7m $32.8m | New |
| MORGAN STANLEY 0.00% of their portfolio | 2.3m $28.7m | Added +111.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.1m $25.6m | Reduced -2.9m |
| SPROTT INC. 0.94% of their portfolio | 2.0m $25.0m | Added +695.4k |
| TD Asset Management Inc 0.02% of their portfolio | 2.0m $24.7m | Reduced -912.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 1.9m $23.5m | Added +1.9m |
| PEAK6 LLC 0.28% of their portfolio | 1.8m $21.8m | New |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 1.7m $21.1m | Added +294.4k |
| GROUP ONE TRADING LLC 0.61% of their portfolio | 1.7m $20.5m | Added +829.4k |
| Nuveen, LLC 0.01% of their portfolio | 1.6m $19.4m | Added +1.3m |
| UBS Group AG 0.00% of their portfolio | 1.5m $18.6m | Reduced -2.1m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 1.5m $18.3m | Added +31.4k |
| BARCLAYS PLC 0.01% of their portfolio | 1.4m $17.0m | Added +1.1m |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.4m $17.0m | Reduced -4.6m |
| Amundi 0.01% of their portfolio | 1.4m $17.7m | Added +75.9k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 1.4m $16.8m | Added +70.7k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 1.3m $16.1m | Reduced -3.6m |
| Municipal Employees' Retirement System of Michigan 0.16% of their portfolio | 1.1m $13.8m | Reduced -5.0m |
| FMR LLC 0.00% of their portfolio | 1.1m $13.7m | Reduced -285.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.1m $13.1m | Added +194.4k |
| Invesco Ltd. 0.00% of their portfolio | 1.0m $12.8m | Added +988.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 958.2k $11.8m | Reduced -571.1k |
| Trexquant Investment LP 0.11% of their portfolio | 902.9k $11.1m | Reduced -406.2k |
| Legal & General Group Plc 0.00% of their portfolio | 890.4k $10.9m | Added +121.0k |
| Man Group plc 0.02% of their portfolio | 863.9k $10.6m | Added +711.1k |
| Swiss National Bank 0.01% of their portfolio | 852.8k $10.5m | Added +13.5k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 752.0k $9.2m | Added +603.3k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 722.5k $8.9m | Added +120.2k |
| LPL Financial LLC 0.00% of their portfolio | 721.3k $8.9m | Reduced -31.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 711.5k $8.7m | Reduced -2.1m |
| DJE Kapital AG 0.14% of their portfolio | 695.4k $5.6m | Unchanged |
| IMC-Chicago, LLC 0.14% of their portfolio | 634.4k $7.8m | New |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 620.1k $7.6m | Added +315.7k |
| WOLVERINE ASSET MANAGEMENT LLC 0.11% of their portfolio | 598.0k $7.3m | Reduced -263.0k |
| Realta Investment Advisors 2.37% of their portfolio | 575.7k $7.1m | Reduced -32.3k |
| CITIGROUP INC 0.00% of their portfolio | 519.2k $6.4m | Added +423.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 516.2k $6.3m | Added +325.7k |
| HRT FINANCIAL LP 0.03% of their portfolio | 512.3k $6.3m | New |
| ExodusPoint Capital Management, LP 0.08% of their portfolio | 468.8k $5.8m | Added +208.3k |
| GUGGENHEIM CAPITAL LLC 0.04% of their portfolio | 465.9k $5.7m | Added +21.2k |
| Federation des caisses Desjardins du Quebec 0.02% of their portfolio | 455.4k $5.6m | Added +120.1k |
| Cetera Investment Advisers 0.01% of their portfolio | 449.0k $5.5m | Added +332 |
| CIBC Asset Management Inc 0.02% of their portfolio | 437.6k $5.4m | Added +37.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 436.3k $5.4m | Reduced -1.9m |
| SIMPLEX TRADING, LLC 0.12% of their portfolio | 433.0k $5.3m | Added +398.9k |
| SIG North Trading, ULC 0.81% of their portfolio | 425.6k $5.2m | Added +131.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 421.1k $5.2m | Added +104.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 418.8k $5.1m | Reduced -164.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 391.0k $4.8m | Added +24.1k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 369.7k $4.5m | Added +89.4k |
| PCJ Investment Counsel Ltd. 1.24% of their portfolio | 363.8k $4.5m | Reduced -135.5k |
| Y-Intercept (Hong Kong) Ltd 0.09% of their portfolio | 318.7k $3.9m | Reduced -499.7k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 318.0k $3.9m | Added +147.3k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 304.5k $3.7m | Reduced -58.5k |
| Walleye Trading LLC 0.06% of their portfolio | 284.4k $3.5m | New |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio | 267.6k $3.3m | Added +9.1k |
| HOHIMER WEALTH MANAGEMENT, LLC 0.44% of their portfolio | 254.8k $3.1m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 254.1k $3.1m | Added +14.0k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 244.7k $3.0m | Added +220.1k |
| Virtu Financial LLC 0.16% of their portfolio | 233.9k $2.9m | New |
| BlackRock, Inc. 0.00% of their portfolio | 224.9k $2.8m | Added +8.3k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 197.0k $2.4m | Added +38.4k |
| Geneos Wealth Management Inc. 0.06% of their portfolio | 185.7k $2.3m | Added +50.5k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 182.8k $2.2m | Added +76.2k |
| Engineers Gate Manager LP 0.03% of their portfolio | 177.8k $2.2m | Reduced -220.8k |
| ABBINGTON INVESTMENT GROUP 1.81% of their portfolio | 171.6k $2.1m | First filing |
| PKO Investment Management Joint-Stock Co 0.17% of their portfolio | 158.5k $1.9m | Unchanged |
| NewEdge Advisors, LLC 0.01% of their portfolio | 151.3k $1.9m | Reduced -44.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 147.5k $1.8m | Reduced -1.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 142.9k $1.8m | Added +5.3k |
| Squarepoint Ops LLC 0.00% of their portfolio | 133.9k $1.6m | Reduced -71.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 130.4k $1.6m | Added +355 |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 127.9k $1.6m | New |
| Verition Fund Management LLC 0.01% of their portfolio | 125.9k $1.5m | Added +62.9k |
| Private Advisor Group, LLC 0.01% of their portfolio | 122.1k $1.5m | Added +700 |
| Scientech Research LLC 0.50% of their portfolio | 116.9k $1.4m | Added +49.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 116.7k $1.4m | Reduced -3.4m |
| Northwest & Ethical Investments L.P. 0.03% of their portfolio | 115.8k $1.4m | Added +78.2k |
| &PARTNERS 0.01% of their portfolio | 113.2k $1.4m | Reduced -762 |
| AlTi Global, Inc. 0.03% of their portfolio | 107.0k $1.3m | New |
| Greenwich Wealth Management LLC 0.06% of their portfolio | 100.0k $1.2m | New |
| RFG Advisory, LLC 0.02% of their portfolio | 98.2k $1.2m | Added +9.0k |
| Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 2.84% of their portfolio | 93.6k $1.2m | Added +51.2k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 88.5k $1.1m | Added +45.9k |
| Rathbones Group PLC 0.00% of their portfolio | 86.3k $1.1m | Added +2.1k |