PAN AMERN SILVER CORP PAAS
COM · Common Stock · CUSIP 697900108 · ISIN CA6979001089
- 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.56. Options: 27 managers hold calls ($145.1m notional), 19 hold puts ($67.2m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 268 |
| Q4 2022 | 280 |
| Q1 2023 | 288 |
| Q2 2023 | 328 |
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 2022 | 139 | 105 |
| Q1 2023 | 164 | 97 |
| Q2 2023 | 210 | 109 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $97.8m | $68.2m | 0.70 |
| Q4 2022 | $102.9m | $57.7m | 0.56 |
| Q1 2023 | $153.8m | $75.4m | 0.49 |
| Q2 2023 | $145.1m | $67.2m | 0.46 |
Biggest buyers
| VAN ECK ASSOCIATES CORP | Added | +13.4m |
| VANGUARD GROUP INC | Added | +5.5m |
| FIL Ltd | Added | +4.3m |
| Mirae Asset Global Investments Co., Ltd. | Added | +3.1m |
| BlackRock Inc. | Added | +3.1m |
| GOLDMAN SACHS GROUP INC | Added | +3.0m |
| Orbis Allan Gray Ltd | New | +2.2m |
| Assenagon Asset Management S.A. | New | +2.0m |
| Invesco Ltd. | Added | +2.0m |
| NORGES BANK | Added | +1.9m |
Biggest sellers
| TWO SIGMA INVESTMENTS, LP | Reduced | -2.2m |
| TWO SIGMA ADVISERS, LP | Reduced | -1.4m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -1.0m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -968.9k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -692.3k |
| BANK OF AMERICA CORP /DE/ | Reduced | -680.6k |
| NFJ INVESTMENT GROUP, LLC | Reduced | -671.8k |
| Contrarius Investment Management Ltd | Sold out | -639.8k |
| Equinox Partners Investment Management LLC | Reduced | -565.5k |
| JANUS HENDERSON GROUP PLC | Reduced | -550.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $33.5m2.3m shares |
| Public Sector Pension Investment Board | Unchanged | $23.4m1.6m shares |
| BANK OF AMERICA CORP /DE/ | Added | $19.9m1.4m shares |
| GROUP ONE TRADING LLC | Added | $10.1m695.2k shares |
| SIMPLEX TRADING, LLC | Added | $8.0m607.6k shares |
| Arctis Global LLC | New | $7.3m500.0k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $6.2m425.2k shares |
| CITADEL ADVISORS LLC | Reduced | $5.8m396.1k shares |
| JANE STREET GROUP, LLC | Added | $5.0m342.6k shares |
| PEAK6 Investments LLC | Reduced | $5.0m339.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $28.5m2.0m shares |
| CITADEL ADVISORS LLC | Added | $9.8m672.9k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $6.1m417.5k shares |
| GROUP ONE TRADING LLC | Added | $5.0m343.9k shares |
| Walleye Trading LLC | Added | $3.9m264.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.7m268.0k shares |
| PEAK6 Investments LLC | Reduced | $1.7m119.8k shares |
| WOLVERINE TRADING, LLC | Added | $1.6m113.2k shares |
| SIG North Trading, ULC | Added | $1.6m109.5k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $1.5m100.0k 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 |
|---|---|
| BlackRock, Inc. 13G · institution +1.1 pts · filed 2026-10-27 | 6.3% |
| VAN ECK ASSOCIATES CORP 13G · institution -3.1 pts · filed 2026-05-15 | 5.1% |
Insider purchases and sales in Q2 2023
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 Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 1.22% of their portfolio | 38.2m $556.8m | Added +13.4m |
| VANGUARD GROUP INC 0.00% of their portfolio | 12.7m $185.2m | Added +5.5m |
| BlackRock Inc. 0.00% of their portfolio | 10.6m $154.6m | Added +3.1m |
| FIL Ltd 0.16% of their portfolio | 9.7m $140.9m | Added +4.3m |
| Mirae Asset Global Investments Co., Ltd. 0.25% of their portfolio | 8.0m $116.2m | Added +3.1m |
| Invesco Ltd. 0.02% of their portfolio | 5.4m $78.4m | Added +2.0m |
| NORGES BANK 0.01% of their portfolio | 4.2m $61.9m | Added +1.9m |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 4.2m $60.9m | Added +1.4m |
| Slate Path Capital LP 2.07% of their portfolio | 3.9m $56.7m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.5m $51.2m | Added +3.0m |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 3.2m $46.1m | Added +416.7k |
| Ninety One UK Ltd 0.13% of their portfolio | 3.1m $45.6m | Added +1.1m |
| MACKENZIE FINANCIAL CORP 0.07% of their portfolio | 3.1m $44.4m | Added +434.9k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 3.0m $44.5m | Added +1.4m |
| MORGAN STANLEY 0.00% of their portfolio | 2.7m $39.4m | Added +1.4m |
| Connor, Clark & Lunn Investment Management Ltd. 0.19% of their portfolio | 2.6m $38.1m | Reduced -968.9k |
| SPROTT INC. 3.39% of their portfolio | 2.6m $37.3m | Added +76.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 2.4m $35.3m | Added +1.1m |
| Orbis Allan Gray Ltd 0.23% of their portfolio | 2.2m $32.0m | New |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.1m $30.7m | Reduced -528.0k |
| Assenagon Asset Management S.A. 0.12% of their portfolio | 2.0m $29.7m | New |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.9m $27.2m | Added +304.0k |
| TD Asset Management Inc 0.03% of their portfolio | 1.8m $26.2m | Added +502.0k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 1.8m $25.8m | New |
| Amundi 0.01% of their portfolio | 1.8m $26.1m | Reduced -56.3k |
| Man Group plc 0.08% of their portfolio | 1.7m $24.6m | New |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 1.7m $24.3m | Added +354.6k |
| Polunin Capital Partners Ltd 4.87% of their portfolio | 1.6m $23.7m | Reduced -4.6k |
| INTACT INVESTMENT MANAGEMENT INC. 0.96% of their portfolio | 1.6m $23.6m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 1.6m $22.9m | Added +475.1k |
| CITIGROUP INC 0.03% of their portfolio | 1.5m $22.1m | Added +1.2m |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.4m $21.5m | Added +551.5k |
| Swiss National Bank 0.01% of their portfolio | 1.4m $20.0m | Added +320.2k |
| Euro Pacific Asset Management, LLC 4.31% of their portfolio | 1.4m $19.7m | Added +629.0k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.3m $19.3m | Reduced -692.3k |
| Legal & General Group Plc 0.01% of their portfolio | 1.2m $17.6m | Added +223.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.2m $17.5m | Reduced -36.4k |
| Ruffer LLP 1.03% of their portfolio | 1.2m $17.6m | Added +1.0m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 995.8k $14.5m | Reduced -680.6k |
| INGALLS & SNYDER LLC 0.67% of their portfolio | 952.8k $13.9m | Added +275.4k |
| NFJ INVESTMENT GROUP, LLC 0.35% of their portfolio | 896.4k $13.1m | Reduced -671.8k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 842.7k $12.3m | Added +133.7k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 839.8k $12.4m | Added +245.7k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 807.1k $11.8m | Added +12.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 789.4k $11.5m | Added +241.0k |
| Public Sector Pension Investment Board 0.08% of their portfolio | 781.0k $11.4m | Added +341.1k |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP 8.71% of their portfolio | 732.0k $10.7m | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio | 648.0k $329.0k | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 590.4k $8.6m | Added +279.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 586.0k $8.5m | Added +350.6k |
| CIBC WORLD MARKET INC. 0.03% of their portfolio | 585.1k $8.5m | Added +154.0k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 556.9k $8.1m | Added +49.3k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 549.4k $8.0m | Reduced -47.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 529.4k $7.7m | Added +150.3k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 486.4k $7.1m | Added +240.2k |
| Equinox Partners Investment Management LLC 6.47% of their portfolio | 484.3k $7.1m | Reduced -565.5k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 483.4k $7.0m | New |
| Financial Sense Advisors, Inc. 3.17% of their portfolio | 475.2k $6.9m | Reduced -7.9k |
| CIBC Asset Management Inc 0.03% of their portfolio | 473.9k $6.9m | Added +190.5k |
| Pine Valley Investments Ltd Liability Co 0.66% of their portfolio | 461.4k $6.7m | Added +282.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 442.4k $6.4m | Added +97.3k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 418.0k $6.1m | Added +150.5k |
| Lombard Odier Asset Management (Europe) Ltd 0.29% of their portfolio | 411.8k $6.0m | New |
| Alberta Investment Management Corp 0.06% of their portfolio | 397.4k $5.8m | Added +95.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 391.7k $5.7m | Added +87.3k |
| Quadrature Capital Ltd 0.12% of their portfolio | 371.9k $5.4m | Added +157.4k |
| Monaco Asset Management SAM 2.68% of their portfolio | 341.7k $5.0m | Added +316.7k |
| PICTET ASSET MANAGEMENT SA 0.01% of their portfolio | 336.2k $4.9m | Reduced -26.9k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.05% of their portfolio | 333.2k $4.9m | Added +92.8k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 317.8k $4.6m | Reduced -26.5k |
| Pine Valley Investments Ltd Liability Co 0.43% of their portfolio | 298.0k $4.3m | New |
| CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio | 297.1k $4.3m | Added +166.3k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 296.6k $4.3m | Reduced -1.4m |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 292.8k $4.3m | Reduced -27.4k |
| GUGGENHEIM CAPITAL LLC 0.03% of their portfolio | 291.3k $4.2m | Added +86.3k |
| Freemont Management S.A. 0.50% of their portfolio | 271.1k $4.0m | Unchanged |
| Cheviot Value Management, LLC 0.86% of their portfolio | 269.1k $3.9m | Reduced -10.7k |
| BUILDER INVESTMENT GROUP INC /ADV 1.34% of their portfolio | 236.1k $3.4m | Reduced -1.5k |
| PKO Investment Management Joint-Stock Co 0.41% of their portfolio | 232.7k $3.4m | Added +108.6k |
| Foundry Partners, LLC 0.21% of their portfolio | 232.0k $3.4m | Reduced -2.2k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.06% of their portfolio | 217.2k $3.2m | Reduced -15.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 217.1k $3.2m | Added +45.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 213.4k $3.1m | Added +93.4k |
| LPL Financial LLC 0.00% of their portfolio | 205.8k $3.0m | Added +79.9k |
| Twin Tree Management, LP 0.06% of their portfolio | 203.3k $3.0m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 194.1k $2.8m | Added +10.3k |
| Goehring & Rozencwajg Associates, LLC 0.81% of their portfolio | 192.0k $2.8m | Added +19.1k |
| UBS Group AG 0.00% of their portfolio | 180.8k $2.6m | Reduced -3.4k |
| GeoSphere Capital Management, LLC 2.90% of their portfolio | 180.0k $2.6m | New |
| SIMPLEX TRADING, LLC 0.11% of their portfolio | 174.9k $2.5m | Reduced -110.9k |
| Mn Services Vermogensbeheer B.V. 0.02% of their portfolio | 173.5k $2.5m | Added +122.8k |
| Lesa Sroufe & Co 2.66% of their portfolio | 170.8k $2.5m | Reduced -256 |
| Walleye Trading LLC 0.12% of their portfolio | 163.1k $2.4m | Added +97.4k |
| GROUP ONE TRADING LLC 0.10% of their portfolio | 163.0k $2.4m | Reduced -72.2k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 161.2k $2.3m | Reduced -550.1k |
| Leonteq Securities AG 0.24% of their portfolio | 160.7k $2.4m | Added +69.7k |
| Parallax Volatility Advisers, L.P. 0.08% of their portfolio | 156.4k $2.3m | New |
| GTS SECURITIES LLC 0.07% of their portfolio | 148.7k $2.2m | First filing |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 148.5k $2.2m | Added +35.6k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 145.4k $2.1m | Reduced -23.8k |