Vault-13

PAN AMERN SILVER CORP PAAS

COM · Common Stock · CUSIP 697900108 · ISIN CA6979001089

355 institutional holders +28 vs Q1 2024
193,883,133193.9m shares reported held*
$3.8bnreported value*
71 new 118 added 100 reduced 44 sold out net sold ≈ $218.7m (-10.8m 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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.83. Options: 31 managers hold calls ($157.3m notional), 23 hold puts ($86.2m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 268Q4 22: 280Q1 23: 288Q2 23: 328Q3 23: 310Q4 23: 322Q1 24: 327Q2 24: 355355Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022268
Q4 2022280
Q1 2023288
Q2 2023328
Q3 2023310
Q4 2023322
Q1 2024327
Q2 2024355

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 139 bought or addedQ4 22: 105 cut or sold outQ4 22Q1 23: 164 bought or addedQ1 23: 97 cut or sold outQ2 23: 210 bought or addedQ2 23: 109 cut or sold outQ2 23Q3 23: 139 bought or addedQ3 23: 153 cut or sold outQ4 23: 143 bought or addedQ4 23: 128 cut or sold outQ4 23Q1 24: 153 bought or addedQ1 24: 143 cut or sold outQ2 24: 189 bought or addedQ2 24: 144 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022139105
Q1 202316497
Q2 2023210109
Q3 2023139153
Q4 2023143128
Q1 2024153143
Q2 2024189144

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 23 calls: $142.4mQ3 23 puts: $98.2mQ3 23P/C 0.69Q4 23 calls: $185.2mQ4 23 puts: $86.9mQ4 23P/C 0.47Q1 24 calls: $126.6mQ1 24 puts: $71.4mQ1 24P/C 0.56Q2 24 calls: $157.3mQ2 24 puts: $86.2mQ2 24P/C 0.55
Numbers
QuarterCallsPutsP/C
Q3 2023$142.4m$98.2m0.69
Q4 2023$185.2m$86.9m0.47
Q1 2024$126.6m$71.4m0.56
Q2 2024$157.3m$86.2m0.55

Biggest buyers

Connor, Clark & Lunn Investment Management Ltd. Added +3,421,763+3.4m
MENORA MIVTACHIM HOLDINGS LTD. New +3,171,781+3.2m
Driehaus Capital Management LLC New +1,917,299+1.9m
Federation des caisses Desjardins du Quebec Added +1,652,339+1.7m
FIL Ltd Added +1,291,914+1.3m
Bank of New York Mellon Corp Added +1,258,205+1.3m
MACKENZIE FINANCIAL CORP Added +1,056,981+1.1m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC New +950,049+950.0k
Marex Group Ltd Added +934,137+934.1k
Wealth High Governance Capital Ltda New +600,000+600.0k

Biggest sellers

VAN ECK ASSOCIATES CORP Reduced -9,301,937-9.3m
MORGAN STANLEY Reduced -5,408,389-5.4m
Mirae Asset Global Investments Co., Ltd. Sold out -4,824,751-4.8m
BlackRock Inc. Reduced -3,774,361-3.8m
Polunin Capital Partners Ltd Sold out -1,736,962-1.7m
CITADEL ADVISORS LLC Reduced -1,058,523-1.1m
Invesco Ltd. Reduced -989,913-989.9k
Ninety One UK Ltd Reduced -785,257-785.3k
Sumitomo Mitsui Trust Group, Inc. Sold out -738,996-739.0k
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -691,190-691.2k

Biggest calls

GROUP ONE TRADING LLC Reduced $22.2m1.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $20.9m1.1m shares
CITADEL ADVISORS LLC Added $12.7m639.7k shares
NOMURA HOLDINGS INC New $10.9m548.0k shares
Pine Valley Investments Ltd Liability Co Reduced $10.7m540.5k shares
PEAK6 Investments LLC Added $9.0m452.7k shares
SIMPLEX TRADING, LLC Reduced $8.3m420.3k shares
BANK OF MONTREAL /CAN/ Reduced $7.6m356.3k shares
JANE STREET GROUP, LLC Added $6.9m347.5k shares
WOLVERINE TRADING, LLC Added $6.9m345.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $23.2m1.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.0m501.4k shares
SIMPLEX TRADING, LLC Added $7.4m370.2k shares
GROUP ONE TRADING LLC Reduced $6.8m342.5k shares
IMC-Chicago, LLC Added $6.5m327.5k shares
CAPITAL FUND MANAGEMENT S.A. Added $6.2m312.4k shares
WOLVERINE TRADING, LLC Added $3.4m171.4k shares
MILLENNIUM MANAGEMENT LLC Unchanged $3.0m150.0k shares
JANE STREET GROUP, LLC Reduced $2.9m148.1k shares
Walleye Capital LLC Reduced $2.5m125.5k 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.

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.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution +1.1 pts · filed 2026-10-27 6.3% +1.1 pts 26.1m≈ $1.2bn 2026-10-27
VAN ECK ASSOCIATES CORP 13G · institution -3.1 pts · filed 2026-05-15 5.1% -3.1 pts 21.4m≈ $958.6m 2026-05-15

Insider purchases and sales in Q2 2024

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 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VAN ECK ASSOCIATES CORP 1.05% of their portfolio NEW YORK, NY 37,184,50237.2m $739.2m $739.2m 1.05% Reduced -9.3m -9,301,937
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 13,579,33013.6m $270.0m $270.0m 0.01% Added +353.9k +353,850
3 FIL Ltd 0.24% of their portfolio HAMILTON, D0 12,123,48012.1m $241.0m $241.0m 0.24% Added +1.3m +1,291,914
4 BlackRock Inc. 0.01% of their portfolio New York, NY 12,080,84012.1m $240.2m $240.2m 0.01% Reduced -3.8m -3,774,361
5 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.41% of their portfolio CAUSEWAY BAY, K3 8,625,3698.6m $171.5m $171.5m 0.41% First filing
6 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 6,482,1766.5m $128.9m $128.9m 0.03% Reduced -989.9k -989,913
7 Connor, Clark & Lunn Investment Management Ltd. 0.53% of their portfolio VANCOUVER, A1 6,332,3056.3m $125.9m $125.9m 0.53% Added +3.4m +3,421,763
8 Slate Path Capital LP 2.12% of their portfolio New York, NY 5,257,0005.3m $104.5m $104.5m 2.12% Unchanged
9 Tidal Investments LLC 1.17% of their portfolio Milwaukee, WI 4,254,2144.3m $84.6m $84.6m 1.17% Added +450.7k +450,707
10 NORGES BANK 0.01% of their portfolio OSLO, Q8 4,115,0844.1m $81.8m $81.8m 0.01% Added +42.9k +42,944
11 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 3,995,6034.0m $79.5m $79.5m 0.02% Reduced -174.0k -173,997
12 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 3,580,6993.6m $71.2m $71.2m 0.02% Added +75.2k +75,167
13 MENORA MIVTACHIM HOLDINGS LTD. 0.43% of their portfolio Ramat Gan, L3 3,171,7813.2m $63.1m $63.1m 0.43% New
14 MACKENZIE FINANCIAL CORP 0.09% of their portfolio TORONTO ONTARIO, A6 3,124,5173.1m $62.1m $62.1m 0.09% Added +1.1m +1,056,981
15 SPROTT INC. 4.36% of their portfolio TORONTO, A6 2,956,7923.0m $58.8m $58.8m 4.36% Added +73.6k +73,624
16 Ninety One UK Ltd 0.13% of their portfolio London, X0 2,398,5192.4m $47.7m $47.7m 0.13% Reduced -785.3k -785,257
17 TD Asset Management Inc 0.04% of their portfolio Toronto, A6 2,186,1572.2m $43.4m $43.4m 0.04% Added +395.6k +395,589
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,073,9082.1m $41.2m $41.2m 0.00% Reduced -5.4m -5,408,389
19 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,976,9442.0m $39.3m $39.3m 0.01% Reduced -5.3k -5,331
20 Driehaus Capital Management LLC 0.37% of their portfolio Chicago, IL 1,917,2991.9m $38.1m $38.1m 0.37% New
21 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 1,829,0521.8m $36.3m $36.3m 0.03% Added +27.4k +27,372
22 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 1,811,8741.8m $36.0m $36.0m 0.01% Reduced -69.3k -69,334
23 Federation des caisses Desjardins du Quebec 0.18% of their portfolio LEVIS, A8 1,730,6511.7m $34.2m $34.2m 0.18% Added +1.7m +1,652,339
24 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,727,1501.7m $34.3m $34.3m 0.01% Added +246.6k +246,572
25 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,601,1371.6m $31.8m $31.8m 0.01% Added +1.3m +1,258,205
26 INGALLS & SNYDER LLC 1.36% of their portfolio NEW YORK, NY 1,584,4881.6m $31.5m $31.5m 1.36% Added +47.8k +47,811
27 Amundi 0.01% of their portfolio Paris, I0 1,569,4091.6m $32.8m $32.8m 0.01% Added +136.1k +136,143
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,564,1981.6m $31.1m $31.1m 0.00% Reduced -67.7k -67,685
29 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,425,2891.4m $28.1m $28.1m 0.00% Added +60.4k +60,396
30 Legal & General Group Plc 0.01% of their portfolio London, X0 1,424,0901.4m $28.3m $28.3m 0.01% Added +166.0k +166,001
31 Euro Pacific Asset Management, LLC 5.43% of their portfolio DORADO, PR 1,377,3391.4m $27.4m $27.4m 5.43% Reduced -23.3k -23,292
32 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 1,326,5441.3m $26.4m $26.4m 0.02% Added +99.0k +99,050
33 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 1,263,3151.3m $27.0m $27.0m 0.01% Reduced -6.3k -6,330
34 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 1,195,1791.2m $23.8m $23.8m 0.03% Reduced -220.7k -220,681
35 Ruffer LLP 0.96% of their portfolio LONDON, X0 1,127,8051.1m $22.4m $22.4m 0.96% Reduced -404.4k -404,442
36 Swiss National Bank 0.01% of their portfolio ZURICH, V8 1,094,2191.1m $21.7m $21.7m 0.01% Reduced -6.6k -6,600
37 CIBC WORLD MARKET INC. 0.05% of their portfolio TORONTO, A6 1,073,8591.1m $21.3m $21.3m 0.05% Reduced -35.7k -35,664
38 Marex Group Ltd 0.54% of their portfolio London, X0 1,006,3401.0m $20.0m $20.0m 0.54% Added +934.1k +934,137
39 BRIGHTLIGHT CAPITAL MANAGEMENT LP 10.43% of their portfolio WESTPORT, CT 981,000981.0k $19.5m $19.5m 10.43% Reduced -26.5k -26,500
40 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 950,049950.0k $18.9m $18.9m 0.00% New
41 NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio MONTREAL, A8 878,289878.3k $17.2m $17.2m 0.03% Reduced -73.3k -73,303
42 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 865,749865.7k $17.2m $17.2m 0.02% Reduced -1.1m -1,058,523
43 Pine Valley Investments Ltd Liability Co 1.19% of their portfolio MARLTON, NJ 807,586807.6k $16.1m $16.1m 1.19% Reduced -191.7k -191,679
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 776,401776.4k $15.4m $15.4m 0.00% Added +249.1k +249,137
45 Financial Sense Advisors, Inc. 4.67% of their portfolio SAN DIEGO, CA 742,391742.4k $14.8m $14.8m 4.67% Added +30.2k +30,222
46 Lombard Odier Asset Management (Europe) Ltd 0.69% of their portfolio LONDON, X0 704,422704.4k $14.0m $14.0m 0.69% Reduced -77.0k -77,018
47 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 702,298702.3k $13.9m $13.9m 0.02% Reduced -27.9k -27,869
48 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 670,346670.3k $13.3m $13.3m 0.01% Reduced -54.1k -54,088
49 PICTON MAHONEY ASSET MANAGEMENT 0.01% of their portfolio Toronto, A6 647,943647.9k $300.0k $300.0k 0.01% Unchanged
50 Wealth High Governance Capital Ltda 2.96% of their portfolio SAO PAULO, D5 600,000600.0k $11.9m $11.9m 2.96% New
51 CIBC Asset Management Inc 0.04% of their portfolio TORONTO, Z4 596,835596.8k $11.9m $11.9m 0.04% Added +41.0k +41,030
52 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 591,264591.3k $11.8m $11.8m 0.02% Reduced -103.4k -103,431
53 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 579,822579.8k $11.5m $11.5m 0.02% Reduced -190.7k -190,700
54 CANADA LIFE ASSURANCE Co 0.02% of their portfolio WINNIPEG, A2 565,562565.6k $11.2m $11.2m 0.02% Added +41.0k +40,994
55 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 563,925563.9k $11.2m $11.2m 0.01% Reduced -691.2k -691,190
56 SCOPUS ASSET MANAGEMENT, L.P. 0.34% of their portfolio NEW YORK, NY 550,000550.0k $10.9m $10.9m 0.34% New
57 NFJ INVESTMENT GROUP, LLC 0.33% of their portfolio DALLAS, TX 543,248543.2k $10.8m $10.8m 0.33% Reduced -275.5k -275,485
58 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 524,757524.8k $10.4m $10.4m 0.02% Added +266 +266
59 Perpetual Ltd 0.11% of their portfolio SYDNEY, NEW SOUTH WALES, C3 486,647486.6k $9.7m $9.7m 0.11% Added +266.9k +266,887
60 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 465,636465.6k $9.3m $9.3m 0.01% Added +295.7k +295,725
61 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 464,342464.3k $9.2m $9.2m 0.00% New
62 Alberta Investment Management Corp 0.09% of their portfolio EDMONTON, A0 427,360427.4k $8.5m $8.5m 0.09% Added +30.0k +30,000
63 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 404,300404.3k $8.0m $8.0m 0.01% Unchanged
64 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 398,448398.4k $7.9m $7.9m 0.01% Reduced -43.2k -43,151
65 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 397,502397.5k $7.9m $7.9m 0.00% Added +156.9k +156,928
66 MARLIN SAMS CAPITAL MANAGEMENT LLC 4.66% of their portfolio New York, NY 370,000370.0k $7.4m $7.4m 4.66% Unchanged
67 GABELLI FUNDS LLC 0.06% of their portfolio Rye, NY 365,200365.2k $7.3m $7.3m 0.06% Added +34.6k +34,600
68 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 353,137353.1k $7.1m $7.1m 0.01% Reduced -3.2k -3,187
69 HRT FINANCIAL LP 0.04% of their portfolio NEW YORK, NY 313,325313.3k $6.2m $6.2m 0.04% New
70 Hamilton Capital Partners Inc. 0.66% of their portfolio TORONTO, A6 311,680311.7k $6.2m $6.2m 0.66% Reduced -10.5k -10,500
71 Monaco Asset Management SAM 2.84% of their portfolio Monaco, O9 285,000285.0k $5.7m $5.7m 2.84% Reduced -364.9k -364,876
72 Goehring & Rozencwajg Associates, LLC 1.05% of their portfolio NEW YORK, NY 266,491266.5k $5.3m $5.3m 1.05% Added +45.9k +45,900
73 Foundry Partners, LLC 0.28% of their portfolio MINNEAPOLIS, MN 260,765260.8k $5.2m $5.2m 0.28% Added +13.1k +13,089
74 BUILDER INVESTMENT GROUP INC /ADV 1.40% of their portfolio ATLANTA, GA 258,374258.4k $5.1m $5.1m 1.40% Reduced -350 -350
75 GUGGENHEIM CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 242,872242.9k $4.8m $4.8m 0.03% Reduced -785 -785
76 PKO Investment Management Joint-Stock Co 0.59% of their portfolio WARSAW, R9 239,266239.3k $4.7m $4.7m 0.59% Added +6.6k +6,600
77 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 238,423238.4k $4.7m $4.7m 0.00% Added +228 +228
78 Gotham Asset Management, LLC 0.06% of their portfolio NEW YORK, NY 226,056226.1k $4.5m $4.5m 0.06% Added +172.7k +172,743
79 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 225,757225.8k $4.5m $4.5m 0.00% Added +4.8k +4,811
80 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 223,801223.8k $4.4m $4.4m 0.00% Reduced -104.1k -104,067
81 GeoSphere Capital Management, LLC 3.43% of their portfolio MIAMI BEACH, FL 222,000222.0k $4.4m $4.4m 3.43% New
82 B. Riley Wealth Advisors, Inc. 0.11% of their portfolio MEMPHIS, TN 209,234209.2k $4.2m $4.2m 0.11% Added +24.6k +24,572
83 Lesa Sroufe & Co 3.98% of their portfolio SEATTLE, WA 206,336206.3k $4.1m $4.1m 3.98% Reduced -2.5k -2,464
84 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio VICTORIA, A1 204,290204.3k $4.1m $4.1m 0.02% Reduced -33.4k -33,373
85 Cheviot Value Management, LLC 0.79% of their portfolio BEVERLY HILLS, CA 203,511203.5k $4.0m $4.0m 0.79% Added +3.7k +3,695
86 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 199,024199.0k $4.0m $4.0m 0.00% Reduced -35.3k -35,320
87 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 197,774197.8k $3.9m $3.9m 0.01% Reduced -22.0k -22,008
88 DekaBank Deutsche Girozentrale 0.01% of their portfolio FRANKFURT, 2M 190,769190.8k $3.9m $3.9m 0.01% Added +75.6k +75,577
89 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 190,452190.5k $3.8m $3.8m 0.01% Added +86.7k +86,673
90 Man Group plc 0.01% of their portfolio LONDON, X0 186,376186.4k $3.7m $3.7m 0.01% New
91 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 180,877180.9k $3.6m $3.6m 0.00% Added +137.6k +137,609
92 Amitell Capital Pte Ltd 2.99% of their portfolio SINGAPORE, U0 174,762174.8k $3.5m $3.5m 2.99% Unchanged
93 Achmea Investment Management B.V. 0.06% of their portfolio ZEIST, P7 173,906173.9k $3.5m $3.5m 0.06% New
94 SIG North Trading, ULC 0.90% of their portfolio Bala Cynwyd, PA 173,638173.6k $3.5m $3.5m 0.90% Added +141.5k +141,470
95 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 173,469173.5k $3.4m $3.4m 0.01% Reduced -65.4k -65,426
96 IMC-Chicago, LLC 0.10% of their portfolio CHICAGO, IL 163,260163.3k $3.2m $3.2m 0.10% Added +44.6k +44,638
97 Beacon Pointe Advisors, LLC 0.04% of their portfolio NEWPORT BEACH, CA 159,711159.7k $3.2m $3.2m 0.04% Reduced -534 -534
98 Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 9.63% of their portfolio WARSZAWA, R9 158,825158.8k $3.2m $3.2m 9.63% Unchanged
99 SIMPLEX TRADING, LLC 0.10% of their portfolio CHICAGO, IL 156,244156.2k $3.1m $3.1m 0.10% Reduced -171.9k -171,909
100 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 153,789153.8k $3.1m $3.1m 0.01% New