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 ($1.7m 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 268 |
| Q4 2022 | 280 |
| Q1 2023 | 288 |
| Q2 2023 | 328 |
| Q3 2023 | 310 |
| Q4 2023 | 322 |
| Q1 2024 | 327 |
| Q2 2024 | 355 |
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 |
| Q3 2023 | 139 | 153 |
| Q4 2023 | 143 | 128 |
| Q1 2024 | 153 | 143 |
| Q2 2024 | 189 | 144 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $142.4m | $98.2m | 0.69 |
| Q4 2023 | $185.2m | $86.9m | 0.47 |
| Q1 2024 | $126.6m | $71.4m | 0.56 |
| Q2 2024 | $157.3m | $86.2m | 0.55 |
Biggest buyers
| Connor, Clark & Lunn Investment Management Ltd. | Added | +3.4m |
| MENORA MIVTACHIM HOLDINGS LTD. | New | +3.2m |
| Driehaus Capital Management LLC | New | +1.9m |
| Federation des caisses Desjardins du Quebec | Added | +1.7m |
| FIL Ltd | Added | +1.3m |
| Bank of New York Mellon Corp | Added | +1.3m |
| MACKENZIE FINANCIAL CORP | Added | +1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | New | +950.0k |
| Marex Group Ltd | Added | +934.1k |
| Wealth High Governance Capital Ltda | New | +600.0k |
Biggest sellers
| VAN ECK ASSOCIATES CORP | Reduced | -9.3m |
| MORGAN STANLEY | Reduced | -5.4m |
| Mirae Asset Global Investments Co., Ltd. | Sold out | -4.8m |
| BlackRock Inc. | Reduced | -3.8m |
| Polunin Capital Partners Ltd | Sold out | -1.7m |
| CITADEL ADVISORS LLC | Reduced | -1.1m |
| Invesco Ltd. | Reduced | -989.9k |
| Ninety One UK Ltd | Reduced | -785.3k |
| Sumitomo Mitsui Trust Group, Inc. | Sold out | -739.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -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.
| 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 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
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 1.05% of their portfolio | 37.2m $739.2m | Reduced -9.3m |
| VANGUARD GROUP INC 0.01% of their portfolio | 13.6m $270.0m | Added +353.9k |
| FIL Ltd 0.24% of their portfolio | 12.1m $241.0m | Added +1.3m |
| BlackRock Inc. 0.01% of their portfolio | 12.1m $240.2m | Reduced -3.8m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.41% of their portfolio | 8.6m $171.5m | First filing |
| Invesco Ltd. 0.03% of their portfolio | 6.5m $128.9m | Reduced -989.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.53% of their portfolio | 6.3m $125.9m | Added +3.4m |
| Slate Path Capital LP 2.12% of their portfolio | 5.3m $104.5m | Unchanged |
| Tidal Investments LLC 1.17% of their portfolio | 4.3m $84.6m | Added +450.7k |
| NORGES BANK 0.01% of their portfolio | 4.1m $81.8m | Added +42.9k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 4.0m $79.5m | Reduced -174.0k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 3.6m $71.2m | Added +75.2k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.43% of their portfolio | 3.2m $63.1m | New |
| MACKENZIE FINANCIAL CORP 0.09% of their portfolio | 3.1m $62.1m | Added +1.1m |
| SPROTT INC. 4.36% of their portfolio | 3.0m $58.8m | Added +73.6k |
| Ninety One UK Ltd 0.13% of their portfolio | 2.4m $47.7m | Reduced -785.3k |
| TD Asset Management Inc 0.04% of their portfolio | 2.2m $43.4m | Added +395.6k |
| MORGAN STANLEY 0.00% of their portfolio | 2.1m $41.2m | Reduced -5.4m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.0m $39.3m | Reduced -5.3k |
| Driehaus Capital Management LLC 0.37% of their portfolio | 1.9m $38.1m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 1.8m $36.3m | Added +27.4k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.8m $36.0m | Reduced -69.3k |
| Federation des caisses Desjardins du Quebec 0.18% of their portfolio | 1.7m $34.2m | Added +1.7m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.7m $34.3m | Added +246.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.6m $31.8m | Added +1.3m |
| INGALLS & SNYDER LLC 1.36% of their portfolio | 1.6m $31.5m | Added +47.8k |
| Amundi 0.01% of their portfolio | 1.6m $32.8m | Added +136.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6m $31.1m | Reduced -67.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.4m $28.1m | Added +60.4k |
| Legal & General Group Plc 0.01% of their portfolio | 1.4m $28.3m | Added +166.0k |
| Euro Pacific Asset Management, LLC 5.43% of their portfolio | 1.4m $27.4m | Reduced -23.3k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.3m $26.4m | Added +99.0k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.3m $27.0m | Reduced -6.3k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 1.2m $23.8m | Reduced -220.7k |
| Ruffer LLP 0.96% of their portfolio | 1.1m $22.4m | Reduced -404.4k |
| Swiss National Bank 0.01% of their portfolio | 1.1m $21.7m | Reduced -6.6k |
| CIBC WORLD MARKET INC. 0.05% of their portfolio | 1.1m $21.3m | Reduced -35.7k |
| Marex Group Ltd 0.54% of their portfolio | 1.0m $20.0m | Added +934.1k |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP 10.43% of their portfolio | 981.0k $19.5m | Reduced -26.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 950.0k $18.9m | New |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 878.3k $17.2m | Reduced -73.3k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 865.7k $17.2m | Reduced -1.1m |
| Pine Valley Investments Ltd Liability Co 1.19% of their portfolio | 807.6k $16.1m | Reduced -191.7k |
| UBS Group AG 0.00% of their portfolio | 776.4k $15.4m | Added +249.1k |
| Financial Sense Advisors, Inc. 4.67% of their portfolio | 742.4k $14.8m | Added +30.2k |
| Lombard Odier Asset Management (Europe) Ltd 0.69% of their portfolio | 704.4k $14.0m | Reduced -77.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 702.3k $13.9m | Reduced -27.9k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 670.3k $13.3m | Reduced -54.1k |
| PICTON MAHONEY ASSET MANAGEMENT 0.01% of their portfolio | 647.9k $300.0k | Unchanged |
| Wealth High Governance Capital Ltda 2.96% of their portfolio | 600.0k $11.9m | New |
| CIBC Asset Management Inc 0.04% of their portfolio | 596.8k $11.9m | Added +41.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 591.3k $11.8m | Reduced -103.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 579.8k $11.5m | Reduced -190.7k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 565.6k $11.2m | Added +41.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 563.9k $11.2m | Reduced -691.2k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.34% of their portfolio | 550.0k $10.9m | New |
| NFJ INVESTMENT GROUP, LLC 0.33% of their portfolio | 543.2k $10.8m | Reduced -275.5k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 524.8k $10.4m | Added +266 |
| Perpetual Ltd 0.11% of their portfolio | 486.6k $9.7m | Added +266.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 465.6k $9.3m | Added +295.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 464.3k $9.2m | New |
| Alberta Investment Management Corp 0.09% of their portfolio | 427.4k $8.5m | Added +30.0k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 404.3k $8.0m | Unchanged |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 398.4k $7.9m | Reduced -43.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 397.5k $7.9m | Added +156.9k |
| MARLIN SAMS CAPITAL MANAGEMENT LLC 4.66% of their portfolio | 370.0k $7.4m | Unchanged |
| GABELLI FUNDS LLC 0.06% of their portfolio | 365.2k $7.3m | Added +34.6k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 353.1k $7.1m | Reduced -3.2k |
| HRT FINANCIAL LP 0.04% of their portfolio | 313.3k $6.2m | New |
| Hamilton Capital Partners Inc. 0.66% of their portfolio | 311.7k $6.2m | Reduced -10.5k |
| Monaco Asset Management SAM 2.84% of their portfolio | 285.0k $5.7m | Reduced -364.9k |
| Goehring & Rozencwajg Associates, LLC 1.05% of their portfolio | 266.5k $5.3m | Added +45.9k |
| Foundry Partners, LLC 0.28% of their portfolio | 260.8k $5.2m | Added +13.1k |
| BUILDER INVESTMENT GROUP INC /ADV 1.40% of their portfolio | 258.4k $5.1m | Reduced -350 |
| GUGGENHEIM CAPITAL LLC 0.03% of their portfolio | 242.9k $4.8m | Reduced -785 |
| PKO Investment Management Joint-Stock Co 0.59% of their portfolio | 239.3k $4.7m | Added +6.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 238.4k $4.7m | Added +228 |
| Gotham Asset Management, LLC 0.06% of their portfolio | 226.1k $4.5m | Added +172.7k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 225.8k $4.5m | Added +4.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 223.8k $4.4m | Reduced -104.1k |
| GeoSphere Capital Management, LLC 3.43% of their portfolio | 222.0k $4.4m | New |
| B. Riley Wealth Advisors, Inc. 0.11% of their portfolio | 209.2k $4.2m | Added +24.6k |
| Lesa Sroufe & Co 3.98% of their portfolio | 206.3k $4.1m | Reduced -2.5k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio | 204.3k $4.1m | Reduced -33.4k |
| Cheviot Value Management, LLC 0.79% of their portfolio | 203.5k $4.0m | Added +3.7k |
| LPL Financial LLC 0.00% of their portfolio | 199.0k $4.0m | Reduced -35.3k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 197.8k $3.9m | Reduced -22.0k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 190.8k $3.9m | Added +75.6k |
| Cetera Investment Advisers 0.01% of their portfolio | 190.5k $3.8m | Added +86.7k |
| Man Group plc 0.01% of their portfolio | 186.4k $3.7m | New |
| CITIGROUP INC 0.00% of their portfolio | 180.9k $3.6m | Added +137.6k |
| Amitell Capital Pte Ltd 2.99% of their portfolio | 174.8k $3.5m | Unchanged |
| Achmea Investment Management B.V. 0.06% of their portfolio | 173.9k $3.5m | New |
| SIG North Trading, ULC 0.90% of their portfolio | 173.6k $3.5m | Added +141.5k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 173.5k $3.4m | Reduced -65.4k |
| IMC-Chicago, LLC 0.10% of their portfolio | 163.3k $3.2m | Added +44.6k |
| Beacon Pointe Advisors, LLC 0.04% of their portfolio | 159.7k $3.2m | Reduced -534 |
| Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 9.63% of their portfolio | 158.8k $3.2m | Unchanged |
| SIMPLEX TRADING, LLC 0.10% of their portfolio | 156.2k $3.1m | Reduced -171.9k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 153.8k $3.1m | New |