PAAS
Pan American Silver Corp. · Basic Materials · Gold
Momentum inputs (comparable managers):
holder breadth -10.0% ·
share flow +4.0% ·
net new positions -16.7%
· formula
Concentrated accumulation: rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 131 | -2 | 154.91M | $6.99B | +7 | −11 |
| Q1 2026 | 137 | +6 | 156.89M | $8.56B | +8 | −3 |
| Q4 2025 | 131 | 0 | 160.12M | $8.31B | +2 | −1 |
| Q3 2025 | 18 | -2 | 50.88M | $1.97B | +1 | −4 |
| Q2 2025 | 18 | 0 | 48.53M | $1.38B | +1 | −1 |
| Q1 2025 | 15 | 0 | 11.21M | $289.07M | n/a | n/a |
| Q4 2024 | 15 | +1 | 12.45M | $251.57M | +2 | −1 |
| Q3 2024 | 13 | +1 | 8.97M | $186.83M | +1 | n/a |
| Q2 2024 | 12 | n/a | 7.94M | $157.67M | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 17.19M | +21.2% | $666.19M | 0.0% | ▲ Add | 2 | SEC ↗ ×6 |
| 2 | BlackRock ✦ (passive) | 7.35M | +45.4% | $284.75M | 0.0% | ▲ Add | 2 | SEC ↗ ×10 |
| 3 | Fidelity (FMR) ✦ | 7.25M | +19.8% | $281.02M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 4 | Arrowstreet Capital ✦ | 4.67M | -23.9% | $180.98M | 0.1% | ▼ Trim | 4 | SEC ↗ |
| 5 | Geode Capital Management ✦ (passive) | 3.57M | +31.0% | $137.63M | 0.0% | ▲ Add | 6 | SEC ↗ ×2 |
| 6 | Millennium Management ✦ | 3.06M | +11.0% | $118.58M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 7 | Goldman Sachs Group ✦ | 2.57M | n/a | $99.42M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 8 | Morgan Stanley ✦ | 2.46M | n/a | $95.44M | 0.0% | n/c | 1 | SEC ↗ ×10 |
| 9 | JPMorgan Chase ✦ | 822.57K | n/a | $31.86M | 0.0% | n/c | 1 | SEC ↗ ×16 |
| 10 | Two Sigma Investments ✦ | 656.19K | -59.2% | $25.41M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 11 | Citadel Advisors ✦ | 554.27K | -72.1% | $21.47M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 12 | D. E. Shaw & Co. ✦ | 303.77K | +12.9% | $11.77M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 13 | Gotham Asset Management ✦ | 231.47K | -10.3% | $8.96M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 14 | Wellington Management ✦ | 71.41K | -47.5% | $2.77M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 15 | AQR Capital Management ✦ | 45.72K | +21.9% | $1.77M | 0.0% | ▲ Add | 6 | SEC ↗ ×4 |
| 16 | GAMCO Investors ✦ | 36.34K | -8.7% | $1.41M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 17 | State Street Global Advisors ✦ (passive) | 15.60K | 0.0% | $604,188 | 0.0% | Held | 4 | SEC ↗ |
| 18 | Bridgewater Associates ✦ | 6.25K | New | $242,243 | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| Bridgewater Associates | $242,243 | 0.0% |
Exited
| Norges Bank | $155.28M | was 0.0% |
| Renaissance Technologies | $48.24M | was 0.1% |
| Point72 Asset Management | $1.72M | was 0.0% |
| Marshall Wace | $854,897 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 1 holders, 31.91K shares, $3.08M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold: shared-ownership counts, not fundamental relationships.