13FPulse
PA

PAAS PAN AMERICAN SILVER CORP

2026Q2 · CUSIP 697900108 · Sector: Materials

Exiting + falling

Funds leaving and price falling — historically weak for the next six months

Funds that own it
573
Institutions that reported holding it to the SEC
Net decrease in holders
45
Last quarter 618 → now 573
How unusual is that
Bottom 20%
Stronger than only 3% of US stocks
What the filings say, in one paragraph

573 funds held PAAS at the end of 2026Q2, down 45 from the quarter before. Buying is stronger than only 2.5% of US stocks, and the price fell over the same quarter — funds leaving and price weakness at the same time. PAAS has had 13 buying rushes in its history, and the price moved +21.1% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Materials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=151 2013Q4: holders=160 2014Q1: holders=167 2014Q2: holders=167 2014Q3: holders=172 2014Q4: holders=178 2015Q1: holders=160 2015Q2: holders=167 2015Q3: holders=180 2015Q4: holders=165 2016Q1: holders=174 2016Q2: holders=185 2016Q3: holders=184 2016Q4: holders=194 2017Q1: holders=181 2017Q2: holders=168 2017Q3: holders=181 2017Q4: holders=187 2018Q1: holders=188 2018Q2: holders=188 2018Q3: holders=185 2018Q4: holders=172 2019Q1: holders=209 2019Q2: holders=181 2019Q3: holders=208 2019Q4: holders=238 2020Q1: holders=235 2020Q2: holders=278 2020Q3: holders=282 2020Q4: holders=282 2021Q1: holders=292 2021Q2: holders=284 2021Q3: holders=276 2021Q4: holders=295 2022Q1: holders=287 2022Q2: holders=285 2022Q3: holders=266 2022Q4: holders=279 2023Q1: holders=286 2023Q2: holders=321 2023Q3: holders=308 2023Q4: holders=322 2024Q1: holders=324 2024Q2: holders=355 2024Q3: holders=350 2024Q4: holders=373 2025Q1: holders=375 2025Q2: holders=410 2025Q3: holders=487 2025Q4: holders=565 2026Q1: holders=618 2026Q2: holders=573 -78 -39 +0 +39 +78 135392649 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 13 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 5% -15.9%
2025Q4 Top 10% -8.3% -9.9%
2025Q3 Top 5% +36.5% +63.7%
2025Q2 Top 10% +23.7% +21.5%
2024Q2 Top 10% +6.1% +7.8%
2023Q2 Top 5% -9.6% -7.3%
2020Q2 Top 10% -3.9% -5.9%
2019Q4 Top 20% -34.8% +9.8%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
219
Change in large funds
+15
Total value they hold
$9.7B
Funds buying for the first time
70
Funds that sold out entirely
115
Price change that quarter
-9.1%
Funds holding puts (bearish)
26
Funds holding calls (bullish)
31

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.