Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in PAAS held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 15.4M | $838.8M | -3.2% | 3.645% | 1.14% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 11.4M | $625.8M | — | 2.715% | 0.02% |
| 3 | BlackRock, Inc. | 8.8M | $480.0M | -24.3% | 2.085% | 0.01% |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 7.1M | $385.8M | +14.3% | 1.676% | 0.04% |
| 5 | Capital International Investors | 5.7M | $311.3M | +37.0% | 1.352% | 0.07% |
| 6 | CITADEL ADVISORS LLC | 5.3M | $290.9M | +29.6% | 1.264% | 0.14% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 4.4M | $249.9M | +15.1% | 1.046% | 0.02% |
| 8 | Invesco Ltd. | 4.5M | $246.2M | -24.8% | 1.069% | 0.04% |
| 9 | ROYAL BANK OF CANADA | 3.9M | $214.7M | -14.0% | 0.933% | 0.04% |
| 10 | FIL Ltd | 3.9M | $211.5M | -47.1% | 0.917% | 0.16% |
| 11 | VANGUARD FIDUCIARY TRUST CO | 3.7M | $199.8M | — | 0.867% | 0.05% |
| 12 | DIMENSIONAL FUND ADVISORS LP | 3.5M | $191.6M | -1.9% | 0.833% | 0.04% |
| 13 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 3.4M | $184.2M | -26.4% | 0.800% | 0.10% |
| 14 | Connor, Clark & Lunn Investment Management Ltd. | 3.1M | $170.5M | -22.1% | 0.740% | 0.39% |
| 15 | MORGAN STANLEY | 3.1M | $168.3M | +28.5% | 0.731% | 0.01% |
| 16 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 2.8M | $155.7M | -3.0% | 0.676% | 0.13% |
| 17 | BANK OF MONTREAL /CAN/ | 2.7M | $150.0M | +9.3% | 0.651% | 0.06% |
| 18 | Ninety One UK Ltd | 2.7M | $147.5M | +21.4% | 0.641% | 0.34% |
| 19 | CANADA PENSION PLAN INVESTMENT BOARD | 2.7M | $145.9M | +1.9% | 0.633% | 0.09% |
| 20 | Qube Research & Technologies Ltd | 2.7M | $145.3M | +1047.2% | 0.631% | 0.17% |
| 21 | Legal & General Group Plc | 2.7M | $144.1M | +0.2% | 0.649% | 0.03% |
| 22 | Amundi | 2.6M | $143.5M | -7.3% | 0.623% | 0.04% |
| 23 | TD ASSET MANAGEMENT INC | 2.6M | $140.7M | +4.6% | 0.612% | 0.11% |
| 24 | JUPITER ASSET MANAGEMENT LTD | 2.5M | $134.7M | +13.5% | 0.585% | 0.72% |
| 25 | First Eagle Investment Management, LLC | 2.4M | $132.3M | -30.7% | 0.574% | 0.18% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in PAAS — a direct measure of their conviction.
Filings activity in PAAS during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 593 | +8.8% | 50.03% | 0.93 pp | $10.15B | 1.8% |
| Q4 2025 | 545 | +16% | 50.96% | +15.77 pp | $10.34B | +45% |
| Q3 2025 | 469 | +17% | 35.19% | +10.84 pp | $7.14B | +45% |
| Q2 2025 | 402 | +11% | 24.35% | +5.10 pp | $4.94B | +26% |
| Q1 2025 | 361 | +0.6% | 19.25% | 27.00 pp | $3.90B | 58% |
| Q4 2024 | 359 | +8.8% | 46.25% | +31.49 pp | $9.38B | +213% |
| Q3 2024 | 330 | 1.2% | 14.76% | 8.45 pp | $2.99B | 36% |
| Q2 2024 | 334 | — | 23.21% | — | $4.71B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying PAAS stock.
Based on Q1 2026 13F filings, institutional ownership of Pan American Silver Corp. stands at 50.0%, held across 593 reporting institutions.
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. is the largest reported institutional holder of PAAS, with approximately 15,359,142 shares worth $0.84B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of PAAS, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for PAAS is 58 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
126 institutions opened new positions in PAAS during Q1 2026, while 78 fully exited. 314 added to existing positions and 148 trimmed.
PAAS institutional ownership fell by 0.93 percentage points quarter-over-quarter, with a net change of +48 holders.
The top 10 institutions account for 38.0% of all reported 13F value in PAAS, and the top 25 account for 61.2%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Pan American Silver Corp. (PAAS) Institutional Ownership