Pan American Silver Corp.
US ˙ NYSE ˙ CA6979001089

SecurityPAAS / Pan American Silver Corp.
InstitutionAlps Advisors Inc
Latest Disclosed Ownership347,514 shares
Latest Disclosed Value $ 18,984,690
Alps Advisors Inc reports 32.61% increase in ownership of PAAS / Pan American Silver Corp.

On May 8, 2026 - Alps Advisors Inc filed a 13F-HR form disclosing ownership of 347,514 shares of Pan American Silver Corp. (US:PAAS) valued at $18,984,690 USD as of March 31, 2026. The current value of the position is $16,534,716 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-08 2026-03-31 13F PAN AMERN SILVER COM 697900108 347,514 85,454 32.61 18,985 39.82 0.0820
2026-02-12 2025-12-31 13F PAN AMERN SILVER COM 697900108 262,060 82,521 45.96 13,577 95.27 0.0791
2025-11-05 2025-09-30 13F PAN AMERN SILVER COM 697900108 179,539 58,179 47.94 6,954 101.77 0.0387
2025-08-11 2025-06-30 13F PAN AMERN SILVER COM 697900108 121,360 90,972 299.37 3,447 339.54 0.0199
2025-04-30 2025-03-31 13F PAN AMERN SILVER COM 697900108 30,388 30,388 785 0.0046
2019-08-07 2019-06-30 13F PAN AMER SILVER COMMON STOCK 697900108 0 -398,874 -100.00 0 -100.00
2019-05-01 2019-03-31 13F PAN AMER SILVER COMMON STOCK 697900108 398,874 124,403 45.32 5,285 31.89 0.0374
2019-02-04 2018-12-31 13F PAN AMER SILVER COMMON STOCK 697900108 274,471 -108,639 -28.36 4,007 -29.14 0.0311
2018-10-25 2018-09-30 13F PAN AMER SILVER COMMON STOCK 697900108 383,110 139,495 57.26 5,655 29.67 0.0371
2018-08-02 2018-06-30 13F/A-2 Pan American Silver COMMON STOCK 697900108 243,615 136,558 127.56 4,361 152.23 0.0284
2018-07-31 2018-06-30 13F/A-1 Pan American Silver COMMON STOCK 697900108 544,015 300,400 8,465 0.0541
2018-07-25 2018-06-30 13F Pan American Silver COMMON STOCK 697900108 544,015 436,958 8,465
2018-05-01 2018-03-31 13F Pan American Silver COMMON STOCK 697900108 107,057 -436,958 -80.32 1,729 -79.57 0.0138
2018-02-20 2017-12-31 13F/A-1 Pan American Silver COMMON STOCK 697900108 544,015 194,385 55.60 8,465 42.01 0.0586
2018-02-05 2017-12-31 13F Pan American Silver COMMON STOCK 697900108 544,015 194,385 8,465
2017-11-03 2017-09-30 13F Pan American Silver COMMON STOCK 697900108 349,630 -116,293 -24.96 5,961 -23.94 0.0422
2017-08-03 2017-06-30 13F Pan American Silver COMMON STOCK 697900108 465,923 179,930 62.91 7,837 56.40 0.0547
2017-05-12 2017-03-31 13F Pan American Silver COMMON STOCK 697900108 285,993 285,993 5,011 0.0346
2017-01-24 2016-12-31 13F Pan American Silver DL Common Stock 697900108 0 -562,868 -100.00 0 -100.00
2016-11-02 2016-09-30 13F Pan American Silver DL Common Stock 697900108 562,868 185,057 48.98 9,918 59.58 0.0809
2016-07-27 2016-06-30 13F Pan American Silver DL Common Stock 697900108 377,811 279,283 283.46 6,215 480.30 0.0551
2016-05-10 2016-03-31 13F Pan American Silver DL Common Stock 697900108 98,528 -31,206 -24.05 1,071 27.05 0.0111
2016-02-05 2015-12-31 13F Pan American Silver DL Common Stock 697900108 129,734 -192,306 -59.71 843 -95.88 0.0082
2015-11-13 2015-09-30 13F Pan American Silver DL Common Stock 697900108 322,040 188,308 140.81 20,450 1,679.81 0.0215
2015-08-12 2015-06-30 13F PAN AMERICAN SILVER Common Stock 697900108 133,732 119,232 822.29 1,149 804.72 0.0098
2015-05-15 2015-03-31 13F PAN AMERICAN SILVER Common Stock 697900108 14,500 14,500 127 0.0010
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.