Ruffer LLP decreased its investment in Pan American Silver Corp. during the third quarter, according to its latest 13F filing with the Securities and Exchange Commission. The firm sold 11,578 shares, bringing its total holdings to 901,751 shares. The value of Ruffer’s stake in the basic materials company is approximately $34.93 million.
Pan American Silver Corp. is listed on both the NYSE and the Toronto Stock Exchange under the ticker symbol PAAS. The reduction in shares reflects a modest adjustment in Ruffer LLP’s portfolio during the reporting period.
**Why this matters**
Changes in holdings by institutional investors like Ruffer LLP can signal shifts in market sentiment or portfolio strategy. Monitoring such transactions helps investors understand how major stakeholders view the company’s prospects.
Source: News Source