Pan American Silver Corp.
US ˙ NYSE ˙ CA6979001089

SecurityPAAS / Pan American Silver Corp.
InstitutionFirst Manhattan Co
Latest Disclosed Ownership44,862 shares
Latest Disclosed Value $ 2,450,811
First Manhattan Co reports 11.45% decrease in ownership of PAAS / Pan American Silver Corp.

On May 15, 2026 - First Manhattan Co filed a 13F-HR form disclosing ownership of 44,862 shares of Pan American Silver Corp. (US:PAAS) valued at $2,450,811 USD as of March 31, 2026. The current value of the position is $2,359,293 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)
2026-05-15 2026-03-31 13F PAN AMERN SILVER COM 697900108 44,862 -5,800 -11.45 2,451 -6.63 0.0068
2026-02-17 2025-12-31 13F PAN AMERN SILVER COM 697900108 50,662 -1,845 -3.51 2,625 29.07 0.0069
2025-11-14 2025-09-30 13F PAN AMERN SILVER COM 697900108 52,507 122 0.23 2,034 36.72 0.0054
2025-08-14 2025-06-30 13F PAN AMERN SILVER COM 697900108 52,385 -10,594 -16.82 1,488 -8.55 0.0042
2025-05-15 2025-03-31 13F PAN AMERN SILVER COM 697900108 62,979 1,614 2.63 1,627 31.13 0.0047
2025-02-14 2024-12-31 13F PAN AMERN SILVER COM 697900108 61,365 0 0.00 1,241 -3.12 0.0036
2024-11-14 2024-09-30 13F PAN AMERN SILVER COM 697900108 61,365 -280 -0.45 1,281 4.49 0.0038
2024-08-15 2024-06-30 13F/A-1 PAN AMERN SILVER COM 697900108 61,645 -6,000 -8.87 1,226 20.10 0.0039
2024-08-14 2024-06-30 13F PAN AMERN SILVER COM 697900108 61,645 -6,000 1,226 0.0039
2024-05-15 2024-03-31 13F PAN AMERN SILVER COM 697900108 67,645 -22,300 -24.79 1,020 -30.52 0.0033
2024-02-13 2023-12-31 13F PAN AMERN SILVER COM 697900108 89,945 -34,469 -27.71 1,469 -18.49 0.0051
2023-11-14 2023-09-30 13F PAN AMERN SILVER COM 697900108 124,414 17,550 16.42 1,802 15.60 0.0067
2023-08-14 2023-06-30 13F PAN AMERN SILVER COM 697900108 106,864 -16,000 -13.02 1,558 -30.32 0.0057
2023-05-15 2023-03-31 13F PAN AMERN SILVER COM 697900108 122,864 -121,000 -49.62 2,236 -43.88 0.0086
2023-02-14 2022-12-31 13F PAN AMERN SILVER COM 697900108 243,864 -2,812 -1.14 3,985 1.71 0.0146
2022-11-14 2022-09-30 13F PAN AMERN SILVER COM 697900108 246,676 -4,000 -1.60 3,917 -20.55 0.0166
2022-08-15 2022-06-30 13F PAN AMERN SILVER COM 697900108 250,676 5,125 2.09 4,930 -26.45 0.0199
2022-05-16 2022-03-31 13F PAN AMERN SILVER COM 697900108 245,551 6,300 2.63 6,703 12.20 0.0219
2022-02-14 2021-12-31 13F PAN AMERN SILVER COM 697900108 239,251 23,500 10.89 5,974 19.00 0.0197
2021-11-15 2021-09-30 13F PAN AMERN SILVER COM 697900108 215,751 0 0.00 5,020 -18.56 0.0185
2021-08-16 2021-06-30 13F PAN AMERN SILVER COM 697900108 215,751 -2,600 -1.19 6,164 -5.99 0.0225
2021-05-14 2021-03-31 13F PAN AMERN SILVER COM 697900108 218,351 -2,300 -1.04 6,557 -13.88 0.0283
2021-02-16 2020-12-31 13F PAN AMERN SILVER COM 697900108 220,651 -12,460 -5.35 7,614 1.60 0.0364
2020-11-12 2020-09-30 13F PAN AMERICAN SILVER COMMON 697900108 233,111 -9,600 -3.96 7,494 1.61 0.0386
2020-08-14 2020-06-30 13F PAN AMERICAN SILVER COMMON 697900108 242,711 -208,520 -46.21 7,375 14.06 0.0426
2020-05-06 2020-03-31 13F PAN AMERICAN SILVER COMMON 697900108 451,231 -14,796 -3.17 6,466 -41.43 0.0419
2020-02-13 2019-12-31 13F PAN AMERICAN SILVER COMMON 697900108 466,027 -24,500 -4.99 11,040 43.54 0.0554
2019-11-13 2019-09-30 13F PAN AMERICAN SILVER COMMON 697900108 490,527 -5,988 -1.21 7,691 19.98 0.0424
2019-08-16 2019-06-30 13F PAN AMERICAN SILVER COMMON 697900108 496,515 -10,100 -1.99 6,410 -4.50 0.0356
2019-04-12 2019-03-31 13F PAN AMERICAN SILVER COMMON 697900108 506,615 2,000 0.40 6,712 -8.89 0.0387
2019-01-30 2018-12-31 13F PAN AMERICAN SILVER COMMON 697900108 504,615 -25,200 -4.76 7,367 -5.79 0.0459
2018-10-15 2018-09-30 13F PAN AMERICAN SILVER COMMON 697900108 529,815 -1,550 -0.29 7,820 -17.78 0.0417
2018-08-01 2018-06-30 13F PAN AMERICAN SILVER COMMON 697900108 531,365 3,250 0.62 9,511 11.51 0.0548
2018-04-20 2018-03-31 13F PAN AMERICAN SILVER COMMON 697900108 528,115 29,875 6.00 8,529 10.02 0.0485
2018-01-22 2017-12-31 13F PAN AMERICAN SILVER COMMON 697900108 498,240 84,750 20.50 7,752 9.96 0.0425
2017-10-25 2017-09-30 13F PAN AMERICAN SILVER COMMON 697900108 413,490 0 0.00 7,050 1.38 0.0404
2017-08-10 2017-06-30 13F/A-2 PAN AMERICAN SILVER COMMON 697900108 413,490 -6,435 -1.53 6,954 -5.48 0.0405
2017-08-01 2017-06-30 13F/A-1 PAN AMERICAN SILVER COMMON 697900108 413,490 0 6,954 0.0406
2017-07-28 2017-06-30 13F PAN AMERICAN SILVER COMMON 697900108 413,490 -6,435 6,954
2017-04-25 2017-03-31 13F/A-1 PAN AMERICAN SILVER COMMON 697900108 419,925 14,800 3.65 7,357 20.51 0.0437
2017-04-24 2017-03-31 13F PAN AMERICAN SILVER COMMON 697900108 294,700 5,192
2017-01-25 2016-12-31 13F PAN AMERICAN SILVER COMMON 697900108 405,125 110,425 37.47 6,105 17.58 0.0371
2016-10-20 2016-09-30 13F PAN AMERICAN SILVER COMMON 697900108 294,700 -32,600 -9.96 5,192 -3.57 0.0317
2016-07-14 2016-06-30 13F PAN AMERICAN SILVER COMMON 697900108 327,300 -7,000 -2.09 5,384 48.20 0.0331
2016-04-22 2016-03-31 13F PAN AMERICAN SILVER COMMON 697900108 334,300 0 0.00 3,633 67.27 0.0224
2016-01-20 2015-12-31 13F PAN AMERICAN SILVER COMMON 697900108 334,300 -6,600 -1.94 2,172 0.37 0.0133
2015-10-26 2015-09-30 13F PAN AMERICAN SILVER COMMON 697900108 340,900 -12,000 -3.40 2,164 -28.60 0.0139
2015-07-17 2015-06-30 13F PAN AMERICAN SILVER COMMON 697900108 352,900 3,800 1.09 3,031 -0.98 0.0179
2015-04-30 2015-03-31 13F PAN AMERICAN SILVER COMMON 697900108 349,100 16,100 4.83 3,061 -0.07 0.0176
2015-01-20 2014-12-31 13F PAN AMERICAN SILVER COMMON 697900108 333,000 42,600 14.67 3,063 -3.92 0.0173
2014-10-23 2014-09-30 13F PAN AMERICAN SILVER COMMON 697900108 290,400 9,250 3.29 3,188 -26.12 0.0185
2014-08-14 2014-06-30 13F/A-1 PAN AMERICAN SILVER COMMON 697900108 281,150 0 0.00 4,315 19.26 0.0273
2014-05-16 2014-03-31 13F PAN AMERICAN SILVER COMMON 697900108 281,150 0 0.00 3,618 10.00 0.0238
2014-02-04 2013-12-31 13F PAN AMERICAN SILVER COMMON 697900108 281,150 281,150 3,289 0.0217
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.