ASM AVINO SILVER & GOLD MINES LTD
Executive Summary
ASM saw a shifting institutional footprint in Q3 2025. Two active-quant and passive buyers (UBS, Two Sigma) added a net +$3.1M, while three institutional sellers (Morgan Stanley, RenTech, BofA) reduced by a combined ~$3.95M. The cluster is balanced in net dollar terms but tilted negative in conviction — one quant (RenTech) and one mega-passive (BofA) made near-exit moves. The mixed active-passive mix and symmetrical dollar flows keep overall conviction modest.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$854.6K
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| UBS | DOUBLED | +146.3% | $3.0M | $2.2M |
| Two Sigma | ADD | — | $2.0M | $913.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| RenTech | NEAR_EXIT | -75.6% | $2.4M | -$1.5M |
| BofA | NEAR_EXIT | -75.9% | $3.2M | -$2.0M |
| Morgan Stanley | TRIM | -41.2% | $2.6M | -$370.0K |
Actionable Insight
The two near-exit sellers (RenTech and BofA) are the strongest signal in this cluster; the additions from UBS and Two Sigma are less conviction-heavy (systematic / passive). Monitor Q4 2025 13F to see whether these near-exits became full exits or re-built. For now, institutional flow is ambiguous — no strong directional catalyst evident in the filing cluster alone.
Key Facts
- Net institutional buying: +$3.1M vs selling: -$3.95M — roughly balanced
- Two Sigma (quant) added $913K; UBS (mega-passive) DOUBLED position (+$2.2M)
- RenTech (quant) cut 75.6% of position — near-exit signal; BofA cut 75.9% — near-exit signal
- Morgan Stanley trimmed 41.2% for -$370K — moderate reduction
- No activist or family-office funds present; cluster is entirely quant and mega-passive
Financial Impact
~$4.1M of total institutional activity on a $933M market cap — ~0.44% of float turned over; net neutral after buyer vs seller crossing
Risk Factors
- RenTech and BofA near-exits may precede full exit, reducing institutional sponsorship
- Net dollar flows are approximately 0.1% of market cap — too small for a directional signal alone
- 13F disclosure lag (45 days) means positions may already be unwound or increased post-quarter-end
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-ASM-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
9d ago
|
Institutional Cluster
| $5.98 $6.83 | ▲ +14.21% | ▲ +13.78% | — |
|
Jun 8, 2026
12d ago
|
6-K
| $5.98 $6.83 | ▲ +14.21% | ▲ +12.10% | — |
|
Jun 1, 2026
19d ago
|
6-K
| $7.29 $5.84 | ▼ −19.89% | ▼ −17.14% | — |
|
May 27, 2026
24d ago
|
6-K
| $7.16 $6.80 | ▼ −5.03% | ▼ −5.34% | — |
|
May 13, 2026
5w ago
|
6-K
| $7.66 $6.65 | ▼ −13.19% | ▼ −12.47% | — |
|
Apr 23, 2026
8w ago
|
6-K
| $6.99 $6.23 | ▲ +10.87% | ▲ +12.35% | — |
|
Apr 16, 2026
9w ago
|
6-K
| $7.20 $6.99 | ▼ −2.92% | ▼ −3.90% | — |
|
Apr 6, 2026
10w ago
|
6-K
| $6.77 $6.91 | ▲ +2.07% | ▼ −2.07% | — |
US Market Status
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