SSRM Archives

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2024 Q1	Apr 19, 2024	Palm Valley Capital Management	-0.1%	4.2%	AAP, AVA, CRD-A, DOX, EQC, GENC, KELYA, LAS.TO, MLR, MSCI, NWN, PHYS, PSLV, SMCI, SSRM, TBI, WHG, WLY	AI, Bubble, Cash, Financialization, gold, small caps, Valuations, value	Small cap valuations remain elevated despite recent volatility, with median multiples still on the high side of pre-QE3 periods. The manager categorizes the small cap universe into three buckets based on quality and valuation, currently focusing on Bucket #3 cyclical or out-of-favor businesses where compensation exists for risks assumed.	NWN	View
2021 Q1	Apr 1, 2021	Palm Valley Capital Management	3.6%	3.6%	BCEI, CRD/A, CRI, DOX, GENC, GME, HP, PHYS, PSLV, PTVCB, PVCMX, SCHL, SLV, SSRM, SYKE, T, WHGLY	Bubble, Cash, Defensive, inflation, Precious Metals, small caps, Speculation, value		WHGLY CRI SSRM PHYS	View
2022 Q3	Nov 10, 2022	Palm Valley Capital Management	-0.1%	4.2%	KELYA, MAN, ODC, SNN, SSRM	-			View
2021 Q3	Oct 1, 2021	Palm Valley Capital Management	-1.1%	3.7%	AMRK, COG, DOX, NGS, OR.TO, PHYS, PSLV, SSRM, TFPM, THS, VWTR, WHGLY	gold, inflation, Natural Gas, Precious Metals, risk management, small caps, Valuations		THS	View
2024 Q4	Jan 5, 2025	Palm Valley Capital Management	-0.1%	4.2%	0288.HK, CHD, CRD-A, CRI, DOX, EL, FPI, HELE, HTLD, KELYA, LAS.TO, MAN, NVDA, NWN, PHYS, PLTR, PSLV, SEB, SSRM, STT, TBI	Cash, crypto, Cyclical, gold, small caps, Staffing, Valuations, value	Bitcoin rocketed 50% after the election to exceed $100,000, with crypto enthusiasts rejoicing at the pro-crypto stance of the incoming administration. The fund discusses various cryptocurrencies including Dogecoin with a $50 billion market cap and Tronix equal in size to major corporations, questioning the existence and value of hundreds of digital assets.	HTLD SEB KELYA	View
2021 Q4	Jan 1, 2022	Palm Valley Capital Management	0.0%	3.7%	AGI, CRD/A, CRD/B, CTRA, DOX, DRQ, HRL, NGS, ORLA.TO, PHYS, PSLV, SSRM, TFPM, THS, VWDRY, WHGLY	Cash, contrarian, Precious Metals, small caps, Valuations, value		WHGLY CRD.A DRQ AGI	View
2023 Q2	Jun 7, 2023	Palm Valley Capital Management	-0.1%	4.2%	AAP, CRD-A, CRD-B, LAS.TO, NGS, ODC, PSLV, SSRM, TBI, WHGLY	AI, Banking, Buybacks, credit, Recession, small cap, value	Manager views AI as potentially transformative but warns against investing in the current hype cycle. Compares AI boom to past bubbles like Cisco during the internet explosion, noting that revolutionary technology doesn't guarantee profitable investments. Believes progress will come in small steps rather than giant leaps.	LAS.TO BHARATBIJ.NS AAP	View
2023 Q3	May 10, 2023	Palm Valley Capital Management	-0.1%	4.2%	AAP, AVA, CRD-A, CRD-B, EQC, FPI, LAS-A.TO, MLR, SSRM, TBI	Banking, Cash, credit, interest rates, real estate, small caps, valuation	Higher interest rates are like water that freezes in an overleveraged economy and splits it apart. The 10-year Treasury yield has risen to 4.6% from below 2.0% in 2019, yet equity valuations remain elevated with the S&P 500 trading at 21x P/E. The fund sees rates as a major structural headwind that will eventually force valuation adjustments.	SSRM EQC FPI ARGX BB\|DAVA\|DDOG\|GLOB\|ILMN\|LOAR\|MELI\|NET\|NU\|NVDA\|TSM BHARATBIJ.NS AAP CRD.A LAS/A CN\|MLR\|MNRO\|NGS\|WHGLY\|WLY LAS.TO	View

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Jun 15, 2026	Fund Letters	Palm Valley Capital Management	SSR Mining	Gold	Gold	Bull	NASDAQ	Free Cash Flow, Geographic Diversification, gold mining, inflation hedge, Intermediate Producer, net asset value, strong balance sheet	View Pitch
Apr 28, 2026	Fund Letters	Palm Valley Capital Management	SSR Mining	Materials	Gold	Bull	NASDAQ	asset value, dividend, Free Cash Flow, Geographic Diversification, gold mining, materials, net cash, Precious Metals	View Pitch

BSD Shareholders of SSRM

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

Manager Name	Fund Name	Fund AUM	Invested Value	Portfolio Weight	Shares Owned	Shares Bought / Sold During Quarter	% Bought / Sold During Quarter	% of Shares Outstanding Owned
Steven A. Cohen	Point72 Asset Management	$86.8B	$30.3M	0.03%	1,381,788	+839,968	+155.03%	0.5622%
Ray Dalio	Bridgewater Associates	$27.4B	$13.0M	0.05%	590,925	-701	-0.12%	0.2404%
Israel Englander	Millennium Management LLC	$233.2B	$7.7M	0.00%	350,379	+198,544	+130.76%	0.1426%
David Siegel & John Overdeck	Two Sigma Investments	$67.5B	$7.3M	0.01%	331,019	-93,118	-21.95%	0.1347%
Cliff Asness	AQR Capital Management	$190.6B	$8.7M	0.00%	396,675	+187,253	+89.41%	0.1614%

SSRM

SSRM

Market Cap: $5.39B

Letters With This Ticker

Pitches With This Ticker

BSD Shareholders of SSRM

Join for free and get access to the buyside

Get insights from the world's most influential hedge fund investors direct to your inbox

Follow Us On: