Institutional investors cut holdings in Matador Resources, Applied Materials and Pan American Silver

Copeland Capital Management reduced its stake in Matador Resources by 8.6%, selling 122,054 shares and holding about 1.3 million shares worth roughly $82 million, which represents 1.8% of the fund’s portfolio.

Euro Pacific Asset Management trimmed its position in Pan American Silver by 2.7%, selling 34,666 shares and retaining about 1.25 million shares valued at nearly $63 million, about 0.3% of its holdings.

Separately, Applied Materials shares fell 5.6% after Chinese AI startup Moonshot AI released a foundation model that investors said could curb data‑center spending, prompting broader market declines in semiconductor equipment stocks.