PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

MORGAN STANLEY's Holding History (CIK: 0000895421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 2,396,226 Value ($000) $124,149 Avg Close $41.86 Range $33.08 - $55.85

Q3 2025

Shares 2,464,250 Value ($000) $95,440 Avg Close $32.15 Range $26.77 - $39.60

Q2 2025

Shares 2,659,805 Value ($000) $75,538 Avg Close $25.88 Range $20.55 - $29.66

Q1 2025

Shares 2,407,291 Value ($000) $62,180 Avg Close $23.93 Range $20.35 - $27.47

Q4 2024

Shares 3,041,665 Value ($000) $61,502 Avg Close $22.37 Range $19.80 - $26.05

Q3 2024

Shares 3,165,716 Value ($000) $66,069 Avg Close $21.08 Range $17.86 - $24.27

Q2 2024

Shares 2,073,908 Value ($000) $41,229 Avg Close $19.70 Range $15.10 - $22.75

Q1 2024

Shares 2,494,099 Value ($000) $37,611 Avg Close $13.80 Range $12.16 - $16.44

Q4 2023

Shares 2,241,850 Value ($000) $36,609 Avg Close $14.97 Range $13.13 - $17.20

Q3 2023

Shares 1,944,418 Value ($000) $28,155 Avg Close $15.65 Range $13.98 - $17.16

Q2 2023

Shares 2,705,411 Value ($000) $39,445 Avg Close $16.52 Range $13.90 - $19.85

Q1 2023

Shares 1,325,843 Value ($000) $24,130 Avg Close $17.19 Range $14.41 - $19.22

Q4 2022

Shares 1,723,098 Value ($000) $28,155 Avg Close $16.00 Range $13.40 - $17.69

Q3 2022

Shares 1,147,597 Value ($000) $18,224 Avg Close $17.42 Range $14.40 - $21.52

Q2 2022

Shares 1,073,561 Value ($000) $21,118 Avg Close $23.97 Range $19.59 - $30.56

Q1 2022

Shares 1,164,809 Value ($000) $31,800 Avg Close $24.62 Range $20.74 - $29.15

Q4 2021

Shares 955,504 Value ($000) $23,859 Avg Close $25.19 Range $21.39 - $28.36

Q3 2021

Shares 904,138 Value ($000) $21,040 Avg Close $26.12 Range $22.92 - $29.32

Q2 2021

Shares 933,266 Value ($000) $26,664 Avg Close $32.22 Range $27.55 - $36.14

Q1 2021

Shares 736,470 Value ($000) $22,116 Avg Close $32.49 Range $27.95 - $39.62

Q4 2020

Shares 748,706 Value ($000) $25,839 Avg Close $32.28 Range $28.33 - $37.28

Q3 2020

Shares 681,630 Value ($000) $21,914 Avg Close $34.37 Range $28.81 - $40.11

Q2 2020

Shares 754,984 Value ($000) $22,944 Avg Close $23.72 Range $14.02 - $30.59

Q1 2020

Shares 943,632 Value ($000) $13,522 Avg Close $20.77 Range $10.61 - $26.20

Q4 2019

Shares 4,029,939 Value ($000) $95,470 Avg Close $18.52 Range $15.44 - $24.02

Q3 2019

Shares 3,470,726 Value ($000) $54,421 Avg Close $16.18 Range $12.39 - $19.48

Q2 2019

Shares 3,902,979 Value ($000) $50,387 Avg Close $12.06 Range $10.26 - $13.69

Q1 2019

Shares 3,375,532 Value ($000) $44,726 Avg Close $14.00 Range $12.43 - $15.53

Q4 2018

Shares 1,078,237 Value ($000) $15,742 Avg Close $14.30 Range $12.12 - $15.75

Q3 2018

Shares 2,741,507 Value ($000) $40,465 Avg Close $15.96 Range $13.97 - $18.40

Q2 2018

Shares 1,128,163 Value ($000) $20,194 Avg Close $17.24 Range $15.65 - $18.75

Q1 2018

Shares 1,523,062 Value ($000) $24,598 Avg Close $15.92 Range $14.69 - $17.66

Q4 2017

Shares 1,743,750 Value ($000) $27,133 Avg Close $15.85 Range $13.99 - $18.00

Q3 2017

Shares 1,390,063 Value ($000) $23,701 Avg Close $17.24 Range $15.08 - $19.56

Q2 2017

Shares 935,084 Value ($000) $15,727 Avg Close $17.28 Range $15.64 - $19.43

Q1 2017

Shares 914,693 Value ($000) $16,025 Avg Close $18.18 Range $15.14 - $21.29

Q4 2016

Shares 1,500,855 Value ($000) $22,618 Avg Close $16.12 Range $13.80 - $18.37

Q3 2016

Shares 1,509,802 Value ($000) $26,603 Avg Close $18.70 Range $16.71 - $21.59

Q2 2016

Shares 731,182 Value ($000) $12,028 Avg Close $14.31 Range $10.38 - $16.49

Q1 2016

Shares 377,025 Value ($000) $4,098 Avg Close $8.57 Range $5.38 - $11.30

Q4 2015

Shares 851,048 Value ($000) $5,531 Avg Close $7.20 Range $6.10 - $8.80

Q3 2015

Shares 1,333,990 Value ($000) $8,472 Avg Close $6.83 Range $5.85 - $8.59

Q2 2015

Shares 1,268,767 Value ($000) $10,898 Avg Close $9.42 Range $8.51 - $10.44

Q1 2015

Shares 1,080,982 Value ($000) $9,480 Avg Close $10.27 Range $8.49 - $12.05

Q4 2014

Shares 1,360,637 Value ($000) $12,518 Avg Close $9.97 Range $8.69 - $11.32

Q3 2014

Shares 1,918,305 Value ($000) $21,063 Avg Close $14.07 Range $10.86 - $15.97

Q2 2014

Shares 1,661,042 Value ($000) $25,496 Avg Close $13.25 Range $12.02 - $15.50

Q1 2014

Shares 1,807,711 Value ($000) $23,265 Avg Close $13.39 Range $11.45 - $15.63

Q4 2013

Shares 1,690,232 Value ($000) $19,776 Avg Close $10.66 Range $9.78 - $11.83

Q3 2013

Shares 2,355,342 Value ($000) $24,849 Avg Close $12.17 Range $10.50 - $14.24

Q2 2013

Shares 1,487,783 Value ($000) $17,318 Avg Close $12.75 Range $10.23 - $16.36

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,396,226	$124,149	$41.86	$33.08 - $55.85
Q3 2025	2,464,250	$95,440	$32.15	$26.77 - $39.60
Q2 2025	2,659,805	$75,538	$25.88	$20.55 - $29.66
Q1 2025	2,407,291	$62,180	$23.93	$20.35 - $27.47
Q4 2024	3,041,665	$61,502	$22.37	$19.80 - $26.05
Q3 2024	3,165,716	$66,069	$21.08	$17.86 - $24.27
Q2 2024	2,073,908	$41,229	$19.70	$15.10 - $22.75
Q1 2024	2,494,099	$37,611	$13.80	$12.16 - $16.44
Q4 2023	2,241,850	$36,609	$14.97	$13.13 - $17.20
Q3 2023	1,944,418	$28,155	$15.65	$13.98 - $17.16
Q2 2023	2,705,411	$39,445	$16.52	$13.90 - $19.85
Q1 2023	1,325,843	$24,130	$17.19	$14.41 - $19.22
Q4 2022	1,723,098	$28,155	$16.00	$13.40 - $17.69
Q3 2022	1,147,597	$18,224	$17.42	$14.40 - $21.52
Q2 2022	1,073,561	$21,118	$23.97	$19.59 - $30.56
Q1 2022	1,164,809	$31,800	$24.62	$20.74 - $29.15
Q4 2021	955,504	$23,859	$25.19	$21.39 - $28.36
Q3 2021	904,138	$21,040	$26.12	$22.92 - $29.32
Q2 2021	933,266	$26,664	$32.22	$27.55 - $36.14
Q1 2021	736,470	$22,116	$32.49	$27.95 - $39.62
Q4 2020	748,706	$25,839	$32.28	$28.33 - $37.28
Q3 2020	681,630	$21,914	$34.37	$28.81 - $40.11
Q2 2020	754,984	$22,944	$23.72	$14.02 - $30.59
Q1 2020	943,632	$13,522	$20.77	$10.61 - $26.20
Q4 2019	4,029,939	$95,470	$18.52	$15.44 - $24.02
Q3 2019	3,470,726	$54,421	$16.18	$12.39 - $19.48
Q2 2019	3,902,979	$50,387	$12.06	$10.26 - $13.69
Q1 2019	3,375,532	$44,726	$14.00	$12.43 - $15.53
Q4 2018	1,078,237	$15,742	$14.30	$12.12 - $15.75
Q3 2018	2,741,507	$40,465	$15.96	$13.97 - $18.40
Q2 2018	1,128,163	$20,194	$17.24	$15.65 - $18.75
Q1 2018	1,523,062	$24,598	$15.92	$14.69 - $17.66
Q4 2017	1,743,750	$27,133	$15.85	$13.99 - $18.00
Q3 2017	1,390,063	$23,701	$17.24	$15.08 - $19.56
Q2 2017	935,084	$15,727	$17.28	$15.64 - $19.43
Q1 2017	914,693	$16,025	$18.18	$15.14 - $21.29
Q4 2016	1,500,855	$22,618	$16.12	$13.80 - $18.37
Q3 2016	1,509,802	$26,603	$18.70	$16.71 - $21.59
Q2 2016	731,182	$12,028	$14.31	$10.38 - $16.49
Q1 2016	377,025	$4,098	$8.57	$5.38 - $11.30
Q4 2015	851,048	$5,531	$7.20	$6.10 - $8.80
Q3 2015	1,333,990	$8,472	$6.83	$5.85 - $8.59
Q2 2015	1,268,767	$10,898	$9.42	$8.51 - $10.44
Q1 2015	1,080,982	$9,480	$10.27	$8.49 - $12.05
Q4 2014	1,360,637	$12,518	$9.97	$8.69 - $11.32
Q3 2014	1,918,305	$21,063	$14.07	$10.86 - $15.97
Q2 2014	1,661,042	$25,496	$13.25	$12.02 - $15.50
Q1 2014	1,807,711	$23,265	$13.39	$11.45 - $15.63
Q4 2013	1,690,232	$19,776	$10.66	$9.78 - $11.83
Q3 2013	2,355,342	$24,849	$12.17	$10.50 - $14.24
Q2 2013	1,487,783	$17,318	$12.75	$10.23 - $16.36