Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Eric Sprott Decreased His Position In Wi-Lan And Pacific North West Capital Corp

Eric Sprott recently disclosed that he has sold some of his passive stakes in two Canada-traded stocks, Wi-LAN Inc. (WIN.TO) and Pacific North West Capital Corp (PFN.TO).

Sprott now has 5.94 million shares of Wi-Lan in his portfolio, corresponding to a 4.8% passive stake. This is a 23% decrease in Sprott’s position since he reported 7.67 million shares of Wi-Lan at the end of the third quarter. Sprott previously filed 8.94 million or 7.2% stake in Wi-Lan in an initial ownership filing on November 11th, 2011. Now Wi-Lan is trading at $5.5.

Sprott also decreased his stake in Pacific North West Capital Corp. He initially reported a slightly more than 4 million shares position on April 8, 2011, which gave him 5.1% passive stake of the company. Now Sprott remains 3.7 million shares or 3.5% stake in the stock. It seems Sprott paid a higher-than-current price to build the position in the first half of 2011. Now Pacific North West Capital Corp is hovering around $0.15 per share.

Eric Sprott is the Senior Portfolio Manager of the Sprott Canadian Equity Fund, Sprott Hedge Fund LP & LP II, and Sprott Bull/Bear RSP Fund. At the end of the third quarter, he has a portfolio value of $911 million, eighty percent in which are invested in Basic Materials sector.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.