CENTERRA GOLD INC CGAU
COM · Common Stock · CUSIP 152006102 · ISIN CA1520061021
- SectorMaterials
- IndustryGold and Silver Ores
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.17. Options: 11 managers hold calls ($2.8m notional), 11 hold puts ($4.3m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 94 |
| Q4 2022 | 104 |
| Q1 2023 | 113 |
| Q2 2023 | 108 |
| Q3 2023 | 110 |
| Q4 2023 | 112 |
| Q1 2024 | 118 |
| Q2 2024 | 133 |
| Q3 2024 | 140 |
| Q4 2024 | 148 |
| Q1 2025 | 142 |
| Q2 2025 | 155 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 50 | 42 |
| Q4 2023 | 63 | 43 |
| Q1 2024 | 69 | 41 |
| Q2 2024 | 74 | 46 |
| Q3 2024 | 78 | 56 |
| Q4 2024 | 68 | 63 |
| Q1 2025 | 73 | 68 |
| Q2 2025 | 87 | 53 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.2m | $461.0k | 0.38 |
| Q4 2024 | $651.5k | $288.3k | 0.44 |
| Q1 2025 | $2.6m | $1.4m | 0.53 |
| Q2 2025 | $2.8m | $4.3m | 1.55 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +8.1m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +1.8m |
| Waratah Capital Advisors Ltd. | Added | +1.7m |
| UBS Group AG | Added | +1.4m |
| Knoll Capital Management, LLC | New | +1.2m |
| BANK OF AMERICA CORP /DE/ | Added | +1.0m |
| CAUSEWAY CAPITAL MANAGEMENT LLC | New | +635.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +526.4k |
| Cambria Investment Management, L.P. | New | +497.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +443.4k |
Biggest sellers
| VAN ECK ASSOCIATES CORP | Reduced | -2.0m |
| BANK OF MONTREAL /CAN/ | Reduced | -841.9k |
| Bastion Asset Management Inc. | Sold out | -818.2k |
| GOLDMAN SACHS GROUP INC | Reduced | -495.9k |
| EDMOND DE ROTHSCHILD HOLDING S.A. | Reduced | -351.5k |
| Amundi | Reduced | -297.6k |
| U S GLOBAL INVESTORS INC | Reduced | -237.0k |
| DONALD SMITH & CO., INC. | Reduced | -236.0k |
| GUGGENHEIM CAPITAL LLC | Reduced | -228.7k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -217.5k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $837.8k116.2k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $728.1k1.0k shares |
| AMH Equity Ltd | New | $288.4k40.0k shares |
| Brooklands Fund Management Ltd | Added | $288.4k40.0k shares |
| SIG North Trading, ULC | Added | $214.1k29.7k shares |
| WOLVERINE TRADING, LLC | New | $186.4k26.4k shares |
| SIMPLEX TRADING, LLC | Added | $148.0k20.6k shares |
| BANK OF MONTREAL /CAN/ | New | $64.2k8.9k shares |
| GROUP ONE TRADING LLC | Reduced | $40.4k5.6k shares |
| TORONTO DOMINION BANK | Unchanged | $7.2k1.0k shares |
Biggest puts
| BANK OF MONTREAL /CAN/ | Added | $1.5m205.7k shares |
| CIBC WORLD MARKET INC. | New | $1.2m172.4k shares |
| CITADEL ADVISORS LLC | Added | $654.7k90.8k shares |
| JANE STREET GROUP, LLC | New | $393.7k54.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $180.0k25.5k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $143.3k199 shares |
| SIMPLEX TRADING, LLC | Reduced | $91.0k12.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $72.1k10.0k shares |
| GROUP ONE TRADING LLC | Added | $68.5k9.5k shares |
| TORONTO DOMINION BANK | Reduced | $14.4k2.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| DONALD SMITH & CO., INC. 13G · institution -0.1 pts · filed 2026-08-11 | 7.8% |
| VAN ECK ASSOCIATES CORP 13G · institution -1.9 pts · filed 2025-08-14 | 6.6% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution new · filed 2025-07-15 | 5.8% |
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.01% of their portfolio | 16.8m $120.9m | Added +8.1m |
| VAN ECK ASSOCIATES CORP 0.11% of their portfolio | 13.6m $98.3m | Reduced -2.0m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 12.8m $92.6m | Reduced -495.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.13% of their portfolio | 8.5m $61.0m | Added +1.8m |
| VANGUARD GROUP INC 0.00% of their portfolio | 8.4m $60.3m | Added +58.6k |
| DONALD SMITH & CO., INC. 1.37% of their portfolio | 8.1m $58.0m | Reduced -236.0k |
| Ruffer LLP 2.28% of their portfolio | 7.2m $51.6m | Added +64.1k |
| Waratah Capital Advisors Ltd. 3.28% of their portfolio | 6.7m $48.2m | Added +1.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 6.5m $47.1m | Added +443.4k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 4.1m $29.2m | Added +436.2k |
| Man Group plc 0.06% of their portfolio | 3.6m $26.2m | Added +323.9k |
| MORGAN STANLEY 0.00% of their portfolio | 3.6m $25.9m | Added +163.9k |
| Pale Fire Capital SE 2.61% of their portfolio | 3.5m $25.0m | Unchanged |
| Nuveen, LLC 0.01% of their portfolio | 2.7m $19.1m | Added +354.7k |
| Invesco Ltd. 0.00% of their portfolio | 2.6m $18.9m | Added +439.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.5m $18.2m | Added +1.0m |
| HEARTLAND ADVISORS INC 0.90% of their portfolio | 2.2m $16.1m | Added +16.8k |
| UBS Group AG 0.00% of their portfolio | 2.2m $16.1m | Added +1.4m |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 2.2m $16.0m | Reduced -841.9k |
| Amundi 0.01% of their portfolio | 2.2m $16.4m | Reduced -297.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio | 2.0m $14.6m | Reduced -217.5k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 2.0m $14.6m | Reduced -27.9k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.23% of their portfolio | 2.0m $14.1m | Reduced -351.5k |
| TD Asset Management Inc 0.01% of their portfolio | 1.3m $9.5m | Added +179.3k |
| Knoll Capital Management, LLC 0.12% of their portfolio | 1.2m $170.3k | New |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 1.2m $8.4m | Reduced -37.5k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 887.4k $6.4m | Added +197.7k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 858.8k $6.2m | Added +258.7k |
| Legal & General Group Plc 0.00% of their portfolio | 818.4k $5.9m | Added +164.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 809.2k $5.8m | Reduced -103.8k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 774.9k $5.6m | Added +395.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 768.0k $5.5m | Added +128.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 767.5k $7.2m | Added +129.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 767.2k $5.5m | Reduced -82.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 702.0k $5.0m | Added +2.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 682.8k $4.9m | Added +526.4k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 635.5k $4.6m | New |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 604.2k $4.4m | Added +65.6k |
| VIRTUS ADVISERS, LLC 3.33% of their portfolio | 583.2k $5.5m | Added +58.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 555.4k $4.0m | Added +391.4k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 543.3k $3.9m | Reduced -18.2k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.03% of their portfolio | 542.1k $3.9m | Added +208.2k |
| Groupe la Francaise 0.06% of their portfolio | 540.0k $3.9m | Reduced -20.0k |
| Polunin Capital Partners Ltd 0.61% of their portfolio | 529.1k $3.8m | Unchanged |
| U S GLOBAL INVESTORS INC 0.45% of their portfolio | 527.3k $3.8m | Reduced -237.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 522.4k $3.8m | Added +82.9k |
| Cambria Investment Management, L.P. 0.24% of their portfolio | 497.7k $3.6m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 459.7k $3.3m | Reduced -143.0k |
| JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio | 419.2k $3.0m | Added +241.4k |
| Swiss National Bank 0.00% of their portfolio | 403.4k $2.9m | Reduced -8.7k |
| INTACT INVESTMENT MANAGEMENT INC. 0.10% of their portfolio | 401.4k $2.9m | Added +267.9k |
| AXA S.A. 0.01% of their portfolio | 379.6k $2.7m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 366.1k $2.6m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 347.3k $2.5m | Reduced -28.4k |
| Quadrature Capital Ltd 0.04% of their portfolio | 311.8k $2.2m | Reduced -21.7k |
| CoreCommodity Management, LLC 0.37% of their portfolio | 308.2k $2.2m | Reduced -195.9k |
| Y-Intercept (Hong Kong) Ltd 0.05% of their portfolio | 298.4k $2.2m | Added +214.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 280.7k $2.0m | Added +199.0k |
| CM Management, LLC 1.81% of their portfolio | 275.0k $2.0m | Reduced -75.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 255.7k $1.8m | Added +91.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 252.1k $1.8m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 235.2k $1.7m | Added +4.3k |
| BESSEMER GROUP INC 0.00% of their portfolio | 220.3k $1.6m | Added +30.0k |
| Trexquant Investment LP 0.02% of their portfolio | 209.7k $1.5m | Added +74.5k |
| Alberta Investment Management Corp 0.01% of their portfolio | 202.9k $1.5m | Unchanged |
| CIBC Asset Management Inc 0.00% of their portfolio | 201.9k $1.5m | Reduced -59.9k |
| Campbell & CO Investment Adviser LLC 0.09% of their portfolio | 200.4k $1.4m | Added +24.2k |
| AMH Equity Ltd 2.05% of their portfolio | 193.4k $1.4m | Added +51.4k |
| RITHOLTZ WEALTH MANAGEMENT 0.03% of their portfolio | 193.3k $1.4m | Added +80.4k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 190.1k $1.4m | Added +37.0k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 183.8k $1.3m | Added +2.5k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 182.9k $1.3m | New |
| Allianz Asset Management GmbH 0.00% of their portfolio | 166.1k $1.2m | New |
| PCJ Investment Counsel Ltd. 0.41% of their portfolio | 165.5k $1.2m | Reduced -230 |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 154.5k $1.1m | Reduced -228.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 150.5k $1.1m | Added +76.9k |
| Nokomis Capital, L.L.C. 0.43% of their portfolio | 141.8k $1.0m | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 138.8k $998.1k | Added +15.0k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio | 127.3k $917.9k | Reduced -159.0k |
| Quantbot Technologies LP 0.02% of their portfolio | 117.6k $847.7k | Added +16.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio | 105.3k $759.1k | Reduced -2.6k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 93.9k $677.3k | Reduced -23.3k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 92.7k $668.2k | Added +82.5k |
| Cubist Systematic Strategies, LLC 0.01% of their portfolio | 90.9k $655.6k | Added +60.6k |
| PKO Investment Management Joint-Stock Co 0.06% of their portfolio | 79.0k $566.7k | Reduced -66.0k |
| CITIGROUP INC 0.00% of their portfolio | 78.0k $561.0k | Added +5.2k |
| Atria Wealth Solutions, Inc. 0.01% of their portfolio | 75.0k $566.0k | Reduced -15.0k |
| PICTON MAHONEY ASSET MANAGEMENT 0.01% of their portfolio | 73.6k $530.0k | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 72.6k $513.0k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 69.0k $496.3k | Added +3.0k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 66.7k $480.0k | Added +57.2k |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 50.0k $360.4k | Reduced -3.0k |
| Counterpoint Mutual Funds LLC 0.03% of their portfolio | 48.6k $350.6k | New |
| Aquatic Capital Management LLC 0.01% of their portfolio | 47.1k $339.8k | Reduced -18.6k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 45.8k $328.0k | Reduced -9.5k |
| INSIGNEO ADVISORY SERVICES, LLC 0.03% of their portfolio | 45.5k $327.9k | Unchanged |
| Artisan Partners Limited Partnership 0.00% of their portfolio | 44.2k $318.7k | Unchanged |
| Ashton Thomas Private Wealth, LLC 0.01% of their portfolio | 43.7k $314.4k | Reduced -32.6k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 43.0k $309.0k | New |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 39.8k $287.0k | Added +26.7k |