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 ($35.3k this quarter). Holder counts are more reliable. Shares outstanding: 199.8m as of 2025-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $17.77. Options: 13 managers hold calls ($9.1m notional), 10 hold puts ($6.0m).
Trends to Q1 2026
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 |
| Q3 2025 | 166 |
| Q4 2025 | 186 |
| Q1 2026 | 203 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 74 | 46 |
| Q3 2024 | 78 | 56 |
| Q4 2024 | 68 | 63 |
| Q1 2025 | 73 | 68 |
| Q2 2025 | 87 | 53 |
| Q3 2025 | 93 | 70 |
| Q4 2025 | 92 | 84 |
| Q1 2026 | 97 | 105 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $2.8m | $4.3m | 1.55 |
| Q3 2025 | $13.9m | $3.6m | 0.26 |
| Q4 2025 | $12.2m | $2.4m | 0.20 |
| Q1 2026 | $9.1m | $6.0m | 0.66 |
Biggest buyers
| VAN ECK ASSOCIATES CORP | Added | +9.5m |
| L1 Capital Pty Ltd | New | +7.1m |
| FMR LLC | New | +2.7m |
| WESTWOOD HOLDINGS GROUP INC | New | +2.7m |
| DONALD SMITH & CO., INC. | Added | +1.6m |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +1.3m |
| PICTON MAHONEY ASSET MANAGEMENT | New | +1.1m |
| Woodline Partners LP | New | +1.0m |
| AMERICAN CENTURY COMPANIES INC | Added | +909.4k |
| TWO SIGMA INVESTMENTS, LP | Added | +698.5k |
Biggest sellers
| Ruffer LLP | Reduced | -2.5m |
| MORGAN STANLEY | Reduced | -2.3m |
| UBS Group AG | Reduced | -1.8m |
| Verbena Value LP | Sold out | -1.6m |
| Waratah Capital Advisors Ltd. | Reduced | -1.5m |
| FIL Ltd | Reduced | -1.5m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.2m |
| INTACT INVESTMENT MANAGEMENT INC. | Reduced | -1.2m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.1m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -752.6k |
Biggest calls
| CIBC WORLD MARKET INC. | New | $1.8m100.0k shares |
| SIG North Trading, ULC | Added | $1.2m67.6k shares |
| CITADEL ADVISORS LLC | Added | $1.1m63.5k shares |
| IMC-Chicago, LLC | Added | $1.0m58.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $951.8k53.5k shares |
| Waratah Capital Advisors Ltd. | New | $889.5k50.0k shares |
| GROUP ONE TRADING LLC | Reduced | $547.9k30.8k shares |
| Point72 Asset Management, L.P. | New | $523.0k29.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $469.7k26.4k shares |
| JANE STREET GROUP, LLC | New | $336.2k18.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.3m127.5k shares |
| CITADEL ADVISORS LLC | Added | $1.2m66.5k shares |
| IMC-Chicago, LLC | New | $732.9k41.2k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $544.0k306 shares |
| JANE STREET GROUP, LLC | Added | $414.5k23.3k shares |
| Point72 Asset Management, L.P. | New | $371.8k20.9k shares |
| GROUP ONE TRADING LLC | Added | $252.6k14.2k shares |
| SIG North Trading, ULC | New | $199.2k11.2k shares |
| BANK OF MONTREAL /CAN/ | New | $35.6k2.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.9k500 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 Q1 2026
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 Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 0.21% of their portfolio | 16.1m $285.7m | Added +9.5m |
| DONALD SMITH & CO., INC. 5.05% of their portfolio | 15.8m $280.6m | Added +1.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 8.3m $147.9m | Added +39.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.19% of their portfolio | 7.7m $136.6m | Reduced -417.9k |
| L1 Capital Pty Ltd 4.91% of their portfolio | 7.1m $125.0m | New |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 6.8m $121.3m | Reduced -1.2m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 5.8m $103.2m | First filing |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 5.4m $96.5m | Added +909.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.14% of their portfolio | 3.4m $60.2m | Added +1.3m |
| Hillsdale Investment Management Inc. 1.56% of their portfolio | 3.2m $57.4m | Reduced -285.9k |
| Invesco Ltd. 0.01% of their portfolio | 3.2m $56.3m | Added +181.7k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 3.1m $55.0m | Added +234.8k |
| FMR LLC 0.00% of their portfolio | 2.7m $48.3m | New |
| WESTWOOD HOLDINGS GROUP INC 0.35% of their portfolio | 2.7m $48.3m | New |
| Merewether Investment Management, LP 0.78% of their portfolio | 2.3m $40.1m | Added +11.4k |
| Nuveen, LLC 0.01% of their portfolio | 2.3m $40.0m | Reduced -454.1k |
| HEARTLAND ADVISORS INC 2.01% of their portfolio | 2.2m $39.4m | Added +14.8k |
| Waratah Capital Advisors Ltd. 3.51% of their portfolio | 2.2m $39.2m | Reduced -1.5m |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.8m $31.3m | First filing |
| MORGAN STANLEY 0.00% of their portfolio | 1.7m $30.2m | Reduced -2.3m |
| Amundi 0.01% of their portfolio | 1.6m $29.3m | Reduced -105.9k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 1.6m $27.6m | Added +698.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $24.3m | Reduced -1.1m |
| HATCH COVE CAPITAL, LLC 8.49% of their portfolio | 1.3m $22.2m | Reduced -2.3k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.27% of their portfolio | 1.2m $22.1m | Reduced -4.8k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 1.2m $20.6m | Reduced -105.4k |
| PICTON MAHONEY ASSET MANAGEMENT 0.20% of their portfolio | 1.1m $19.5m | New |
| Woodline Partners LP 0.07% of their portfolio | 1.0m $18.6m | New |
| Legal & General Group Plc 0.00% of their portfolio | 1.0m $18.2m | Reduced -14.0k |
| FIL Ltd 0.01% of their portfolio | 1.0m $18.0m | Reduced -1.5m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 963.5k $17.1m | Added +166.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 917.6k $15.3m | Added +161.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 912.2k $16.2m | Added +363.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 869.1k $15.4m | Added +106.5k |
| Groupe la Francaise 0.21% of their portfolio | 860.0k $15.2m | Added +290.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 822.5k $14.6m | Reduced -240.7k |
| TD Asset Management Inc 0.01% of their portfolio | 807.3k $14.3m | Added +36.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 744.9k $13.2m | Reduced -2.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 736.9k $13.1m | Reduced -68.3k |
| Ruffer LLP 0.53% of their portfolio | 730.8k $13.0m | Reduced -2.5m |
| Vanguard Global Advisers, LLC 0.01% of their portfolio | 626.9k $11.1m | First filing |
| Allianz Asset Management GmbH 0.01% of their portfolio | 622.4k $11.0m | Added +422.7k |
| Extract Advisors LLC 6.71% of their portfolio | 545.6k $9.7m | Reduced -60.0k |
| BARCLAYS PLC 0.00% of their portfolio | 503.3k $9.0m | Added +195.8k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.13% of their portfolio | 500.0k $8.9m | Reduced -100.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 490.4k $8.7m | Reduced -50.1k |
| STANSBERRY ASSET MANAGEMENT, LLC 0.86% of their portfolio | 471.1k $8.4m | Added +360.3k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio | 467.6k $8.3m | Reduced -27.6k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio | 465.1k $8.3m | Added +119.0k |
| U S GLOBAL INVESTORS INC 0.91% of their portfolio | 438.5k $7.8m | Reduced -283.5k |
| Swiss National Bank 0.00% of their portfolio | 401.7k $7.1m | Reduced -1.7k |
| Trexquant Investment LP 0.05% of their portfolio | 398.9k $7.1m | Added +144.5k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 374.4k $6.7m | Reduced -340.0k |
| Knoll Capital Management, LLC 3.38% of their portfolio | 359.0k $6.4m | Reduced -138.4k |
| JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio | 335.3k $5.9m | Reduced -92.6k |
| INTACT INVESTMENT MANAGEMENT INC. 0.16% of their portfolio | 325.4k $5.8m | Reduced -1.2m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 300.0k $5.3m | Reduced -600.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 297.8k $5.3m | Reduced -172.1k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 282.3k $5.0m | Reduced -752.6k |
| Verition Fund Management LLC 0.05% of their portfolio | 280.5k $5.0m | Reduced -228.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 274.2k $4.9m | Added +140.1k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 0.40% of their portfolio | 271.8k $4.8m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 268.7k $4.8m | Reduced -79.1k |
| VIRTUS ADVISERS, LLC 2.69% of their portfolio | 258.0k $5.8m | Reduced -29.8k |
| PCJ Investment Counsel Ltd. 1.29% of their portfolio | 255.3k $4.5m | Added +109.3k |
| Man Group plc 0.01% of their portfolio | 225.0k $4.0m | Reduced -565.6k |
| Quadrature Capital Ltd 0.05% of their portfolio | 219.5k $3.9m | Reduced -356.6k |
| UBS Group AG 0.00% of their portfolio | 215.0k $3.8m | Reduced -1.8m |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 212.7k $3.1m | Reduced -2.9k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 201.5k $3.6m | Reduced -490.8k |
| Accordant Advisory Group Inc 2.19% of their portfolio | 199.0k $3.5m | Added +9.2k |
| Pavaki Capital Management LLC 2.46% of their portfolio | 197.0k $3.5m | Unchanged |
| CIBC Asset Management Inc 0.01% of their portfolio | 193.2k $3.4m | Added +4.4k |
| BESSEMER GROUP INC 0.01% of their portfolio | 191.4k $3.4m | Unchanged |
| Integrated Quantitative Investments LLC 0.61% of their portfolio | 187.6k $3.3m | New |
| CREDIT AGRICOLE S A 0.01% of their portfolio | 187.0k $3.3m | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 185.2k $3.3m | First filing |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 182.2k $3.2m | Reduced -37.7k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 173.2k $3.1m | New |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio | 170.8k $3.0m | Added +63.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 154.1k $2.7m | Reduced -8.6k |
| NAVELLIER & ASSOCIATES INC 0.28% of their portfolio | 150.4k $2.7m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 149.8k $2.7m | Added +6.9k |
| Northwest & Ethical Investments L.P. 0.06% of their portfolio | 148.7k $2.7m | Added +49.7k |
| Spark Investment Management LLC 6.26% of their portfolio | 147.0k $2.6m | Added +106.0k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 137.6k $2.4m | Reduced -7.0k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 130.2k $2.3m | Added +36.4k |
| RITHOLTZ WEALTH MANAGEMENT 0.04% of their portfolio | 121.4k $2.2m | Reduced -25.7k |
| Polar Asset Management Partners Inc. 0.05% of their portfolio | 120.0k $2.1m | Reduced -80.0k |
| Hartree Partners, LP 0.46% of their portfolio | 120.0k $2.1m | Added +15.0k |
| Precision Wealth Strategies, LLC 0.66% of their portfolio | 111.8k $2.0m | New |
| Vident Advisory, LLC 0.02% of their portfolio | 110.5k $2.0m | New |
| CVFG LLC 0.22% of their portfolio | 98.3k $1.7m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 96.6k $1.7m | Added +21.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 93.8k $1.7m | New |
| PKO Investment Management Joint-Stock Co 0.13% of their portfolio | 87.0k $1.5m | New |
| SIG North Trading, ULC 0.30% of their portfolio | 83.6k $1.5m | Reduced -55.4k |
| Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 2.49% of their portfolio | 78.9k $1.4m | Reduced -15.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 76.5k $1.4m | Reduced -31.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 74.8k $1.3m | Added +3.5k |