FORTUNA MNG CORP FSM
COM NEW · Common Stock · CUSIP 349942102 · ISIN CA3499421020
- 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 ($227.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.54. Options: 13 managers hold calls ($35.5m notional), 13 hold puts ($11.3m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2024 | 1 |
| Q2 2024 | 146 |
| Q3 2024 | 172 |
| Q4 2024 | 172 |
| Q1 2025 | 179 |
| Q2 2025 | 204 |
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 | 142 | 0 |
| Q3 2024 | 88 | 66 |
| Q4 2024 | 76 | 80 |
| Q1 2025 | 83 | 79 |
| Q2 2025 | 104 | 86 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $12.6m | $8.7m | 0.69 |
| Q4 2024 | $10.8m | $8.8m | 0.81 |
| Q1 2025 | $19.9m | $8.2m | 0.41 |
| Q2 2025 | $35.5m | $11.3m | 0.32 |
Biggest buyers
| MORGAN STANLEY | Added | +7.0m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +5.3m |
| Euro Pacific Asset Management, LLC | Added | +4.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +4.4m |
| JANE STREET GROUP, LLC | Added | +2.3m |
| D. E. Shaw & Co., Inc. | Added | +2.2m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +2.2m |
| CITADEL ADVISORS LLC | Added | +1.6m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +1.6m |
| Qube Research & Technologies Ltd | Added | +1.4m |
Biggest sellers
| VAN ECK ASSOCIATES CORP | Reduced | -3.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -3.1m |
| Invesco Ltd. | Reduced | -2.4m |
| Man Group plc | Reduced | -2.1m |
| Jump Financial, LLC | Reduced | -2.0m |
| Point72 Asset Management, L.P. | Sold out | -1.9m |
| JPMORGAN CHASE & CO | Reduced | -1.7m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.5m |
| Tidal Investments LLC | Reduced | -1.5m |
| Hillsdale Investment Management Inc. | Reduced | -1.5m |
Biggest calls
| PEAK6 LLC | Added | $20.0m3.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.9m1.1m shares |
| SIMPLEX TRADING, LLC | Reduced | $2.3m356.8k shares |
| CITADEL ADVISORS LLC | Added | $2.1m319.3k shares |
| GROUP ONE TRADING LLC | Reduced | $1.7m258.1k shares |
| IMC-Chicago, LLC | Added | $1.0m153.0k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $669.0k102.3k shares |
| SIG North Trading, ULC | Added | $482.7k73.8k shares |
| Walleye Capital LLC | Added | $172.0k26.3k shares |
| JANE STREET GROUP, LLC | Reduced | $139.3k21.3k shares |
Biggest puts
| WOLVERINE ASSET MANAGEMENT LLC | Added | $3.3m507.5k shares |
| UBS Group AG | New | $2.0m300.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.9m286.2k shares |
| SIG North Trading, ULC | Added | $1.3m198.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $897.9k137.3k shares |
| CITADEL ADVISORS LLC | Reduced | $822.1k125.7k shares |
| SIMPLEX TRADING, LLC | Added | $429.0k65.6k shares |
| IMC-Chicago, LLC | Reduced | $410.1k62.7k shares |
| GROUP ONE TRADING LLC | Reduced | $210.6k32.2k shares |
| Squarepoint Ops LLC | Unchanged | $73.9k11.3k 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 |
|---|---|
| VAN ECK ASSOCIATES CORP 13G · institution -2.9 pts · filed 2026-05-15 | 6.8% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution +1.0 pts · filed 2026-10-08 | 6.2% |
| Global X Management CO LLC 13G · institution new · filed 2026-02-17 | 5.9% |
Fell to 5% or below in the last year: ARROWSTREET CAPITAL, LIMITED PARTNERSHIP (5.0%, 2026-05-15)
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 |
|---|---|---|
| VAN ECK ASSOCIATES CORP 0.15% of their portfolio | 20.4m $133.5m | Reduced -3.2m |
| MORGAN STANLEY 0.01% of their portfolio | 13.0m $84.8m | Added +7.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 10.8m $70.9m | Reduced -3.1m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.13% of their portfolio | 9.9m $64.8m | Added +1.6m |
| Euro Pacific Asset Management, LLC 5.28% of their portfolio | 8.8m $56.6m | Added +4.5m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 8.6m $56.4m | Added +261.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 8.0m $52.0m | Reduced -558.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.09% of their portfolio | 7.0m $45.8m | Added +2.2m |
| Tidal Investments LLC 0.29% of their portfolio | 6.8m $44.5m | Reduced -1.5m |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 6.6m $43.5m | Added +5.3m |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 6.6m $43.0m | Added +2.2m |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 6.4m $41.6m | Added +434.3k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 5.4m $35.5m | Added +4.4m |
| Connor, Clark & Lunn Investment Management Ltd. 0.10% of their portfolio | 4.5m $29.2m | Reduced -409.6k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 3.9m $25.7m | Added +1.6m |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 3.8m $24.7m | Reduced -1.5m |
| Hillsdale Investment Management Inc. 0.89% of their portfolio | 3.7m $24.0m | Reduced -1.5m |
| Amundi 0.01% of their portfolio | 3.6m $23.7m | Added +466.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 3.5m $23.1m | Reduced -821.4k |
| Nuveen, LLC 0.01% of their portfolio | 3.0m $19.5m | Added +178.6k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 2.8m $18.5m | Added +2.3m |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 2.8m $18.2m | Added +28.6k |
| Trexquant Investment LP 0.18% of their portfolio | 2.5m $16.2m | Added +1.0m |
| UBS Group AG 0.00% of their portfolio | 2.4m $15.7m | Added +1.1m |
| TD Asset Management Inc 0.01% of their portfolio | 2.3m $15.0m | Added +231.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.1m $13.9m | Added +970.8k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 1.8m $11.6m | Added +538.8k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 1.7m $11.3m | Reduced -223.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.6m $10.7m | Reduced -1.7m |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 1.6m $10.6m | Added +1.4m |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 1.3m $8.8m | Reduced -771.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 1.1m $7.4m | Added +203.3k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.05% of their portfolio | 1.0m $6.8m | New |
| Legal & General Group Plc 0.00% of their portfolio | 1.0m $6.6m | Added +163.0k |
| Cubist Systematic Strategies, LLC 0.07% of their portfolio | 963.6k $6.3m | Reduced -1.1m |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 829.7k $5.4m | Added +91.8k |
| SPROTT INC. 0.26% of their portfolio | 801.8k $5.2m | Reduced -43.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 769.7k $5.1m | Added +124.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 646.3k $4.2m | Reduced -471.3k |
| Sicart Associates LLC 1.46% of their portfolio | 638.7k $4.2m | Reduced -11.5k |
| Y-Intercept (Hong Kong) Ltd 0.10% of their portfolio | 606.4k $4.0m | New |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 594.2k $3.9m | Added +125.2k |
| Swiss National Bank 0.00% of their portfolio | 589.7k $3.8m | Reduced -21.1k |
| Gotham Asset Management, LLC 0.02% of their portfolio | 563.3k $3.7m | Added +162.0k |
| U S GLOBAL INVESTORS INC 0.43% of their portfolio | 553.1k $3.6m | Reduced -23.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 546.5k $3.6m | Reduced -294.0k |
| TIAA TRUST, NATIONAL ASSOCIATION 0.01% of their portfolio | 436.5k $2.9m | New |
| TORONTO DOMINION BANK 0.01% of their portfolio | 399.2k $2.6m | Added +349.2k |
| De Lisle Partners LLP 0.35% of their portfolio | 373.8k $2.4m | Added +13.8k |
| Pine Valley Investments Ltd Liability Co 0.14% of their portfolio | 368.7k $2.4m | Reduced -7.6k |
| PCJ Investment Counsel Ltd. 0.83% of their portfolio | 368.1k $2.4m | Reduced -62.6k |
| Penn Capital Management Company, LLC 0.20% of their portfolio | 350.6k $2.3m | New |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 349.8k $2.3m | Added +53.8k |
| CAPITAL FUND MANAGEMENT S.A. 0.02% of their portfolio | 331.6k $2.2m | New |
| BARCLAYS PLC 0.00% of their portfolio | 326.6k $2.1m | Reduced -48.2k |
| Engineers Gate Manager LP 0.02% of their portfolio | 296.1k $1.9m | Added +178.3k |
| CIBC Asset Management Inc 0.01% of their portfolio | 292.9k $1.9m | Reduced -87.1k |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 289.0k $1.9m | New |
| Jump Financial, LLC 0.02% of their portfolio | 279.3k $1.8m | Reduced -2.0m |
| SUSQUEHANNA ADVISORS GROUP, INC. 0.07% of their portfolio | 277.1k $1.8m | New |
| VANGUARD GROUP INC 0.00% of their portfolio | 264.7k $1.7m | Reduced -18.3k |
| Dynamic Technology Lab Private Ltd 0.23% of their portfolio | 263.2k $1.7m | New |
| Invesco Ltd. 0.00% of their portfolio | 253.4k $1.7m | Reduced -2.4m |
| Centiva Capital, LP 0.10% of their portfolio | 241.2k $1.6m | Added +8.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 228.3k $1.5m | Added +209 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 226.2k $1.5m | Reduced -19.3k |
| Virtu Financial LLC 0.07% of their portfolio | 216.0k $1.4m | New |
| Erste Asset Management GmbH 0.02% of their portfolio | 196.8k $2.4m | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 194.7k $1.3m | New |
| NewEdge Advisors, LLC 0.01% of their portfolio | 194.7k $1.3m | Reduced -188.7k |
| Vident Advisory, LLC 0.01% of their portfolio | 192.7k $1.3m | Reduced -15.4k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio | 186.3k $1.2m | Reduced -173.1k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 184.4k $1.2m | Reduced -61.4k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 179.7k $1.2m | Reduced -481.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 171.0k $1.1m | Added +6.4k |
| Point72 Asia (Singapore) Pte. Ltd. 0.20% of their portfolio | 170.9k $1.1m | Added +163.4k |
| Man Group plc 0.00% of their portfolio | 163.7k $1.1m | Reduced -2.1m |
| Quantbot Technologies LP 0.03% of their portfolio | 160.3k $1.0m | New |
| Graham Capital Management, L.P. 0.03% of their portfolio | 156.5k $1.0m | Added +102.7k |
| PICTON MAHONEY ASSET MANAGEMENT 0.01% of their portfolio | 145.9k $951.0k | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 141.1k $924.1k | Reduced -174.5k |
| Northwest & Ethical Investments L.P. 0.02% of their portfolio | 132.6k $867.5k | Reduced -49.0k |
| LPL Financial LLC 0.00% of their portfolio | 130.4k $852.6k | Added +75.3k |
| PDT Partners, LLC 0.05% of their portfolio | 127.9k $836.6k | Reduced -125.3k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 126.4k $826.7k | New |
| Capula Management Ltd 0.01% of their portfolio | 123.2k $1.1m | Not comparable |
| KLEIN PAVLIS & PEASLEY FINANCIAL, INC. 0.54% of their portfolio | 122.9k $803.6k | Added +2.9k |
| SIG North Trading, ULC 0.17% of their portfolio | 119.0k $778.0k | Reduced -28.0k |
| HOLLENCREST CAPITAL MANAGEMENT 0.03% of their portfolio | 118.4k $774.1k | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 118.1k $772.4k | Unchanged |
| OXFORD ASSET MANAGEMENT LLP 0.23% of their portfolio | 108.3k $708.1k | Not comparable |
| PKO Investment Management Joint-Stock Co 0.07% of their portfolio | 104.4k $680.1k | Reduced -50.0k |
| SG Americas Securities, LLC 0.00% of their portfolio | 103.8k $679.0k | Reduced -74.4k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 101.4k $662.0k | Added +75.6k |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 99.2k $648.6k | New |
| Versor Investments LP 0.11% of their portfolio | 97.4k $637.8k | New |
| Catalyst Funds Management Pty Ltd 0.16% of their portfolio | 89.3k $584.0k | New |
| Tower Research Capital LLC (TRC) 0.01% of their portfolio | 84.8k $554.5k | Added +77.5k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 83.8k $547.1k | Added +35.5k |
| XTX Topco Ltd 0.02% of their portfolio | 82.9k $542.1k | Reduced -3.6k |