GALIANO GOLD INC GAU
COM · Common Stock · CUSIP 36352H100
- SectorMaterials
- IndustryMining & Quarrying of Nonmetallic Minerals (No Fuels)
- 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 ($32.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.87. Options: 6 managers hold calls ($762.8k notional), 5 hold puts ($333.0k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 26 |
| Q4 2022 | 30 |
| Q1 2023 | 31 |
| Q2 2023 | 32 |
| Q3 2023 | 33 |
| Q4 2023 | 33 |
| Q1 2024 | 42 |
| Q2 2024 | 50 |
| Q3 2024 | 52 |
| Q4 2024 | 47 |
| Q1 2025 | 48 |
| Q2 2025 | 51 |
| Q3 2025 | 84 |
| Q4 2025 | 86 |
| Q1 2026 | 92 |
| Q2 2026 | 88 |
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 2024 | 26 | 20 |
| Q4 2024 | 21 | 22 |
| Q1 2025 | 21 | 22 |
| Q2 2025 | 27 | 20 |
| Q3 2025 | 63 | 17 |
| Q4 2025 | 45 | 46 |
| Q1 2026 | 59 | 35 |
| Q2 2026 | 43 | 47 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $544.8k | $713.4k | 1.31 |
| Q4 2025 | $711.5k | $917.9k | 1.29 |
| Q1 2026 | $1.2m | $929.0k | 0.76 |
| Q2 2026 | $762.8k | $333.0k | 0.44 |
Biggest buyers
| AEGIS FINANCIAL CORP | Added | +7.7m |
| DONALD SMITH & CO., INC. | Added | +3.2m |
| Man Group plc | Added | +1.6m |
| Pale Fire Capital SE | Added | +1.0m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.0m |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +823.6k |
| AMERICAN CENTURY COMPANIES INC | Added | +628.1k |
| JANE STREET GROUP, LLC | Added | +381.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +370.9k |
| Graham Capital Management, L.P. | Added | +181.9k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -3.6m |
| MARSHALL WACE, LLP | Sold out | -3.0m |
| MORGAN STANLEY | Reduced | -2.1m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -1.5m |
| Walleye Capital LLC | Sold out | -1.5m |
| TORONTO DOMINION BANK | Reduced | -1.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.3m |
| Aquatic Capital Management LLC | Reduced | -842.2k |
| GOLDMAN SACHS GROUP INC | Reduced | -725.5k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -712.5k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $247.6k132.4k shares |
| CITADEL ADVISORS LLC | Added | $224.4k120.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $142.3k76.1k shares |
| JANE STREET GROUP, LLC | Reduced | $65.3k34.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $47.5k25.4k shares |
| IMC-Chicago, LLC | Reduced | $35.7k19.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $178.6k95.5k shares |
| CITADEL ADVISORS LLC | Reduced | $104.5k55.9k shares |
| JANE STREET GROUP, LLC | Reduced | $22.3k11.9k shares |
| GROUP ONE TRADING LLC | Added | $20.9k11.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.7k3.6k 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 +1.2 pts · filed 2026-08-11 | 10.1% |
| Equinox Partners Investment Management LLC 13G · passive investor filed 2025-11-14 | 6.1% |
| BlackRock Portfolio Management LLC 13G · institution -2.2 pts · filed 2026-10-27 | 5.9% |
Fell to 5% or below in the last year: BANK OF AMERICA CORP /DE/ (1.7%, 2026-02-12)
Insider purchases and sales since 1 Apr 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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| DONALD SMITH & CO., INC. 0.87% of their portfolio | 26.3m $49.3m | Added +3.2m |
| AEGIS FINANCIAL CORP 4.17% of their portfolio | 14.1m $26.4m | Added +7.7m |
| Ruffer LLP 0.86% of their portfolio | 13.0m $24.2m | Reduced -230.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 11.9m $22.3m | Reduced -274.9k |
| Equinox Partners Investment Management LLC 8.22% of their portfolio | 9.4m $17.5m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 7.8m $14.5m | Added +628.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 6.3m $11.8m | Added +823.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 5.6m $10.5m | Reduced -1.3m |
| Pale Fire Capital SE 0.67% of their portfolio | 5.0m $9.4m | Added +1.0m |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 4.6m $8.6m | Reduced -223.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 4.4m $8.2m | Reduced -633.1k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 3.9m $7.3m | Reduced -712.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 3.5m $6.5m | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 3.4m $6.3m | Reduced -261.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 3.1m $5.7m | Reduced -1.5m |
| Man Group plc 0.01% of their portfolio | 2.2m $4.1m | Added +1.6m |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 2.0m $3.7m | Reduced -106.1k |
| Polunin Capital Partners Ltd 0.84% of their portfolio | 1.8m $3.4m | Reduced -13.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $3.1m | Reduced -2.1m |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 1.6m $2.9m | Added +381.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 1.4m $2.6m | Added +370.9k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.2m $2.3m | Added +1.0m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.2m $2.2m | Reduced -725.5k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 910.7k $1.7m | Reduced -1.3m |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 544.3k $1.0m | Added +11.9k |
| De Lisle Partners LLP 0.09% of their portfolio | 445.0k $834.5k | Unchanged |
| XTX Topco Ltd 0.01% of their portfolio | 438.9k $820.6k | Reduced -60.8k |
| TD Asset Management Inc 0.00% of their portfolio | 410.9k $767.5k | Added +22.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 391.1k $731.4k | Reduced -491.9k |
| UBS Group AG 0.00% of their portfolio | 367.5k $687.2k | Reduced -107.3k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 358.5k $670.5k | Added +51.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 350.4k $655.3k | Reduced -3.6m |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 349.9k $654.3k | Reduced -419.4k |
| Graham Capital Management, L.P. 0.02% of their portfolio | 327.3k $612.0k | Added +181.9k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 282.5k $748.6k | Added +23.9k |
| Engineers Gate Manager LP 0.01% of their portfolio | 260.0k $486.1k | Added +100.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 226.3k $423.1k | Reduced -52.6k |
| Quadrature Capital Ltd 0.00% of their portfolio | 217.2k $406.1k | Reduced -515.2k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 184.6k $345.2k | Added +113.1k |
| Centiva Capital, LP 0.01% of their portfolio | 180.7k $337.8k | Reduced -50.7k |
| Quantbot Technologies LP 0.01% of their portfolio | 178.9k $334.5k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 174.9k $327.0k | Reduced -597.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 157.6k $294.3k | Reduced -273.5k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 152.0k $277.7k | Reduced -122.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 119.7k $223.8k | Added +66.6k |
| STATE STREET CORP 0.00% of their portfolio | 118.0k $220.7k | Added +1.2k |
| Orvieto Partners, L.P. 0.14% of their portfolio | 100.0k $187.0k | Unchanged |
| Net Worth Advisory Group 0.05% of their portfolio | 96.0k $179.5k | Reduced -7.0k |
| HRT FINANCIAL LP 0.00% of their portfolio | 87.0k $162.0k | New |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 82.1k $153.2k | Reduced -89.2k |
| Ashton Thomas Private Wealth, LLC 0.00% of their portfolio | 78.4k $146.4k | Added +329 |
| Gotham Asset Management, LLC 0.00% of their portfolio | 76.8k $143.5k | Added +9.5k |
| Northwest & Ethical Investments L.P. 0.00% of their portfolio | 73.4k $137.0k | Added +43.5k |
| Aigen Investment Management, LP 0.04% of their portfolio | 70.4k $131.6k | New |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 65.1k $121.7k | Reduced -231.2k |
| SPROTT INC. 0.00% of their portfolio | 62.4k $116.6k | Unchanged |
| Virtu Financial LLC 0.00% of their portfolio | 49.3k $92.0k | Added +34.5k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 43.5k $80.3k | Added +6.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 40.1k $75.0k | Reduced -3.4k |
| New Vernon Capital Holdings II LLC 0.04% of their portfolio | 36.9k $68.9k | New |
| CITIGROUP INC 0.00% of their portfolio | 30.1k $56.2k | New |
| CoreCap Advisors, LLC 0.00% of their portfolio | 30.0k $56.1k | Unchanged |
| Dynamic Technology Lab Private Ltd 0.01% of their portfolio | 27.2k $51.0k | Reduced -193.3k |
| HighTower Advisors, LLC 0.00% of their portfolio | 25.0k $46.8k | Unchanged |
| TWO SIGMA SECURITIES, LLC 0.00% of their portfolio | 24.9k $46.5k | Added +9.8k |
| Blueshift Asset Management, LLC 0.01% of their portfolio | 22.2k $41.6k | New |
| IMC-Chicago, LLC 0.00% of their portfolio | 22.1k $41.2k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 20.8k $38.8k | Added +20.2k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 19.1k $35.7k | Added +8.1k |
| Mariner, LLC 0.00% of their portfolio | 18.2k $34.1k | Added +968 |
| Tacita Capital Inc 0.02% of their portfolio | 17.3k $32.2k | New |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 17.1k $32.8k | Added +1.1k |
| LPL Financial LLC 0.00% of their portfolio | 16.6k $31.1k | New |
| PROFUND ADVISORS LLC 0.00% of their portfolio | 16.6k $31.1k | Reduced -5.8k |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 14.8k $27.6k | Added +14.3k |
| Focus Partners Advisor Solutions, LLC 0.00% of their portfolio | 13.4k $25.0k | Unchanged |
| StoneX Group Inc. 0.00% of their portfolio | 12.0k $22.4k | Unchanged |
| Aquatic Capital Management LLC 0.00% of their portfolio | 11.6k $21.6k | Reduced -842.2k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 7.1k $13.3k | Added +4.4k |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 7.1k $13.3k | New |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 6.0k $11.2k | Added +1.0k |
| Allworth Financial LP 0.00% of their portfolio | 5.0k $9.3k | Reduced -600 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 2.2k $4.2k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 1.7k $3.2k | Reduced -329 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.5k $2.8k | Unchanged |
| Stone House Investment Management, LLC 0.00% of their portfolio | 675 $1.3k | Unchanged |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 417 $780 | Added +407 |
| BlackRock, Inc. 0.00% of their portfolio | 1 $2 | Unchanged |