KINROSS GOLD CORP KGC
COM · Common Stock · CUSIP 496902404 · ISIN CA4969024047
- SectorMaterials
- IndustryGold and Silver Ores
- HeadquartersToronto, Canada
- Founded1993
- Websitekinross.com
- 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 ($511.4k this quarter). Holder counts are more reliable. Shares outstanding: 1.2bn as of 2022-12-31, 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 ≈ $4.75. Options: 23 managers hold calls ($78.7m notional), 17 hold puts ($43.7m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 305 |
| Q4 2022 | 299 |
| Q1 2023 | 302 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 117 | 160 |
| Q1 2023 | 135 | 143 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $31.4m | $46.3m | 1.48 |
| Q4 2022 | $38.7m | $45.1m | 1.17 |
| Q1 2023 | $78.7m | $43.7m | 0.55 |
Biggest buyers
| Ruffer LLP | Added | +19.0m |
| NORGES BANK | Added | +12.6m |
| VAN ECK ASSOCIATES CORP | Added | +7.3m |
| TWO SIGMA INVESTMENTS, LP | Added | +4.2m |
| Invenomic Capital Management LP | Added | +2.7m |
| Boston Partners | Added | +2.6m |
| MARSHALL WACE, LLP | Added | +2.6m |
| GABELLI FUNDS LLC | Added | +2.5m |
| Man Group plc | New | +2.5m |
| BlackRock Inc. | Added | +2.3m |
Biggest sellers
| BARCLAYS PLC | Reduced | -69.6m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -12.4m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -10.3m |
| FMR LLC | Reduced | -8.0m |
| CREDIT SUISSE AG/ | Reduced | -3.5m |
| Deer Park Road Corp | Sold out | -2.8m |
| Man Group plc | Sold out | -1.7m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -1.7m |
| AustralianSuper Pty Ltd | Sold out | -1.6m |
| DEUTSCHE BANK AG\ | Reduced | -1.5m |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | New | $42.2m9.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.2m2.8m shares |
| CITADEL ADVISORS LLC | Added | $4.6m978.8k shares |
| Caption Management, LLC | Added | $4.2m900.0k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $2.8m604.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.9m535.5k shares |
| WELLS FARGO & COMPANY/MN | Added | $1.8m380.0k shares |
| SIG North Trading, ULC | Added | $1.8m378.2k shares |
| Jefferies Financial Group Inc. | New | $1.1m239.2k shares |
| PEAK6 Investments LLC | Reduced | $886.9k188.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $19.4m4.1m shares |
| CITADEL ADVISORS LLC | Added | $8.2m1.7m shares |
| SIMPLEX TRADING, LLC | Reduced | $3.9m838.2k shares |
| GROUP ONE TRADING LLC | Reduced | $3.5m745.2k shares |
| Parallax Volatility Advisers, L.P. | Added | $3.1m654.4k shares |
| Jefferies Financial Group Inc. | Added | $1.2m250.0k shares |
| K2 PRINCIPAL FUND, L.P. | New | $942.0k200.0k shares |
| IMC-Chicago, LLC | Added | $864.8k183.6k shares |
| JANE STREET GROUP, LLC | Reduced | $792.2k168.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $570.0k120.0k 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 |
|---|---|
| BlackRock, Inc. 13G · institution +1.0 pts · filed 2026-01-21 | 6.5% |
Fell to 5% or below in the last year: BlackRock Portfolio Management LLC (4.9%, 2026-01-21; now reported by BlackRock, Inc.)
Insider purchases and sales in Q1 2023
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 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 1.57% of their portfolio | 146.2m $688.5m | Added +7.3m |
| VANGUARD GROUP INC 0.01% of their portfolio | 44.4m $209.0m | Reduced -836.4k |
| Ruffer LLP 5.81% of their portfolio | 35.7m $167.9m | Added +19.0m |
| RENAISSANCE TECHNOLOGIES LLC 0.16% of their portfolio | 25.6m $120.8m | Reduced -1.4m |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 19.9m $93.6m | Added +645.8k |
| DONALD SMITH & CO., INC. 2.87% of their portfolio | 16.6m $78.0m | Reduced -200.4k |
| BANK OF NOVA SCOTIA 0.20% of their portfolio | 14.7m $69.0m | Reduced -184.6k |
| NORGES BANK 0.01% of their portfolio | 14.3m $67.2m | Added +12.6m |
| NFJ INVESTMENT GROUP, LLC 1.71% of their portfolio | 13.5m $63.7m | Added +550.6k |
| ALTRINSIC GLOBAL ADVISORS LLC 2.39% of their portfolio | 13.1m $61.8m | Reduced -215.8k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 12.5m $58.8m | Reduced -1.5m |
| 1832 Asset Management L.P. 0.12% of their portfolio | 12.3m $58.0m | Reduced -313.6k |
| MORGAN STANLEY 0.01% of their portfolio | 10.4m $49.0m | Added +667.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 10.2m $48.2m | Added +1.5m |
| NATIONAL BANK OF CANADA /FI/ 0.13% of their portfolio | 10.0m $47.2m | Added +332.4k |
| TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio | 9.4m $44.4m | Added +4.2m |
| MACKENZIE FINANCIAL CORP 0.07% of their portfolio | 9.3m $43.6m | Reduced -486.1k |
| Invesco Ltd. 0.01% of their portfolio | 8.5m $40.0m | Added +120.8k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 8.1m $38.4m | Reduced -153.7k |
| Legal & General Group Plc 0.01% of their portfolio | 7.8m $36.5m | Added +45.8k |
| Boston Partners 0.06% of their portfolio | 7.4m $46.8m | Added +2.6m |
| Amundi 0.02% of their portfolio | 6.7m $34.1m | Reduced -403.4k |
| CIBC WORLD MARKET INC. 0.11% of their portfolio | 6.4m $30.2m | Added +26.6k |
| Polunin Capital Partners Ltd 6.06% of their portfolio | 6.2m $29.3m | Reduced -101.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 6.1m $28.5m | Added +1.2m |
| Connor, Clark & Lunn Investment Management Ltd. 0.14% of their portfolio | 5.6m $26.4m | Reduced -1.7m |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 5.6m $26.3m | Added +321.8k |
| Invenomic Capital Management LP 1.44% of their portfolio | 5.4m $25.4m | Added +2.7m |
| TORONTO DOMINION BANK 0.04% of their portfolio | 5.3m $25.1m | Reduced -7.9k |
| Cape Ann Asset Management Ltd 23.39% of their portfolio | 5.3m $25.1m | Added +11.6k |
| Swiss National Bank 0.02% of their portfolio | 5.0m $23.7m | Reduced -437.6k |
| GABELLI FUNDS LLC 0.18% of their portfolio | 4.9m $23.3m | Added +2.5m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 4.6m $21.6m | Added +1.2m |
| First Eagle Investment Management, LLC 0.06% of their portfolio | 4.6m $21.5m | Added +30.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.3m $20.5m | Reduced -303.6k |
| APG Asset Management N.V. 0.04% of their portfolio | 4.3m $18.7m | Added +1.5m |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 4.1m $19.3m | Reduced -12.4m |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 4.1m $19.1m | Reduced -3.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.0m $18.8m | Reduced -6.9k |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 4.84% of their portfolio | 4.0m $18.9m | Added +474.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 4.0m $18.8m | Reduced -108.3k |
| TD Asset Management Inc 0.02% of their portfolio | 3.9m $18.4m | Added +16.2k |
| BlackRock Inc. 0.00% of their portfolio | 3.8m $17.8m | Added +2.3m |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 3.5m $16.3m | Reduced -33.0k |
| Pine Valley Investments Ltd Liability Co 2.70% of their portfolio | 3.3m $17.7m | First filing |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 3.3m $15.6m | Reduced -629.1k |
| Quaker Capital Investments, LLC 5.93% of their portfolio | 3.2m $14.9m | Unchanged |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 3.0m $14.1m | Added +1.3m |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 2.8m $13.0m | Added +515.7k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 2.6m $12.2m | Added +2.6m |
| Man Group plc 0.04% of their portfolio | 2.5m $11.7m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 2.4m $11.3m | Added +61.8k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 2.3m $11.0m | Reduced -766.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 2.2m $10.5m | Reduced -119.6k |
| PointState Capital LP 0.58% of their portfolio | 2.2m $10.4m | New |
| Marex Group Ltd 1.23% of their portfolio | 2.0m $9.3m | Added +1.1m |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 2.0m $9.2m | Added +390.3k |
| Creative Planning 0.01% of their portfolio | 1.9m $9.0m | Added +1.9m |
| Alberta Investment Management Corp 0.08% of their portfolio | 1.9m $8.7m | Reduced -669.3k |
| AVIVA PLC 0.04% of their portfolio | 1.7m $8.2m | Added +1.3m |
| NewGen Asset Management Ltd 3.88% of their portfolio | 1.7m $8.0m | New |
| Euro Pacific Asset Management, LLC 1.69% of their portfolio | 1.7m $7.9m | Added +8.6k |
| CIBC Asset Management Inc 0.03% of their portfolio | 1.6m $7.5m | Reduced -67.8k |
| Contrarius Investment Management Ltd 0.39% of their portfolio | 1.6m $7.4m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 1.4m $6.7m | Reduced -1.0m |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 1.4m $6.7m | Unchanged |
| Boothe Investment Group, Inc. 3.43% of their portfolio | 1.4m $6.4m | Reduced -8.3k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 1.3m $5.9m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 1.2m $5.4m | Reduced -445.8k |
| CITIGROUP INC 0.01% of their portfolio | 1.1m $5.3m | Added +61.5k |
| SPROTT INC. 0.43% of their portfolio | 1.1m $5.1m | Reduced -668.4k |
| Jump Financial, LLC 0.20% of their portfolio | 1.0m $4.8m | Added +990.8k |
| GUGGENHEIM CAPITAL LLC 0.04% of their portfolio | 980.3k $4.6m | Added +268.5k |
| UBS Group AG 0.00% of their portfolio | 950.6k $4.5m | Reduced -631.0k |
| PKO Investment Management Joint-Stock Co 0.58% of their portfolio | 930.0k $4.4m | Added +121.0k |
| CoreCommodity Management, LLC 1.24% of their portfolio | 918.0k $4.3m | Reduced -383.3k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 909.8k $4.3m | Added +38.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 909.5k $3.9m | Reduced -131.9k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 880.0k $4.1m | Added +839.0k |
| Quadrature Capital Ltd 0.11% of their portfolio | 829.8k $3.9m | New |
| PICTET ASSET MANAGEMENT SA 0.00% of their portfolio | 794.2k $3.7m | Added +257.7k |
| Empyrean Capital Partners, LP 0.15% of their portfolio | 787.4k $3.7m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 771.0k $3.6m | Reduced -648.6k |
| SG Americas Securities, LLC 0.05% of their portfolio | 770.5k $3.6m | Reduced -145.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 761.2k $3.6m | New |
| BARCLAYS PLC 0.00% of their portfolio | 758.7k $3.6m | Reduced -69.6m |
| Vontobel Holding Ltd. 0.03% of their portfolio | 721.0k $3.4m | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 683.4k $3.2m | Reduced -29.4k |
| Te Ahumairangi Investment Management Ltd 0.44% of their portfolio | 651.6k $3.1m | Added +43.4k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 607.7k $2.9m | Added +383.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 589.4k $2.8m | Reduced -65.8k |
| GAMCO INVESTORS, INC. ET AL 0.03% of their portfolio | 586.2k $2.8m | Added +24.2k |
| Graham Capital Management, L.P. 0.10% of their portfolio | 584.8k $2.8m | New |
| Pale Fire Capital SE 1.58% of their portfolio | 580.0k $2.7m | Unchanged |
| PDT Partners, LLC 0.37% of their portfolio | 577.4k $2.7m | Unchanged |
| Ergoteles LLC 0.11% of their portfolio | 575.0k $2.7m | New |
| Erste Asset Management GmbH 0.05% of their portfolio | 560.7k $2.7m | Reduced -56.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 557.2k $2.6m | Reduced -30.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 516.0k $2.4m | New |
| U S GLOBAL INVESTORS INC 0.15% of their portfolio | 500.0k $2.4m | New |