Vault-13

KINROSS GOLD CORP KGC

COM · Common Stock · CUSIP 496902404 · ISIN CA4969024047

302 institutional holders +3 vs Q4 2022
651,210,318651.2m shares reported held*
53.3% of all shares outstanding*
$3.1bnreported value*
39 new 96 added 106 reduced 37 sold out net sold ≈ $184.4m (-40.3m shares)

* 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

0200400Q3 22: 305Q4 22: 299Q1 23: 302302Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022305
Q4 2022299
Q1 2023302

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 117 bought or addedQ4 22: 160 cut or sold outQ4 22Q1 23: 135 bought or addedQ1 23: 143 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022117160
Q1 2023135143

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ3 22 calls: $31.4mQ3 22 puts: $46.3mQ3 22P/C 1.48Q4 22 calls: $38.7mQ4 22 puts: $45.1mQ4 22P/C 1.17Q1 23 calls: $78.7mQ1 23 puts: $43.7mQ1 23P/C 0.55
Numbers
QuarterCallsPutsP/C
Q3 2022$31.4m$46.3m1.48
Q4 2022$38.7m$45.1m1.17
Q1 2023$78.7m$43.7m0.55

Biggest buyers

Ruffer LLP Added +19,001,072+19.0m
NORGES BANK Added +12,630,182+12.6m
VAN ECK ASSOCIATES CORP Added +7,285,051+7.3m
TWO SIGMA INVESTMENTS, LP Added +4,224,588+4.2m
Invenomic Capital Management LP Added +2,698,377+2.7m
Boston Partners Added +2,626,313+2.6m
MARSHALL WACE, LLP Added +2,575,878+2.6m
GABELLI FUNDS LLC Added +2,487,400+2.5m
Man Group plc New +2,480,218+2.5m
BlackRock Inc. Added +2,319,445+2.3m

Biggest sellers

BARCLAYS PLC Reduced -69,597,698-69.6m
MILLENNIUM MANAGEMENT LLC Reduced -12,358,401-12.4m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -10,339,300-10.3m
FMR LLC Reduced -7,950,020-8.0m
CREDIT SUISSE AG/ Reduced -3,493,485-3.5m
Deer Park Road Corp Sold out -2,750,000-2.8m
Man Group plc Sold out -1,745,981-1.7m
Connor, Clark & Lunn Investment Management Ltd. Reduced -1,661,551-1.7m
AustralianSuper Pty Ltd Sold out -1,591,126-1.6m
DEUTSCHE BANK AG\ Reduced -1,490,868-1.5m

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.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution +1.0 pts · filed 2026-01-21 6.5% +1.0 pts 79.0m≈ $1.9bn 2026-01-21

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VAN ECK ASSOCIATES CORP 1.57% of their portfolio NEW YORK, NY 146,172,105146.2m $688.5m $688.5m 1.57% Added +7.3m +7,285,051
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 44,367,03244.4m $209.0m $209.0m 0.01% Reduced -836.4k -836,379
3 Ruffer LLP 5.81% of their portfolio LONDON, X0 35,680,19635.7m $167.9m $167.9m 5.81% Added +19.0m +19,001,072
4 RENAISSANCE TECHNOLOGIES LLC 0.16% of their portfolio NEW YORK, NY 25,646,15825.6m $120.8m $120.8m 0.16% Reduced -1.4m -1,361,400
5 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 19,862,83719.9m $93.6m $93.6m 0.03% Added +645.8k +645,843
6 DONALD SMITH & CO., INC. 2.87% of their portfolio NEW YORK, NY 16,558,87816.6m $78.0m $78.0m 2.87% Reduced -200.4k -200,436
7 BANK OF NOVA SCOTIA 0.20% of their portfolio TORONTO, A6 14,653,67214.7m $69.0m $69.0m 0.20% Reduced -184.6k -184,613
8 NORGES BANK 0.01% of their portfolio OSLO, Q8 14,268,66114.3m $67.2m $67.2m 0.01% Added +12.6m +12,630,182
9 NFJ INVESTMENT GROUP, LLC 1.71% of their portfolio DALLAS, TX 13,529,06613.5m $63.7m $63.7m 1.71% Added +550.6k +550,610
10 ALTRINSIC GLOBAL ADVISORS LLC 2.39% of their portfolio Stamford, CT 13,146,15813.1m $61.8m $61.8m 2.39% Reduced -215.8k -215,795
11 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 12,481,94012.5m $58.8m $58.8m 0.03% Reduced -1.5m -1,490,868
12 1832 Asset Management L.P. 0.12% of their portfolio TORONTO, A6 12,304,64812.3m $58.0m $58.0m 0.12% Reduced -313.6k -313,600
13 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 10,398,82910.4m $49.0m $49.0m 0.01% Added +667.6k +667,647
14 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 10,229,91910.2m $48.2m $48.2m 0.01% Added +1.5m +1,490,558
15 NATIONAL BANK OF CANADA /FI/ 0.13% of their portfolio MONTREAL, A8 10,018,18210.0m $47.2m $47.2m 0.13% Added +332.4k +332,413
16 TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio NEW YORK, NY 9,436,0849.4m $44.4m $44.4m 0.13% Added +4.2m +4,224,588
17 MACKENZIE FINANCIAL CORP 0.07% of their portfolio TORONTO ONTARIO, A6 9,270,8379.3m $43.6m $43.6m 0.07% Reduced -486.1k -486,117
18 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 8,501,4438.5m $40.0m $40.0m 0.01% Added +120.8k +120,838
19 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 8,102,2818.1m $38.4m $38.4m 0.02% Reduced -153.7k -153,742
20 Legal & General Group Plc 0.01% of their portfolio London, X0 7,768,0457.8m $36.5m $36.5m 0.01% Added +45.8k +45,760
21 Boston Partners 0.06% of their portfolio BOSTON, MA 7,352,1977.4m $46.8m $46.8m 0.06% Added +2.6m +2,626,313
22 Amundi 0.02% of their portfolio Paris, I0 6,744,7656.7m $34.1m $34.1m 0.02% Reduced -403.4k -403,423
23 CIBC WORLD MARKET INC. 0.11% of their portfolio TORONTO, A6 6,426,1476.4m $30.2m $30.2m 0.11% Added +26.6k +26,613
24 Polunin Capital Partners Ltd 6.06% of their portfolio LONDON, X0 6,218,2286.2m $29.3m $29.3m 6.06% Reduced -101.1k -101,100
25 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 6,056,5996.1m $28.5m $28.5m 0.01% Added +1.2m +1,211,908
26 Connor, Clark & Lunn Investment Management Ltd. 0.14% of their portfolio VANCOUVER, A1 5,619,7035.6m $26.4m $26.4m 0.14% Reduced -1.7m -1,661,551
27 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 5,578,0975.6m $26.3m $26.3m 0.02% Added +321.8k +321,781
28 Invenomic Capital Management LP 1.44% of their portfolio BOSTON, MA 5,385,0795.4m $25.4m $25.4m 1.44% Added +2.7m +2,698,377
29 TORONTO DOMINION BANK 0.04% of their portfolio TORONTO, ONTARIO, A6 5,346,4485.3m $25.1m $25.1m 0.04% Reduced -7.9k -7,896
30 Cape Ann Asset Management Ltd 23.39% of their portfolio LONDON, X0 5,319,0635.3m $25.1m $25.1m 23.39% Added +11.6k +11,600
31 Swiss National Bank 0.02% of their portfolio ZURICH, V8 5,044,4185.0m $23.7m $23.7m 0.02% Reduced -437.6k -437,600
32 GABELLI FUNDS LLC 0.18% of their portfolio Rye, NY 4,946,8004.9m $23.3m $23.3m 0.18% Added +2.5m +2,487,400
33 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 4,584,3054.6m $21.6m $21.6m 0.03% Added +1.2m +1,184,842
34 First Eagle Investment Management, LLC 0.06% of their portfolio NEW YORK, NY 4,555,6194.6m $21.5m $21.5m 0.06% Added +30.5k +30,479
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,341,9394.3m $20.5m $20.5m 0.00% Reduced -303.6k -303,596
36 APG Asset Management N.V. 0.04% of their portfolio Amsterdam, P7 4,332,5244.3m $18.7m $18.7m 0.04% Added +1.5m +1,538,653
37 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 4,091,3654.1m $19.3m $19.3m 0.02% Reduced -12.4m -12,358,401
38 CREDIT SUISSE AG/ 0.02% of their portfolio ZURICH, V8 4,059,2454.1m $19.1m $19.1m 0.02% Reduced -3.5m -3,493,485
39 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 4,022,0424.0m $18.8m $18.8m 0.00% Reduced -6.9k -6,867
40 SEMPER AUGUSTUS INVESTMENTS GROUP LLC 4.84% of their portfolio Highlands Ranch, CO 4,010,6024.0m $18.9m $18.9m 4.84% Added +474.0k +474,041
41 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 3,991,5804.0m $18.8m $18.8m 0.01% Reduced -108.3k -108,306
42 TD Asset Management Inc 0.02% of their portfolio Toronto, A6 3,923,0593.9m $18.4m $18.4m 0.02% Added +16.2k +16,225
43 BlackRock Inc. 0.00% of their portfolio New York, NY 3,780,1583.8m $17.8m $17.8m 0.00% Added +2.3m +2,319,445
44 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 3,461,8903.5m $16.3m $16.3m 0.01% Reduced -33.0k -32,966
45 Pine Valley Investments Ltd Liability Co 2.70% of their portfolio MARLTON, NJ 3,323,6433.3m $17.7m $17.7m 2.70% First filing
46 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 3,312,1293.3m $15.6m $15.6m 0.02% Reduced -629.1k -629,080
47 Quaker Capital Investments, LLC 5.93% of their portfolio MOUNT LEBANON, PA 3,160,2163.2m $14.9m $14.9m 5.93% Unchanged
48 TWO SIGMA ADVISERS, LP 0.04% of their portfolio NEW YORK, NY 2,997,0013.0m $14.1m $14.1m 0.04% Added +1.3m +1,254,001
49 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 2,759,1622.8m $13.0m $13.0m 0.00% Added +515.7k +515,692
50 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 2,594,8802.6m $12.2m $12.2m 0.03% Added +2.6m +2,575,878
51 Man Group plc 0.04% of their portfolio LONDON, X0 2,480,2182.5m $11.7m $11.7m 0.04% New
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 2,393,4912.4m $11.3m $11.3m 0.00% Added +61.8k +61,844
53 Allianz Asset Management GmbH 0.02% of their portfolio MUNICH, 2M 2,349,6772.3m $11.0m $11.0m 0.02% Reduced -766.6k -766,645
54 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,224,9792.2m $10.5m $10.5m 0.00% Reduced -119.6k -119,618
55 PointState Capital LP 0.58% of their portfolio New York, NY 2,200,2212.2m $10.4m $10.4m 0.58% New
56 Marex Group Ltd 1.23% of their portfolio London, X0 1,967,2282.0m $9.3m $9.3m 1.23% Added +1.1m +1,072,159
57 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 1,961,8122.0m $9.2m $9.2m 0.01% Added +390.3k +390,257
58 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 1,915,3181.9m $9.0m $9.0m 0.01% Added +1.9m +1,900,588
59 Alberta Investment Management Corp 0.08% of their portfolio EDMONTON, A0 1,854,0001.9m $8.7m $8.7m 0.08% Reduced -669.3k -669,300
60 AVIVA PLC 0.04% of their portfolio LONDON, X0 1,744,4041.7m $8.2m $8.2m 0.04% Added +1.3m +1,326,052
61 NewGen Asset Management Ltd 3.88% of their portfolio TORONTO, A6 1,700,0001.7m $8.0m $8.0m 3.88% New
62 Euro Pacific Asset Management, LLC 1.69% of their portfolio DORADO, PR 1,667,8841.7m $7.9m $7.9m 1.69% Added +8.6k +8,607
63 CIBC Asset Management Inc 0.03% of their portfolio TORONTO, Z4 1,587,7341.6m $7.5m $7.5m 0.03% Reduced -67.8k -67,837
64 Contrarius Investment Management Ltd 0.39% of their portfolio St. Helier, Y9 1,567,8541.6m $7.4m $7.4m 0.39% New
65 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 1,428,7771.4m $6.7m $6.7m 0.01% Reduced -1.0m -1,025,544
66 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 1,421,1561.4m $6.7m $6.7m 0.01% Unchanged
67 Boothe Investment Group, Inc. 3.43% of their portfolio DOVER, DE 1,367,8441.4m $6.4m $6.4m 3.43% Reduced -8.3k -8,325
68 STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio LYSAKER, Q8 1,261,4971.3m $5.9m $5.9m 0.03% New
69 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 1,153,0001.2m $5.4m $5.4m 0.01% Reduced -445.8k -445,831
70 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 1,119,9761.1m $5.3m $5.3m 0.01% Added +61.5k +61,532
71 SPROTT INC. 0.43% of their portfolio TORONTO, A6 1,080,5791.1m $5.1m $5.1m 0.43% Reduced -668.4k -668,434
72 Jump Financial, LLC 0.20% of their portfolio Chicago, IL 1,021,8751.0m $4.8m $4.8m 0.20% Added +990.8k +990,790
73 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 980,261980.3k $4.6m $4.6m 0.04% Added +268.5k +268,467
74 UBS Group AG 0.00% of their portfolio ZURICH, V8 950,640950.6k $4.5m $4.5m 0.00% Reduced -631.0k -631,019
75 PKO Investment Management Joint-Stock Co 0.58% of their portfolio WARSAW, R9 930,006930.0k $4.4m $4.4m 0.58% Added +121.0k +121,000
76 CoreCommodity Management, LLC 1.24% of their portfolio STAMFORD, CT 917,954918.0k $4.3m $4.3m 1.24% Reduced -383.3k -383,298
77 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 909,842909.8k $4.3m $4.3m 0.01% Added +38.5k +38,509
78 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 909,453909.5k $3.9m $3.9m 0.01% Reduced -131.9k -131,949
79 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 879,993880.0k $4.1m $4.1m 0.01% Added +839.0k +839,035
80 Quadrature Capital Ltd 0.11% of their portfolio LONDON, X0 829,800829.8k $3.9m $3.9m 0.11% New
81 PICTET ASSET MANAGEMENT SA 0.00% of their portfolio GENEVA 73, V8 794,234794.2k $3.7m $3.7m 0.00% Added +257.7k +257,701
82 Empyrean Capital Partners, LP 0.15% of their portfolio LOS ANGELES, CA 787,402787.4k $3.7m $3.7m 0.15% Unchanged
83 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 770,988771.0k $3.6m $3.6m 0.00% Reduced -648.6k -648,635
84 SG Americas Securities, LLC 0.05% of their portfolio NEW YORK, NY 770,464770.5k $3.6m $3.6m 0.05% Reduced -145.9k -145,868
85 NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio STOCKHOLM, V7 761,199761.2k $3.6m $3.6m 0.01% New
86 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 758,701758.7k $3.6m $3.6m 0.00% Reduced -69.6m -69,597,698
87 Vontobel Holding Ltd. 0.03% of their portfolio ZURICH, V8 721,000721.0k $3.4m $3.4m 0.03% Unchanged
88 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 683,375683.4k $3.2m $3.2m 0.00% Reduced -29.4k -29,366
89 Te Ahumairangi Investment Management Ltd 0.44% of their portfolio WELLINGTON, Q2 651,600651.6k $3.1m $3.1m 0.44% Added +43.4k +43,400
90 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 607,695607.7k $2.9m $2.9m 0.00% Added +383.5k +383,480
91 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 589,392589.4k $2.8m $2.8m 0.00% Reduced -65.8k -65,843
92 GAMCO INVESTORS, INC. ET AL 0.03% of their portfolio GREENWICH, CT 586,165586.2k $2.8m $2.8m 0.03% Added +24.2k +24,200
93 Graham Capital Management, L.P. 0.10% of their portfolio ROWAYTON, CT 584,849584.8k $2.8m $2.8m 0.10% New
94 Pale Fire Capital SE 1.58% of their portfolio Prague, 2N 580,000580.0k $2.7m $2.7m 1.58% Unchanged
95 PDT Partners, LLC 0.37% of their portfolio New York, NY 577,370577.4k $2.7m $2.7m 0.37% Unchanged
96 Ergoteles LLC 0.11% of their portfolio NEW YORK, NY 575,000575.0k $2.7m $2.7m 0.11% New
97 Erste Asset Management GmbH 0.05% of their portfolio VIENNA, C4 560,738560.7k $2.7m $2.7m 0.05% Reduced -56.0k -56,000
98 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 557,174557.2k $2.6m $2.6m 0.01% Reduced -30.3k -30,270
99 ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio Boston, MA 516,000516.0k $2.4m $2.4m 0.01% New
100 U S GLOBAL INVESTORS INC 0.15% of their portfolio SAN ANTONIO, TX 500,000500.0k $2.4m $2.4m 0.15% New