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 ($2.3m this quarter). Holder counts are more reliable. Shares outstanding: 1.2bn as of 2023-12-31, 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 ≈ $4.61. Options: 23 managers hold calls ($58.5m notional), 20 hold puts ($43.6m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 305 |
| Q4 2022 | 299 |
| Q1 2023 | 302 |
| Q2 2023 | 318 |
| Q3 2023 | 328 |
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 |
| Q2 2023 | 145 | 139 |
| Q3 2023 | 137 | 143 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $38.7m | $45.1m | 1.17 |
| Q1 2023 | $78.7m | $43.7m | 0.55 |
| Q2 2023 | $74.7m | $52.4m | 0.70 |
| Q3 2023 | $58.5m | $43.6m | 0.75 |
Biggest buyers
| Balyasny Asset Management L.P. | New | +6.6m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +6.6m |
| Boston Partners | Added | +5.8m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +3.3m |
| Triasima Portfolio Management inc. | New | +2.3m |
| Genus Capital Management Inc. | New | +1.9m |
| AMERICAN CENTURY COMPANIES INC | Added | +1.6m |
| ROYAL BANK OF CANADA | Added | +1.5m |
| Boothe Investment Group, Inc. | Added | +1.5m |
| CITADEL ADVISORS LLC | Added | +1.3m |
Biggest sellers
| VAN ECK ASSOCIATES CORP | Reduced | -7.7m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -7.0m |
| MORGAN STANLEY | Reduced | -4.6m |
| APG Asset Management N.V. | Reduced | -3.1m |
| TWO SIGMA ADVISERS, LP | Reduced | -3.1m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -2.6m |
| DEUTSCHE BANK AG\ | Reduced | -2.3m |
| Ruffer LLP | Reduced | -2.3m |
| NATIXIS | Reduced | -1.7m |
| Quaker Capital Investments, LLC | Reduced | -1.4m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $21.3m4.7m shares |
| Parallax Volatility Advisers, L.P. | Added | $14.5m3.2m shares |
| SIG North Trading, ULC | Added | $3.9m858.5k shares |
| GROUP ONE TRADING LLC | Added | $3.8m833.3k shares |
| ROYAL BANK OF CANADA | Reduced | $3.4m738.6k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $3.2m619.4k shares |
| CITADEL ADVISORS LLC | Reduced | $1.9m426.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.9m424.2k shares |
| K2 PRINCIPAL FUND, L.P. | New | $912.0k200.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $795.3k174.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.9m2.6m shares |
| Parallax Volatility Advisers, L.P. | Added | $9.6m2.1m shares |
| CITADEL ADVISORS LLC | Reduced | $5.2m1.1m shares |
| SIMPLEX TRADING, LLC | Reduced | $3.7m808.1k shares |
| GROUP ONE TRADING LLC | Added | $3.5m763.1k shares |
| JANE STREET GROUP, LLC | Reduced | $3.1m673.9k shares |
| ROYAL BANK OF CANADA | Added | $2.1m460.0k shares |
| GTS SECURITIES LLC | New | $1.1m240.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $704.1k154.4k shares |
| Jefferies Financial Group Inc. | Reduced | $684.0k150.0k 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 Q3 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 Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 1.43% of their portfolio | 143.0m $652.0m | Reduced -7.7m |
| VANGUARD GROUP INC 0.00% of their portfolio | 44.4m $202.5m | Added +463.0k |
| NORGES BANK 0.04% of their portfolio | 43.3m $197.5m | Added +1.3m |
| RENAISSANCE TECHNOLOGIES LLC 0.22% of their portfolio | 28.2m $128.4m | Added +3.3m |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 25.8m $117.8m | Added +1.5m |
| Ruffer LLP 4.86% of their portfolio | 19.1m $87.7m | Reduced -2.3m |
| BANK OF NOVA SCOTIA 0.18% of their portfolio | 14.9m $67.7m | Reduced -39.3k |
| DONALD SMITH & CO., INC. 2.26% of their portfolio | 14.4m $65.7m | Added +28.3k |
| ALTRINSIC GLOBAL ADVISORS LLC 2.20% of their portfolio | 12.4m $56.9m | Reduced -486.3k |
| Boston Partners 0.10% of their portfolio | 11.7m $72.6m | Added +5.8m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 11.5m $52.5m | Added +591.3k |
| TORONTO DOMINION BANK 0.04% of their portfolio | 10.4m $47.6m | Reduced -124.6k |
| NATIONAL BANK OF CANADA /FI/ 0.07% of their portfolio | 9.4m $40.8m | Reduced -572.1k |
| MACKENZIE FINANCIAL CORP 0.07% of their portfolio | 9.4m $41.5m | Reduced -858.9k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 9.3m $47.9m | Reduced -156.7k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.06% of their portfolio | 9.1m $41.4m | Added +6.6m |
| TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio | 8.8m $40.3m | Reduced -7.0m |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 8.8m $40.3m | Reduced -2.3m |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 8.0m $36.7m | Added +1.6m |
| Legal & General Group Plc 0.01% of their portfolio | 7.9m $36.3m | Added +10.8k |
| Invesco Ltd. 0.01% of their portfolio | 7.9m $36.1m | Reduced -140.8k |
| 1832 Asset Management L.P. 0.07% of their portfolio | 7.6m $34.8m | Reduced -1.0k |
| MORGAN STANLEY 0.00% of their portfolio | 7.3m $33.1m | Reduced -4.6m |
| CIBC WORLD MARKET INC. 0.11% of their portfolio | 6.8m $31.1m | Reduced -70.6k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 6.6m $30.2m | New |
| Amundi 0.02% of their portfolio | 6.6m $33.9m | Reduced -231.6k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 6.6m $30.1m | Added +1.3m |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 6.1m $27.8m | Reduced -3.1m |
| Polunin Capital Partners Ltd 6.20% of their portfolio | 6.0m $27.6m | Reduced -159.2k |
| Invenomic Capital Management LP 1.06% of their portfolio | 5.6m $25.3m | Added +191.8k |
| Cape Ann Asset Management Ltd 22.10% of their portfolio | 5.1m $23.2m | Reduced -11.6k |
| GABELLI FUNDS LLC 0.18% of their portfolio | 5.0m $22.6m | Added +622.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.5m $20.6m | Reduced -613.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.2m $19.2m | Added +16.7k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 4.2m $19.3m | Reduced -116.4k |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 4.58% of their portfolio | 4.2m $19.1m | Added +15.2k |
| Swiss National Bank 0.01% of their portfolio | 4.1m $18.9m | Reduced -614.0k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 4.0m $18.3m | Added +734.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 4.0m $18.2m | Added +1.1m |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 3.9m $17.9m | Added +985.9k |
| TD Asset Management Inc 0.02% of their portfolio | 3.9m $17.8m | Reduced -121.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 3.9m $17.7m | Reduced -120.2k |
| BlackRock Inc. 0.00% of their portfolio | 3.5m $16.1m | Reduced -26.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 3.2m $14.6m | Added +405.3k |
| Boothe Investment Group, Inc. 3.37% of their portfolio | 2.9m $13.3m | Added +1.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 2.9m $13.2m | Added +612.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 2.7m $12.4m | Reduced -128.4k |
| APG Asset Management N.V. 0.03% of their portfolio | 2.6m $15.9m | Reduced -3.1m |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 2.6m $11.6m | Added +1.0m |
| Hillsdale Investment Management Inc. 0.97% of their portfolio | 2.3m $10.6m | Added +742.1k |
| Triasima Portfolio Management inc. 0.98% of their portfolio | 2.3m $10.6m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.06% of their portfolio | 2.3m $10.5m | Reduced -939.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 2.3m $10.3m | Reduced -1.4m |
| Pine Valley Investments Ltd Liability Co 0.95% of their portfolio | 2.2m $9.9m | Reduced -982.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 2.1m $9.6m | Reduced -56.8k |
| Genus Capital Management Inc. 1.36% of their portfolio | 1.9m $8.6m | New |
| SPROTT INC. 0.98% of their portfolio | 1.9m $10.9m | Added +676.8k |
| Euro Pacific Asset Management, LLC 1.87% of their portfolio | 1.7m $8.0m | Added +125.3k |
| Quaker Capital Investments, LLC 3.02% of their portfolio | 1.7m $7.8m | Reduced -1.4m |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 1.6m $7.4m | Reduced -277.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 1.6m $7.4m | Added +192.8k |
| CIBC Asset Management Inc 0.03% of their portfolio | 1.6m $7.2m | Added +4.7k |
| AVIVA PLC 0.03% of their portfolio | 1.4m $6.4m | Added +1.2m |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.3m $6.0m | Reduced -311.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $5.7m | Added +460.9k |
| Jump Financial, LLC 0.21% of their portfolio | 1.2m $5.6m | Added +1.0m |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 1.2m $5.3m | Added +977.0k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 1.1m $5.1m | Unchanged |
| Cubist Systematic Strategies, LLC 0.06% of their portfolio | 1.1m $4.9m | Added +204.0k |
| SG Americas Securities, LLC 0.06% of their portfolio | 974.6k $4.4m | Reduced -273.3k |
| Power Corp of Canada 0.26% of their portfolio | 908.8k $4.1m | Unchanged |
| Alberta Investment Management Corp 0.04% of their portfolio | 907.3k $4.2m | Reduced -500.0k |
| PKO Investment Management Joint-Stock Co 0.56% of their portfolio | 893.0k $4.1m | Reduced -45.0k |
| Engineers Gate Manager LP 0.15% of their portfolio | 869.2k $4.0m | Reduced -7.8k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 866.1k $3.9m | Reduced -32.4k |
| CoreCommodity Management, LLC 1.25% of their portfolio | 820.3k $3.7m | Added +799.8k |
| Maryland State Retirement & Pension System 0.08% of their portfolio | 794.0k $3.6m | Added +18.3k |
| Empyrean Capital Partners, LP 0.22% of their portfolio | 787.4k $3.6m | Unchanged |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 767.1k $3.6m | Added +549.7k |
| UBS Group AG 0.00% of their portfolio | 750.9k $3.4m | Reduced -67.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 741.0k $3.4m | Added +653.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 728.9k $3.3m | Reduced -1.0m |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 727.5k $3.3m | Added +427.8k |
| Vontobel Holding Ltd. 0.03% of their portfolio | 722.0k $3.3m | Unchanged |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 711.6k $3.3m | Unchanged |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 709.7k $3.2m | Added +8.4k |
| Marex Group Ltd 0.43% of their portfolio | 662.6k $3.0m | Reduced -1.1m |
| GUGGENHEIM CAPITAL LLC 0.03% of their portfolio | 644.3k $2.9m | Reduced -255.4k |
| CANTOR FITZGERALD, L. P. 0.08% of their portfolio | 644.0k $2.9m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 630.9k $2.9m | Reduced -2.6m |
| HRT FINANCIAL LP 0.03% of their portfolio | 622.8k $2.8m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 600.5k $2.7m | Added +9.5k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.06% of their portfolio | 600.0k $2.8m | Added +220.0k |
| Te Ahumairangi Investment Management Ltd 0.44% of their portfolio | 588.4k $2.7m | Reduced -94.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 583.9k $2.7m | Added +23.2k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 582.6k $2.7m | First filing |
| Pale Fire Capital SE 0.27% of their portfolio | 580.0k $2.6m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 555.5k $2.5m | Added +503.8k |
| GAMCO INVESTORS, INC. ET AL 0.03% of their portfolio | 541.8k $2.5m | Reduced -44.4k |
| BARCLAYS PLC 0.00% of their portfolio | 530.6k $2.4m | Reduced -30.9k |