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 ($20.0m 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 ≈ $6.10. Options: 22 managers hold calls ($84.1m notional), 22 hold puts ($71.1m).
Trends to Q4 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 |
| Q4 2023 | 357 |
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 |
| Q4 2023 | 165 | 149 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $78.7m | $43.7m | 0.55 |
| Q2 2023 | $74.7m | $52.4m | 0.70 |
| Q3 2023 | $58.5m | $43.6m | 0.75 |
| Q4 2023 | $84.1m | $71.1m | 0.85 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +19.6m |
| MORGAN STANLEY | Added | +9.8m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +9.2m |
| Boston Partners | Added | +5.2m |
| BANK OF MONTREAL /CAN/ | Added | +5.0m |
| CIBC Asset Management Inc | Added | +2.9m |
| Triasima Portfolio Management inc. | Added | +2.6m |
| Qube Research & Technologies Ltd | Added | +2.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.2m |
| Point72 Asset Management, L.P. | Added | +2.2m |
Biggest sellers
| TWO SIGMA INVESTMENTS, LP | Reduced | -6.4m |
| TORONTO DOMINION BANK | Reduced | -5.2m |
| VAN ECK ASSOCIATES CORP | Reduced | -5.1m |
| ALTRINSIC GLOBAL ADVISORS LLC | Reduced | -4.7m |
| TWO SIGMA ADVISERS, LP | Reduced | -4.3m |
| DEUTSCHE BANK AG\ | Reduced | -3.5m |
| CITADEL ADVISORS LLC | Reduced | -2.6m |
| Invenomic Capital Management LP | Reduced | -2.4m |
| Genus Capital Management Inc. | Sold out | -1.9m |
| DONALD SMITH & CO., INC. | Reduced | -1.8m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $29.7m4.9m shares |
| Parallax Volatility Advisers, L.P. | Added | $21.8m3.6m shares |
| JANE STREET GROUP, LLC | Added | $6.6m1.1m shares |
| GROUP ONE TRADING LLC | Added | $5.3m870.1k shares |
| ROYAL BANK OF CANADA | Unchanged | $4.5m738.6k shares |
| K2 PRINCIPAL FUND, L.P. | Added | $4.4m725.0k shares |
| SIMPLEX TRADING, LLC | Added | $2.9m473.1k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $1.7m276.3k shares |
| CITADEL ADVISORS LLC | Reduced | $1.4m233.4k shares |
| Walleye Capital LLC | Added | $1.2m200.3k shares |
Biggest puts
| Parallax Volatility Advisers, L.P. | Added | $20.5m3.4m shares |
| Genus Capital Management Inc. | New | $14.8m2.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.0m1.5m shares |
| GROUP ONE TRADING LLC | Added | $4.8m787.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.2m699.2k shares |
| JANE STREET GROUP, LLC | Added | $4.1m675.1k shares |
| CITADEL ADVISORS LLC | Reduced | $4.1m669.8k shares |
| ROYAL BANK OF CANADA | Unchanged | $2.8m460.0k shares |
| BANK OF MONTREAL /CAN/ | Added | $1.4m218.2k shares |
| GTS SECURITIES LLC | Reduced | $1.3m208.9k 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 Q4 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 Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 1.52% of their portfolio | 137.9m $834.1m | Reduced -5.1m |
| VANGUARD GROUP INC 0.01% of their portfolio | 44.9m $271.8m | Added +528.1k |
| NORGES BANK 0.05% of their portfolio | 43.8m $265.3m | Added +508.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 31.1m $188.4m | Added +19.6m |
| RENAISSANCE TECHNOLOGIES LLC 0.28% of their portfolio | 29.4m $178.0m | Added +1.3m |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 25.0m $151.1m | Reduced -859.5k |
| Ruffer LLP 4.49% of their portfolio | 20.0m $120.9m | Added +877.1k |
| MORGAN STANLEY 0.00% of their portfolio | 17.1m $103.2m | Added +9.8m |
| Boston Partners 0.18% of their portfolio | 16.9m $135.5m | Added +5.2m |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 14.3m $88.8m | Added +5.0m |
| BANK OF NOVA SCOTIA 0.15% of their portfolio | 13.1m $79.1m | Reduced -1.8m |
| DONALD SMITH & CO., INC. 1.95% of their portfolio | 12.6m $76.1m | Reduced -1.8m |
| MACKENZIE FINANCIAL CORP 0.10% of their portfolio | 10.6m $64.2m | Added +1.2m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.08% of their portfolio | 10.0m $60.7m | Added +962.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 9.3m $56.5m | Added +9.2m |
| NATIONAL BANK OF CANADA /FI/ 0.10% of their portfolio | 9.3m $55.2m | Reduced -70.8k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 9.3m $56.2m | Added +1.2m |
| Legal & General Group Plc 0.02% of their portfolio | 8.2m $49.7m | Added +246.3k |
| Invesco Ltd. 0.01% of their portfolio | 7.9m $48.0m | Added +29.0k |
| ALTRINSIC GLOBAL ADVISORS LLC 2.01% of their portfolio | 7.8m $47.3m | Reduced -4.7m |
| 1832 Asset Management L.P. 0.09% of their portfolio | 7.6m $46.1m | Reduced -68 |
| CIBC WORLD MARKET INC. 0.12% of their portfolio | 7.2m $43.8m | Added +417.7k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 6.5m $39.1m | Added +2.2m |
| Amundi 0.02% of their portfolio | 6.3m $35.0m | Reduced -360.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 5.9m $36.0m | Added +2.1m |
| Polunin Capital Partners Ltd 6.68% of their portfolio | 5.9m $35.7m | Reduced -149.0k |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 5.5m $33.1m | Reduced -1.2m |
| GABELLI FUNDS LLC 0.25% of their portfolio | 5.3m $32.3m | Added +375.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 5.3m $32.2m | Added +1.3m |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 5.3m $32.1m | Reduced -3.5m |
| TORONTO DOMINION BANK 0.05% of their portfolio | 5.2m $31.7m | Reduced -5.2m |
| Triasima Portfolio Management inc. 2.45% of their portfolio | 4.9m $29.6m | Added +2.6m |
| Cape Ann Asset Management Ltd 26.48% of their portfolio | 4.9m $29.4m | Reduced -230.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.7m $28.3m | Added +170.8k |
| CIBC Asset Management Inc 0.10% of their portfolio | 4.4m $27.0m | Added +2.9m |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 5.57% of their portfolio | 4.4m $26.6m | Added +209.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.4m $26.4m | Added +156.2k |
| Swiss National Bank 0.02% of their portfolio | 4.0m $24.2m | Reduced -120.7k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 4.0m $24.0m | Reduced -2.6m |
| TD Asset Management Inc 0.02% of their portfolio | 3.9m $23.8m | Added +15.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 3.8m $22.8m | Added +561.3k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 3.8m $22.8m | Reduced -242.7k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 3.4m $20.9m | Reduced -470.9k |
| Invenomic Capital Management LP 1.03% of their portfolio | 3.2m $19.2m | Reduced -2.4m |
| BlackRock Inc. 0.00% of their portfolio | 3.1m $18.8m | Reduced -432.6k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 3.0m $18.4m | Added +2.5m |
| Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio | 2.9m $17.8m | Added +629.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 2.9m $17.5m | Reduced -3.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 2.8m $17.3m | Added +124.1k |
| APG Asset Management N.V. 0.03% of their portfolio | 2.7m $14.7m | Added +107.8k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 2.6m $15.8m | Added +68.1k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 2.4m $14.6m | Reduced -6.4m |
| Hillsdale Investment Management Inc. 1.17% of their portfolio | 2.4m $14.3m | Added +29.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 2.3m $13.9m | Added +679.4k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 2.3m $13.8m | Added +2.2m |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 2.1m $12.8m | Added +489.6k |
| Pine Valley Investments Ltd Liability Co 1.03% of their portfolio | 2.0m $12.3m | Reduced -150.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 2.0m $12.2m | Reduced -86.6k |
| SPROTT INC. 0.99% of their portfolio | 1.8m $11.0m | Reduced -54.8k |
| FMR LLC 0.00% of their portfolio | 1.8m $10.9m | Added +1.8m |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 1.8m $10.9m | Reduced -4.3m |
| Man Group plc 0.03% of their portfolio | 1.8m $10.9m | New |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.8m $10.8m | New |
| Euro Pacific Asset Management, LLC 2.04% of their portfolio | 1.6m $9.5m | Reduced -160.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 1.6m $9.5m | Reduced -697.6k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 1.5m $9.0m | Added +371.7k |
| AVIVA PLC 0.03% of their portfolio | 1.5m $8.9m | Added +64.0k |
| Boothe Investment Group, Inc. 3.95% of their portfolio | 1.4m $8.7m | Reduced -1.5m |
| Cubist Systematic Strategies, LLC 0.11% of their portfolio | 1.4m $8.6m | Added +343.6k |
| TD Waterhouse Canada Inc. 0.08% of their portfolio | 1.2m $8.2m | Added +1.2m |
| Vontobel Holding Ltd. 0.06% of their portfolio | 1.2m $7.1m | Added +458.0k |
| AMF Tjanstepension AB 0.06% of their portfolio | 1.1m $6.8m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $6.6m | Reduced -162.1k |
| SG Americas Securities, LLC 0.07% of their portfolio | 1.0m $6.2m | Added +50.9k |
| Engineers Gate Manager LP 0.17% of their portfolio | 1.0m $6.1m | Added +131.7k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 997.8k $6.1m | Added +270.3k |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 974.5k $5.9m | Added +262.9k |
| PKO Investment Management Joint-Stock Co 0.72% of their portfolio | 949.0k $5.7m | Added +56.0k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 947.0k $5.7m | Added +179.9k |
| AGF MANAGEMENT LTD 0.03% of their portfolio | 940.3k $5.7m | Added +544.5k |
| Smith Group Asset Management, LLC 0.32% of their portfolio | 914.1k $5.5m | First filing |
| Alberta Investment Management Corp 0.05% of their portfolio | 907.3k $5.5m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 902.5k $5.5m | Added +801.3k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 887.1k $5.3m | Added +21.1k |
| BARCLAYS PLC 0.00% of their portfolio | 852.4k $5.2m | Added +321.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 797.3k $4.8m | Added +87.5k |
| Korea Investment CORP 0.01% of their portfolio | 788.6k $4.8m | Added +548.5k |
| Vident Advisory, LLC 0.11% of their portfolio | 697.6k $4.2m | Added +379.7k |
| Empyrean Capital Partners, LP 0.25% of their portfolio | 687.4k $4.2m | Reduced -100.0k |
| GUGGENHEIM CAPITAL LLC 0.03% of their portfolio | 685.2k $4.1m | Added +40.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 683.2k $4.2m | Reduced -473.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 681.8k $4.1m | Reduced -59.2k |
| Power Corp of Canada 0.40% of their portfolio | 639.8k $3.9m | Reduced -269.0k |
| Maryland State Retirement & Pension System 0.08% of their portfolio | 639.1k $3.9m | Reduced -154.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 623.8k $3.8m | Added +23.3k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 622.6k $3.8m | Reduced -694.7k |
| UBS Group AG 0.00% of their portfolio | 621.8k $3.8m | Reduced -129.1k |
| Perpetual Ltd 0.04% of their portfolio | 598.4k $3.6m | New |
| GTS SECURITIES LLC 0.08% of their portfolio | 577.6k $3.5m | Added +244.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 573.7k $3.5m | Reduced -10.2k |