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 ($3.8m 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 ≈ $6.20. Options: 23 managers hold calls ($49.1m notional), 17 hold puts ($34.0m).
Trends to Q1 2024
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 |
| Q1 2024 | 355 |
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 |
| Q1 2024 | 157 | 176 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $74.7m | $52.4m | 0.70 |
| Q3 2023 | $58.5m | $43.6m | 0.75 |
| Q4 2023 | $84.1m | $71.1m | 0.85 |
| Q1 2024 | $49.1m | $34.0m | 0.69 |
Biggest buyers
| VAN ECK ASSOCIATES CORP | Added | +13.1m |
| MORGAN STANLEY | Added | +11.3m |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +5.4m |
| First Eagle Investment Management, LLC | New | +3.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +3.0m |
| CI INVESTMENTS INC. | New | +2.5m |
| Ruffer LLP | Added | +2.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.9m |
| ROYAL BANK OF CANADA | Added | +1.8m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.8m |
Biggest sellers
| ALTRINSIC GLOBAL ADVISORS LLC | Sold out | -7.8m |
| BANK OF MONTREAL /CAN/ | Reduced | -7.3m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -5.8m |
| TORONTO DOMINION BANK | Reduced | -5.1m |
| CITADEL ADVISORS LLC | Reduced | -2.7m |
| Hillsdale Investment Management Inc. | Sold out | -2.4m |
| Balyasny Asset Management L.P. | Reduced | -2.2m |
| MACQUARIE GROUP LTD | Sold out | -2.1m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -2.0m |
| JPMORGAN CHASE & CO | Reduced | -1.8m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.7m1.7m shares |
| JANE STREET GROUP, LLC | Reduced | $6.2m1.0m shares |
| Pine Valley Investments Ltd Liability Co | Added | $4.9m793.1k shares |
| ROYAL BANK OF CANADA | Reduced | $3.9m640.6k shares |
| GROUP ONE TRADING LLC | Reduced | $3.8m622.0k shares |
| SIG North Trading, ULC | First filing | $3.7m607.1k shares |
| BANK OF MONTREAL /CAN/ | Added | $2.6m432.1k shares |
| K2 PRINCIPAL FUND, L.P. | Reduced | $2.1m350.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.8m292.6k shares |
| PEAK6 Investments LLC | New | $1.4m234.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.4m2.0m shares |
| CITADEL ADVISORS LLC | Added | $7.1m1.2m shares |
| Walleye Trading LLC | Added | $3.1m511.3k shares |
| JANE STREET GROUP, LLC | Reduced | $2.8m454.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.8m295.8k shares |
| IMC-Chicago, LLC | Added | $1.7m276.3k shares |
| GTS SECURITIES LLC | Reduced | $993.7k162.1k shares |
| GROUP ONE TRADING LLC | Reduced | $961.2k156.8k shares |
| SIG North Trading, ULC | First filing | $769.3k125.5k shares |
| Jefferies Financial Group Inc. | Reduced | $613.0k100.0k 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 2024
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 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 1.40% of their portfolio | 151.0m $925.4m | Added +13.1m |
| VANGUARD GROUP INC 0.01% of their portfolio | 45.4m $278.5m | Added +497.5k |
| NORGES BANK 0.04% of their portfolio | 44.4m $272.6m | Added +579.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 29.4m $179.9m | Reduced -1.8m |
| RENAISSANCE TECHNOLOGIES LLC 0.28% of their portfolio | 28.9m $177.0m | Reduced -552.6k |
| MORGAN STANLEY 0.00% of their portfolio | 28.4m $173.9m | Added +11.3m |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 26.8m $164.3m | Added +1.8m |
| Ruffer LLP 5.26% of their portfolio | 22.3m $136.7m | Added +2.3m |
| Boston Partners 0.18% of their portfolio | 18.2m $151.5m | Added +1.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 12.4m $75.8m | Added +3.0m |
| BANK OF NOVA SCOTIA 0.14% of their portfolio | 11.4m $70.2m | Reduced -1.6m |
| DONALD SMITH & CO., INC. 1.62% of their portfolio | 11.4m $69.7m | Reduced -1.2m |
| MACKENZIE FINANCIAL CORP 0.09% of their portfolio | 10.3m $63.3m | Reduced -277.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.22% of their portfolio | 8.4m $51.5m | Added +5.4m |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 8.4m $51.2m | Reduced -927.8k |
| Invesco Ltd. 0.01% of their portfolio | 8.1m $49.6m | Added +160.4k |
| Legal & General Group Plc 0.01% of their portfolio | 7.9m $48.4m | Reduced -276.8k |
| 1832 Asset Management L.P. 0.09% of their portfolio | 7.9m $48.3m | Added +253.8k |
| NATIONAL BANK OF CANADA /FI/ 0.10% of their portfolio | 7.3m $55.2m | Reduced -2.0m |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 7.1m $41.7m | Reduced -7.3m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 7.0m $42.8m | Added +1.7m |
| CIBC WORLD MARKET INC. 0.11% of their portfolio | 6.9m $42.4m | Reduced -320.3k |
| Polunin Capital Partners Ltd 6.17% of their portfolio | 6.6m $40.6m | Added +727.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 6.5m $40.0m | Added +572.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 6.4m $39.0m | Added +1.7m |
| Amundi 0.02% of their portfolio | 5.9m $38.2m | Reduced -382.3k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 5.5m $33.8m | Reduced -955.3k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 5.4m $33.2m | Added +94.7k |
| GABELLI FUNDS LLC 0.23% of their portfolio | 5.0m $30.6m | Reduced -341.1k |
| Cape Ann Asset Management Ltd 26.52% of their portfolio | 4.9m $29.8m | Added +3.8k |
| CIBC Asset Management Inc 0.10% of their portfolio | 4.8m $29.4m | Added +352.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 4.8m $29.2m | Added +995.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 4.7m $29.1m | Added +1.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.7m $28.6m | Added +291.9k |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 5.01% of their portfolio | 4.5m $27.4m | Added +69.9k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio | 4.2m $25.9m | Reduced -5.8m |
| Triasima Portfolio Management inc. 2.17% of their portfolio | 4.2m $25.8m | Reduced -683.4k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 4.2m $25.7m | Added +1.8m |
| TD Asset Management Inc 0.02% of their portfolio | 4.0m $24.7m | Added +112.7k |
| First Eagle Investment Management, LLC 0.05% of their portfolio | 3.9m $23.9m | New |
| Swiss National Bank 0.02% of their portfolio | 3.7m $22.7m | Reduced -283.2k |
| APG Asset Management N.V. 0.03% of their portfolio | 3.4m $19.5m | Added +752.5k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 3.4m $20.7m | Reduced -380.0k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 3.2m $19.9m | Reduced -2.2m |
| Invenomic Capital Management LP 1.01% of their portfolio | 3.1m $19.0m | Reduced -72.7k |
| STOREBRAND ASSET MANAGEMENT AS 0.06% of their portfolio | 3.1m $18.9m | Added +1.6m |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 2.8m $17.1m | Reduced -54.5k |
| BlackRock Inc. 0.00% of their portfolio | 2.6m $15.9m | Reduced -502.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 2.5m $15.4m | Added +212.7k |
| CI INVESTMENTS INC. 0.06% of their portfolio | 2.5m $14.8m | New |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 2.5m $15.2m | Reduced -974.7k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 2.2m $11.8m | Reduced -393.2k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 2.0m $12.4m | Reduced -264.3k |
| UBS Group AG 0.00% of their portfolio | 2.0m $12.0m | Added +1.3m |
| Pine Valley Investments Ltd Liability Co 0.90% of their portfolio | 1.9m $11.6m | Reduced -133.8k |
| FMR LLC 0.00% of their portfolio | 1.8m $11.0m | Reduced -18.4k |
| Genus Capital Management Inc. 1.42% of their portfolio | 1.8m $10.9m | New |
| SPROTT INC. 0.78% of their portfolio | 1.8m $10.9m | Reduced -37.3k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 1.8m $10.8m | Added +1.1m |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.7m $10.7m | Reduced -278.0k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 1.7m $10.4m | Reduced -117.7k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 1.7m $10.3m | Reduced -1.4m |
| Man Group plc 0.03% of their portfolio | 1.6m $10.1m | Reduced -158.5k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 1.6m $10.0m | Added +748.3k |
| Euro Pacific Asset Management, LLC 2.07% of their portfolio | 1.6m $10.2m | Added +32.1k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 1.6m $9.9m | Added +706.1k |
| Artemis Investment Management LLP 0.13% of their portfolio | 1.6m $9.7m | New |
| AGF MANAGEMENT LTD 0.05% of their portfolio | 1.6m $9.7m | Added +636.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 1.5m $9.3m | Added +980.6k |
| Boothe Investment Group, Inc. 4.51% of their portfolio | 1.5m $8.9m | Added +13.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $7.9m | Added +199.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.3m $7.9m | Reduced -2.7m |
| Korea Investment CORP 0.02% of their portfolio | 1.3m $7.8m | Added +485.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 1.2m $7.3m | Reduced -365.7k |
| Vontobel Holding Ltd. 0.06% of their portfolio | 1.2m $7.2m | Unchanged |
| AVIVA PLC 0.02% of their portfolio | 1.2m $7.1m | Reduced -312.6k |
| AMF Tjanstepension AB 0.05% of their portfolio | 1.1m $6.9m | Unchanged |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.1m $6.5m | Reduced -722.6k |
| PKO Investment Management Joint-Stock Co 0.69% of their portfolio | 949.0k $5.8m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 917.4k $5.6m | Added +65.0k |
| Alberta Investment Management Corp 0.06% of their portfolio | 907.3k $5.6m | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 895.2k $5.5m | Added +213.4k |
| Smith Group Asset Management, LLC 0.31% of their portfolio | 884.2k $5.4m | Reduced -29.9k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 883.8k $5.2m | Reduced -63.2k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 839.9k $5.2m | Reduced -158.0k |
| PCJ Investment Counsel Ltd. 1.63% of their portfolio | 806.1k $4.9m | New |
| Hamilton Capital Partners Inc. 0.58% of their portfolio | 786.7k $4.8m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 786.3k $4.8m | Added +212.6k |
| Engineers Gate Manager LP 0.12% of their portfolio | 735.9k $4.5m | Reduced -265.1k |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 711.6k $4.4m | Reduced -262.9k |
| Pale Fire Capital SE 0.60% of their portfolio | 700.0k $4.3m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 691.2k $4.2m | Reduced -106.0k |
| Maryland State Retirement & Pension System 0.08% of their portfolio | 649.9k $4.1m | Added +10.8k |
| TD Waterhouse Canada Inc. 0.03% of their portfolio | 643.7k $4.1m | Reduced -577.0k |
| CHARTWELL INVESTMENT PARTNERS, LLC 0.14% of their portfolio | 642.0k $3.9m | Added +117.0k |
| Sienna Gestion 0.34% of their portfolio | 639.8k $3.9m | First filing |
| GeoSphere Capital Management, LLC 3.25% of their portfolio | 635.0k $3.9m | Added +235.0k |
| Achmea Investment Management B.V. 0.07% of their portfolio | 631.6k $3.9m | Added +367.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 629.8k $3.9m | Added +6.0k |
| GUGGENHEIM CAPITAL LLC 0.03% of their portfolio | 605.0k $3.7m | Reduced -80.2k |