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 ($15.5m this quarter). Holder counts are more reliable. Shares outstanding: 1.2bn as of 2024-12-31, 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 ≈ $9.59. Options: 27 managers hold calls ($64.6m notional), 25 hold puts ($78.3m).
Trends to Q3 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 |
| Q2 2024 | 394 |
| Q3 2024 | 437 |
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 |
| Q2 2024 | 208 | 153 |
| Q3 2024 | 238 | 154 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $84.1m | $71.1m | 0.85 |
| Q1 2024 | $49.1m | $34.0m | 0.69 |
| Q2 2024 | $63.0m | $66.0m | 1.05 |
| Q3 2024 | $64.6m | $78.3m | 1.21 |
Biggest buyers
| Boston Partners | Added | +11.4m |
| MILLENNIUM MANAGEMENT LLC | Added | +7.6m |
| BANK OF MONTREAL /CAN/ | Added | +5.6m |
| Ninety One UK Ltd | New | +5.0m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +3.6m |
| LORD, ABBETT & CO. LLC | New | +3.6m |
| Allspring Global Investments Holdings, LLC | Added | +3.4m |
| First Eagle Investment Management, LLC | Added | +3.1m |
| MORGAN STANLEY | Added | +2.7m |
| Qube Research & Technologies Ltd | Added | +2.5m |
Biggest sellers
| VAN ECK ASSOCIATES CORP | Reduced | -49.5m |
| Polunin Capital Partners Ltd | Sold out | -6.5m |
| CITADEL ADVISORS LLC | Reduced | -5.7m |
| JPMORGAN CHASE & CO | Reduced | -5.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -3.5m |
| APG Asset Management N.V. | Reduced | -3.2m |
| DONALD SMITH & CO., INC. | Sold out | -2.9m |
| Triasima Portfolio Management inc. | Reduced | -2.5m |
| Ruffer LLP | Reduced | -2.1m |
| Invenomic Capital Management LP | Reduced | -1.4m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.2m1.1m shares |
| Cubist Systematic Strategies, LLC | New | $6.1m656.3k shares |
| CITADEL ADVISORS LLC | Added | $5.9m625.8k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $5.4m575.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $5.2m553.9k shares |
| GROUP ONE TRADING LLC | Reduced | $5.1m546.6k shares |
| SIMPLEX TRADING, LLC | Added | $4.0m426.9k shares |
| IMC-Chicago, LLC | Added | $3.5m374.4k shares |
| JANE STREET GROUP, LLC | Reduced | $3.1m334.6k shares |
| WOLVERINE TRADING, LLC | Added | $2.3m240.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.7m1.7m shares |
| Genus Capital Management Inc. | Reduced | $11.5m1.2m shares |
| CITADEL ADVISORS LLC | Added | $10.0m1.1m shares |
| SIMPLEX TRADING, LLC | Added | $5.8m623.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $5.5m587.0k shares |
| Walleye Trading LLC | Added | $5.0m532.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $3.7m397.5k shares |
| IMC-Chicago, LLC | Added | $2.7m290.8k shares |
| Cubist Systematic Strategies, LLC | Added | $2.6m279.5k shares |
| GROUP ONE TRADING LLC | Added | $2.5m268.1k 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 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 Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 0.96% of their portfolio | 71.7m $768.0m | Reduced -49.5m |
| VANGUARD GROUP INC 0.01% of their portfolio | 46.6m $436.6m | Added +597.0k |
| Boston Partners 0.55% of their portfolio | 44.1m $463.6m | Added +11.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.27% of their portfolio | 34.2m $320.0m | Reduced -679.1k |
| NORGES BANK 0.04% of their portfolio | 32.5m $304.8m | Reduced -1.4m |
| RENAISSANCE TECHNOLOGIES LLC 0.42% of their portfolio | 29.6m $277.4m | Added +777.2k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 25.0m $234.1m | Added +341.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 23.3m $218.0m | Reduced -5.1m |
| BANK OF MONTREAL /CAN/ 0.06% of their portfolio | 13.3m $126.1m | Added +5.6m |
| Connor, Clark & Lunn Investment Management Ltd. 0.60% of their portfolio | 13.3m $124.3m | Added +642.0k |
| MACKENZIE FINANCIAL CORP 0.15% of their portfolio | 11.5m $107.9m | Added +554.0k |
| FIL Ltd 0.09% of their portfolio | 11.1m $103.6m | Added +1.2m |
| Ruffer LLP 3.19% of their portfolio | 10.8m $101.1m | Reduced -2.1m |
| CIBC WORLD MARKET INC. 0.22% of their portfolio | 10.4m $97.6m | Added +2.5m |
| BANK OF NOVA SCOTIA 0.20% of their portfolio | 10.3m $96.9m | Added +297.8k |
| MORGAN STANLEY 0.01% of their portfolio | 10.3m $96.0m | Added +2.7m |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 10.2m $95.3m | Added +7.6m |
| NATIONAL BANK OF CANADA /FI/ 0.12% of their portfolio | 9.6m $90.0m | Added +70.4k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 9.3m $86.7m | Added +500.6k |
| Waratah Capital Advisors Ltd. 4.98% of their portfolio | 8.9m $83.5m | Reduced -348.1k |
| Artemis Investment Management LLP 1.22% of their portfolio | 8.6m $80.2m | Added +1.9m |
| Invesco Ltd. 0.01% of their portfolio | 7.8m $72.9m | Reduced -164.3k |
| 1832 Asset Management L.P. 0.12% of their portfolio | 7.7m $71.7m | Reduced -475.5k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 7.5m $70.6m | Reduced -209.8k |
| Legal & General Group Plc 0.02% of their portfolio | 7.4m $69.1m | Added +14.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio | 7.1m $66.5m | Added +480.6k |
| First Eagle Investment Management, LLC 0.13% of their portfolio | 7.0m $65.2m | Added +3.1m |
| JANE STREET GROUP, LLC 0.09% of their portfolio | 6.1m $56.7m | Added +2.0m |
| CIBC Asset Management Inc 0.18% of their portfolio | 6.1m $56.7m | Added +477.5k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 6.0m $56.0m | Added +1.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 5.7m $54.8m | Added +828.5k |
| Amundi 0.02% of their portfolio | 5.3m $50.0m | Reduced -389.6k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 5.1m $47.6m | Added +1.7m |
| Ninety One UK Ltd 0.13% of their portfolio | 5.0m $47.1m | New |
| GABELLI FUNDS LLC 0.33% of their portfolio | 4.9m $46.2m | Reduced -259.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 4.9m $45.9m | Reduced -730.7k |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 7.31% of their portfolio | 4.6m $43.2m | Reduced -32.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 4.5m $42.4m | Added +3.6m |
| TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio | 4.3m $40.0m | Reduced -13.7k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 4.2m $38.9m | Added +2.5m |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 3.9m $37.0m | Added +3.4m |
| TD Asset Management Inc 0.03% of their portfolio | 3.9m $37.3m | Reduced -40.0k |
| Cape Ann Asset Management Ltd 24.79% of their portfolio | 3.9m $36.2m | Reduced -19.2k |
| Swiss National Bank 0.02% of their portfolio | 3.7m $34.9m | Added +29.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.7m $34.8m | Added +1.3m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.6m $34.0m | Reduced -3.5m |
| LORD, ABBETT & CO. LLC 0.11% of their portfolio | 3.6m $33.5m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.6m $33.5m | Reduced -146.4k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio | 3.5m $32.7m | Reduced -1.2m |
| Man Group plc 0.09% of their portfolio | 3.4m $31.6m | Added +1.2m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 3.2m $30.2m | Reduced -645.6k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 3.1m $29.3m | Reduced -5.7m |
| FMR LLC 0.00% of their portfolio | 2.9m $27.1m | Added +441.2k |
| UBS Group AG 0.01% of their portfolio | 2.7m $25.1m | Added +29.6k |
| CI INVESTMENTS INC. 0.10% of their portfolio | 2.7m $25.0m | Added +289.8k |
| SPROTT INC. 1.57% of their portfolio | 2.6m $24.6m | Added +462.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 2.5m $23.5m | Unchanged |
| HRT FINANCIAL LP 0.12% of their portfolio | 2.5m $23.3m | Added +1.3m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 2.3m $21.9m | Added +2.1m |
| TORONTO DOMINION BANK 0.03% of their portfolio | 2.1m $19.5m | Added +1.1m |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 1.9m $17.6m | Reduced -137.8k |
| Federation des caisses Desjardins du Quebec 0.08% of their portfolio | 1.8m $17.1m | Added +1.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 1.8m $16.7m | Reduced -143.8k |
| Andra AP-fonden 0.32% of their portfolio | 1.7m $21.8m | Added +134.2k |
| Triasima Portfolio Management inc. 3.60% of their portfolio | 1.7m $16.0m | Reduced -2.5m |
| Rokos Capital Management LLP 0.55% of their portfolio | 1.7m $15.6m | New |
| PANAGORA ASSET MANAGEMENT INC 0.07% of their portfolio | 1.6m $15.1m | Added +1.4m |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 1.6m $14.9m | Reduced -9.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.6m $14.6m | Reduced -48.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 1.5m $14.2m | New |
| Invenomic Capital Management LP 0.77% of their portfolio | 1.5m $14.0m | Reduced -1.4m |
| Euro Pacific Asset Management, LLC 2.42% of their portfolio | 1.4m $13.1m | Reduced -65.3k |
| BlackRock, Inc. 0.00% of their portfolio | 1.4m $12.7m | First filing |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 1.3m $12.4m | Added +632.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 1.3m $9.8m | Added +998.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio | 1.3m $11.8m | Reduced -641.5k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 1.3m $11.7m | Added +575.4k |
| NewGen Asset Management Ltd 6.26% of their portfolio | 1.2m $11.5m | New |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 1.2m $11.3m | Added +116.0k |
| Hillsdale Investment Management Inc. 0.85% of their portfolio | 1.2m $11.1m | Reduced -158.5k |
| TD Waterhouse Canada Inc. 0.09% of their portfolio | 1.2m $11.2m | Added +22.5k |
| Korea Investment CORP 0.03% of their portfolio | 1.2m $11.1m | Reduced -1.4m |
| Vontobel Holding Ltd. 0.04% of their portfolio | 1.2m $11.1m | Unchanged |
| AVIVA PLC 0.03% of their portfolio | 1.2m $11.0m | Added +25.5k |
| ExodusPoint Capital Management, LP 0.11% of their portfolio | 1.2m $11.0m | Reduced -379.9k |
| Jump Financial, LLC 0.22% of their portfolio | 1.1m $10.7m | Added +556.1k |
| MUFG SECURITIES (CANADA), LTD. 0.46% of their portfolio | 1.1m $10.2m | Added +440.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.1m $10.8m | Added +6.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.0m $9.8m | Reduced -9.3k |
| Achmea Investment Management B.V. 0.16% of their portfolio | 1.0m $9.6m | Reduced -37.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 1.0m $9.5m | Reduced -428.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 1.0m $9.4m | Reduced -692.1k |
| Pine Valley Investments Ltd Liability Co 0.61% of their portfolio | 943.5k $8.8m | Reduced -764.4k |
| Contrarius Investment Management Ltd 0.50% of their portfolio | 941.0k $8.8m | Reduced -44.8k |
| Alberta Investment Management Corp 0.08% of their portfolio | 940.6k $8.8m | Added +33.3k |
| BAROMETER CAPITAL MANAGEMENT INC. 3.29% of their portfolio | 897.9k $11.4m | New |
| Smith Group Asset Management, LLC 0.68% of their portfolio | 875.0k $8.2m | Reduced -9.4k |
| Hamilton Capital Partners Inc. 0.70% of their portfolio | 867.0k $8.1m | Added +44.5k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 852.3k $7.9m | Added +7.7k |
| Boothe Investment Group, Inc. 3.59% of their portfolio | 838.5k $7.8m | Added +3.4k |