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 ($13.9m 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 ≈ $9.32. Options: 26 managers hold calls ($56.4m notional), 24 hold puts ($66.9m).
Trends to Q4 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 |
| Q4 2024 | 472 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 223 | 195 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $49.1m | $34.0m | 0.69 |
| Q2 2024 | $63.0m | $66.0m | 1.05 |
| Q3 2024 | $64.6m | $78.3m | 1.21 |
| Q4 2024 | $56.4m | $66.9m | 1.19 |
Biggest buyers
| VAN ECK ASSOCIATES CORP | Added | +44.6m |
| MACKENZIE FINANCIAL CORP | Added | +30.3m |
| BANK OF MONTREAL /CAN/ | Added | +6.2m |
| Man Group plc | Added | +5.9m |
| First Eagle Investment Management, LLC | Added | +5.6m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +3.2m |
| UBS Group AG | Added | +2.6m |
| Merewether Investment Management, LP | New | +2.6m |
| ROYAL BANK OF CANADA | Added | +2.3m |
| Cubist Systematic Strategies, LLC | Added | +2.2m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -9.9m |
| Boston Partners | Reduced | -9.2m |
| Artemis Investment Management LLP | Reduced | -7.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -3.7m |
| LORD, ABBETT & CO. LLC | Sold out | -3.6m |
| Ruffer LLP | Reduced | -3.4m |
| JANE STREET GROUP, LLC | Reduced | -3.0m |
| Qube Research & Technologies Ltd | Reduced | -2.9m |
| Waratah Capital Advisors Ltd. | Reduced | -2.6m |
| HRT FINANCIAL LP | Sold out | -2.5m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $11.1m1.2m shares |
| CITADEL ADVISORS LLC | Added | $6.1m659.9k shares |
| NATIONAL BANK OF CANADA /FI/ | New | $5.7m6.2k shares |
| ROYAL BANK OF CANADA | Added | $4.8m520.8k shares |
| GROUP ONE TRADING LLC | Reduced | $3.8m414.3k shares |
| IMC-Chicago, LLC | Reduced | $3.2m347.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.2m340.5k shares |
| JANE STREET GROUP, LLC | Reduced | $3.0m319.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.9m312.4k shares |
| SIG North Trading, ULC | Added | $2.2m236.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.4m1.7m shares |
| CITADEL ADVISORS LLC | Added | $11.4m1.2m shares |
| Genus Capital Management Inc. | Reduced | $6.7m726.0k shares |
| Walleye Trading LLC | Added | $5.8m626.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.6m501.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $4.0m427.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $3.7m399.7k shares |
| GROUP ONE TRADING LLC | Reduced | $2.5m267.5k shares |
| SIG North Trading, ULC | Added | $1.9m207.1k shares |
| JANE STREET GROUP, LLC | Reduced | $1.8m191.0k 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 Q4 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 Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 1.38% of their portfolio | 116.3m $1.1bn | Added +44.6m |
| VANGUARD GROUP INC 0.01% of their portfolio | 47.4m $439.9m | Added +763.2k |
| MACKENZIE FINANCIAL CORP 0.17% of their portfolio | 41.9m $379.7m | Added +30.3m |
| Boston Partners 0.43% of their portfolio | 34.8m $351.3m | Reduced -9.2m |
| RENAISSANCE TECHNOLOGIES LLC 0.45% of their portfolio | 32.9m $304.6m | Added +3.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.23% of their portfolio | 30.4m $282.3m | Reduced -3.7m |
| NORGES BANK 0.04% of their portfolio | 30.3m $280.7m | Reduced -2.3m |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 27.3m $252.8m | Added +2.3m |
| BANK OF MONTREAL /CAN/ 0.09% of their portfolio | 19.5m $180.7m | Added +6.2m |
| Connor, Clark & Lunn Investment Management Ltd. 0.62% of their portfolio | 14.7m $136.0m | Added +1.4m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 13.4m $124.6m | Reduced -9.9m |
| First Eagle Investment Management, LLC 0.26% of their portfolio | 12.6m $116.9m | Added +5.6m |
| FIL Ltd 0.10% of their portfolio | 11.0m $102.4m | Reduced -37.2k |
| NATIONAL BANK OF CANADA /FI/ 0.13% of their portfolio | 10.8m $100.2m | Added +1.2m |
| MORGAN STANLEY 0.01% of their portfolio | 9.9m $91.7m | Reduced -364.6k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 9.4m $87.3m | Added +160.8k |
| Man Group plc 0.26% of their portfolio | 9.2m $85.7m | Added +5.9m |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 9.2m $85.6m | Reduced -947.2k |
| BANK OF NOVA SCOTIA 0.14% of their portfolio | 8.4m $77.6m | Reduced -2.0m |
| CIBC WORLD MARKET INC. 0.17% of their portfolio | 8.2m $75.9m | Reduced -2.2m |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 7.7m $71.6m | Added +172.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 7.7m $74.1m | Added +2.0m |
| Ruffer LLP 2.49% of their portfolio | 7.4m $68.9m | Reduced -3.4m |
| 1832 Asset Management L.P. 0.12% of their portfolio | 7.4m $68.8m | Reduced -243.0k |
| Invesco Ltd. 0.01% of their portfolio | 7.4m $68.3m | Reduced -429.5k |
| Legal & General Group Plc 0.02% of their portfolio | 6.9m $64.5m | Reduced -425.8k |
| CIBC Asset Management Inc 0.21% of their portfolio | 6.8m $63.5m | Added +795.6k |
| TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio | 6.5m $60.0m | Added +2.2m |
| Waratah Capital Advisors Ltd. 3.25% of their portfolio | 6.3m $58.1m | Reduced -2.6m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 6.3m $58.2m | Reduced -836.1k |
| Amundi 0.02% of their portfolio | 5.8m $60.1m | Added +492.6k |
| UBS Group AG 0.01% of their portfolio | 5.3m $49.2m | Added +2.6m |
| Allianz Asset Management GmbH 0.07% of their portfolio | 5.1m $47.6m | Added +49.3k |
| GABELLI FUNDS LLC 0.34% of their portfolio | 4.9m $45.9m | Added +12.0k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 4.7m $43.9m | Reduced -1.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 4.7m $43.8m | Reduced -173.9k |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 7.63% of their portfolio | 4.6m $42.7m | Reduced -10.4k |
| Ninety One UK Ltd 0.11% of their portfolio | 4.5m $42.1m | Reduced -481.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 4.1m $38.0m | Reduced -427.9k |
| TD Asset Management Inc 0.03% of their portfolio | 4.0m $37.2m | Added +74.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.9m $36.0m | Added +168.2k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 3.7m $34.6m | Added +594.1k |
| Cape Ann Asset Management Ltd 20.95% of their portfolio | 3.6m $33.3m | Reduced -281.3k |
| Swiss National Bank 0.02% of their portfolio | 3.6m $33.1m | Reduced -149.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.6m $32.9m | Reduced -75.8k |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 3.5m $32.6m | Reduced -430.7k |
| BlackRock, Inc. 0.00% of their portfolio | 3.5m $32.1m | Added +2.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.4m $31.5m | Reduced -180.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 3.3m $30.1m | Added +87.8k |
| Hillsdale Investment Management Inc. 1.52% of their portfolio | 3.2m $30.1m | Added +2.1m |
| FMR LLC 0.00% of their portfolio | 3.1m $28.8m | Added +199.9k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 3.1m $28.6m | Reduced -3.0m |
| SPROTT INC. 1.78% of their portfolio | 2.9m $26.7m | Added +259.5k |
| CI INVESTMENTS INC. 0.10% of their portfolio | 2.7m $25.4m | Added +66.1k |
| TWO SIGMA ADVISERS, LP 0.06% of their portfolio | 2.7m $25.2m | Added +843.4k |
| Rokos Capital Management LLP 0.54% of their portfolio | 2.7m $25.0m | Added +1.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 2.6m $24.2m | Added +823.1k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio | 2.6m $23.9m | Reduced -917.5k |
| Merewether Investment Management, LP 0.95% of their portfolio | 2.6m $23.8m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 2.5m $23.2m | Unchanged |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 2.4m $22.4m | Added +2.0m |
| Cubist Systematic Strategies, LLC 0.36% of their portfolio | 2.4m $21.9m | Added +2.2m |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 2.3m $21.7m | Added +1.5m |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 2.2m $20.6m | Added +975.1k |
| Federation des caisses Desjardins du Quebec 0.10% of their portfolio | 2.1m $19.1m | Added +242.5k |
| Trexquant Investment LP 0.22% of their portfolio | 2.0m $18.8m | Added +1.2m |
| Andra AP-fonden 0.42% of their portfolio | 2.0m $26.2m | Added +241.1k |
| TORONTO DOMINION BANK 0.03% of their portfolio | 1.9m $17.6m | Reduced -186.0k |
| MUFG SECURITIES (CANADA), LTD. 0.63% of their portfolio | 1.9m $17.4m | Added +786.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.7m $15.8m | Added +1.2m |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 1.6m $14.4m | Reduced -27.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 1.6m $14.4m | New |
| INTACT INVESTMENT MANAGEMENT INC. 0.49% of their portfolio | 1.5m $14.0m | Added +1.5m |
| Triasima Portfolio Management inc. 2.70% of their portfolio | 1.5m $13.9m | Reduced -209.9k |
| Artemis Investment Management LLP 0.20% of their portfolio | 1.5m $13.7m | Reduced -7.1m |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.5m $13.6m | Reduced -91.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 1.4m $13.4m | Reduced -76.0k |
| Invenomic Capital Management LP 0.67% of their portfolio | 1.3m $11.9m | Reduced -208.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 1.3m $11.9m | Reduced -38.2k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 1.3m $11.6m | Reduced -2.9m |
| Korea Investment CORP 0.03% of their portfolio | 1.2m $11.5m | Added +59.7k |
| Vontobel Holding Ltd. 0.04% of their portfolio | 1.2m $11.1m | Added +12.7k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.07% of their portfolio | 1.2m $11.1m | Added +796.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $11.0m | Added +528.3k |
| PANAGORA ASSET MANAGEMENT INC 0.05% of their portfolio | 1.2m $10.8m | Reduced -452.1k |
| TD Waterhouse Canada Inc. 0.08% of their portfolio | 1.1m $10.5m | Reduced -48.4k |
| Euro Pacific Asset Management, LLC 2.33% of their portfolio | 1.1m $10.8m | Reduced -265.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.1m $10.2m | Added +15.8k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 1.1m $10.2m | Added +993.9k |
| Bridgewater Associates, LP 0.05% of their portfolio | 1.1m $9.9m | Added +519.2k |
| ExodusPoint Capital Management, LP 0.10% of their portfolio | 1.0m $9.7m | Reduced -124.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.0m $9.7m | Reduced -6.1k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 1.0m $9.6m | Reduced -169.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.03% of their portfolio | 991.0k $9.2m | Reduced -272.5k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 962.0k $8.9m | Reduced -39.5k |
| Alberta Investment Management Corp 0.06% of their portfolio | 940.6k $8.7m | Unchanged |
| Achmea Investment Management B.V. 0.14% of their portfolio | 907.8k $8.4m | Reduced -114.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 855.8k $7.9m | Reduced -154.9k |
| Boothe Investment Group, Inc. 3.43% of their portfolio | 853.1k $7.9m | Added +14.6k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 852.3k $7.9m | Unchanged |