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 ($24.5m 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 ≈ $12.68. Options: 29 managers hold calls ($98.6m notional), 21 hold puts ($40.1m).
Trends to Q1 2025
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 |
| Q1 2025 | 489 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 244 | 209 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $63.0m | $66.0m | 1.05 |
| Q3 2024 | $64.6m | $78.3m | 1.21 |
| Q4 2024 | $56.4m | $66.9m | 1.19 |
| Q1 2025 | $98.6m | $40.1m | 0.41 |
Biggest buyers
| Boston Partners | Added | +12.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +9.4m |
| Artemis Investment Management LLP | Added | +5.4m |
| GOLDMAN SACHS GROUP INC | Added | +3.4m |
| MORGAN STANLEY | Added | +2.8m |
| AustralianSuper Pty Ltd | New | +2.7m |
| Qube Research & Technologies Ltd | Added | +2.6m |
| FMR LLC | Added | +2.4m |
| Ninety One SA (Pty) Ltd | New | +2.3m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +2.3m |
Biggest sellers
| MACKENZIE FINANCIAL CORP | Reduced | -28.5m |
| VAN ECK ASSOCIATES CORP | Reduced | -8.0m |
| BANK OF MONTREAL /CAN/ | Reduced | -7.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Sold out | -4.7m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -4.3m |
| Ruffer LLP | Reduced | -3.8m |
| CITADEL ADVISORS LLC | Reduced | -3.7m |
| JPMORGAN CHASE & CO | Reduced | -3.3m |
| Waratah Capital Advisors Ltd. | Reduced | -3.1m |
| D. E. Shaw & Co., Inc. | Reduced | -2.2m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.5m831.5k shares |
| PEAK6 LLC | New | $9.3m737.2k shares |
| CITADEL ADVISORS LLC | Reduced | $7.7m608.3k shares |
| ROYAL BANK OF CANADA | Added | $6.7m530.8k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $6.5m5.1k shares |
| JANE STREET GROUP, LLC | Added | $6.4m506.5k shares |
| Cubist Systematic Strategies, LLC | Added | $6.2m489.8k shares |
| JPMORGAN CHASE & CO | New | $5.5m438.9k shares |
| SIMPLEX TRADING, LLC | Added | $5.3m421.7k shares |
| WELLS FARGO & COMPANY/MN | New | $5.0m397.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $6.9m545.9k shares |
| Twin Tree Management, LP | New | $4.8m377.5k shares |
| SIG North Trading, ULC | Added | $3.4m272.1k shares |
| Verition Fund Management LLC | Added | $3.3m264.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.1m248.1k shares |
| JANE STREET GROUP, LLC | Added | $3.0m240.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $2.7m216.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.5m200.4k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $1.5m1.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.4m114.9k 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 Q1 2025
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 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 1.77% of their portfolio | 108.4m $1.4bn | Reduced -8.0m |
| VANGUARD GROUP INC 0.01% of their portfolio | 47.9m $603.8m | Added +561.6k |
| Boston Partners 0.77% of their portfolio | 47.5m $632.8m | Added +12.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.41% of their portfolio | 39.8m $501.5m | Added +9.4m |
| RENAISSANCE TECHNOLOGIES LLC 0.62% of their portfolio | 32.5m $409.2m | Reduced -410.4k |
| NORGES BANK 0.05% of their portfolio | 29.2m $367.9m | Reduced -1.1m |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 28.5m $360.0m | Added +1.3m |
| MACKENZIE FINANCIAL CORP 0.24% of their portfolio | 13.4m $168.5m | Reduced -28.5m |
| FIL Ltd 0.16% of their portfolio | 13.1m $164.4m | Added +2.0m |
| Connor, Clark & Lunn Investment Management Ltd. 0.72% of their portfolio | 13.0m $164.1m | Reduced -1.6m |
| MORGAN STANLEY 0.01% of their portfolio | 12.7m $160.3m | Added +2.8m |
| BANK OF MONTREAL /CAN/ 0.08% of their portfolio | 12.3m $155.0m | Reduced -7.2m |
| First Eagle Investment Management, LLC 0.31% of their portfolio | 11.8m $148.6m | Reduced -823.2k |
| NATIONAL BANK OF CANADA /FI/ 0.17% of their portfolio | 11.7m $146.5m | Added +866.2k |
| Man Group plc 0.43% of their portfolio | 11.3m $142.9m | Added +2.1m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 10.1m $128.0m | Reduced -3.3m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 10.0m $126.4m | Added +603.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 8.8m $115.5m | Added +1.1m |
| CIBC WORLD MARKET INC. 0.25% of their portfolio | 8.6m $107.8m | Added +377.0k |
| BANK OF NOVA SCOTIA 0.23% of their portfolio | 8.2m $103.2m | Reduced -167.9k |
| MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio | 8.1m $101.6m | Reduced -1.2m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 6.9m $87.6m | Added +3.4m |
| Allianz Asset Management GmbH 0.13% of their portfolio | 6.9m $87.5m | Added +1.8m |
| Artemis Investment Management LLP 1.33% of their portfolio | 6.9m $86.7m | Added +5.4m |
| Legal & General Group Plc 0.02% of their portfolio | 6.9m $86.3m | Reduced -89.5k |
| Amundi 0.03% of their portfolio | 6.7m $85.1m | Added +909.0k |
| CIBC Asset Management Inc 0.28% of their portfolio | 6.6m $83.8m | Reduced -199.5k |
| 1832 Asset Management L.P. 0.16% of their portfolio | 6.6m $82.8m | Reduced -849.4k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 6.6m $82.6m | Reduced -1.2m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 6.4m $80.5m | Added +2.3m |
| Invesco Ltd. 0.01% of their portfolio | 6.1m $76.5m | Reduced -1.3m |
| FMR LLC 0.00% of their portfolio | 5.5m $69.5m | Added +2.4m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio | 5.1m $65.1m | Reduced -1.1m |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 5.1m $64.3m | Added +359.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.07% of their portfolio | 4.8m $60.3m | Added +2.2m |
| GABELLI FUNDS LLC 0.44% of their portfolio | 4.5m $57.2m | Reduced -412.3k |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 9.16% of their portfolio | 4.5m $56.8m | Reduced -101.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.5m $56.2m | Added +572.3k |
| Ninety One UK Ltd 0.15% of their portfolio | 4.2m $53.2m | Reduced -314.9k |
| TD Asset Management Inc 0.05% of their portfolio | 4.1m $51.5m | Added +77.6k |
| UBS Group AG 0.01% of their portfolio | 4.0m $50.2m | Reduced -1.3m |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 3.9m $48.7m | Added +2.6m |
| BlackRock, Inc. 0.00% of their portfolio | 3.6m $45.7m | Added +154.5k |
| Ruffer LLP 1.75% of their portfolio | 3.6m $45.6m | Reduced -3.8m |
| Cape Ann Asset Management Ltd 27.64% of their portfolio | 3.6m $45.0m | Reduced -19.1k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 3.5m $44.4m | Added +1.3m |
| Swiss National Bank 0.03% of their portfolio | 3.5m $44.1m | Reduced -70.2k |
| Waratah Capital Advisors Ltd. 2.73% of their portfolio | 3.2m $40.1m | Reduced -3.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.2m $40.0m | Reduced -209.3k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 3.2m $39.7m | Added +809.6k |
| CI INVESTMENTS INC. 0.16% of their portfolio | 3.0m $37.3m | Added +224.6k |
| SPROTT INC. 2.19% of their portfolio | 2.9m $37.0m | Added +48.9k |
| AustralianSuper Pty Ltd 0.19% of their portfolio | 2.7m $33.9m | New |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 2.6m $32.6m | Reduced -922.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 2.5m $31.5m | Reduced -10.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 2.4m $30.4m | Reduced -194.9k |
| Ninety One SA (Pty) Ltd 5.36% of their portfolio | 2.3m $28.9m | New |
| Merewether Investment Management, LP 0.98% of their portfolio | 2.1m $27.0m | Reduced -421.1k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 2.1m $27.0m | Reduced -4.3m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 2.1m $26.4m | Reduced -1.2m |
| Hillsdale Investment Management Inc. 1.30% of their portfolio | 2.0m $25.6m | Reduced -1.2m |
| Federation des caisses Desjardins du Quebec 0.12% of their portfolio | 2.0m $24.6m | Reduced -115.8k |
| TORONTO DOMINION BANK 0.06% of their portfolio | 1.9m $24.3m | Added +37.7k |
| MUFG SECURITIES (CANADA), LTD. 0.82% of their portfolio | 1.9m $23.6m | Reduced -1.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.6m $19.7m | Added +93.0k |
| Andra AP-fonden 0.46% of their portfolio | 1.6m $28.2m | Reduced -404.6k |
| Bridgewater Associates, LP 0.09% of their portfolio | 1.5m $19.4m | Added +473.1k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 1.5m $19.4m | Reduced -17.8k |
| Korea Investment CORP 0.05% of their portfolio | 1.5m $18.8m | Added +254.1k |
| Trexquant Investment LP 0.21% of their portfolio | 1.4m $18.3m | Reduced -576.1k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.11% of their portfolio | 1.4m $18.0m | Added +234.3k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 1.4m $17.2m | Reduced -1.7m |
| Rokos Capital Management LLP 0.46% of their portfolio | 1.4m $17.0m | Reduced -1.3m |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 1.3m $16.8m | Reduced -1.4m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $16.7m | Added +142.0k |
| Cubist Systematic Strategies, LLC 0.21% of their portfolio | 1.3m $16.4m | Reduced -1.1m |
| Nuveen, LLC 0.00% of their portfolio | 1.3m $16.3m | First filing |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.3m $16.2m | Added +185.7k |
| Triasima Portfolio Management inc. 3.01% of their portfolio | 1.2m $15.3m | Reduced -285.0k |
| TD Waterhouse Canada Inc. 0.12% of their portfolio | 1.2m $14.8m | Added +59.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 1.1m $14.5m | Added +843.3k |
| Vontobel Holding Ltd. 0.05% of their portfolio | 1.1m $13.9m | Reduced -89.4k |
| Euro Pacific Asset Management, LLC 2.52% of their portfolio | 1.1m $13.9m | Reduced -19.2k |
| ASSETMARK, INC 0.04% of their portfolio | 1.1m $13.8m | Added +1.1m |
| Achmea Investment Management B.V. 0.20% of their portfolio | 1.1m $13.6m | Added +171.0k |
| CREDIT AGRICOLE S A 0.05% of their portfolio | 1.0m $13.2m | Added +448.2k |
| INTACT INVESTMENT MANAGEMENT INC. 0.45% of their portfolio | 1.0m $13.1m | Reduced -472.6k |
| Invenomic Capital Management LP 0.66% of their portfolio | 1.0m $13.0m | Reduced -256.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio | 1.0m $13.0m | Added +37.8k |
| Alberta Investment Management Corp 0.08% of their portfolio | 940.6k $11.8m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 899.6k $11.2m | Reduced -195.4k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 883.8k $11.3m | Added +31.5k |
| Aquatic Capital Management LLC 0.27% of their portfolio | 846.2k $10.7m | Added +270.9k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.02% of their portfolio | 835.2k $10.5m | New |
| STANSBERRY ASSET MANAGEMENT, LLC 1.25% of their portfolio | 828.4k $10.4m | Added +99.0k |
| AVIVA PLC 0.02% of their portfolio | 803.7k $10.1m | Added +99.4k |
| WINMILL & CO. INC 3.06% of their portfolio | 799.5k $10.1m | Unchanged |
| BAROMETER CAPITAL MANAGEMENT INC. 5.38% of their portfolio | 796.6k $14.4m | New |
| CITIGROUP INC 0.01% of their portfolio | 794.3k $10.0m | Added +109.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 786.1k $9.9m | Reduced -499.1k |