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 ($29.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.66. Options: 26 managers hold calls ($236.3m notional), 23 hold puts ($68.9m).
Trends to Q2 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 |
| Q2 2025 | 505 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 253 | 215 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $64.6m | $78.3m | 1.21 |
| Q4 2024 | $56.4m | $66.9m | 1.19 |
| Q1 2025 | $98.6m | $40.1m | 0.41 |
| Q2 2025 | $236.3m | $68.9m | 0.29 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +32.9m |
| Man Group plc | Added | +5.4m |
| CI INVESTMENTS INC. | Added | +4.0m |
| BANK OF AMERICA CORP /DE/ | Added | +3.6m |
| BlackRock, Inc. | Added | +3.5m |
| AustralianSuper Pty Ltd | Added | +3.4m |
| CITADEL ADVISORS LLC | Added | +3.1m |
| TWO SIGMA INVESTMENTS, LP | Added | +3.0m |
| Invesco Ltd. | Added | +2.9m |
| JANE STREET GROUP, LLC | Added | +2.4m |
Biggest sellers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -39.8m |
| VAN ECK ASSOCIATES CORP | Reduced | -8.2m |
| NORGES BANK | Reduced | -4.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.6m |
| Boston Partners | Reduced | -3.1m |
| BANK OF MONTREAL /CAN/ | Reduced | -2.9m |
| Ruffer LLP | Reduced | -2.7m |
| Ninety One SA (Pty) Ltd | Sold out | -2.3m |
| HSBC HOLDINGS PLC | Reduced | -2.1m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -1.9m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $42.0m2.7m shares |
| PEAK6 LLC | Added | $32.9m2.1m shares |
| JANE STREET GROUP, LLC | Added | $20.6m1.3m shares |
| CITADEL ADVISORS LLC | Added | $20.3m1.3m shares |
| Walleye Trading LLC | Added | $18.5m1.2m shares |
| GROUP ONE TRADING LLC | Added | $17.0m1.1m shares |
| Cubist Systematic Strategies, LLC | Added | $14.3m914.9k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $10.1m6.4k shares |
| SIMPLEX TRADING, LLC | Added | $8.7m556.3k shares |
| WELLS FARGO & COMPANY/MN | Added | $8.3m528.6k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $11.9m760.6k shares |
| Verition Fund Management LLC | Added | $7.0m447.3k shares |
| JANE STREET GROUP, LLC | Added | $6.3m405.2k shares |
| Twin Tree Management, LP | Unchanged | $5.9m377.5k shares |
| Walleye Capital LLC | Added | $5.2m334.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.0m321.0k shares |
| SIMPLEX TRADING, LLC | Added | $4.9m316.5k shares |
| SIG North Trading, ULC | Reduced | $4.0m256.1k shares |
| Walleye Trading LLC | Added | $3.5m226.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.2m205.2k 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 Q2 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 Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 1.77% of their portfolio | 100.1m $1.6bn | Reduced -8.2m |
| ROYAL BANK OF CANADA 0.09% of their portfolio | 61.5m $961.0m | Added +32.9m |
| VANGUARD GROUP INC 0.01% of their portfolio | 49.2m $768.6m | Added +1.3m |
| Boston Partners 0.79% of their portfolio | 44.4m $711.9m | Reduced -3.1m |
| RENAISSANCE TECHNOLOGIES LLC 0.70% of their portfolio | 33.5m $523.2m | Added +1.0m |
| NORGES BANK 0.05% of their portfolio | 24.9m $389.0m | Reduced -4.3m |
| Man Group plc 0.57% of their portfolio | 16.7m $261.6m | Added +5.4m |
| MORGAN STANLEY 0.01% of their portfolio | 12.6m $196.3m | Reduced -153.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.66% of their portfolio | 12.1m $188.5m | Reduced -954.8k |
| MACKENZIE FINANCIAL CORP 0.24% of their portfolio | 12.0m $187.8m | Reduced -1.4m |
| FIL Ltd 0.16% of their portfolio | 11.9m $185.4m | Reduced -1.2m |
| First Eagle Investment Management, LLC 0.37% of their portfolio | 11.8m $184.8m | Added +37.9k |
| NATIONAL BANK OF CANADA /FI/ 0.19% of their portfolio | 11.2m $174.9m | Reduced -445.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 10.6m $172.6m | Added +1.9m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 10.1m $157.4m | Added +54.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 10.0m $156.0m | Reduced -168.9k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 9.4m $147.2m | Reduced -2.9m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 9.3m $145.2m | Added +2.3m |
| Invesco Ltd. 0.02% of their portfolio | 8.9m $139.8m | Added +2.9m |
| BANK OF NOVA SCOTIA 0.27% of their portfolio | 8.4m $131.5m | Added +226.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 8.1m $126.2m | Added +3.6m |
| Allianz Asset Management GmbH 0.17% of their portfolio | 8.0m $125.4m | Added +1.1m |
| CIBC WORLD MARKET INC. 0.28% of their portfolio | 8.0m $125.7m | Reduced -516.1k |
| Legal & General Group Plc 0.03% of their portfolio | 7.4m $115.1m | Added +527.5k |
| BlackRock, Inc. 0.00% of their portfolio | 7.2m $112.0m | Added +3.5m |
| CI INVESTMENTS INC. 0.41% of their portfolio | 6.9m $108.1m | Added +4.0m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.09% of their portfolio | 6.7m $105.1m | Added +336.1k |
| Amundi 0.03% of their portfolio | 6.5m $100.9m | Reduced -225.9k |
| Artemis Investment Management LLP 1.26% of their portfolio | 6.3m $98.1m | Reduced -602.2k |
| AustralianSuper Pty Ltd 0.48% of their portfolio | 6.1m $95.5m | Added +3.4m |
| 1832 Asset Management L.P. 0.16% of their portfolio | 6.0m $93.8m | Reduced -566.2k |
| CIBC Asset Management Inc 0.28% of their portfolio | 5.8m $90.4m | Reduced -862.6k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 5.6m $87.1m | Added +475.0k |
| FMR LLC 0.00% of their portfolio | 5.5m $86.5m | Added +22.1k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 5.4m $84.6m | Reduced -1.1m |
| Ninety One UK Ltd 0.20% of their portfolio | 5.3m $83.2m | Added +1.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio | 5.3m $81.7m | Added +111.4k |
| TWO SIGMA INVESTMENTS, LP 0.15% of their portfolio | 5.2m $80.9m | Added +3.0m |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 4.4m $69.2m | Reduced -3.6m |
| GABELLI FUNDS LLC 0.49% of their portfolio | 4.4m $68.9m | Reduced -127.9k |
| UBS Group AG 0.01% of their portfolio | 4.4m $68.6m | Added +408.0k |
| TD Asset Management Inc 0.06% of their portfolio | 4.3m $67.2m | Added +220.9k |
| JANE STREET GROUP, LLC 0.10% of their portfolio | 3.8m $59.2m | Added +2.4m |
| Swiss National Bank 0.03% of their portfolio | 3.7m $58.2m | Added +241.6k |
| Cape Ann Asset Management Ltd 23.76% of their portfolio | 3.5m $55.5m | Reduced -18.6k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 3.1m $49.1m | Added +3.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.1m $48.3m | Reduced -82.8k |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 6.79% of their portfolio | 3.1m $48.2m | Reduced -1.4m |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 3.0m $47.2m | Reduced -126.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 3.0m $47.1m | Added +2.3m |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 3.0m $47.1m | Added +515.4k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.05% of their portfolio | 2.9m $45.1m | Reduced -1.9m |
| SPROTT INC. 2.10% of their portfolio | 2.7m $42.0m | Reduced -242.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 2.5m $39.5m | Added +413.8k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 2.4m $38.1m | Reduced -153.0k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 2.4m $37.2m | Reduced -1.5m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 2.2m $34.5m | Reduced -205.6k |
| Hillsdale Investment Management Inc. 1.25% of their portfolio | 2.2m $33.8m | Added +124.0k |
| MUFG SECURITIES (CANADA), LTD. 0.99% of their portfolio | 2.1m $32.5m | Added +210.6k |
| Waratah Capital Advisors Ltd. 2.18% of their portfolio | 2.0m $32.0m | Reduced -1.1m |
| ASSETMARK, INC 0.08% of their portfolio | 2.0m $31.9m | Added +947.5k |
| Federation des caisses Desjardins du Quebec 0.13% of their portfolio | 2.0m $30.5m | Added +608 |
| JUPITER ASSET MANAGEMENT LTD 0.25% of their portfolio | 1.9m $29.8m | Added +1.4m |
| TORONTO DOMINION BANK 0.06% of their portfolio | 1.9m $29.6m | Reduced -34.9k |
| Euro Pacific Asset Management, LLC 2.10% of their portfolio | 1.9m $22.5m | Added +761.5k |
| Andra AP-fonden 0.51% of their portfolio | 1.7m $36.7m | Added +171.4k |
| Merewether Investment Management, LP 0.77% of their portfolio | 1.7m $26.8m | Reduced -424.9k |
| TWO SIGMA ADVISERS, LP 0.05% of their portfolio | 1.6m $25.4m | Added +291.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.6m $24.4m | Added +968 |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 1.5m $23.6m | Reduced -28.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 1.4m $22.3m | Added +281.2k |
| CITIGROUP INC 0.01% of their portfolio | 1.4m $21.5m | Added +584.8k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 1.4m $21.4m | Reduced -2.1m |
| Trexquant Investment LP 0.24% of their portfolio | 1.4m $21.1m | Reduced -97.3k |
| Nuveen, LLC 0.01% of their portfolio | 1.3m $20.1m | Reduced -1.9k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.3m $19.8m | Reduced -17.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.2m $19.5m | Added +1.2m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $19.2m | Reduced -96.4k |
| INTACT INVESTMENT MANAGEMENT INC. 0.65% of their portfolio | 1.2m $19.2m | Added +191.7k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 1.2m $18.9m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 1.2m $18.8m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio | 1.2m $18.6m | Added +160.7k |
| Cubist Systematic Strategies, LLC 0.19% of their portfolio | 1.1m $17.9m | Reduced -157.2k |
| TD Waterhouse Canada Inc. 0.13% of their portfolio | 1.1m $17.6m | Reduced -55.5k |
| Bridgewater Associates, LP 0.07% of their portfolio | 1.1m $17.0m | Reduced -452.1k |
| Aquatic Capital Management LLC 0.34% of their portfolio | 1.1m $16.8m | Added +229.8k |
| Achmea Investment Management B.V. 0.20% of their portfolio | 1.0m $15.8m | Reduced -67.6k |
| Twin Tree Management, LP 0.38% of their portfolio | 956.5k $15.0m | Added +871.7k |
| Union Bancaire Privee, UBP SA 0.20% of their portfolio | 952.5k $13.7m | Added +738.2k |
| Ruffer LLP 0.65% of their portfolio | 940.8k $14.7m | Reduced -2.7m |
| Alberta Investment Management Corp 0.12% of their portfolio | 940.6k $14.7m | Unchanged |
| AVIVA PLC 0.03% of their portfolio | 910.1k $14.2m | Added +106.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 904.7k $14.1m | Added +169.3k |
| INTECH INVESTMENT MANAGEMENT LLC 0.13% of their portfolio | 893.3k $13.9m | Added +173.7k |
| Hamilton Capital Partners Inc. 0.70% of their portfolio | 875.5k $13.7m | Added +106.3k |
| Triasima Portfolio Management inc. 2.45% of their portfolio | 859.1k $13.4m | Reduced -354.5k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 852.3k $12.8m | Reduced -31.5k |
| APG Asset Management N.V. 0.03% of their portfolio | 839.4k $11.2m | Added +104.9k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.03% of their portfolio | 837.5k $13.1m | Added +2.3k |
| WINMILL & CO. INC 3.54% of their portfolio | 815.5k $12.7m | Added +16.0k |