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 ($46.3m this quarter). Holder counts are more reliable. Shares outstanding: 1.2bn as of 2025-12-31, 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 ≈ $24.89. Options: 25 managers hold calls ($313.3m notional), 23 hold puts ($158.4m).
Trends to Q3 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 |
| Q3 2025 | 548 |
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 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 |
| Q3 2025 | 291 | 229 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $56.4m | $66.9m | 1.19 |
| Q1 2025 | $98.6m | $40.1m | 0.41 |
| Q2 2025 | $236.3m | $68.9m | 0.29 |
| Q3 2025 | $313.3m | $158.4m | 0.51 |
Biggest buyers
| FIL Ltd | Added | +16.0m |
| JPMORGAN CHASE & CO | Added | +9.2m |
| VAN ECK ASSOCIATES CORP | Added | +7.8m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +5.4m |
| FMR LLC | Added | +3.6m |
| BANK OF AMERICA CORP /DE/ | Added | +3.4m |
| Quadrature Capital Ltd | New | +3.2m |
| AustralianSuper Pty Ltd | Added | +3.1m |
| Zurich Insurance Group Ltd/FI | New | +3.0m |
| BANK OF MONTREAL /CAN/ | Added | +3.0m |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -29.1m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -7.4m |
| Man Group plc | Reduced | -5.1m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -5.0m |
| JANE STREET GROUP, LLC | Reduced | -2.9m |
| CITADEL ADVISORS LLC | Reduced | -2.6m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.3m |
| Qube Research & Technologies Ltd | Reduced | -2.2m |
| MORGAN STANLEY | Reduced | -1.9m |
| Ninety One UK Ltd | Reduced | -1.9m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $97.4m3.9m shares |
| CITADEL ADVISORS LLC | Added | $45.7m1.8m shares |
| SIMPLEX TRADING, LLC | Added | $21.2m851.4k shares |
| IMC-Chicago, LLC | Added | $17.0m685.3k shares |
| WOLVERINE TRADING, LLC | Added | $14.6m600.4k shares |
| GROUP ONE TRADING LLC | Reduced | $14.3m573.5k shares |
| Cubist Systematic Strategies, LLC | Reduced | $12.1m486.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $11.9m477.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $10.0m4.0k shares |
| SIG North Trading, ULC | Reduced | $8.1m326.7k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $34.3m1.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $26.4m1.1m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $13.2m529.7k shares |
| Verition Fund Management LLC | Added | $12.0m484.7k shares |
| Walleye Capital LLC | Added | $10.1m407.3k shares |
| SIMPLEX TRADING, LLC | Added | $9.4m377.2k shares |
| JANE STREET GROUP, LLC | Reduced | $8.3m332.2k shares |
| IMC-Chicago, LLC | Added | $7.3m293.8k shares |
| SIG North Trading, ULC | Reduced | $5.9m236.3k shares |
| PEAK6 LLC | New | $5.0m200.2k 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 Q3 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 Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 2.49% of their portfolio | 108.0m $2.7bn | Added +7.8m |
| VANGUARD GROUP INC 0.02% of their portfolio | 50.7m $1.3bn | Added +1.6m |
| Boston Partners 1.16% of their portfolio | 45.1m $1.1bn | Added +707.5k |
| ROYAL BANK OF CANADA 0.14% of their portfolio | 32.4m $804.4m | Reduced -29.1m |
| FIL Ltd 0.54% of their portfolio | 27.8m $690.5m | Added +16.0m |
| RENAISSANCE TECHNOLOGIES LLC 0.86% of their portfolio | 26.1m $648.1m | Reduced -7.4m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 19.2m $476.1m | Added +9.2m |
| Connor, Clark & Lunn Investment Management Ltd. 1.10% of their portfolio | 14.1m $349.5m | Added +2.0m |
| BANK OF MONTREAL /CAN/ 0.13% of their portfolio | 12.4m $307.0m | Added +3.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 12.3m $319.6m | Added +1.6m |
| MACKENZIE FINANCIAL CORP 0.35% of their portfolio | 11.7m $290.6m | Reduced -297.2k |
| Man Group plc 0.56% of their portfolio | 11.6m $289.4m | Reduced -5.1m |
| NATIONAL BANK OF CANADA /FI/ 0.32% of their portfolio | 11.5m $286.2m | Added +330.9k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 11.5m $285.3m | Added +3.4m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.22% of their portfolio | 10.7m $264.7m | Added +5.4m |
| MORGAN STANLEY 0.02% of their portfolio | 10.6m $264.1m | Reduced -1.9m |
| First Eagle Investment Management, LLC 0.46% of their portfolio | 10.1m $251.4m | Reduced -1.7m |
| Legal & General Group Plc 0.05% of their portfolio | 9.8m $244.2m | Added +2.5m |
| AustralianSuper Pty Ltd 1.08% of their portfolio | 9.2m $228.2m | Added +3.1m |
| FMR LLC 0.01% of their portfolio | 9.1m $225.5m | Added +3.6m |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 8.9m $222.4m | Reduced -337.2k |
| CIBC WORLD MARKET INC. 0.42% of their portfolio | 8.3m $204.8m | Added +215.5k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 8.2m $204.3m | Reduced -1.9m |
| BANK OF NOVA SCOTIA 0.36% of their portfolio | 8.2m $203.3m | Reduced -225.9k |
| Invesco Ltd. 0.03% of their portfolio | 7.8m $193.9m | Reduced -1.1m |
| Allianz Asset Management GmbH 0.23% of their portfolio | 7.6m $188.8m | Reduced -443.0k |
| Artemis Investment Management LLP 2.33% of their portfolio | 7.5m $186.9m | Added +1.2m |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 7.2m $179.5m | Added +1.6m |
| 1832 Asset Management L.P. 0.30% of their portfolio | 7.2m $178.6m | Added +1.2m |
| BlackRock, Inc. 0.00% of their portfolio | 6.9m $171.0m | Reduced -283.8k |
| CI INVESTMENTS INC. 0.61% of their portfolio | 6.8m $167.8m | Reduced -167.6k |
| Amundi 0.05% of their portfolio | 6.2m $156.9m | Reduced -290.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.11% of their portfolio | 6.2m $153.3m | Reduced -544.9k |
| TD Asset Management Inc 0.11% of their portfolio | 5.6m $139.4m | Added +1.3m |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 5.2m $128.2m | Reduced -250.1k |
| CIBC Asset Management Inc 0.34% of their portfolio | 4.8m $118.1m | Reduced -1.0m |
| UBS Group AG 0.02% of their portfolio | 4.3m $106.3m | Reduced -116.5k |
| GABELLI FUNDS LLC 0.64% of their portfolio | 3.8m $94.4m | Reduced -609.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 3.6m $90.6m | Added +2.4m |
| Swiss National Bank 0.05% of their portfolio | 3.5m $87.6m | Reduced -209.7k |
| Cape Ann Asset Management Ltd 29.37% of their portfolio | 3.5m $87.2m | Reduced -41.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.5m $86.2m | Added +377.1k |
| Ninety One UK Ltd 0.09% of their portfolio | 3.5m $86.0m | Reduced -1.9m |
| Korea Investment CORP 0.17% of their portfolio | 3.3m $81.8m | Added +2.6m |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 3.2m $80.6m | Added +232.7k |
| Quadrature Capital Ltd 0.95% of their portfolio | 3.2m $80.3m | New |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 3.1m $77.3m | Added +87.7k |
| Zurich Insurance Group Ltd/FI 0.54% of their portfolio | 3.0m $75.0m | New |
| Allspring Global Investments Holdings, LLC 0.11% of their portfolio | 2.7m $67.9m | Added +300.0k |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 8.03% of their portfolio | 2.6m $64.4m | Reduced -497.0k |
| TORONTO DOMINION BANK 0.12% of their portfolio | 2.5m $62.8m | Added +635.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 2.5m $61.4m | Reduced -6.0k |
| SPROTT INC. 2.25% of their portfolio | 2.4m $60.1m | Reduced -272.4k |
| LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio | 2.2m $54.0m | New |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 2.1m $53.1m | Reduced -2.3m |
| JUPITER ASSET MANAGEMENT LTD 0.44% of their portfolio | 2.1m $51.5m | Added +167.3k |
| Federation des caisses Desjardins du Quebec 0.20% of their portfolio | 2.1m $50.9m | Added +103.8k |
| MUFG SECURITIES (CANADA), LTD. 1.40% of their portfolio | 2.0m $49.9m | Reduced -75.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 2.0m $49.1m | Reduced -1.0m |
| ASSETMARK, INC 0.10% of their portfolio | 2.0m $48.6m | Reduced -85.8k |
| Waratah Capital Advisors Ltd. 3.16% of their portfolio | 1.9m $46.4m | Reduced -176.8k |
| Ninety One SA (Pty) Ltd 1.49% of their portfolio | 1.7m $43.2m | New |
| Hillsdale Investment Management Inc. 1.28% of their portfolio | 1.7m $42.3m | Reduced -454.8k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 1.6m $38.3m | Added +60.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.5m $38.4m | Reduced -16.8k |
| Andra AP-fonden 0.68% of their portfolio | 1.5m $53.3m | Reduced -183.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.4m $34.6m | Added +130.7k |
| AXA Investment Managers S.A. 0.09% of their portfolio | 1.4m $34.4m | First filing |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.3m $32.3m | Reduced -71.9k |
| Nuveen, LLC 0.01% of their portfolio | 1.3m $32.2m | Added +4.6k |
| TD Waterhouse Canada Inc. 0.21% of their portfolio | 1.3m $32.0m | Added +121.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $30.5m | Reduced -4.9k |
| CITIGROUP INC 0.02% of their portfolio | 1.2m $29.8m | Reduced -179.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.07% of their portfolio | 1.2m $29.5m | Reduced -2.9k |
| Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio | 1.1m $27.2m | Reduced -328.7k |
| Ninety One North America, Inc. 0.62% of their portfolio | 1.1m $26.9m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 1.1m $26.2m | Reduced -1.8m |
| TWO SIGMA ADVISERS, LP 0.05% of their portfolio | 1.0m $25.6m | Reduced -591.3k |
| Achmea Investment Management B.V. 0.31% of their portfolio | 1.0m $25.2m | Added +5.2k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 1.0m $25.2m | Added +600.9k |
| AVIVA PLC 0.05% of their portfolio | 1.0m $24.9m | Added +94.1k |
| CREDIT AGRICOLE S A 0.08% of their portfolio | 983.0k $24.4m | First filing |
| Regal Partners Ltd 1.74% of their portfolio | 977.2k $24.3m | Added +434.0k |
| PEAK6 LLC 0.31% of their portfolio | 945.2k $23.5m | New |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 927.0k $23.0m | Reduced -2.9m |
| DekaBank Deutsche Girozentrale 0.03% of their portfolio | 852.3k $20.6m | Unchanged |
| APG Asset Management N.V. 0.05% of their portfolio | 839.4k $17.7m | Unchanged |
| Triasima Portfolio Management inc. 3.05% of their portfolio | 815.0k $20.2m | Reduced -44.1k |
| Union Bancaire Privee, UBP SA 0.28% of their portfolio | 801.3k $19.6m | Reduced -151.2k |
| FORSTA AP-FONDEN 0.12% of their portfolio | 794.9k $19.7m | Added +78.3k |
| Twin Tree Management, LP 0.91% of their portfolio | 787.0k $19.6m | Reduced -169.5k |
| Hamilton Capital Partners Inc. 0.80% of their portfolio | 779.0k $19.4m | Reduced -96.5k |
| Euro Pacific Asset Management, LLC 2.02% of their portfolio | 776.4k $16.7m | Reduced -1.1m |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 745.7k $18.5m | Added +56.4k |
| Aquatic Capital Management LLC 0.34% of their portfolio | 734.1k $18.2m | First filing |
| State of Tennessee, Department of Treasury 0.06% of their portfolio | 731.3k $18.2m | Unchanged |
| Alberta Investment Management Corp 0.13% of their portfolio | 718.6k $17.8m | Reduced -222.0k |
| Groupe la Francaise 0.24% of their portfolio | 714.1k $17.7m | Added +36.1k |
| Mediolanum International Funds Ltd 0.18% of their portfolio | 712.2k $17.3m | Added +70.1k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.10% of their portfolio | 699.4k $17.4m | Added +32.8k |