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 ($53.5m 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 ≈ $28.30. Options: 25 managers hold calls ($291.0m notional), 23 hold puts ($220.0m).
Trends to Q4 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 |
| Q4 2025 | 628 |
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 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 |
| Q4 2025 | 277 | 270 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $98.6m | $40.1m | 0.41 |
| Q2 2025 | $236.3m | $68.9m | 0.29 |
| Q3 2025 | $313.3m | $158.4m | 0.51 |
| Q4 2025 | $291.0m | $220.0m | 0.76 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +6.6m |
| FMR LLC | Added | +5.6m |
| MACKENZIE FINANCIAL CORP | Added | +2.9m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +2.6m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +1.5m |
| FIL Ltd | Added | +1.3m |
| MORGAN STANLEY | Added | +1.1m |
| TORONTO DOMINION BANK | Added | +951.1k |
| Point72 Asset Management, L.P. | New | +920.7k |
| Man Group plc | Added | +882.4k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -10.3m |
| Boston Partners | Reduced | -7.1m |
| VAN ECK ASSOCIATES CORP | Reduced | -6.1m |
| BANK OF NOVA SCOTIA | Reduced | -2.9m |
| Quadrature Capital Ltd | Reduced | -2.8m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -2.6m |
| Ninety One UK Ltd | Reduced | -2.4m |
| Zurich Insurance Group Ltd/FI | Reduced | -2.0m |
| ROYAL BANK OF CANADA | Reduced | -2.0m |
| Korea Investment CORP | Reduced | -2.0m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $84.3m3.0m shares |
| CITADEL ADVISORS LLC | Reduced | $31.5m1.1m shares |
| Point72 Asset Management, L.P. | New | $19.7m699.7k shares |
| IMC-Chicago, LLC | Added | $19.6m694.7k shares |
| SIG North Trading, ULC | Added | $17.5m620.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $15.2m541.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $14.1m501.0k shares |
| JANE STREET GROUP, LLC | Added | $13.3m471.3k shares |
| Walleye Capital LLC | Added | $10.7m378.6k shares |
| Twin Tree Management, LP | Added | $8.5m302.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $38.0m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $36.6m1.3m shares |
| JANE STREET GROUP, LLC | Added | $25.6m908.6k shares |
| Verition Fund Management LLC | Added | $21.8m772.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $15.1m537.4k shares |
| Twin Tree Management, LP | Added | $13.9m493.9k shares |
| Walleye Capital LLC | Reduced | $11.3m400.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $10.3m364.4k shares |
| IMC-Chicago, LLC | Added | $9.7m345.2k shares |
| PEAK6 LLC | Added | $7.4m264.2k 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 Q4 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 Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 2.37% of their portfolio | 101.9m $2.9bn | Reduced -6.1m |
| VANGUARD GROUP INC 0.02% of their portfolio | 50.9m $1.4bn | Added +148.8k |
| Boston Partners 1.16% of their portfolio | 38.1m $1.1bn | Reduced -7.1m |
| ROYAL BANK OF CANADA 0.15% of their portfolio | 30.4m $855.0m | Reduced -2.0m |
| FIL Ltd 0.61% of their portfolio | 29.1m $821.0m | Added +1.3m |
| RENAISSANCE TECHNOLOGIES LLC 1.09% of their portfolio | 25.0m $703.3m | Reduced -1.1m |
| NORGES BANK 0.06% of their portfolio | 18.4m $518.7m | Not comparable |
| FMR LLC 0.02% of their portfolio | 14.7m $413.2m | Added +5.6m |
| MACKENZIE FINANCIAL CORP 0.49% of their portfolio | 14.6m $417.1m | Added +2.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 13.0m $383.7m | Added +701.6k |
| Man Group plc 0.67% of their portfolio | 12.5m $352.8m | Added +882.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.91% of their portfolio | 12.3m $345.7m | Reduced -1.8m |
| MORGAN STANLEY 0.02% of their portfolio | 11.7m $329.8m | Added +1.1m |
| BANK OF MONTREAL /CAN/ 0.12% of their portfolio | 10.7m $302.5m | Reduced -1.6m |
| Legal & General Group Plc 0.07% of their portfolio | 10.7m $300.4m | Added +815.0k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 10.2m $286.5m | Reduced -1.3m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 9.7m $274.0m | Added +782.1k |
| First Eagle Investment Management, LLC 0.46% of their portfolio | 9.2m $259.9m | Reduced -886.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.21% of their portfolio | 9.2m $258.5m | Reduced -1.5m |
| AustralianSuper Pty Ltd 1.17% of their portfolio | 8.9m $251.5m | Reduced -267.3k |
| NATIONAL BANK OF CANADA /FI/ 0.26% of their portfolio | 8.9m $251.2m | Reduced -2.6m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 8.9m $250.4m | Reduced -10.3m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.17% of their portfolio | 8.8m $248.3m | Added +2.6m |
| Invesco Ltd. 0.02% of their portfolio | 8.3m $232.7m | Added +463.0k |
| CIBC WORLD MARKET INC. 0.42% of their portfolio | 8.3m $232.6m | Added +3.4k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 7.9m $222.6m | Added +681.7k |
| Allianz Asset Management GmbH 0.24% of their portfolio | 7.4m $210.1m | Reduced -156.1k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 7.2m $202.4m | Reduced -1.0m |
| 1832 Asset Management L.P. 0.25% of their portfolio | 7.0m $196.9m | Reduced -197.5k |
| AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 6.7m $189.8m | Added +6.6m |
| Amundi 0.05% of their portfolio | 6.3m $177.3m | Added +108.4k |
| CI INVESTMENTS INC. 0.77% of their portfolio | 6.2m $175.0m | Reduced -536.9k |
| BlackRock, Inc. 0.00% of their portfolio | 6.0m $168.7m | Reduced -890.3k |
| TD Asset Management Inc 0.13% of their portfolio | 5.9m $165.8m | Added +261.9k |
| Artemis Investment Management LLP 1.94% of their portfolio | 5.7m $160.6m | Reduced -1.8m |
| CIBC Asset Management Inc 0.37% of their portfolio | 5.5m $153.9m | Added +692.2k |
| BANK OF NOVA SCOTIA 0.22% of their portfolio | 5.3m $148.8m | Reduced -2.9m |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 5.2m $146.9m | Added +54.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 3.9m $110.4m | Added +273.0k |
| Cape Ann Asset Management Ltd 27.10% of their portfolio | 3.5m $99.6m | Added +30.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 3.5m $99.3m | Added +45.6k |
| TORONTO DOMINION BANK 0.17% of their portfolio | 3.5m $98.1m | Added +951.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 3.5m $98.1m | Added +220.4k |
| UBS Group AG 0.02% of their portfolio | 3.4m $97.0m | Reduced -832.3k |
| Swiss National Bank 0.05% of their portfolio | 3.2m $90.7m | Reduced -316.0k |
| GABELLI FUNDS LLC 0.56% of their portfolio | 3.0m $83.2m | Reduced -843.8k |
| Allspring Global Investments Holdings, LLC 0.13% of their portfolio | 2.8m $78.5m | Added +50.0k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 2.7m $76.2m | Added +568.4k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 2.6m $73.3m | Reduced -515.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 2.5m $72.4m | Added +12.7k |
| LAZARD ASSET MANAGEMENT LLC 0.12% of their portfolio | 2.4m $68.9m | Added +272.1k |
| SPROTT INC. 2.21% of their portfolio | 2.2m $61.6m | Reduced -228.6k |
| Waratah Capital Advisors Ltd. 4.53% of their portfolio | 2.1m $59.6m | Added +245.7k |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 6.84% of their portfolio | 2.1m $59.5m | Reduced -476.8k |
| ASSETMARK, INC 0.12% of their portfolio | 2.0m $56.7m | Added +55.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 2.0m $55.4m | Reduced -10.6k |
| Federation des caisses Desjardins du Quebec 0.20% of their portfolio | 1.9m $53.4m | Reduced -159.2k |
| MUFG SECURITIES (CANADA), LTD. 1.44% of their portfolio | 1.8m $51.8m | Reduced -172.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.6m $43.7m | Added +7.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio | 1.5m $51.0m | Added +1.5m |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.4m $40.0m | Added +23.4k |
| JUPITER ASSET MANAGEMENT LTD 0.32% of their portfolio | 1.4m $39.4m | Reduced -676.8k |
| Andra AP-fonden 0.66% of their portfolio | 1.4m $53.7m | Reduced -154.3k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.4m $51.8m | Added +823.5k |
| Hillsdale Investment Management Inc. 1.05% of their portfolio | 1.3m $38.1m | Reduced -354.4k |
| Korea Investment CORP 0.07% of their portfolio | 1.3m $37.7m | Reduced -2.0m |
| Nuveen, LLC 0.01% of their portfolio | 1.3m $36.3m | Reduced -8.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.07% of their portfolio | 1.2m $34.6m | Added +40.8k |
| CITIGROUP INC 0.02% of their portfolio | 1.2m $34.2m | Added +12.5k |
| TD Waterhouse Canada Inc. 0.21% of their portfolio | 1.2m $34.0m | Reduced -50.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $34.0m | Reduced -18.0k |
| BARCLAYS PLC 0.01% of their portfolio | 1.1m $32.2m | Added +697.8k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 1.1m $30.5m | Reduced -491.4k |
| AVIVA PLC 0.05% of their portfolio | 1.1m $29.7m | Added +49.5k |
| Ninety One UK Ltd 0.06% of their portfolio | 1.0m $28.9m | Reduced -2.4m |
| Zurich Insurance Group Ltd/FI 0.19% of their portfolio | 984.1k $27.7m | Reduced -2.0m |
| TWO SIGMA ADVISERS, LP 0.05% of their portfolio | 969.4k $27.3m | Reduced -61.2k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 920.7k $25.9m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 889.2k $25.0m | Reduced -166.7k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 876.4k $24.7m | Reduced -138.3k |
| Arbejdsmarkedets Tillaegspension 0.62% of their portfolio | 864.3k $24.3m | First filing |
| Hamilton Capital Partners Inc. 0.88% of their portfolio | 853.6k $24.0m | Added +74.6k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 852.3k $6.1m | Unchanged |
| MUFG Securities EMEA plc 0.27% of their portfolio | 830.0k $23.4m | New |
| Regal Partners Ltd 1.30% of their portfolio | 798.4k $22.5m | Reduced -178.8k |
| FORSTA AP-FONDEN 0.13% of their portfolio | 783.4k $22.1m | Reduced -11.5k |
| Triasima Portfolio Management inc. 3.27% of their portfolio | 774.3k $21.8m | Reduced -40.7k |
| Euro Pacific Asset Management, LLC 2.00% of their portfolio | 762.3k $18.0m | Reduced -14.0k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 761.3k $21.5m | Added +15.6k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.11% of their portfolio | 732.1k $20.6m | Added +59.0k |
| Union Bancaire Privee, UBP SA 0.24% of their portfolio | 729.4k $20.5m | Reduced -71.9k |
| PEAK6 LLC 0.28% of their portfolio | 726.7k $20.5m | Reduced -218.5k |
| CREDIT AGRICOLE S A 0.06% of their portfolio | 713.3k $20.1m | Reduced -269.7k |
| State of Tennessee, Department of Treasury 0.07% of their portfolio | 711.2k $22.5m | Reduced -20.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 702.9k $19.8m | Added +322.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 694.1k $19.5m | New |
| Vontobel Holding Ltd. 0.06% of their portfolio | 678.7k $19.1m | New |
| Groupe la Francaise 0.28% of their portfolio | 675.0k $19.0m | Reduced -39.1k |
| LPL Financial LLC 0.01% of their portfolio | 659.0k $18.6m | Reduced -20.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 655.9k $18.5m | Added +30.8k |