LARGO INC LGO
COM · Common Stock · CUSIP 517097101 · ISIN CA5170971017
- SectorMaterials
- IndustryMining & Quarrying of Nonmetallic Minerals (No Fuels)
- 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 ($146 this quarter). Holder counts are more reliable. Shares outstanding: 64.1m 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 ≈ $2.09. Options: 3 managers hold calls ($116.2k notional), 4 hold puts ($9.6k).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 55 |
| Q4 2022 | 47 |
| Q1 2023 | 44 |
| Q2 2023 | 45 |
| Q3 2023 | 43 |
| Q4 2023 | 41 |
| Q1 2024 | 35 |
| Q2 2024 | 41 |
| Q3 2024 | 38 |
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 2022 | 12 | 27 |
| Q1 2023 | 17 | 11 |
| Q2 2023 | 16 | 12 |
| Q3 2023 | 13 | 18 |
| Q4 2023 | 16 | 14 |
| Q1 2024 | 9 | 16 |
| Q2 2024 | 15 | 10 |
| Q3 2024 | 11 | 14 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $40.0k | $61.8k | 1.55 |
| Q1 2024 | $12.7k | $45.7k | 3.60 |
| Q2 2024 | $119.1k | $62.3k | 0.52 |
| Q3 2024 | $116.2k | $9.6k | 0.08 |
Biggest buyers
| Russell Investments Group, Ltd. | Added | +222.3k |
| SPROTT INC. | Added | +151.3k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +16.8k |
| CITADEL ADVISORS LLC | Added | +15.2k |
| XTX Topco Ltd | New | +15.1k |
| BANK OF AMERICA CORP /DE/ | Added | +4.7k |
| CIBC WORLD MARKET INC. | Added | +400 |
| WELLS FARGO & COMPANY/MN | New | +400 |
| BNP PARIBAS | New | +200 |
| NATIONAL BANK OF CANADA /FI/ | Added | +86 |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -89.3k |
| BARCLAYS PLC | Sold out | -56.1k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -53.0k |
| MORGAN STANLEY | Reduced | -16.6k |
| UBS Group AG | Reduced | -16.0k |
| JANE STREET GROUP, LLC | Sold out | -10.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -10.5k |
| SIMPLEX TRADING, LLC | Reduced | -5.4k |
| Banco BTG Pactual S.A. | Reduced | -4.0k |
| ROYAL BANK OF CANADA | Reduced | -1.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $114.1k54.6k shares |
| CITADEL ADVISORS LLC | Reduced | $2.1k1.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $6.9k3.3k shares |
| GROUP ONE TRADING LLC | Added | $2.7k1.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| SIMPLEX TRADING, LLC | Reduced | $0300 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 |
|---|---|
| Arias Resource Capital GP Ltd. 13G · exempt (held before listing) filed 2026-02-11 | 43.1% |
| West Family Investments, Inc. 13G · passive investor filed 2025-11-12 | 5.2% |
Insider purchases and sales in Q3 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 Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| Arias Resource Capital GP Ltd. 100.00% of their portfolio | 28.0m $58.6m | Unchanged |
| West Family Investments, Inc. 3.99% of their portfolio | 5.6m $11.7m | Unchanged |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.03% of their portfolio | 5.3m $11.1m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 400.3k $836.7k | Reduced -89.3k |
| SPROTT INC. 0.05% of their portfolio | 395.9k $827.8k | Added +151.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 237.3k $498.9k | Added +222.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 60.7k $126.9k | Added +16.8k |
| Cresset Asset Management, LLC 0.00% of their portfolio | 50.0k $104.5k | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 35.9k $75.0k | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 32.0k $67.0k | Reduced -14 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 24.4k $50.9k | Added +15.2k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 21.8k $46.0k | Added +400 |
| Banco BTG Pactual S.A. 0.01% of their portfolio | 20.0k $41.8k | Reduced -4.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 16.9k $35.3k | Unchanged |
| XTX Topco Ltd 0.00% of their portfolio | 15.1k $31.6k | New |
| Compagnie Lombard Odier SCmA 0.00% of their portfolio | 14.4k $30.2k | Unchanged |
| Solidarity Wealth, LLC 0.01% of their portfolio | 14.0k $29.5k | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 12.8k $26.7k | Added +12 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 10.9k $23.0k | Reduced -1.0k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 7.6k $15.0k | Reduced -5.4k |
| Leonteq Securities AG 0.00% of their portfolio | 6.8k $19.3k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 6.6k $13.7k | Reduced -16.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 5.8k $12.0k | Added +4.7k |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 3.6k $7.5k | Reduced -300 |
| US BANCORP \DE\ 0.00% of their portfolio | 2.0k $4.2k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 1.7k $3.5k | Reduced -16.0k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 1.4k $2.9k | Added +86 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.2k $2.6k | Unchanged |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 1.2k $2.6k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 683 $1.4k | Reduced -736 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 400 $840 | New |
| THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.00% of their portfolio | 300 $627 | Unchanged |
| BNP PARIBAS 0.00% of their portfolio | 200 $420 | New |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 186 $389 | Unchanged |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 73 $146 | Unchanged |
| CGC Financial Services, LLC 0.00% of their portfolio | 20 $42 | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 10 $0 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |