SIBANYE STILLWATER LTD SBSW
SPONSORED ADR · ADR · CUSIP 82575P107 · ISIN US82575P1075
The largest individual producer of gold from South Africa
- SectorMaterials
- IndustryGold and Silver Ores
- HeadquartersMeđreč, South Africa
- Founded2012
- Websitesibanyestillwater.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 ($2.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.56. Options: 23 managers hold calls ($56.3m notional), 13 hold puts ($30.1m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 186 |
| Q4 2022 | 209 |
| Q1 2023 | 206 |
| Q2 2023 | 199 |
| Q3 2023 | 188 |
| Q4 2023 | 202 |
| Q1 2024 | 197 |
| Q2 2024 | 201 |
| Q3 2024 | 183 |
| Q4 2024 | 193 |
| Q1 2025 | 179 |
| Q2 2025 | 226 |
| Q3 2025 | 244 |
| Q4 2025 | 270 |
| Q1 2026 | 273 |
| Q2 2026 | 257 |
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 2024 | 87 | 110 |
| Q4 2024 | 91 | 84 |
| Q1 2025 | 89 | 93 |
| Q2 2025 | 131 | 84 |
| Q3 2025 | 149 | 103 |
| Q4 2025 | 140 | 116 |
| Q1 2026 | 167 | 118 |
| Q2 2026 | 123 | 143 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $148.7m | $85.3m | 0.57 |
| Q4 2025 | $165.9m | $104.7m | 0.63 |
| Q1 2026 | $113.8m | $53.7m | 0.47 |
| Q2 2026 | $56.3m | $30.1m | 0.53 |
Biggest buyers
| Nuveen, LLC | New | +2.5m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +2.3m |
| Assenagon Asset Management S.A. | New | +2.1m |
| MARSHALL WACE, LLP | Added | +1.7m |
| JANE STREET GROUP, LLC | Added | +1.7m |
| UBS Group AG | Added | +1.5m |
| Qube Research & Technologies Ltd | Added | +1.4m |
| Bridgewater Associates, LP | Added | +1.3m |
| TSP Capital Management Group, LLC | New | +1.1m |
| TWO SIGMA INVESTMENTS, LP | Added | +969.9k |
Biggest sellers
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -6.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Sold out | -3.3m |
| JPMORGAN CHASE & CO | Reduced | -3.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -2.8m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -2.3m |
| MORGAN STANLEY | Reduced | -2.0m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -1.4m |
| TSP Capital Management Group, LLC | Sold out | -972.4k |
| CITADEL ADVISORS LLC | Reduced | -824.1k |
| PANAGORA ASSET MANAGEMENT INC | Reduced | -772.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $12.5m1.5m shares |
| CITADEL ADVISORS LLC | Reduced | $9.0m1.1m shares |
| GROUP ONE TRADING LLC | Reduced | $8.1m950.4k shares |
| JANE STREET GROUP, LLC | Added | $7.4m876.5k shares |
| Converium Capital Inc. | Unchanged | $3.4m400.0k shares |
| Walleye Capital LLC | Added | $3.1m366.6k shares |
| Squarepoint Ops LLC | Added | $2.6m302.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.3m276.3k shares |
| IMC-Chicago, LLC | Reduced | $1.5m177.9k shares |
| Walleye Trading LLC | Reduced | $946.6k111.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.9m927.3k shares |
| CITADEL ADVISORS LLC | Added | $4.9m580.6k shares |
| GROUP ONE TRADING LLC | Reduced | $4.3m500.7k shares |
| JANE STREET GROUP, LLC | Reduced | $2.9m343.1k shares |
| SIMPLEX TRADING, LLC | Added | $2.9m338.6k shares |
| IMC-Chicago, LLC | Reduced | $2.0m241.0k shares |
| Walleye Capital LLC | Added | $1.3m153.4k shares |
| Squarepoint Ops LLC | Reduced | $1.1m135.4k shares |
| TWO SIGMA INVESTMENTS, LP | Unchanged | $887.2k104.5k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $783.6k92.3k 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 |
|---|---|
| Lingotto Investment Management LLP 13G · passive investor filed 2026-05-15 | 5.3% |
| BlackRock, Inc. 13G · institution new · filed 2026-07-30 | 5.0% |
Fell to 5% or below in the last year: JPMORGAN CHASE & CO (4.7%, 2026-01-16)
Insider purchases and sales since 1 Apr 2026
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 5 | $2.1m | 0 | — | — |
| Q2 2026 | 2 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-30 | Menell Richard Peter Director | Bought | —15.0k shares |
| 2026-06-26 | Keyter Charl Chief Financial Officer, director | Bought | —200.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Lingotto Investment Management LLP 3.49% of their portfolio | 19.1m $162.0m | Reduced -500.0k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 7.3m $61.8m | Added +969.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 6.1m $51.5m | Reduced -2.8m |
| Bridgewater Associates, LP 0.20% of their portfolio | 5.7m $48.3m | Added +1.3m |
| UBS Group AG 0.01% of their portfolio | 5.4m $45.6m | Added +1.5m |
| Condire Management, LP 4.73% of their portfolio | 5.2m $44.5m | Unchanged |
| Goehring & Rozencwajg Associates, LLC 2.24% of their portfolio | 4.6m $38.9m | Added +310.7k |
| MORGAN STANLEY 0.00% of their portfolio | 4.6m $38.9m | Reduced -2.0m |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 4.4m $37.7m | Reduced -612.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 4.1m $34.8m | Added +2.3m |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 3.3m $27.7m | Added +263.5k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 3.0m $25.2m | Added +1.7m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 2.7m $22.6m | Reduced -384.2k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 2.6m $22.1m | Added +1.7m |
| Nuveen, LLC 0.01% of their portfolio | 2.5m $21.3m | New |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 2.4m $20.2m | Added +1.4m |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 2.3m $19.8m | Reduced -201.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 2.3m $19.7m | Reduced -439.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.3m $19.4m | Reduced -76.5k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 2.1m $18.3m | New |
| Allianz Asset Management GmbH 0.03% of their portfolio | 2.1m $26.1m | Unchanged |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 2.1m $18.0m | Added +589.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 2.1m $17.5m | Reduced -2.3m |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 1.8m $15.4m | Reduced -6.5m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.8m $15.4m | Reduced -3.3m |
| Jump Financial, LLC 0.13% of their portfolio | 1.8m $15.0m | Added +411.8k |
| Man Group plc 0.03% of their portfolio | 1.7m $14.5m | Reduced -246.0k |
| MAC Alpha Capital Management, LP 6.24% of their portfolio | 1.6m $13.5m | Added +712.5k |
| TSP Capital Management Group, LLC 2.23% of their portfolio | 1.1m $9.3m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.1m $9.1m | Added +3.3k |
| BlackRock, Inc. 0.00% of their portfolio | 984.8k $8.4m | Reduced -29.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 967.3k $8.2m | Added +660.3k |
| CAPITAL FUND MANAGEMENT S.A. 0.06% of their portfolio | 924.6k $7.8m | Added +552.9k |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 904.2k $7.7m | Reduced -772.1k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 881.9k $7.5m | Added +355.3k |
| BlueCrest Capital Management Ltd 0.28% of their portfolio | 763.1k $6.5m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 762.8k $6.5m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 632.1k $5.4m | Added +99.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 549.3k $4.7m | Reduced -824.1k |
| Engineers Gate Manager LP 0.06% of their portfolio | 518.7k $4.4m | Added +209.8k |
| Trexquant Investment LP 0.03% of their portfolio | 501.4k $4.3m | Added +27.5k |
| J. Safra Sarasin Holding AG 0.06% of their portfolio | 481.0k $4.1m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 461.3k $3.9m | Reduced -1.4m |
| BCGM Wealth Management, LLC 0.78% of their portfolio | 435.2k $3.7m | Added +6.5k |
| Glenorchy Capital Ltd 2.02% of their portfolio | 380.5k $3.2m | Added +2.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 327.3k $2.8m | Reduced -101.8k |
| HRT FINANCIAL LP 0.01% of their portfolio | 321.4k $2.7m | Reduced -72.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 317.0k $2.7m | Added +132.2k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 316.1k $2.7m | Reduced -632.0k |
| Stanley-Laman Group, Ltd. 0.27% of their portfolio | 310.6k $2.6m | Added +2.0k |
| Quantinno Capital Management LP 0.00% of their portfolio | 276.8k $2.4m | Added +164.6k |
| U S GLOBAL INVESTORS INC 0.22% of their portfolio | 275.0k $2.3m | Unchanged |
| SIMPLEX TRADING, LLC 0.06% of their portfolio | 270.8k $2.3m | Added +34.5k |
| GROUP ONE TRADING LLC 0.07% of their portfolio | 268.4k $2.3m | Reduced -274.9k |
| Squarepoint Ops LLC 0.00% of their portfolio | 262.6k $2.2m | Added +41.0k |
| Creative Planning 0.00% of their portfolio | 250.4k $2.1m | Reduced -32.7k |
| Diversify Advisory Services, LLC 0.03% of their portfolio | 233.2k $2.0m | New |
| DIVERSIFY WEALTH MANAGEMENT, LLC 0.03% of their portfolio | 233.2k $2.0m | Added +27.7k |
| LPL Financial LLC 0.00% of their portfolio | 224.8k $1.9m | Reduced -138.9k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 210.1k $1.8m | Reduced -50.3k |
| Moran Wealth Management, LLC 0.05% of their portfolio | 204.2k $1.7m | Reduced -3.2k |
| IMC-Chicago, LLC 0.02% of their portfolio | 204.1k $1.7m | Added +121.5k |
| XTX Topco Ltd 0.02% of their portfolio | 199.8k $1.7m | Added +112.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 199.7k $1.7m | Reduced -59.0k |
| Erste Asset Management GmbH 0.01% of their portfolio | 197.5k $1.7m | Added +33.6k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 193.9k $1.7m | Reduced -283.6k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 188.5k $1.6m | Reduced -208 |
| Pathstone Holdings, LLC 0.00% of their portfolio | 186.9k $1.6m | Reduced -4.6k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 179.8k $1.5m | Reduced -61.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 179.2k $1.5m | Reduced -60.2k |
| Foster Group, Inc. 0.04% of their portfolio | 176.3k $1.5m | Unchanged |
| De Lisle Partners LLP 0.16% of their portfolio | 170.0k $1.4m | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 169.8k $1.4m | Reduced -698.7k |
| INSIGNEO ADVISORY SERVICES, LLC 0.05% of their portfolio | 169.4k $1.4m | New |
| Headlands Technologies LLC 0.14% of their portfolio | 156.8k $1.3m | Added +11.3k |
| Cetera Investment Advisers 0.00% of their portfolio | 155.3k $1.3m | Reduced -122.7k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 153.8k $1.3m | Reduced -132.5k |
| Ramirez Asset Management, Inc. 0.12% of their portfolio | 139.6k $1.2m | Added +94.3k |
| Mariner, LLC 0.00% of their portfolio | 138.3k $1.2m | Reduced -1.3k |
| OLD MISSION CAPITAL LLC 0.03% of their portfolio | 126.0k $1.1m | Reduced -30.1k |
| Savant Capital, LLC 0.00% of their portfolio | 120.9k $1.3m | Added +58.4k |
| Nokomis Capital, L.L.C. 0.38% of their portfolio | 120.7k $1.0m | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 118.5k $1.0m | Added +176 |
| Turas Capital Management LP 0.45% of their portfolio | 115.9k $983.7k | New |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 115.4k $979.7k | Reduced -128.0k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 103.6k $880.0k | Reduced -31.6k |
| Cadence Wealth Management LLC 0.39% of their portfolio | 102.8k $872.9k | Added +11.7k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 102.7k $872.0k | Added +5.7k |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 100.5k $853.6k | Reduced -94.7k |
| Empowered Funds, LLC 0.00% of their portfolio | 99.4k $844.2k | Added +23.3k |
| Caitong International Asset Management Co., Ltd 0.11% of their portfolio | 96.0k $815.3k | Added +68.8k |
| Blueshift Asset Management, LLC 0.19% of their portfolio | 94.7k $803.8k | Added +45.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 91.3k $775.1k | Reduced -71.9k |
| X-Square Capital, LLC 0.16% of their portfolio | 75.0k $637.0k | New |
| Diametric Capital, LP 0.07% of their portfolio | 74.4k $631.6k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 73.3k $622.0k | Added +56.1k |
| PROFUND ADVISORS LLC 0.02% of their portfolio | 72.5k $615.5k | Reduced -19.1k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 69.3k $588.4k | Added +1.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 64.3k $545.7k | Reduced -486.5k |
| Essex Financial Services, Inc. 0.03% of their portfolio | 61.3k $520.0k | Added +217 |