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. Holder counts are more reliable. Implied quarter-end price ≈ $6.27. Options: 14 managers hold calls ($14.4m notional), 13 hold puts ($23.9m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 186 |
| Q4 2022 | 209 |
| Q1 2023 | 206 |
| Q2 2023 | 199 |
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 | 98 | 85 |
| Q1 2023 | 100 | 89 |
| Q2 2023 | 93 | 91 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $43.5m | $34.9m | 0.80 |
| Q4 2022 | $50.3m | $32.3m | 0.64 |
| Q1 2023 | $25.9m | $29.3m | 1.13 |
| Q2 2023 | $14.4m | $23.9m | 1.66 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +2.3m |
| Grantham, Mayo, Van Otterloo & Co. LLC | Added | +1.7m |
| GOLDMAN SACHS GROUP INC | Added | +912.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +908.8k |
| MARSHALL WACE, LLP | Added | +785.5k |
| Invesco Ltd. | Added | +767.6k |
| Monaco Asset Management SAM | Added | +385.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +298.1k |
| RAYMOND JAMES & ASSOCIATES | Added | +282.6k |
| TWO SIGMA INVESTMENTS, LP | Added | +277.4k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -1.2m |
| Scion Asset Management, LLC | Sold out | -800.0k |
| MORGAN STANLEY | Reduced | -797.0k |
| SPROTT INC. | Reduced | -702.2k |
| CREDIT SUISSE AG/ | Reduced | -556.0k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -392.6k |
| Lloyd Harbor Capital Management, LLC | Sold out | -375.0k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -295.3k |
| WEXFORD CAPITAL LP | Reduced | -286.6k |
| Trexquant Investment LP | Reduced | -217.8k |
Biggest calls
| Jefferies Financial Group Inc. | Unchanged | $5.2m834.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.7m434.1k shares |
| GROUP ONE TRADING LLC | Added | $2.2m358.2k shares |
| JANE STREET GROUP, LLC | Added | $1.8m289.5k shares |
| CITADEL ADVISORS LLC | Added | $1.2m186.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $668.8k107.7k shares |
| SIMPLEX TRADING, LLC | Added | $338.0k54.3k shares |
| Squarepoint Ops LLC | Reduced | $230.9k37.0k shares |
| UBS Group AG | New | $31.2k5.0k shares |
| Parallax Volatility Advisers, L.P. | New | $17.5k2.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.6m1.1m shares |
| GOLDMAN SACHS GROUP INC | New | $5.8m926.1k shares |
| GROUP ONE TRADING LLC | Reduced | $4.1m664.4k shares |
| CITADEL ADVISORS LLC | Reduced | $2.6m413.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.6m257.4k shares |
| Parallax Volatility Advisers, L.P. | New | $1.1m169.8k shares |
| Squarepoint Ops LLC | Unchanged | $781.2k125.2k shares |
| JANE STREET GROUP, LLC | Reduced | $539.6k87.6k shares |
| Walleye Trading LLC | Reduced | $366.9k58.8k shares |
| WOLVERINE TRADING, LLC | Added | $331.0k53.3k 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 in Q2 2023
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 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 4.2m $26.3m | Reduced -295.3k |
| Condire Management, LP 4.77% of their portfolio | 3.8m $23.7m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 3.8m $23.6m | Added +123.6k |
| Invesco Ltd. 0.01% of their portfolio | 3.7m $23.0m | Added +767.6k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 3.2m $19.7m | Added +785.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 3.1m $19.4m | Added +912.0k |
| VAN ECK ASSOCIATES CORP 0.04% of their portfolio | 3.0m $18.8m | Reduced -112.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.08% of their portfolio | 2.7m $16.6m | Added +1.7m |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 2.3m $14.6m | Added +2.3m |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.9m $12.0m | Added +37.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 1.6m $10.2m | Added +908.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.6m $10.2m | Reduced -1.2m |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 1.6m $10.2m | Added +282.6k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $8.3m | Reduced -797.0k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.14% of their portfolio | 1.2m $7.7m | Unchanged |
| TSP Capital Management Group, LLC 2.13% of their portfolio | 944.0k $5.9m | Added +5.8k |
| CI INVESTMENTS INC. 0.03% of their portfolio | 931.1k $5.8m | Reduced -55.7k |
| GREENWOOD CAPITAL ASSOCIATES LLC 0.77% of their portfolio | 880.6k $5.5m | Added +20.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 794.2k $5.0m | Added +83.8k |
| SPROTT INC. 0.43% of their portfolio | 765.0k $4.8m | Reduced -702.2k |
| U S GLOBAL INVESTORS INC 0.25% of their portfolio | 670.5k $4.2m | Added +272.0k |
| GUGGENHEIM CAPITAL LLC 0.03% of their portfolio | 618.8k $3.9m | Added +64.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 588.5k $3.7m | Reduced -65.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 582.8k $3.6m | Added +298.1k |
| Monaco Asset Management SAM 1.71% of their portfolio | 509.4k $3.2m | Added +385.0k |
| GROUP ONE TRADING LLC 0.13% of their portfolio | 504.1k $3.1m | Reduced -143.1k |
| Jump Financial, LLC 0.11% of their portfolio | 489.6k $3.1m | Added +66.5k |
| AXA S.A. 0.01% of their portfolio | 479.4k $3.0m | Added +56.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 318.7k $2.0m | Reduced -35.5k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 315.9k $2.0m | Added +10.1k |
| UBS Group AG 0.00% of their portfolio | 294.4k $1.8m | Reduced -65.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 292.6k $1.8m | Added +277.4k |
| Amundi 0.00% of their portfolio | 278.0k $1.8m | Unchanged |
| Merk Investments LLC 2.68% of their portfolio | 273.0k $3.4m | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 261.5k $1.6m | Added +70.9k |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 251.3k $1.6m | Reduced -131.8k |
| BCGM Wealth Management, LLC 0.65% of their portfolio | 236.6k $1.5m | Added +98.1k |
| SIMPLEX TRADING, LLC 0.06% of their portfolio | 210.8k $1.3m | Reduced -86.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 189.4k $1.2m | Reduced -81.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 170.6k $1.1m | Reduced -55.5k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 167.9k $1.0m | Added +131.3k |
| Bramshill Investments, LLC 0.09% of their portfolio | 167.4k $1.0m | Reduced -2.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 166.6k $1.0m | New |
| Parallax Volatility Advisers, L.P. 0.03% of their portfolio | 153.3k $956.5k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 152.2k $937.3k | Reduced -45.8k |
| Y-Intercept (Hong Kong) Ltd 0.10% of their portfolio | 147.1k $918.0k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 137.2k $856.1k | Added +121.7k |
| TWO SIGMA SECURITIES, LLC 0.07% of their portfolio | 134.2k $837.2k | Added +113.5k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 126.9k $791.9k | Reduced -30.7k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 117.7k $734.4k | Added +12.8k |
| Parker Investment Management, LLC 0.15% of their portfolio | 116.3k $725.7k | Added +68.3k |
| Verdad Advisers, LP 1.12% of their portfolio | 115.0k $717.6k | Unchanged |
| WEXFORD CAPITAL LP 0.14% of their portfolio | 114.8k $716.2k | Reduced -286.6k |
| SG Americas Securities, LLC 0.01% of their portfolio | 114.6k $715.0k | Added +9.4k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 109.3k $681.8k | New |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 106.1k $662.1k | Reduced -556.0k |
| Virtus Investment Advisers, LLC 0.45% of their portfolio | 105.6k $659.0k | Reduced -66.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 97.4k $608.0k | Reduced -51.7k |
| Leonteq Securities AG 0.06% of their portfolio | 93.7k $584.5k | Added +20.2k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 90.3k $563.0k | Added +16.6k |
| LPL Financial LLC 0.00% of their portfolio | 85.6k $533.9k | Added +38.7k |
| Dynamic Technology Lab Private Ltd 0.07% of their portfolio | 85.0k $531.0k | Added +30.1k |
| Virtu Financial LLC 0.04% of their portfolio | 80.2k $501.0k | Added +14.7k |
| Trellus Management Company, LLC 0.77% of their portfolio | 80.0k $499.2k | Unchanged |
| Arlington Partners LLC 0.08% of their portfolio | 80.0k $499.2k | Unchanged |
| Vident Investment Advisory, LLC 0.02% of their portfolio | 79.3k $494.8k | Added +35.0k |
| Brevan Howard Capital Management LP 0.09% of their portfolio | 78.0k $486.8k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 75.0k $468.0k | Reduced -5.1k |
| Perpetual Ltd 0.00% of their portfolio | 74.3k $463.7k | Added +40.3k |
| PROFUND ADVISORS LLC 0.02% of their portfolio | 73.0k $455.3k | Added +2.2k |
| XTX Topco Ltd 0.08% of their portfolio | 71.0k $443.3k | Added +44.2k |
| GTS SECURITIES LLC 0.01% of their portfolio | 70.8k $442.0k | First filing |
| Advisory Services Network, LLC 0.01% of their portfolio | 69.6k $434.6k | Added +968 |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 65.5k $408.7k | New |
| Mandatum Life Insurance Co Ltd 0.17% of their portfolio | 64.2k $400.3k | Reduced -1.0k |
| STRS OHIO 0.00% of their portfolio | 64.0k $399.0k | Reduced -128.0k |
| AXQ CAPITAL, LP 0.49% of their portfolio | 63.8k $398.1k | Added +21.7k |
| FIL Ltd 0.00% of their portfolio | 55.7k $347.6k | New |
| Pekin Hardy Strauss, Inc. 0.05% of their portfolio | 55.1k $343.7k | Reduced -32.0k |
| RITHOLTZ WEALTH MANAGEMENT 0.02% of their portfolio | 53.6k $334.6k | Reduced -4.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 53.2k $332.2k | Reduced -12.3k |
| HRT FINANCIAL LP 0.00% of their portfolio | 52.8k $329.0k | New |
| CITIGROUP INC 0.00% of their portfolio | 51.4k $320.6k | Added +20.8k |
| CSS LLC/IL 0.02% of their portfolio | 49.6k $309.5k | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 46.8k $345.0k | Reduced -39.0k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 45.5k $284.0k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 45.4k $283.4k | Added +12.0k |
| WOLVERINE TRADING, LLC 0.00% of their portfolio | 44.0k $273.4k | Added +2.8k |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 43.4k $271.0k | Added +7.4k |
| Aigen Investment Management, LP 0.04% of their portfolio | 40.7k $254.3k | Added +21.0k |
| Aquatic Capital Management LLC 0.01% of their portfolio | 39.2k $245.0k | Added +38.9k |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 39.0k $240.0k | Unchanged |
| Larson Financial Group LLC 0.02% of their portfolio | 38.1k $237.9k | Reduced -1.4k |
| Crossmark Global Holdings, Inc. 0.01% of their portfolio | 38.1k $286.0k | Reduced -600 |
| Bayesian Capital Management, LP 0.02% of their portfolio | 35.9k $224.1k | Added +21.3k |
| CQS (US), LLC 0.03% of their portfolio | 35.0k $218.4k | Unchanged |
| Pacer Advisors, Inc. 0.00% of their portfolio | 34.0k $212.4k | Reduced -15.7k |
| Ethic Inc. 0.01% of their portfolio | 33.9k $211.3k | Added +3.2k |
| ENCOMPASS WEALTH ADVISORS, LLC 0.07% of their portfolio | 33.5k $209.0k | New |
| Altrafin AG 0.09% of their portfolio | 32.0k $199.7k | Unchanged |