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 ($2.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $4.36. Options: 13 managers hold calls ($5.8m notional), 13 hold puts ($43.6m).
Trends to Q2 2024
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 |
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 |
| Q3 2023 | 91 | 92 |
| Q4 2023 | 109 | 77 |
| Q1 2024 | 98 | 102 |
| Q2 2024 | 121 | 77 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $16.2m | $16.6m | 1.02 |
| Q4 2023 | $15.2m | $26.6m | 1.74 |
| Q1 2024 | $8.4m | $29.5m | 3.49 |
| Q2 2024 | $5.8m | $43.6m | 7.54 |
Biggest buyers
| MARSHALL WACE, LLP | Added | +5.2m |
| Bridgewater Associates, LP | New | +3.0m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.7m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +1.7m |
| TWO SIGMA ADVISERS, LP | Added | +1.1m |
| Balyasny Asset Management L.P. | Added | +1.1m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +959.3k |
| GROUP ONE TRADING LLC | Added | +937.4k |
| Trek Financial, LLC | New | +932.0k |
| UBS Group AG | Added | +841.9k |
Biggest sellers
| MORGAN STANLEY | Reduced | -8.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -4.1m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -3.2m |
| Lloyd Harbor Capital Management, LLC | Reduced | -2.9m |
| AMERIPRISE FINANCIAL INC | Reduced | -1.9m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.4m |
| Grantham, Mayo, Van Otterloo & Co. LLC | Sold out | -1.3m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -358.7k |
| CITADEL ADVISORS LLC | Reduced | -322.0k |
| RAYMOND JAMES & ASSOCIATES | Reduced | -319.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.6m371.3k shares |
| GROUP ONE TRADING LLC | Added | $1.1m242.8k shares |
| Walleye Trading LLC | Reduced | $715.1k164.4k shares |
| SIMPLEX TRADING, LLC | Added | $564.0k129.8k shares |
| JANE STREET GROUP, LLC | Added | $529.8k121.8k shares |
| WOLVERINE TRADING, LLC | Added | $512.0k117.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $217.5k50.0k shares |
| CITADEL ADVISORS LLC | Added | $207.9k47.8k shares |
| UBS Group AG | New | $196.6k45.2k shares |
| Walleye Capital LLC | Reduced | $164.4k37.8k shares |
Biggest puts
| Portman Square Capital LLP | Added | $21.9m5.0m shares |
| GROUP ONE TRADING LLC | Added | $7.1m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.0m1.4m shares |
| CITADEL ADVISORS LLC | Added | $2.8m647.9k shares |
| TWO SIGMA INVESTMENTS, LP | Unchanged | $2.6m600.0k shares |
| SIMPLEX TRADING, LLC | Added | $2.2m495.9k shares |
| JANE STREET GROUP, LLC | Reduced | $340.2k78.2k shares |
| GTS SECURITIES LLC | Added | $301.0k69.2k shares |
| Jefferies Financial Group Inc. | New | $163.1k37.5k shares |
| WOLVERINE TRADING, LLC | Added | $148.8k34.2k 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 |
|---|---|
| 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 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 Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| Lingotto Investment Management LLP 3.33% of their portfolio | 22.8m $99.2m | Added +416.4k |
| MORGAN STANLEY 0.00% of their portfolio | 9.6m $41.9m | Reduced -8.0m |
| MARSHALL WACE, LLP 0.03% of their portfolio | 5.3m $23.1m | Added +5.2m |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 4.8m $20.8m | Added +1.7m |
| Invesco Ltd. 0.00% of their portfolio | 4.5m $19.6m | Added +5.9k |
| UBS Group AG 0.01% of their portfolio | 4.3m $18.8m | Added +841.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 4.1m $17.9m | Added +1.7m |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 4.1m $17.7m | Added +51.3k |
| Condire Management, LP 2.23% of their portfolio | 3.8m $16.5m | Unchanged |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 3.5m $15.3m | Added +1.1m |
| Slate Path Capital LP 0.27% of their portfolio | 3.1m $13.4m | Unchanged |
| Bridgewater Associates, LP 0.07% of their portfolio | 3.0m $12.9m | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 2.9m $12.8m | Reduced -358.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 2.5m $10.9m | Added +959.3k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 2.3m $9.9m | Added +1.1m |
| GROUP ONE TRADING LLC 0.24% of their portfolio | 1.8m $7.7m | Added +937.4k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 1.5m $6.7m | Reduced -319.9k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.4m $6.1m | Reduced -3.2m |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 1.3m $5.8m | Added +526.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 1.1m $4.9m | Added +90.1k |
| Hamilton Capital Partners Inc. 0.48% of their portfolio | 1.0m $4.5m | Added +132.8k |
| Cubist Systematic Strategies, LLC 0.08% of their portfolio | 1.0m $4.4m | Added +349.8k |
| Monaco Asset Management SAM 2.18% of their portfolio | 1.0m $4.3m | Added +45.6k |
| TSP Capital Management Group, LLC 1.30% of their portfolio | 950.9k $4.1m | Added +1.7k |
| Trek Financial, LLC 0.32% of their portfolio | 932.0k $4.1m | New |
| AXA S.A. 0.01% of their portfolio | 845.0k $3.7m | Added +422.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 808.8k $3.5m | Added +409.2k |
| Lloyd Harbor Capital Management, LLC 2.13% of their portfolio | 800.0k $3.5m | Reduced -2.9m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 794.1k $3.5m | Reduced -1.4m |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 751.0k $3.3m | Unchanged |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 687.3k $3.0m | Added +101.4k |
| U S GLOBAL INVESTORS INC 0.31% of their portfolio | 637.0k $3.2m | Added +20.4k |
| Jump Financial, LLC 0.05% of their portfolio | 571.8k $2.5m | Added +358.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 529.9k $2.3m | Added +310.9k |
| BlackRock Inc. 0.00% of their portfolio | 524.8k $2.3m | Added +123.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 469.4k $2.0m | Reduced -322.0k |
| SIMPLEX TRADING, LLC 0.06% of their portfolio | 459.5k $2.0m | Added +44.6k |
| GSA CAPITAL PARTNERS LLP 0.14% of their portfolio | 445.4k $1.9m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 436.9k $1.9m | Added +242.7k |
| Vident Advisory, LLC 0.05% of their portfolio | 431.1k $1.9m | Added +146.5k |
| BCGM Wealth Management, LLC 0.58% of their portfolio | 387.0k $1.7m | Added +19.6k |
| Headlands Technologies LLC 0.17% of their portfolio | 375.7k $1.6m | Added +327.8k |
| Concentric Capital Strategies, LP 0.10% of their portfolio | 363.4k $1.6m | New |
| Anthracite Investment Company, Inc. 0.73% of their portfolio | 316.5k $1.4m | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 316.5k $1.4m | Added +146.4k |
| LPL Financial LLC 0.00% of their portfolio | 309.3k $1.3m | Added +26.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 268.4k $1.2m | Reduced -4.1m |
| X-Square Capital, LLC 0.49% of their portfolio | 240.8k $1.0m | Unchanged |
| Covalis Capital LLP 0.13% of their portfolio | 227.6k $990.2k | Added +90.7k |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 208.0k $1.0m | First filing |
| GTS SECURITIES LLC 0.02% of their portfolio | 175.5k $763.3k | Added +15.0k |
| Sowell Financial Services LLC 0.04% of their portfolio | 174.9k $761.0k | Reduced -2.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 165.0k $717.7k | Reduced -198.3k |
| Hara Capital LLC 0.44% of their portfolio | 158.4k $689.1k | Reduced -13.2k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 151.7k $660.0k | Added +11.7k |
| SG Americas Securities, LLC 0.00% of their portfolio | 140.2k $610.0k | Reduced -5.5k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 138.4k $602.0k | Added +33.0k |
| Cetera Investment Advisers 0.00% of their portfolio | 137.0k $596.1k | Added +37.1k |
| Squarepoint Ops LLC 0.00% of their portfolio | 131.9k $573.9k | Added +16.5k |
| LaSalle St. Investment Advisors, LLC 0.27% of their portfolio | 126.0k $548.0k | New |
| Scientech Research LLC 0.11% of their portfolio | 120.1k $522.4k | Reduced -244 |
| Mariner, LLC 0.00% of their portfolio | 119.2k $518.3k | Added +68.6k |
| Creative Planning 0.00% of their portfolio | 118.0k $513.1k | Added +56.9k |
| Pathstone Holdings, LLC 0.00% of their portfolio | 113.0k $491.7k | Added +21.5k |
| Quantbot Technologies LP 0.02% of their portfolio | 112.4k $489.1k | Added +8.3k |
| Ethic Inc. 0.01% of their portfolio | 111.2k $483.7k | Added +21.7k |
| Maxi Investments CY Ltd 0.10% of their portfolio | 100.0k $435.0k | New |
| Mandatum Life Insurance Co Ltd 0.14% of their portfolio | 99.2k $431.4k | Added +12.2k |
| Private Advisor Group, LLC 0.00% of their portfolio | 97.6k $424.7k | Added +13.9k |
| XTX Topco Ltd 0.04% of their portfolio | 96.2k $418.6k | New |
| Centiva Capital, LP 0.02% of their portfolio | 95.2k $413.9k | New |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 92.5k $402.0k | Reduced -38.0k |
| Cadence Wealth Management LLC 0.28% of their portfolio | 92.2k $401.1k | Added +8.8k |
| Sigma Planning Corp 0.01% of their portfolio | 84.4k $367.2k | Added +20.3k |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 80.0k $346.0k | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 79.3k $345.0k | Added +42.8k |
| Rathbones Group PLC 0.00% of their portfolio | 73.5k $319.9k | Added +49.0k |
| REGIONS FINANCIAL CORP 0.00% of their portfolio | 69.0k $300.1k | New |
| HRT FINANCIAL LP 0.00% of their portfolio | 66.6k $289.0k | Reduced -60.0k |
| STRS OHIO 0.00% of their portfolio | 64.0k $278.4k | Unchanged |
| Baird Financial Group, Inc. 0.00% of their portfolio | 63.9k $277.7k | Unchanged |
| Aigen Investment Management, LP 0.05% of their portfolio | 62.1k $270.1k | Added +33.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 60.8k $264.5k | Added +5.1k |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 60.1k $261.5k | New |
| Virtu Financial LLC 0.02% of their portfolio | 56.8k $247.0k | Added +38.9k |
| Leonteq Securities AG 0.03% of their portfolio | 55.1k $239.7k | Reduced -53.7k |
| Jefferies Financial Group Inc. 0.00% of their portfolio | 55.0k $239.2k | Reduced -5.0k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 54.0k $234.8k | Added +2.3k |
| PROFUND ADVISORS LLC 0.01% of their portfolio | 53.5k $232.6k | Reduced -7.8k |
| Tejara Capital Ltd 0.08% of their portfolio | 52.6k $228.8k | New |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 52.2k $227.1k | Reduced -6.3k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 51.6k $224.5k | Reduced -7.0k |
| BLUEFIN CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 49.6k $215.8k | Added +19.6k |
| FNY Investment Advisers, LLC 0.14% of their portfolio | 47.2k $205.0k | Added +25.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.00% of their portfolio | 46.7k $203.0k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 45.6k $198.0k | Added +20.1k |
| AIRE ADVISORS, LLC 0.04% of their portfolio | 44.0k $191.4k | Reduced -2.0k |
| TWO SIGMA SECURITIES, LLC 0.01% of their portfolio | 44.0k $191.3k | Added +20.3k |
| VIRTUS ADVISERS, LLC 0.09% of their portfolio | 39.9k $173.7k | Added +6.6k |
| Caprock Group, LLC 0.01% of their portfolio | 39.5k $172.0k | Added +8.9k |