Aris Mining

ARMN • AMEX

Aris Mining is a gold company in the basic materials sector on AMEX, led by Emily Johnson, with a market cap of $3.2B. As of Q3 2025, 44% of shares are held by 142 institutional investors, with MMCAP International Inc. SPC as the largest holder at 8.12%.

CEOEmily Johnson

Market Cap$3.2B

Gold

Basic Materials

Employees3.5K

Websitearis-mining.com

Overview

Overview of institutional ownership in ARMN as of Q3 2025 with a market cap of $2.0B

All Institutions

Institutions: 142
Value Held: $874.5M
Shares Held: 89.1M
Avg Position: $6.2M
Median Position: $984.2K

Hedge Funds

Hedge Funds: 28
Value Held: $180.2M
Shares Held: 18.4M
Avg Position: $6.4M
Median Position: $2.0M

Ownership Breakdown

Institutional (non-HF)

35.0%

$694.3M

Hedge Funds

9.09%

$180.2M

Retail & Other

55.91%

$1.1B

Based on market cap of $2.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ARMN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
M MMCAP International Inc. SPC Institution	-	$161.1M 21.42% of portfolio	8.12% 16.4M shares	Q3 2023 Held for 2y 2m	$752.3M
VAN ECK ASSOCIATES CORP ETF Provider	Jan Frederick Vaneck CEO	$59.8M 0.06% of portfolio	3.01% 6.1M shares	Q3 2023 Held for 2y 2m	$96.6B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$42.4M 0.00% of portfolio	2.14% 4.3M shares	Q3 2023 Held for 2y 2m	$1.65T
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$41.2M 0.03% of portfolio	2.08% 4.2M shares	Q2 2025 Held for 5 months	$158.92B
R Ruffer LLP Long Only Manager	Miranda Jane Best CEO	$40.3M 2.24% of portfolio	2.03% 4.1M shares	Q3 2023 Held for 2y 2m	$1.8B
Hillsdale Investment Management Inc. Long Only Manager	Albert Christopher Guthrie CEO	$39.8M 1.19% of portfolio	2.01% 4.1M shares	Q2 2025 Held for 5 months	$3.3B
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	John Wyatt Ricketts President	$38.7M 0.12% of portfolio	1.95% 4.0M shares	Q3 2023 Held for 2y 2m	$31.7B
A AMERICAN CENTURY COMPANIES INC Institution	-	$27.2M 0.01% of portfolio	1.37% 2.8M shares	Q3 2023 Held for 2y 2m	$195.93B
APIS CAPITAL ADVISORS, LLC Hedge Fund•Long/Short	Daniel James Barker CIO	$24.6M 5.23% of portfolio	1.24% 2.5M shares	Q2 2025 Held for 5 months	$471.4M
A Amundi Institution	-	$22.7M 0.01% of portfolio	1.08% 2.2M shares	Q3 2024 Held for 1y 2m	$311.18B

Net Capital Flow

Institutional buying and selling activity for ARMN in Q3 2025

Traded: +$35.5M
Buyers: 99
Sellers: 36
Total Bought: +$284.8M
Total Sold: −$249.3M
Avg Position: $5.9M

Biggest Buyers

Institution	Net Bought	Current Position
M MMCAP International Inc. SPC Institution	+$50.1M +5.1M shares	$161.1M 16.4M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$24.9M +2.5M shares	$41.2M 4.2M shares
Merewether Investment Management, LP Hedge Fund•Sector	+$18.7M +1.9M shares	$18.7M 1.9M shares
J JANE STREET GROUP, LLC Institution	+$15.1M +1.5M shares	$15.1M 1.5M shares
Woodline Partners LP Hedge Fund•Long/Short	+$13.4M +1.4M shares	$13.4M 1.4M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$11.7M +1.2M shares	$27.2M 2.8M shares
BANK OF MONTREAL /CAN/ Institution	+$10.4M +1.1M shares	$11.9M 1.2M shares
Pictet Asset Management Holding SA Long Only Manager	+$10.2M +1.0M shares	$10.5M 1.1M shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	+$10.0M +1.0M shares	$10.0M 1.0M shares
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	+$10.0M +1.0M shares	$10.0M 1.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
M Mubadala Investment Co PJSC Institution	−$106.0M −15.8M shares	Sold Off 0 shares
VAN ECK ASSOCIATES CORP ETF Provider	−$51.5M −5.3M shares	$59.8M 6.1M shares
GOLDMAN SACHS GROUP INC Institution	−$41.4M −4.2M shares	$15.7M 1.6M shares
R Ruffer LLP Long Only Manager	−$11.0M −1.1M shares	$40.3M 4.1M shares
Hillsdale Investment Management Inc. Long Only Manager	−$7.0M −710.6K shares	$39.8M 4.1M shares
Invesco Ltd. ETF Provider	−$6.3M −638.4K shares	$12.1M 1.2M shares
6 683 Capital Management, LLC Hedge Fund•Long/Short	−$5.9M −600.0K shares	$8.8M 900.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$5.3M −542.7K shares	$6.9M 701.4K shares
Artisan Partners Limited Partnership Long Only Manager	−$3.2M −329.3K shares	$7.6M 778.5K shares
R Russell Investments Group, Ltd. RIA/Wealth	−$3.0M −308.1K shares	$4.3M 436.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ARMN in Q3 2025

New Positions: 39
New Value: $87.9M
Exited Positions: 7
Exited Value: $107.5M

New Positions

Institution	Position Value
Merewether Investment Management, LP Hedge Fund•Sector	$18.7M 1.9M shares
Woodline Partners LP Hedge Fund•Long/Short	$13.4M 1.4M shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$10.0M 1.0M shares
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	$10.0M 1.0M shares
S Sagil Capital LLP Institution	$9.3M 947.6K shares
CLARET ASSET MANAGEMENT Corp RIA/Wealth	$3.8M 385.4K shares
P PICTON MAHONEY ASSET MANAGEMENT Institution	$3.7M 380.0K shares
Rockefeller Capital Management L.P. Long Only Manager	$2.5M 259.7K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$2.1M 211.1K shares
M MANUFACTURERES LIFE INSURANCE CO Institution	$1.8M 185.6K shares

Exited Positions

Institution	Previous Position
M Mubadala Investment Co PJSC Institution	$106.0M 15.8M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$896.6K 133.4K shares
N NOMURA HOLDINGS INC Institution	$295.0K 43.9K shares
Engineers Gate Manager LP Hedge Fund•Quant	$220.9K 32.8K shares
GWN SECURITIES INC. RIA/Wealth	$75.8K 11.3K shares
Global Retirement Partners, LLC RIA/Wealth	$35.8K 5.3K shares
Caitong International Asset Management Co., Ltd RIA/Wealth	$3.6K 539.0 shares

Options Activity

Institutions with the largest Call and Put options positions in ARMN as of Q3 2025

Call Positions: 3
Call Value: $3.8M
Put Positions: 3
Put Value: $2.7M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.1M 3.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$546.8K 558.0 contracts
W WOLVERINE TRADING, LLC Institution	$167.9K 171.0 contracts

Put Positions

Institution	Position Value
B BW Gestao de Investimentos Ltda. Institution	$2.0M 2.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$452.8K 462.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$276.4K 282.0 contracts

Most Committed Institutions

Institutions with ARMN as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M MMCAP International Inc. SPC Institution	-	21.42% $161.1M	8.12% 16.4M shares	Q3 2023 Held for 2y 2m	$752.3M
S Sagil Capital LLP Institution	-	7.28% $9.3M	0.47% 947.6K shares	Q3 2025 Held for 2 months	$127.5M
APIS CAPITAL ADVISORS, LLC Hedge Fund•Long/Short	Daniel James Barker CIO	5.23% $24.6M	1.24% 2.5M shares	Q2 2025 Held for 5 months	$471.4M
L LM Asset Inc. Institution	-	3.47% $4.5M	0.22% 455.0K shares	Q1 2025 Held for 8 months	$128.6M
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	Brian Kuzma Managing Partner	3.12% $10.0M	0.50% 1.0M shares	Q3 2025 Held for 2 months	$320.9M
Q Quaker Capital Investments, LLC Institution	-	2.96% $11.0M	0.55% 1.1M shares	Q4 2023 Held for 1y 11m	$371.6M
R Ruffer LLP Long Only Manager	Miranda Jane Best CEO	2.24% $40.3M	2.03% 4.1M shares	Q3 2023 Held for 2y 2m	$1.8B
Hillsdale Investment Management Inc. Long Only Manager	Albert Christopher Guthrie CEO	1.19% $39.8M	2.01% 4.1M shares	Q2 2025 Held for 5 months	$3.3B
Sheets Smith Investment Management RIA/Wealth	Zolly Cornell Bowden President	0.88% $1.4M	0.07% 137.9K shares	Q3 2025 Held for 2 months	$154.2M
6 683 Capital Management, LLC Hedge Fund•Long/Short	Ari Jonathan Zweiman Managing Partner	0.83% $8.8M	0.44% 900.0K shares	Q3 2023 Held for 2y 2m	$1.1B

Hedge Fund Spotlight

Discover hedge funds investing in ARMN

Voleon Capital Management LP

Hedge Fund • Quant

Portfolio ManagerMichael Kharitonov

Portfolio Value: $4.1B
Positions: 884
Last Reported: Q3 2025

Sector Allocation

Position in Aris Mining

Market Value: $125.8K
Shares Held: 12.8K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

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