B2Gold
BTG • AMEX
B2Gold is a gold company in the basic materials sector on AMEX, led by Randall Chatwin, with a market cap of $6.1B. As of Q3 2025, 56% of shares are held by 280 institutional investors, with VAN ECK ASSOCIATES CORP as the largest holder at 8.76%.
Chief Executive OfficerRandall Chatwin
Overview
Overview of institutional ownership in BTG as of Q3 2025 with a market cap of $6.5B
All Institutions
- Institutions
- 280
- Value Held
- $3.7B
- Shares Held
- 745.2M
- Avg Position
- $13.2M
- Median Position
- $584.3K
Hedge Funds
- Hedge Funds
- 38
- Value Held
- $440.5M
- Shares Held
- 89.0M
- Avg Position
- $11.6M
- Median Position
- $1.1M
Ownership Breakdown
Based on market cap of $6.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in BTG as of Q3 2025
| Institution | Position Value |
|---|---|
 VAN ECK ASSOCIATES CORP ETF Provider | $573.7M 0.59% of portfolio |
 FMR LLC Institution | $501.8M 0.03% of portfolio |
 VANGUARD GROUP INC Institution | $271.9M 0.00% of portfolio |
P Pale Fire Capital SE Institution | $247.6M 27.14% of portfolio |
A AMERICAN CENTURY COMPANIES INC Institution | $168.5M 0.09% of portfolio |
 DIMENSIONAL FUND ADVISORS LP Long Only Manager | $154.1M 0.03% of portfolio |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | $106.4M 0.17% of portfolio |
 ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant | $89.9M 0.06% of portfolio |
 TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy | $83.2M 0.17% of portfolio |
 Connor, Clark & Lunn Investment Management Ltd. Long Only Manager | $64.8M 0.20% of portfolio |
Net Capital Flow
Institutional buying and selling activity for BTG in Q3 2025
- Traded
- +$37.9M
- Buyers
- 166
- Sellers
- 98
- Total Bought
- +$593.8M
- Total Sold
- −$555.8M
- Avg Position
- $12.1M
Biggest Buyers
| Institution | Net Bought |
|---|---|
FMR LLC Institution | +$105.0M +21.2M shares |
D D. E. Shaw & Co., Inc. Institution | +$57.3M +11.6M shares |
F FIL Ltd Institution | +$49.5M +10.0M shares |
 CONTINENTAL GENERAL INSURANCE CO Real Assets | +$29.5M +6.0M shares |
A AMERICAN CENTURY COMPANIES INC Institution | +$21.4M +4.3M shares |
C Cubist Systematic Strategies, LLC Institution | +$21.0M +4.3M shares |
R ROYAL BANK OF CANADA Institution | +$18.7M +3.8M shares |
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager | +$16.6M +3.4M shares |
A Amundi Institution | +$16.3M +3.1M shares |
 BANK OF AMERICA CORP /DE/ Institution | +$15.7M +3.2M shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | −$118.0M −23.8M shares |
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant | −$79.8M −16.1M shares |
P Pale Fire Capital SE Institution | −$77.9M −15.7M shares |
VAN ECK ASSOCIATES CORP ETF Provider | −$75.7M −15.3M shares |
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy | −$36.0M −7.3M shares |
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | −$32.9M −6.6M shares |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | −$24.6M −5.0M shares |
 GOLDMAN SACHS GROUP INC Institution | −$18.5M −3.7M shares |
R Ruffer LLP Long Only Manager | −$12.3M −3.4M shares |
 GEODE CAPITAL MANAGEMENT LLC ETF Provider | −$8.6M −1.6M shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited BTG in Q3 2025
- New Positions
- 30
- New Value
- $49.4M
- Exited Positions
- 26
- Exited Value
- $30.6M
New Positions
| Institution | Position Value |
|---|---|
CONTINENTAL GENERAL INSURANCE CO Real Assets | $29.5M 6.0M shares |
F Forge First Asset Management Inc. Institution | $8.2M 1.7M shares |
 Woodline Partners LP Hedge Fund•Long/Short | $3.2M 652.5K shares |
D DRW Securities, LLC Institution | $1.6M 325.6K shares |
 Quantinno Capital Management LP Hedge Fund•Market Neutral | $1.2M 240.1K shares |
 MANGROVE PARTNERS Hedge Fund•Multi-Strategy | $1.1M 213.4K shares |
 Fiscal Wisdom Wealth Management, LLC RIA/Wealth | $919.4K 176.8K shares |
 BURNEY CO/ RIA/Wealth | $631.3K 127.5K shares |
Q Quantessence Capital LLC Hedge Fund•Quant | $574.8K 116.1K shares |
P PenderFund Capital Management Ltd. Institution | $494.4K 100.0K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
R Ruffer LLP Long Only Manager | $12.3M 3.4M shares |
 UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager | $7.1M 2.0M shares |
N NOMURA HOLDINGS INC Institution | $4.0M 1.1M shares |
X XTX Topco Ltd Institution | $2.4M 670.2K shares |
 LEUCADIA NATIONAL CORP Institution | $1.3M 370.1K shares |
 GLUSKIN SHEFF & ASSOC INC Long Only Manager | $1.2M 342.3K shares |
 SummitTX Capital, L.P. Hedge Fund•Multi-Strategy | $540.8K 149.8K shares |
A Abel Hall, LLC RIA/Wealth | $361.0K 100.0K shares |
 Kovitz Investment Group Partners, LLC RIA/Wealth | $278.2K 77.1K shares |
 REGIONS FINANCIAL CORP Institution | $198.6K 55.0K shares |
Options Activity
Institutions with the largest Call and Put options positions in BTG as of Q3 2025
- Call Positions
- 13
- Call Value
- $25.2M
- Put Positions
- 12
- Put Value
- $31.3M
Call Positions
| Institution | Position Value |
|---|---|
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $6.1M 12.3K contracts |
 BANK OF MONTREAL /CAN/ Institution | $4.3M 8.7K contracts |
S SIG North Trading, ULC Institution | $3.6M 7.3K contracts |
P PEAK6 LLC Institution | $3.0M 6.1K contracts |
 TORONTO DOMINION BANK Institution | $3.0M 6.0K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $2.6M 5.3K contracts |
W WOLVERINE TRADING, LLC Institution | $1.5M 3.0K contracts |
J JANE STREET GROUP, LLC Institution | $858.8K 1.7K contracts |
 Beacon Pointe Advisors, LLC RIA/Wealth | $137.1K 277.0 contracts |
S Squarepoint Ops LLC Hedge Fund•Quant | $87.1K 176.0 contracts |
Put Positions
| Institution | Position Value |
|---|---|
 DLD Asset Management, LP Hedge Fund•Multi-Strategy | $15.7M 31.8K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $7.0M 14.1K contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $4.8M 9.8K contracts |
S SIG North Trading, ULC Institution | $1.6M 3.2K contracts |
W WOLVERINE TRADING, LLC Institution | $1.2M 2.3K contracts |
J JANE STREET GROUP, LLC Institution | $755.9K 1.5K contracts |
 Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | $192.1K 388.0 contracts |
BANK OF MONTREAL /CAN/ Institution | $93.4K 189.0 contracts |
 RAYMOND JAMES FINANCIAL INC RIA/Wealth | $11.3K 25.0 contracts |
 WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | $990.0 2.0 contracts |
Most Committed Institutions
Institutions with BTG as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
P Pale Fire Capital SE Institution | 27.14% $247.6M |
CONTINENTAL GENERAL INSURANCE CO Real Assets | 5.74% $29.5M |
 Euro Pacific Asset Management, LLC Long Only Manager | 5.57% $37.3M |
F Forge First Asset Management Inc. Institution | 3.91% $8.2M |
3.16% $1.3M | |
 Merk Investments LLC ETF Provider | 3.15% $9.9M |
UBS OCONNOR LLC Long Only Manager | 1.23% $8.9M |
U U S GLOBAL INVESTORS INC Institution | 1.16% $10.3M |
 Levin Easterly Partners LLC Long Only Manager | 0.95% $14.0M |
Fiscal Wisdom Wealth Management, LLC RIA/Wealth | 0.87% $919.4K |
Hedge Fund Spotlight
Discover hedge funds investing in BTG
C
CoreCommodity Management, LLC
Hedge Fund • Global Macro
Portfolio ManagerBradford L Klein
- Portfolio Value
- $551.0M
- Positions
- 127
- Last Reported
- Q3 2025
Sector Allocation
Position in B2Gold
- Market Value
- $71.2K
- Shares Held
- 14.4K
- Portfolio Weight
- 0.01%
- Owned Since
- 2018-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Unknown Unknown | $357.5M | 64.88% | |
Copper Basic Materials | $6.6M | 1.20% | |
Agricultural - Machinery Industrials | $5.4M | 0.98% |
