Eldorado Gold

EGO • NYSE

Eldorado Gold is a gold company in the basic materials sector on NYSE, with a market cap of $6.3B. As of Q3 2025, 65% of shares are held by 197 institutional investors, with BlackRock, Inc. as the largest holder at 10.49%.

Market Cap$6.3B

Gold

Basic Materials

Employees4.7K

Websiteeldoradogold.com

Overview

Overview of institutional ownership in EGO as of Q3 2025 with a market cap of $5.9B

All Institutions

Institutions: 197
Value Held: $3.8B
Shares Held: 132.9M
Avg Position: $19.4M
Median Position: $1.4M

Hedge Funds

Hedge Funds: 34
Value Held: $615.5M
Shares Held: 21.3M
Avg Position: $18.1M
Median Position: $1.6M

Ownership Breakdown

Institutional (non-HF)

54.66%

$3.2B

Hedge Funds

10.48%

$615.5M

Retail & Other

34.85%

$2.0B

Based on market cap of $5.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in EGO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$616.0M 0.01% of portfolio	10.49% 21.3M shares	Q1 2017 Held for 8y 8m	$5.67T
VAN ECK ASSOCIATES CORP ETF Provider	Jan Frederick Vaneck CEO	$476.7M 0.49% of portfolio	8.12% 16.5M shares	≤ Q2 2013 Held for 12y 5m+	$96.6B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$242.2M 0.00% of portfolio	4.13% 8.4M shares	Q1 2015 Held for 10y 8m	$6.69T
JENNISON ASSOCIATES LLC Long Only Manager	Jeffrey Todd Becker CEO	$236.1M 0.14% of portfolio	4.02% 8.2M shares	Q1 2024 Held for 1y 8m	$171.73B
DONALD SMITH & CO., INC. Long Only Manager	Richard Lawrence Greenberg CEO	$227.5M 4.54% of portfolio	3.88% 7.9M shares	Q1 2018 Held for 7y 8m	$5.0B
L L1 Capital Pty Ltd Institution	-	$190.9M 12.05% of portfolio	3.51% 7.1M shares	Q2 2024 Held for 1y 5m	$1.6B
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$156.4M 0.10% of portfolio	2.66% 5.4M shares	Q3 2024 Held for 1y 2m	$158.92B
C Carrhae Capital LLP Hedge Fund•Long/Short	Ali Akay CIO	$144.3M 13.79% of portfolio	2.46% 5.0M shares	Q1 2021 Held for 4y 8m	$1.0B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$139.0M 0.03% of portfolio	2.37% 4.8M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
R ROYAL BANK OF CANADA Institution	-	$82.0M 0.02% of portfolio	1.40% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B

Net Capital Flow

Institutional buying and selling activity for EGO in Q3 2025

Net Flow: −$134.1M
Buyers: 76
Sellers: 98
Total Bought: +$340.9M
Total Sold: −$475.0M
Avg Position: $19.2M

Biggest Buyers

Institution	Net Bought	Current Position
VAN ECK ASSOCIATES CORP ETF Provider	+$120.6M +4.2M shares	$476.7M 16.5M shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$47.3M +1.6M shares	$63.0M 2.2M shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	+$20.1M +705.1K shares	$41.2M 1.4M shares
TORONTO DOMINION BANK Institution	+$20.0M +692.3K shares	$22.4M 776.0K shares
C Carrhae Capital LLP Hedge Fund•Long/Short	+$13.9M +480.3K shares	$144.3M 5.0M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$12.1M +419.6K shares	$156.4M 5.4M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$12.1M +419.0K shares	$45.2M 1.6M shares
R Ruffer LLP Long Only Manager	+$9.2M +319.2K shares	$40.8M 1.4M shares
Allspring Global Investments Holdings, LLC Long Only Manager	+$8.0M +276.0K shares	$16.0M 554.3K shares
R ROYAL BANK OF CANADA Institution	+$7.2M +248.1K shares	$82.0M 2.8M shares

Biggest Sellers

Institution	Net Sold	Current Position
H Helikon Investments Ltd Institution	−$96.8M −4.8M shares	Sold Off 0 shares
DONALD SMITH & CO., INC. Long Only Manager	−$75.3M −2.6M shares	$227.5M 7.9M shares
D D. E. Shaw & Co., Inc. Institution	−$25.1M −869.5K shares	$15.3M 530.6K shares
GOLDMAN SACHS GROUP INC Institution	−$21.2M −732.2K shares	$23.0M 796.3K shares
Encompass Capital Advisors LLC Hedge Fund•Long/Short	−$20.3M −1.0M shares	Sold Off 0 shares
A ANTIPODES PARTNERS Ltd Hedge Fund•Long/Short	−$20.0M −693.9K shares	$65.7M 2.3M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$15.5M −535.1K shares	$11.2M 386.6K shares
UBS Group AG Institution	−$13.6M −470.3K shares	$4.2M 144.1K shares
Mudita Advisors LLP Hedge Fund•Multi-Strategy	−$13.4M −658.5K shares	Sold Off 0 shares
C Cubist Systematic Strategies, LLC Institution	−$13.4M −658.1K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 23
New Value: $21.0M
Exited Positions: 33
Exited Value: $160.9M

New Positions

Institution	Position Value
EAM Investors, LLC Long Only Manager	$4.1M 140.4K shares
EAM Global Investors LLC Long Only Manager	$3.3M 115.2K shares
Blackstone Group L.P. Institution	$2.8M 97.5K shares
O Orion Resource Partners LP Private Equity	$2.5M 87.0K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$1.4M 47.4K shares
TT International Asset Management LTD Hedge Fund•Multi-Strategy	$1.2M 41.0K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$959.6K 33.2K shares
M Mitsubishi UFJ Trust & Banking Corp Institution	$926.6K 32.1K shares
P PICTON MAHONEY ASSET MANAGEMENT Institution	$869.0K 30.1K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$548.2K 19.0K shares

Exited Positions

Institution	Previous Position
H Helikon Investments Ltd Institution	$96.8M 4.8M shares
Encompass Capital Advisors LLC Hedge Fund•Long/Short	$20.3M 1.0M shares
Mudita Advisors LLP Hedge Fund•Multi-Strategy	$13.4M 658.5K shares
C Cubist Systematic Strategies, LLC Institution	$13.4M 658.1K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$3.7M 184.1K shares
S Sciencast Management LP Hedge Fund•Quant	$2.5M 120.9K shares
R Rockefeller Capital Management L.P. Long Only Manager	$1.9M 93.3K shares
S STIFEL FINANCIAL CORP Long Only Manager	$1.3M 63.5K shares
Quantbot Technologies LLC Hedge Fund•Quant	$1.0M 51.0K shares
M MAVERICK CAPITAL LTD Hedge Fund•Long/Short	$962.0K 47.3K shares

Options Activity

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

Call Positions: 14
Call Value: $69.3M
Put Positions: 11
Put Value: $26.2M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$31.2M 10.8K contracts
P PEAK6 LLC Institution	$17.0M 5.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$9.0M 3.1K contracts
Caption Management, LLC Hedge Fund•Long/Short	$3.2M 1.1K contracts
BANK OF MONTREAL /CAN/ Institution	$2.3M 800.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.8M 627.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.5M 524.0 contracts
J JANE STREET GROUP, LLC Institution	$1.5M 519.0 contracts
S SIG North Trading, ULC Institution	$1.1M 391.0 contracts
Walleye Trading LLC RIA/Wealth	$661.6K 229.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$12.7M 4.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.6M 1.9K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$2.2M 750.0 contracts
P PEAK6 LLC Institution	$1.9M 642.0 contracts
J JANE STREET GROUP, LLC Institution	$1.7M 572.0 contracts
Walleye Trading LLC RIA/Wealth	$1.1M 388.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$499.8K 173.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$465.1K 161.0 contracts
S SIG North Trading, ULC Institution	$208.0K 72.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
EAM Global Investors LLC Long Only Manager	Derek John Gaertner CEO	14.07% $3.3M	0.06% 115.2K shares	Q3 2025 Held for 2 months	$23.6M
C Carrhae Capital LLP Hedge Fund•Long/Short	Ali Akay CIO	13.79% $144.3M	2.46% 5.0M shares	Q1 2021 Held for 4y 8m	$1.0B
L L1 Capital Pty Ltd Institution	-	12.05% $190.9M	3.51% 7.1M shares	Q2 2024 Held for 1y 5m	$1.6B
MASON HILL ADVISORS LLC Hedge Fund•Value	Sean Michael Fieler President	10.18% $18.9M	0.32% 652.5K shares	Q3 2020 Held for 5y 2m	$185.2M
AEGIS FINANCIAL CORP Long Only Manager	William Lee Bowman President	4.56% $11.9M	0.20% 412.8K shares	Q4 2022 Held for 2y 11m	$261.3M
DONALD SMITH & CO., INC. Long Only Manager	Richard Lawrence Greenberg CEO	4.54% $227.5M	3.88% 7.9M shares	Q1 2018 Held for 7y 8m	$5.0B
I Invenomic Capital Management LP Hedge Fund•Long/Short	Benjamin Robert Deschaine President	2.83% $54.3M	0.92% 1.9M shares	Q1 2023 Held for 2y 8m	$1.9B
R Ruffer LLP Long Only Manager	Miranda Jane Best CEO	2.27% $40.8M	0.70% 1.4M shares	Q1 2025 Held for 8 months	$1.8B
S SPROTT INC. Institution	-	2.08% $55.3M	0.94% 1.9M shares	Q1 2020 Held for 5y 8m	$2.7B
A ANTIPODES PARTNERS Ltd Hedge Fund•Long/Short	Andrew Findlay CEO	1.47% $65.7M	1.12% 2.3M shares	Q3 2024 Held for 1y 2m	$4.5B

Hedge Fund Spotlight

Discover hedge funds investing in EGO

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerCarter Mayberry Lyons

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in Eldorado Gold

Market Value: $9.1M
Shares Held: 316.4K
Portfolio Weight: 0.01%
Owned Since: 2013-Q2

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%