Kinross Gold

KGC • NYSE

Kinross Gold is a gold company in the basic materials sector on NYSE, led by Paul Rollinson, with a market cap of $33.0B. As of Q3 2025, 58% of shares are held by 524 institutional investors, with VAN ECK ASSOCIATES CORP as the largest holder at 8.86%.

President and CEOPaul Rollinson

Market Cap$33.0B

Gold

Basic Materials

Employees6.6K

Websitekinross.com

Overview

Overview of institutional ownership in KGC as of Q3 2025 with a market cap of $30.3B

All Institutions

Institutions: 524
Value Held: $17.4B
Shares Held: 700.4M
Avg Position: $33.3M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 45
Value Held: $955.7M
Shares Held: 38.5M
Avg Position: $21.2M
Median Position: $2.5M

Ownership Breakdown

Institutional (non-HF)

54.42%

$16.5B

Hedge Funds

3.16%

$955.7M

Retail & Other

42.42%

$12.8B

Based on market cap of $30.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in KGC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VAN ECK ASSOCIATES CORP ETF Provider	Jan Frederick Vaneck CEO	$2.7B 2.78% of portfolio	8.86% 108.0M shares	≤ Q2 2013 Held for 12y 5m+	$96.6B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.3B 0.02% of portfolio	4.16% 50.7M shares	Q1 2015 Held for 10y 8m	$6.69T
Robeco Investment Management, Inc. Long Only Manager	Joseph Francis Feeney CEO	$1.1B 1.16% of portfolio	3.70% 45.1M shares	Q2 2020 Held for 5y 5m	$97.8B
R ROYAL BANK OF CANADA Institution	-	$804.4M 0.15% of portfolio	2.66% 32.4M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
F FIL Ltd Institution	-	$690.5M 0.54% of portfolio	2.28% 27.8M shares	Q2 2024 Held for 1y 5m	$127.75B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	David Allen Lippe CEO	$648.1M 0.85% of portfolio	2.14% 26.1M shares	≤ Q2 2013 Held for 12y 5m+	$75.8B
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	John Warren Stoddart President	$349.5M 1.10% of portfolio	1.16% 14.1M shares	Q1 2014 Held for 11y 8m	$31.7B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$319.6M 0.02% of portfolio	1.01% 12.3M shares	Q4 2016 Held for 8y 11m	$1.57T
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$307.0M 0.13% of portfolio	1.01% 12.4M shares	≤ Q2 2013 Held for 12y 5m+	$235.55B
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$290.6M 0.35% of portfolio	0.96% 11.7M shares	≤ Q2 2013 Held for 12y 5m+	$82.7B

Net Capital Flow

Institutional buying and selling activity for KGC in Q3 2025

Net Flow: +$149.8M
Buyers: 195
Sellers: 224
Total Bought: +$1.8B
Total Sold: −$1.6B
Avg Position: $34.9M

Biggest Buyers

Institution	Net Bought	Current Position
F FIL Ltd Institution	+$396.0M +16.0M shares	$690.5M 27.8M shares
VAN ECK ASSOCIATES CORP ETF Provider	+$194.5M +7.8M shares	$2.7B 108.0M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$134.3M +5.4M shares	$264.7M 10.7M shares
FMR LLC Institution	+$88.2M +3.6M shares	$225.5M 9.1M shares
BANK OF AMERICA CORP /DE/ Institution	+$84.7M +3.4M shares	$285.3M 11.5M shares
A AustralianSuper Pty Ltd Institution	+$76.7M +3.1M shares	$228.2M 9.2M shares
BANK OF MONTREAL /CAN/ Institution	+$73.4M +3.0M shares	$307.0M 12.4M shares
K Korea Investment CORP Institution	+$64.5M +2.6M shares	$81.8M 3.3M shares
L LEGAL & GENERAL GROUP PLC Institution	+$61.0M +2.5M shares	$244.2M 9.8M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	+$59.6M +2.4M shares	$90.6M 3.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$183.8M −7.4M shares	$648.1M 26.1M shares
M Man Group plc Institution	−$126.6M −5.1M shares	$289.4M 11.6M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$125.0M −5.0M shares	$3.7M 148.1K shares
I Investec Asset Management LTD Long Only Manager	−$89.4M −3.6M shares	$43.0M 1.7M shares
J JANE STREET GROUP, LLC Institution	−$71.1M −2.9M shares	$23.0M 927.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$65.1M −2.6M shares	$13.0M 522.2K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$56.9M −2.3M shares	$53.1M 2.1M shares
Q Qube Research & Technologies Ltd Institution	−$55.1M −2.2M shares	$4.0M 159.5K shares
MORGAN STANLEY RIA/Wealth	−$48.0M −1.9M shares	$264.1M 10.6M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$46.0M −1.9M shares	$204.3M 8.2M shares

Entry and Exit Activity

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

New Positions: 47
New Value: $105.9M
Exited Positions: 54
Exited Value: $126.1M

New Positions

Institution	Position Value
Z Zurich Insurance Group Ltd/FI Institution	$75.0M 3.0M shares
P PEAK6 LLC Institution	$11.7M 472.6K shares
U Utah Retirement Systems Institution	$3.4M 137.7K shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC Hedge Fund•Distressed	$2.3M 90.8K shares
RFG Advisory Group, LLC RIA/Wealth	$1.8M 71.8K shares
LMG Wealth Partners, LLC RIA/Wealth	$1.5M 59.5K shares
LOOMIS SAYLES & CO L P Long Only Manager	$1.5M 59.2K shares
Penserra Capital Management LLC ETF Provider	$1.0M 42.2K shares
B Banco Santander, S.A. Institution	$893.3K 35.9K shares
SIERRA SUMMIT ADVISORS LLC RIA/Wealth	$649.2K 26.1K shares

Exited Positions

Institution	Previous Position
Merewether Investment Management, LP Hedge Fund•Sector	$26.8M 1.7M shares
Marshall Wace LLP Institution	$18.9M 1.2M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$18.8M 1.2M shares
C Cubist Systematic Strategies, LLC Institution	$17.9M 1.1M shares
P Point72 Asia Pte. Ltd. Institution	$7.1M 456.2K shares
M MACQUARIE GROUP LTD Institution	$5.5M 267.6K shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	$4.6M 295.9K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$2.7M 173.9K shares
A AXA Institution	$2.5M 158.8K shares
C Catalyst Funds Management Pty Ltd Institution	$2.3M 147.8K shares

Options Activity

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

Call Positions: 22
Call Value: $246.9M
Put Positions: 21
Put Value: $134.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$97.4M 39.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$45.7M 18.4K contracts
W WOLVERINE TRADING, LLC Institution	$14.6M 6.0K contracts
C Cubist Systematic Strategies, LLC Institution	$12.1M 4.9K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$11.9M 4.8K contracts
S SIG North Trading, ULC Institution	$8.1M 3.3K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$8.1M 3.3K contracts
J JANE STREET GROUP, LLC Institution	$7.6M 3.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$6.3M 2.5K contracts
Walleye Trading LLC RIA/Wealth	$6.2M 2.5K contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$34.3M 13.8K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$26.4M 10.6K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$13.2M 5.3K contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$12.0M 4.8K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$10.1M 4.1K contracts
J JANE STREET GROUP, LLC Institution	$8.3M 3.3K contracts
S SIG North Trading, ULC Institution	$5.9M 2.4K contracts
W WOLVERINE TRADING, LLC Institution	$4.9M 2.0K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$4.7M 1.9K contracts
R ROYAL BANK OF CANADA Institution	$4.2M 1.7K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Cape Ann Asset Management Ltd Long Only Manager	James Ralph Jasinski CEO	29.37% $87.2M	0.29% 3.5M shares	Q4 2021 Held for 3y 11m	$296.8M
EAM Global Investors LLC Long Only Manager	Derek John Gaertner CEO	15.89% $3.8M	0.01% 151.4K shares	Q1 2025 Held for 8 months	$23.6M
SEMPER AUGUSTUS INVESTMENTS GROUP LLC Family Office	Brandon Douglas Hill CEO	8.04% $64.4M	0.21% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$800.5M
Spark Investment Management LLC Hedge Fund•Multi-Strategy	Glenn Elliot Dropkin CCO	6.16% $2.4M	0.01% 98.0K shares	Q1 2025 Held for 8 months	$39.5M
K Knoll Capital Management, LP Institution	-	5.46% $10.2M	0.03% 410.0K shares	Q3 2023 Held for 2y 2m	$186.6M
T Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Institution	-	4.46% $1.8M	0.01% 72.7K shares	Q1 2024 Held for 1y 8m	$40.5M
B Boothe Investment Group, Inc. RIA/Wealth	David Franklin Boothe President	3.52% $9.6M	0.03% 386.6K shares	Q1 2022 Held for 3y 8m	$273.0M
W Waratah Capital Advisors Ltd. Hedge Fund•Multi-Strategy	Blair Irving Levinsky CEO	3.16% $46.4M	0.15% 1.9M shares	Q4 2023 Held for 1y 11m	$1.5B
T Triasima Portfolio Management inc. Long Only Manager	Andre R. Chabot CEO	3.05% $20.2M	0.07% 815.0K shares	Q3 2023 Held for 2y 2m	$662.6M
Euro Pacific Asset Management, LLC Long Only Manager	Brian Whitfield Cox Managing Partner	2.88% $19.3M	0.06% 776.4K shares	Q4 2019 Held for 5y 11m	$670.2M

Hedge Fund Spotlight

Discover hedge funds investing in KGC

Spark Investment Management LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerGlenn Elliot Dropkin

Portfolio Value: $39.5M
Positions: 18
Last Reported: Q3 2025

Sector Allocation

Position in Kinross Gold

Market Value: $2.4M
Shares Held: 98.0K
Portfolio Weight: 6.16%
Owned Since: 2025-Q1

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