Shell Asset Management’s B2Gold BTG Stock Holding History

Shell Asset Management’s Portfolio BTG Stock Details BTG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	$94K	Sell	18,922 -51,950	-73%	-$204K	0.01%	659
2025 Q2	$256K	Buy	70,872 +900	+1%	+$2.95K	0.01%	687
2025 Q1	$199K	Hold	69,972	–	–	0.01%	797
2024 Q4	$172K	Hold	69,972	–	–	0.01%	883
2024 Q3	$216K	Buy	+69,972	New	+$203K	0.01%	798
2024 Q1	$198K	Sell	73,972 -14,500	-16%	-$39.2K	0.01%	820
2023 Q4	$281K	Sell	88,472 -11,600	-12%	-$36.6K	0.01%	728
2023 Q3	$289K	Hold	100,072	–	–	0.01%	769
2023 Q2	$357K	Buy	100,072 +7,972	+9%	+$31.2K	0.01%	724
2023 Q1	$363K	Buy	92,100 +8,000	+10%	+$29.8K	0.02%	699
2022 Q4	$299K	Sell	84,100 -10,000	-11%	-$33.2K	0.01%	782
2022 Q3	$304K	Sell	94,100 -18,900	-17%	-$62.3K	0.01%	828
2022 Q2	$382K	Sell	113,000 -1,300	-1%	-$5.43K	0.01%	857
2022 Q1	$525K	Hold	114,300	–	–	0.01%	792
2021 Q4	$451K	Buy	+114,300	New	+$459K	0.01%	945
2021 Q3	–	Sell	-6,000	Closed	-$25K	–	1393
2021 Q2	$25K	Sell	6,000 -991	-14%	-$4.84K	﹤0.01%	1485
2021 Q1	$30K	Hold	6,991	–	–	﹤0.01%	1429
2020 Q4	$39K	Sell	6,991 -48,450	-87%	-$296K	﹤0.01%	1402
2020 Q3	$360K	Buy	55,441 +3,100	+6%	+$20.2K	0.01%	828
2020 Q2	$298K	Buy	52,341 +5,300	+11%	+$26.6K	0.01%	901
2020 Q1	$141K	Sell	47,041 -200	-0.4%	-$793	﹤0.01%	1076
2019 Q4	$190K	Sell	47,241 -26,400	-36%	-$93.2K	﹤0.01%	1135
2019 Q3	$240K	Sell	73,641 -2,200	-3%	-$7.41K	0.01%	1097
2019 Q2	$231K	Sell	75,841 -1,899	-2%	-$5.19K	0.01%	1101
2019 Q1	$218K	Hold	77,740	–	–	﹤0.01%	1096
2018 Q4	$227K	Sell	77,740 -27,300	-26%	-$71K	0.01%	1026
2018 Q3	$239K	Sell	105,040 -4,600	-4%	-$10.9K	﹤0.01%	1089
2018 Q2	$284K	Buy	109,640 +17,300	+19%	+$47.3K	0.01%	1028
2018 Q1	$253K	Sell	92,340 -1,200	-1%	-$3.53K	0.01%	1031
2017 Q4	$290K	Hold	93,540	–	–	0.01%	1016
2017 Q3	$322K	Hold	93,540	–	–	0.01%	970
2017 Q2	$341K	Hold	93,540	–	–	0.01%	980
2017 Q1	$355K	Sell	93,540 -2,000	-2%	-$6.02K	0.01%	979
2016 Q4	$304K	Sell	95,540 -2,200	-2%	-$5.46K	0.01%	970
2016 Q3	$336K	Sell	97,740 -3,800	-4%	-$11.3K	0.01%	923
2016 Q2	$329K	Buy	101,540 +21,700	+27%	+$43.8K	0.01%	785
2016 Q1	$172K	Sell	79,840 -14,200	-15%	-$15.5K	﹤0.01%	832
2015 Q4	$131K	Sell	94,040 -60,157	-39%	-$68.3K	﹤0.01%	842
2015 Q3	$352K	Buy	154,197 +19,157	+14%	+$23.3K	0.01%	778
2015 Q2	$258K	Sell	135,040 -25,600	-16%	-$41.5K	0.01%	825
2015 Q1	$304K	Sell	160,640 -18,457	-10%	-$32.4K	0.01%	809
2014 Q4	$340K	Buy	179,097 +24,900	+16%	+$45.2K	0.01%	818
2014 Q3	$352K	Hold	154,197	–	–	0.01%	806
2014 Q2	$480K	Sell	154,197 -13,699	-8%	-$37.2K	0.01%	811
2014 Q1	$504K	Buy	167,896 +39,150	+30%	+$103K	0.01%	783
2013 Q4	$281K	Sell	128,746 -20,075	-13%	-$44.8K	﹤0.01%	783
2013 Q3	$382K	Buy	148,821 +3,608	+2%	+$9.76K	0.01%	767
2013 Q2	$325K	Buy	+145,213	New	+$323K	0.01%	765

Other funds holding BTG

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

PFCS

Pale Fire Capital SE Prague, Czech Republic $1.14B AUM 42.87% 1-Year Est. Return

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return

Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return

Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada $43.4B AUM 51.29% 1-Year Est. Return

Shell Asset Management's BTG Position: Q3 2025 in Review

Shell Asset Management reduced its B2Gold (BTG) stake by 73% in Q3 2025, selling an estimated $204K and leaving 18,922 shares worth $94K. The position accounts for 0.01% of the portfolio, ranked #659.

Shell Asset Management first reported a position in BTG in Q2 2013 and has held it in 48 quarters since. The position peaked at $525K in Q1 2022. 287 funds tracked by Wall St. Rank hold BTG as of Q3 2025.

Shell Asset Management held 18,922 shares of B2Gold worth $94K as of Q3 2025.
Shell Asset Management sold 51,950 B2Gold shares in Q3 2025, an estimated $204K.
B2Gold made up 0.01% of Shell Asset Management's portfolio in Q3 2025, its #659 holding.
Shell Asset Management first reported a position in B2Gold in Q2 2013 and has held it in 48 quarters since.
Shell Asset Management's B2Gold position peaked at $525K in Q1 2022.
287 funds tracked by Wall St. Rank held B2Gold as of Q3 2025.

Based on Shell Asset Management's 13F filing for Q3 2025, filed 7 Nov 2025.