B2Gold
BTG
257 hedge funds and large institutions have $2.1B invested in B2Gold in 2025 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 101 increasing their positions, 58 reducing their positions, and 31 closing their positions.
74% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 58
58% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 31
30% more capital invested
Capital invested by funds: $1.61B → $2.1B (+$491M)
6% more funds holding
Funds holding: 243 → 257 (+14)
5.66% more ownership
Funds ownership: 50.2% → 55.86% (+5.7%)
4% more call options, than puts
Call options by funds: $21.1M | Put options by funds: $20.3M
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$52.3M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$41.9M |
| 3 |
PFCS
Pale Fire Capital SE
Prague,
Czech Republic
|
+$33.3M |
| 4 |
Two Sigma Investments
New York
|
+$23.8M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$30.6M |
| 2 |
VanEck Associates
New York
|
-$24.7M |
| 3 |
D.E. Shaw & Co
New York
|
-$11.8M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$10.9M |
| 5 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$9.6M |
BTG Hedge Fund Activity: Q1 2025 in Review
257 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in B2Gold (BTG) for Q1 2025, worth a combined $2.1B — up 30% from $1.61B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new BTG positions and 31 closed out — a net gain of 18 holders — while 101 added to existing stakes and 58 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $52.3M. The largest seller was Renaissance Technologies, cutting an estimated $30.6M.
- 257 institutional investors held B2Gold (BTG) as of Q1 2025, up from 243 in Q4 2024.
- Funds reported $2.1B of B2Gold stock for Q1 2025, up 30% quarter-over-quarter.
- 49 funds opened new B2Gold positions in Q1 2025 and 31 closed out, a net change of +18 holders.
- The largest B2Gold buyer in Q1 2025 was Fidelity Investments, an estimated $52.3M added.
- The largest B2Gold seller in Q1 2025 was Renaissance Technologies, an estimated $30.6M sold.
Based on aggregated 13F filings for Q1 2025.