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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
257
Holders Change
+14
Holders Change %
+5.76%
% of All Funds
3.45%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
49
Increased
101
Reduced
58
Closed
31
Calls
$21.1M
Puts
$20.3M
Net Calls
+$781K
Net Calls Change
+$203K

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$52.3M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$41.9M
3
PFCS
Pale Fire Capital SE
Czech Republic
+$33.3M
4
Two Sigma Investments
Two Sigma Investments
New York
+$23.8M
5
N
Nuveen
North Carolina
+$16M

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$30.6M
2
VanEck Associates
VanEck Associates
New York
-$24.7M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$11.8M
4
Citadel Advisors
Citadel Advisors
Florida
-$10.9M
5
IIM
Intact Investment Management
Quebec, Canada
-$9.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
W
276
WealthCollab
Washington
– -$7.9K -3,238 Closed
CA
277
CoreCap Advisors
Michigan
– -$6.42K -2,633 Closed
FFA
278
Farther Finance Advisors
California
– -$3.79K -1,552 Closed
BHWM
279
Beaird Harris Wealth Management
Texas
– -$2.08K -853 Closed
MWA
280
Medallion Wealth Advisors
Connecticut
– -$1.95K -800 Closed
SC
281
Swan Capital
Florida
– -$1.22K -500 Closed
WFA
282
West Financial Advisors
Iowa
– -$1.22K -500 Closed
TFA
283
Toth Financial Advisory
Virginia
– -$915 -375 Closed
TC
284
Truvestments Capital
Florida
– -$488 -200 Closed
BIA
285
Bell Investment Advisors
California
– -$476 -195 Closed
PA
286
Parallel Advisors
California
– -$471 -193 Closed
LFA
287
Legend Financial Advisors
Pennsylvania
– -$312 -128 Closed
FIA
288
FNY Investment Advisers
New York
– +$566 +211 New
8 9 10 11
12

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.