B2Gold
99 hedge funds and large institutions have $870M invested in B2Gold in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 37 reducing their positions, and 9 closing their positions.
67% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 9
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
6% more funds holding
Funds holding: 93 → 99 (+6)
8% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 37
2.54% less ownership
Funds ownership: 65.64% → 63.1% (-2.5%)
18% less capital invested
Capital invested by funds: $1.06B → $870M (-$191M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$39.8M |
| 2 |
GRP
Geologic Resource Partners
Boston,
Massachusetts
|
+$14M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.2M |
| 4 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
+$5.48M |
| 5 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$4.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Tocqueville Asset Management
New York
|
-$38.2M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$12.9M |
| 3 |
JP Morgan Chase
New York
|
-$11.6M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$7M |
| 5 |
BlackRock
New York
|
-$5.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PIC
101
PCJ Investment Counsel
Toronto,
Ontario, Canada
| – | -$838K | -325,900 | Closed |
|
|
HT
102
HAP Trading
New York
| – | -$648K | -261,331 | Closed |
|
|
MWNA
103
Marshall Wace North America
New York
| – | -$417K | -168,000 | Closed |
|
|
SGI
104
SAC Global Investors
London,
United Kingdom
| – | -$339K | -136,000 | Closed |
|
|
CAS
105
CTC Alternative Strategies
Chicago,
Illinois
| – | -$174K | -70,052 | Closed |
|
106
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$68K | -27,073 | Closed |
|
|
CI
107
Cowen Inc
New York
| – | -$62K | -25,000 | Closed |
|
BTG Hedge Fund Activity: Q4 2013 in Review
99 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in B2Gold (BTG) for Q4 2013, worth a combined $870M — down 18% from $1.06B a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BTG positions and 9 closed out — a net gain of 6 holders — while 34 added to existing stakes and 37 trimmed.
The largest buyer was Fiera Capital (Canada), adding an estimated $39.8M. The largest seller was Tocqueville Asset Management, exiting entirely with an estimated $38.2M sold.
- 99 institutional investors held B2Gold (BTG) as of Q4 2013, up from 93 in Q3 2013.
- Funds reported $870M of B2Gold stock for Q4 2013, down 18% quarter-over-quarter.
- 15 funds opened new B2Gold positions in Q4 2013 and 9 closed out, a net change of +6 holders.
- The largest B2Gold buyer in Q4 2013 was Fiera Capital (Canada), an estimated $39.8M added.
- The largest B2Gold seller in Q4 2013 was Tocqueville Asset Management, an estimated $38.2M sold.
Based on aggregated 13F filings for Q4 2013.