B2Gold
98 hedge funds and large institutions have $1.15B invested in B2Gold in 2014 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 13 closing their positions.
33% more capital invested
Capital invested by funds: $870M → $1.15B (+$283M)
16% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 31
0% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 13
0.22% less ownership
Funds ownership: 63.1% → 62.88% (-0.22%)
1% less funds holding
Funds holding: 99 → 98 (-1)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$11.8M |
| 2 |
GF
Gabelli Funds
Rye,
New York
|
+$8.27M |
| 3 |
Jennison Associates
New York
|
+$7.77M |
| 4 |
Ninety One (UK)
London,
United Kingdom
|
+$6.98M |
| 5 |
VanEck Associates
New York
|
+$6.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$17.8M |
| 2 |
GRP
Geologic Resource Partners
Boston,
Massachusetts
|
-$8.64M |
| 3 |
BlackRock
New York
|
-$6.7M |
| 4 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
-$6.56M |
| 5 |
SVG
Sun Valley Gold
Sun Valley,
Idaho
|
-$6.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TC
101
TFS Capital
West Chester,
Pennsylvania
| – | -$476K | -235,715 | Closed |
|
|
AIMCA
102
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
| – | -$250K | -114,880 | Closed |
|
|
COPPSERS
103
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
| – | -$168K | -83,296 | Closed |
|
|
MLIM
104
Mountain Lake Investment Management
Boca Raton,
Florida
| – | -$92K | -45,688 | Closed |
|
105
Renaissance Technologies
New York
| – | -$86K | -41,800 | Closed |
|
106
Millennium Management
New York
| – | -$41K | -20,092 | Closed |
|
|
SCA
107
SAC Capital Advisors
Stamford,
Connecticut
| – | -$38K | -18,700 | Closed |
|
|
TH
108
Timber Hill
Greenwich,
Connecticut
| – | -$30K | -14,739 | Closed |
|
|
WSC
109
Wellington Shields & Co
New York
| – | -$25K | -12,500 | Closed |
|
|
VAM
110
Visium Asset Management
New York
| – | -$23K | -11,288 | Closed |
|
111
1832 Asset Management
Toronto,
Ontario, Canada
| – | +$58 | +22 | New |
|
BTG Hedge Fund Activity: Q1 2014 in Review
98 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in B2Gold (BTG) for Q1 2014, worth a combined $1.15B — up 33% from $870M a quarter earlier.
Fund positioning in BTG was balanced in Q1 2014: 13 funds opened new positions, 13 closed out, 36 added to existing stakes and 31 trimmed.
The largest buyer was Connor, Clark & Lunn Investment Management (CC&L), adding an estimated $11.8M. The largest seller was Fidelity Investments, cutting an estimated $17.8M.
- 98 institutional investors held B2Gold (BTG) as of Q1 2014, down from 99 in Q4 2013.
- Funds reported $1.15B of B2Gold stock for Q1 2014, up 33% quarter-over-quarter.
- 13 funds opened new B2Gold positions in Q1 2014 and 13 closed out, a net change of 0 holders.
- The largest B2Gold buyer in Q1 2014 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $11.8M added.
- The largest B2Gold seller in Q1 2014 was Fidelity Investments, an estimated $17.8M sold.
Based on aggregated 13F filings for Q1 2014.