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257 hedge funds and large institutions have $2.78B invested in B2Gold in 2025 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 91 increasing their positions, 77 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

32% more capital invested

Capital invested by funds: $2.1B → $2.78B (+$673M)

18% more repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 77

11% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 38

2.22% more ownership

Funds ownership: 55.86%58.07% (+2.2%)

1% more call options, than puts

Call options by funds: $26.7M | Put options by funds: $26.5M

0% more funds holding

Funds holding: 257257 (0)

Holders
257
Holders Change
Holders Change %
0%
% of All Funds
3.38%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
42
Increased
91
Reduced
77
Closed
38
Calls
$26.7M
Puts
$26.5M
Net Calls
+$212K
Net Calls Change
-$569K
Name Holding Trade Value Shares
Change
Change in
Stake
VanEck Associates
1
VanEck Associates
New York
$474M -$60.8M -18,524,763 -12%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$290M +$4.78M +1,455,319 +2%
PFCS
3
Pale Fire Capital SE
Czech Republic
$237M +$3.03M +922,500 +1%
Vanguard Group
4
Vanguard Group
Pennsylvania
$194M -$1.56M -474,782 -0.9%
Arrowstreet Capital
5
Arrowstreet Capital
Massachusetts
$124M +$61.4M +18,703,995 +120%
American Century Companies
6
American Century Companies
Missouri
$107M +$10.5M +3,206,141 +12%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$107M +$13.1M +4,005,758 +16%
Two Sigma Investments
8
Two Sigma Investments
New York
$102M +$14M +4,275,035 +18%
Citadel Advisors
9
Citadel Advisors
Florida
$101M +$82M +24,998,568 +869%
Two Sigma Advisers
10
Two Sigma Advisers
New York
$87M +$5.92M +1,804,800 +8%
Norges Bank
11
Norges Bank
Norway
$60.5M -$1.08M -328,803 -2%
First Eagle Investment Management
12
First Eagle Investment Management
New York
$46.5M +$47.2K +14,389 +0.1%
Millennium Management
13
Millennium Management
New York
$42.1M +$34.2M +10,412,955 +828%
Goldman Sachs
14
Goldman Sachs
New York
$39.7M +$9.27M +2,826,233 +35%
Franklin Resources
15
Franklin Resources
California
$37.6M +$803K +244,780 +2%
Bank of Montreal
16
Bank of Montreal
Ontario, Canada
$35.8M -$1.38M -419,135 -4%
Connor, Clark & Lunn Investment Management (CC&L)
17
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$35.3M +$7.42M +2,261,281 +30%
Invesco
18
Invesco
Georgia
$33.3M -$34.6M -10,558,319 -53%
Morgan Stanley
19
Morgan Stanley
New York
$32.1M +$7.59M +2,313,214 +35%
Deutsche Bank
20
Deutsche Bank
Germany
$27.1M -$2.66M -809,062 -10%
N
21
Nuveen
North Carolina
$25.5M -$5.6M -1,707,949 -19%
National Bank of Canada
22
National Bank of Canada
Quebec, Canada
$25.4M +$6.56M +2,000,319 +39%
EPAM
23
Euro Pacific Asset Management
Puerto Rico
$25.1M +$3.69M +1,124,681 +19%
Manulife (Manufacturers Life Insurance)
24
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$24.6M -$347K -105,882 -2%
Bank of America
25
Bank of America
North Carolina
$24.1M +$886K +270,073 +4%

BTG Hedge Fund Activity: Q2 2025 in Review

257 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in B2Gold (BTG) for Q2 2025, worth a combined $2.78B — up 32% from $2.1B a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new BTG positions and 38 closed out — a net gain of 4 holders — while 91 added to existing stakes and 77 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $82M. The largest seller was VanEck Associates, cutting an estimated $60.8M.

  • 257 institutional investors held B2Gold (BTG) as of Q2 2025, unchanged from Q1 2025.
  • Funds reported $2.78B of B2Gold stock for Q2 2025, up 32% quarter-over-quarter.
  • 42 funds opened new B2Gold positions in Q2 2025 and 38 closed out, a net change of +4 holders.
  • The largest B2Gold buyer in Q2 2025 was Citadel Advisors, an estimated $82M added.
  • The largest B2Gold seller in Q2 2025 was VanEck Associates, an estimated $60.8M sold.

Based on aggregated 13F filings for Q2 2025.