B2Gold
287 hedge funds and large institutions have $3.7B invested in B2Gold in 2025 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 101 increasing their positions, 79 reducing their positions, and 32 closing their positions.
94% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 32
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
33% more capital invested
Capital invested by funds: $2.78B → $3.7B (+$922M)
28% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 79
12% more funds holding
Funds holding: 257 → 287 (+30)
5% less call options, than puts
Call options by funds: $38.2M | Put options by funds: $40.1M
1.67% less ownership
Funds ownership: 58.07% → 56.41% (-1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$83.5M |
| 2 |
D.E. Shaw & Co
New York
|
+$45.5M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$39.3M |
| 4 |
CGIC
Continental General Insurance Company
Austin,
Texas
|
+$23.5M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$17.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$93.7M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$63.4M |
| 3 |
PFCS
Pale Fire Capital SE
Prague,
Czech Republic
|
-$61.9M |
| 4 |
VanEck Associates
New York
|
-$60.2M |
| 5 |
Two Sigma Advisers
New York
|
-$28.6M |
BTG Hedge Fund Activity: Q3 2025 in Review
287 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in B2Gold (BTG) for Q3 2025, worth a combined $3.7B — up 33% from $2.78B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new BTG positions and 32 closed out — a net gain of 30 holders — while 101 added to existing stakes and 79 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $83.5M. The largest seller was Citadel Advisors, cutting an estimated $93.7M.
- 287 institutional investors held B2Gold (BTG) as of Q3 2025, up from 257 in Q2 2025.
- Funds reported $3.7B of B2Gold stock for Q3 2025, up 33% quarter-over-quarter.
- 62 funds opened new B2Gold positions in Q3 2025 and 32 closed out, a net change of +30 holders.
- The largest B2Gold buyer in Q3 2025 was Fidelity Investments, an estimated $83.5M added.
- The largest B2Gold seller in Q3 2025 was Citadel Advisors, an estimated $93.7M sold.
Based on aggregated 13F filings for Q3 2025.