B2Gold
300 hedge funds and large institutions have $3.39B invested in B2Gold in 2026 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 100 increasing their positions, 99 reducing their positions, and 40 closing their positions.
161% more call options, than puts
Call options by funds: $89.3M | Put options by funds: $34.3M
38% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 40
3% more funds holding
Funds holding: 291 → 300 (+9)
1% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 99
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
4% less capital invested
Capital invested by funds: $3.55B → $3.39B (-$159M)
2.88% less ownership
Funds ownership: 58.8% → 55.92% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFCS
Pale Fire Capital SE
Prague,
Czech Republic
|
+$153M |
| 2 |
Two Sigma Investments
New York
|
+$95.4M |
| 3 |
Goldman Sachs
New York
|
+$65.9M |
| 4 |
Jane Street
New York
|
+$48.2M |
| 5 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
+$41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$160M |
| 2 |
VanEck Associates
New York
|
-$44.7M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$44.1M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$42.5M |
| 5 |
D.E. Shaw & Co
New York
|
-$40.2M |
BTG Hedge Fund Activity: Q1 2026 in Review
300 of the 8,182 institutional investors tracked by Wall St. Rank reported a position in B2Gold (BTG) for Q1 2026, worth a combined $3.39B — down 4.5% from $3.55B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new BTG positions and 40 closed out — a net gain of 15 holders — while 100 added to existing stakes and 99 trimmed.
The largest buyer was Pale Fire Capital SE, adding an estimated $153M. The largest seller was Fidelity Investments, exiting entirely with an estimated $160M sold.
- 300 institutional investors held B2Gold (BTG) as of Q1 2026, up from 291 in Q4 2025.
- Funds reported $3.39B of B2Gold stock for Q1 2026, down 4.5% quarter-over-quarter.
- 55 funds opened new B2Gold positions in Q1 2026 and 40 closed out, a net change of +15 holders.
- The largest B2Gold buyer in Q1 2026 was Pale Fire Capital SE, an estimated $153M added.
- The largest B2Gold seller in Q1 2026 was Fidelity Investments, an estimated $160M sold.
Based on aggregated 13F filings for Q1 2026.