Centerra Gold

CGAU

Market cap $3.03B

186 hedge funds and large institutions have $1.95B invested in Centerra Gold in 2025 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 58 increasing their positions, 68 reducing their positions, and 16 closing their positions.

New

Increased

Maintained

Reduced

Closed

278% more call options, than puts

Call options by funds: $9.24M | Put options by funds: $2.44M

156% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 16

31% more capital invested

Capital invested by funds: $1.48B → $1.95B (+$465M)

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

11% more funds holding

Funds holding: 167 → 186 (+19)

1.25% less ownership

Funds ownership: 68.11% → 66.87% (-1.2%)

15% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 68

Holders

186

Holders Change

+19

Holders Change %

+11.38%

% of All Funds

2.26%

Holding in Top 10

Holding in Top 10 Change

Holding in Top 10 Change %

+20%

% of All Funds

0.07%

New

Increased

Reduced

Closed

Calls

$9.24M

Puts

$2.44M

Net Calls

+$6.8M

Net Calls Change

-$10.5M

Top Buyers

1	DSC Donald Smith & Co New York	+$31.7M
2	Fidelity International Hamilton, Bermuda	+$31.3M
3	MIM Merewether Investment Management Dallas, Texas	+$28.2M
4	HIM Hillsdale Investment Management Toronto, Ontario, Canada	+$17M
5	Mackenzie Financial Toronto Ontario, Ontario, Canada	+$13.8M

Top Sellers

1	WCA Waratah Capital Advisors Toronto, Ontario, Canada	-$40.7M
2	Royal Bank of Canada Toronto, Ontario, Canada	-$40.5M
3	RL Ruffer LLP London, United Kingdom	-$33.2M
4	Goldman Sachs New York	-$23M
5	PFCS Pale Fire Capital SE Prague, Czech Republic	-$21.8M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
26	HCC 26 Hatch Cove Capital Chicago, Illinois	$18M	+$15.7M	+1,252,700	New
27	27 Royal Bank of Canada Toronto, Ontario, Canada	$15.3M	-$40.5M	-3,231,570	-75%
28	28 Legal & General Group London, United Kingdom	$15M	-$542K	-43,334	-4%
29	29 National Bank of Canada Montreal, Quebec, Canada	$14.9M	+$7.07M	+565,045	+120%
30	30 DZ Bank Frankfurt Am Main, Germany	$12.9M	–	–	–
31	31 Two Sigma Investments New York	$12.3M	+$3.14M	+250,479	+42%
32	32 Charles Schwab San Francisco, California	$11.6M	-$730K	-58,286	-7%
33	33 Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$11.5M	+$549K	+43,871	+6%
34	34 Man Group London, United Kingdom	$11.4M	-$18.8M	-1,499,410	-65%
35	35 TD Asset Management Toronto, Ontario, Canada	$11.1M	-$8.99M	-718,386	-48%
36	36 Ohio Public Employees Retirement System (OPERS) Columbus, Ohio	$11M	-$69.4K	-5,544	-0.7%
37	37 JP Morgan Chase New York	$10.9M	-$7.64M	-610,734	-45%
38	38 D.E. Shaw & Co New York	$10.8M	-$4.48M	-358,000	-32%
39	USGIU 39 U.S. Global Investors (USGI) San Antonio, Texas	$10.4M	+$9.04M	+721,921	New
40	40 Toronto Dominion Bank Toronto, Ontario, Ontario, Canada	$10.3M	+$1.65M	+132,109	+23%
41	41 Jane Street New York	$10.2M	+$930K	+74,329	+12%
42	42 Russell Investments Group London, United Kingdom	$9.98M	-$695K	-55,515	-7%
43	43 Two Sigma Advisers New York	$9.95M	-$2.02M	-161,100	-19%
44	44 Millennium Management New York	$9.25M	-$21.7M	-1,729,578	-73%
45	EA 45 Extract Advisors Calabasas, California	$8.72M	+$7.58M	+605,600	New
46	EDRH 46 Edmond de Rothschild Holding Chambesy, Switzerland	$8.66M	-$12.5M	-1,000,000	-63%
47	PFCS 47 Pale Fire Capital SE Prague, Czech Republic	$8.5M	-$21.8M	-1,744,656	-75%
48	QC 48 Quadrature Capital London, United Kingdom	$8.3M	-$4.26M	-340,716	-37%
49	49 Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada	$8.23M	–	–	–
50	GLF 50 Groupe la Francaise Paris, France	$8.2M	+$497K	+39,700	+7%