Centerra Gold
CGAU
142 hedge funds and large institutions have $873M invested in Centerra Gold in 2025 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 56 increasing their positions, 45 reducing their positions, and 23 closing their positions.
88% more call options, than puts
Call options by funds: $2.6M | Put options by funds: $1.38M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
24% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 45
18% more capital invested
Capital invested by funds: $742M → $873M (+$132M)
3.72% more ownership
Funds ownership: 61.45% → 65.17% (+3.7%)
4% less funds holding
Funds holding: 148 → 142 (-6)
17% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
+$30.1M |
| 2 |
Goldman Sachs
New York
|
+$29.7M |
| 3 |
PFCS
Pale Fire Capital SE
Prague,
Czech Republic
|
+$7.3M |
| 4 |
Morgan Stanley
New York
|
+$5.38M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$13.1M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$11.5M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$8M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$3.75M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$3.67M |
CGAU Hedge Fund Activity: Q1 2025 in Review
142 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Centerra Gold (CGAU) for Q1 2025, worth a combined $873M — up 18% from $742M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of CGAU and 19 opened new positions — a net loss of 4 holders — while 45 trimmed existing stakes and 56 added.
The largest buyer was Waratah Capital Advisors, opening a new position worth an estimated $30.1M. The largest seller was VanEck Associates, cutting an estimated $13.1M.
- 142 institutional investors held Centerra Gold (CGAU) as of Q1 2025, down from 148 in Q4 2024.
- Funds reported $873M of Centerra Gold stock for Q1 2025, up 18% quarter-over-quarter.
- 19 funds opened new Centerra Gold positions in Q1 2025 and 23 closed out, a net change of -4 holders.
- The largest Centerra Gold buyer in Q1 2025 was Waratah Capital Advisors, an estimated $30.1M added.
- The largest Centerra Gold seller in Q1 2025 was VanEck Associates, an estimated $13.1M sold.
Based on aggregated 13F filings for Q1 2025.