Caledonia Mining Corp
CMCL
143 hedge funds and large institutions have $194M invested in Caledonia Mining Corp in 2025 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 53 increasing their positions, 40 reducing their positions, and 20 closing their positions.
45% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 20
33% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 40
6% more funds holding
Funds holding: 135 → 143 (+8)
3.53% more ownership
Funds ownership: 34.93% → 38.46% (+3.5%)
12% less call options, than puts
Call options by funds: $987K | Put options by funds: $1.12M
20% less capital invested
Capital invested by funds: $243M → $194M (-$49.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
+$3.43M |
| 2 |
NIG
NFJ Investment Group
Dallas,
Texas
|
+$3.32M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$2.94M |
| 4 |
Jane Street
New York
|
+$2.9M |
| 5 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$12.7M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$4.21M |
| 3 |
GRA
Goehring & Rozencwajg Associates
New York
|
-$2.02M |
| 4 |
EI
EAM Investors
Solana Beach,
California
|
-$1.1M |
| 5 |
Rockefeller Capital Management
New York
|
-$1.07M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CW
151
CreativeOne Wealth
Overland Park,
Kansas
| – | -$360K | -9,951 | Closed |
|
|
PA
152
PharVision Advisers
Boca Raton,
Florida
| – | -$334K | -9,217 | Closed |
|
|
KWM
153
Kiker Wealth Management
Jasper,
Georgia
| – | -$327K | -9,017 | Closed |
|
|
KAS
154
Kestra Advisory Services
Austin,
Texas
| – | -$290K | -8,000 | Closed |
|
155
Creative Planning
Overland Park,
Kansas
| – | -$254K | -7,017 | Closed |
|
|
DADC
156
D.A. Davidson & Co
Great Falls,
Montana
| – | -$253K | -7,000 | Closed |
|
|
EGM
157
Engineers Gate Manager
New York
| – | -$247K | -6,817 | Closed |
|
|
SOW
158
State of Wyoming
Cheyenne,
Wyoming
| – | -$217K | -5,997 | Closed |
|
|
PP
159
PDT Partners
New York
| – | -$207K | -5,718 | Closed |
|
|
BCV
160
Banque Cantonale Vaudoise
Lausanne,
Switzerland
| – | -$64K | -1,790 | Closed |
|
|
ASN
161
Advisory Services Network
Atlanta,
Georgia
| – | -$253 | -7 | Closed |
|
|
CA
162
Clearstead Advisors
Cleveland,
Ohio
| – | -$145 | -4 | Closed |
|
CMCL Hedge Fund Activity: Q4 2025 in Review
143 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Caledonia Mining Corp (CMCL) for Q4 2025, worth a combined $194M — down 20% from $243M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new CMCL positions and 20 closed out — a net gain of 9 holders — while 53 added to existing stakes and 40 trimmed.
The largest buyer was U.S. Global Investors (USGI), adding an estimated $3.43M. The largest seller was Orbis Allan Gray, cutting an estimated $12.7M.
- 143 institutional investors held Caledonia Mining Corp (CMCL) as of Q4 2025, up from 135 in Q3 2025.
- Funds reported $194M of Caledonia Mining Corp stock for Q4 2025, down 20% quarter-over-quarter.
- 29 funds opened new Caledonia Mining Corp positions in Q4 2025 and 20 closed out, a net change of +9 holders.
- The largest Caledonia Mining Corp buyer in Q4 2025 was U.S. Global Investors (USGI), an estimated $3.43M added.
- The largest Caledonia Mining Corp seller in Q4 2025 was Orbis Allan Gray, an estimated $12.7M sold.
Based on aggregated 13F filings for Q4 2025.