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Equinox Gold
EQX

227 hedge funds and large institutions have $1.77B invested in Equinox Gold in 2025 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 86 increasing their positions, 53 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 5 → 10 (+5)

67% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 30

62% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 53

44% more capital invested

Capital invested by funds: $1.23B → $1.77B (+$544M)

9% more funds holding

Funds holding: 209 → 227 (+18)

3.09% more ownership

Funds ownership: 53.43% → 56.52% (+3.1%)

25% less call options, than puts

Call options by funds: $14.5M | Put options by funds: $19.5M

Holders
227
Holders Change
+18
Holders Change %
+8.61%
% of All Funds
3.04%
Holding in Top 10
10
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+100%
% of All Funds
0.13%
New
50
Increased
86
Reduced
53
Closed
30
Calls
$14.5M
Puts
$19.5M
Net Calls
-$4.95M
Net Calls Change
+$3.69M

Top Buyers

Rank Fund Capital Flow
1
LC
L1 Capital
Australia
+$36.6M
2
Voloridge Investment Management
Voloridge Investment Management
Florida
+$26.6M
3
HI
Helikon Investments
United Kingdom
+$25.1M
4
Two Sigma Investments
Two Sigma Investments
New York
+$23.5M
5
Citadel Advisors
Citadel Advisors
Florida
+$13.7M

Top Sellers

Rank Fund Capital Flow
1
ORP
Orion Resource Partners
New York
-$57.7M
2
Citigroup
Citigroup
New York
-$21.6M
3
DSC
Donald Smith & Co
New York
-$20.1M
4
SI
Sprott Inc
Ontario, Canada
-$20M
5
VanEck Associates
VanEck Associates
New York
-$16.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$13.1M +$7.47M +1,165,906 +158%
Morgan Stanley
27
Morgan Stanley
New York
$12.9M +$6.82M +1,064,739 +130%
Goldman Sachs
28
Goldman Sachs
New York
$12.8M +$3.14M +490,251 +36%
RL
29
Ruffer LLP
United Kingdom
$12.2M +$7.52M +1,173,460 +195%
Russell Investments Group
30
Russell Investments Group
United Kingdom
$11M -$3.98M -621,445 -28%
GRA
31
Goehring & Rozencwajg Associates
New York
$10.9M +$220K +34,373 +2%
Two Sigma Advisers
32
Two Sigma Advisers
New York
$10.8M +$10M +1,566,400 New
CRAM
33
Compass Rose Asset Management
New York
$10.3M -$641K -100,000 -6%
JF
34
Jump Financial
Illinois
$9.93M +$9.25M +1,443,800 New
TD Asset Management
35
TD Asset Management
Ontario, Canada
$9.5M +$373K +58,242 +4%
ICM
36
Invenomic Capital Management
Massachusetts
$9.09M +$639K +99,691 +8%
AAM
37
Alpine Associates Management
Florida
$8.83M +$8.23M +1,284,600 New
CSS
38
Cubist Systematic Strategies
Connecticut
$8.46M +$7.88M +1,229,256 New
National Bank of Canada
39
National Bank of Canada
Quebec, Canada
$8.35M -$2.16M -337,317 -22%
Bank of America
40
Bank of America
North Carolina
$8.17M +$5.52M +861,130 +263%
Legal & General Group
41
Legal & General Group
United Kingdom
$7.92M +$58.3K +9,099 +0.8%
SAM
42
Shell Asset Management
Netherlands
$7.82M -$299K -46,594 -4%
EPAM
43
Euro Pacific Asset Management
Puerto Rico
$7.48M -$6.7M -1,044,766 -49%
BIG
44
Builder Investment Group
Georgia
$7.32M +$151K +23,500 +2%
Millennium Management
45
Millennium Management
New York
$6.88M +$6.41M +1,000,414 New
UBS AM
46
UBS AM
Illinois
$5.37M +$3.11M +485,567 +165%
Jane Street
47
Jane Street
New York
$5.31M +$2.72M +424,067 +122%
Swiss National Bank
48
Swiss National Bank
Switzerland
$5.19M +$177K +27,600 +4%
SC
49
Sagil Capital
United Kingdom
$4.84M +$6.48M +1,010,600 New
Norges Bank
50
Norges Bank
Norway
$4.75M -$2.34M -365,597 -35%
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EQX Hedge Fund Activity: Q1 2025 in Review

227 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Equinox Gold (EQX) for Q1 2025, worth a combined $1.77B — up 44% from $1.23B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new EQX positions and 30 closed out — a net gain of 20 holders — while 86 added to existing stakes and 53 trimmed.

The largest buyer was L1 Capital, adding an estimated $36.6M. The largest seller was Orion Resource Partners, cutting an estimated $57.7M.

  • 227 institutional investors held Equinox Gold (EQX) as of Q1 2025, up from 209 in Q4 2024.
  • Funds reported $1.77B of Equinox Gold stock for Q1 2025, up 44% quarter-over-quarter.
  • 50 funds opened new Equinox Gold positions in Q1 2025 and 30 closed out, a net change of +20 holders.
  • The largest Equinox Gold buyer in Q1 2025 was L1 Capital, an estimated $36.6M added.
  • The largest Equinox Gold seller in Q1 2025 was Orion Resource Partners, an estimated $57.7M sold.

Based on aggregated 13F filings for Q1 2025.