Equinox Gold
305 hedge funds and large institutions have $6B invested in Equinox Gold in 2025 Q4 according to their latest regulatory filings, with 90 funds opening new positions, 85 increasing their positions, 97 reducing their positions, and 29 closing their positions.
210% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 29
121% more call options, than puts
Call options by funds: $190M | Put options by funds: $86.2M
35% more capital invested
Capital invested by funds: $4.43B → $6B (+$1.57B)
23% more funds holding
Funds holding: 247 → 305 (+58)
7% more funds holding in top 10
Funds holding in top 10: 14 → 15 (+1)
3.42% more ownership
Funds ownership: 50.38% → 53.8% (+3.4%)
12% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 97
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$299M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$84.8M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$81.4M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$67.7M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$50.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSC
Donald Smith & Co
New York
|
-$164M |
| 2 |
VanEck Associates
New York
|
-$148M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$75.8M |
| 4 |
D.E. Shaw & Co
New York
|
-$56.6M |
| 5 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$48.5M |
EQX Hedge Fund Activity: Q4 2025 in Review
305 of the 8,265 institutional investors tracked by Wall St. Rank reported a position in Equinox Gold (EQX) for Q4 2025, worth a combined $6B — up 35% from $4.43B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new EQX positions and 29 closed out — a net gain of 61 holders — while 85 added to existing stakes and 97 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $299M. The largest seller was Donald Smith & Co, cutting an estimated $164M.
- 305 institutional investors held Equinox Gold (EQX) as of Q4 2025, up from 247 in Q3 2025.
- Funds reported $6B of Equinox Gold stock for Q4 2025, up 35% quarter-over-quarter.
- 90 funds opened new Equinox Gold positions in Q4 2025 and 29 closed out, a net change of +61 holders.
- The largest Equinox Gold buyer in Q4 2025 was Fidelity International, an estimated $299M added.
- The largest Equinox Gold seller in Q4 2025 was Donald Smith & Co, an estimated $164M sold.
Based on aggregated 13F filings for Q4 2025.