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Kinross Gold
KGC

248 hedge funds and large institutions have $2.84B invested in Kinross Gold in 2013 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 75 increasing their positions, 91 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more call options, than puts

Call options by funds: $116M | Put options by funds: $76.1M

14% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 37

1% more funds holding

Funds holding: 245 → 248 (+3)

1.45% less ownership

Funds ownership: 57.09% → 55.63% (-1.5%)

14% less capital invested

Capital invested by funds: $3.29B → $2.84B (-$450M)

18% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 91

50% less funds holding in top 10

Funds holding in top 10: 6 → 3 (-3)

Holders
248
Holders Change
+3
Holders Change %
+1.22%
% of All Funds
7.2%
Holding in Top 10
3
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-50%
% of All Funds
0.09%
New
42
Increased
75
Reduced
91
Closed
37
Calls
$116M
Puts
$76.1M
Net Calls
+$39.7M
Net Calls Change
+$64.8M

Top Buyers

1
First Eagle Investment Management
First Eagle Investment Management
New York
+$63.4M
2
CS
Credit Suisse
Switzerland
+$34.1M
3
Artisan Partners
Artisan Partners
Wisconsin
+$28.4M
4
O
OppenheimerFunds
New York
+$19.2M
5
Invesco
Invesco
Georgia
+$17M

Top Sellers

1
Jennison Associates
Jennison Associates
New York
-$60.7M
2
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$57.8M
3
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
-$15.6M
4
SVG
Sun Valley Gold
Idaho
-$14.4M
5
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
-$13.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Manulife (Manufacturers Life Insurance)
226
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$8.31K -$451K -94,589 -5%
CGT
227
Capital Guardian Trust
California
$8K – – –
MIM
228
Macroview Investment Management
Maryland
$8K – – –
Northwestern Mutual Wealth Management
229
Northwestern Mutual Wealth Management
Wisconsin
$7K -$1.62K -340 -17%
HIM
230
Hillsdale Investment Management
Ontario, Canada
$6K -$2.39K -500 -28%
MFBTD
231
MB Financial Bank - Trust Department
Illinois
$4K – – –
MI
232
Markston International
New York
$3K – – –
ASN
233
Advisory Services Network
Georgia
$3K +$3.34K +700 New
GT
234
Glenmede Trust
Pennsylvania
$2K – – –
LIA
235
LS Investment Advisors
Michigan
$2K – – –
CFA
236
Carroll Financial Associates
North Carolina
$1K – – –
First Manhattan
237
First Manhattan
New York
$1K – – –
HRIA
238
Haberer Registered Investment Advisor
Ohio
$1K – – –
M&T Bank
239
M&T Bank
New York
$1K – – –
PSI
240
Pinnacle Summer Investments
Virginia
$1K – – –
TDC
241
Thompson Davis & Co
Virginia
$1K +$658 +138 New
FAM
242
Formidable Asset Management
Ohio
$1K +$1.05K +220 New
Caisse de Depot et Placement du Quebec (CDPQ)
243
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
– -$15.6M -3,081,029 Closed
GRP
244
Geologic Resource Partners
Massachusetts
– -$11.1M -2,205,500 Closed
CAM
245
Centre Asset Management
New York
– -$5M -990,980 Closed
IIM
246
Intact Investment Management
Quebec, Canada
– -$3.31M -638,300 Closed
PP
247
PDT Partners
New York
– -$2.53M -501,189 Closed
DR
248
Davis Rea
Ontario, Canada
– -$2.27M -450,830 Closed
SIM
249
Sentry Investment Management
Wisconsin
– -$2.01M -398,800 Closed
BCM
250
BBT Capital Management
Texas
– -$1.5M -297,802 Closed
8 9
10
11 12

KGC Hedge Fund Activity: Q4 2013 in Review

248 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Kinross Gold (KGC) for Q4 2013, worth a combined $2.84B — down 14% from $3.29B a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new KGC positions and 37 closed out — a net gain of 5 holders — while 75 added to existing stakes and 91 trimmed.

The largest buyer was First Eagle Investment Management, adding an estimated $63.4M. The largest seller was Jennison Associates, cutting an estimated $60.7M.

  • 248 institutional investors held Kinross Gold (KGC) as of Q4 2013, up from 245 in Q3 2013.
  • Funds reported $2.84B of Kinross Gold stock for Q4 2013, down 14% quarter-over-quarter.
  • 42 funds opened new Kinross Gold positions in Q4 2013 and 37 closed out, a net change of +5 holders.
  • The largest Kinross Gold buyer in Q4 2013 was First Eagle Investment Management, an estimated $63.4M added.
  • The largest Kinross Gold seller in Q4 2013 was Jennison Associates, an estimated $60.7M sold.

Based on aggregated 13F filings for Q4 2013.