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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
NTCOC
76
Northern Trust Company of Connecticut
Connecticut
$4.09M – – –
Citadel Advisors
77
Citadel Advisors
Florida
$3.94M -$267K -55,869 -6%
LC
78
Loews Corp
New York
$3.79M – – –
SAIG
79
Semper Augustus Investments Group
Colorado
$3.69M -$1.31M -275,500 -25%
TH
80
Timber Hill
Connecticut
$3.67M +$1.41M +296,455 +55%
Axa
81
Axa
France
$3.6M -$802K -168,076 -17%
OAM
82
Oxford Asset Management
United Kingdom
$3.5M -$4.81M -1,007,324 -56%
DVM
83
Dreman Value Management
Florida
$3.47M -$1.11M -233,294 -30%
Franklin Resources
84
Franklin Resources
California
$3.43M -$12.3M -2,578,000 -77%
CIBC Asset Management
85
CIBC Asset Management
Ontario, Canada
$3.28M -$13.5M -2,838,546 -79%
Vanguard Group
86
Vanguard Group
Pennsylvania
$3.25M +$17.7K +3,700 +0.5%
PP
87
Prospector Partners
Connecticut
$3.25M +$1.59M +333,600 +82%
BNP Paribas Asset Management
88
BNP Paribas Asset Management
France
$3.24M -$1.91K -401 -0.1%
SC
89
Scotia Capital
Ontario, Canada
$3.15M +$589K +123,469 +21%
Fiera Capital (Canada)
90
Fiera Capital (Canada)
Quebec, Canada
$2.95M +$150K +31,515 +5%
ACI
91
AMP Capital Investors
Australia
$2.82M +$755K +158,300 +32%
Group One Trading
92
Group One Trading
Illinois
$2.51M +$248K +52,053 +10%
DCM
93
DLS Capital Management
Illinois
$2.48M – – –
Millennium Management
94
Millennium Management
New York
$2.4M -$2.02M -424,195 -44%
DekaBank Deutsche Girozentrale
95
DekaBank Deutsche Girozentrale
Germany
$2.35M +$302K +63,211 +13%
MTB
96
Mizuho Trust & Banking
Japan
$2.19M -$5.08M -1,064,707 -69%
NCCM
97
Nine Chapters Capital Management
New Jersey
$2.17M +$1.16M +242,300 +96%
Teacher Retirement System of Texas
98
Teacher Retirement System of Texas
Texas
$2.16M -$2.86M -600,000 -55%
VKH
99
Virtu KCG Holdings
New York
$2.13M +$1.33M +278,528 +134%
HSBC Holdings
100
HSBC Holdings
United Kingdom
$2.08M +$464K +97,213 +26%
2 3
4
5 6

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.