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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
Macquarie Group
126
Macquarie Group
Australia
$897K +$368K +77,219 +61%
Nomura Holdings
127
Nomura Holdings
Japan
$888K -$38.7K -8,110 -4%
VRS
128
Virginia Retirement Systems
Virginia
$877K -$211K -44,200 -18%
LCM
129
Leonard Capital Management
Florida
$876K +$954K +200,000 New
CBOA
130
Commonwealth Bank of Australia
Australia
$868K +$9.06K +1,900 +1%
CG
131
Clinton Group
New York
$769K -$244K -51,055 -23%
PRC
132
Platte River Capital
Colorado
$758K -$180K -37,760 -18%
N
133
Natixis
France
$748K -$166K -34,704 -17%
DRGI
134
del Rey Global Investors
California
$703K -$1.75M -367,702 -70%
Two Sigma Advisers
135
Two Sigma Advisers
New York
$699K +$761K +159,600 New
GT
136
Glenview Trust
Kentucky
$691K +$752K +157,660 New
FIMG
137
Financial & Investment Management Group
Michigan
$680K +$692K +145,020 +1,404%
Comerica Bank
138
Comerica Bank
Texas
$668K -$120K -25,120 -14%
CNB
139
City National Bank
California
$657K – – –
BA
140
Bennicas & Associates
California
$650K -$123K -25,700 -15%
AQR Capital Management
141
AQR Capital Management
Connecticut
$631K +$464K +97,300 +208%
FHC
142
First Houston Capital
Texas
$626K +$682K +142,900 New
COPPSERS
143
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$617K +$672K +140,927 New
CM
144
CoreCommodity Management
Connecticut
$612K +$17.6K +3,698 +3%
Dimensional Fund Advisors
145
Dimensional Fund Advisors
Texas
$609K – – –
RPA
146
Rock Point Advisors
Vermont
$601K -$631K -132,280 -49%
PPA
147
Parametric Portfolio Associates
Washington
$577K -$138K -28,829 -18%
SCM
148
Stevens Capital Management
Pennsylvania
$565K -$1.96M -409,807 -76%
First Trust Advisors
149
First Trust Advisors
Illinois
$552K +$601K +125,990 New
NIMI
150
Natixis Investment Managers International
France
$519K -$69.2K -14,500 -11%
4 5
6
7 8

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.