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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
TC
151
TFS Capital
Pennsylvania
$507K -$3.78M -791,357 -87%
BHA
152
Beech Hill Advisors
New York
$475K -$104K -21,700 -17%
WAM
153
Wolverine Asset Management
Illinois
$457K -$35.5K -7,450 -7%
GI
154
GAMCO Investors
Connecticut
$414K +$70.6K +14,800 +19%
ICM
155
Ionic Capital Management
New York
$388K +$388K +81,284 +1,098%
SCA
156
SAC Capital Advisors
Connecticut
$386K +$408K +85,408 +3,047%
CC
157
Cipher Capital
New York
$351K +$199K +41,632 +108%
WAM
158
World Asset Management
Michigan
$349K -$111K -23,170 -23%
US Bancorp
159
US Bancorp
Minnesota
$333K +$64.5K +13,518 +22%
ID
160
Integral Derivatives
New York
$320K +$349K +73,169 New
CAM
161
Capstone Asset Management
Texas
$317K +$6.44K +1,350 +2%
AG
162
Aperio Group
California
$315K -$187K -39,145 Closed
BCIM
163
British Columbia Investment Management
British Columbia, Canada
$303K – – –
CR
164
Cooperatieve Rabobank
Netherlands
$301K +$38.6K +8,097 +13%
GCP
165
GSA Capital Partners
United Kingdom
$286K +$312K +65,316 New
PAM
166
Panagora Asset Management
Massachusetts
$279K – – –
PM
167
Penbrook Management
New York
$274K +$298K +62,515 New
BIT
168
BlackRock Institutional Trust
California
$257K +$230K +48,224 +458%
Tudor Investment Corp
169
Tudor Investment Corp
Connecticut
$250K +$272K +57,000 New
AC
170
Addison Capital
Pennsylvania
$232K +$253K +53,066 New
AEA
171
Andreeff Equity Advisors
Florida
$219K – – –
IPRC
172
Indices-Pac Research Corporation
New Jersey
$218K +$96K +20,120 +68%
BNP Paribas Financial Markets
173
BNP Paribas Financial Markets
France
$215K -$166K -34,765 -41%
KT
174
Kanaly Trust
Texas
$208K +$226K +47,446 New
JCM
175
JS Capital Management
New York
$204K +$222K +46,600 New
5 6
7
8 9

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.