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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
First Eagle Investment Management
1
First Eagle Investment Management
New York
$388M +$63.4M +13,289,279 +18%
VanEck Associates
2
VanEck Associates
New York
$331M -$8.14M -1,705,815 -2%
Artisan Partners
3
Artisan Partners
Wisconsin
$224M +$28.4M +5,958,148 +13%
Invesco
4
Invesco
Georgia
$137M +$17M +3,562,451 +13%
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$126M -$9.78M -2,050,232 -7%
PP
6
Prudential plc
United Kingdom
$123M – – –
Toronto Dominion Bank
7
Toronto Dominion Bank
Ontario, Canada
$73M -$57.8M -12,119,989 -74%
CIBC World Market
8
CIBC World Market
Ontario, Canada
$72.7M -$3.51M -734,720 -4%
AGA
9
Altrinsic Global Advisors
Connecticut
$71.6M +$9.82M +2,058,868 +14%
Lazard Asset Management
10
Lazard Asset Management
New York
$66.2M -$3.13M -656,300 -4%
Fidelity Investments
11
Fidelity Investments
Massachusetts
$64.2M +$6.85M +1,435,059 +11%
RL
12
Ruffer LLP
United Kingdom
$43.6M +$4.21M +881,798 +10%
Mackenzie Financial
13
Mackenzie Financial
Ontario, Canada
$40.2M +$6.35M +1,330,913 +17%
TD Asset Management
14
TD Asset Management
Ontario, Canada
$39.9M -$2.64M -554,159 -6%
Ninety One (UK)
15
Ninety One (UK)
United Kingdom
$37.3M -$8.24M -1,726,348 -17%
TGI
16
Tradewinds Global Investors
California
$35.4M +$11.8M +2,473,477 +44%
JP Morgan Chase
17
JP Morgan Chase
New York
$34.2M -$3.29M -689,351 -8%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$34.1M -$9.42M -1,974,520 -20%
Credit Agricole
19
Credit Agricole
France
$32.4M +$1.93M +404,746 +6%
Jennison Associates
20
Jennison Associates
New York
$32.3M -$60.7M -12,732,364 -63%
USAA
21
United Services Automobile Association
Texas
$31.3M -$6.35M -1,330,000 -16%
CS
22
Credit Suisse
Switzerland
$31.3M +$34.1M +7,138,146 New
APG Asset Management
23
APG Asset Management
Netherlands
$30.4M +$12.1M +2,544,440 +58%
TAM
24
Third Avenue Management
New York
$29.9M +$1.22M +256,156 +4%
DLPIC
25
Davide Leone & Partners Investment Company
United Kingdom
$28.7M – – –
1
2 3 4 5

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.