Kinross Gold
KGC
241 hedge funds and large institutions have $3.26B invested in Kinross Gold in 2016 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 76 increasing their positions, 96 reducing their positions, and 26 closing their positions.
20% more call options, than puts
Call options by funds: $53.4M | Put options by funds: $44.4M
1.65% less ownership
Funds ownership: 63.2% → 61.54% (-1.7%)
3% less funds holding
Funds holding: 248 → 241 (-7)
15% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 26
16% less capital invested
Capital invested by funds: $3.86B → $3.26B (-$608M)
21% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 96
63% less funds holding in top 10
Funds holding in top 10: 8 → 3 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAMG
Odey Asset Management Group
London,
United Kingdom
|
+$98.8M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$68.7M |
| 3 |
VanEck Associates
New York
|
+$47.6M |
| 4 |
Ninety One (UK)
London,
United Kingdom
|
+$17M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$15.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
H
Hexavest
Montreal,
Quebec, Canada
|
-$53M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$46.3M |
| 3 |
Renaissance Technologies
New York
|
-$37.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$35.9M |
| 5 |
DSC
Donald Smith & Co
New York
|
-$34.2M |
KGC Hedge Fund Activity: Q3 2016 in Review
241 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Kinross Gold (KGC) for Q3 2016, worth a combined $3.26B — down 16% from $3.86B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of KGC and 22 opened new positions — a net loss of 4 holders — while 96 trimmed existing stakes and 76 added.
The largest buyer was Odey Asset Management Group, adding an estimated $98.8M. The largest seller was Hexavest, cutting an estimated $53M.
- 241 institutional investors held Kinross Gold (KGC) as of Q3 2016, down from 248 in Q2 2016.
- Funds reported $3.26B of Kinross Gold stock for Q3 2016, down 16% quarter-over-quarter.
- 22 funds opened new Kinross Gold positions in Q3 2016 and 26 closed out, a net change of -4 holders.
- The largest Kinross Gold buyer in Q3 2016 was Odey Asset Management Group, an estimated $98.8M added.
- The largest Kinross Gold seller in Q3 2016 was Hexavest, an estimated $53M sold.
Based on aggregated 13F filings for Q3 2016.