Seabridge Gold
165 hedge funds and large institutions have $411M invested in Seabridge Gold in 2025 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 72 increasing their positions, 37 reducing their positions, and 30 closing their positions.
95% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 37
11% more capital invested
Capital invested by funds: $371M → $411M (+$39.7M)
2.61% more ownership
Funds ownership: 35.74% → 38.35% (+2.6%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less call options, than puts
Call options by funds: $14.1M | Put options by funds: $14.4M
7% less funds holding
Funds holding: 177 → 165 (-12)
33% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
+$51M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$5.64M |
| 3 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$5.25M |
| 4 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
+$4.27M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$3.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$40.5M |
| 2 |
VanEck Associates
New York
|
-$5.71M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$3.61M |
| 4 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$2.07M |
| 5 |
Morgan Stanley
New York
|
-$1.93M |
SA Hedge Fund Activity: Q1 2025 in Review
165 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Seabridge Gold (SA) for Q1 2025, worth a combined $411M — up 11% from $371M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of SA and 20 opened new positions — a net loss of 10 holders — while 37 trimmed existing stakes and 72 added.
The largest buyer was Kopernik Global Investors, adding an estimated $51M. The largest seller was National Bank of Canada, cutting an estimated $40.5M.
- 165 institutional investors held Seabridge Gold (SA) as of Q1 2025, down from 177 in Q4 2024.
- Funds reported $411M of Seabridge Gold stock for Q1 2025, up 11% quarter-over-quarter.
- 20 funds opened new Seabridge Gold positions in Q1 2025 and 30 closed out, a net change of -10 holders.
- The largest Seabridge Gold buyer in Q1 2025 was Kopernik Global Investors, an estimated $51M added.
- The largest Seabridge Gold seller in Q1 2025 was National Bank of Canada, an estimated $40.5M sold.
Based on aggregated 13F filings for Q1 2025.