Who owns B2Gold (BTG)
Which tracked institutional funds hold BTG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BTG company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
39 tracked funds added or opened BTG while 107 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BTG’s largest tracked holder by dollar value, VAN ECK ASSOCIATES CORP, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BTG divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 289 tracked filers holding BTG, 149 increased or opened the position and 139 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BTG between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 9
- L1 Capital Pty Ltd$183M
- Equinox Partners Investment Management LLC$23M
- Fideuram Asset Management (Ireland) dac$2M
- Jefferies Financial Group Inc.$2M
- Journey Advisory Group, LLC$1M
- Walleye Trading LLC$968K
Full exits 26
- TT International Asset Management LTD$43M
- ACADIAN ASSET MANAGEMENT LLC$41M
- Maple Rock Capital Partners Inc.$37M
- Euro Pacific Asset Management, LLC$37M
- Amundi$34M
- Quadrature Capital Ltd$10M
Largest adds
- Connor, Clark & Lunn Investment Management Ltd.$36M
- BARCLAYS PLC$16M
- SCHRODER INVESTMENT MANAGEMENT GROUP$16M
- TD Asset Management Inc$16M
- CANADA PENSION PLAN INVESTMENT BOARD$14M
- ROYAL BANK OF CANADA$13M
Largest trims
- VAN ECK ASSOCIATES CORP$91M
- JANE STREET GROUP, LLC$81M
- Pale Fire Capital SE$74M
- TWO SIGMA INVESTMENTS, LP$59M
- D. E. Shaw & Co., Inc.$56M
- GOLDMAN SACHS GROUP INC$33M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| VAN ECK ASSOCIATES CORP trimmed | 91,117,587 | $341M | 12.1% | 2026-Q2 |
| Pale Fire Capital SE trimmed | 64,560,777 | $241M | 8.6% | 2026-Q2 |
| L1 Capital Pty Ltd new | 48,837,914 | $183M | 6.5% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 39,292,636 | $147M | 5.2% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 36,883,452 | $138M | 4.9% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 36,461,952 | $136M | 4.8% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 35,304,688 | $132M | 4.7% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 28,768,407 | $108M | 3.8% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 24,801,181 | $93M | 3.3% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 19,115,687 | $72M | 2.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 18,546,048 | $69M | 2.5% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 17,101,670 | $64M | 2.3% | 2026-Q2 |
| MORGAN STANLEY added | 16,339,149 | $61M | 2.2% | 2026-Q2 |
| NORGES BANK trimmed | 14,673,503 | $55M | 1.9% | 2026-Q2 |
| Condire Management, LP | 11,571,607 | $43M | 1.5% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 11,168,147 | $42M | 1.5% | 2026-Q2 |
| TD Asset Management Inc added | 10,728,623 | $40M | 1.4% | 2026-Q2 |
| FIL Ltd added | 10,163,503 | $38M | 1.4% | 2026-Q2 |
| First Eagle Investment Management, LLC | 9,702,684 | $36M | 1.3% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 8,781,521 | $33M | 1.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 8,552,263 | $32M | 1.1% | 2026-Q2 |
| SCHRODER INVESTMENT MANAGEMENT GROUP added | 8,234,950 | $31M | 1.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 7,607,211 | $28M | 1.0% | 2026-Q2 |
| MAC Alpha Capital Management, LP added | 7,226,814 | $27M | 1.0% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 7,187,954 | $38M | 1.4% | 2026-Q2 |
| Legal & General Group Plc trimmed | 7,067,390 | $27M | 0.9% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 6,331,176 | $24M | 0.8% | 2026-Q2 |
| Equinox Partners Investment Management LLC added | 6,020,795 | $23M | 0.8% | 2026-Q2 |
| BARCLAYS PLC added | 5,355,162 | $20M | 0.7% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 5,323,596 | $20M | 0.7% | 2026-Q2 |
| UBS Group AG added | 5,236,354 | $20M | 0.7% | 2026-Q2 |
| TORONTO DOMINION BANK added | 5,194,211 | $19M | 0.7% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 5,005,525 | $19M | 0.7% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 4,707,496 | $18M | 0.6% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 4,477,026 | $17M | 0.6% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 4,374,047 | $16M | 0.6% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 4,250,096 | $16M | 0.6% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 4,205,387 | $16M | 0.6% | 2026-Q2 |
| Regal Partners Ltd added | 3,953,132 | $15M | 0.5% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 3,946,100 | $15M | 0.5% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 3,794,424 | $14M | 0.5% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 3,740,649 | $14M | 0.5% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 3,579,443 | $17M | 0.6% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 3,572,200 | $13M | 0.5% | 2026-Q2 |
| EASTERLY INVESTMENT PARTNERS LLC added | 3,321,353 | $12M | 0.4% | 2026-Q2 |
| Squarepoint Ops LLC added | 3,262,539 | $12M | 0.4% | 2026-Q2 |
| JUPITER ASSET MANAGEMENT LTD added | 2,889,304 | $11M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 2,597,303 | $10M | 0.3% | 2026-Q2 |
| CIBC WORLD MARKET INC. trimmed | 2,589,399 | $10M | 0.3% | 2026-Q2 |
| Swiss National Bank added | 2,573,423 | $10M | 0.3% | 2026-Q2 |
| Man Group plc trimmed | 2,470,474 | $9M | 0.3% | 2026-Q2 |
| Allianz Asset Management GmbH | 2,448,130 | $11M | 0.4% | 2026-Q2 |
| Jump Financial, LLC trimmed | 2,175,897 | $8M | 0.3% | 2026-Q2 |
| Merk Investments LLC | 2,000,000 | $7M | 0.3% | 2026-Q2 |
| Groupe la Francaise added | 1,900,000 | $7M | 0.3% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 1,892,940 | $7M | 0.3% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 1,830,315 | $7M | 0.2% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 1,643,536 | $6M | 0.2% | 2026-Q2 |
| BlackRock, Inc. added | 1,408,302 | $5M | 0.2% | 2026-Q2 |
| CIBC Asset Management Inc added | 1,341,342 | $5M | 0.2% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 1,263,942 | $5M | 0.2% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 1,260,851 | $5M | 0.2% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 1,234,412 | $5M | 0.2% | 2026-Q2 |
| GROUP ONE TRADING LLC trimmed | 1,204,310 | $5M | 0.2% | 2026-Q2 |
| McAlvany Wealth Management LLC added | 1,198,966 | $4M | 0.2% | 2026-Q2 |
| Pavaki Capital Management LLC | 1,180,000 | $4M | 0.2% | 2026-Q2 |
| SIG North Trading, ULC trimmed | 1,171,530 | $4M | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 1,167,199 | $4M | 0.2% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 1,154,092 | $4M | 0.2% | 2026-Q2 |
| Eurizon Capital SGR S.p.A. added | 1,001,316 | $4M | 0.1% | 2026-Q2 |
| Verition Fund Management LLC trimmed | 1,000,000 | $4M | 0.1% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 1,000,000 | $4M | 0.1% | 2026-Q2 |
| Nuveen, LLC added | 995,894 | $4M | 0.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 914,099 | $3M | 0.1% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 818,836 | $3M | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 773,681 | $3M | 0.1% | 2026-Q2 |
| CITIGROUP INC trimmed | 754,563 | $3M | 0.1% | 2026-Q2 |
| PRELUDE CAPITAL MANAGEMENT, LLC trimmed | 740,000 | $3M | 0.1% | 2026-Q2 |
| Assenagon Asset Management S.A. added | 699,493 | $3M | 0.1% | 2026-Q2 |
| SPROTT INC. added | 695,251 | $3M | 0.1% | 2026-Q2 |
| Maryland State Retirement & Pension System added | 644,463 | $2M | 0.1% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 618,139 | $2M | 0.1% | 2026-Q2 |
| BANK OF NOVA SCOTIA trimmed | 610,853 | $2M | 0.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 603,893 | $2M | 0.1% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 602,161 | $2M | 0.1% | 2026-Q2 |
| PKO Investment Management Joint-Stock Co added | 600,277 | $2M | 0.1% | 2026-Q2 |
| IMC-Chicago, LLC trimmed | 593,052 | $2M | 0.1% | 2026-Q2 |
| Public Sector Pension Investment Board added | 499,886 | $2M | 0.1% | 2026-Q2 |
| Invesco Ltd. trimmed | 482,254 | $2M | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 481,136 | $2M | 0.1% | 2026-Q2 |
| WINMILL & CO. INC | 475,000 | $2M | 0.1% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 467,097 | $2M | 0.1% | 2026-Q2 |
| Artisan Partners Limited Partnership added | 430,900 | $2M | 0.1% | 2026-Q2 |
| Jefferies Financial Group Inc. added | 407,474 | $2M | 0.1% | 2026-Q2 |
| Journey Advisory Group, LLC new | 397,522 | $1M | 0.1% | 2026-Q2 |
| Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. added | 377,800 | $1M | 0.1% | 2026-Q2 |
| Alberta Investment Management Corp | 359,149 | $1M | 0.0% | 2026-Q2 |
| Harvest Portfolios Group Inc. trimmed | 350,899 | $1M | 0.0% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 331,411 | $1M | 0.0% | 2026-Q2 |
| Fideuram Asset Management (Ireland) dac new | 301,010 | $2M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.