Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in BTG held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | VAN ECK ASSOCIATES CORP | 91.1M | $340.8M | -4.5% | 6.838% | 0.21% |
| 2 | Pale Fire Capital SE | 64.6M | $241.5M | -7.4% | 4.845% | 17.07% |
| 3 | L1 Capital Pty Ltd | 48.8M | $182.7M | — | 3.665% | 6.14% |
| 4 | AMERICAN CENTURY COMPANIES INC | 39.3M | $147.3M | +12.3% | 2.949% | 0.07% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 36.9M | $138.3M | -0.2% | 2.768% | 0.00% |
| 6 | TWO SIGMA INVESTMENTS, LP | 36.5M | $136.4M | -15.3% | 2.736% | 0.10% |
| 7 | DIMENSIONAL FUND ADVISORS LP | 35.3M | $132.0M | +5.5% | 2.650% | 0.02% |
| 8 | Connor, Clark & Lunn Investment Management Ltd. | 28.8M | $107.8M | +81.3% | 2.159% | 0.20% |
| 9 | MILLENNIUM MANAGEMENT LLC | 25.0M | $93.5M | +8.1% | 1.876% | 0.03% |
| 10 | D. E. Shaw & Co., Inc. | 19.1M | $71.5M | -32.3% | 1.435% | 0.03% |
| 11 | GOLDMAN SACHS GROUP INC | 18.5M | $69.4M | -18.3% | 1.392% | 0.01% |
| 12 | DEUTSCHE BANK AG\ | 17.1M | $64.0M | +0.0% | 1.283% | 0.02% |
| 13 | MORGAN STANLEY | 16.3M | $61.1M | +35.5% | 1.226% | 0.00% |
| 14 | NORGES BANK | 14.7M | $55.0M | — | 1.101% | 0.01% |
| 15 | Condire Management, LP | 11.6M | $43.3M | 0.0% | 0.869% | 4.59% |
| 16 | VANGUARD FIDUCIARY TRUST CO | 11.2M | $41.9M | -0.8% | 0.838% | 0.01% |
| 17 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 11.1M | $41.5M | -26.1% | 0.832% | 0.00% |
| 18 | TD ASSET MANAGEMENT INC | 10.7M | $40.2M | +98.3% | 0.805% | 0.03% |
| 19 | MACKENZIE FINANCIAL CORP | 7.2M | $38.2M | +0.5% | 0.539% | 0.04% |
| 20 | FIL Ltd | 10.2M | $38.1M | +0.9% | 0.763% | 0.03% |
| 21 | First Eagle Investment Management, LLC | 9.7M | $36.4M | 0.0% | 0.728% | 0.03% |
| 22 | BANK OF MONTREAL /CAN/ | 9.0M | $33.8M | -22.5% | 0.677% | 0.01% |
| 23 | BANK OF AMERICA CORP /DE/ | 8.6M | $32.0M | -29.0% | 0.642% | 0.00% |
| 24 | SCHRODER INVESTMENT MANAGEMENT GROUP | 8.2M | $30.8M | +131.9% | 0.618% | 0.02% |
| 25 | MAC Alpha Capital Management, LP | 7.2M | $27.1M | +47.0% | 0.542% | 6.31% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in BTG — a direct measure of their conviction.
Filings activity in BTG during Q2 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 307 | +2.3% | 61.08% | +3.61 pp | $2.96B | +0.2% |
| Q1 2026 | 300 | +4.2% | 57.47% | 2.51 pp | $2.95B | 2.8% |
| Q4 2025 | 288 | +1.8% | 59.98% | +3.20 pp | $3.03B | 2.7% |
| Q3 2025 | 283 | +13% | 56.78% | 0.40 pp | $3.12B | +34% |
| Q2 2025 | 251 | +1.6% | 57.18% | +3.09 pp | $2.33B | +45% |
| Q1 2025 | 247 | +5.6% | 54.09% | +17.82 pp | $1.60B | +36% |
| Q4 2024 | 234 | 3.7% | 36.27% | +2.72 pp | $1.18B | 14% |
| Q3 2024 | 243 | — | 33.55% | — | $1.38B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying BTG stock.
Based on Q2 2026 13F filings, institutional ownership of B2Gold Corp. stands at 61.1%, held across 307 reporting institutions.
VAN ECK ASSOCIATES CORP is the largest reported institutional holder of BTG, with approximately 91,117,587 shares worth $0.34B as of Q2 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of BTG, including TWO SIGMA INVESTMENTS, LP, MILLENNIUM MANAGEMENT LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for BTG is 72 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
45 institutions opened new positions in BTG during Q2 2026, while 42 fully exited. 59 added to existing positions and 190 trimmed.
BTG institutional ownership rose by 3.61 percentage points quarter-over-quarter, with a net change of +7 holders.
The top 10 institutions account for 53.8% of all reported 13F value in BTG, and the top 25 account for 75.9%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
B2Gold Corp. (BTG) Institutional Ownership