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HomeStocksBTGInstitutional Holders

BTG logoB2Gold Corp. (BTG) Institutional Ownership

Q2 2026 13F Data|Updated 2026-11-07

✨

Institutional ownership increased this quarter (+3.61 pp), though top 10 holders maintain a highly concentrated 53.8% of institutional value.

Institutional Ownership
Can exceed 100% due to securities lending, short interest, and reporting timing differences.
61.1%$3.0B total value · ▲ +3.61 pp vs prior quarter
Smart Money Score
Based on ownership concentration, fund quality, buying/selling activity, ownership indicators, and institutional trend.
72 / 100Bullish
Institutions & Flow307 holders+3 net flow (+45 / -42)

AI Insights & Key Takeaways

  • Positive Institutional Flow (+3)
  • Marquee funds including Two Sigma Investments, Lp and Millennium Management Llc maintain significant positions
  • Top 10 holders control 53.8% of institutional value
  • No Insider Signal

Top Institutional Holders of BTG

Ranked by reported Q2 2026 13F market value

Top 10 Holders
53.8%
Top 25 Holders
75.9%

Share of total reported institutional value in BTG held by the largest 10 / 25 filers.

#InstitutionShares HeldMarket ValueQoQ ChangeOwnership %% of Fund
1VAN ECK ASSOCIATES CORP91.1M$340.8M-4.5%6.838%0.21%
2Pale Fire Capital SE64.6M$241.5M-7.4%4.845%17.07%
3L1 Capital Pty Ltd48.8M$182.7M—3.665%6.14%

Quarterly Institutional Activity

Filings activity in BTG during Q2 2026, grouped by how each filer changed its position.

OverviewNew Buyers45Added To59Trimmed190Exited42
  • L1 Capital Pty Ltd$182.7M
  • Equinox Partners Investment Management LLC$22.6M
  • Fideuram Asset Management (Ireland) dac

BTG Institutional Ownership by Quarter

8 quarters of 13F filings · Δ columns show change vs prior quarter

QuarterInst. HoldersΔ HoldersOwnership %Δ OwnershipTotal 13F ValueΔ Value
Q2 2026307+2.3%61.08%+3.61 pp$2.96B+0.2%
Q1 2026300+4.2%57.47%2.51 pp$2.95B2.8%
Q4 2025288+1.8%59.98%+3.20 pp$3.03B2.7%
Q3 2025283+13%56.78%0.40 pp$3.12B+34%
Q2 2025251+1.6%57.18%+3.09 pp$2.33B+45%
Q1 2025247+5.6%

BTG — Frequently Asked Questions

Quick answers to the most common questions about buying BTG stock.

What percentage of BTG is owned by institutions?

Based on Q2 2026 13F filings, institutional ownership of B2Gold Corp. stands at 61.1%, held across 307 reporting institutions.

Who is the largest institutional holder of BTG?

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.

Is BTG a hedge fund favorite?

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.

What is BTG's Smart Money Score?

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.

How many institutions bought BTG this quarter?
4AMERICAN CENTURY COMPANIES INC39.3M$147.3M+12.3%2.949%0.07%
5VANGUARD CAPITAL MANAGEMENT LLC36.9M$138.3M-0.2%2.768%0.00%
6TWO SIGMA INVESTMENTS, LP36.5M$136.4M-15.3%2.736%0.10%
7DIMENSIONAL FUND ADVISORS LP35.3M$132.0M+5.5%2.650%0.02%
8Connor, Clark & Lunn Investment Management Ltd.28.8M$107.8M+81.3%2.159%0.20%
9MILLENNIUM MANAGEMENT LLC25.0M$93.5M+8.1%1.876%0.03%
10D. E. Shaw & Co., Inc.19.1M$71.5M-32.3%1.435%0.03%
11GOLDMAN SACHS GROUP INC18.5M$69.4M-18.3%1.392%0.01%
12DEUTSCHE BANK AG\17.1M$64.0M+0.0%1.283%0.02%
13MORGAN STANLEY16.3M$61.1M+35.5%1.226%0.00%
14NORGES BANK14.7M$55.0M—1.101%0.01%
15Condire Management, LP11.6M$43.3M0.0%0.869%4.59%
16VANGUARD FIDUCIARY TRUST CO11.2M$41.9M-0.8%0.838%0.01%
17SUSQUEHANNA INTERNATIONAL GROUP, LLP11.1M$41.5M-26.1%0.832%0.00%
18TD ASSET MANAGEMENT INC10.7M$40.2M+98.3%0.805%0.03%
19MACKENZIE FINANCIAL CORP7.2M$38.2M+0.5%0.539%0.04%
20FIL Ltd10.2M$38.1M+0.9%0.763%0.03%
21First Eagle Investment Management, LLC9.7M$36.4M0.0%0.728%0.03%
22BANK OF MONTREAL /CAN/9.0M$33.8M-22.5%0.677%0.01%
23BANK OF AMERICA CORP /DE/8.6M$32.0M-29.0%0.642%0.00%
24SCHRODER INVESTMENT MANAGEMENT GROUP8.2M$30.8M+131.9%0.618%0.02%
25MAC Alpha Capital Management, LP7.2M$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.

$2.0M
  • Jefferies Financial Group Inc.$1.5M
  • Journey Advisory Group, LLC$1.5M
  • Persistent Asset Partners Ltd$781K
  • CAPSTONE INVESTMENT ADVISORS, LLC$731K
  • TRUIST FINANCIAL CORP$671K
  • denkapparat Operations GmbH$490K
  • MML INVESTORS SERVICES, LLC$371K
  • AMERIPRISE FINANCIAL INC$213K
  • State of Wyoming$171K
  • 54.09%
    +17.82 pp
    $1.60B
    +36%
    Q4 20242343.7%36.27%+2.72 pp$1.18B14%
    Q3 2024243—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.

    45 institutions opened new positions in BTG during Q2 2026, while 42 fully exited. 59 added to existing positions and 190 trimmed.

    How is institutional ownership of BTG changing?

    BTG institutional ownership rose by 3.61 percentage points quarter-over-quarter, with a net change of +7 holders.

    How concentrated is BTG ownership among the top holders?

    The top 10 institutions account for 53.8% of all reported 13F value in BTG, and the top 25 account for 75.9%.

    Where does this BTG institutional ownership data come from?

    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.

    BTGB2Gold Corp.
    $5.40$7.2B
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