Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in SA held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Kopernik Global Investors, LLC | 7.3M | $207.8M | +5.1% | 6.829% | 14.52% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 2.6M | $73.3M | — | 2.407% | 0.00% |
| 3 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2.3M | $63.8M | +3.9% | 2.097% | 0.01% |
| 4 | CIBC World Markets Inc. | 2.2M | $62.7M | +1.4% | 2.061% | 0.10% |
| 5 | MORGAN STANLEY | 2.0M | $55.4M | +200.5% | 1.822% | 0.00% |
| 6 | ONTARIO TEACHERS PENSION PLAN BOARD | 1.7M | $47.2M | 0.0% | 1.550% | 1.37% |
| 7 | CITADEL ADVISORS LLC | 1.6M | $46.7M | -24.5% | 1.534% | 0.02% |
| 8 | RAYMOND JAMES FINANCIAL INC | 1.4M | $38.2M | -2.0% | 1.265% | 0.01% |
| 9 | TORONTO DOMINION BANK | 1.0M | $29.5M | +1.6% | 0.969% | 0.04% |
| 10 | VANGUARD FIDUCIARY TRUST CO | 784K | $22.2M | — | 0.730% | 0.01% |
| 11 | VAN DEN BERG MANAGEMENT I, INC | 658K | $18.6M | -7.0% | 0.613% | 4.28% |
| 12 | BANK OF MONTREAL /CAN/ | 555K | $15.8M | -40.1% | 0.517% | 0.01% |
| 13 | Amundi | 527K | $14.9M | +3.5% | 0.491% | 0.00% |
| 14 | DEUTSCHE BANK AG\ | 494K | $14.0M | +2.4% | 0.460% | 0.00% |
| 15 | ALPS ADVISORS INC | 446K | $12.6M | -18.8% | 0.415% | 0.06% |
| 16 | DIMENSIONAL FUND ADVISORS LP | 443K | $12.5M | -8.5% | 0.413% | 0.00% |
| 17 | Crawford Fund Management, LLC | 435K | $12.3M | +7.1% | 0.405% | 4.00% |
| 18 | FMR LLC | 434K | $12.3M | 0.0% | 0.404% | 0.00% |
| 19 | Russell Investments Group, Ltd. | 414K | $11.7M | -9.6% | 0.386% | 0.01% |
| 20 | BlackRock, Inc. | 393K | $11.1M | +4.0% | 0.366% | 0.00% |
| 21 | D. E. Shaw & Co., Inc. | 356K | $10.1M | — | 0.332% | 0.01% |
| 22 | GROUP ONE TRADING, L.P. | 351K | $10.0M | +78.3% | 0.327% | 0.33% |
| 23 | Knoll Capital Management, LLC | 317K | $9.0M | 0.0% | 0.295% | 4.99% |
| 24 | ROYAL BANK OF CANADA | 314K | $8.9M | +18.3% | 0.292% | 0.00% |
| 25 | TD ASSET MANAGEMENT INC | 309K | $8.7M | -42.7% | 0.288% | 0.01% |
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 SA — a direct measure of their conviction.
Filings activity in SA during Q1 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 |
|---|---|---|---|---|---|---|
| Q1 2026 | 191 | 0.5% | 33.81% | 4.49 pp | $1.02B | 12% |
| Q4 2025 | 192 | +27% | 38.30% | +9.78 pp | $1.15B | +34% |
| Q3 2025 | 151 | 10% | 28.52% | +10.86 pp | $859M | +62% |
| Q2 2025 | 168 | +4.3% | 17.66% | +4.30 pp | $532M | +32% |
| Q1 2025 | 161 | 5.8% | 13.36% | +2.78 pp | $402M | +26% |
| Q4 2024 | 171 | +8.2% | 10.58% | 5.00 pp | $319M | 32% |
| Q3 2024 | 158 | +4.6% | 15.58% | +2.49 pp | $469M | +19% |
| Q2 2024 | 151 | — | 13.09% | — | $394M | — |
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 SA stock.
Based on Q1 2026 13F filings, institutional ownership of Seabridge Gold Inc. stands at 33.8%, held across 191 reporting institutions.
Kopernik Global Investors, LLC is the largest reported institutional holder of SA, with approximately 7,332,863 shares worth $0.21B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of SA, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for SA is 41 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
37 institutions opened new positions in SA during Q1 2026, while 38 fully exited. 47 added to existing positions and 106 trimmed.
SA institutional ownership fell by 4.49 percentage points quarter-over-quarter, with a net change of -1 holders.
The top 10 institutions account for 63.6% of all reported 13F value in SA, and the top 25 account for 81.5%.
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.
Seabridge Gold Inc. (SA) Institutional Ownership