Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

B2GOLD CORP (BTG)

302 + Investors. Track Smart Money conviction in BTG. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — BTG

Based on 279 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added BTG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
279 hedge funds hold BTG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +20% more funds vs a year ago

fund count last 6Q
+47 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

180 buying134 selling
Last quarter: 180 funds bought or added vs 134 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new BTG position: 49 → 41 → 58 → 65. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

57% of holders stayed for 2+ years

57% conviction (2yr+) 20% medium 23% new
158 out of 279 hedge funds have held BTG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

33 → 49 → 41 → 58 → 65 new funds/Q
New funds entering each quarter: 49 → 41 → 58 → 65. A growing number of institutions are discovering BTG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 65% of holders stayed 2+ years

65% veterans 10% 1-2yr 25% new
Of 302 current holders: 197 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
33 of 279 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: BTG

How many hedge funds hold BTG — quarterly history vs. share price
Quarterly hedge fund ownership of BTG vs. share price

Market Analysis: BTG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BTG

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

38 top-rated funds 8 high-conviction
Consensus
6.9
/ 10
breadth
×
Elite
4.8
/ 10
conviction
Hedge Fund Positioning: BTG
2026 Q1 Stats Unlock in 22 days 302 + Investors

Track Smart Money conviction in BTG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 302 293 3.07%
13F Shares 799M 756M 5.68%
Total Value $3.57B $3.74B -4.63%
New Positions 68 59 +9
Increased Positions 155 138 +17
Closed Positions 63 27 +36
Reduced Positions 86 104 -18
Total Calls 16 11 45.45%
Total Puts 10 10 -
PUT/CALL Ratio 0.62 0.91 Bullish

Statistics: BTG

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

302 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BTG. Verified SEC 13F-HR filings.

Top 25 institutional holders of BTG — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TT International Asset Management LTD 4.68% 9,469,481 $42.9M
2 Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 2.49% 308,200 $1.4M
3 McAlvany Wealth Management LLC 2.27% 801,208 $3.4M
4 PKO Investment Management Joint-Stock Co 0.21% 555,277 $2.5M
5 Y-Intercept (Hong Kong) Ltd 0.15% 1,697,502 $7.7M
6 E Fund Management (Hong Kong) Co., Ltd. 0.10% 46,058 $209K
7 Successful Portfolios LLC 0.04% 18,091 $78K
8 BRAVE ASSET MANAGEMENT INC 0.03% 30,000 $136K
9 Cardinal Point Capital Management ULC 0.03% 112,250 $509K
10 Oxbow Advisors, LLC 0.03% 76,485 $346K
11 Walker Asset Management, LLC 0.03% 11,200 $51K
12 STABLEFORD CAPITAL II LLC 0.03% 15,000 $68K
13 PROFUND ADVISORS LLC 0.02% 144,882 $656K
14 CIDEL ASSET MANAGEMENT INC 0.02% 69,000 $312K
15 Independent Wealth Network Inc. 0.01% 10,000 $45K
16 Generali Investments CEE, investicni spolecnost, a.s. 0.01% 52,485 $238K
17 Roxbury Financial LLC 0.01% 2,589 $12K
18 E&G Advisors, LP 0.01% 10,000 $45K
19 Capital Advisors Wealth Management, LLC 0.01% 12,000 $54K
20 Parkway Wealth Management Group, LLC 0.01% 10,514 $51K
21 Continuum Advisory, LLC 0.01% 14,368 $65K
22 E Fund Management Co., Ltd. 0.01% 46,058 $209K
23 Assenagon Asset Management S.A. 0.00% 588,567 $2.7M
24 Stonebridge Financial Group, LLC 0.00% 10,650 $48K
25 Leonteq Securities AG 0.00% 15,053 $95K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — B2GOLD CORP (BTG)

What does the Smart Money Trend signal show for BTG?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added BTG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BTG?

Slight buying edge — 57% buying: Last quarter: 180 funds bought or added vs 134 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BTG holders?

Strong quality — 38% AUM from major funds: 33 of 279 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BTG?

57% of holders stayed for 2+ years: 158 out of 279 hedge funds have held BTG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.