Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Centerra Gold Inc (CGAU)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +14
Streak
4Q ▲
Buyers last Q
48%

Smart Money Signals — CGAU

Based on 198 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added CGAU 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
198 hedge funds hold CGAU 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.
🚀

Fast accumulation — +40% more funds vs a year ago

fund count last 6Q
+57 new funds entered over the past year (+40% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 48% buying

102 buying112 selling
Last quarter: 112 funds reduced or exited vs 102 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~45 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 28 → 32 → 42 → 45. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 39% long-term, 36% new

■ 39% conviction (2yr+) ■ 25% medium ■ 36% new
Of the 198 current holders: 77 (39%) held >2 years, 49 held 1–2 years, and 72 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
📈

Growing discovery — still being found

21 → 28 → 32 → 42 → 45 new funds/Q
New funds entering each quarter: 28 → 32 → 42 → 45. A growing number of institutions are discovering CGAU each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 45% veterans vs 39% newcomers

■ 45% veterans ■ 15% 1-2yr ■ 39% new
Entry-cohort mix of 211 holders: 96 (45%) are 2+ year veterans, 32 entered 1–2 years ago, and 83 (39%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
40 of 196 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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.

Institutional Sentiment Summary — CGAU

In 2026 Q1, 102 hedge funds were net buyers of CGAU (45 opened a new position, 57 added to an existing one), while 112 reduced or exited (81 trimmed, 31 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 37% of total institutional value in CGAU is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +14 funds (more new holders than closures). Total institutional holders: 198.

Hedge Fund Ownership: CGAU

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

Market Analysis: CGAU

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CGAU

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Centerra Gold Inc (CGAU) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CGAU has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 84d ago
CGAU
-6.7%
SPY
+14.9%

CGAU outperformed SPY by -21.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
CGAU
-2.7%
SPY
+1.1%

Since the filing became public, CGAU outperformed SPY by -3.8% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

20 top-rated funds 10 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
4.4
/ 10
conviction
Hedge Fund Positioning: CGAU
197 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 197 184 7.07%
13F Shares 140M 135M 3.42%
Total Value $2.06B $1.95B 5.41%
New Positions 45 42 +3
Increased Positions 52 56 -4
Closed Positions 32 24 +8
Reduced Positions 79 68 +11
Total Calls 9 6 50.0%
Total Puts 6 4 50.0%
PUT/CALL Ratio 0.67 0.67 Bullish

Statistics: CGAU

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Short % of Float --

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Institutional Holders (2026 Q1)

197 + investors

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

QUARTER:
Top 25 CGAU holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Hatch Cove Capital, LLC 8.49% 1,250,400 $22.2M
2 Spark Investment Management LLC 6.26% 147,000 $2.6M
3 Donald Smith & CO., INC. 5.05% 15,771,236 $280.6M
4 L1 Capital Pty Ltd 4.91% 7,051,683 $125.0M
5 Knoll Capital Management, LLC 3.54% 359,000 $6.4M
6 Extract Advisors LLC 3.38% 545,600 $9.7M
7 Semanteon Capital Management, LP 2.70% 11,320 $201K
8 Virtus Advisers, LLC 2.69% 258,047 $5.8M
9 Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 2.49% 78,900 $1.4M
10 Accordant Advisory Group Inc 2.19% 199,007 $3.5M
11 Heartland Advisors Inc 2.01% 2,216,216 $39.4M
12 Hillsdale Investment Management Inc. 1.56% 3,227,935 $57.4M
13 Waratah Capital Advisors Ltd. 1.49% 2,204,049 $39.2M
14 PCJ Investment Counsel Ltd. 1.29% 255,270 $4.5M
15 U S Global Investors Inc 0.91% 438,452 $7.8M
16 Stansberry Asset Management, LLC 0.86% 471,061 $8.4M
17 Merewether Investment Management, LP 0.78% 2,264,523 $40.1M
18 Point Nemo Capital, LLC 0.76% 64,506 $1.1M
19 Precision Wealth Strategies, LLC 0.66% 111,765 $2.0M
20 Integrated Quantitative Investments LLC 0.61% 187,626 $3.3M
21 Ruffer LLP 0.53% 730,816 $13.0M
22 Hartree Partners, LP 0.46% 120,000 $2.1M
23 Neumeier Poma Investment Counsel LLC 0.40% 271,843 $4.8M
24 Westwood Holdings Group Inc 0.35% 2,713,163 $48.3M
25 Navellier & Associates Inc 0.28% 150,380 $2.7M
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 — Centerra Gold Inc (CGAU)

What does the Smart Money Trend signal show for CGAU?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added CGAU 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 CGAU?

More sellers than buyers — 48% buying: Last quarter: 112 funds reduced or exited vs 102 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CGAU holders?

Strong quality — 37% AUM from major funds: 40 of 196 holders rank in the top 100 by AUM, accounting for 37% 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 CGAU?

Mixed — 39% long-term, 36% new: Of the 198 current holders: 77 (39%) held >2 years, 49 held 1–2 years, and 72 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Centerra Gold Inc (CGAU) following the 2026 Q1 hedge fund 13F filings?

As of today, CGAU has moved -2.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -3.8%. Since the quarter end (March 31, 2026), CGAU has gained -6.7% vs +14.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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