B2GOLD CORP - Common Shares, no par value (BTG) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Shares, no par value
Symbol
BTG on NYSE
Shares outstanding
1,325,368,327
Price per share
$5.55
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
785,099,668
Total reported value
$3,539,841,680
% of total 13F portfolios
0.01%
Share change
+33,646,152
Value change
+$144,210,919
Number of holders
284
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of B2GOLD CORP - Common Shares, no par value (BTG) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
VAN ECK ASSOCIATES CORP 8.8% -15% $574,028,824 -$98,716,583 115,965,419 -15% VAN ECK ASSOCIATES CORP 30 Sep 2025
Pale Fire Capital SE 5.2% +4.6% $316,338,912 +$14,496,340 68,919,153 +4.8% Pale Fire Capital SICAV a.s. 05 Feb 2026
BlackRock, Inc. 4.4% $179,884,351 58,027,210 BlackRock, Inc. 31 Mar 2025
FMR LLC 2.7% -62% $160,519,045 -$297,238,455 35,591,806 -65% FMR LLC 31 Dec 2025

As of 31 Dec 2025, 284 institutional investors reported holding 785,099,668 shares of B2GOLD CORP - Common Shares, no par value (BTG). This represents 59% of the company’s total 1,325,368,327 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of B2GOLD CORP - Common Shares, no par value (BTG) together control 44% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VAN ECK ASSOCIATES CORP 7.9% 104,263,524 -10% 0.39% $470,222,000
VANGUARD GROUP INC 4.2% 56,023,406 +1.9% 0% $252,273,397
Pale Fire Capital SE 3% 39,311,603 -21% 23% $177,295,330
D. E. Shaw & Co., Inc. 2.7% 36,242,057 +208% 0.12% $163,392,698
FMR LLC 2.7% 35,591,806 -65% 0.01% $160,254,534
AMERICAN CENTURY COMPANIES INC 2.6% 34,336,389 +0.79% 0.08% $154,643,020
DIMENSIONAL FUND ADVISORS LP 2.4% 32,161,379 +3.3% 0.03% $145,051,360
TWO SIGMA INVESTMENTS, LP 1.8% 24,058,488 +12% 0.16% $108,503,781
MILLENNIUM MANAGEMENT LLC 1.8% 23,342,850 +248% 0.08% $105,264,010
TWO SIGMA ADVISERS, LP 1.5% 20,243,680 +20% 0.18% $91,298,997
Connor, Clark & Lunn Investment Management Ltd. 1.3% 17,133,266 +31% 0.2% $77,147,038
NORGES BANK 1.3% 16,730,740 0.01% $75,332,835
DEUTSCHE BANK AG\ 1.2% 15,447,214 +69% 0.02% $69,666,935
BANK OF MONTREAL /CAN/ 0.97% 12,800,270 +9.5% 0.02% $57,635,265
MORGAN STANLEY 0.95% 12,635,354 +40% 0% $56,985,448
SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.89% 11,751,956 +58% 0.07% $53,001,322
JANE STREET GROUP, LLC 0.86% 11,391,303 +180% 0.06% $51,374,777
Condire Management, LP 0.85% 11,265,300 5.3% $50,806,503
BANK OF AMERICA CORP /DE/ 0.83% 10,961,495 +11% 0% $49,436,341
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.79% 10,428,546 -43% 0.03% $46,988,329
FIL Ltd 0.76% 10,087,928 +0.3% 0.03% $45,421,584
First Eagle Investment Management, LLC 0.73% 9,708,102 -25% 0.08% $43,712,283
GOLDMAN SACHS GROUP INC 0.72% 9,569,165 +32% 0.01% $43,156,934
Amundi 0.7% 9,249,011 +2.8% 0.01% $41,713,040
FRANKLIN RESOURCES INC 0.66% 8,772,440 -10% 0.01% $39,499,315

Institutional Holders of B2GOLD CORP - Common Shares, no par value (BTG) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 785,099,668 $3,539,841,680 +$144,210,919 $4.51 284
2025 Q3 745,785,947 $3,693,013,278 -$75,362,548 $4.95 285
2025 Q2 766,188,755 $2,769,386,852 +$176,449,658 $3.61 251
2025 Q1 719,743,074 $2,052,509,239 +$161,182,416 $2.85 250
2024 Q4 657,978,569 $1,610,113,061 +$36,155,189 $2.44 237
2024 Q3 638,338,437 $2,028,567,280 +$164,825,060 $3.08 248
2024 Q2 591,438,923 $1,593,937,491 -$71,249,377 $2.70 255
2024 Q1 620,147,362 $1,620,931,527 -$99,181,952 $2.61 244
2023 Q4 653,512,899 $2,066,250,223 -$23,454,809 $3.16 221
2023 Q3 664,080,652 $1,922,724,470 -$67,955,535 $2.89 228
2023 Q2 683,114,540 $2,437,510,308 +$277,215,011 $3.57 227
2023 Q1 607,510,025 $2,399,217,573 +$108,117,299 $3.94 224
2022 Q4 580,827,459 $2,073,098,211 +$49,864,848 $3.57 208
2022 Q3 569,036,336 $1,832,375,891 -$6,051,577 $3.22 201
2022 Q2 566,299,483 $1,921,200,329 +$32,062,354 $3.39 207
2022 Q1 556,618,855 $2,556,564,556 +$6,505,305 $4.59 205
2021 Q4 556,534,403 $2,186,506,546 -$25,142,348 $3.93 224
2021 Q3 553,973,191 $1,892,741,987 -$30,672,927 $3.42 225
2021 Q2 566,435,861 $2,380,294,728 -$62,959,379 $4.21 230
2021 Q1 581,194,146 $2,509,681,561 -$117,656,926 $4.31 225
2020 Q4 601,346,641 $3,356,831,011 -$54,986,223 $5.60 231
2020 Q3 605,271,587 $3,933,953,921 -$23,650,927 $6.51 212
2020 Q2 616,307,935 $3,515,987,776 -$28,235,901 $5.69 210
2020 Q1 608,937,494 $1,854,474,205 -$103,474,741 $3.04 153
2019 Q4 649,279,429 $2,615,677,639 +$36,865,310 $4.01 165
2019 Q3 641,340,666 $2,078,843,899 +$92,169,527 $3.24 153
2019 Q2 594,447,607 $1,804,721,860 +$37,773,529 $3.03 146
2019 Q1 606,783,965 $1,703,141,324 -$19,221,083 $2.81 149
2018 Q4 613,332,408 $1,793,060,314 +$34,250,677 $2.92 145
2018 Q3 600,185,747 $1,374,677,834 +$21,775,805 $2.30 127
2018 Q2 586,259,217 $1,517,241,972 -$26,709,505 $2.58 128
2018 Q1 596,148,471 $1,629,981,520 +$2,985,999 $2.73 126
2017 Q4 593,068,025 $1,835,423,259 +$12,020,969 $3.10 124
2017 Q3 593,650,656 $1,649,575,746 +$15,876,576 $2.80 119
2017 Q2 584,933,475 $1,644,598,645 -$83,969,616 $2.81 114
2017 Q1 614,938,813 $1,744,874,862 +$96,291,946 $2.83 115
2016 Q4 581,248,276 $1,379,871,656 +$15,964,399 $2.37 112
2016 Q3 581,259,431 $1,525,362,445 -$44,446,535 $2.63 113
2016 Q2 598,022,389 $1,499,331,000 +$65,823,934 $2.51 96
2016 Q1 573,121,661 $952,700,000 -$37,007,567 $1.66 84
2015 Q4 613,686,224 $622,956,900 +$26,171,887 $1.02 88
2015 Q3 587,821,888 $619,301,139 -$72,909,217 $1.05 92
2015 Q2 631,756,330 $966,484,401 +$11,285,642 $1.53 100
2015 Q1 620,752,328 $935,282,805 +$43,360,568 $1.52 97
2014 Q4 618,429,110 $1,016,624,685 +$77,117,893 $1.62 101
2014 Q3 570,975,058 $1,163,823,730 +$199,108,444 $2.03 107
2014 Q2 471,631,434 $1,379,474,348 +$141,601,185 $2.92 95
2014 Q1 424,115,671 $1,151,592,539 -$2,862,396 $2.70 93