Hedge fund activity in Kinross Gold Corporation

At the end of the first quarter, a total of 28 of the hedge funds tracked by Insider Monkey were long this stock, a change of 12% from the fourth quarter of 2019. Below, you can check out the change in hedge fund sentiment towards KGC over the last 18 quarters. So, let's review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

Of the funds tracked by Insider Monkey, Renaissance Technologies has the biggest position in Kinross Gold Corporation (NYSE:KGC), worth close to $251.1 million, corresponding to 0.2% of its total 13F portfolio. 

The second most bullish fund manager is Sprott Asset Management, managed by Eric Sprott, which holds a $44.2 million position; 4% of its 13F portfolio is allocated to the company. Some other professional money managers with similar optimism contain Peter Rathjens, Bruce Clarke and John Campbell's Arrowstreet Capital, Ken Griffin's Citadel Investment Group and John Overdeck and David Siegel's Two Sigma Advisors. 

In terms of the portfolio weights assigned to each position Sprott Asset Management allocated the biggest weight to Kinross Gold Corporation (NYSE:KGC), around 4.05% of its 13F portfolio. Odey Asset Management Group is also relatively very bullish on the stock, earmarking 3.85 percent of its 13F equity portfolio to KGC.

- Source, Yahoo News