The cluster shows no strong directional signal — small adds by three managers are dwarfed by a single larger trim. Monitor next 13F for continuation of selling or a reversal. Gold price moves and Q4 production results will be more informative than this stale positioning data.
Executive Summary
Three asset managers modestly increased their Barrick Gold positions in Q3 2026, adding a combined $1.5M in value, while one larger holder trimmed $5.7M. The net institutional flow is negative, and the buying is too small in scale to signal a strong conviction shift.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$4.2M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Mather Group | ADD | +26.2% | $25.0K | $7.0K |
| Banque Pictet & Cie | ADD | +26.9% | $4.5M | $1.3M |
| Hb Wealth Management | ADD | +32.9% | $472.0K | $151.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Artemis Investment Management | TRIM | -34.5% | $20.7M | -$5.7M |
Key Facts
- 3 buyers added $1.5M in total value (Mather Group, Banque Pictet & Cie, Hb Wealth Management)
- 1 seller (Artemis Investment Management) trimmed $5.7M, reducing its stake by 34.5%
- Net institutional flow is negative: $5.7M sold vs $1.5M bought
- All moves are by asset managers, not activist or event-driven funds
- 13F data is 45+ days stale; positions may have been unwound
Financial Impact
Total buying of $1.5M versus total selling of $5.7M, resulting in a net institutional outflow of $4.2M
Risk Factors
- 13F data is stale (quarter-end); current positions may differ materially
- Net selling outweighs buying, suggesting institutional caution on gold miners
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-B-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $38.14 | awaiting T+20 | awaiting T+20 | No price |
Aug 10, 2026 11w ago | Press Release | $40.88 $44.10 | ▲ +7.88% | ▲ +8.79% | No price |
Aug 10, 2026 11w ago | Press Release | $40.88 $44.10 | ▲ +7.88% | ▲ +8.79% | No price |
Jul 21, 2026 14w ago | Press Release | $36.37 $42.09 | ▲ +15.73% | ▲ +13.17% | No price |
Jun 14, 2026 19w ago | Institutional Cluster | $41.83 $35.94 | ▼ −14.08% | ▼ −13.33% | No price |
May 11, 2026 24w ago | 6-K | $47.00 $39.15 | ▼ −16.70% | ▼ −16.40% | No price |
May 11, 2026 24w ago | Press Release | $47.00 $39.15 | ▼ −16.70% | ▼ −16.40% | No price |
May 11, 2026 24w ago | Press Release | $47.00 $39.15 | ▼ −16.70% | ▼ −16.40% | No price |
Apr 28, 2026 26w ago | Press Release | $39.17 $42.10 | ▲ +7.48% | ▲ +2.01% | No price |
Apr 10, 2026 28w ago | Press Release | $43.55 $41.84 | ▼ −3.93% | ▼ −12.45% | No price |
US Market Status
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