B2Gold Corp.
US ˙ NYSEAM ˙ CA11777Q2099

SecurityBTG / B2Gold Corp.
InstitutionD. E. Shaw & Co., Inc.
ManagerDE Shaw
Latest Disclosed Ownership28,240,013 shares
Latest Disclosed Value $ 128,020,020
D. E. Shaw & Co., Inc. reports 22.08% decrease in ownership of BTG / B2Gold Corp.

On May 15, 2026 - D. E. Shaw & Co., Inc. filed a 13F-HR form disclosing ownership of 28,240,013 shares of B2Gold Corp. (US:BTG) valued at $127,927,259 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 36,242,057 shares of B2Gold Corp.. This represents a change in shares of -22.08% during the quarter. The current value of the position is $128,492,059 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F B2GOLD COM 11777Q209 28,240,013 -8,002,044 -22.08 128,020 -21.65 0.0565
2026-02-17 2025-12-31 13F B2GOLD COM 11777Q209 36,242,057 24,493,718 208.49 163,393 181.04 0.0896
2025-11-14 2025-09-30 13F B2GOLD COM 11777Q209 11,748,339 11,577,963 6,795.54 58,139 9,353.50 0.0328
2025-08-14 2025-06-30 13F B2GOLD COM 11777Q209 170,376 -4,242,445 -96.14 616 -95.11 0.0004
2025-05-15 2025-03-31 13F B2GOLD COM 11777Q209 4,412,821 -4,387,807 -49.86 12,567 -41.52 0.0112
2025-02-14 2024-12-31 13F B2GOLD COM 11777Q209 8,800,628 446,601 5.35 21,490 -16.55 0.0158
2024-11-14 2024-09-30 13F B2GOLD COM 11777Q209 8,354,027 7,415,283 789.92 25,752 917.87 0.0221
2024-08-14 2024-06-30 13F B2GOLD COM 11777Q209 938,744 388,858 70.72 2,530 75.94 0.0024
2024-05-15 2024-03-31 13F B2GOLD COM 11777Q209 549,886 450,122 451.19 1,438 356.51 0.0012
2024-02-14 2023-12-31 13F B2GOLD COM 11777Q209 99,764 -211,795 -67.98 315 -64.88 0.0003
2023-11-14 2023-09-30 13F B2GOLD COM 11777Q209 311,559 121,273 63.73 897 32.11 0.0009
2023-08-14 2023-06-30 13F B2GOLD COM 11777Q209 190,286 190,286 679 0.0007
2022-11-14 2022-09-30 13F B2GOLD COM 11777Q209 0 -24,450 -100.00 0 -100.00
2022-08-15 2022-06-30 13F B2GOLD COM 11777Q209 24,450 -5,075 -17.19 83 -38.97 0.0001
2022-05-16 2022-03-31 13F B2GOLD COM 11777Q209 29,525 -18,193 -38.13 136 -27.66 0.0001
2022-02-14 2021-12-31 13F B2GOLD COM 11777Q209 47,718 -505,321 -91.37 188 -90.04 0.0002
2021-11-15 2021-09-30 13F B2GOLD COM 11777Q209 553,039 22,386 4.22 1,888 -15.18 0.0017
2021-08-16 2021-06-30 13F B2GOLD COM 11777Q209 530,653 506,897 2,133.76 2,226 2,082.35 0.0019
2021-05-17 2021-03-31 13F B2GOLD COM 11777Q209 23,756 3,205 15.60 102 -11.30 0.0001
2021-02-16 2020-12-31 13F B2GOLD COM 11777Q209 20,551 -21,749 -51.42 115 -58.18 0.0001
2020-11-16 2020-09-30 13F B2GOLD COM 11777Q209 42,300 -293,552 -87.41 275 -85.61 0.0003
2020-08-14 2020-06-30 13F B2GOLD COM 11777Q209 335,852 -2,095,793 -86.19 1,911 -74.10 0.0023
2020-05-15 2020-03-31 13F B2GOLD COM 11777Q209 2,431,645 1,525,693 168.41 7,377 103.06 0.0115
2020-02-14 2019-12-31 13F B2GOLD COM 11777Q209 905,952 -378,493 -29.47 3,633 -12.94 0.0042
2019-11-14 2019-09-30 13F B2GOLD COM 11777Q209 1,284,445 -370,147 -22.37 4,173 -16.97 0.0051
2019-08-14 2019-06-30 13F B2GOLD COM 11777Q209 1,654,592 1,243,454 302.44 5,026 335.53 0.0063
2019-05-15 2019-03-31 13F B2GOLD COM 11777Q209 411,138 71,694 21.12 1,154 16.45 0.0015
2019-02-14 2018-12-31 13F B2GOLD COM 11777Q209 339,444 -594,203 -63.64 991 -53.56 0.0014
2018-11-14 2018-09-30 13F B2GOLD COM 11777Q209 933,647 4,814 0.52 2,134 -11.31 0.0026
2018-08-14 2018-06-30 13F B2GOLD COM 11777Q209 928,833 587,993 172.51 2,406 158.71 0.0031
2018-05-15 2018-03-31 13F B2GOLD COM 11777Q209 340,840 -317,033 -48.19 930 -54.30 0.0013
2018-02-14 2017-12-31 13F B2GOLD COM 11777Q209 657,873 321,222 95.42 2,035 115.80 0.0028
2017-11-14 2017-09-30 13F B2GOLD COM 11777Q209 336,651 3,100 0.93 943 0.64 0.0014
2017-08-14 2017-06-30 13F B2GOLD COM 11777Q209 333,551 -36,678 -9.91 937 -10.59 0.0015
2017-05-15 2017-03-31 13F B2GOLD COM 11777Q209 370,229 36,083 10.80 1,048 32.32 0.0018
2017-02-14 2016-12-31 13F B2GOLD COM 11777Q209 334,146 -14,205 -4.08 792 -13.54 0.0013
2016-11-14 2016-09-30 13F B2GOLD COM 11777Q209 348,351 -7,505 -2.11 916 2.58 0.0016
2016-08-15 2016-06-30 13F B2GOLD COM 11777Q209 355,856 -1,012,899 -74.00 893 -60.70 0.0016
2016-05-16 2016-03-31 13F B2GOLD COM 11777Q209 1,368,755 -1,465,341 -51.70 2,272 -21.14 0.0041
2016-02-16 2015-12-31 13F B2GOLD COM 11777Q209 2,834,096 1,437,604 102.94 2,881 96.39 0.0043
2015-11-16 2015-09-30 13F B2GOLD COM 11777Q209 1,396,492 15,616 1.13 1,467 -30.57 0.0022
2015-08-14 2015-06-30 13F B2GOLD COM 11777Q209 1,380,876 -218,769 -13.68 2,113 -12.97 0.0031
2015-05-15 2015-03-31 13F B2GOLD COM 11777Q209 1,599,645 -321,714 -16.74 2,428 -22.03 0.0037
2015-02-17 2014-12-31 13F B2GOLD COM 11777Q209 1,921,359 1,685,466 714.50 3,114 547.40 0.0040
2014-11-14 2014-09-30 13F B2GOLD COM 11777Q209 235,893 198,020 522.85 481 371.57 0.0006
2014-05-15 2014-03-31 13F B2GOLD COM 11777Q209 37,873 -853,850 -95.75 102 -94.40 0.0001
2014-02-14 2013-12-31 13F B2GOLD COM 11777Q209 891,723 -498,610 -35.86 1,823 -47.21 0.0025
2013-11-20 2013-09-30 13F/A-1 B2GOLD COM 11777Q209 1,390,333 1,240,734 829.37 3,453 982.45 0.0055
2013-11-14 2013-09-30 13F B2GOLD COM 11777Q209 1,390,333 3,453
2013-08-14 2013-06-30 13F B2GOLD COM 11777Q209 149,599 149,599 319 0.0006
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.