% of shares outstanding not shown: this line files 20-F annual reports only — a foreign private issuer whose US listing trades as ADSs (depositary receipts), while its cover-page share count is in ORDINARY shares. The depositary ratio is not in our data. The count we hold for this line is 2,830,567,264 shares (as of 2025-12-31, source dei). Dividing one by the other is wrong by the whole ratio (a 5:1 ADR reads one fifth of the true percentage), so the percentage is withheld rather than served wrong. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for SBSW in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | Lingotto Investment Management LLP | 19,575,93619.6M | $246M | — | TRIM -31% |
| 2 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 8,903,1278.9M | $110M | — | ADD 22% |
| 3 | ACADIAN ASSET MANAGEMENT LLC | 8,288,2698.3M | $102M | — | ADD 72% |
| 4 | MORGAN STANLEY | 6,553,1696.6M | $81M | — | TRIM -5% |
| 5 | TWO SIGMA INVESTMENTS, LP | 6,303,9666.3M | $78M | — | ADD 192% |
| 6 | Condire Management, LP | 5,244,4695.2M | $65M | — | — |
| 7 | D. E. Shaw & Co., Inc. | 5,056,6525.1M | $62M | — | ADD 42% |
| 8 | JPMORGAN CHASE & CO | 5,058,4555.1M | $56M | — | ADD 93% |
| 9 | Bridgewater Associates, LP | 4,426,4514.4M | $55M | — | ADD 1566% |
| 10 | Connor, Clark & Lunn Investment Management Ltd. | 4,341,8704.3M | $53M | — | ADD 135% |
| 11 | Goehring & Rozencwajg Associates, LLC | 4,270,0694.3M | $53M | — | ADD 21% |
| 12 | UBS Group AG | 3,839,3863.8M | $47M | — | ADD 24% |
| 13 | PRICE T ROWE ASSOCIATES INC /MD/ | 3,278,8873.3M | $40M | — | TRIM -26% |
| 14 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3,050,6453.1M | $38M | — | ADD 23% |
| 15 | AMERICAN CENTURY COMPANIES INC | 2,995,8733.0M | $37M | — | ADD 17% |
| 16 | DIMENSIONAL FUND ADVISORS LP | 2,762,3472.8M | $34M | — | ADD 31% |
| 17 | BNP PARIBAS FINANCIAL MARKETS | 2,528,4062.5M | $31M | — | ADD 12% |
| 18 | GOLDMAN SACHS GROUP INC | 2,366,9592.4M | $29M | — | ADD 8% |
| 19 | Allianz Asset Management GmbH | 2,117,9032.1M | $26M | — | ADD 140% |
| 20 | Man Group plc | 1,959,6992.0M | $24M | — | ADD 57% |
| 21 | RENAISSANCE TECHNOLOGIES LLC | 1,826,9041.8M | $23M | — | NEW |
| 22 | AQR CAPITAL MANAGEMENT LLC | 1,858,3761.9M | $22M | — | ADD 1178% |
| 23 | PANAGORA ASSET MANAGEMENT INC | 1,676,3351.7M | $21M | — | ADD 10% |
| 24 | STOREBRAND ASSET MANAGEMENT AS | 1,527,5391.5M | $19M | — | ADD 54% |
| 25 | CITADEL ADVISORS LLC | 1,373,3681.4M | $17M | — | ADD 384% |
| 26 | Jump Financial, LLC | 1,354,2401.4M | $17M | — | ADD 486% |
| 27 | JANE STREET GROUP, LLC | 1,282,7051.3M | $16M | — | TRIM -4% |
| 28 | NORTHERN TRUST CORP | 1,074,0391.1M | $13M | — | — |
| 29 | BlackRock, Inc. | 1,014,5831.0M | $12M | — | TRIM -67% |
| 30 | Qube Research & Technologies Ltd | 1,000,3151.0M | $12M | — | ADD 712% |
| 31 | MACKENZIE FINANCIAL CORP | 948,044948,044 | $12M | — | ADD 317% |
| 32 | MARSHALL WACE, LLP | 903,095903,095 | $11M | — | ADD 1134% |
| 33 | MAC Alpha Capital Management, LP | 875,770875,770 | $11M | — | ADD 13% |
| 34 | SEI INVESTMENTS CO | 868,470868,470 | $11M | — | ADD 68% |
| 35 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 550,753550,753 | $7M | — | ADD 13% |
| 36 | GROUP ONE TRADING LLC | 543,357543,357 | $7M | — | ADD 2553% |
| 37 | BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 532,510532,510 | $7M | — | ADD 26% |
| 38 | Point72 Asset Management, L.P. | 526,547526,547 | $6M | — | TRIM -71% |
| 39 | Trexquant Investment LP | 473,832473,832 | $6M | — | ADD 226% |
| 40 | Russell Investments Group, Ltd. | 477,443477,443 | $5M | — | ADD 204% |
| 41 | Mitsubishi UFJ Trust & Banking Corp | 429,058429,058 | $5M | — | TRIM -9% |
| 42 | BCGM Wealth Management, LLC | 428,656428,656 | $5M | — | TRIM -13% |
| 43 | HOHIMER WEALTH MANAGEMENT, LLC | 422,647422,647 | $5M | — | ADD 65% |
| 44 | HRT FINANCIAL LP | 393,580393,580 | $5M | — | ADD 326% |
| 45 | Glenorchy Capital Ltd | 378,082378,082 | $5M | — | — |
| 46 | CAPITAL FUND MANAGEMENT S.A. | 371,697371,697 | $5M | — | ADD 246% |
| 47 | LPL Financial LLC | 363,741363,741 | $4M | — | TRIM -22% |
| 48 | Arlington Capital Management, Inc. | 318,285318,285 | $4M | — | ADD 16% |
| 49 | Hartree Partners, LP | 316,750316,750 | $4M | — | ADD 23% |
| 50 | Engineers Gate Manager LP | 308,928308,928 | $4M | — | ADD 160% |
| 51 | Stanley-Laman Group, Ltd. | 308,552308,552 | $4M | — | ADD 9% |
| 52 | MILLENNIUM MANAGEMENT LLC | 307,023307,023 | $4M | — | TRIM -82% |
| 53 | Quadrature Capital Ltd | 292,528292,528 | $4M | — | ADD 289% |
| 54 | LAZARD ASSET MANAGEMENT LLC | 286,333286,333 | $4M | — | NEW |
| 55 | Creative Planning | 283,043283,043 | $3M | — | ADD 16% |
| 56 | Cetera Investment Advisers | 277,937277,937 | $3M | — | ADD 9% |
| 57 | U S GLOBAL INVESTORS INC | 275,000275,000 | $3M | — | — |
| 58 | FIL Ltd | 270,836270,836 | $3M | — | ADD 143% |
| 59 | RAYMOND JAMES FINANCIAL INC | 260,422260,422 | $3M | — | TRIM -13% |
| 60 | WELLS FARGO & COMPANY/MN | 258,719258,719 | $3M | — | TRIM -19% |
| 61 | Dorsey Wright & Associates | 246,365246,365 | $3M | — | ADD 40% |
| 62 | BANK OF MONTREAL /CAN/ | 243,408243,408 | $3M | — | ADD 1060% |
| 63 | STIFEL FINANCIAL CORP | 241,441241,441 | $3M | — | TRIM -29% |
| 64 | NEW YORK STATE COMMON RETIREMENT FUND | 239,380239,380 | $3M | — | ADD 80% |
| 65 | SIMPLEX TRADING, LLC | 236,318236,318 | $3M | — | TRIM -3% |
| 66 | Aquatic Capital Management LLC | 227,142227,142 | $3M | — | TRIM -22% |
| 67 | Voleon Capital Management LP | 225,562225,562 | $3M | — | TRIM -46% |
| 68 | Squarepoint Ops LLC | 221,565221,565 | $3M | — | ADD 497% |
| 69 | ENVESTNET ASSET MANAGEMENT INC | 211,703211,703 | $3M | — | TRIM -10% |
| 70 | Moran Wealth Management, LLC | 207,397207,397 | $3M | — | ADD 28% |
| 71 | NOMURA HOLDINGS INC | 195,211195,211 | $2M | — | ADD 3% |
| 72 | Pathstone Holdings, LLC | 191,533191,533 | $2M | — | TRIM -4% |
| 73 | DIVERSIFY WEALTH MANAGEMENT, LLC | 205,525205,525 | $2M | — | ADD 38% |
| 74 | Federation des caisses Desjardins du Quebec | 188,682188,682 | $2M | — | TRIM -14% |
| 75 | NORDEA INVESTMENT MANAGEMENT AB | 184,772184,772 | $2M | — | NEW |
| 76 | Verition Fund Management LLC | 176,620176,620 | $2M | — | ADD 32% |
| 77 | Foster Group, Inc. | 176,315176,315 | $2M | — | — |
| 78 | De Lisle Partners LLP | 170,000170,000 | $2M | — | NEW |
| 79 | BANK OF AMERICA CORP /DE/ | 163,230163,230 | $2M | — | ADD 53% |
| 80 | OLD MISSION CAPITAL LLC | 156,085156,085 | $2M | — | ADD 93% |
| 81 | Erste Asset Management GmbH | 163,900163,900 | $2M | — | ADD 65% |
| 82 | Headlands Technologies LLC | 145,525145,525 | $2M | — | NEW |
| 83 | Mariner, LLC | 139,618139,618 | $2M | — | TRIM -7% |
| 84 | VAN ECK ASSOCIATES CORP | 135,245135,245 | $2M | — | TRIM -4% |
| 85 | Financial Sense Advisors, Inc. | 125,000125,000 | $2M | — | NEW |
| 86 | Nokomis Capital, L.L.C. | 120,666120,666 | $1M | — | TRIM -20% |
| 87 | OSAIC HOLDINGS, INC. | 118,352118,352 | $1M | — | — |
| 88 | AdvisorShares Investments LLC | 114,951114,951 | $1M | — | ADD 3% |
| 89 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 114,755114,755 | $1M | — | ADD 87% |
| 90 | Quantinno Capital Management LP | 112,244112,244 | $1M | — | ADD 113% |
| 91 | Janney Montgomery Scott LLC | 96,96396,963 | $1M | — | ADD 269% |
| 92 | PROFUND ADVISORS LLC | 91,57791,577 | $1M | — | ADD 2% |
| 93 | Cadence Wealth Management LLC | 91,08091,080 | $1M | — | TRIM -10% |
| 94 | XTX Topco Ltd | 87,36987,369 | $1M | — | TRIM -32% |
| 95 | IMC-Chicago, LLC | 82,57482,574 | $1M | — | NEW |
| 96 | Empowered Funds, LLC | 76,09276,092 | $937,453 | — | ADD 62% |
| 97 | Employees Retirement System of Texas | 73,32973,329 | $903,000 | — | ADD 7% |
| 98 | EVERGREEN CAPITAL MANAGEMENT LLC | 67,50067,500 | $852,540 | — | TRIM -16% |
| 99 | Walleye Capital LLC | 64,45364,453 | $794,061 | — | ADD 1074117% |
| 100 | Savant Capital, LLC | 62,55162,551 | $770,629 | — | TRIM -2% |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| Lingotto Investment Management LLP | 27.8M | 28.2M | 28.4M | 56.9M | 28.4M | 19.6M | $246M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | — | 283K | 3.5M | 4.0M | 7.3M | 8.9M | $110M |
| ACADIAN ASSET MANAGEMENT LLC | — | — | 2.4M | 1.6M | 4.8M | 8.3M | $102M |
| MORGAN STANLEY | 4.8M | 2.6M | 7.6M | 9.7M | 6.9M | 6.6M | $81M |
| TWO SIGMA INVESTMENTS, LP | 6.0M | 8.7M | 7.3M | 3.5M | 2.2M | 6.3M | $78M |
| Condire Management, LP | 3.8M | 3.8M | 6.4M | 5.0M | 5.2M | 5.2M | $65M |
| D. E. Shaw & Co., Inc. | 6.5M | 11.8M | 9.4M | 6.2M | 3.6M | 5.1M | $62M |
| JPMORGAN CHASE & CO | 106K | 19K | 6.4M | 18.9M | 2.6M | 5.1M | $56M |
| Bridgewater Associates, LP | 2.2M | 2.4M | 798K | 675K | 266K | 4.4M | $55M |
| Connor, Clark & Lunn Investment Management Ltd. | — | — | 12K | 306K | 1.8M | 4.3M | $53M |
| Goehring & Rozencwajg Associates, LLC | 2.7M | 2.7M | 3.3M | 3.4M | 3.5M | 4.3M | $53M |
| UBS Group AG | 6.1M | 11.2M | 3.2M | 4.8M | 3.1M | 3.8M | $47M |
| PRICE T ROWE ASSOCIATES INC /MD/ | — | — | — | — | 4.4M | 3.3M | $40M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.0M | 1.4M | 262K | 2.5M | 2.5M | 3.1M | $38M |
| AMERICAN CENTURY COMPANIES INC | 1.4M | 1.5M | 2.0M | 2.3M | 2.6M | 3.0M | $37M |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
Source: SEC Schedule 13D/13G structured XML. 13D = active intent; 13G filers report passively (Rule 13d-1(b) QII / 13d-1(c) Passive / 13d-1(d) Exempt) and are not activists. Percent and delta are the group aggregate the filing reports. Structured 13D/G coverage begins December 2024 (SEC XML mandate).
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| Bridgewater Associates, LP | +4,160,771 | $51M | ADD |
| TWO SIGMA INVESTMENTS, LP | +4,147,000 | $51M | ADD |
| ACADIAN ASSET MANAGEMENT LLC | +3,461,754 | $43M | ADD |
| Connor, Clark & Lunn Investment Management Ltd. | +2,495,188 | $31M | ADD |
| JPMORGAN CHASE & CO | +2,439,078 | $30M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Lingotto Investment Management LLP | −8,854,473 | $109M | TRIM |
| DEUTSCHE BANK AG\ | −3,469,111 | $43M | CLOSE |
| TWO SIGMA ADVISERS, LP | −2,428,800 | $30M | CLOSE |
| LORD, ABBETT & CO. LLC | −2,335,343 | $29M | CLOSE |
| BlackRock, Inc. | −2,025,636 | $25M | TRIM |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 266 | 139,266,922 | — | $1.7B |
| 2025-Q4 | 268 | 134,227,863 | — | $1.9B |
| 2025-Q3 | 244 | 181,943,931 | — | $2.0B |
| 2025-Q2 | 224 | 155,234,805 | — | $1.1B |
| 2025-Q1 | 178 | 132,037,071 | — | $604M |
| 2024-Q4 | 191 | 105,216,722 | — | $348M |
| 2024-Q3 | 181 | 109,331,075 | — | $455M |
| 2024-Q2 | 199 | 109,439,783 | — | $477M |
| 2024-Q1 | 195 | 110,750,506 | — | $521M |
| 2023-Q4 | 201 | 109,382,262 | — | $594M |
| 2023-Q3 | 187 | 73,379,501 | — | $453M |
| 2023-Q2 | 198 | 56,723,997 | — | $356M |
| 2023-Q1 | 204 | 53,423,399 | — | $444M |
| 2022-Q4 | 209 | 49,389,398 | — | $487M |
| 2022-Q3 | 183 | 48,598,984 | — | $453M |
| 2022-Q2 | 195 | 46,886,027 | — | $465M |
| 2022-Q1 | 211 | 47,268,398 | — | $767M |
| 2021-Q4 | 157 | 41,146,981 | — | $516M |
| 2021-Q3 | 147 | 44,983,186 | — | $556M |
| 2021-Q2 | 173 | 50,508,131 | — | $845M |
| 2021-Q1 | 167 | 47,664,884 | — | $844M |
| 2020-Q4 | 147 | 71,689,292 | — | $1.1B |
| 2020-Q3 | 139 | 83,145,448 | — | $927M |
| 2020-Q2 | 115 | 117,631,084 | — | $1.0B |
| 2020-Q1 | 119 | 84,038,285 | — | $398M |
| 2019-Q4 | 1 | 388 | — | $3,853 |
