Seabridge Gold Inc (SA) shareholders

SANYSEGold and Silver OresFiscal year ends December 31

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 27, 2026Score 5/30

$24.57−0.79 (-3.12%)

Close on Nov 12, 2026Market cap $2.26BP/E –Yield –

Ownership

Institutional holdings as of Jun 30, 2026, from 13F filings

Held by institutions

48.1%

44M of 92M shares

Institutional holders

178

19 new, 33 sold out

Net institutional buying

In Q2 2026

Insider trades, 12 months

0 buys · 0 sales

Open-market trades only

Shares held by institutions

Holders of more than 5%

Latest Schedule 13D (active) or 13G (passive) filed by each holder

Holder	Shares	% of class	Filing	As of
Albert Friedberg Joint filing with FCMI Parent Co. (15.61%), Pan Atlantic Bank & Trust Ltd (10.65%)	16,184,035	16.15%	13D (active) amendment	Mar 3, 2025
David B. Iben Joint filing with Kopernik Global Investors, LLC (11.05%)	11,939,055	11.05%	13G (passive) amendment	Oct 31, 2026
Van Eck Associates Corp	7,264,903	6.95%	13G (passive) amendment	Dec 31, 2025

Top institutional holders

13F holdings as of Jun 30, 2026

Holder	Shares	% of SA	Value	Change	% of portfolio
Kopernik Global Investors, LLC	7,554,992	8.22%	$194.47M	+222,129	11.91%
Van Eck Associates Corp	6,506,567	7.08%	$167.47M	−29,263	0.10%
Toroso Investments, LLC	4,335,568	4.72%	$111.60M	+286,493	0.19%
Vanguard Capital Management LLC	2,752,595	2.99%	$71.03M	+168,205	0.00%
Cibc World Market Inc.	2,043,519	2.22%	$52.69M	−169,424	0.08%
Ontario Teachers Pension Plan Board	1,747,341	1.90%	$45.05M	+82,707	0.29%
Morgan Stanley	1,506,097	1.64%	$38.77M	−449,844	0.00%
Raymond James Financial Inc	1,266,223	1.38%	$32.59M	−70,442	0.01%
Norges Bank	1,253,903	1.36%	$32.33M	New	0.00%
Toronto Dominion Bank	1,048,165	1.14%	$27.02M	+7,822	0.03%
Vanguard Fiduciary Trust Co	837,019	0.91%	$21.60M	+53,058	0.00%
D. E. Shaw & Co., Inc.	752,283	0.82%	$19.37M	+396,234	0.01%
Van Den Berg Management I, Inc	647,986	0.70%	$16.68M	−10,064	3.52%
Bank Of Montreal /Can/	591,108	0.64%	$15.24M	+35,819	0.01%
Crawford Fund Management, LLC	515,243	0.56%	$13.26M	+80,500	2.03%
Deutsche Bank AG\	492,824	0.54%	$12.69M	−1,059	0.00%
Dimensional Fund Advisors LP	479,989	0.52%	$12.35M	+36,721	0.00%
Alps Advisors Inc	438,398	0.48%	$11.28M	−7,365	0.05%
Russell Investments Group, Ltd.	429,444	0.47%	$11.07M	+15,479	0.01%
BlackRock, Inc.	407,132	0.44%	$10.48M	+14,142	0.00%

Institutional buying and selling by quarter

Positions opened, added to, reduced and closed by 13F filers

Quarter	Holders	Shares held	% of shares	New / added	Reduced / closed	Shares bought	Shares sold
Q2 2026	178	44M	48.1%	19 / 74	49 / 33	5M	5M
Q1 2026	196	44M	48.1%	31 / 65	56 / 32	7M	6M
Q4 2025	201	45M	49.4%	54 / 63	57 / 9	7M	4M
Q3 2025	159	43M	47.1%	28 / 59	41 / 40	11M	7M
Q2 2025	172	39M	42.0%	28 / 62	45 / 19	6M	2M
Q1 2025	164	35M	38.3%	21 / 71	37 / 30	9M	6M
Q4 2024	176	33M	35.5%	35 / 57	44 / 19	5M	3M
Q3 2024	164	32M	35.0%	24 / 49	50 / 14	3M	2M
Q2 2024	155	32M	34.8%	26 / 59	29 / 20	4M	2M
Q1 2024	153	30M	33.0%	26 / 52	36 / 15	3M	3M
Q4 2023	143	30M	32.9%	21 / 48	38 / 14	3M	2M
Q3 2023	137	30M	32.6%	14 / 45	38 / 16	1M	1M

Top mutual fund and ETF holders

Latest monthly portfolio reports (Form N-PORT)

47 funds held SA in Q2 2026, 49% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.

Fund	Shares	% of SA	Value	% of fund	As of
Amplify Junior Silver Miners ETF	4,227,219	4.60%	$108.81M	3.20%	Jun 30, 2026
VanEck Gold Miners ETF	3,494,656	3.80%	$89.95M	0.40%	Jun 30, 2026
Kopernik Global All-Cap Fund	2,192,337	2.39%	$56.58M	1.75%	Jul 31, 2026
VanEck Junior Gold Miners ETF	2,071,168	2.25%	$53.31M	0.75%	Jun 30, 2026
Kopernik Global All-Cap Fund	1,422,848	1.55%	$26.17M	1.13%	Jul 31, 2026
Vanguard Total International Stock Index Fund	1,377,675	1.50%	$49.79M	0.01%	Jul 31, 2026
Kopernik International Fund	1,026,672	1.12%	$26.50M	2.74%	Jul 31, 2026
Vanguard Developed Markets Index Fund	924,296	1.01%	$33.83M	0.01%	Jun 30, 2026
Sprott Junior Gold Miners ETF	438,398	0.48%	$11.28M	4.26%	Jun 30, 2026
Vanguard Ftse All-World Ex-US Small-Cap Index Fund	365,055	0.40%	$13.19M	0.07%	Jul 31, 2026
The Canadian Small Company Series	305,793	0.33%	$7.89M	0.39%	Jul 31, 2026
iShares Core MSCI International Developed Markets ETF	132,973	0.14%	$2.45M	0.01%	Jul 31, 2026
iShares Core MSCI Total International Stock ETF	118,255	0.13%	$2.17M	0.01%	Jul 31, 2026
International Core Equity 2 Portfolio	103,398	0.11%	$2.67M	0.01%	Jul 31, 2026
Amplify SILJ Junior Silver Miners Covered Call ETF	101,925	0.11%	$2.62M	4.84%	Jun 30, 2026

Short interest

Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)

Short % of shares outstanding

–

6M shares short

Days to cover

10.8

At 1M shares a day

Change since last report

+14.8%

From 5M shares

Short volume, 20 days

57.8%

Of volume reported to FINRA

Shares sold short, last 12 months

Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Seabridge Gold's stock actually held short. Settlement fails (shares not delivered on time) peaked at 172,367 shares on Aug 25, 2026 over the last 90 days.

Planned insider sales

Notices of proposed sale filed on Form 144 before shares are sold

Seller	Filed	Shares	Market value	Planned sale	Acquired through
Gonzalez-Urien Eliseo Officer	Apr 14, 2023	10,000	$138.31K	Apr 13, 2023	Stock Option

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