Seabridge Gold Inc.
US ˙ NYSE ˙ CA8119161054

SecuritySA / Seabridge Gold Inc.
InstitutionAlps Advisors Inc
Latest Disclosed Ownership445,763 shares
Latest Disclosed Value $ 12,632,923
Alps Advisors Inc reports 18.84% decrease in ownership of SA / Seabridge Gold Inc.

On May 8, 2026 - Alps Advisors Inc filed a 13F-HR form disclosing ownership of 445,763 shares of Seabridge Gold Inc. (US:SA) valued at $12,632,923 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 549,225 shares of Seabridge Gold Inc.. This represents a change in shares of -18.84% during the quarter. The current value of the position is $15,289,671 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)
2026-05-08 2026-03-31 13F SEABRIDGE GOLD COM 811916105 445,763 -103,462 -18.84 12,633 -22.27 0.0546
2026-02-12 2025-12-31 13F SEABRIDGE GOLD COM 811916105 549,225 3,319 0.61 16,252 23.27 0.0946
2025-11-05 2025-09-30 13F SEABRIDGE GOLD COM 811916105 545,906 32,385 6.31 13,184 76.81 0.0734
2025-08-11 2025-06-30 13F SEABRIDGE GOLD COM 811916105 513,521 39,330 8.29 7,456 34.76 0.0430
2025-04-30 2025-03-31 13F SEABRIDGE GOLD COM 811916105 474,191 95,221 25.13 5,534 27.96 0.0321
2025-02-13 2024-12-31 13F SEABRIDGE GOLD COM 811916105 378,970 10,120 2.74 4,324 -30.17 0.0273
2024-11-12 2024-09-30 13F SEABRIDGE GOLD COM 811916105 368,850 -9,415 -2.49 6,193 19.58 0.0414
2024-08-13 2024-06-30 13F SEABRIDGE GOLD COM 811916105 378,265 43,865 13.12 5,178 2.41 0.0355
2024-05-14 2024-03-31 13F SEABRIDGE GOLD COM 811916105 334,400 -10,494 -3.04 5,056 20.87 0.0358
2024-02-14 2023-12-31 13F SEABRIDGE GOLD COM 811916105 344,894 14,684 4.45 4,184 20.10 0.0329
2023-11-14 2023-09-30 13F SEABRIDGE GOLD COM 811916105 330,210 1,700 0.52 3,484 -12.00 0.0289
2023-08-14 2023-06-30 13F SEABRIDGE GOLD COM 811916105 328,510 301,720 1,126.24 3,959 1,043.93 0.0344
2023-05-10 2023-03-31 13F SEABRIDGE GOLD COM 811916105 26,790 -1,520 -5.37 347 -2.81 0.0031
2023-02-14 2022-12-31 13F SEABRIDGE GOLD COM 811916105 28,310 -366,339 -92.83 356 -92.40 0.0032
2022-11-14 2022-09-30 13F SEABRIDGE GOLD COM 811916105 394,649 394,649 4,684 0.0443
2022-08-15 2022-06-30 13F/A-1 SEABRIDGE GOLD COM 811916105 0 -259,722 -100.00 0 -100.00
2022-08-10 2022-06-30 13F SEABRIDGE GOLD COM 811916105 0 -259,722 0
2022-05-16 2022-03-31 13F SEABRIDGE GOLD COM 811916105 259,722 11,300 4.55 4,805 17.31 0.0521
2022-02-09 2021-12-31 13F SEABRIDGE GOLD COM 811916105 248,422 118,468 91.16 4,096 103.98 0.0461
2021-11-15 2021-09-30 13F SEABRIDGE GOLD COM 811916105 129,954 7,402 6.04 2,008 -6.65 0.0193
2021-08-11 2021-06-30 13F SEABRIDGE GOLD COM 811916105 122,552 14,115 13.02 2,151 22.70 0.0190
2021-05-07 2021-03-31 13F SEABRIDGE GOLD COM 811916105 108,437 14,903 15.93 1,753 -11.06 0.0171
2021-02-03 2020-12-31 13F SEABRIDGE GOLD COM 811916105 93,534 70,141 299.84 1,971 348.97 0.0222
2020-11-05 2020-09-30 13F/A-1 SEABRIDGE GOLD COM 811916105 23,393 4,812 25.90 439 34.66 0.0065
2020-11-04 2020-09-30 13F SEABRIDGE GOLD COM 811916105 23,393 4,812 439 5,626.3109
2020-08-05 2020-06-30 13F SEABRIDGE GOLD COM 811916105 18,581 3,487 23.10 326 131.21 0.0044
2020-05-06 2020-03-31 13F SEABRIDGE GOLD COM 811916105 15,094 -1 -0.01 141 -32.54 0.0022
2020-02-07 2019-12-31 13F SEABRIDGE GOLD COM 811916105 15,095 -141,774 -90.38 209 -89.48 0.0016
2019-11-04 2019-09-30 13F SEABRIDGE GOLD COMMON STOCK 811916105 156,869 38,034 32.01 1,986 23.51 0.0155
2019-08-07 2019-06-30 13F SEABRIDGE GOLD COMMON STOCK 811916105 118,835 -13,293 -10.06 1,608 -1.77 0.0119
2019-05-01 2019-03-31 13F SEABRIDGE GOLD COMMON STOCK 811916105 132,128 -24,872 -15.84 1,637 -21.18 0.0116
2019-02-04 2018-12-31 13F SEABRIDGE GOLD COMMON STOCK 811916105 157,000 43,598 38.45 2,077 41.39 0.0161
2018-10-25 2018-09-30 13F SEABRIDGE GOLD COMMON STOCK 811916105 113,402 -238,968 -67.82 1,469 -62.61 0.0096
2018-08-02 2018-06-30 13F/A-2 Seabridge Gold COMMON STOCK 811916105 352,370 -94,589 -21.16 3,929 -18.60 0.0256
2018-07-31 2018-06-30 13F/A-1 Seabridge Gold COMMON STOCK 811916105 190,812 -161,558 2,156 0.0138
2018-07-25 2018-06-30 13F Seabridge Gold COMMON STOCK 811916105 190,812 -256,147 2,156
2018-05-01 2018-03-31 13F Seabridge Gold COMMON STOCK 811916105 446,959 256,147 134.24 4,827 123.89 0.0384
2018-02-20 2017-12-31 13F/A-1 Seabridge Gold COMMON STOCK 811916105 190,812 -117,965 -38.20 2,156 -42.77 0.0149
2018-02-05 2017-12-31 13F Seabridge Gold COMMON STOCK 811916105 190,812 -117,965 2,156
2017-11-03 2017-09-30 13F Seabridge Gold COMMON STOCK 811916105 308,777 102,553 49.73 3,767 69.15 0.0267
2017-08-03 2017-06-30 13F Seabridge Gold COMMON STOCK 811916105 206,224 -144,854 -41.26 2,227 -42.34 0.0155
2017-05-12 2017-03-31 13F Seabridge Gold COMMON STOCK 811916105 351,078 191,199 119.59 3,862 196.39 0.0266
2017-01-24 2016-12-31 13F Seabridge Gold ETF 811916105 159,879 16,482 11.49 1,303 -17.64 0.0096
2016-11-02 2016-09-30 13F Seabridge Gold Inc. DL Common Stock 811916105 143,397 -78,917 -35.50 1,582 -51.53 0.0129
2016-07-27 2016-06-30 13F Seabridge Gold Inc. DL Common Stock 811916105 222,314 -77,144 -25.76 3,264 -0.55 0.0289
2016-05-10 2016-03-31 13F Seabridge Gold Inc. DL Common Stock 811916105 299,458 56,587 23.30 3,282 63.04 0.0339
2016-02-05 2015-12-31 13F Seabridge Gold Inc. DL Common Stock 811916105 242,871 -119,372 -32.95 2,013 -90.42 0.0196
2015-11-13 2015-09-30 13F Seabridge Gold Inc. DL Common Stock 811916105 362,243 340,131 1,538.22 21,010 15,462.96 0.0221
2015-08-12 2015-06-30 13F SEABRIDGE GOLD Common Stock 811916105 22,112 22,112 0.00 135 0.0012
2015-02-13 2014-12-31 13F SEABRIDGE GOLD Common Stock 811916105 0 -112,831 -100.00 0 -100.00
2014-12-18 2014-09-30 13F/A-1 SEABRIDGE GOLD Common Stock 811916105 112,831 112,831 907 0.0070
2014-11-24 2014-09-30 13F SEABRIDGE GOLD Common Stock 811916105 112,831 907 0.0144
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.