Alpine Associates Management’s Sandstorm Gold SAND Stock Holding History

Alpine Associates Management’s Portfolio SAND Stock Details SAND Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-3,767,815	Closed	-$47.2M	–	89
2025 Q3	$47.2M	Buy	+3,767,815	New	+$40.1M	2.85%	11

Other funds holding SAND

Quent Capital New York $1.41B AUM 22.9% 1-Year Est. Return

IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return

Alpine Associates Management's SAND Position: Q4 2025 in Review

Alpine Associates Management sold out of Sandstorm Gold (SAND) in Q4 2025, closing a stake of 3,767,815 shares — an estimated $47.2M sold.

Alpine Associates Management first reported a position in SAND in Q3 2025 and held it in 1 quarter. The position peaked at $47.2M in Q3 2025. 2 funds tracked by Wall St. Rank hold SAND as of Q4 2025.

Alpine Associates Management reported no remaining Sandstorm Gold position as of Q4 2025 after selling out during the quarter.
Alpine Associates Management sold 3,767,815 Sandstorm Gold shares in Q4 2025, an estimated $47.2M.
Alpine Associates Management first reported a position in Sandstorm Gold in Q3 2025 and held it in 1 quarter.
Alpine Associates Management's Sandstorm Gold position peaked at $47.2M in Q3 2025.
2 funds tracked by Wall St. Rank held Sandstorm Gold as of Q4 2025.

Based on Alpine Associates Management's 13F filing for Q4 2025, filed 5 Feb 2026.