Bank of Montreal
SAND

Bank of Montreal’s Sandstorm Gold SAND Stock Holding History

Bank of Montreal’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
-2,286,717
Closed -$28.6M – 3806
2025
Q3 		$28.6M Buy
2,286,717
+612,839
+37% +$6.52M 0.01% 667
2025
Q2 		$15.8M Sell
1,673,878
-687,103
-29% -$5.88M 0.01% 821
2025
Q1 		$17.8M Buy
2,360,981
+1,723
+0.1% +$10.8K 0.01% 747
2024
Q4 		$13.2M Buy
2,359,258
+954,564
+68% +$5.54M 0.01% 896
2024
Q3 		$8.55M Sell
1,404,694
-155,963
-10% -$886K ﹤0.01% 1106
2024
Q2 		$8.51M Buy
1,560,657
+41,623
+3% +$230K ﹤0.01% 1070
2024
Q1 		$7.84M Buy
1,519,034
+68,326
+5% +$316K ﹤0.01% 1058
2023
Q4 		$7.51M Sell
1,450,708
-66,894
-4% -$319K ﹤0.01% 1127
2023
Q3 		$7.89M Sell
1,517,602
-824
-0.1% -$4.33K ﹤0.01% 1090
2023
Q2 		$8M Sell
1,518,426
-171,559
-10% -$955K ﹤0.01% 1112
2023
Q1 		$9.95M Buy
1,689,985
+419,135
+33% +$2.29M ﹤0.01% 950
2022
Q4 		$6.88M Sell
1,270,850
-17,578
-1% -$89.8K ﹤0.01% 1149
2022
Q3 		$6.67K Buy
1,288,428
+310,622
+32% +$1.81M ﹤0.01% 1197
2022
Q2 		$6.09K Sell
977,806
-6,336
-0.6% -$45K ﹤0.01% 1311
2022
Q1 		$7.96M Buy
984,142
+19,595
+2% +$135K ﹤0.01% 1250
2021
Q4 		$6.07M Sell
964,547
-49,779
-5% -$311K ﹤0.01% 1154
2021
Q3 		$5.95M Sell
1,014,326
-111,085
-10% -$767K ﹤0.01% 1550
2021
Q2 		$8.77M Sell
1,125,411
-594,348
-35% -$4.81M ﹤0.01% 1337
2021
Q1 		$13M Buy
1,719,759
+140,284
+9% +$941K 0.01% 882
2020
Q4 		$11M Buy
1,579,475
+281,019
+22% +$2.17M 0.01% 962
2020
Q3 		$10.7M Sell
1,298,456
-243,280
-16% -$2.25M 0.01% 830
2020
Q2 		$15M Sell
1,541,736
-777,846
-34% -$6.11M 0.01% 679
2020
Q1 		$12.7M Buy
2,319,582
+120,793
+5% +$772K 0.01% 627
2019
Q4 		$16.4M Sell
2,198,789
-670,451
-23% -$4.36M 0.01% 759
2019
Q3 		$16.2M Sell
2,869,240
-79,907
-3% -$486K 0.01% 695
2019
Q2 		$16.3M Buy
2,949,147
+523,870
+22% +$2.82M 0.01% 709
2019
Q1 		$13.3M Buy
2,425,277
+705,198
+41% +$3.72M 0.01% 754
2018
Q4 		$7.93M Buy
1,720,079
+84,369
+5% +$343K 0.01% 869
2018
Q3 		$6.1M Sell
1,635,710
-1,561,368
-49% -$6.35M ﹤0.01% 1090
2018
Q2 		$14.4M Buy
3,197,078
+336,749
+12% +$1.55M 0.01% 729
2018
Q1 		$13.6M Buy
2,860,329
+34,710
+1% +$169K 0.01% 744
2017
Q4 		$14.1M Sell
2,825,619
-308,721
-10% -$1.4M 0.01% 736
2017
Q3 		$14.2M Buy
3,134,340
+1,833,605
+141% +$8.03M 0.01% 707
2017
Q2 		$5.03M Buy
1,300,735
+86,120
+7% +$327K ﹤0.01% 1156
2017
Q1 		$5.19M Buy
1,214,615
+65,206
+6% +$287K ﹤0.01% 1056
2016
Q4 		$4.25M Sell
1,149,409
-65,152
-5% -$273K ﹤0.01% 1151
2016
Q3 		$6.11M Buy
1,214,561
+488,976
+67% +$2.74M 0.01% 1024
2016
Q2 		$3.24M Buy
725,585
+62,970
+10% +$254K ﹤0.01% 1276
2016
Q1 		$2.18M Buy
662,615
+52,474
+9% +$144K ﹤0.01% 1399
2015
Q4 		$1.6M Buy
610,141
+368,614
+153% +$1.01M ﹤0.01% 1503
2015
Q3 		$645K Sell
241,527
-9,783
-4% -$26.8K ﹤0.01% 1741
2015
Q2 		$739K Buy
251,310
+4,677
+2% +$15.8K ﹤0.01% 1794
2015
Q1 		$809K Sell
246,633
-3,710
-1% -$13.2K ﹤0.01% 1721
2014
Q4 		$851K Sell
250,343
-148,197
-37% -$492K ﹤0.01% 1806
2014
Q3 		$1.71M Buy
398,540
+2,037
+0.5% +$12.1K ﹤0.01% 1542
2014
Q2 		$2.74M Sell
396,503
-41,656
-10% -$242K ﹤0.01% 1327
2014
Q1 		$2.44M Sell
438,159
-1,715,998
-80% -$9.19M ﹤0.01% 1248
2013
Q4 		$9.2M Buy
2,154,157
+1,705,458
+380% +$8.16M 0.01% 618
2013
Q3 		$2.41M Sell
448,699
-479,110
-52% -$2.87M ﹤0.01% 1078
2013
Q2 		$5.43M Buy
+927,809
New +$6.93M 0.01% 701

Other funds holding SAND

QC
Quent Capital New York $1.63B AUM 27.42% 1-Year Est. Return
IA
IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return

Bank of Montreal's SAND Position: Q4 2025 in Review

Bank of Montreal sold out of Sandstorm Gold (SAND) in Q4 2025, closing a stake of 2,286,717 shares — an estimated $28.6M sold.

Bank of Montreal first reported a position in SAND in Q2 2013 and held it in 50 quarters. The position peaked at $28.6M in Q3 2025. 2 funds tracked by Wall St. Rank hold SAND as of Q4 2025.

  • Bank of Montreal reported no remaining Sandstorm Gold position as of Q4 2025 after selling out during the quarter.
  • Bank of Montreal sold 2,286,717 Sandstorm Gold shares in Q4 2025, an estimated $28.6M.
  • Bank of Montreal first reported a position in Sandstorm Gold in Q2 2013 and held it in 50 quarters.
  • Bank of Montreal's Sandstorm Gold position peaked at $28.6M in Q3 2025.
  • 2 funds tracked by Wall St. Rank held Sandstorm Gold as of Q4 2025.

Based on Bank of Montreal's 13F filing for Q4 2025, filed 12 Feb 2026.