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
2021 Q1	–	Sell	-400,000	Closed	-$2.8M	–	5310
2020 Q4	$2.8M	Buy	+400,000	New	+$3.09M	﹤0.01%	1674
2018 Q1	–	Sell	-1,550,200	Closed	-$7.74M	–	4308
2017 Q4	$7.74M	Buy	1,550,200 +1,460,200	+1,622%	+$6.62M	0.01%	955
2017 Q3	$409K	Hold	90,000	–	–	﹤0.01%	2368
2017 Q2	$348K	Buy	90,000 +23,900	+36%	+$90.7K	﹤0.01%	2417
2017 Q1	$282K	Buy	66,100 +46,100	+231%	+$203K	﹤0.01%	2314
2016 Q4	$74K	Hold	20,000	–	–	﹤0.01%	2970
2016 Q3	$101K	Buy	+20,000	New	+$112K	﹤0.01%	2775
2014 Q2	–	Sell	-32,500	Closed	-$181K	–	4799
2014 Q1	$181K	Hold	32,500	–	–	﹤0.01%	2540
2013 Q4	$139K	Buy	+32,500	New	+$155K	﹤0.01%	2387
2013 Q3	–	Sell	-25,000	Closed	-$146K	–	3914
2013 Q2	$146K	Buy	+25,000	New	+$187K	﹤0.01%	2301

Other funds holding SAND

Quent Capital New York $1.63B AUM 27.42% 1-Year Est. Return

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.