Bard Associates’s Sandstorm Gold SAND Stock Holding History

Bard Associates’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	-25,076	Closed	-$314K	–	257
2025 Q3	$314K	Hold	25,076	–	–	0.08%	136
2025 Q2	$236K	Hold	25,076	–	–	0.08%	144
2025 Q1	$189K	Sell	25,076 -27,830	-53%	-$174K	0.07%	153
2024 Q4	$295K	Sell	52,906 -411,762	-89%	-$2.39M	0.1%	142
2024 Q3	$2.79M	Sell	464,668 -59,614	-11%	-$339K	0.95%	37
2024 Q2	$2.85M	Sell	524,282 -4,427	-0.8%	-$24.5K	1.09%	28
2024 Q1	$2.78M	Sell	528,709 -7,501	-1%	-$34.7K	1%	33
2023 Q4	$2.7M	Sell	536,210 -11,411	-2%	-$54.4K	1.02%	32
2023 Q3	$2.55M	Sell	547,621 -2,637	-0.5%	-$13.8K	1.06%	29
2023 Q2	$2.82M	Sell	550,258 -605	-0.1%	-$3.37K	1.09%	27
2023 Q1	$3.2M	Buy	550,863 +7,338	+1%	+$40.1K	1.32%	20
2022 Q4	$2.86M	Sell	543,525 -16,604	-3%	-$84.8K	1.23%	20
2022 Q3	$2.9M	Buy	560,129 +281,802	+101%	+$1.65M	1.31%	22
2022 Q2	$1.66M	Buy	278,327 +14,331	+5%	+$102K	0.71%	48
2022 Q1	$2.13M	Sell	263,996 -1,000	-0.4%	-$6.9K	0.75%	50
2021 Q4	$1.64M	Hold	264,996	–	–	0.54%	67
2021 Q3	$1.53M	Hold	264,996	–	–	0.52%	78
2021 Q2	$2.09M	Sell	264,996 -500	-0.2%	-$4.05K	0.68%	61
2021 Q1	$1.8M	Sell	265,496 -800	-0.3%	-$5.36K	0.65%	58
2020 Q4	$1.91M	Sell	266,296 -400	-0.1%	-$3.09K	0.75%	44
2020 Q3	$2.25M	Sell	266,696 -3,200	-1%	-$29.6K	1.19%	26
2020 Q2	$2.6M	Sell	269,896 -3,375	-1%	-$26.5K	1.44%	17
2020 Q1	$1.37M	Hold	273,271	–	–	1.01%	33
2019 Q4	$2.04M	Sell	273,271 -7,018	-3%	-$45.7K	1.04%	28
2019 Q3	$1.58M	Sell	280,289 -10,476	-4%	-$63.7K	0.8%	47
2019 Q2	$1.61M	Hold	290,765	–	–	0.8%	43
2019 Q1	$1.59M	Sell	290,765 -1,000	-0.3%	-$5.28K	0.8%	43
2018 Q4	$1.34M	Hold	291,765	–	–	0.78%	49
2018 Q3	$1.09M	Hold	291,765	–	–	0.5%	80
2018 Q2	$1.31M	Sell	291,765 -200	-0.1%	-$922	0.61%	71
2018 Q1	$1.39M	Sell	291,965 -1,438	-0.5%	-$7.02K	0.69%	57
2017 Q4	$1.46M	Sell	293,403 -15,400	-5%	-$69.8K	0.7%	53
2017 Q3	$1.4M	Hold	308,803	–	–	0.65%	60
2017 Q2	$1.2M	Sell	308,803 -100	-0%	-$380	0.54%	73
2017 Q1	$1.32M	Hold	308,903	–	–	0.61%	65
2016 Q4	$1.21M	Hold	308,903	–	–	0.56%	68
2016 Q3	$1.55M	Sell	308,903 -15,338	-5%	-$86K	0.76%	49
2016 Q2	$1.45M	Sell	324,241 -600	-0.2%	-$2.42K	0.77%	50
2016 Q1	$1.07M	Sell	324,841 -600	-0.2%	-$1.65K	0.62%	68
2015 Q4	$856K	Sell	325,441 -5,250	-2%	-$14.4K	0.5%	75
2015 Q3	$883K	Sell	330,691 -16,038	-5%	-$43.9K	0.51%	74
2015 Q2	$1.02M	Sell	346,729 -7,660	-2%	-$25.8K	0.51%	75
2015 Q1	$1.16M	Sell	354,389 -2,300	-0.6%	-$8.21K	0.56%	72
2014 Q4	$1.21M	Sell	356,689 -4,500	-1%	-$14.9K	0.57%	73
2014 Q3	$1.55M	Buy	361,189 +238,099	+193%	+$1.42M	0.73%	56
2014 Q2	$852K	Hold	123,090	–	–	0.34%	103
2014 Q1	$686K	Sell	123,090 -1,000	-0.8%	-$5.36K	0.29%	118
2013 Q4	$533K	Sell	124,090 -1,500	-1%	-$7.18K	0.22%	129
2013 Q3	$676K	Buy	125,590 +2,800	+2%	+$16.8K	0.3%	112
2013 Q2	$718K	Buy	+122,790	New	+$917K	0.34%	105

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

Bard Associates's SAND Position: Q4 2025 in Review

Bard Associates sold out of Sandstorm Gold (SAND) in Q4 2025, closing a stake of 25,076 shares — an estimated $314K sold.

Bard Associates first reported a position in SAND in Q2 2013 and held it in 50 quarters. The position peaked at $3.2M in Q1 2023. 2 funds tracked by Wall St. Rank hold SAND as of Q4 2025.

Bard Associates reported no remaining Sandstorm Gold position as of Q4 2025 after selling out during the quarter.
Bard Associates sold 25,076 Sandstorm Gold shares in Q4 2025, an estimated $314K.
Bard Associates first reported a position in Sandstorm Gold in Q2 2013 and held it in 50 quarters.
Bard Associates's Sandstorm Gold position peaked at $3.2M in Q1 2023.
2 funds tracked by Wall St. Rank held Sandstorm Gold as of Q4 2025.

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