Cannell & Spears’s Sandstorm Gold SAND Stock Holding History

Cannell & Spears’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	-1,020,996	Closed	-$12.8M	–	430
2025 Q3	$12.8M	Sell	1,020,996 -44	-0%	-$468	0.24%	90
2025 Q2	$9.6M	Sell	1,021,040 -865	-0.1%	-$7.41K	0.19%	100
2025 Q1	$7.72M	Buy	1,021,905 +12,800	+1%	+$80K	0.17%	109
2024 Q4	$5.63M	Hold	1,009,105	–	–	0.12%	124
2024 Q3	$6.05M	Hold	1,009,105	–	–	0.12%	123
2024 Q2	$5.49M	Sell	1,009,105 -8,925	-0.9%	-$49.4K	0.11%	121
2024 Q1	$5.34M	Buy	+1,018,030	New	+$4.71M	0.11%	124

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

Cannell & Spears's SAND Position: Q4 2025 in Review

Cannell & Spears sold out of Sandstorm Gold (SAND) in Q4 2025, closing a stake of 1,020,996 shares — an estimated $12.8M sold.

Cannell & Spears first reported a position in SAND in Q1 2024 and held it in 7 quarters. The position peaked at $12.8M in Q3 2025. 2 funds tracked by Wall St. Rank hold SAND as of Q4 2025.

Cannell & Spears reported no remaining Sandstorm Gold position as of Q4 2025 after selling out during the quarter.
Cannell & Spears sold 1,020,996 Sandstorm Gold shares in Q4 2025, an estimated $12.8M.
Cannell & Spears first reported a position in Sandstorm Gold in Q1 2024 and held it in 7 quarters.
Cannell & Spears's Sandstorm Gold position peaked at $12.8M in Q3 2025.
2 funds tracked by Wall St. Rank held Sandstorm Gold as of Q4 2025.

Based on Cannell & Spears's 13F filing for Q4 2025, filed 17 Feb 2026.