Cercano Management’s Sandstorm Gold SAND Stock Holding History

Cercano 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	-226,238	Closed	-$2.83M	–	159
2025 Q3	$2.83M	Sell	226,238 -40,197	-15%	-$427K	0.11%	80
2025 Q2	$2.51M	Sell	266,435 -50,663	-16%	-$434K	0.07%	81
2025 Q1	$2.39M	Sell	317,098 -178,932	-36%	-$1.12M	0.07%	75
2024 Q4	$2.77M	Buy	+496,030	New	+$2.88M	0.07%	99

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

Cercano Management's SAND Position: Q4 2025 in Review

Cercano Management sold out of Sandstorm Gold (SAND) in Q4 2025, closing a stake of 226,238 shares — an estimated $2.83M sold.

Cercano Management first reported a position in SAND in Q4 2024 and held it in 4 quarters. The position peaked at $2.83M in Q3 2025. 2 funds tracked by Wall St. Rank hold SAND as of Q4 2025.

Cercano Management reported no remaining Sandstorm Gold position as of Q4 2025 after selling out during the quarter.
Cercano Management sold 226,238 Sandstorm Gold shares in Q4 2025, an estimated $2.83M.
Cercano Management first reported a position in Sandstorm Gold in Q4 2024 and held it in 4 quarters.
Cercano Management's Sandstorm Gold position peaked at $2.83M in Q3 2025.
2 funds tracked by Wall St. Rank held Sandstorm Gold as of Q4 2025.

Based on Cercano Management's 13F filing for Q4 2025, filed 10 Feb 2026.