Horizon Kinetics Asset Management’s Sandstorm Gold SAND Stock Holding History
Bought
Maintained
Sold
| Quarter | Market Value | Status | Shares |
Change in Stake | Trade Value | Portfolio Weight | Portfolio Position | |
|---|---|---|---|---|---|---|---|---|
|
2025
Q4 | – | Sell |
-1,274,954
| Closed | -$16M | – | 334 |
|
|
2025
Q3 | $16M | Sell |
1,274,954
-2,369,697
| -65% | -$25.2M | 0.19% | 44 |
|
|
2025
Q2 | $34.3M | Sell |
3,644,651
-28,145
| -0.8% | -$241K | 0.41% | 27 |
|
|
2025
Q1 | $27.7M | Sell |
3,672,796
-115,876
| -3% | -$724K | 0.31% | 28 |
|
|
2024
Q4 | $21.1M | Sell |
3,788,672
-113,047
| -3% | -$656K | 0.26% | 36 |
|
|
2024
Q3 | $23.4M | Sell |
3,901,719
-83,975
| -2% | -$477K | 0.35% | 32 |
|
|
2024
Q2 | $21.7M | Sell |
3,985,694
-443,752
| -10% | -$2.45M | 0.38% | 32 |
|
|
2024
Q1 | $23.3M | Sell |
4,429,446
-378,921
| -8% | -$1.75M | 0.44% | 29 |
|
|
2023
Q4 | $24.2M | Sell |
4,808,367
-671,789
| -12% | -$3.2M | 0.51% | 27 |
|
|
2023
Q3 | $25.5M | Sell |
5,480,156
-387,581
| -7% | -$2.03M | 0.51% | 29 |
|
|
2023
Q2 | $30M | Sell |
5,867,737
-269,400
| -4% | -$1.5M | 0.65% | 30 |
|
|
2023
Q1 | $35.7M | Sell |
6,137,137
-230,877
| -4% | -$1.26M | 0.68% | 25 |
|
|
2022
Q4 | $33.5M | Sell |
6,368,014
-104,996
| -2% | -$536K | 0.55% | 28 |
|
|
2022
Q3 | $33.5M | Buy |
6,473,010
+47,041
| +0.7% | +$275K | 0.67% | 26 |
|
|
2022
Q2 | $38.2M | Buy |
6,425,969
+395,529
| +7% | +$2.81M | 0.8% | 24 |
|
|
2022
Q1 | $48.7M | Buy |
6,030,440
+567,819
| +10% | +$3.92M | 0.98% | 19 |
|
|
2021
Q4 | $33.9M | Buy |
5,462,621
+63,919
| +1% | +$400K | 0.75% | 22 |
|
|
2021
Q3 | $31.1M | Buy |
5,398,702
+176,520
| +3% | +$1.22M | 0.73% | 23 |
|
|
2021
Q2 | $41.2M | Buy |
5,222,182
+2,363,176
| +83% | +$19.1M | 0.84% | 19 |
|
|
2021
Q1 | $19.4M | Buy |
2,859,006
+299,548
| +12% | +$2.01M | 0.44% | 29 |
|
|
2020
Q4 | $18.4M | Sell |
2,559,458
-146,906
| -5% | -$1.14M | 0.61% | 28 |
|
|
2020
Q3 | $22.8M | Buy |
2,706,364
+30,957
| +1% | +$287K | 0.92% | 23 |
|
|
2020
Q2 | $25.7M | Buy |
2,675,407
+212,937
| +9% | +$1.67M | 0.93% | 20 |
|
|
2020
Q1 | $12.3M | Buy |
2,462,470
+148,397
| +6% | +$948K | 0.55% | 29 |
|
|
2019
Q4 | $17.2M | Buy |
2,314,073
+26,092
| +1% | +$170K | 0.49% | 26 |
|
|
2019
Q3 | $12.9M | Sell |
2,287,981
-75,123
| -3% | -$457K | 0.39% | 35 |
|
|
2019
Q2 | $13.1M | Buy |
2,363,104
+204,149
| +9% | +$1.1M | 0.36% | 36 |
|
|
2019
Q1 | $11.8M | Buy |
+2,158,955
| New | +$11.4M | 0.33% | 38 |
|
Other funds holding SAND
Horizon Kinetics Asset Management's SAND Position: Q4 2025 in Review
Horizon Kinetics Asset Management sold out of Sandstorm Gold (SAND) in Q4 2025, closing a stake of 1,274,954 shares — an estimated $16M sold.
Horizon Kinetics Asset Management first reported a position in SAND in Q1 2019 and held it in 27 quarters. The position peaked at $48.7M in Q1 2022. 2 funds tracked by Wall St. Rank hold SAND as of Q4 2025.
- Horizon Kinetics Asset Management reported no remaining Sandstorm Gold position as of Q4 2025 after selling out during the quarter.
- Horizon Kinetics Asset Management sold 1,274,954 Sandstorm Gold shares in Q4 2025, an estimated $16M.
- Horizon Kinetics Asset Management first reported a position in Sandstorm Gold in Q1 2019 and held it in 27 quarters.
- Horizon Kinetics Asset Management's Sandstorm Gold position peaked at $48.7M in Q1 2022.
- 2 funds tracked by Wall St. Rank held Sandstorm Gold as of Q4 2025.
Based on Horizon Kinetics Asset Management's 13F filing for Q4 2025, filed 11 Feb 2026.