Intrepid Capital Management’s Sandstorm Gold SAND Stock Holding History

Intrepid Capital 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
2016 Q3	–	Sell	-807,082	Closed	-$3.6M	–	32
2016 Q2	$3.6M	Sell	807,082 -997,683	-55%	-$4.02M	1.42%	22
2016 Q1	$5.94M	Sell	1,804,765 -1,216,236	-40%	-$3.35M	2.34%	21
2015 Q4	$7.95M	Buy	3,021,001 +367,850	+14%	+$1.01M	2.7%	17
2015 Q3	$7.08M	Buy	2,653,151 +296,123	+13%	+$811K	2.24%	20
2015 Q2	$6.93M	Buy	2,357,028 +12,785	+0.5%	+$43.1K	2.28%	20
2015 Q1	$7.69M	Sell	2,344,243 -73,000	-3%	-$261K	2.35%	18
2014 Q4	$8.22M	Buy	+2,417,243	New	+$8.02M	2.21%	20

Other funds holding SAND

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

Canada Life Winnipeg, Manitoba, Canada $55.8B AUM 26.04% 1-Year Est. Return

EIG

EdgePoint Investment Group Toronto, Ontario, Canada $12.5B AUM 31.7% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

FIMG

Financial & Investment Management Group Traverse City, Michigan $274M AUM 8.43% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Intrepid Capital Management's SAND Position: Q3 2016 in Review

Intrepid Capital Management sold out of Sandstorm Gold (SAND) in Q3 2016, closing a stake of 807,082 shares — an estimated $3.6M sold.

Intrepid Capital Management first reported a position in SAND in Q4 2014 and held it in 7 quarters. The position peaked at $8.22M in Q4 2014. 95 funds tracked by Wall St. Rank hold SAND as of Q3 2016.

Intrepid Capital Management reported no remaining Sandstorm Gold position as of Q3 2016 after selling out during the quarter.
Intrepid Capital Management sold 807,082 Sandstorm Gold shares in Q3 2016, an estimated $3.6M.
Intrepid Capital Management first reported a position in Sandstorm Gold in Q4 2014 and held it in 7 quarters.
Intrepid Capital Management's Sandstorm Gold position peaked at $8.22M in Q4 2014.
95 funds tracked by Wall St. Rank held Sandstorm Gold as of Q3 2016.

Based on Intrepid Capital Management's 13F filing for Q3 2016, filed 10 Nov 2016.