Royce & Associates’s Sandstorm Gold SAND Stock Holding History

Royce & 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	-507,500	Closed	-$6.35M	–	807
2025 Q3	$6.35M	Sell	507,500 -200,000	-28%	-$2.13M	0.06%	414
2025 Q2	$6.65M	Sell	707,500 -67,500	-9%	-$578K	0.07%	403
2025 Q1	$5.85M	Sell	775,000 -10,000	-1%	-$62.5K	0.06%	411
2024 Q4	$4.38M	Sell	785,000 -25,000	-3%	-$145K	0.04%	510
2024 Q3	$4.86M	Hold	810,000	–	–	0.04%	482
2024 Q2	$4.41M	Hold	810,000	–	–	0.04%	504
2024 Q1	$4.25M	Hold	810,000	–	–	0.04%	531
2023 Q4	$4.07M	Hold	810,000	–	–	0.04%	532
2023 Q3	$3.77M	Hold	810,000	–	–	0.04%	535
2023 Q2	$4.15M	Hold	810,000	–	–	0.04%	541
2023 Q1	$4.71M	Hold	810,000	–	–	0.05%	496
2022 Q4	$4.26M	Hold	810,000	–	–	0.04%	509
2022 Q3	$4.19M	Hold	810,000	–	–	0.05%	481
2022 Q2	$4.82M	Hold	810,000	–	–	0.05%	482
2022 Q1	$6.54M	Hold	810,000	–	–	0.06%	488
2021 Q4	$5.02M	Hold	810,000	–	–	0.04%	565
2021 Q3	$4.67M	Hold	810,000	–	–	0.03%	598
2021 Q2	$6.39M	Hold	810,000	–	–	0.04%	556
2021 Q1	$5.51M	Hold	810,000	–	–	0.04%	581
2020 Q4	$5.81M	Hold	810,000	–	–	0.05%	518
2020 Q3	$6.84M	Hold	810,000	–	–	0.07%	395
2020 Q2	$7.79M	Hold	810,000	–	–	0.09%	339
2020 Q1	$4.06M	Hold	810,000	–	–	0.06%	433
2019 Q4	$6.04M	Hold	810,000	–	–	0.05%	444
2019 Q3	$4.57M	Buy	810,000 +300,000	+59%	+$1.83M	0.04%	501
2019 Q2	$2.83M	Hold	510,000	–	–	0.03%	633
2019 Q1	$2.79M	Hold	510,000	–	–	0.02%	644
2018 Q4	$2.35M	Hold	510,000	–	–	0.02%	684
2018 Q3	$1.9M	Buy	510,000 +240,000	+89%	+$976K	0.01%	836
2018 Q2	$1.22M	Sell	270,000 -41,400	-13%	-$191K	0.01%	911
2018 Q1	$1.48M	Buy	311,400 +41,400	+15%	+$202K	0.01%	909
2017 Q4	$1.35M	Buy	270,000 +400	+0.1%	+$1.81K	0.01%	919
2017 Q3	$1.22M	Sell	269,600 -36,900	-12%	-$162K	0.01%	914
2017 Q2	$1.19M	Buy	306,500 +161,800	+112%	+$614K	0.01%	932
2017 Q1	$618K	Sell	144,700 -114,200	-44%	-$503K	﹤0.01%	1032
2016 Q4	$1.01M	Buy	258,900 +193,100	+293%	+$809K	0.01%	940
2016 Q3	$331K	Buy	65,800 +1,100	+2%	+$6.17K	﹤0.01%	1023
2016 Q2	$289K	Buy	+64,700	New	+$261K	﹤0.01%	1029

Other funds holding SAND

Quent Capital New York $1.63B AUM 27.42% 1-Year Est. Return

IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return

Royce & Associates's SAND Position: Q4 2025 in Review

Royce & Associates sold out of Sandstorm Gold (SAND) in Q4 2025, closing a stake of 507,500 shares — an estimated $6.35M sold.

Royce & Associates first reported a position in SAND in Q2 2016 and held it in 38 quarters. The position peaked at $7.79M in Q2 2020. 2 funds tracked by Wall St. Rank hold SAND as of Q4 2025.

Royce & Associates reported no remaining Sandstorm Gold position as of Q4 2025 after selling out during the quarter.
Royce & Associates sold 507,500 Sandstorm Gold shares in Q4 2025, an estimated $6.35M.
Royce & Associates first reported a position in Sandstorm Gold in Q2 2016 and held it in 38 quarters.
Royce & Associates's Sandstorm Gold position peaked at $7.79M in Q2 2020.
2 funds tracked by Wall St. Rank held Sandstorm Gold as of Q4 2025.

Based on Royce & Associates's 13F filing for Q4 2025, filed 9 Feb 2026.