Spark Investment Management’s Sandstorm Gold SAND Stock Holding History

Spark Investment 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	-111,000	Closed	-$1.39M	–	29
2025 Q3	$1.39M	Hold	111,000	–	–	3.49%	9
2025 Q2	$1.04M	Buy	+111,000	New	+$950K	2.86%	11
2020 Q2	–	Sell	-208,000	Closed	-$1.04M	–	230
2020 Q1	$1.04M	Sell	208,000 -16,000	-7%	-$102K	0.55%	52
2019 Q4	$1.67M	Buy	+224,000	New	+$1.46M	0.2%	155
2019 Q2	–	Sell	-205,000	Closed	-$1.12M	–	679
2019 Q1	$1.12M	Buy	+205,000	New	+$1.08M	0.05%	326

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

Spark Investment Management's SAND Position: Q4 2025 in Review

Spark Investment Management sold out of Sandstorm Gold (SAND) in Q4 2025, closing a stake of 111,000 shares — an estimated $1.39M sold.

Spark Investment Management first reported a position in SAND in Q1 2019 and held it in 5 quarters. The position peaked at $1.67M in Q4 2019. 2 funds tracked by Wall St. Rank hold SAND as of Q4 2025.

Spark Investment Management reported no remaining Sandstorm Gold position as of Q4 2025 after selling out during the quarter.
Spark Investment Management sold 111,000 Sandstorm Gold shares in Q4 2025, an estimated $1.39M.
Spark Investment Management first reported a position in Sandstorm Gold in Q1 2019 and held it in 5 quarters.
Spark Investment Management's Sandstorm Gold position peaked at $1.67M in Q4 2019.
2 funds tracked by Wall St. Rank held Sandstorm Gold as of Q4 2025.

Based on Spark Investment Management's 13F filing for Q4 2025, filed 11 Feb 2026.