Water Island Capital’s Sandstorm Gold SAND Stock Holding History

Water Island Capital’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	-214,205	Closed	-$2.68M	–	123
2025 Q3	$2.68M	Buy	+214,205	New	+$2.28M	0.34%	55

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

Water Island Capital's SAND Position: Q4 2025 in Review

Water Island Capital sold out of Sandstorm Gold (SAND) in Q4 2025, closing a stake of 214,205 shares — an estimated $2.68M sold.

Water Island Capital first reported a position in SAND in Q3 2025 and held it in 1 quarter. The position peaked at $2.68M in Q3 2025. 2 funds tracked by Wall St. Rank hold SAND as of Q4 2025.

Water Island Capital reported no remaining Sandstorm Gold position as of Q4 2025 after selling out during the quarter.
Water Island Capital sold 214,205 Sandstorm Gold shares in Q4 2025, an estimated $2.68M.
Water Island Capital first reported a position in Sandstorm Gold in Q3 2025 and held it in 1 quarter.
Water Island Capital's Sandstorm Gold position peaked at $2.68M in Q3 2025.
2 funds tracked by Wall St. Rank held Sandstorm Gold as of Q4 2025.

Based on Water Island Capital's 13F filing for Q4 2025, filed 17 Feb 2026.