We are live on ! Find out more
RGLD icon

Royal Gold
RGLD

650 hedge funds and large institutions have $12.4B invested in Royal Gold in 2025 Q3 according to their latest regulatory filings, with 110 funds opening new positions, 225 increasing their positions, 211 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 110 | Existing positions closed: 68

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

21% more capital invested

Capital invested by funds: $10.2B → $12.4B (+$2.15B)

19% more call options, than puts

Call options by funds: $204M | Put options by funds: $171M

6.31% more ownership

Funds ownership: 87.52% → 93.83% (+6.3%)

6% more funds holding

Funds holding: 612 → 650 (+38)

7% more repeat investments, than reductions

Existing positions increased: 225 | Existing positions reduced: 211

Holders
650
Holders Change
+38
Holders Change %
+6.21%
% of All Funds
8.53%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
110
Increased
225
Reduced
211
Closed
68
Calls
$204M
Puts
$171M
Net Calls
+$32.4M
Net Calls Change
+$28.2M

Top Buyers

1
VanEck Associates
VanEck Associates
New York
+$441M
2
Citadel Advisors
Citadel Advisors
Florida
+$86.7M
3
Millennium Management
Millennium Management
New York
+$84.2M
4
UBS Group
UBS Group
Switzerland
+$63.4M
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$49.3M

Top Sellers

1
First Eagle Investment Management
First Eagle Investment Management
New York
-$190M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$153M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$33.5M
4
DCM
Driehaus Capital Management
Illinois
-$20.4M
5
UBS AM
UBS AM
Illinois
-$20.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
401
MAI Capital Management
Ohio
$395K -$23.5K -136 -6%
ECM
402
Everence Capital Management
Indiana
$385K – – –
SAI
403
Savvy Advisors Inc
New York
$380K +$9.86K +57 +3%
SFA
404
Sequoia Financial Advisors
Ohio
$379K +$327K +1,890 New
KBC Group
405
KBC Group
Belgium
$375K – – –
CB
406
Cadence Bank
Mississippi
$365K – – –
JSSH
407
J. Safra Sarasin Holding
$362K +$312K +1,804 New
EH
408
Equitable Holdings
New York
$360K +$310K +1,793 New
Luther King Capital Management (LKCM)
409
Luther King Capital Management (LKCM)
Texas
$359K -$865 -5 -0.3%
GS
410
GTS Securities
New York
$359K +$310K +1,790 New
PRS
411
Pinkerton Retirement Specialists
Idaho
$355K – – –
FFM
412
Forum Financial Management
Illinois
$350K +$11.9K +69 +4%
SWP
413
Significant Wealth Partners
Illinois
$350K +$50.7K +293 +20%
SCA
414
Snowden Capital Advisors
New York
$347K -$17.3K -100 -5%
EWM
415
Empirical Wealth Management
Washington
$343K +$295K +1,708 New
BFA
416
Benedict Financial Advisors
Georgia
$342K -$692 -4 -0.2%
TC
417
TwinBeech Capital
New York
$338K +$291K +1,684 New
CS
418
Cannell & Spears
New York
$336K -$3.42M -19,750 -92%
UB
419
UMB Bank
Missouri
$336K -$2.42K -14 -0.8%
Walleye Trading
420
Walleye Trading
New York
$334K -$154K -892 -35%
PPW
421
Parcion Private Wealth
Washington
$332K -$85.3K -493 -23%
SI
422
Seeds Investor
New York
$330K -$15.6K -90 -5%
C
423
Covestor
United Kingdom
$327K +$116K +673 +70%
DO
424
denkapparat Operations
Germany
$327K -$102K -592 -27%
HWM
425
HB Wealth Management
Georgia
$324K +$35.8K +207 +15%
15 16
17
18 19

RGLD Hedge Fund Activity: Q3 2025 in Review

650 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Royal Gold (RGLD) for Q3 2025, worth a combined $12.4B — up 21% from $10.2B a quarter earlier.

Buyers outnumbered sellers: 110 funds opened new RGLD positions and 68 closed out — a net gain of 42 holders — while 225 added to existing stakes and 211 trimmed.

The largest buyer was VanEck Associates, adding an estimated $441M. The largest seller was First Eagle Investment Management, cutting an estimated $190M.

  • 650 institutional investors held Royal Gold (RGLD) as of Q3 2025, up from 612 in Q2 2025.
  • Funds reported $12.4B of Royal Gold stock for Q3 2025, up 21% quarter-over-quarter.
  • 110 funds opened new Royal Gold positions in Q3 2025 and 68 closed out, a net change of +42 holders.
  • The largest Royal Gold buyer in Q3 2025 was VanEck Associates, an estimated $441M added.
  • The largest Royal Gold seller in Q3 2025 was First Eagle Investment Management, an estimated $190M sold.

Based on aggregated 13F filings for Q3 2025.