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Royal Gold

612 hedge funds and large institutions have $10.2B invested in Royal Gold in 2025 Q2 according to their latest regulatory filings, with 106 funds opening new positions, 254 increasing their positions, 151 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

116% more first-time investments, than exits

New positions opened: 106 | Existing positions closed: 49

68% more repeat investments, than reductions

Existing positions increased: 254 | Existing positions reduced: 151

9% more funds holding

Funds holding: 559612 (+53)

8% more capital invested

Capital invested by funds: $9.45B → $10.2B (+$791M)

4% more call options, than puts

Call options by funds: $121M | Put options by funds: $117M

0.33% less ownership

Funds ownership: 87.84%87.52% (-0.33%)

33% less funds holding in top 10

Funds holding in top 10: 96 (-3)

Holders
612
Holders Change
+53
Holders Change %
+9.48%
% of All Funds
8.06%
Holding in Top 10
6
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-33.33%
% of All Funds
0.08%
New
106
Increased
254
Reduced
151
Closed
49
Calls
$121M
Puts
$117M
Net Calls
+$4.19M
Net Calls Change
-$21.2M
Name Holding Trade Value Shares
Change
Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$53.4M +$17.1M +96,674 +47%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$46M -$7.03M -39,690 -13%
N
28
Nuveen
North Carolina
$45.5M +$1.01M +5,715 +2%
American Century Companies
29
American Century Companies
Missouri
$42.8M +$998K +5,635 +2%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$39.7M -$10.9M -61,679 -22%
GF
31
Gabelli Funds
New York
$39.3M -$6.92M -39,100 -15%
Verition Fund Management
32
Verition Fund Management
Connecticut
$36.9M -$26.2M -147,875 -42%
Pacer Advisors
33
Pacer Advisors
Pennsylvania
$36.8M +$24.9M +140,519 +211%
JP Morgan Chase
34
JP Morgan Chase
New York
$35.4M -$958K -5,410 -3%
Qube Research & Technologies (QRT)
35
Qube Research & Technologies (QRT)
United Kingdom
$33.5M +$10M +56,621 +43%
RhumbLine Advisers
36
RhumbLine Advisers
Massachusetts
$33.4M -$262K -1,478 -0.8%
ProShare Advisors
37
ProShare Advisors
Maryland
$32.7M -$6.45M -36,445 -17%
BDLIB
38
Banque de Luxembourg Investments (BLI)
Luxembourg
$32.5M
Deutsche Bank
39
Deutsche Bank
Germany
$32.2M +$3.68M +20,794 +13%
Amundi
40
Amundi
France
$31.9M +$16.9M +95,467 +116%
National Bank of Canada
41
National Bank of Canada
Quebec, Canada
$28.4M +$8.02M +45,321 +40%
UBS Group
42
UBS Group
Switzerland
$28.1M -$49.8M -281,259 -64%
Allianz Asset Management
43
Allianz Asset Management
Germany
$27.6M +$1.16M +6,536 +4%
AFIA
44
America First Investment Advisors
Nebraska
$27.6M -$1.68M -9,510 -6%
Principal Financial Group
45
Principal Financial Group
Iowa
$26.5M -$371K -2,097 -1%
CCM
46
Copeland Capital Management
Pennsylvania
$26.5M +$1.91M +10,804 +8%
Legal & General Group
47
Legal & General Group
United Kingdom
$26.4M +$1.22M +6,908 +5%
Acadian Asset Management
48
Acadian Asset Management
Massachusetts
$25.7M +$1.33M +7,510 +5%
Goldman Sachs
49
Goldman Sachs
New York
$24.4M -$5.61M -31,691 -19%
Allspring Global Investments
50
Allspring Global Investments
North Carolina
$23.8M -$615K -3,472 -3%

RGLD Hedge Fund Activity: Q2 2025 in Review

612 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Royal Gold (RGLD) for Q2 2025, worth a combined $10.2B — up 8.4% from $9.45B a quarter earlier.

Buyers outnumbered sellers: 106 funds opened new RGLD positions and 49 closed out — a net gain of 57 holders — while 254 added to existing stakes and 151 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $65.8M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $95.7M.

  • 612 institutional investors held Royal Gold (RGLD) as of Q2 2025, up from 559 in Q1 2025.
  • Funds reported $10.2B of Royal Gold stock for Q2 2025, up 8.4% quarter-over-quarter.
  • 106 funds opened new Royal Gold positions in Q2 2025 and 49 closed out, a net change of +57 holders.
  • The largest Royal Gold buyer in Q2 2025 was Fidelity Investments, an estimated $65.8M added.
  • The largest Royal Gold seller in Q2 2025 was T. Rowe Price Investment Management, an estimated $95.7M sold.

Based on aggregated 13F filings for Q2 2025.