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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
BNP Paribas Asset Management
26
BNP Paribas Asset Management
France
$66.9M +$2.48M +14,329 +4%
Victory Capital Management
27
Victory Capital Management
Texas
$59.8M -$9.38M -54,205 -15%
First Trust Advisors
28
First Trust Advisors
Illinois
$59.6M -$524K -3,028 -1%
Bank of America
29
Bank of America
North Carolina
$57M -$14.8M -85,414 -23%
Los Angeles Capital Management
30
Los Angeles Capital Management
California
$55.4M +$45.2M +261,367 +1,778%
Deutsche Bank
31
Deutsche Bank
Germany
$54.4M +$15.5M +89,808 +50%
Renaissance Technologies
32
Renaissance Technologies
New York
$51.8M -$8.63M -49,891 -16%
JP Morgan Chase
33
JP Morgan Chase
New York
$47.8M +$6.76M +39,073 +20%
ProShare Advisors
34
ProShare Advisors
Maryland
$45.2M +$7.16M +41,382 +22%
UBS AM
35
UBS AM
Illinois
$44.3M -$20.2M -117,054 -35%
California Public Employees Retirement System
36
California Public Employees Retirement System
California
$42.1M -$8.46M -48,922 -19%
GF
37
Gabelli Funds
New York
$41.7M -$2.23M -12,885 -6%
Verition Fund Management
38
Verition Fund Management
Connecticut
$41.3M -$281K -1,626 -0.8%
Amundi
39
Amundi
France
$39M +$2.39M +13,801 +8%
Pacer Advisors
40
Pacer Advisors
Pennsylvania
$37.6M -$3.42M -19,765 -10%
RhumbLine Advisers
41
RhumbLine Advisers
Massachusetts
$36.2M -$1.24M -7,172 -4%
American Century Companies
42
American Century Companies
Missouri
$35.6M -$10.9M -62,940 -26%
Barclays
43
Barclays
United Kingdom
$35.2M +$17.7M +102,558 +141%
Allianz Asset Management
44
Allianz Asset Management
Germany
$34.3M +$2.73M +15,779 +10%
N
45
Nuveen
North Carolina
$33.3M -$15.5M -89,645 -35%
Marshall Wace
46
Marshall Wace
United Kingdom
$33M +$11.6M +67,129 +69%
TI
47
Tidal Investments
Wisconsin
$32.9M +$11.3M +65,459 +66%
EPAM
48
Euro Pacific Asset Management
Puerto Rico
$32M +$7.72M +44,616 +38%
AFIA
49
America First Investment Advisors
Nebraska
$30.8M -$341K -1,972 -1%
CCM
50
Copeland Capital Management
Pennsylvania
$29.5M -$290K -1,679 -1%
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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.