Royal Gold
RGLD
560 hedge funds and large institutions have $9.45B invested in Royal Gold in 2025 Q1 according to their latest regulatory filings, with 109 funds opening new positions, 219 increasing their positions, 147 reducing their positions, and 64 closing their positions.
80% more funds holding in top 10
Funds holding in top 10: 5 → 9 (+4)
70% more first-time investments, than exits
New positions opened: 109 | Existing positions closed: 64
49% more repeat investments, than reductions
Existing positions increased: 219 | Existing positions reduced: 147
26% more capital invested
Capital invested by funds: $7.47B → $9.45B (+$1.97B)
24% more call options, than puts
Call options by funds: $132M | Put options by funds: $107M
8% more funds holding
Funds holding: 518 → 560 (+42)
1.66% more ownership
Funds ownership: 86.18% → 87.84% (+1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$101M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$54.6M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
+$51.7M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$35.9M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$32.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$76.9M |
| 2 |
Select Equity Group
New York
|
-$55.8M |
| 3 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$38.7M |
| 4 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
-$32.5M |
| 5 |
Millennium Management
New York
|
-$21.8M |
RGLD Hedge Fund Activity: Q1 2025 in Review
560 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Royal Gold (RGLD) for Q1 2025, worth a combined $9.45B — up 26% from $7.47B a quarter earlier.
Buyers outnumbered sellers: 109 funds opened new RGLD positions and 64 closed out — a net gain of 45 holders — while 219 added to existing stakes and 147 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $101M. The largest seller was VanEck Associates, cutting an estimated $76.9M.
- 560 institutional investors held Royal Gold (RGLD) as of Q1 2025, up from 518 in Q4 2024.
- Funds reported $9.45B of Royal Gold stock for Q1 2025, up 26% quarter-over-quarter.
- 109 funds opened new Royal Gold positions in Q1 2025 and 64 closed out, a net change of +45 holders.
- The largest Royal Gold buyer in Q1 2025 was AQR Capital Management, an estimated $101M added.
- The largest Royal Gold seller in Q1 2025 was VanEck Associates, an estimated $76.9M sold.
Based on aggregated 13F filings for Q1 2025.