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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
GRP
526
Global Retirement Partners
California
$117K -$4.84K -28 -5%
RFP
527
Root Financial Partners
California
$116K +$100K +579 New
WPA
528
Wealth Preservation Advisors
Tennessee
$113K – – –
RF
529
Rossby Financial
Florida
$112K +$96.5K +558 New
QC
530
Quent Capital
New York
$105K +$90.8K +525 New
BTI
531
Blue Trust Inc
Georgia
$105K +$56.9K +329 +168%
AAS
532
Ameritas Advisory Services
Nebraska
$103K -$327K -1,891 -79%
HPC
533
HM Payson & Co
Maine
$102K – – –
MHR
534
Matthew Hamilton Rosenberg
$97.5K – – –
PFBT
535
Parkside Financial Bank & Trust
Missouri
$91.3K +$67.1K +388 +579%
PS
536
Principal Securities
Iowa
$83K -$6.4K -37 -8%
RS
537
Rakuten Securities
Japan
$82K +$58.6K +339 +484%
AF
538
Advisornet Financial
Minnesota
$81.6K +$2.59K +15 +4%
TWD
539
True Wealth Design
Ohio
$80K -$16.4K -95 -19%
CFD
540
Creative Financial Designs
Indiana
$78.9K -$173 -1 -0.3%
MG
541
Mather Group
Illinois
$78.2K +$67.5K +390 New
EPIME
542
Evelyn Partners Investment Management (Europe)
$70.2K – – –
EIM
543
Essex Investment Management
Massachusetts
$67.8K – – –
LWCFA
544
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$64.2K – – –
CA
545
CoreCap Advisors
Michigan
$63.8K +$4.67K +27 +9%
SAM
546
Smartleaf Asset Management
Massachusetts
$63.7K +$39.6K +229 +249%
SWM
547
Spire Wealth Management
Virginia
$63.6K +$54.8K +317 New
HIA
548
Harbor Investment Advisory
Maryland
$60.2K – – –
PEAK6
549
PEAK6
Illinois
$57.5K +$49.6K +287 New
CLOS
550
Compagnie Lombard Odier SCmA
Switzerland
$50.1K +$43.2K +250 New
20 21
22
23 24

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.