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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
S
601
Sachetta
Massachusetts
$8.22K +$1.9K +11 +37%
KFI
602
Key Financial Inc
Pennsylvania
$7.8K – – –
Mitsubishi UFJ Asset Management
603
Mitsubishi UFJ Asset Management
Japan
$7.62K – – –
AGWCA
604
Annis Gardner Whiting Capital Advisors
Florida
$6.82K -$4.84K -28 -45%
MAFA
605
MJT & Associates Financial Advisory
Minnesota
$6.82K +$5.88K +34 New
BWL
606
Bogart Wealth LLC
Virginia
$6.22K +$519 +3 +11%
BI
607
Binnacle Investments
Iowa
$5.82K – – –
CSC
608
Caldwell Sutter Capital
California
$5.72K – – –
TPCW
609
TD Private Client Wealth
New York
$5.62K – – –
JFG
610
JDM Financial Group
Texas
$5.42K – – –
AW
611
Avion Wealth
Texas
$5K – – –
CT
612
Clearstead Trust
Maine
$4.81K +$3.98K +23 +2,300%
BC
613
Bayforest Capital
United Kingdom
$4.81K +$4.15K +24 New
RTL
614
Red Tortoise LLC
Georgia
$4.41K – – –
BTC
615
Bank & Trust Company
Illinois
$4.01K +$3.46K +20 New
HWA
616
Heartwood Wealth Advisors
Virginia
$4.01K +$3.46K +20 New
SC
617
Swan Capital
Florida
$3.83K +$1.56K +9 +90%
HWM
618
HighMark Wealth Management
Minnesota
$3.41K +$865 +5 +42%
BGAI
619
Bruce G. Allen Investments
Colorado
$3.41K – – –
BFS
620
Bare Financial Services
Pennsylvania
$2.61K -$865 -5 -28%
ADL
621
Asset Dedication LLC
California
$2.41K – – –
STB
622
S&T Bank
Pennsylvania
$2.41K – – –
MAM
623
Marquette Asset Management
Minnesota
$2.41K +$2.08K +12 New
RWS
624
Retirement Wealth Solutions
Wisconsin
$2.21K +$1.9K +11 New
DPW
625
DiNuzzo Private Wealth
Pennsylvania
$2.15K -$346 -2 -14%
23 24
25
26 27

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.