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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
Lazard Asset Management
676
Lazard Asset Management
New York
– -$624K -3,512 Closed
Two Sigma Advisers
677
Two Sigma Advisers
New York
– -$569K -3,200 Closed
DWM
678
Dakota Wealth Management
Florida
– -$544K -3,061 Closed
SSA
679
Sierra Summit Advisors
Nevada
– -$450K -2,530 Closed
EDRH
680
Edmond de Rothschild Holding
Switzerland
– -$438K -2,465 Closed
BI
681
BFI Infinity
Switzerland
– -$394K -2,280 Closed
WorldQuant Millennium Advisors
682
WorldQuant Millennium Advisors
New York
– -$399K -2,246 Closed
PA
683
PharVision Advisers
Florida
– -$380K -2,135 Closed
FIM
684
Freedom Investment Management
Connecticut
– -$362K -2,035 Closed
AI
685
Atria Investments
North Carolina
– -$319K -1,792 Closed
TI
686
TrueMark Investments
Illinois
– -$303K -1,706 Closed
KRW
687
Kaufman Rossin Wealth
Florida
– -$302K -1,698 Closed
MOS
688
MGO One Seven
Ohio
– -$298K -1,676 Closed
WWC
689
Waypoint Wealth Counsel
Georgia
– -$283K -1,590 Closed
JFG
690
JMG Financial Group
Illinois
– -$281K -1,581 Closed
CIA
691
Capital Investment Advisors
Georgia
– -$278K -1,562 Closed
NAAA
692
New Age Alpha Advisors
New York
– -$277K -1,558 Closed
EW
693
Evoke Wealth
California
– -$274K -1,539 Closed
UFF
694
USA Financial Formulas
Michigan
– -$271K -1,524 Closed
DC
695
Diametric Capital
Massachusetts
– -$235K -1,324 Closed
TIA
696
Trust Investment Advisors
Indiana
– -$234K -1,315 Closed
GF
697
Gries Financial
Ohio
– -$231K -1,299 Closed
SB
698
SIG Brokerage
New York
– -$219K -1,234 Closed
WA
699
Waddell & Associates
Tennessee
– -$219K -1,230 Closed
BAM
700
Blueshift Asset Management
New Jersey
– -$216K -1,215 Closed
25 26 27
28
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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.