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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
CCAL
701
City Center Advisors LLC
Michigan
– -$215K -1,211 Closed
DTL
702
Dynamic Technology Lab
Singapore
– -$214K -1,204 Closed
AB
703
ANB Bank
Colorado
– -$209K -1,174 Closed
KWM
704
Kiker Wealth Management
Georgia
– -$66.7K -375 Closed
GM
705
GeoWealth Management
Illinois
– -$49.1K -276 Closed
CFB
706
Cullen/Frost Bankers
Texas
– -$31.1K -175 Closed
MYIA
707
Mount Yale Investment Advisors
Colorado
– -$19.9K -112 Closed
TPWA
708
Twin Peaks Wealth Advisors
California
– -$19.3K -112 Closed
GC
709
Garde Capital
Washington
– -$17.8K -100 Closed
WA
710
Whipplewood Advisors
Colorado
– -$9.78K -55 Closed
OP
711
ORG Partners
Indiana
– -$8.88K -50 Closed
O
712
Ossiam
France
– -$2.67K -15 Closed
AG
713
AmeriFlex Group
Nevada
– -$1.82K -10 Closed
NC
714
NewSquare Capital
Pennsylvania
– -$711 -4 Closed
RAM
715
Riggs Asset Management
Pennsylvania
– -$534 -3 Closed
Kayne Anderson Rudnick Investment Management
716
Kayne Anderson Rudnick Investment Management
California
– -$356 -2 Closed
SC
717
Stephens Consulting
Michigan
– -$356 -2 Closed
CIAS
718
CBIZ Investment Advisory Services
Ohio
– -$178 -1 Closed
25 26 27 28
29

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.