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Royal Gold

612 hedge funds and large institutions have $10.2B invested in Royal Gold in 2025 Q2 according to their latest regulatory filings, with 106 funds opening new positions, 254 increasing their positions, 151 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

116% more first-time investments, than exits

New positions opened: 106 | Existing positions closed: 49

68% more repeat investments, than reductions

Existing positions increased: 254 | Existing positions reduced: 151

9% more funds holding

Funds holding: 559612 (+53)

8% more capital invested

Capital invested by funds: $9.45B → $10.2B (+$791M)

4% more call options, than puts

Call options by funds: $121M | Put options by funds: $117M

0.33% less ownership

Funds ownership: 87.84%87.52% (-0.33%)

33% less funds holding in top 10

Funds holding in top 10: 96 (-3)

Holders
612
Holders Change
+53
Holders Change %
+9.48%
% of All Funds
8.06%
Holding in Top 10
6
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-33.33%
% of All Funds
0.08%
New
106
Increased
254
Reduced
151
Closed
49
Calls
$121M
Puts
$117M
Net Calls
+$4.19M
Net Calls Change
-$21.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Swiss National Bank
51
Swiss National Bank
Switzerland
$22.4M -$301K -1,700 -1%
EPAM
52
Euro Pacific Asset Management
Puerto Rico
$20.6M +$242K +1,366 +1%
DCM
53
Driehaus Capital Management
Illinois
$20.4M -$978K -5,523 -5%
BWP
54
Barlow Wealth Partners
Kentucky
$20.3M +$202K +1,139 +1%
T. Rowe Price Investment Management
55
T. Rowe Price Investment Management
Maryland
$20.2M -$95.7M -540,879 -83%
IC
56
IEQ Capital
California
$19.8M +$3.75M +21,206 +24%
Neuberger Berman Group
57
Neuberger Berman Group
New York
$19.5M +$17.9M +100,887 +1,124%
Caisse de Depot et Placement du Quebec (CDPQ)
58
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$18.9M +$9.97M +56,312 +112%
Bank of Montreal
59
Bank of Montreal
Ontario, Canada
$18.9M +$2.05M +11,591 +12%
Raymond James Financial
60
Raymond James Financial
Florida
$18.6M -$641K -3,622 -3%
SEI Investments
61
SEI Investments
Pennsylvania
$18.2M +$2.94M +16,611 +19%
Baird Financial Group
62
Baird Financial Group
Wisconsin
$18.2M +$203K +1,145 +1%
TI
63
Tidal Investments
Wisconsin
$17.5M -$1.81M -10,206 -9%
AA
64
ALPS Advisors
Colorado
$17.4M +$424K +2,394 +3%
Marshall Wace
65
Marshall Wace
United Kingdom
$17.3M +$16.3M +92,120 +1,805%
Ameriprise
66
Ameriprise
Minnesota
$16.5M +$388K +2,193 +2%
GAM
67
Gotham Asset Management
New York
$15.9M +$7.49M +42,317 +90%
Jane Street
68
Jane Street
New York
$15.9M +$14.6M +82,243 +1,188%
DCP
69
Distillate Capital Partners
Illinois
$15.6M -$249K -1,405 -2%
MC
70
Muhlenkamp & Co
Pennsylvania
$15.6M +$11.7K +66 +0.1%
MAM
71
Martingale Asset Management
Massachusetts
$15.5M -$411K -2,323 -3%
OA
72
Oxbow Advisors
Texas
$15.3M -$5.45M -30,790 -26%
AllianceBernstein
73
AllianceBernstein
Tennessee
$14.9M -$154K -869 -1%
KGI
74
Kopernik Global Investors
Florida
$14.4M -$38.2M -215,707 -73%
VOYA Investment Management
75
VOYA Investment Management
Georgia
$14.4M +$2.21M +12,499 +18%

RGLD Hedge Fund Activity: Q2 2025 in Review

612 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Royal Gold (RGLD) for Q2 2025, worth a combined $10.2B — up 8.4% from $9.45B a quarter earlier.

Buyers outnumbered sellers: 106 funds opened new RGLD positions and 49 closed out — a net gain of 57 holders — while 254 added to existing stakes and 151 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $65.8M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $95.7M.

  • 612 institutional investors held Royal Gold (RGLD) as of Q2 2025, up from 559 in Q1 2025.
  • Funds reported $10.2B of Royal Gold stock for Q2 2025, up 8.4% quarter-over-quarter.
  • 106 funds opened new Royal Gold positions in Q2 2025 and 49 closed out, a net change of +57 holders.
  • The largest Royal Gold buyer in Q2 2025 was Fidelity Investments, an estimated $65.8M added.
  • The largest Royal Gold seller in Q2 2025 was T. Rowe Price Investment Management, an estimated $95.7M sold.

Based on aggregated 13F filings for Q2 2025.