We are live on ! Find out more
RGLD icon

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
Janus Henderson Group
126
Janus Henderson Group
United Kingdom
$5.78M +$121K +700 +2%
DB
127
Danske Bank
Denmark
$5.78M +$1.37M +7,898 +38%
DK
128
DJE Kapital
Germany
$5.77M – – –
VA
129
Vident Advisory
Georgia
$5.74M +$3.9M +22,539 +371%
SI
130
Stephens Inc
Arkansas
$5.68M -$308K -1,783 -6%
OIC
131
Orion Investment Company
Missouri
$5.56M +$107K +621 +2%
Lido Advisors
132
Lido Advisors
California
$5.55M +$37.5K +217 +0.8%
NA
133
NewEdge Advisors
Louisiana
$5.49M +$484K +2,798 +11%
VAM
134
Verity Asset Management
North Carolina
$5.44M +$2.2M +12,737 +89%
ACM
135
Aquatic Capital Management
Illinois
$5.39M +$2.97M +17,147 +177%
BAM
136
Ballast Asset Management
Texas
$5.34M +$51K +295 +1%
MYAM
137
Meiji Yasuda Asset Management
Japan
$5.07M +$538K +3,112 +14%
QC
138
Quantessence Capital
New York
$5.06M +$4.36M +25,211 New
Thrivent Financial for Lutherans
139
Thrivent Financial for Lutherans
Minnesota
$5.02M -$3.22M -18,601 -43%
TCA
140
Troluce Capital Advisors
Puerto Rico
$5.01M +$4.32M +25,000 New
Carson Wealth (CWM LLC)
141
Carson Wealth (CWM LLC)
Nebraska
$4.99M -$2.73M -15,780 -39%
MAM
142
Meeder Asset Management
Ohio
$4.99M +$4.3M +24,875 New
Nisa Investment Advisors
143
Nisa Investment Advisors
Missouri
$4.94M -$219K -1,269 -5%
William Blair & Company
144
William Blair & Company
Illinois
$4.92M +$15.2K +88 +0.4%
BNP Paribas Financial Markets
145
BNP Paribas Financial Markets
France
$4.9M +$2.29M +13,233 +118%
State of New Jersey Common Pension Fund D
146
State of New Jersey Common Pension Fund D
New Jersey
$4.83M +$780K +4,509 +23%
Envestnet Asset Management
147
Envestnet Asset Management
Illinois
$4.79M +$189K +1,091 +5%
Ensign Peak Advisors
148
Ensign Peak Advisors
Utah
$4.78M -$1.81M -10,490 -31%
EI
149
Ethic Inc
New York
$4.58M +$363K +2,100 +10%
CFM
150
Crawford Fund Management
Massachusetts
$4.54M -$1.99M -11,500 -34%
4 5
6
7 8

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.