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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
OSAM
176
O'Shaughnessy Asset Management
Connecticut
$3.07M +$383K +2,165 +14%
KK
177
KLP Kapitalforvaltning
Norway
$3.06M +$17.7K +100 +0.6%
KAS
178
Kestra Advisory Services
Texas
$3.01M -$82.8K -468 -3%
CIS
179
Capital International Sarl
California
$3.01M +$1.22M +6,874 +68%
COPPSERS
180
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$3.01M +$211K +1,191 +8%
GLA
181
Good Life Advisors
Pennsylvania
$2.98M +$2.97M +16,782 New
BA
182
Bard Associates
Illinois
$2.92M -$308K -1,739 -10%
Millennium Management
183
Millennium Management
New York
$2.9M +$2.89M +16,307 New
CII
184
Capital International Inc
California
$2.87M +$1.74M +9,849 +157%
Handelsbanken Fonder
185
Handelsbanken Fonder
Sweden
$2.86M -$478K -2,700 -14%
SOMRS
186
State of Michigan Retirement System
Michigan
$2.82M +$17.7K +100 +0.6%
NFG
187
Nations Financial Group
Iowa
$2.79M +$29K +164 +1%
CF
188
Canoe Financial
Alberta, Canada
$2.79M -$145K -818 -5%
PCA
189
Pallas Capital Advisors
Massachusetts
$2.78M +$167K +943 +6%
Los Angeles Capital Management
190
Los Angeles Capital Management
California
$2.61M +$2.17M +12,254 +501%
NMIMC
191
Northwestern Mutual Investment Management Company
Wisconsin
$2.61M +$13.1K +74 +0.5%
VAM
192
Verity Asset Management
North Carolina
$2.56M +$40.2K +227 +2%
PI
193
PineBridge Investments
New York
$2.54M +$1.44M +8,140 +133%
IMC Chicago
194
IMC Chicago
Illinois
$2.48M +$2.47M +13,968 New
VRS
195
Virginia Retirement Systems
Virginia
$2.45M +$867K +4,900 +55%
OPERF
196
Oregon Public Employees Retirement Fund
Oregon
$2.4M +$4.25K +24 +0.2%
NMERB
197
New Mexico Educational Retirement Board
New Mexico
$2.38M
State of Wisconsin Investment Board
198
State of Wisconsin Investment Board
Wisconsin
$2.38M -$225K -1,271 -9%
Pathstone Holdings
199
Pathstone Holdings
New Jersey
$2.36M -$555K -3,134 -19%
VF
200
Vest Financial
Virginia
$2.35M +$1.34M +7,542 +133%

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.