Royal Gold
RGLD
616 hedge funds and large institutions have $10.3B invested in Royal Gold in 2025 Q2 according to their latest regulatory filings, with 106 funds opening new positions, 256 increasing their positions, 150 reducing their positions, and 49 closing their positions.
116% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 49
71% more repeat investments, than reductions
Existing positions increased: 256 | Existing positions reduced: 150
9% more funds holding
Funds holding: 563 → 616 (+53)
4% more call options, than puts
Call options by funds: $121M | Put options by funds: $117M
0.31% less ownership
Funds ownership: 87.93% → 87.63% (-0.31%)
3% less capital inflows, than outflows
Capital inflows: $659M | Capital outflows: $677M
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$65.8M |
| 2 |
BNP Paribas Asset Management
Paris,
France
|
+$51.8M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$50.7M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$32.9M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$26.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$95.7M |
| 2 |
VanEck Associates
New York
|
-$73.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$49.8M |
| 4 |
State Street
Boston,
Massachusetts
|
-$44.9M |
| 5 |
Kopernik Global Investors
Tampa,
Florida
|
-$38.2M |
RGLD Hedge Fund Activity: Q2 2025 in Review
616 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Royal Gold (RGLD) for Q2 2025, worth a combined $10.3B — up 8.4% from $9.46B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new RGLD positions and 49 closed out — a net gain of 57 holders — while 256 added to existing stakes and 150 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.
- 616 institutional investors held Royal Gold (RGLD) as of Q2 2025, up from 563 in Q1 2025.
- Funds reported $10.3B 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.