Royal Gold
RGLD
656 hedge funds and large institutions have $12.4B invested in Royal Gold in 2025 Q3 according to their latest regulatory filings, with 111 funds opening new positions, 226 increasing their positions, 212 reducing their positions, and 67 closing their positions.
88% more capital inflows, than outflows
Capital inflows: $1.55B | Capital outflows: $823M
66% more first-time investments, than exits
New positions opened: 111 | Existing positions closed: 67
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
19% more call options, than puts
Call options by funds: $204M | Put options by funds: $171M
6% more funds holding
Funds holding: 616 → 656 (+40)
6.34% more ownership
Funds ownership: 87.63% → 93.97% (+6.3%)
7% more repeat investments, than reductions
Existing positions increased: 226 | Existing positions reduced: 212
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$441M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$86.7M |
| 3 |
Millennium Management
New York
|
+$84.2M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$63.4M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$49.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
-$190M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$153M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$33.5M |
| 4 |
Driehaus Capital Management
Chicago,
Illinois
|
-$20.4M |
| 5 |
UBS AM
Chicago,
Illinois
|
-$20.2M |
RGLD Hedge Fund Activity: Q3 2025 in Review
656 of the 7,650 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 $10.3B a quarter earlier.
Buyers outnumbered sellers: 111 funds opened new RGLD positions and 67 closed out — a net gain of 44 holders — while 226 added to existing stakes and 212 trimmed.
The largest buyer was VanEck Associates, adding an estimated $441M. The largest seller was First Eagle Investment Management, cutting an estimated $190M.
- 656 institutional investors held Royal Gold (RGLD) as of Q3 2025, up from 616 in Q2 2025.
- Funds reported $12.4B of Royal Gold stock for Q3 2025, up 21% quarter-over-quarter.
- 111 funds opened new Royal Gold positions in Q3 2025 and 67 closed out, a net change of +44 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.