Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
174 hedge funds and large institutions have $642M invested in Sandstorm Gold in 2022 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 48 increasing their positions, 54 reducing their positions, and 27 closing their positions.
50% more call options, than puts
Call options by funds: $15M | Put options by funds: $10M
33% more capital invested
Capital invested by funds: $481M → $642M (+$160M)
0.57% more ownership
Funds ownership: 40.54% → 41.12% (+0.57%)
7% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 27
2% less funds holding
Funds holding: 177 → 174 (-3)
11% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 54
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PF
Phoenix Financial
Givatayim,
Israel
|
+$26.7M |
| 2 |
VanEck Associates
New York
|
+$8.6M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$4.27M |
| 4 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$3.92M |
| 5 |
Two Sigma Investments
New York
|
+$3.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$12.7M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$7.27M |
| 3 |
Millennium Management
New York
|
-$5.98M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$2.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.28M |
SAND Hedge Fund Activity: Q1 2022 in Review
174 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q1 2022, worth a combined $642M — up 33% from $481M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of SAND and 25 opened new positions — a net loss of 2 holders — while 54 trimmed existing stakes and 48 added.
The largest buyer was Phoenix Financial, opening a new position worth an estimated $26.7M. The largest seller was Morgan Stanley, cutting an estimated $12.7M.
- 174 institutional investors held Sandstorm Gold (SAND) as of Q1 2022, down from 177 in Q4 2021.
- Funds reported $642M of Sandstorm Gold stock for Q1 2022, up 33% quarter-over-quarter.
- 25 funds opened new Sandstorm Gold positions in Q1 2022 and 27 closed out, a net change of -2 holders.
- The largest Sandstorm Gold buyer in Q1 2022 was Phoenix Financial, an estimated $26.7M added.
- The largest Sandstorm Gold seller in Q1 2022 was Morgan Stanley, an estimated $12.7M sold.
Based on aggregated 13F filings for Q1 2022.