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SAND

Sandstorm Gold
SAND

Delisted

SAND was delisted on the 17th of October, 2025.

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194 hedge funds and large institutions have $829M invested in Sandstorm Gold in 2022 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 59 increasing their positions, 55 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more call options, than puts

Call options by funds: $11.2M | Put options by funds: $4.63M

35% more capital invested

Capital invested by funds: $614M → $829M (+$215M)

10.88% more ownership

Funds ownership: 42.13% → 53.01% (+11%)

7% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 55

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less funds holding

Funds holding: 200 → 194 (-6)

11% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 35

Holders
194
Holders Change
-6
Holders Change %
-3%
% of All Funds
3.12%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
31
Increased
59
Reduced
55
Closed
35
Calls
$11.2M
Puts
$4.63M
Net Calls
+$6.56M
Net Calls Change
+$3.97M

Top Buyers

Rank Fund Capital Flow
1
EIG
EdgePoint Investment Group
Ontario, Canada
+$5.95M
2
Citadel Advisors
Citadel Advisors
Florida
+$4.68M
3
Amundi
Amundi
France
+$3.95M
4
FDCDDQ
Federation des caisses Desjardins du Quebec
Quebec, Canada
+$3.89M
5
BCIM
British Columbia Investment Management
British Columbia, Canada
+$3.87M

Top Sellers

Rank Fund Capital Flow
1
SC
Scotia Capital
Ontario, Canada
-$24.1M
2
Marshall Wace
Marshall Wace
United Kingdom
-$13.7M
3
SI
Sprott Inc
Ontario, Canada
-$10.5M
4
IIM
Intact Investment Management
Quebec, Canada
-$5.79M
5
MI
MMCAP International
Cayman Islands
-$4.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$4.23M +$53.7K +10,509 +1%
PGCM
27
Prescott Group Capital Management
Oklahoma
$3.9M +$255K +50,000 +7%
USGIU
28
U.S. Global Investors (USGI)
Texas
$3.34M -$262K -51,233 -7%
Millennium Management
29
Millennium Management
New York
$3.27M +$1.34M +261,467 +73%
National Bank of Canada
30
National Bank of Canada
Quebec, Canada
$3.19M +$2.95M +577,604 +1,962%
TD Asset Management
31
TD Asset Management
Ontario, Canada
$3.18M +$189K +37,048 +7%
BA
32
Bard Associates
Illinois
$2.86M -$84.8K -16,604 -3%
CSS
33
Cubist Systematic Strategies
Connecticut
$2.73M -$506K -98,957 -16%
Swiss National Bank
34
Swiss National Bank
Switzerland
$2.68M +$38.3K +7,500 +1%
Stifel Financial
35
Stifel Financial
Missouri
$2.51M +$311K +60,945 +15%
Jane Street
36
Jane Street
New York
$2.45M +$226K +44,188 +10%
Fidelity Investments
37
Fidelity Investments
Massachusetts
$2.45M +$53.9K +10,557 +2%
Public Sector Pension Investment Board (PSP Investments)
38
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.43M -$559K -109,512 -19%
Russell Investments Group
39
Russell Investments Group
United Kingdom
$1.73M +$644K +125,987 +62%
SC
40
Scotia Capital
Ontario, Canada
$1.73M -$24.1M -4,721,001 -93%
PIC
41
PCJ Investment Counsel
Ontario, Canada
$1.7M -$2.81M -550,000 -63%
CS
42
Credit Suisse
Switzerland
$1.62M -$151K -29,550 -9%
Franklin Resources
43
Franklin Resources
California
$1.56M +$257K +50,400 +21%
ZA
44
Zazove Associates
Nevada
$1.46M +$1.42M +277,564 New
RJA
45
Raymond James & Associates
Florida
$1.38M +$177K +34,639 +15%
KGI
46
Kopernik Global Investors
Florida
$1.31M +$1.27M +249,543 New
GC
47
Guggenheim Capital
Illinois
$1.26M +$261K +51,086 +27%
Assenagon Asset Management
48
Assenagon Asset Management
Luxembourg
$1.17M +$1.13M +221,395 New
CIS
49
Capital International Sarl
California
$1.15M -$144K -28,238 -11%
AIMCA
50
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.14M +$6.64K +1,300 +0.6%
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SAND Hedge Fund Activity: Q4 2022 in Review

194 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q4 2022, worth a combined $829M — up 35% from $614M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of SAND and 31 opened new positions — a net loss of 4 holders — while 55 trimmed existing stakes and 59 added.

The largest buyer was EdgePoint Investment Group, opening a new position worth an estimated $5.95M. The largest seller was Scotia Capital, cutting an estimated $24.1M.

  • 194 institutional investors held Sandstorm Gold (SAND) as of Q4 2022, down from 200 in Q3 2022.
  • Funds reported $829M of Sandstorm Gold stock for Q4 2022, up 35% quarter-over-quarter.
  • 31 funds opened new Sandstorm Gold positions in Q4 2022 and 35 closed out, a net change of -4 holders.
  • The largest Sandstorm Gold buyer in Q4 2022 was EdgePoint Investment Group, an estimated $5.95M added.
  • The largest Sandstorm Gold seller in Q4 2022 was Scotia Capital, an estimated $24.1M sold.

Based on aggregated 13F filings for Q4 2022.