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SAND

Sandstorm Gold
SAND

Delisted

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

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195 hedge funds and large institutions have $937M invested in Sandstorm Gold in 2023 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 54 increasing their positions, 56 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 26

13% more capital invested

Capital invested by funds: $829M → $937M (+$109M)

1% more funds holding

Funds holding: 194 → 195 (+1)

0.22% more ownership

Funds ownership: 53.01% → 53.23% (+0.22%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less call options, than puts

Call options by funds: $3.4M | Put options by funds: $3.47M

4% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 56

Holders
195
Holders Change
+1
Holders Change %
+0.52%
% of All Funds
3.11%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
32
Increased
54
Reduced
56
Closed
26
Calls
$3.4M
Puts
$3.47M
Net Calls
-$61K
Net Calls Change
-$6.62M

Top Buyers

Rank Fund Capital Flow
1
Capital International Investors
Capital International Investors
California
+$36.3M
2
VanEck Associates
VanEck Associates
New York
+$13.6M
3
EIG
EdgePoint Investment Group
Ontario, Canada
+$7.71M
4
KGI
Kopernik Global Investors
Florida
+$5.89M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$2.29M

Top Sellers

Rank Fund Capital Flow
1
Canada Life
Canada Life
Manitoba, Canada
-$15.1M
2
Citadel Advisors
Citadel Advisors
Florida
-$9.06M
3
Renaissance Technologies
Renaissance Technologies
New York
-$6.56M
4
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$5.13M
5
Two Sigma Investments
Two Sigma Investments
New York
-$4.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
National Bank of Canada
26
National Bank of Canada
Quebec, Canada
$4.12M +$562K +102,760 +17%
USGIU
27
U.S. Global Investors (USGI)
Texas
$3.76M +$72.6K +13,277 +2%
TD Asset Management
28
TD Asset Management
Ontario, Canada
$3.64M +$116K +21,125 +3%
Stifel Financial
29
Stifel Financial
Missouri
$3.51M +$695K +126,975 +27%
Two Sigma Investments
30
Two Sigma Investments
New York
$3.33M -$4.51M -825,034 -59%
BA
31
Bard Associates
Illinois
$3.2M +$40.1K +7,338 +1%
Millennium Management
32
Millennium Management
New York
$2.89M -$679K -124,205 -20%
Public Sector Pension Investment Board (PSP Investments)
33
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.88M +$186K +33,958 +7%
QP
34
Quilter Plc
United Kingdom
$2.87M +$21.3K +3,900 New
Morgan Stanley
35
Morgan Stanley
New York
$2.83M -$1.73M -316,649 -39%
Swiss National Bank
36
Swiss National Bank
Switzerland
$2.83M -$124K -22,600 -4%
Two Sigma Advisers
37
Two Sigma Advisers
New York
$2.82M -$3.76M -686,700 -59%
Fidelity Investments
38
Fidelity Investments
Massachusetts
$2.49M -$206K -37,679 -8%
Connor, Clark & Lunn Investment Management (CC&L)
39
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.46M -$5.13M -938,300 -69%
PGCM
40
Prescott Group Capital Management
Oklahoma
$2.21M -$1.98M -362,426 -49%
ZA
41
Zazove Associates
Nevada
$2.15M +$506K +92,436 +33%
Russell Investments Group
42
Russell Investments Group
United Kingdom
$2.03M +$112K +20,505 +6%
PAG
43
Private Advisor Group
New Jersey
$2M -$22.8K -4,166 -1%
CS
44
Credit Suisse
Switzerland
$1.89M +$95.1K +17,389 +6%
GC
45
Guggenheim Capital
Illinois
$1.83M +$411K +75,078 +31%
PIC
46
PCJ Investment Counsel
Ontario, Canada
$1.63M -$232K -42,470 -13%
MRI
47
Mad River Investors
Massachusetts
$1.6M +$560K +102,415 +59%
Franklin Resources
48
Franklin Resources
California
$1.54M -$174K -31,813 -11%
RJA
49
Raymond James & Associates
Florida
$1.45M -$68K -12,425 -5%
Jane Street
50
Jane Street
New York
$1.43M -$1.2M -218,867 -47%
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SAND Hedge Fund Activity: Q1 2023 in Review

195 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q1 2023, worth a combined $937M — up 13% from $829M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new SAND positions and 26 closed out — a net gain of 6 holders — while 54 added to existing stakes and 56 trimmed.

The largest buyer was Capital International Investors, adding an estimated $36.3M. The largest seller was Canada Life, cutting an estimated $15.1M.

  • 195 institutional investors held Sandstorm Gold (SAND) as of Q1 2023, up from 194 in Q4 2022.
  • Funds reported $937M of Sandstorm Gold stock for Q1 2023, up 13% quarter-over-quarter.
  • 32 funds opened new Sandstorm Gold positions in Q1 2023 and 26 closed out, a net change of +6 holders.
  • The largest Sandstorm Gold buyer in Q1 2023 was Capital International Investors, an estimated $36.3M added.
  • The largest Sandstorm Gold seller in Q1 2023 was Canada Life, an estimated $15.1M sold.

Based on aggregated 13F filings for Q1 2023.