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SAND

Sandstorm Gold
SAND

Delisted

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

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270 hedge funds and large institutions have $2.34B invested in Sandstorm Gold in 2025 Q3 according to their latest regulatory filings, with 71 funds opening new positions, 71 increasing their positions, 72 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more call options, than puts

Call options by funds: $28M | Put options by funds: $15.5M

58% more first-time investments, than exits

New positions opened: 71 | Existing positions closed: 45

41% more capital invested

Capital invested by funds: $1.66B → $2.34B (+$681M)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

11% more funds holding

Funds holding: 244 → 270 (+26)

3.79% more ownership

Funds ownership: 59.67% → 63.46% (+3.8%)

1% less repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 72

Holders
270
Holders Change
+26
Holders Change %
+10.66%
% of All Funds
3.54%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
71
Increased
71
Reduced
72
Closed
45
Calls
$28M
Puts
$15.5M
Net Calls
+$12.5M
Net Calls Change
-$836K

Top Buyers

Rank Fund Capital Flow
1
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$79.8M
2
Goldman Sachs
Goldman Sachs
New York
+$66.2M
3
AA
AQR Arbitrage
Connecticut
+$64.4M
4
OAC
OMERS Administration Corp
Ontario, Canada
+$62.8M
5
VanEck Associates
VanEck Associates
New York
+$55.3M

Top Sellers

Rank Fund Capital Flow
1
ORP
Orion Resource Partners
New York
-$196M
2
Boston Partners
Boston Partners
Massachusetts
-$61.5M
3
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
-$42.9M
4
Two Sigma Advisers
Two Sigma Advisers
New York
-$33.3M
5
SI
Sprott Inc
Ontario, Canada
-$32.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
CG
76
Carmignac Gestion
France
$3.39M +$2.88M +270,957 New
QC
77
Quantessence Capital
New York
$3.34M +$2.84M +267,088 New
GI
78
GAMCO Investors
Connecticut
$3.3M +$2.81M +263,900 New
PAG
79
Private Advisor Group
New Jersey
$3.17M +$32 +3 +0%
YIH
80
Y-Intercept (HK)
Hong Kong
$3.16M +$2.54M +238,649 +1,695%
Canada Pension Plan Investment Board
81
Canada Pension Plan Investment Board
Ontario, Canada
$3.06M +$2.6M +244,300 New
BA
82
Bridgewater Associates
Connecticut
$3.02M +$2.57M +241,451 New
Raymond James Financial
83
Raymond James Financial
Florida
$3M -$282K -26,548 -10%
Manulife (Manufacturers Life Insurance)
84
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.96M +$434K +40,791 +21%
CIBC Asset Management
85
CIBC Asset Management
Ontario, Canada
$2.93M -$9.93K -934 -0.4%
PGCM
86
Prescott Group Capital Management
Oklahoma
$2.88M – – –
CM
87
Cercano Management
Washington
$2.83M -$427K -40,197 -15%
WIC
88
Water Island Capital
New York
$2.68M +$2.28M +214,205 New
QT
89
Quantbot Technologies
New York
$2.6M -$328K -30,817 -13%
VA
90
Vident Advisory
Georgia
$2.53M +$888K +83,525 +70%
Barclays
91
Barclays
United Kingdom
$2.53M -$528K -49,676 -20%
YCM
92
Yakira Capital Management
Connecticut
$2.52M +$2.14M +201,668 New
Charles Schwab
93
Charles Schwab
California
$2.52M +$2.14M +201,290 New
CA
94
Crewe Advisors
Utah
$2.5M – – –
N
95
Nuveen
North Carolina
$2.48M – – –
FDCDDQ
96
Federation des caisses Desjardins du Quebec
Quebec, Canada
$2.35M -$1.05M -98,313 -34%
Canada Life
97
Canada Life
Manitoba, Canada
$2.27M +$84.4K +7,942 +4%
American Century Companies
98
American Century Companies
Missouri
$2.24M +$71.1K +6,690 +4%
MCC
99
Money Concepts Capital
Florida
$2.23M -$7.64K -719 -0.4%
Geode Capital Management
100
Geode Capital Management
Massachusetts
$2.18M +$230K +21,662 +14%
2 3
4
5 6

SAND Hedge Fund Activity: Q3 2025 in Review

270 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q3 2025, worth a combined $2.34B — up 41% from $1.66B a quarter earlier.

Buyers outnumbered sellers: 71 funds opened new SAND positions and 45 closed out — a net gain of 26 holders — while 71 added to existing stakes and 72 trimmed.

The largest buyer was Balyasny Asset Management, adding an estimated $79.8M. The largest seller was Orion Resource Partners, exiting entirely with an estimated $196M sold.

  • 270 institutional investors held Sandstorm Gold (SAND) as of Q3 2025, up from 244 in Q2 2025.
  • Funds reported $2.34B of Sandstorm Gold stock for Q3 2025, up 41% quarter-over-quarter.
  • 71 funds opened new Sandstorm Gold positions in Q3 2025 and 45 closed out, a net change of +26 holders.
  • The largest Sandstorm Gold buyer in Q3 2025 was Balyasny Asset Management, an estimated $79.8M added.
  • The largest Sandstorm Gold seller in Q3 2025 was Orion Resource Partners, an estimated $196M sold.

Based on aggregated 13F filings for Q3 2025.