Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
159 hedge funds and large institutions have $387M invested in Sandstorm Gold in 2020 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 47 increasing their positions, 43 reducing their positions, and 34 closing their positions.
223% more call options, than puts
Call options by funds: $10.4M | Put options by funds: $3.21M
9% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 43
9% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 34
1% more funds holding
Funds holding: 158 → 159 (+1)
0.6% less ownership
Funds ownership: 45.04% → 44.44% (-0.6%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
32% less capital invested
Capital invested by funds: $568M → $387M (-$181M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$17.7M |
| 2 |
EPIM
Equinox Partners Investment Management
Stamford,
Connecticut
|
+$15.6M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$10.8M |
| 4 |
Renaissance Technologies
New York
|
+$7.16M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$6.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$29.1M |
| 2 |
VanEck Associates
New York
|
-$8.97M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$8.59M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$7.44M |
| 5 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$5.24M |
SAND Hedge Fund Activity: Q1 2020 in Review
159 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q1 2020, worth a combined $387M — down 32% from $568M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new SAND positions and 34 closed out — a net gain of 3 holders — while 47 added to existing stakes and 43 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $17.7M. The largest seller was Morgan Stanley, cutting an estimated $29.1M.
- 159 institutional investors held Sandstorm Gold (SAND) as of Q1 2020, up from 158 in Q4 2019.
- Funds reported $387M of Sandstorm Gold stock for Q1 2020, down 32% quarter-over-quarter.
- 37 funds opened new Sandstorm Gold positions in Q1 2020 and 34 closed out, a net change of +3 holders.
- The largest Sandstorm Gold buyer in Q1 2020 was Goldman Sachs, an estimated $17.7M added.
- The largest Sandstorm Gold seller in Q1 2020 was Morgan Stanley, an estimated $29.1M sold.
Based on aggregated 13F filings for Q1 2020.