Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$36.3M |
| 2 |
VanEck Associates
New York
|
+$13.6M |
| 3 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$7.71M |
| 4 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
+$5.89M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$15.1M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$9.06M |
| 3 |
Renaissance Technologies
New York
|
-$6.56M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$5.13M |
| 5 |
Two Sigma Investments
New York
|
-$4.51M |
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.