Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$79.8M |
| 2 |
Goldman Sachs
New York
|
+$66.2M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$64.4M |
| 4 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$62.8M |
| 5 |
VanEck Associates
New York
|
+$55.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ORP
Orion Resource Partners
New York
|
-$196M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$61.5M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$42.9M |
| 4 |
Two Sigma Advisers
New York
|
-$33.3M |
| 5 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$32.1M |
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.