Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
194 hedge funds and large institutions have $829M invested in Sandstorm Gold in 2022 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 59 increasing their positions, 55 reducing their positions, and 35 closing their positions.
142% more call options, than puts
Call options by funds: $11.2M | Put options by funds: $4.63M
35% more capital invested
Capital invested by funds: $614M → $829M (+$215M)
10.88% more ownership
Funds ownership: 42.13% → 53.01% (+11%)
7% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 55
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 200 → 194 (-6)
11% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$5.95M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$4.68M |
| 3 |
Amundi
Paris,
France
|
+$3.95M |
| 4 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
+$3.89M |
| 5 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
+$3.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
-$24.1M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$13.7M |
| 3 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$10.5M |
| 4 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$5.79M |
| 5 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$4.41M |
SAND Hedge Fund Activity: Q4 2022 in Review
194 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q4 2022, worth a combined $829M — up 35% from $614M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of SAND and 31 opened new positions — a net loss of 4 holders — while 55 trimmed existing stakes and 59 added.
The largest buyer was EdgePoint Investment Group, opening a new position worth an estimated $5.95M. The largest seller was Scotia Capital, cutting an estimated $24.1M.
- 194 institutional investors held Sandstorm Gold (SAND) as of Q4 2022, down from 200 in Q3 2022.
- Funds reported $829M of Sandstorm Gold stock for Q4 2022, up 35% quarter-over-quarter.
- 31 funds opened new Sandstorm Gold positions in Q4 2022 and 35 closed out, a net change of -4 holders.
- The largest Sandstorm Gold buyer in Q4 2022 was EdgePoint Investment Group, an estimated $5.95M added.
- The largest Sandstorm Gold seller in Q4 2022 was Scotia Capital, an estimated $24.1M sold.
Based on aggregated 13F filings for Q4 2022.