Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
170 hedge funds and large institutions have $549M invested in Sandstorm Gold in 2021 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 49 increasing their positions, 51 reducing their positions, and 31 closing their positions.
87% more call options, than puts
Call options by funds: $22.9M | Put options by funds: $12.3M
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
4% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 51
2.11% less ownership
Funds ownership: 43.24% → 41.14% (-2.1%)
3% less funds holding
Funds holding: 176 → 170 (-6)
9% less capital invested
Capital invested by funds: $600M → $549M (-$51.1M)
13% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSC
Cove Street Capital
El Segundo,
California
|
+$7.89M |
| 2 |
CC
Carrhae Capital
London,
United Kingdom
|
+$6.05M |
| 3 |
Renaissance Technologies
New York
|
+$5.46M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$4.19M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$2.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$10.4M |
| 2 |
VanEck Associates
New York
|
-$10.2M |
| 3 |
Jennison Associates
New York
|
-$9.89M |
| 4 |
Two Sigma Investments
New York
|
-$6.74M |
| 5 |
D.E. Shaw & Co
New York
|
-$6.42M |
SAND Hedge Fund Activity: Q1 2021 in Review
170 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q1 2021, worth a combined $549M — down 8.5% from $600M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of SAND and 27 opened new positions — a net loss of 4 holders — while 51 trimmed existing stakes and 49 added.
The largest buyer was Cove Street Capital, opening a new position worth an estimated $7.89M. The largest seller was Goldman Sachs, cutting an estimated $10.4M.
- 170 institutional investors held Sandstorm Gold (SAND) as of Q1 2021, down from 176 in Q4 2020.
- Funds reported $549M of Sandstorm Gold stock for Q1 2021, down 8.5% quarter-over-quarter.
- 27 funds opened new Sandstorm Gold positions in Q1 2021 and 31 closed out, a net change of -4 holders.
- The largest Sandstorm Gold buyer in Q1 2021 was Cove Street Capital, an estimated $7.89M added.
- The largest Sandstorm Gold seller in Q1 2021 was Goldman Sachs, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2021.