Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
177 hedge funds and large institutions have $491M invested in Sandstorm Gold in 2021 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 43 increasing their positions, 54 reducing their positions, and 18 closing their positions.
89% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 18
71% more call options, than puts
Call options by funds: $15.2M | Put options by funds: $8.85M
9% more funds holding
Funds holding: 163 → 177 (+14)
6% more capital invested
Capital invested by funds: $462M → $491M (+$29.1M)
0.34% more ownership
Funds ownership: 40.89% → 41.22% (+0.34%)
20% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 54
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$8.13M |
| 2 |
Millennium Management
New York
|
+$7.91M |
| 3 |
Two Sigma Investments
New York
|
+$4.7M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$3.81M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$2.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$11.2M |
| 2 |
EPIM
Equinox Partners Investment Management
Stamford,
Connecticut
|
-$6.74M |
| 3 |
Morgan Stanley
New York
|
-$2.98M |
| 4 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
-$2.42M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.91M |
SAND Hedge Fund Activity: Q4 2021 in Review
177 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q4 2021, worth a combined $491M — up 6.3% from $462M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new SAND positions and 18 closed out — a net gain of 16 holders — while 43 added to existing stakes and 54 trimmed.
The largest buyer was DZ Bank, adding an estimated $8.13M. The largest seller was VanEck Associates, cutting an estimated $11.2M.
- 177 institutional investors held Sandstorm Gold (SAND) as of Q4 2021, up from 163 in Q3 2021.
- Funds reported $491M of Sandstorm Gold stock for Q4 2021, up 6.3% quarter-over-quarter.
- 34 funds opened new Sandstorm Gold positions in Q4 2021 and 18 closed out, a net change of +16 holders.
- The largest Sandstorm Gold buyer in Q4 2021 was DZ Bank, an estimated $8.13M added.
- The largest Sandstorm Gold seller in Q4 2021 was VanEck Associates, an estimated $11.2M sold.
Based on aggregated 13F filings for Q4 2021.