Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
200 hedge funds and large institutions have $620M invested in Sandstorm Gold in 2022 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 79 increasing their positions, 39 reducing their positions, and 16 closing their positions.
138% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 16
103% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 39
49% more call options, than puts
Call options by funds: $7.9M | Put options by funds: $5.31M
22% more capital invested
Capital invested by funds: $507M → $620M (+$114M)
10% more funds holding
Funds holding: 181 → 200 (+19)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.02% less ownership
Funds ownership: 44.15% → 42.13% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$48.6M |
| 2 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
+$39.4M |
| 3 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
+$27.5M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$15.1M |
| 5 |
Amundi
Paris,
France
|
+$11.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$5.89M |
| 2 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$3.45M |
| 3 |
Two Sigma Investments
New York
|
-$1.59M |
| 4 |
Goldman Sachs
New York
|
-$1.07M |
| 5 |
D.E. Shaw & Co
New York
|
-$1.07M |
SAND Hedge Fund Activity: Q3 2022 in Review
200 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q3 2022, worth a combined $620M — up 22% from $507M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new SAND positions and 16 closed out — a net gain of 22 holders — while 79 added to existing stakes and 39 trimmed.
The largest buyer was VanEck Associates, adding an estimated $48.6M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $5.89M.
- 200 institutional investors held Sandstorm Gold (SAND) as of Q3 2022, up from 181 in Q2 2022.
- Funds reported $620M of Sandstorm Gold stock for Q3 2022, up 22% quarter-over-quarter.
- 38 funds opened new Sandstorm Gold positions in Q3 2022 and 16 closed out, a net change of +22 holders.
- The largest Sandstorm Gold buyer in Q3 2022 was VanEck Associates, an estimated $48.6M added.
- The largest Sandstorm Gold seller in Q3 2022 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $5.89M sold.
Based on aggregated 13F filings for Q3 2022.