We are live on ! Find out more
SAND

Sandstorm Gold

Delisted

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.

New
Increased
Maintained
Reduced
Closed

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: 11 (0)

3% less funds holding

Funds holding: 200194 (-6)

11% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 35

Holders
194
Holders Change
-6
Holders Change %
-3%
% of All Funds
3.12%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
31
Increased
59
Reduced
55
Closed
35
Calls
$11.2M
Puts
$4.63M
Net Calls
+$6.56M
Net Calls Change
+$3.97M
Name Holding Trade Value Shares
Change
Change in
Stake
ORPU
1
Orion Resource Partners (USA)
New York
$252M +$245M +47,971,172 New
VanEck Associates
2
VanEck Associates
New York
$152M +$816K +159,721 +0.6%
PF
3
Phoenix Financial
Israel
$40.6M -$892K -174,683 -2%
OTPPB
4
Ontario Teachers' Pension Plan Board
Ontario, Canada
$35.5M
HKAM
5
Horizon Kinetics Asset Management
New York
$33.5M -$536K -104,996 -2%
Canada Life
6
Canada Life
Manitoba, Canada
$33.5M +$545K +106,765 +2%
Invesco
7
Invesco
Georgia
$22.6M -$1.48M -289,168 -6%
SI
8
Sprott Inc
Ontario, Canada
$20.3M -$10.5M -2,046,737 -35%
BCIM
9
British Columbia Investment Management
British Columbia, Canada
$20.3M +$3.87M +758,103 +25%
Renaissance Technologies
10
Renaissance Technologies
New York
$17.5M +$2.44M +477,100 +17%
Amundi
11
Amundi
France
$17.1M +$3.95M +773,370 +35%
Citadel Advisors
12
Citadel Advisors
Florida
$14.7M +$4.68M +915,623 +49%
DZ Bank
13
DZ Bank
Germany
$8.93M
Susquehanna International Group
14
Susquehanna International Group
Pennsylvania
$7.63M +$1.67M +326,161 +29%
Two Sigma Investments
15
Two Sigma Investments
New York
$7.36M -$704K -137,858 -9%
Connor, Clark & Lunn Investment Management (CC&L)
16
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$7.15M +$710K +138,900 +11%
Bank of Montreal
17
Bank of Montreal
Ontario, Canada
$6.88M -$89.8K -17,578 -1%
Two Sigma Advisers
18
Two Sigma Advisers
New York
$6.17M -$273K -53,500 -4%
EIG
19
EdgePoint Investment Group
Ontario, Canada
$6.13M +$5.95M +1,165,500 New
EPAM
20
Euro Pacific Asset Management
Puerto Rico
$6.11M -$1.27M -249,098 -18%
BHWM
21
Bar Harbor Wealth Management
New Hampshire
$5.9M +$203K +39,780 +4%
JP Morgan Chase
22
JP Morgan Chase
New York
$5.51M -$1.7M -332,732 -24%
Goldman Sachs
23
Goldman Sachs
New York
$4.99M +$1.75M +343,496 +57%
FDCDDQ
24
Federation des caisses Desjardins du Quebec
Quebec, Canada
$4.46M +$3.89M +761,794 +802%
RA
25
Royce & Associates
New York
$4.26M

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.