Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
194 hedge funds and large institutions have $827M invested in Sandstorm Gold in 2023 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 63 increasing their positions, 43 reducing their positions, and 25 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 43
0.57% more ownership
Funds ownership: 53.23% → 53.8% (+0.57%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 195 → 194 (-1)
4% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 25
11% less capital invested
Capital invested by funds: $929M → $827M (-$102M)
28% less call options, than puts
Call options by funds: $3.3M | Put options by funds: $4.55M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$40.9M |
| 2 |
Millennium Management
New York
|
+$9.24M |
| 3 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
+$6.07M |
| 4 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$4.08M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$18.4M |
| 2 |
VanEck Associates
New York
|
-$16.1M |
| 3 |
EPAM
Euro Pacific Asset Management
Dorado,
Puerto Rico
|
-$5.12M |
| 4 |
Renaissance Technologies
New York
|
-$4.38M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$3.53M |
SAND Hedge Fund Activity: Q2 2023 in Review
194 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q2 2023, worth a combined $827M — down 11% from $929M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of SAND and 24 opened new positions — a net loss of 1 holder — while 43 trimmed existing stakes and 63 added.
The largest buyer was Capital International Investors, adding an estimated $40.9M. The largest seller was Canada Life, cutting an estimated $18.4M.
- 194 institutional investors held Sandstorm Gold (SAND) as of Q2 2023, down from 195 in Q1 2023.
- Funds reported $827M of Sandstorm Gold stock for Q2 2023, down 11% quarter-over-quarter.
- 24 funds opened new Sandstorm Gold positions in Q2 2023 and 25 closed out, a net change of -1 holder.
- The largest Sandstorm Gold buyer in Q2 2023 was Capital International Investors, an estimated $40.9M added.
- The largest Sandstorm Gold seller in Q2 2023 was Canada Life, an estimated $18.4M sold.
Based on aggregated 13F filings for Q2 2023.