Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
209 hedge funds and large institutions have $798M invested in Sandstorm Gold in 2023 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 60 increasing their positions, 59 reducing their positions, and 24 closing their positions.
46% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 24
5% more capital invested
Capital invested by funds: $758M → $798M (+$39.6M)
5% more funds holding
Funds holding: 200 → 209 (+9)
2% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 59
0.09% more ownership
Funds ownership: 53.18% → 53.27% (+0.09%)
4% less call options, than puts
Call options by funds: $3.24M | Put options by funds: $3.38M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.29M |
| 2 |
VanEck Associates
New York
|
+$3.13M |
| 3 |
Amundi
Paris,
France
|
+$2.8M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.32M |
| 5 |
Barclays
London,
United Kingdom
|
+$2.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$11.6M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$4.72M |
| 3 |
JP Morgan Chase
New York
|
-$3.22M |
| 4 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$3.2M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$2.93M |
SAND Hedge Fund Activity: Q4 2023 in Review
209 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q4 2023, worth a combined $798M — up 5.2% from $758M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new SAND positions and 24 closed out — a net gain of 11 holders — while 60 added to existing stakes and 59 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.29M. The largest seller was Invesco, cutting an estimated $11.6M.
- 209 institutional investors held Sandstorm Gold (SAND) as of Q4 2023, up from 200 in Q3 2023.
- Funds reported $798M of Sandstorm Gold stock for Q4 2023, up 5.2% quarter-over-quarter.
- 35 funds opened new Sandstorm Gold positions in Q4 2023 and 24 closed out, a net change of +11 holders.
- The largest Sandstorm Gold buyer in Q4 2023 was Morgan Stanley, an estimated $4.29M added.
- The largest Sandstorm Gold seller in Q4 2023 was Invesco, an estimated $11.6M sold.
Based on aggregated 13F filings for Q4 2023.