Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
225 hedge funds and large institutions have $1.25B invested in Sandstorm Gold in 2025 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 80 increasing their positions, 55 reducing their positions, and 24 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
53% more call options, than puts
Call options by funds: $17.1M | Put options by funds: $11.1M
45% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 55
42% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 24
35% more capital invested
Capital invested by funds: $926M → $1.25B (+$327M)
4% more funds holding
Funds holding: 217 → 225 (+8)
0.03% less ownership
Funds ownership: 54.42% → 54.39% (-0.03%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$12.9M |
| 2 |
Millennium Management
New York
|
+$11.2M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$10.6M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$9.76M |
| 5 |
D.E. Shaw & Co
New York
|
+$9.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ORP
Orion Resource Partners
New York
|
-$53.7M |
| 2 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$18.5M |
| 3 |
VanEck Associates
New York
|
-$17M |
| 4 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
-$14.1M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$4.98M |
SAND Hedge Fund Activity: Q1 2025 in Review
225 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q1 2025, worth a combined $1.25B — up 35% from $926M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new SAND positions and 24 closed out — a net gain of 10 holders — while 80 added to existing stakes and 55 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $12.9M. The largest seller was Orion Resource Partners, cutting an estimated $53.7M.
- 225 institutional investors held Sandstorm Gold (SAND) as of Q1 2025, up from 217 in Q4 2024.
- Funds reported $1.25B of Sandstorm Gold stock for Q1 2025, up 35% quarter-over-quarter.
- 34 funds opened new Sandstorm Gold positions in Q1 2025 and 24 closed out, a net change of +10 holders.
- The largest Sandstorm Gold buyer in Q1 2025 was Wellington Management Group, an estimated $12.9M added.
- The largest Sandstorm Gold seller in Q1 2025 was Orion Resource Partners, an estimated $53.7M sold.
Based on aggregated 13F filings for Q1 2025.