Sandstorm Gold
SAND
SAND was delisted on the 17th of October, 2025.
244 hedge funds and large institutions have $1.66B invested in Sandstorm Gold in 2025 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 67 increasing their positions, 78 reducing their positions, and 22 closing their positions.
104% more call options, than puts
Call options by funds: $26.1M | Put options by funds: $12.8M
91% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 22
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
33% more capital invested
Capital invested by funds: $1.25B → $1.66B (+$410M)
8% more funds holding
Funds holding: 225 → 244 (+19)
5.28% more ownership
Funds ownership: 54.39% → 59.67% (+5.3%)
14% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 78
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$35.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$25.5M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$24.6M |
| 4 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$18.2M |
| 5 |
Millennium Management
New York
|
+$17.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
-$56.3M |
| 2 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
-$34M |
| 3 |
VanEck Associates
New York
|
-$20M |
| 4 |
RL
Ruffer LLP
London,
United Kingdom
|
-$7.64M |
| 5 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$6.32M |
SAND Hedge Fund Activity: Q2 2025 in Review
244 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Sandstorm Gold (SAND) for Q2 2025, worth a combined $1.66B — up 33% from $1.25B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new SAND positions and 22 closed out — a net gain of 20 holders — while 67 added to existing stakes and 78 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $35.6M. The largest seller was Boston Partners, cutting an estimated $56.3M.
- 244 institutional investors held Sandstorm Gold (SAND) as of Q2 2025, up from 225 in Q1 2025.
- Funds reported $1.66B of Sandstorm Gold stock for Q2 2025, up 33% quarter-over-quarter.
- 42 funds opened new Sandstorm Gold positions in Q2 2025 and 22 closed out, a net change of +20 holders.
- The largest Sandstorm Gold buyer in Q2 2025 was Arrowstreet Capital, an estimated $35.6M added.
- The largest Sandstorm Gold seller in Q2 2025 was Boston Partners, an estimated $56.3M sold.
Based on aggregated 13F filings for Q2 2025.