Sprott Gold Miners ETF
SGDM
114 hedge funds and large institutions have $196M invested in Sprott Gold Miners ETF in 2025 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 31 increasing their positions, 37 reducing their positions, and 8 closing their positions.
875% more call options, than puts
Call options by funds: $2.24M | Put options by funds: $230K
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
14% more capital invested
Capital invested by funds: $171M → $196M (+$24.6M)
5% more funds holding
Funds holding: 109 → 114 (+5)
1.23% more ownership
Funds ownership: 28.51% → 29.74% (+1.2%)
16% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.64M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$2.51M |
| 3 |
Mercer Global Advisors
Denver,
Colorado
|
+$2.2M |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$1.55M |
| 5 |
Jane Street
New York
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$14.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$2.86M |
| 3 |
Morgan Stanley
New York
|
-$1.94M |
| 4 |
AA
Auxano Advisors
Bellevue,
Washington
|
-$636K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$602K |
SGDM Hedge Fund Activity: Q4 2025 in Review
114 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Sprott Gold Miners ETF (SGDM) for Q4 2025, worth a combined $196M — up 14% from $171M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new SGDM positions and 8 closed out — a net gain of 8 holders — while 31 added to existing stakes and 37 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $2.64M. The largest seller was Cetera Investment Advisers, cutting an estimated $14.4M.
- 114 institutional investors held Sprott Gold Miners ETF (SGDM) as of Q4 2025, up from 109 in Q3 2025.
- Funds reported $196M of Sprott Gold Miners ETF stock for Q4 2025, up 14% quarter-over-quarter.
- 16 funds opened new Sprott Gold Miners ETF positions in Q4 2025 and 8 closed out, a net change of +8 holders.
- The largest Sprott Gold Miners ETF buyer in Q4 2025 was Royal Bank of Canada, an estimated $2.64M added.
- The largest Sprott Gold Miners ETF seller in Q4 2025 was Cetera Investment Advisers, an estimated $14.4M sold.
Based on aggregated 13F filings for Q4 2025.