Wheaton Precious Metals
748 hedge funds and large institutions have $32B invested in Wheaton Precious Metals in 2025 Q3 according to their latest regulatory filings, with 112 funds opening new positions, 273 increasing their positions, 225 reducing their positions, and 42 closing their positions.
167% more first-time investments, than exits
New positions opened: 112 | Existing positions closed: 42
22% more capital invested
Capital invested by funds: $26.2B → $32B (+$5.84B)
21% more repeat investments, than reductions
Existing positions increased: 273 | Existing positions reduced: 225
11% more funds holding in top 10
Funds holding in top 10: 19 → 21 (+2)
9% more funds holding
Funds holding: 685 → 748 (+63)
1.14% less ownership
Funds ownership: 64.11% → 62.96% (-1.1%)
33% less call options, than puts
Call options by funds: $423M | Put options by funds: $630M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$181M |
| 2 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$181M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$142M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$131M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$115M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$442M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$217M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$110M |
| 4 |
First Eagle Investment Management
New York
|
-$91.6M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$86.4M |
WPM Hedge Fund Activity: Q3 2025 in Review
748 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Wheaton Precious Metals (WPM) for Q3 2025, worth a combined $32B — up 22% from $26.2B a quarter earlier.
Buyers outnumbered sellers: 112 funds opened new WPM positions and 42 closed out — a net gain of 70 holders — while 273 added to existing stakes and 225 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $181M. The largest seller was VanEck Associates, cutting an estimated $442M.
- 748 institutional investors held Wheaton Precious Metals (WPM) as of Q3 2025, up from 685 in Q2 2025.
- Funds reported $32B of Wheaton Precious Metals stock for Q3 2025, up 22% quarter-over-quarter.
- 112 funds opened new Wheaton Precious Metals positions in Q3 2025 and 42 closed out, a net change of +70 holders.
- The largest Wheaton Precious Metals buyer in Q3 2025 was Goldman Sachs, an estimated $181M added.
- The largest Wheaton Precious Metals seller in Q3 2025 was VanEck Associates, an estimated $442M sold.
Based on aggregated 13F filings for Q3 2025.