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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.

New
Increased
Maintained
Reduced
Closed

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: 1921 (+2)

9% more funds holding

Funds holding: 685748 (+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

Holders
748
Holders Change
+63
Holders Change %
+9.2%
% of All Funds
9.82%
Holding in Top 10
21
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+10.53%
% of All Funds
0.28%
New
112
Increased
273
Reduced
225
Closed
42
Calls
$423M
Puts
$630M
Net Calls
-$207M
Net Calls Change
-$333M
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$300M +$20.6M +210,493 +9%
Neuberger Berman Group
27
Neuberger Berman Group
New York
$277M -$63.3M -647,477 -21%
Amundi
28
Amundi
France
$249M -$34.3M -351,148 -13%
Canada Pension Plan Investment Board
29
Canada Pension Plan Investment Board
Ontario, Canada
$248M +$12M +123,000 +6%
BlackRock
30
BlackRock
New York
$246M +$7.75M +79,337 +4%
Invesco
31
Invesco
Georgia
$236M +$2.48M +25,385 +1%
Connor, Clark & Lunn Investment Management (CC&L)
32
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$192M -$86.4M -884,018 -34%
DekaBank Deutsche Girozentrale
33
DekaBank Deutsche Girozentrale
Germany
$178M
FDCDDQ
34
Federation des caisses Desjardins du Quebec
Quebec, Canada
$173M -$15.3M -156,584 -9%
Luther King Capital Management (LKCM)
35
Luther King Capital Management (LKCM)
Texas
$170M -$700K -7,160 -0.5%
Capital Research Global Investors
36
Capital Research Global Investors
California
$163M +$87.3M +893,733 +158%
UBS Group
37
UBS Group
Switzerland
$160M +$27.2M +278,655 +24%
Bank of Nova Scotia
38
Bank of Nova Scotia
Ontario, Canada
$159M +$9.65M +98,741 +7%
Swiss National Bank
39
Swiss National Bank
Switzerland
$146M -$7.13M -73,000 -5%
Toronto Dominion Bank
40
Toronto Dominion Bank
Ontario, Canada
$143M +$50.1M +512,546 +67%
Qube Research & Technologies (QRT)
41
Qube Research & Technologies (QRT)
United Kingdom
$139M +$115M +1,174,799 +1,655%
TI
42
Tidal Investments
Wisconsin
$137M +$34.2M +349,964 +40%
Barclays
43
Barclays
United Kingdom
$130M +$12.5M +128,172 +12%
SI
44
Sprott Inc
Ontario, Canada
$129M +$3.23M +33,076 +3%
Millennium Management
45
Millennium Management
New York
$124M +$88.3M +903,769 +443%
OAG
46
Orbis Allan Gray
Bermuda
$115M
Charles Schwab
47
Charles Schwab
California
$114M -$1.42M -14,583 -1%
Man Group
48
Man Group
United Kingdom
$109M +$33.3M +340,620 +53%
CF
49
Canoe Financial
Alberta, Canada
$109M -$731K -7,481 -0.8%
Canada Life
50
Canada Life
Manitoba, Canada
$104M +$3.87M +39,593 +4%

WPM Hedge Fund Activity: Q3 2025 in Review

748 of the 7,619 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.