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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
BCIM
51
British Columbia Investment Management
British Columbia, Canada
$102M -$19.4M -198,775 -18%
DMIC
52
Dixon Mitchell Investment Counsel
British Columbia, Canada
$93.8M +$770K +7,883 +0.9%
TWC
53
TD Waterhouse Canada
Ontario, Canada
$89.9M +$6.79M +69,496 +9%
JAM
54
Jupiter Asset Management
United Kingdom
$88.3M +$11.8M +120,632 +18%
MSC
55
MUFG Securities (Canada)
New York
$84.1M -$1.78M -18,200 -2%
DS
56
Dudley & Shanley
Florida
$77.8M -$6.63M -67,810 -9%
Caisse de Depot et Placement du Quebec (CDPQ)
57
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$77M -$15.8M -161,375 -19%
Jane Street
58
Jane Street
New York
$75.9M +$44.3M +453,491 +202%
SC
59
Scotia Capital
Ontario, Canada
$75.6M +$4.74M +48,514 +8%
AC
60
Addenda Capital
Quebec, Canada
$73.6M +$17.9M +183,123 +63%
American Century Companies
61
American Century Companies
Missouri
$72.3M -$1.73M -17,671 -3%
Citigroup
62
Citigroup
New York
$71.9M -$1.78M -18,217 -3%
GF
63
Gabelli Funds
New York
$70.3M -$4.15M -42,450 -6%
BHC
64
Bowen Hanes & Co
Florida
$69.1M -$42.5K -435 -0.1%
Dimensional Fund Advisors
65
Dimensional Fund Advisors
Texas
$59.2M +$5.35M +54,794 +12%
TAM
66
Tocqueville Asset Management
New York
$57.2M -$181K -1,849 -0.4%
Aviva
67
Aviva
United Kingdom
$56.7M -$804K -8,233 -2%
Federated Hermes
68
Federated Hermes
Pennsylvania
$55M -$16.1M -165,173 -25%
N
69
Nuveen
North Carolina
$53.7M +$334K +3,420 +0.7%
HSBC Holdings
70
HSBC Holdings
United Kingdom
$53.2M +$11.5M +117,656 +33%
Bank of New York Mellon
71
Bank of New York Mellon
New York
$52.6M +$2.25M +22,984 +5%
Ameriprise
72
Ameriprise
Minnesota
$52.5M +$5.19M +53,104 +13%
Two Sigma Investments
73
Two Sigma Investments
New York
$51.8M -$33.7M -345,373 -43%
PMAM
74
Picton Mahoney Asset Management
Ontario, Canada
$51.6M -$1.8M -18,371 -4%
DLA
75
Douglas Lane & Associates
New York
$51.2M -$3.29M -33,665 -7%

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.