Wheaton Precious Metals
685 hedge funds and large institutions have $26.2B invested in Wheaton Precious Metals in 2025 Q2 according to their latest regulatory filings, with 87 funds opening new positions, 219 increasing their positions, 253 reducing their positions, and 54 closing their positions.
71% more call options, than puts
Call options by funds: $302M | Put options by funds: $176M
61% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 54
17% more capital invested
Capital invested by funds: $22.4B → $26.2B (+$3.79B)
4% more funds holding
Funds holding: 661 → 685 (+24)
0.7% more ownership
Funds ownership: 63.4% → 64.11% (+0.7%)
5% less funds holding in top 10
Funds holding in top 10: 20 → 19 (-1)
13% less repeat investments, than reductions
Existing positions increased: 219 | Existing positions reduced: 253
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$250M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$102M |
| 3 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
+$79.9M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$72.1M |
| 5 |
Goldman Sachs
New York
|
+$59.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$136M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$80.6M |
| 3 |
CF
Canoe Financial
Calgary,
Alberta, Canada
|
-$66.7M |
| 4 |
VanEck Associates
New York
|
-$54.5M |
| 5 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
-$53.8M |
WPM Hedge Fund Activity: Q2 2025 in Review
685 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Wheaton Precious Metals (WPM) for Q2 2025, worth a combined $26.2B — up 17% from $22.4B a quarter earlier.
Buyers outnumbered sellers: 87 funds opened new WPM positions and 54 closed out — a net gain of 33 holders — while 219 added to existing stakes and 253 trimmed.
The largest buyer was Fidelity International, adding an estimated $250M. The largest seller was Capital World Investors, cutting an estimated $136M.
- 685 institutional investors held Wheaton Precious Metals (WPM) as of Q2 2025, up from 661 in Q1 2025.
- Funds reported $26.2B of Wheaton Precious Metals stock for Q2 2025, up 17% quarter-over-quarter.
- 87 funds opened new Wheaton Precious Metals positions in Q2 2025 and 54 closed out, a net change of +33 holders.
- The largest Wheaton Precious Metals buyer in Q2 2025 was Fidelity International, an estimated $250M added.
- The largest Wheaton Precious Metals seller in Q2 2025 was Capital World Investors, an estimated $136M sold.
Based on aggregated 13F filings for Q2 2025.