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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
B
76
Barings
North Carolina
$50M +$774K +7,917 +2%
Northern Trust
77
Northern Trust
Illinois
$49.7M +$4.17M +42,631 +11%
Allianz Asset Management
78
Allianz Asset Management
Germany
$47.6M -$6.47M -66,229 -13%
Royal London Asset Management
79
Royal London Asset Management
United Kingdom
$46.7M +$37.9M +387,367 +1,298%
MCM
80
Moerus Capital Management
New York
$44.6M -$8.78M -89,807 -18%
AIM
81
AXA Investment Managers
France
$43.9M +$38.4M +392,749 New
BDLIB
82
Banque de Luxembourg Investments (BLI)
Luxembourg
$43.1M -$4.89M -50,000 -11%
Raymond James Financial
83
Raymond James Financial
Florida
$42.5M +$885K +9,062 +2%
HIM
84
Hillsdale Investment Management
Ontario, Canada
$41.9M -$2.23M -22,820 -6%
Russell Investments Group
85
Russell Investments Group
United Kingdom
$40.7M +$5.78M +59,153 +19%
GAM
86
Generali Asset Management
Italy
$39.4M -$12.2M -124,351 -28%
Fiera Capital (Canada)
87
Fiera Capital (Canada)
Quebec, Canada
$39.3M -$1.06M -10,826 -3%
SFM
88
Stack Financial Management
Montana
$39.2M -$238K -2,433 -0.7%
PL
89
Perpetual Ltd
Australia
$39.1M -$22.5M -230,660 -40%
Macquarie Group
90
Macquarie Group
Australia
$37.8M +$14.4M +147,642 +69%
GCC
91
Guardian Capital (Canada)
Ontario, Canada
$37.6M -$5.42M -55,474 -14%
SF
92
Summit Financial
New Jersey
$36.1M +$3.15M +32,282 +11%
Ohio Public Employees Retirement System (OPERS)
93
Ohio Public Employees Retirement System (OPERS)
Ohio
$34.8M -$2.44M -24,969 -7%
Renaissance Technologies
94
Renaissance Technologies
New York
$34.5M -$37.5M -383,994 -55%
Allspring Global Investments
95
Allspring Global Investments
North Carolina
$33.8M -$29.3K -300 -0.1%
Credit Agricole
96
Credit Agricole
France
$33.4M +$29.2M +298,940 New
T. Rowe Price Associates
97
T. Rowe Price Associates
Maryland
$33.2M -$6.34M -64,869 -18%
Korea Investment Corp
98
Korea Investment Corp
South Korea
$32.4M -$131K -1,343 -0.5%
EPAM
99
Euro Pacific Asset Management
Puerto Rico
$31.6M -$778K -7,959 -3%
DZ Bank
100
DZ Bank
Germany
$31.2M +$4.79M +49,009 +21%

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.