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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.

New
Increased
Maintained
Reduced
Closed

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: 661685 (+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: 2019 (-1)

13% less repeat investments, than reductions

Existing positions increased: 219 | Existing positions reduced: 253

Holders
685
Holders Change
+24
Holders Change %
+3.63%
% of All Funds
9.02%
Holding in Top 10
19
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5%
% of All Funds
0.25%
New
87
Increased
219
Reduced
253
Closed
54
Calls
$302M
Puts
$176M
Net Calls
+$126M
Net Calls Change
-$94.7M
Name Holding Trade Value Shares
Change
Change in
Stake
SF
101
Summit Financial
New Jersey
$26.1M -$3.07M -36,412 -11%
SIC
102
Schwartz Investment Counsel
Michigan
$24.5M +$421K +5,000 +2%
State of Tennessee, Department of Treasury
103
State of Tennessee, Department of Treasury
Tennessee
$23.6M
Pictet Asset Management
104
Pictet Asset Management
Switzerland
$22.8M +$1.26M +14,952 +6%
Zurich Cantonal Bank
105
Zurich Cantonal Bank
Switzerland
$22.8M -$464K -5,507 -2%
Macquarie Group
106
Macquarie Group
Australia
$21.3M -$4.62M -54,822 -20%
1832 Asset Management
107
1832 Asset Management
Ontario, Canada
$21M +$17.4M +206,612 +770%
VOYA Investment Management
108
VOYA Investment Management
Georgia
$20.6M -$43.6M -517,558 -69%
DZ Bank
109
DZ Bank
Germany
$20.6M -$1.98M -23,487 -9%
Jane Street
110
Jane Street
New York
$20.2M -$1.98M -23,495 -9%
HighTower Advisors
111
HighTower Advisors
Illinois
$19.2M -$5.21M -61,901 -22%
LPL Financial
112
LPL Financial
California
$18.9M +$1.03M +12,187 +6%
Baird Financial Group
113
Baird Financial Group
Wisconsin
$18.3M +$361K +4,290 +2%
Millennium Management
114
Millennium Management
New York
$18.3M -$18.6M -221,376 -52%
CII
115
Capital International Inc
California
$18M +$5.52M +65,570 +49%
IA
116
Intellus Advisors
Florida
$17.8M -$2.33M -27,638 -12%
LOAME
117
Lombard Odier Asset Management (Europe)
United Kingdom
$17.3M -$9.14M -108,546 -36%
Wells Fargo
118
Wells Fargo
California
$17.2M -$2.68M -31,836 -14%
VMPIC
119
Varma Mutual Pension Insurance Co
Finland
$17.1M +$808K +9,600 +5%
RL
120
Ruffer LLP
United Kingdom
$17M -$8.44M -100,260 -35%
Citadel Advisors
121
Citadel Advisors
Florida
$16.8M -$2.54M -30,156 -14%
PIMJS
122
PKO Investment Management Joint-Stock
Poland
$16.4M -$522K -6,200 -3%
Franklin Resources
123
Franklin Resources
California
$15.6M +$139K +1,657 +1%
MSV
124
MN Services Vermogensbeheer
Netherlands
$15.2M +$480K +5,700 +3%
ECM
125
EagleClaw Capital Management
Massachusetts
$14.6M -$215K -2,557 -2%

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.