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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
SIC
101
Schwartz Investment Counsel
Michigan
$30.5M
KeyBank National Association
102
KeyBank National Association
Ohio
$29.6M -$2.99M -30,555 -10%
State of Tennessee, Department of Treasury
103
State of Tennessee, Department of Treasury
Tennessee
$29M -$391K -4,000 -2%
CII
104
Capital International Inc
California
$29M +$5.73M +58,663 +29%
Pictet Asset Management
105
Pictet Asset Management
Switzerland
$28.5M +$7.92K +81 +0%
Zurich Cantonal Bank
106
Zurich Cantonal Bank
Switzerland
$28M -$377K -3,862 -2%
VOYA Investment Management
107
VOYA Investment Management
Georgia
$27.6M +$1.65M +16,908 +7%
Two Sigma Advisers
108
Two Sigma Advisers
New York
$27.2M -$17.3M -177,500 -42%
1832 Asset Management
109
1832 Asset Management
Ontario, Canada
$27.1M +$904K +9,253 +4%
MBI
110
Montrusco Bolton Investments
Quebec, Canada
$26.2M +$11.8M +120,866 +107%
HF
111
HRT Financial
New York
$25.6M +$22.4M +229,343 New
LPL Financial
112
LPL Financial
California
$25.6M +$1.83M +18,679 +9%
Skandinaviska Enskilda Banken (SEB)
113
Skandinaviska Enskilda Banken (SEB)
Sweden
$24.8M +$15.1M +154,794 +231%
Wells Fargo
114
Wells Fargo
California
$23.6M +$1.88M +19,289 +10%
VMPIC
115
Varma Mutual Pension Insurance Co
Finland
$23.2M +$1.59M +16,300 +9%
HighTower Advisors
116
HighTower Advisors
Illinois
$22.3M -$1.41M -14,393 -7%
IA
117
Intellus Advisors
Florida
$21.6M -$439K -4,489 -2%
ETC
118
Exchange Traded Concepts
Oklahoma
$20.8M +$6.97M +71,322 +62%
PIMJS
119
PKO Investment Management Joint-Stock
Poland
$20.4M -$48.9K -500 -0.3%
Stifel Financial
120
Stifel Financial
Missouri
$19.4M +$7.34M +75,075 +76%
MSV
121
MN Services Vermogensbeheer
Netherlands
$19.2M +$195K +2,000 +1%
Franklin Resources
122
Franklin Resources
California
$18.1M -$1.07M -10,992 -6%
ECM
123
EagleClaw Capital Management
Massachusetts
$17.5M -$561K -5,743 -4%
GHA
124
GW Henssler & Associates
Georgia
$17.1M +$15M +153,026 New
USGIU
125
U.S. Global Investors (USGI)
Texas
$16.6M +$457K +4,679 +3%

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.