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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
USGIU
126
U.S. Global Investors (USGI)
Texas
$12.9M -$1.48M -17,568 -11%
Cohen & Steers
127
Cohen & Steers
New York
$12.9M -$316K -3,758 -3%
BNP Paribas Financial Markets
128
BNP Paribas Financial Markets
France
$12.4M -$1.15M -13,663 -9%
IIM
129
INTECH Investment Management
Florida
$12.3M +$2.57M +30,505 +29%
WC
130
Winmill & Co
New York
$11.6M +$480K +5,700 +5%
EAM
131
Erste Asset Management
Austria
$10.7M +$615K +7,300 +12%
MRI
132
Mad River Investors
Massachusetts
$10.4M -$2.68M -31,868 -22%
LI
133
Louisbourg Investments
New Brunswick, Canada
$10.4M +$4.11M +48,852 +73%
ETC
134
Exchange Traded Concepts
Oklahoma
$10.3M +$5.17M +61,451 +116%
MBI
135
Montrusco Bolton Investments
Quebec, Canada
$10.1M -$14.6M -172,923 -60%
AM
136
AGF Management
Ontario, Canada
$10M -$2.05M -24,328 -18%
GC
137
Guggenheim Capital
Illinois
$9.78M +$628K +7,454 +7%
William Blair & Company
138
William Blair & Company
Illinois
$9.76M +$213K +2,528 +2%
CCS
139
Concentric Capital Strategies
Connecticut
$9.52M +$8.92M +106,008 New
Wellington Management Group
140
Wellington Management Group
Massachusetts
$9.4M +$1.07M +12,685 +14%
Teacher Retirement System of Texas
141
Teacher Retirement System of Texas
Texas
$9.28M +$8.42M +100,000 +3,030%
First Trust Advisors
142
First Trust Advisors
Illinois
$9.13M +$27.9K +332 +0.3%
FAF
143
Första AP-fonden
Sweden
$9M -$58.9K -700 -0.7%
Stifel Financial
144
Stifel Financial
Missouri
$8.85M -$603K -7,160 -7%
LF
145
Lansforsakringar Fondforvaltning
Sweden
$8.82M -$451K -5,355 -5%
BCM
146
Beddow Capital Management
Wyoming
$8.59M -$583K -6,925 -7%
UIM
147
USS Investment Management
United Kingdom
$8.43M -$686K -8,151 -8%
Osaic Holdings
148
Osaic Holdings
Arizona
$8.31M -$437K -5,187 -5%
BCM
149
Barometer Capital Management
Ontario, Canada
$8.24M -$2.35M -27,880 -29%
HC
150
Hendley & Co
Ohio
$8.15M +$39.6K +470 +0.5%

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.