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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
Capital World Investors
1
Capital World Investors
California
$3.48B -$136M -1,610,408 -4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.67B +$47M +557,793 +3%
First Eagle Investment Management
3
First Eagle Investment Management
New York
$1.63B -$40.8M -485,215 -3%
VanEck Associates
4
VanEck Associates
New York
$1.58B -$54.5M -647,760 -4%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$1.48B +$21.7M +258,216 +2%
Fidelity International
6
Fidelity International
Bermuda
$1.09B +$250M +2,969,723 +32%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$899M +$72.1M +856,234 +9%
Capital International Investors
8
Capital International Investors
California
$678M +$57.8M +686,504 +10%
Norges Bank
9
Norges Bank
Norway
$656M -$80.6M -957,633 -12%
TD Asset Management
10
TD Asset Management
Ontario, Canada
$629M -$42.5M -504,324 -7%
Massachusetts Financial Services
11
Massachusetts Financial Services
Massachusetts
$623M -$9.63M -114,408 -2%
Bank of Montreal
12
Bank of Montreal
Ontario, Canada
$461M +$40.3M +478,236 +10%
Mirae Asset Global ETFs Holdings
13
Mirae Asset Global ETFs Holdings
Hong Kong
$459M +$2.95M +35,047 +0.7%
Bank of America
14
Bank of America
North Carolina
$402M +$42.7M +507,577 +13%
National Bank of Canada
15
National Bank of Canada
Quebec, Canada
$358M +$29.7M +353,223 +10%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$333M +$52.4M +622,003 +21%
Mackenzie Financial
17
Mackenzie Financial
Ontario, Canada
$321M +$49.5M +587,855 +20%
CIBC World Market
18
CIBC World Market
Ontario, Canada
$298M -$30.8M -366,232 -10%
Goldman Sachs
19
Goldman Sachs
New York
$295M +$59.7M +708,841 +28%
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$289M -$153K -1,818 -0.1%
CIBC Asset Management
21
CIBC Asset Management
Ontario, Canada
$288M +$53.2M +632,464 +25%
Neuberger Berman Group
22
Neuberger Berman Group
New York
$281M -$37.9M -450,204 -13%
JP Morgan Chase
23
JP Morgan Chase
New York
$277M +$2.4M +28,450 +0.9%
Legal & General Group
24
Legal & General Group
United Kingdom
$270M +$38.4M +455,716 +18%
HKAM
25
Horizon Kinetics Asset Management
New York
$268M +$2.42M +28,792 +1%

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.