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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
Capital World Investors
1
Capital World Investors
California
$4.21B -$110M -1,124,060 -3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$2.1B +$22.9M +234,439 +1%
First Eagle Investment Management
3
First Eagle Investment Management
New York
$1.92B -$91.6M -937,294 -5%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$1.91B +$50.9M +520,433 +3%
VanEck Associates
5
VanEck Associates
New York
$1.46B -$442M -4,525,194 -26%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$1.14B +$15M +153,928 +2%
Fidelity International
7
Fidelity International
Bermuda
$1.11B -$217M -2,222,400 -18%
Capital International Investors
8
Capital International Investors
California
$839M -$4.64M -47,480 -0.6%
TD Asset Management
9
TD Asset Management
Ontario, Canada
$812M +$23.8M +244,027 +3%
Mirae Asset Global ETFs Holdings
10
Mirae Asset Global ETFs Holdings
Hong Kong
$778M +$181M +1,847,977 +36%
Massachusetts Financial Services
11
Massachusetts Financial Services
Massachusetts
$760M -$13.3M -136,509 -2%
Bank of Montreal
12
Bank of Montreal
Ontario, Canada
$722M +$131M +1,335,588 +26%
Goldman Sachs
13
Goldman Sachs
New York
$574M +$181M +1,850,009 +56%
Bank of America
14
Bank of America
North Carolina
$503M +$1.89M +19,311 +0.4%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$482M +$54.7M +559,542 +15%
Arrowstreet Capital
16
Arrowstreet Capital
Massachusetts
$469M +$142M +1,453,572 +53%
Manulife (Manufacturers Life Insurance)
17
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$446M +$73.6M +753,703 +23%
National Bank of Canada
18
National Bank of Canada
Quebec, Canada
$431M -$13.3M -136,496 -3%
Mackenzie Financial
19
Mackenzie Financial
Ontario, Canada
$408M +$7.57M +77,482 +2%
CIBC World Market
20
CIBC World Market
Ontario, Canada
$373M +$2M +20,485 +0.6%
Legal & General Group
21
Legal & General Group
United Kingdom
$359M +$18.9M +193,292 +6%
JP Morgan Chase
22
JP Morgan Chase
New York
$356M +$9.48M +97,061 +3%
Deutsche Bank
23
Deutsche Bank
Germany
$328M +$29.6M +302,601 +12%
CIBC Asset Management
24
CIBC Asset Management
Ontario, Canada
$319M -$34M -348,322 -11%
HKAM
25
Horizon Kinetics Asset Management
New York
$312M -$18.9M -193,374 -6%

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.