Wheaton Precious Metals
812 hedge funds and large institutions have $34B invested in Wheaton Precious Metals in 2025 Q4 according to their latest regulatory filings, with 146 funds opening new positions, 283 increasing their positions, 239 reducing their positions, and 71 closing their positions.
106% more first-time investments, than exits
New positions opened: 146 | Existing positions closed: 71
33% more funds holding in top 10
Funds holding in top 10: 21 → 28 (+7)
18% more repeat investments, than reductions
Existing positions increased: 283 | Existing positions reduced: 239
8% more funds holding
Funds holding: 751 → 812 (+61)
6% more capital invested
Capital invested by funds: $32B → $34B (+$2.01B)
0.81% more ownership
Funds ownership: 63% → 63.81% (+0.81%)
31% less call options, than puts
Call options by funds: $333M | Put options by funds: $485M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$433M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$184M |
| 3 |
VanEck Associates
New York
|
+$150M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$108M |
| 5 |
Barclays
London,
United Kingdom
|
+$99.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$742M |
| 2 |
First Eagle Investment Management
New York
|
-$189M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$166M |
| 4 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$137M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$129M |
WPM Hedge Fund Activity: Q4 2025 in Review
812 of the 8,261 institutional investors tracked by Wall St. Rank reported a position in Wheaton Precious Metals (WPM) for Q4 2025, worth a combined $34B — up 6.3% from $32B a quarter earlier.
Buyers outnumbered sellers: 146 funds opened new WPM positions and 71 closed out — a net gain of 75 holders — while 283 added to existing stakes and 239 trimmed.
The largest buyer was Mirae Asset Global ETFs Holdings, adding an estimated $433M. The largest seller was Fidelity International, cutting an estimated $742M.
- 812 institutional investors held Wheaton Precious Metals (WPM) as of Q4 2025, up from 751 in Q3 2025.
- Funds reported $34B of Wheaton Precious Metals stock for Q4 2025, up 6.3% quarter-over-quarter.
- 146 funds opened new Wheaton Precious Metals positions in Q4 2025 and 71 closed out, a net change of +75 holders.
- The largest Wheaton Precious Metals buyer in Q4 2025 was Mirae Asset Global ETFs Holdings, an estimated $433M added.
- The largest Wheaton Precious Metals seller in Q4 2025 was Fidelity International, an estimated $742M sold.
Based on aggregated 13F filings for Q4 2025.