Sandstorm GoldSAND
13F holders, Q1 2025 (March 31)At the end of Q1 2025, 224 institutions reported holding Sandstorm Gold Ltd. (SAND) in their 13F filings, up 8 from Q4 2024. 32 opened new positions and 24 sold out. The largest holders were Capital International Investors ($188.8M), Van Eck Associates Corp. ($158.2M) and Orion Resource Partners LP ($157.1M). 7 famous investors held it, including David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio), Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).
- Company
- Sandstorm Gold Ltd.
- CUSIP
- 80013R206
- Latest filing quarter
- Q4 2025
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 32 | $68.4M |
| Exits | 24 | $8.1M |
All 13F filers, Q4 2024 → Q1 2025: 21,823,135 shares bought and 22,876,624 shares sold, net −1,053,489 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 224 holders
| Capital International Investors | 0.04% | Add +4.8% | 25,010,849 | $188.8M |
| Van Eck Associates Corp. | 0.21% | Reduce -11.5% | 20,951,124 | $158.2M |
| Orion Resource Partners LP | 29.89% | Reduce -29.2% | 20,851,772 | $157.1M |
| Boston Partners | 0.15% | Add +15.9% | 11,374,157 | $123.3M |
| Invesco Ltd. | 0.01% | Add +3.6% | 6,760,201 | $51.0M |
| Sprott Inc. | 2.36% | Add +18.3% | 5,281,973 | $39.9M |
| Dimensional Fund Advisors LP | 0.01% | Reduce -2.2% | 4,866,386 | $36.7M |
| Ontario Teachers Pension Plan Board | 0.53% | Reduce -33.4% | 4,497,638 | $34.0M |
| Horizon Kinetics Asset Management LLC | 0.32% | Reduce -3.1% | 3,672,796 | $27.7M |
| D. E. Shaw & Co. | 0.03% | Add +76.5% | 3,508,774 | $26.5M |
| Morgan Stanley | 0.00% | Add +91.9% | 2,784,958 | $21.0M |
| Two Sigma Advisers, LP | 0.05% | Add +20.1% | 2,780,984 | $21.0M |
| Bank of Montreal | 0.01% | Add +0.1% | 2,360,981 | $17.8M |
| Amundi | 0.01% | Reduce -18.9% | 2,345,329 | $17.7M |
| Kopernik Global Investors, LLC | 1.63% | Add +5.0% | 2,080,780 | $15.7M |
| Wellington Management Group LLP | 0.00% | New | 2,072,727 | $15.6M |
| Millennium Management | 0.02% | Add +731.7% | 2,032,823 | $15.3M |
| Renaissance Technologies | 0.02% | Add +37.9% | 2,026,400 | $15.3M |
| Two Sigma Investments, LP | 0.03% | Add +4.0% | 2,008,068 | $15.2M |
| Caisse de depot et placement du Quebec | 0.03% | New | 1,690,018 | $12.7M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.04% | New | 1,153,679 | $8.7M |
| Bar Harbor Wealth Management | 0.56% | Reduce -0.3% | 1,124,843 | $8.5M |
| Goldman Sachs Group Inc. | 0.00% | Add +11.3% | 1,120,393 | $8.5M |
| Ruffer LLP | 0.32% | New | 1,102,950 | $8.3M |
| Cannell & Spears LLC | 0.17% | Add +1.3% | 1,021,905 | $7.7M |
| National Bank of Canada | 0.01% | Add +21.0% | 1,022,886 | $7.7M |
| Citadel Advisors | 0.01% | Reduce -7.7% | 962,246 | $7.3M |
| U S Global Investors Inc. | 0.87% | Reduce -3.9% | 873,898 | $6.6M |
| Capital International Sarl | 0.15% | Add +146.3% | 867,413 | $6.5M |
| Jane Street Group, LLC | 0.01% | Add +39.8% | 787,596 | $5.9M |
| Trexquant Investment LP | 0.07% | Add +18.1% | 781,562 | $5.9M |
| Royce & Associates LP | 0.06% | Reduce -1.3% | 775,000 | $5.9M |
| TD Asset Management Inc | 0.01% | Add +4.2% | 717,284 | $5.4M |
| Knoll Capital Management, LLC | 3.44% | New | 700,000 | $5.3M |
| Bank of America Corp. | 0.00% | Add +817.9% | 666,578 | $5.0M |
| SummitTX Capital, L.P. | 0.22% | — | 649,036 | $4.9M |
| Louisbourg Investments Inc. | 1.23% | Reduce -17.7% | 599,282 | $4.5M |
| Ancora Advisors LLC | 0.10% | Add +49.5% | 597,250 | $4.5M |
| Cubist Systematic Strategies, LLC | 0.06% | New | 588,398 | $4.4M |
| Clearbridge Investments, LLC | 0.00% | Add +11.1% | 587,052 | $4.4M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Reduce -60.0% | 532,818 | $4.0M |
| Swiss National Bank | 0.00% | Add +3.8% | 520,762 | $3.9M |
| Russell Investments Group, Ltd. | 0.00% | Add +4.8% | 437,521 | $3.3M |
| Voloridge Investment Management, LLC | 0.01% | New | 412,398 | $3.1M |
| Federation des caisses Desjardins du Quebec | 0.02% | Reduce -25.4% | 415,966 | $3.1M |
| Jump Financial, LLC | 0.05% | New | 408,087 | $3.1M |
| C WorldWide Group Holding A/S | 0.04% | No change | 398,069 | $3.0M |
| Deutsche Bank AG | 0.00% | Reduce -31.9% | 376,654 | $2.8M |
| FMR LLC | 0.00% | Add +0.0% | 339,612 | $2.6M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +7.2% | 339,284 | $2.6M |
| Cercano Management LLC | 0.07% | Reduce -36.1% | 317,098 | $2.4M |
| Barclays PLC | 0.00% | Reduce -10.3% | 316,140 | $2.4M |
| Raymond James Financial Inc. | 0.00% | Reduce -39.3% | 310,584 | $2.3M |
| CIBC Asset Management Inc | 0.01% | Add +0.8% | 305,203 | $2.3M |
| Susquehanna International Group, LLP | 0.00% | Reduce -59.0% | 303,247 | $2.3M |
| JPMorgan Chase & Co. | 0.00% | Add +4069.0% | 301,086 | $2.3M |
| Intact Investment Management Inc. | 0.08% | Add +10.3% | 298,000 | $2.2M |
| UBS Group AG | 0.00% | Reduce -60.0% | 290,895 | $2.2M |
| Stifel Financial Corp. | 0.00% | Reduce -51.8% | 280,737 | $2.1M |
| Guggenheim Capital LLC | 0.02% | Add +0.3% | 266,247 | $2.0M |
| Legal & General Group Plc | 0.00% | Add +7.6% | 259,321 | $2.0M |
| Private Advisor Group, LLC | 0.01% | Add +4.0% | 253,166 | $1.9M |
| Prescott Group Capital Management, L.L.C. | 0.25% | No change | 229,968 | $1.7M |
| Nuveen, LLC | 0.00% | — | 226,729 | $1.7M |
| Vanguard Group Inc. | 0.00% | Add +9.6% | 223,702 | $1.7M |
| Manatuck Hill Partners, LLC | 0.73% | New | 210,600 | $1.6M |
| PKO Investment Management Joint-Stock Co | 0.18% | No change | 210,400 | $1.6M |
| Tudor Investment Corporation | 0.01% | Add +460.9% | 200,965 | $1.5M |
| Meixler Investment Management, Ltd. | 1.05% | Add +1588.1% | 200,963 | $1.5M |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -14.0% | 199,243 | $1.5M |
| Crewe Advisors LLC | 0.21% | No change | 199,746 | $1.5M |
| PDT Partners, LLC | 0.10% | No change | 187,141 | $1.4M |
| Money Concepts Capital Corp. | 0.10% | Add +0.9% | 179,107 | $1.4M |
| Group One Trading LLC | 0.06% | Reduce -48.0% | 177,370 | $1.3M |
| CANADA LIFE ASSURANCE Co | 0.00% | Add +6.2% | 176,999 | $1.3M |
| American Century Companies Inc. | 0.00% | Add +2.4% | 170,389 | $1.3M |
| Aquatic Capital Management LLC | 0.03% | New | 160,200 | $1.2M |
| Squarepoint Ops LLC | 0.00% | Reduce -31.1% | 160,117 | $1.2M |
| Eschler Asset Management LLP | 2.80% | No change | 150,000 | $1.1M |
| Alberta Investment Management Corp | 0.01% | No change | 144,800 | $1.1M |
| Geode Capital Management, LLC | 0.00% | Add +7.5% | 139,502 | $1.1M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 0.01% | Reduce -95.5% | 138,510 | $1.0M |
| Mackenzie Financial Corp. | 0.00% | Add +7.5% | 136,709 | $1.0M |
| Vident Advisory, LLC | 0.01% | Reduce -12.1% | 123,685 | $934K |
| Moors & Cabot, Inc. | 0.05% | Reduce -44.8% | 123,059 | $929K |
| Nebula Research & Development LLC | 0.08% | Reduce -39.4% | 112,342 | $848K |
| SG Americas Securities, LLC | 0.00% | Add +2.1% | 111,762 | $844K |
| Qube Research & Technologies Ltd | 0.00% | Reduce -60.5% | 105,697 | $798K |
| Cibc World Market Inc. | 0.00% | Add +34.0% | 105,263 | $793K |
| LPL Financial LLC | 0.00% | Reduce -6.2% | 95,796 | $723K |
| Clear Harbor Asset Management, LLC | 0.06% | Add +0.8% | 95,163 | $718K |
| BNP Paribas Financial Markets | 0.00% | Add +51.8% | 90,679 | $685K |
| Parvin Asset Management, LLC | 0.76% | Add +2.0% | 89,450 | $675K |
| Public Employees Retirement System of Ohio | 0.00% | Add +14.1% | 88,080 | $663K |
| Alps Advisors Inc. | 0.00% | New | 82,604 | $624K |
| Mariner, LLC | 0.00% | Reduce -4.7% | 80,513 | $608K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +26.3% | 80,295 | $605K |
| TSP Capital Management Group, LLC | 0.19% | No change | 77,500 | $585K |
| XTX Topco Ltd | 0.03% | Add +107.9% | 75,471 | $570K |
| Zazove Associates LLC | 1.04% | New | 75,000 | $566K |
"% of holder's portfolio" is SAND's weight in each manager's 13F, not the share of Sandstorm Gold Ltd. the manager owns.