Sandstorm GoldSAND

13F holders, Q3 2025 (September 30)
269holders +27
70new positions
43sold out
9famous investors
$12.52avg. 13F price*

At the end of Q3 2025, 269 institutions reported holding Sandstorm Gold Ltd. (SAND) in their 13F filings, up 27 from Q2 2025. 70 opened new positions and 43 sold out. The largest holders were Capital International Investors ($313.3M), Van Eck Associates Corp. ($298.2M) and Invesco Ltd. ($132.0M). 9 famous investors held it, including Paul Tudor Jones (0.1% of Tudor Investment Corporation's portfolio), Jeremy Grantham (0.1% of GMO's portfolio) and Israel Englander (0.1% of Millennium Management's portfolio).

Company
Sandstorm Gold Ltd.
CUSIP
80013R206
Latest filing quarter
Q4 2025

History

Number of 13F holders

0100200300 Q1 2024: 203Q1 2024Q2 2024: 211Q2 2024Q3 2024: 211Q3 2024Q4 2024: 216Q4 2024Q1 2025: 224Q1 2025Q2 2025: 242Q2 2025Q3 2025: 269Q3 2025Q4 2025: 2Q4 2025

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions70$446.6M
Exits43$380.5M

All 13F filers, Q2 2025 → Q3 2025: 76,955,429 shares bought and 63,730,133 shares sold, net +13,225,296 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 269 holders

Capital International Investors 0.05% Add +0.1% 25,025,960 $313.3M
Van Eck Associates Corp. 0.28% Add +28.0% 23,816,449 $298.2M
Invesco Ltd. 0.02% Add +8.3% 10,546,653 $132.0M
Arrowstreet Capital, Limited Partnership 0.07% Add +78.4% 8,359,786 $104.6M
Balyasny Asset Management L.P. 0.20% Add +14364.0% 7,553,994 $94.6M
Goldman Sachs Group Inc. 0.01% Add +490.1% 7,498,159 $93.9M
AQR Arbitrage LLC 2.69% New 6,061,783 $75.9M
OMERS ADMINISTRATION Corp 0.53% New 5,904,000 $73.9M
Millennium Management 0.05% Add +22.4% 5,011,992 $62.8M
Dimensional Fund Advisors LP 0.01% Reduce -6.0% 3,983,206 $49.8M
Vanguard Group Inc. 0.00% Add +1482.3% 3,863,936 $48.4M
Alpine Associates Management Inc. 2.88% New 3,767,815 $47.2M
Alliancebernstein L.P. 0.01% Add +5742.8% 3,445,637 $43.1M
D. E. Shaw & Co. 0.03% Reduce -38.2% 2,434,994 $30.5M
Bank of Montreal 0.01% Add +36.6% 2,286,717 $28.6M
Bank of America Corp. 0.00% Add +227.0% 2,248,688 $28.2M
GMO 0.08% New 2,178,227 $27.3M
Magnetar Financial LLC 0.18% New 2,175,460 $27.2M
Absolute Gestao de Investimentos Ltda. 3.23% New 1,953,356 $24.5M
Wellington Management Group LLP 0.00% Add +6.5% 1,870,122 $23.4M
Amundi 0.01% Reduce -14.4% 1,742,540 $22.2M
Glazer Capital, LLC 0.80% New 1,736,448 $21.7M
Jane Street Group, LLC 0.03% Reduce -18.4% 1,706,809 $21.4M
Citigroup Inc. 0.01% Add +2892.9% 1,689,707 $21.2M
Renaissance Technologies 0.03% Reduce -51.5% 1,625,700 $20.4M
Kopernik Global Investors, LLC 1.62% Reduce -1.0% 1,586,602 $19.9M
Man Group plc 0.04% Add +112.2% 1,564,883 $19.6M
Sprott Inc. 0.72% Reduce -66.5% 1,523,166 $19.1M
Tudor Investment Corporation 0.13% Reduce -0.4% 1,508,747 $18.9M
Two Sigma Advisers, LP 0.04% Reduce -69.1% 1,398,400 $17.5M
Two Sigma Investments, LP 0.03% Reduce -61.0% 1,327,775 $16.6M
LMR Partners LLP 0.31% New 1,305,604 $16.3M
Horizon Kinetics Asset Management LLC 0.19% Reduce -65.0% 1,274,954 $16.0M
Qube Research & Technologies Ltd 0.02% Add +3962.1% 1,210,944 $15.2M
Bar Harbor Wealth Management 0.81% Reduce -3.5% 1,076,957 $13.5M
Cannell & Spears LLC 0.24% Reduce 0.0% 1,020,996 $12.8M
Picton Mahoney Asset Management 0.15% New 953,560 $11.9M
Kintayl Capital LP 7.99% New 930,324 $11.6M
Verition Fund Management LLC 0.07% New 885,825 $11.1M
Capital International Sarl 0.19% No change 867,413 $10.9M
TD Asset Management Inc 0.01% Add +2.9% 860,902 $10.8M
Gabelli Funds LLC 0.07% Add +234.0% 835,000 $10.5M
Versor Investments LP 1.79% New 775,957 $9.7M
Aquatic Capital Management LLC 0.17% Add +89.2% 750,238 $9.4M
Royal Bank of Canada 0.00% Reduce -31.5% 749,972 $9.4M
Trexquant Investment LP 0.09% Reduce -36.7% 726,221 $9.1M
Knoll Capital Management, LLC 4.70% No change 700,000 $8.8M
Morgan Stanley 0.00% Reduce -78.5% 656,201 $8.2M
National Bank of Canada 0.01% Reduce -6.1% 657,334 $8.2M
Connor, Clark & Lunn Investment Management Ltd. 0.02% Reduce -62.5% 628,312 $7.9M
JPMorgan Chase & Co. 0.00% Add +332.5% 599,535 $7.5M
Abc Arbitrage SA 0.72% New 587,753 $7.4M
New York Life Investment Management LLC 0.06% New 582,920 $7.3M
Point72 Asia (Singapore) Pte. Ltd. 1.12% Add +202.2% 576,167 $7.2M
Credit Industriel Et Commercial 1.56% New 553,194 $6.9M
Swiss National Bank 0.00% Add +7.2% 544,662 $6.8M
Citadel Advisors 0.01% Reduce -72.3% 544,322 $6.8M
Royce & Associates LP 0.06% Reduce -28.3% 507,500 $6.4M
Capstone Investment Advisors, LLC 0.07% New 500,000 $6.3M
Skandinaviska Enskilda Banken AB (publ) 0.02% New 471,380 $5.9M
Gardner Lewis Asset Management L P 1.53% New 465,753 $5.8M
C WorldWide Group Holding A/S 0.09% Add +16.7% 464,411 $5.8M
UBS Group AG 0.00% Reduce -27.3% 449,859 $5.6M
PCJ Investment Counsel Ltd. 1.49% Add +144.6% 427,350 $5.3M
Ancora Advisors LLC 0.10% Reduce -0.3% 418,250 $5.2M
Russell Investments Group, Ltd. 0.01% Reduce -10.3% 385,879 $4.8M
Clearbridge Investments, LLC 0.00% Reduce -31.4% 371,003 $4.6M
Alberta Investment Management Corp 0.04% Add +149.2% 360,846 $4.5M
Louisbourg Investments Inc. 0.92% Reduce -19.7% 338,282 $4.2M
Toronto Dominion Bank 0.01% Add +2496.4% 329,403 $4.1M
Vestcor Inc 0.11% New 300,000 $3.8M
Sagefield Capital LP 0.42% New 298,431 $3.7M
Guggenheim Capital LLC 0.03% Add +9.6% 285,495 $3.6M
Natixis 0.02% New 284,120 $3.6M
Legal & General Group Plc 0.00% Add +5.3% 279,547 $3.5M
Carmignac Gestion 0.05% New 270,957 $3.4M
Quantessence Capital LLC 1.06% New 267,088 $3.3M
GAMCO Investors 0.03% New 263,900 $3.3M
Private Advisor Group, LLC 0.02% Add +0.0% 253,169 $3.2M
Y-Intercept (Hong Kong) Ltd 0.08% Add +1695.2% 252,727 $3.2M
Canada Pension Plan Investment Board 0.00% New 244,300 $3.1M
Bridgewater Associates 0.01% New 241,451 $3.0M
Raymond James Financial Inc. 0.00% Reduce -10.0% 239,855 $3.0M
Manufacturers Life Insurance Company, The 0.00% Add +20.8% 236,689 $3.0M
CIBC Asset Management Inc 0.01% Reduce -0.4% 234,389 $2.9M
Prescott Group Capital Management, L.L.C. 0.30% No change 229,968 $2.9M
Cercano Management LLC 0.11% Reduce -15.1% 226,238 $2.8M
Water Island Capital LLC 0.42% New 214,205 $2.7M
Quantbot Technologies LP 0.07% Reduce -12.9% 207,882 $2.6M
Vident Advisory, LLC 0.02% Add +70.3% 202,265 $2.5M
Barclays PLC 0.00% Reduce -19.8% 201,896 $2.5M
Yakira Capital Management, Inc. 0.95% New 201,668 $2.5M
Charles Schwab Investment Management Inc. 0.00% New 201,290 $2.5M
Crewe Advisors LLC 0.24% No change 199,746 $2.5M
Nuveen, LLC 0.00% No change 198,370 $2.5M
Federation des caisses Desjardins du Quebec 0.01% Reduce -33.8% 192,303 $2.4M
CANADA LIFE ASSURANCE Co 0.00% Add +4.5% 184,941 $2.3M
American Century Companies Inc. 0.00% Add +3.9% 179,163 $2.2M
Money Concepts Capital Corp. 0.14% Reduce -0.4% 178,390 $2.2M
Geode Capital Management, LLC 0.00% Add +14.2% 174,024 $2.2M
Meixler Investment Management, Ltd. 1.34% Reduce -7.0% 173,913 $2.2M
K2 Principal Fund, L.P. 0.76% No change 170,000 $2.1M
Prelude Capital Management, LLC 0.17% Add +1316.3% 169,464 $2.1M
Wolverine Asset Management LLC 0.14% New 160,474 $2.0M
Mackenzie Financial Corp. 0.00% Reduce -43.3% 159,752 $2.0M
Polar Asset Management Partners Inc. 0.06% Add +202.8% 159,584 $2.0M
Jump Financial, LLC 0.03% Reduce -55.1% 153,054 $1.9M
Entropy Technologies, LP 0.14% Add +107.4% 147,047 $1.8M
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% Reduce -4.0% 141,809 $1.8M
Schonfeld Strategic Advisors LLC 0.01% Add +100.5% 141,398 $1.8M
Group One Trading LLC 0.05% Add +7.7% 140,756 $1.8M
Cubist Systematic Strategies, LLC 0.02% Reduce -84.8% 134,883 $1.7M
O'shaughnessy Asset Management, LLC 0.01% Add +84.4% 125,451 $1.6M
XTX Topco Ltd 0.08% Add +112.5% 120,502 $1.5M
Montrusco Bolton Investments Inc. 0.02% Reduce -91.0% 116,599 $1.5M
Squarepoint Ops LLC 0.00% Add +87.5% 115,135 $1.4M
Advisory Services Network, LLC 0.02% No change 112,605 $1.4M
Spark Investment Management LLC 3.49% No change 111,000 $1.4M
Moors & Cabot, Inc. 0.06% Reduce -11.2% 102,655 $1.3M
Healthcare of Ontario Pension Plan Trust Fund 0.00% New 100,000 $1.3M
LPL Financial LLC 0.00% Reduce -6.2% 99,244 $1.2M
PKO Investment Management Joint-Stock Co 0.10% Reduce -53.7% 97,400 $1.2M
GABELLI & Co INVESTMENT ADVISERS, INC. 0.19% New 95,193 $1.2M
Bank of New York Mellon Corp 0.00% Add +258.3% 94,949 $1.2M
Clear Harbor Asset Management, LLC 0.08% Add +0.1% 91,235 $1.1M
Plancorp, LLC 0.04% No change 90,364 $1.1M
SG Americas Securities, LLC 0.00% Reduce -1.4% 85,001 $1.1M
Mariner, LLC 0.00% Add +9.2% 84,652 $1.1M
Manatuck Hill Partners, LLC 0.36% No change 83,600 $1.0M
Public Employees Retirement System of Ohio 0.00% Add +4.2% 80,655 $1.0M
WJ Financial Advisors LLC 0.97% — 79,869 $1000K
Stansberry Asset Management, LLC 0.11% Add +18.6% 79,840 $1000K
Caption Management, LLC 0.05% New 70,745 $886K
Engineers Gate Manager LP 0.01% Reduce -65.6% 68,244 $854K
Mgo One Seven LLC 0.02% Add +17.6% 67,279 $842K
Susquehanna International Group, LLP 0.00% Reduce -85.7% 66,131 $828K
Ritholtz Wealth Management 0.02% Add +207.1% 65,824 $824K
Precision Wealth Strategies, LLC 0.23% New 57,761 $723K
Dynamic Technology Lab Private Ltd 0.12% New 57,259 $717K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Add +23.1% 56,851 $712K
Centiva Capital, LP 0.06% New 55,442 $694K
Sheets Smith Investment Management 0.42% New 52,228 $654K
BlackRock, Inc. 0.00% Reduce -6.9% 52,136 $653K
Zazove Associates LLC 1.41% New 50,000 $626K
Pictet Asset Management Holding SA 0.00% No change 47,974 $601K
Gotham Asset Management 0.00% Reduce -21.4% 45,374 $568K
Cibc World Market Inc. 0.00% Reduce -41.5% 43,422 $543K
Mad River Investors 0.23% Reduce -12.5% 42,592 $533K
PenderFund Capital Management Ltd. 0.21% New 42,500 $532K
Boothbay Fund Management, LLC 0.01% New 42,465 $532K
SIG North Trading, ULC 0.08% Add +31.1% 42,129 $527K
Eschler Asset Management LLP 0.39% Reduce -50.6% 42,000 $526K
Stifel Financial Corp. 0.00% Add +20.6% 41,220 $516K
Ullmann Wealth Partners Group, LLC 0.05% No change 40,000 $501K
Morling Financial Advisors, LLC 0.16% Add +61.6% 39,600 $496K
Tiemann Investment Advisors, LLC 0.19% No change 39,081 $489K
Moneta Group Investment Advisors LLC 0.00% No change 38,399 $481K
Spire Wealth Management 0.02% Add +2.0% 37,617 $471K
Sei Investments Co. 0.00% Reduce -31.9% 37,230 $466K
CSS LLC 0.08% New 36,488 $457K
Global Retirement Partners, LLC 0.01% No change 35,029 $439K
Deutsche Bank AG 0.00% Reduce -90.9% 34,245 $429K
Neuberger Berman Group LLC 0.00% No change 32,630 $409K
PFG Investments, LLC 0.02% Reduce -7.8% 32,550 $408K
Commonwealth Equity Services, LLC 0.00% Add +18.4% 30,981 $388K
Eagle Global Advisors LLC 0.01% No change 30,600 $383K
Profund Advisors LLC 0.01% Add +47.0% 30,019 $376K
Mayfair Advisory Group, LLC 0.16% No change 30,000 $376K
Simplicity Wealth,LLC 0.02% No change 30,000 $376K
Wolverine Trading, LLC 0.01% Add +96.4% 29,176 $360K
Vanguard Personalized Indexing Management, LLC 0.00% Add +16.2% 28,236 $354K
Creative Planning 0.00% Add +4.1% 26,735 $335K
Bard Associates Inc. 0.08% No change 25,076 $314K
Avalon Capital Management 0.08% No change 25,000 $313K
Wells Fargo & Company 0.00% Add +22.3% 24,261 $304K
Benjamin Edwards Inc. 0.00% Reduce -0.7% 23,255 $291K
FNY Investment Advisers, LLC 0.09% New 23,000 $287K
Fiduciary Alliance LLC 0.02% Reduce -0.2% 22,687 $284K
Osaic Holdings, Inc. 0.00% Reduce -4.3% 24,180 $282K
Marshall Wace, LLP 0.00% New 22,400 $280K
Cetera Investment Advisers 0.00% Reduce -4.6% 22,033 $276K
Sheets Smith Wealth Management 0.03% New 21,975 $275K
Optimum Investment Advisors 0.11% No change 21,400 $268K
VestGen Advisors, LLC 0.01% New 21,400 $268K
Kiker Wealth Management, LLC 0.13% Add +623.9% 21,289 $267K
HighTower Advisors, LLC 0.00% Reduce -6.1% 21,096 $264K
Northwest & Ethical Investments L.P. 0.01% Reduce -74.2% 20,824 $261K
Cambridge Investment Research Advisors, Inc. 0.00% Reduce -55.8% 20,045 $251K
R Squared Ltd 0.11% New 20,040 $251K
Lighthouse Investment Partners, LLC 0.01% New 19,677 $246K
Jain Global LLC 0.00% New 19,531 $244K
Investment Partners Asset Management, Inc. 0.16% No change 19,347 $242K
Oppenheimer Asset Management Inc. 0.00% Reduce -5.6% 18,776 $235K
Public Sector Pension Investment Board 0.00% New 18,172 $228K
OneDigital Investment Advisors LLC 0.00% Reduce -10.1% 17,850 $223K
United Advisor Group, LLC 0.03% Add +6.4% 16,686 $209K
CTC Alternative Strategies, Ltd. 0.32% New 16,000 $200K
Fiduciary Trust Co 0.00% No change 15,410 $193K
HSBC Holdings PLC 0.00% Add +5.6% 15,121 $189K
Graham Capital Management, L.P. 0.01% New 13,025 $163K
Apollon Wealth Management, LLC 0.00% New 12,612 $158K
Swiss Life Asset Management Ltd 0.00% New 12,551 $157K
Nations Financial Group Inc, /Ia/ 0.01% Add +0.1% 12,514 $157K
Burford Brothers, Inc. 0.07% No change 12,449 $156K
Northern Trust Corp. 0.00% No change 12,054 $151K
Elevation Point Wealth Partners, LLC 0.01% Add +554.7% 12,000 $150K
Cherry Tree Wealth Management, LLC 0.03% Reduce -44.2% 12,000 $150K
Vestmark Advisory Solutions, Inc. 0.00% New 12,000 $150K
Tidal Investments LLC 0.00% New 11,032 $138K
Ameriprise Financial Inc. 0.00% No change 10,995 $138K
Keybank National Association 0.00% No change 10,881 $136K
CreativeOne Wealth, LLC 0.00% New 10,063 $126K
Evergreen Capital Management LLC 0.00% No change 10,000 $125K
Greatmark Investment Partners, Inc. 0.01% No change 10,000 $125K
BNP Paribas Financial Markets 0.00% Reduce -86.4% 9,169 $115K
Caitlin John, LLC 0.08% New 9,095 $114K
Tower Research Capital LLC (TRC) 0.00% Add +966.5% 7,967 $100K
CoreCap Advisors, LLC 0.00% Add +9.0% 6,041 $76K
Principal Securities, Inc. 0.00% No change 5,711 $72K
Shell Asset Management Co. 0.01% Reduce -71.6% 4,200 $53K
Evelyn Partners Investment Management (Europe) Ltd 0.02% No change 4,200 $53K
Rockefeller Capital Management L.P. 0.00% New 3,606 $45K
Wealthspire Advisors, LLC 0.00% New 3,500 $44K
Farther Finance Advisors, LLC 0.00% Add +10.7% 3,433 $43K
IFP Advisors, Inc 0.00% Add +1.2% 2,605 $33K
Blue Trust, Inc. 0.00% New 2,589 $32K
Huntington National Bank 0.00% Reduce -36.6% 2,250 $28K
Manchester Capital Management LLC 0.00% No change 2,208 $28K
Trust Co. of Toledo NA 0.00% No change 2,150 $27K
Arax Advisory Partners 0.00% No change 2,000 $25K
Steward Partners Investment Advisory, LLC 0.00% No change 1,946 $24K
Bank & Trust Co 0.02% No change 1,943 $24K
Wealth Preservation Advisors, LLC 0.01% No change 1,913 $24K
MAI Capital Management 0.00% No change 1,800 $23K
NewEdge Advisors, LLC 0.00% No change 1,736 $22K
Dunhill Financial, LLC 0.01% No change 1,250 $16K
Graney & King, LLC 0.01% No change 1,000 $13K
City Holding Co. 0.00% New 1,000 $13K
Geneos Wealth Management Inc. 0.00% No change 1,000 $13K
Coston, McIsaac & Partners 0.00% New 1,000 $12K
TD Waterhouse Canada Inc. 0.00% Reduce -49.7% 935 $11K
Tidemark, LLC 0.00% No change 800 $10K
Tradewinds Capital Management, LLC 0.00% Reduce -11.1% 800 $10K
Gen-Wealth Partners Inc 0.00% No change 700 $9K
Quadrant Capital Group LLC 0.00% New 700 $9K
Parvin Asset Management, LLC 0.01% Reduce -99.3% 600 $8K
Mather Group, Llc. 0.00% New 533 $7K
Allworth Financial LP 0.00% Reduce -66.3% 508 $6K
Vermillion & White Wealth Management Group, LLC 0.00% No change 500 $6K
AdvisorNet Financial, Inc 0.00% Reduce -50.0% 500 $6K
US Bancorp \de 0.00% No change 500 $6K
Groupe la Francaise 0.00% New 800 $6K
SWAN Capital LLC 0.00% No change 480 $6K
Horizon Bancorp Inc. 0.00% No change 478 $6K
Jones Financial Companies LLLP 0.00% Reduce -51.4% 425 $5K
Signaturefd, LLC 0.00% No change 412 $5K
Oakworth Capital, Inc. 0.00% No change 400 $5K
EverSource Wealth Advisors, LLC 0.00% Add +125.5% 372 $5K
Elevation Wealth Partners, LLC 0.00% New 250 $3K
Physician Wealth Advisors, Inc. 0.00% No change 250 $3K
SBI Securities Co., Ltd. 0.00% Reduce -3.9% 223 $3K
Dogwood Wealth Management LLC 0.00% New 136 $2K
CENTRAL TRUST Co 0.00% New 103 $1K
City State Bank 0.00% No change 100 $1K
Highline Wealth Partners LLC 0.00% New 50 $626
Assetmark, Inc. 0.00% No change 30 $376
Creekmur Asset Management LLC 0.00% No change 2 $31
Rhumbline Advisers 0.00% No change 2 $25
Optiver Holding B.V. 0.00% New 1 $13

"% of holder's portfolio" is SAND's weight in each manager's 13F, not the share of Sandstorm Gold Ltd. the manager owns.