EMX Royalty

EMX • AMEX

EMX Royalty is a industrial materials company in the basic materials sector on AMEX, led by Eric P. Jensen, with a market cap of $453.3M. As of Q3 2025, 15% of shares are held by 64 institutional investors, with SPROTT INC. as the largest holder at 5.05%.

CEOEric P. Jensen

Market Cap$453.3M

Industrial Materials

Basic Materials

Employees40.0

Websiteemxroyalty.com

Overview

Overview of institutional ownership in EMX as of Q3 2025 with a market cap of $560.9M

All Institutions

Institutions: 64
Value Held: $84.8M
Shares Held: 16.5M
Avg Position: $1.3M
Median Position: $233.1K

Hedge Funds

Hedge Funds: 10
Value Held: $12.1M
Shares Held: 2.4M
Avg Position: $1.2M
Median Position: $832.7K

Ownership Breakdown

Institutional (non-HF)

12.95%

$72.6M

Hedge Funds

2.17%

$12.1M

Retail & Other

84.89%

$476.2M

Based on market cap of $560.9M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in EMX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
S SPROTT INC. Institution	-	$28.3M 1.06% of portfolio	5.05% 5.5M shares	Q3 2017 Held for 8y 2m	$2.7B
M MEDICI CAPITAL LLC Institution	-	$14.4M 18.46% of portfolio	2.59% 2.8M shares	Q2 2024 Held for 1y 5m	$78.1M
Marshall Wace LLP Institution	Diana Lj Harrison President	$7.5M 0.01% of portfolio	1.33% 1.5M shares	Q2 2024 Held for 1y 5m	$90.3B
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$4.5M 0.00% of portfolio	0.80% 871.2K shares	Q1 2025 Held for 8 months	$158.92B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$4.3M 0.00% of portfolio	0.77% 835.8K shares	Q3 2019 Held for 6y 2m	$1.65T
U U S GLOBAL INVESTORS INC Institution	Frank Edward Holmes CEO	$2.6M 0.29% of portfolio	0.46% 500.0K shares	Q3 2018 Held for 7y 2m	$883.9M
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$2.3M 0.00% of portfolio	0.41% 443.7K shares	Q3 2025 Held for 2 months	$62.0B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.9M 0.00% of portfolio	0.35% 376.8K shares	Q3 2017 Held for 8y 2m	$1.33T
Euro Pacific Asset Management, LLC Long Only Manager	James Ryan Nelson Managing Partner	$1.8M 0.27% of portfolio	0.32% 345.8K shares	Q4 2019 Held for 5y 11m	$670.2M
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	William Dunning England CEO	$1.5M 0.01% of portfolio	0.27% 294.3K shares	Q2 2025 Held for 5 months	$11.2B

Net Capital Flow

Institutional buying and selling activity for EMX in Q3 2025

Traded: +$10.4M
Buyers: 38
Sellers: 28
Total Bought: +$18.5M
Total Sold: −$8.1M
Avg Position: $1.1M

Biggest Buyers

Institution	Net Bought	Current Position
M MEDICI CAPITAL LLC Institution	+$3.6M +709.3K shares	$14.4M 2.8M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$2.5M +489.5K shares	$4.5M 871.2K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$2.3M +443.7K shares	$2.3M 443.7K shares
K K2 PRINCIPAL FUND, L.P. Institution	+$1.0M +201.5K shares	$1.0M 201.5K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$987.3K +191.7K shares	$987.3K 191.7K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	+$951.7K +184.8K shares	$1.5M 294.3K shares
CWA Asset Management Group, LLC RIA/Wealth	+$870.9K +169.1K shares	$870.9K 169.1K shares
Marshall Wace LLP Institution	+$754.5K +146.5K shares	$7.5M 1.5M shares
BANK OF AMERICA CORP /DE/ Institution	+$567.8K +110.2K shares	$1.9M 376.8K shares
S Spears Abacus Advisors LLC Long Only Manager	+$566.5K +110.0K shares	$566.5K 110.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$2.2M −862.8K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$1.4M −279.9K shares	$4.3M 835.8K shares
M Man Group plc Institution	−$929.8K −368.9K shares	Sold Off 0 shares
S SPROTT INC. Institution	−$674.5K −131.0K shares	$28.3M 5.5M shares
P Privium Fund Management B.V. Institution	−$544.6K −217.0K shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$404.5K −78.7K shares	$678.2K 132.0K shares
E EverSource Wealth Advisors, LLC RIA/Wealth	−$371.3K −72.1K shares	$504.2K 97.9K shares
X XTX Topco Ltd Institution	−$366.1K −71.1K shares	$426.5K 82.8K shares
Euro Pacific Asset Management, LLC Long Only Manager	−$167.5K −32.5K shares	$1.8M 345.8K shares
Q Quadrature Capital Ltd Institution	−$145.8K −57.9K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited EMX in Q3 2025

New Positions: 20
New Value: $8.0M
Exited Positions: 13
Exited Value: $4.2M

New Positions

Institution	Position Value
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$2.3M 443.7K shares
K K2 PRINCIPAL FUND, L.P. Institution	$1.0M 201.5K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$987.3K 191.7K shares
CWA Asset Management Group, LLC RIA/Wealth	$870.9K 169.1K shares
S Spears Abacus Advisors LLC Long Only Manager	$566.5K 110.0K shares
Hillsdale Investment Management Inc. Long Only Manager	$471.2K 91.5K shares
IMC-Chicago, LLC RIA/Wealth	$279.5K 54.3K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$277.4K 53.9K shares
G GROUP ONE TRADING, L.P. Institution	$205.1K 39.8K shares
Quantbot Technologies LLC Hedge Fund•Quant	$202.2K 39.3K shares

Exited Positions

Institution	Previous Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.2M 862.8K shares
M Man Group plc Institution	$929.8K 368.9K shares
P Privium Fund Management B.V. Institution	$544.6K 217.0K shares
Q Quadrature Capital Ltd Institution	$145.8K 57.9K shares
Q Qube Research & Technologies Ltd Institution	$126.0K 50.0K shares
R Russell Investments Group, Ltd. RIA/Wealth	$71.8K 28.5K shares
Financial Advisors Network, Inc. RIA/Wealth	$69.5K 27.6K shares
V Virtu Financial LLC Institution	$69.4K 27.5K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	$40.4K 16.0K shares
Sage Investment Counsel LLC RIA/Wealth	$37.8K 15.0K shares

Options Activity

Institutions with the largest Call and Put options positions in EMX as of Q3 2025

Call Positions: 2
Call Value: $236.9K
Put Positions: 3
Put Value: $2.2M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$236.9K 460.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 2.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$960.0K 1.9K contracts
J JANE STREET GROUP, LLC Institution	$153.5K 298.0 contracts

Most Committed Institutions

Institutions with EMX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M MEDICI CAPITAL LLC Institution	-	18.46% $14.4M	2.59% 2.8M shares	Q2 2024 Held for 1y 5m	$78.1M
S SPROTT INC. Institution	-	1.06% $28.3M	5.05% 5.5M shares	Q3 2017 Held for 8y 2m	$2.7B
F Fort Hoosac Management, LLC Hedge Fund•Multi-Strategy	Paul Jerome Isaac President	0.73% $1.1M	0.19% 205.9K shares	Q1 2025 Held for 8 months	$145.9M
K K2 PRINCIPAL FUND, L.P. Institution	-	0.39% $1.0M	0.18% 201.5K shares	Q3 2025 Held for 2 months	$265.6M
U U S GLOBAL INVESTORS INC Institution	Frank Edward Holmes CEO	0.29% $2.6M	0.46% 500.0K shares	Q3 2018 Held for 7y 2m	$883.9M
Euro Pacific Asset Management, LLC Long Only Manager	James Ryan Nelson Managing Partner	0.27% $1.8M	0.32% 345.8K shares	Q4 2019 Held for 5y 11m	$670.2M
I INVESTMENT COUNSEL CO OF NEVADA Institution	-	0.20% $97.0K	0.02% 18.8K shares	Q4 2024 Held for 11 months	$49.1M
M Meixler Investment Management, Ltd. RIA/Wealth	Michael Charles Meixler CCO	0.16% $263.9K	0.05% 51.3K shares	Q4 2024 Held for 11 months	$163.0M
P Papamarkou Wellner Asset Management inc. Institution	-	0.15% $235.9K	0.04% 46.1K shares	Q4 2024 Held for 11 months	$161.6M
Caitlin John, LLC RIA/Wealth	Ronald John Briggs Owner	0.04% $63.1K	0.01% 12.3K shares	Q4 2023 Held for 1y 11m	$143.4M

Hedge Fund Spotlight

Discover hedge funds investing in EMX

EAGLE GLOBAL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerJohn Fernando Gualy

Portfolio Value: $2.6B
Positions: 275
Last Reported: Q3 2025

Sector Allocation

Position in EMX Royalty

Market Value: $502.1K
Shares Held: 97.5K
Portfolio Weight: 0.02%
Owned Since: 2024-Q4

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