Sandstorm Gold
SAND • NYSE
Sandstorm Gold is a gold company in the basic materials sector on NYSE, led by Nolan Watson, with a market cap of $3.6B. As of Q3 2025, 64% of shares are held by 265 institutional investors, with Capital International Investors as the largest holder at 8.54%.
CEONolan Watson
Overview
Overview of institutional ownership in SAND as of Q3 2025 with a market cap of $3.7B
All Institutions
- Institutions
- 265
- Value Held
- $2.3B
- Shares Held
- 187.0M
- Avg Position
- $8.8M
- Median Position
- $885.7K
Hedge Funds
- Hedge Funds
- 43
- Value Held
- $631.8M
- Shares Held
- 50.5M
- Avg Position
- $14.7M
- Median Position
- $3.0M
Ownership Breakdown
Based on market cap of $3.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in SAND as of Q3 2025
| Institution | Position Value |
|---|---|
C Capital International Investors Institution | $313.3M 0.05% of portfolio |
 VAN ECK ASSOCIATES CORP ETF Provider | $298.2M 0.31% of portfolio |
 Invesco Ltd. ETF Provider | $132.0M 0.02% of portfolio |
 ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant | $104.6M 0.07% of portfolio |
 BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | $94.6M 0.20% of portfolio |
 GOLDMAN SACHS GROUP INC Institution | $93.9M 0.01% of portfolio |
 CNH PARTNERS LLC Hedge Fund•Multi-Strategy | $75.9M 2.82% of portfolio |
O OMERS ADMINISTRATION Corp Institution | $73.9M 0.53% of portfolio |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | $62.8M 0.05% of portfolio |
 DIMENSIONAL FUND ADVISORS LP Long Only Manager | $49.8M 0.01% of portfolio |
Net Capital Flow
Institutional buying and selling activity for SAND in Q3 2025
- Net Flow
- −$165.9M
- Buyers
- 73
- Sellers
- 115
- Total Bought
- +$519.5M
- Total Sold
- −$685.4M
- Avg Position
- $7.8M
Biggest Buyers
| Institution | Net Bought |
|---|---|
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | +$93.9M +7.5M shares |
GOLDMAN SACHS GROUP INC Institution | +$78.0M +6.2M shares |
VAN ECK ASSOCIATES CORP ETF Provider | +$65.2M +5.2M shares |
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant | +$46.0M +3.7M shares |
 VANGUARD GROUP INC Institution | +$45.3M +3.6M shares |
 ALLIANCEBERNSTEIN L.P. Long Only Manager | +$42.4M +3.4M shares |
 CITIGROUP INC Institution | +$20.4M +1.6M shares |
 BANK OF AMERICA CORP /DE/ Institution | +$19.5M +1.6M shares |
Q Qube Research & Technologies Ltd Institution | +$14.8M +1.2M shares |
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | +$11.5M +918.9K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
O Orion Resource Partners LP Private Equity | −$196.3M −20.9M shares |
 Robeco Investment Management, Inc. Long Only Manager | −$61.5M −4.8M shares |
 CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds | −$42.9M −4.6M shares |
 TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy | −$39.2M −3.1M shares |
S SPROTT INC. Institution | −$37.8M −3.0M shares |
 MORGAN STANLEY RIA/Wealth | −$30.0M −2.4M shares |
 HORIZON KINETICS ASSET MANAGEMENT LLC Long Only Manager | −$29.7M −2.4M shares |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | −$26.0M −2.1M shares |
 RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant | −$21.7M −1.7M shares |
 Hillsdale Investment Management Inc. Long Only Manager | −$20.1M −2.1M shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited SAND in Q3 2025
- New Positions
- 46
- New Value
- $311.9M
- Exited Positions
- 42
- Exited Value
- $371.3M
New Positions
| Institution | Position Value |
|---|---|
CNH PARTNERS LLC Hedge Fund•Multi-Strategy | $75.9M 6.1M shares |
 ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb | $47.2M 3.8M shares |
G Grantham, Mayo, Van Otterloo & Co. LLC Long Only Manager | $27.3M 2.2M shares |
 Magnetar Financial LLC Hedge Fund•Multi-Strategy | $27.2M 2.2M shares |
A Absolute Gestao de Investimentos Ltda. Institution | $24.5M 2.0M shares |
 GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | $21.7M 1.7M shares |
P PICTON MAHONEY ASSET MANAGEMENT Institution | $11.9M 953.6K shares |
 Kintayl Capital LP Hedge Fund•Long/Short | $11.6M 930.3K shares |
A ABC ARBITRAGE SA Institution | $7.4M 587.8K shares |
 NEW YORK LIFE INVESTMENT MANAGEMENT LLC Long Only Manager | $7.3M 582.9K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
O Orion Resource Partners LP Private Equity | $196.3M 20.9M shares |
Robeco Investment Management, Inc. Long Only Manager | $61.5M 4.8M shares |
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds | $42.9M 4.6M shares |
Hillsdale Investment Management Inc. Long Only Manager | $20.1M 2.1M shares |
 VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy | $7.4M 786.8K shares |
U U S GLOBAL INVESTORS INC Institution | $6.6M 699.7K shares |
 INTACT INVESTMENT MANAGEMENT INC. Private Equity | $5.9M 629.0K shares |
 SummitTX Capital, L.P. Hedge Fund•Multi-Strategy | $5.8M 612.3K shares |
 PDT Partners, LLC Hedge Fund•Quant | $4.7M 501.4K shares |
 FMR LLC Institution | $3.2M 339.6K shares |
Options Activity
Institutions with the largest Call and Put options positions in SAND as of Q3 2025
- Call Positions
- 10
- Call Value
- $22.3M
- Put Positions
- 9
- Put Value
- $13.0M
Call Positions
| Institution | Position Value |
|---|---|
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $12.6M 10.1K contracts |
P PEAK6 LLC Institution | $4.4M 3.5K contracts |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $2.8M 2.2K contracts |
W WOLVERINE TRADING, LLC Institution | $1.0M 820.0 contracts |
S SIG North Trading, ULC Institution | $447.0K 357.0 contracts |
C Cubist Systematic Strategies, LLC Institution | $428.2K 342.0 contracts |
J JANE STREET GROUP, LLC Institution | $384.4K 307.0 contracts |
 CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro | $298.0K 238.0 contracts |
 Caption Management, LLC Hedge Fund•Long/Short | - - contracts |
 Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $3.6M 2.9K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $3.5M 2.8K contracts |
P PEAK6 LLC Institution | $3.0M 2.4K contracts |
S Squarepoint Ops LLC Hedge Fund•Quant | $883.9K 706.0 contracts |
S SIG North Trading, ULC Institution | $733.7K 586.0 contracts |
W WOLVERINE TRADING, LLC Institution | $644.7K 522.0 contracts |
J JANE STREET GROUP, LLC Institution | $636.0K 508.0 contracts |
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | - - contracts |
BANK OF AMERICA CORP /DE/ Institution | - - contracts |
Most Committed Institutions
Institutions with SAND as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
Kintayl Capital LP Hedge Fund•Long/Short | 7.99% $11.6M |
K Knoll Capital Management, LP Institution | 4.70% $8.8M |
 Spark Investment Management LLC Hedge Fund•Multi-Strategy | 3.52% $1.4M |
A Absolute Gestao de Investimentos Ltda. Institution | 3.24% $24.5M |
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb | 2.88% $47.2M |
CNH PARTNERS LLC Hedge Fund•Multi-Strategy | 2.82% $75.9M |
A ARP AMERICAS LLC Hedge Fund•Long/Short | 1.78% $9.7M |
 Kopernik Global Investors, LLC Hedge Fund•Long/Short | 1.62% $19.9M |
C CREDIT INDUSTRIEL ET COMMERCIAL Institution | 1.57% $6.9M |
G GARDNER LEWIS ASSET MANAGEMENT L P Hedge Fund•Multi-Strategy | 1.53% $5.8M |
Hedge Fund Spotlight
Discover hedge funds investing in SAND
WOLVERINE ASSET MANAGEMENT LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerChristopher Lazarus Gust
- Portfolio Value
- $1.5B
- Positions
- 859
- Last Reported
- Q3 2025
Sector Allocation
Position in Sandstorm Gold
- Market Value
- $2.0M
- Shares Held
- 160.5K
- Portfolio Weight
- 0.14%
- Owned Since
- 2025-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Medical - Healthcare Information Services Healthcare | $56.2M | 3.82% | |
ETF ETF | $36.0M | 2.45% | |
Unknown Unknown | $26.9M | 1.83% |
