Royal Gold Inc: which funds bought and sold

Institutions that bought and sold Royal Gold shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 362 institutions that filed 13F reports for both quarters added to or opened positions in Royal Gold, and 390 cut or closed them. Together they added a net 365K shares, +0.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 288K shares (−1.4%); index fund managers were net buyers of 846K shares (+3.3%). 72 opened a new position and 122 sold out entirely.

Bought, Q2 2026 362 institutions, 72 of them new holders Sold, Q2 2026 390 institutions, 122 of them sold out

Net change, all compared +365K shares (+0.5%)

Net change, active managers −288K shares (−1.4%), 36 bought, 39 sold

Buyers versus sellers

institutions compared, 869

362 bought 117 390 sold

Active managers and hedge funds 36 bought · 39 sold · −288K

Index fund managers 12 bought · 0 sold · +846K

Other institutions 314 bought · 351 sold · −193K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
First Eagle Investment Management, LLC Active manager	+806K +87.8%	1.7M	$344M
UBS Group AG	+788K +183.4%	1.2M	$243M
Capital Research Global Investors Active manager	+596K +69.6%	1.5M	$290M
Blackrock, Inc. Index funds	+438K +4.2%	10.9M	$2.2B
State Street Corp Index funds	+304K +8.4%	3.9M	$779M
Nuveen, LLC	+259K +54.1%	737K	$147M
AQR Capital Management LLC Hedge fund	+237K +29.3%	1.0M	$208M
D. E. Shaw & Co., Inc. Hedge fund	+210K +970.2%	232K	$46.2M
Citadel Advisors LLC Hedge fund	+166K +176.6%	259K	$51.8M
Renaissance Technologies LLC Hedge fund	+149K +179.1%	233K	$46.5M
Kopernik Global Investors, LLC Active manager	+129K +149.5%	215K	$42.9M
Jane Street Group, LLC	+127K +79.5%	286K	$57.2M
Qube Research & Technologies Ltd Hedge fund	+115K +19.4%	705K	$141M
ING Groep NV	+101K New position	101K	$20.1M
Federated Hermes, Inc. Active manager	+88K +1500.9%	94K	$18.8M
Ninety One Uk Ltd	+82K +17.1%	564K	$113M
BNP Paribas Asset Management Holding S.A.	+74K +14.3%	594K	$118M
Schroder Investment Management Group Active manager	+72K +56.0%	202K	$40.8M
Compagnie Lombard Odier Scma	+49K +43.2%	163K	$32.6M
Goldman Sachs Group Inc	+45K +10.4%	475K	$94.8M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
First Eagle Investment Management, LLC Active manager	+806K +87.8%	1.7M	$344M
Capital Research Global Investors Active manager	+596K +69.6%	1.5M	$290M
AQR Capital Management LLC Hedge fund	+237K +29.3%	1.0M	$208M
D. E. Shaw & Co., Inc. Hedge fund	+210K +970.2%	232K	$46.2M
Citadel Advisors LLC Hedge fund	+166K +176.6%	259K	$51.8M
Renaissance Technologies LLC Hedge fund	+149K +179.1%	233K	$46.5M
Kopernik Global Investors, LLC Active manager	+129K +149.5%	215K	$42.9M
Qube Research & Technologies Ltd Hedge fund	+115K +19.4%	705K	$141M
Federated Hermes, Inc. Active manager	+88K +1500.9%	94K	$18.8M
Schroder Investment Management Group Active manager	+72K +56.0%	202K	$40.8M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Capital World Investors Active manager	−1.2M −11.3%	9.3M	$1.9B
Arrowstreet Capital, Limited Partnership Hedge fund	−717K Sold out	0	—
Capital International Investors Active manager	−417K −42.5%	563K	$112M
Van Eck Associates Corp	−274K −8.6%	2.9M	$585M
Millennium Management LLC Hedge fund	−217K −35.3%	397K	$79.3M
Price T Rowe Associates Inc Active manager	−196K −57.6%	144K	$28.8M
Invesco Ltd.	−177K −7.9%	2.1M	$413M
Nfj Investment Group, LLC	−166K Sold out	0	—
Dimensional Fund Advisors LP	−112K −11.8%	837K	$167M
Natixis	−111K −78.2%	31K	$6.2M
Morgan Stanley	−103K −11.0%	828K	$165M
HRT Financial LP	−89K −63.9%	51K	$10.1M
Susquehanna International Group, LLP	−83K −60.9%	53K	$10.6M
Capitolis Liquid Global Markets LLC	−80K Sold out	0	—
U S Global Investors Inc	−80K −98.5%	1,255	$250,511
AGF Management Ltd	−73K Sold out	0	—
Los Angeles Capital Management LLC Active manager	−66K −98.3%	1,124	$224,362
Hatch Cove Capital, LLC	−65K −89.6%	7,600	$1.5M
Amundi	−65K −32.9%	133K	$26.5M
FMR LLC Active manager	−64K −7.4%	795K	$159M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Capital World Investors Active manager	−1.2M −11.3%	9.3M	$1.9B
Arrowstreet Capital, Limited Partnership Hedge fund	−717K Sold out	0	—
Capital International Investors Active manager	−417K −42.5%	563K	$112M
Millennium Management LLC Hedge fund	−217K −35.3%	397K	$79.3M
Price T Rowe Associates Inc Active manager	−196K −57.6%	144K	$28.8M
Los Angeles Capital Management LLC Active manager	−66K −98.3%	1,124	$224,362
FMR LLC Active manager	−64K −7.4%	795K	$159M
Walleye Capital LLC Hedge fund	−38K −70.0%	16K	$3.2M
Engineers Gate Manager LP Hedge fund	−37K Sold out	0	—
Squarepoint Ops LLC Hedge fund	−32K −11.6%	245K	$48.8M

New positions

largest by value

Institution	Shares	Value June 30, 2026
ING Groep NV	101K	$20.1M
Worldquant Millennium Advisors LLCHedge fund	19K	$3.8M
Pacific Capital Partners Ltd	17K	$3.4M
Summittx Capital, L.P.	14K	$2.8M
Qsemble Capital Management, LP	14K	$2.8M
Elo Mutual Pension Insurance Co	13K	$2.6M
Allstate Corp	11K	$2.3M
Zurich Insurance Group Ltd	8,200	$1.6M
Diametric Capital, LP	7,828	$1.6M
Twinbeech Capital LP	6,551	$1.3M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Arrowstreet Capital, Limited PartnershipHedge fund	717K	$183M
Nfj Investment Group, LLC	166K	$42.2M
Capitolis Liquid Global Markets LLC	80K	$20.4M
AGF Management Ltd	73K	$18.7M
Thomist Capital Management, LP	37K	$9.5M
Engineers Gate Manager LPHedge fund	37K	$9.3M
Bi Asset Management Fondsmaeglerselskab A/S	28K	$7.2M
Healthcare Of Ontario Pension Plan Trust Fund	22K	$5.5M
Fulcrum Asset Management LLP	18K	$4.2M
Assenagon Asset Management S.A.	12K	$3M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 762
Ten largest holders: 58.5%
Index fund managers: 37.3%
Active managers and hedge funds: 28.9%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	36	39	4	10	−288K	−1.4%
Index fund managers	12	0	0	0	+846K	+3.3%
Other institutions	314	351	68	112	−193K	−0.8%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Royal Gold.

Only managers that filed a holdings report for both quarters are compared (869 here). 26 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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