Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ROYAL GOLD INC (RGLD)

714 + Investors. Track Smart Money conviction in RGLD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +85
Streak
9Q ▲
Buyers last Q
66%

Smart Money Signals — RGLD

Based on 690 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds added RGLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
690 hedge funds hold RGLD right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +43% more funds vs a year ago

fund count last 6Q
+206 new funds entered over the past year (+43% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 66% buying

465 buying237 selling
Last quarter: 465 funds were net buyers (161 opened a brand new position + 304 added to an existing one). Only 237 were sellers (161 trimmed + 76 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+51 vs last Q)

new funds entering per quarter
Funds opening a new RGLD position: 104 → 99 → 110 → 161. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 22% medium ■ 27% new
356 out of 690 hedge funds have held RGLD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

80 → 104 → 99 → 110 → 161 new funds/Q
New funds entering each quarter: 104 → 99 → 110 → 161. A growing number of institutions are discovering RGLD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 59% of holders stayed 2+ years

■ 59% veterans ■ 9% 1-2yr ■ 32% new
Of 714 current holders: 422 (59%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 55% AUM from top-100 funds

55% from top-100 AUM funds
45 of 690 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in RGLD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — RGLD

In 2025 Q4, 465 hedge funds were net buyers of RGLD (161 opened a new position, 304 added to an existing one), while 237 reduced or exited (161 trimmed, 76 sold completely) — a 66% buyer ratio, indicating clear institutional accumulation. This marks 9 consecutive quarters of net institutional buying — a persistent conviction signal. 55% of total institutional value in RGLD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +85 funds (more new holders than closures). Total institutional holders: 690.

Hedge Fund Ownership: RGLD

How many hedge funds hold RGLD — quarterly history vs. share price
Quarterly hedge fund ownership of RGLD vs. share price

Market Analysis: RGLD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RGLD

Basic Materials Gold

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

82 top-rated funds 11 high-conviction
Consensus
8.3
/ 10
breadth
×
Elite
5.3
/ 10
conviction
Hedge Fund Positioning: RGLD
2026 Q1 Stats Unlock in 6 days 714 + Investors

Track Smart Money conviction in RGLD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 714 636 12.26%
13F Shares 72M 63M 15.4%
Total Value $15.91B $12.41B 28.13%
New Positions 162 115 +47
Increased Positions 337 250 +87
Closed Positions 79 74 +5
Reduced Positions 201 225 -24
Total Calls 15 19 -21.05%
Total Puts 12 15 -20.0%
PUT/CALL Ratio 0.8 0.79 Neutral

Statistics: RGLD

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Institutional Holders (2026 Q1)

714 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in RGLD. Verified SEC 13F-HR filings.

Top 25 institutional holders of RGLD — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 McAlvany Wealth Management LLC 7.97% 49,626 $11.8M
2 HATCH COVE CAPITAL, LLC 7.09% 73,000 $18.6M
3 MUHLENKAMP & CO INC 5.89% 87,892 $22.4M
4 America First Investment Advisors, LLC 5.09% 107,269 $27.3M
5 GLOBAL STRATEGIC MANAGEMENT INC 4.69% 22,221 $5.6M
6 Euro Pacific Asset Management, LLC 4.16% 165,315 $42K
7 BARLOW WEALTH PARTNERS, LLC 3.35% 112,426 $30.1M
8 Ballast Asset Management, LP 2.98% 26,357 $6.7M
9 Orion Investment Co 2.41% 29,875 $7.6M
10 U S GLOBAL INVESTORS INC 2.41% 81,240 $20.7M
11 Meixler Investment Management, Ltd. 2.40% 17,019 $4.5M
12 Atlas Wealth Partners, LLC 2.16% 8,240 $2.1M
13 PRING TURNER CAPITAL GROUP INC 2.11% 15,769 $3.5M
14 Findlay Park Partners LLP 2.05% 576,930 $146.8M
15 Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 1.82% 4,020 $1.0M
16 NFJ INVESTMENT GROUP, LLC 1.60% 165,725 $42.2M
17 Kopernik Global Investors, LLC 1.53% 86,159 $21.9M
18 Oxbow Advisors, LLC 1.28% 59,250 $15.1M
19 Verity Asset Management, Inc. 1.21% 11,345 $2.9M
20 A. D. Beadell Investment Counsel, Inc. 1.18% 7,277 $2K
21 SPROTT INC. 1.12% 151,097 $38.5M
22 BCS Wealth Management 1.07% 20,679 $5.3M
23 BARD ASSOCIATES INC 0.90% 14,064 $3.6M
24 WJ Financial Advisors LLC 0.88% 4,288 $1.1M
25 CENTRAL VALLEY ADVISORS, LLC 0.70% 10,088 $2.6M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — ROYAL GOLD INC (RGLD)

What does the Smart Money Trend signal show for RGLD?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added RGLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for RGLD?

More buyers than sellers — 66% buying: Last quarter: 465 funds were net buyers (161 opened a brand new position + 304 added to an existing one). Only 237 were sellers (161 trimmed + 76 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for RGLD holders?

Elite ownership — 55% AUM from top-100 funds: 45 of 690 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in RGLD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held RGLD?

52% of holders stayed for 2+ years: 356 out of 690 hedge funds have held RGLD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.