Renaissance Technologies's SAND Position Overview
Renaissance Technologies (via Renaissance Technologies LLC) currently holds 1.63 M shares of Sandstorm Gold Ltd. (SAND) worth $20.35 M, representing 0.03% of the portfolio. First purchased in 2013-Q4, this long-term strategic position has been held for 48 quarters.
Based on 13F filings since 2013, Renaissance Technologies has maintained a long-term strategic position in SAND, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2019, adding 1.68 M shares. Largest reduction occurred in Q3 2025, reducing 1.73 M shares.
Analysis based on 13F filings available since 2013 Q2
Renaissance Technologies's Sandstorm Gold (SAND) Holding Value Over Time
Track share changes against reported price movement
Quarterly Sandstorm Gold (SAND) Trades by Renaissance Technologies
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2013 | +356,400 | New Buy | 356,400 | $4.27 |
| Q1 2014 | +715,000 | Add 200.62% | 1.07 M | $5.57 |
| Q2 2014 | +67,500 | Add 6.30% | 1.14 M | $6.92 |
| Q3 2014 | -385,200 | Reduce 33.82% | 753,700 | $4.30 |
| Q4 2014 | +242,100 | Add 32.12% | 995,800 | $3.40 |
| Q1 2015 | -500 | Reduce 0.05% | 995,300 | $3.28 |
| Q2 2015 | +165,400 | Add 16.62% | 1.16 M | $2.94 |
| Q3 2015 | +401,900 | Add 34.63% | 1.56 M | $2.67 |
| Q4 2015 | +374,600 | Add 23.97% | 1.94 M | $2.63 |
| Q1 2016 | +1.05 M | Add 54.31% | 2.99 M | $3.29 |
| Q2 2016 | -616,745 | Reduce 20.63% | 2.37 M | $4.46 |
| Q3 2016 | -952,900 | Reduce 40.16% | 1.42 M | $5.03 |
| Q4 2016 | -1.11 M | Reduce 77.98% | 312,600 | $3.91 |
| Q1 2017 | -312,600 | Sold Out | 312,600 | $0.00 |
| Q1 2018 | +220,200 | New Buy | 220,200 | $4.76 |
| Q2 2018 | +125,000 | Add 56.77% | 345,200 | $4.50 |
| Q3 2018 | +90,507 | Add 26.22% | 435,707 | $3.73 |
| Q4 2018 | -435,707 | Sold Out | 435,707 | $0.00 |
| Q1 2019 | +136,800 | New Buy | 136,800 | $5.48 |
| Q2 2019 | +463,440 | Add 338.77% | 600,240 | $5.54 |
| Q3 2019 | +1.68 M | Add 280.46% | 2.28 M | $5.64 |
| Q4 2019 | +33,910 | Add 1.48% | 2.32 M | $7.45 |
| Q1 2020 | +1.12 M | Add 48.38% | 3.44 M | $5.01 |
| Q2 2020 | +562,300 | Add 16.35% | 4 M | $9.62 |
| Q3 2020 | -410,700 | Reduce 10.26% | 3.59 M | $8.44 |
| Q4 2020 | +90,500 | Add 2.52% | 3.68 M | $7.17 |
| Q1 2021 | +813,840 | Add 22.11% | 4.49 M | $6.80 |
| Q2 2021 | -1.71 M | Reduce 38.08% | 2.78 M | $7.89 |
| Q3 2021 | -56,400 | Reduce 2.03% | 2.73 M | $5.76 |
| Q4 2021 | -260,483 | Reduce 9.55% | 2.47 M | $6.20 |
| Q1 2022 | +62,683 | Add 2.54% | 2.53 M | $8.08 |
| Q2 2022 | +464,400 | Add 18.36% | 2.99 M | $5.95 |
| Q3 2022 | -146,900 | Reduce 4.91% | 2.85 M | $5.17 |
| Q4 2022 | +477,100 | Add 16.76% | 3.32 M | $0.01 |
| Q1 2023 | -1.2 M | Reduce 36.11% | 2.12 M | $0.01 |
| Q2 2023 | -786,300 | Reduce 37.03% | 1.34 M | $0.01 |
| Q3 2023 | -330,300 | Reduce 24.70% | 1.01 M | $4.66 |
| Q4 2023 | +73,100 | Add 7.26% | 1.08 M | $5.03 |
| Q1 2024 | -720,800 | Reduce 66.73% | 359,300 | $5.25 |
| Q2 2024 | +113,500 | Add 31.59% | 472,800 | $5.44 |
| Q3 2024 | +209,750 | Add 44.36% | 682,550 | $6.00 |
| Q4 2024 | +786,951 | Add 115.30% | 1.47 M | $5.58 |
| Q1 2025 | +556,899 | Add 37.90% | 2.03 M | $7.55 |
| Q2 2025 | +1.33 M | Add 65.58% | 3.36 M | $9.40 |
| Q3 2025 | -1.73 M | Reduce 51.55% | 1.63 M | $12.52 |
Renaissance Technologies's Sandstorm Gold Investment FAQs
Renaissance Technologies first purchased Sandstorm Gold Ltd. (SAND) in Q4 2013, acquiring 356,400 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Renaissance Technologies has held Sandstorm Gold Ltd. (SAND) for 48 quarters since Q4 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Renaissance Technologies's largest addition to Sandstorm Gold Ltd. (SAND) was in Q3 2019, adding 2,283,700 shares worth $12.89 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Renaissance Technologies's firm, Renaissance Technologies LLC, owns 1,625,700 shares of Sandstorm Gold Ltd. (SAND), valued at approximately $20.35 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Sandstorm Gold Ltd. (SAND) represents approximately 0.03% of Renaissance Technologies's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Renaissance Technologies's peak holding in Sandstorm Gold Ltd. (SAND) was 4,494,840 shares, as reported at the end of Q1 2021. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.