Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Royal Gold Inc (RGLD)

790 + 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
↑ +70
Streak
10Q ▲
Buyers last Q
57%

Smart Money Signals — RGLD

Based on 797 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 10 quarters in a row

last 6Q
For 10 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
797 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 — +44% more funds vs a year ago

fund count last 6Q
+244 new funds entered over the past year (+44% 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.
🟡

Slight buying edge — 57% buying

441 buying327 selling
Last quarter: 441 funds bought or added vs 327 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-32 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 102 → 114 → 168 → 136. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 23% medium ■ 26% new
402 out of 797 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

112 → 102 → 114 → 168 → 136 new funds/Q
New funds entering each quarter: 102 → 114 → 168 → 136. A growing number of institutions are discovering RGLD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 57% veterans vs 32% newcomers

■ 57% veterans ■ 11% 1-2yr ■ 32% new
Entry-cohort mix of 828 holders: 474 (57%) are 2+ year veterans, 88 entered 1–2 years ago, and 266 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
62 of 795 holders are among the 100 largest funds by AUM, controlling 50% 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.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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 2026 Q1, 441 hedge funds were net buyers of RGLD (136 opened a new position, 305 added to an existing one), while 327 reduced or exited (261 trimmed, 66 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 10 consecutive quarters of net institutional buying — a persistent conviction signal. 50% of total institutional value in RGLD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +70 funds (more new holders than closures). Total institutional holders: 797.

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

-- --

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

Is It Too Late to Buy Royal Gold Inc (RGLD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much RGLD has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 85d ago
RGLD
-18.8%
SPY
+14.9%

RGLD outperformed SPY by -33.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
RGLD
-9.5%
SPY
+1.1%

Since the filing became public, RGLD outperformed SPY by -10.6% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

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

41 top-rated funds 13 high-conviction
Consensus
7.0
/ 10
breadth
×
Elite
3.7
/ 10
conviction
Hedge Fund Positioning: RGLD
790 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 790 727 8.67%
13F Shares 71M 73M -3.12%
Total Value $16.96B $16.11B 5.29%
New Positions 131 168 -37
Increased Positions 296 311 -15
Closed Positions 68 81 -13
Reduced Positions 254 163 +91
Total Calls 18 15 20.0%
Total Puts 15 12 25.0%
PUT/CALL Ratio 0.83 0.8 Neutral

Statistics: RGLD

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Institutional Holders (2026 Q1)

790 + investors

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

QUARTER:
Top 25 RGLD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Extract Advisors LLC 10.67% 120,332 $30.6M
2 McAlvany Wealth Management LLC 7.97% 49,626 $11.8M
3 Knoll Capital Management, LLC 7.45% 52,750 $13.4M
4 Hatch Cove Capital, LLC 7.09% 73,000 $18.6M
5 Muhlenkamp & Co Inc 5.89% 87,892 $22.4M
6 America First Investment Advisors, LLC 5.09% 107,269 $27.3M
7 Global Strategic Management Inc 4.69% 22,221 $5.6M
8 Flax Pond Capital, LLC 3.76% 18,340 $4.7M
9 Barlow Wealth Partners, LLC 3.35% 112,426 $30.1M
10 Ballast Asset Management, LP 2.98% 26,357 $6.7M
11 Thomist Capital Management, LP 2.55% 37,262 $9.5M
12 Quantessence Capital LLC 2.50% 2,014 $513K
13 Orion Investment Co 2.41% 29,875 $7.6M
14 U S Global Investors Inc 2.41% 81,240 $20.7M
15 Meixler Investment Management, Ltd. 2.40% 17,019 $4.5M
16 Atlas Wealth Partners, LLC 2.16% 8,240 $2.1M
17 Pring Turner Capital Group Inc 2.11% 15,769 $3.5M
18 BankChampaign, National Association 2.05% 8,119 $2.1M
19 Findlay Park Partners LLP 2.05% 576,930 $146.8M
20 Parvin Asset Management, LLC 1.99% 10,855 $2.8M
21 Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 1.82% 4,020 $1.0M
22 Nfj Investment Group, LLC 1.60% 165,725 $42.2M
23 Kopernik Global Investors, LLC 1.53% 86,159 $21.9M
24 Oxbow Advisors, LLC 1.28% 59,250 $15.1M
25 Verity Asset Management, Inc. 1.21% 11,345 $2.9M
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 — 10 quarters in a row: For 10 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?

Slight buying edge — 57% buying: Last quarter: 441 funds bought or added vs 327 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for RGLD holders?

Elite ownership — 50% AUM from top-100 funds: 62 of 795 holders are among the 100 largest funds by AUM, controlling 50% 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?

50% of holders stayed for 2+ years: 402 out of 797 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.

Is it too late to buy Royal Gold Inc (RGLD) following the 2026 Q1 hedge fund 13F filings?

As of today, RGLD has moved -9.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -10.6%. Since the quarter end (March 31, 2026), RGLD has gained -18.8% vs +14.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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