Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Wheaton Precious Metals Corp (WPM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +53
Streak
8Q ▲
Buyers last Q
52%

Smart Money Signals — WPM

Based on 849 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 8 quarters in a row

last 6Q
For 8 consecutive quarters, more hedge funds added WPM 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
849 hedge funds hold WPM 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 — +31% more funds vs a year ago

fund count last 6Q
+200 new funds entered over the past year (+31% 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 — 52% buying

421 buying383 selling
Last quarter: 421 funds bought or added vs 383 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.
➡️

Steady new buyers — ~134 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 87 → 114 → 133 → 134. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 23% medium ■ 25% new
443 out of 849 hedge funds have held WPM 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

95 → 87 → 114 → 133 → 134 new funds/Q
New funds entering each quarter: 87 → 114 → 133 → 134. A growing number of institutions are discovering WPM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 56% veterans vs 31% newcomers

■ 56% veterans ■ 13% 1-2yr ■ 31% new
Entry-cohort mix of 888 holders: 500 (56%) are 2+ year veterans, 112 entered 1–2 years ago, and 276 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 58% AUM from top-100 funds

58% from top-100 AUM funds
60 of 843 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in WPM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — 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 — WPM

In 2026 Q1, 421 hedge funds were net buyers of WPM (134 opened a new position, 287 added to an existing one), while 383 reduced or exited (302 trimmed, 81 sold completely) — a 52% buyer ratio, indicating a slight buying edge. This marks 8 consecutive quarters of net institutional buying — a persistent conviction signal. 58% of total institutional value in WPM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +53 funds (more new holders than closures). Total institutional holders: 849.

Hedge Fund Ownership: WPM

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

Market Analysis: WPM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WPM

-- --

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

Is It Too Late to Buy Wheaton Precious Metals Corp (WPM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much WPM 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 · 75d ago
WPM
-11.4%
SPY
+14.1%

WPM outperformed SPY by -25.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
WPM
-10.8%
SPY
+0.3%

Since the filing became public, WPM outperformed SPY by -11.1% .

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.

49 top-rated funds 21 high-conviction
Consensus
7.4
/ 10
breadth
×
Elite
5.1
/ 10
conviction
Hedge Fund Positioning: WPM
842 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 842 796 5.78%
13F Shares 283M 295M -4.18%
Total Value $34.76B $34.51B 0.71%
New Positions 132 133 -1
Increased Positions 277 273 +4
Closed Positions 86 82 +4
Reduced Positions 291 248 +43
Total Calls 23 20 15.0%
Total Puts 22 21 4.76%
PUT/CALL Ratio 0.96 1.05 Neutral

Statistics: WPM

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Institutional Holders (2026 Q1)

842 + investors

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

QUARTER:
Top 25 WPM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Moerus Capital Management LLC 11.35% 234,645 $30.7M
2 Dudley & Shanley, INC. 9.85% 459,385 $60.2M
3 Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 9.38% 40,210 $5.3M
4 Hatch Cove Capital, LLC 5.99% 119,800 $15.7M
5 Medici Capital LLC 5.81% 36,000 $4.7M
6 Arrow Capital Pty Ltd 4.64% 37,500 $4.6M
7 Dixon Mitchell Investment Counsel Inc. 4.24% 929,304 $121.9M
8 Mad River Investors 4.21% 89,271 $11.7M
9 Klein Pavlis & Peasley Financial, INC. 3.98% 54,940 $7.2M
10 Global Strategic Management Inc 3.95% 36,349 $4.8M
11 Turning Point Benefit Group, Inc. 3.57% 56,707 $5.6M
12 O'Domhnaill Enterprises, Inc. 3.35% 31,690 $4.2M
13 Sprott INC. 3.33% 873,752 $114.6M
14 Addenda Capital Inc. 3.18% 617,307 $112.9M
15 Capstone Wealth Management Group LLC 3.06% 37,960 $5.0M
16 Pring Turner Capital Group Inc 2.90% 40,942 $4.8M
17 Atlas Wealth Partners, LLC 2.87% 21,246 $2.8M
18 Extract Advisors LLC 2.74% 60,090 $7.9M
19 EagleClaw Capital Managment, LLC 2.73% 148,889 $19.5M
20 McAlvany Wealth Management LLC 2.64% 31,707 $3.9M
21 Stack Financial Management, Inc 2.56% 266,163 $34.9M
22 Mufg Securities (canada), LTD. 2.54% 673,474 $88.2M
23 Horizon Kinetics Asset Management LLC 2.50% 1,761,519 $230.8M
24 First Eagle Investment Management, LLC 2.45% 14,156,511 $1.85B
25 Skerryvore Asset Management Ltd 2.21% 19,500 $2.7M
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 — Wheaton Precious Metals Corp (WPM)

What does the Smart Money Trend signal show for WPM?

Buying streak — 8 quarters in a row: For 8 consecutive quarters, more hedge funds added WPM 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 WPM?

Slight buying edge — 52% buying: Last quarter: 421 funds bought or added vs 383 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 WPM holders?

Elite ownership — 58% AUM from top-100 funds: 60 of 843 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in WPM. 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 WPM?

52% of holders stayed for 2+ years: 443 out of 849 hedge funds have held WPM 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 Wheaton Precious Metals Corp (WPM) following the 2026 Q1 hedge fund 13F filings?

As of today, WPM has moved -10.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -11.1%. Since the quarter end (March 31, 2026), WPM has gained -11.4% vs +14.1% 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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