Royal Gold, Inc.
US ˙ NasdaqGS ˙ US7802871084

SecurityRGLD / Royal Gold, Inc.
InstitutionCwm, Llc
Latest Disclosed Ownership28,177 shares
Latest Disclosed Value $ 7,170,658
Cwm, Llc reports 4.22% increase in ownership of RGLD / Royal Gold, Inc.

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 28,177 shares of Royal Gold, Inc. (US:RGLD) valued at $7,170,765 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 27,036 shares of Royal Gold, Inc.. This represents a change in shares of 4.22% during the quarter. The current value of the position is $6,108,492 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F ROYAL GOLD COM 780287108 28,177 1,141 4.22 7,171 119,400.00 0.0188
2026-01-26 2025-12-31 13F ROYAL GOLD COM 780287108 27,036 2,154 8.66 6 50.00 0.0163
2025-10-15 2025-09-30 13F ROYAL GOLD COM 780287108 24,882 -15,780 -38.81 5 -42.86 0.0150
2025-07-25 2025-06-30 13F ROYAL GOLD COM 780287108 40,662 6,914 20.49 7 40.00 0.0255
2025-05-01 2025-03-31 13F ROYAL GOLD COM 780287108 33,748 16,149 91.76 6 150.00 0.0220
2025-02-04 2024-12-31 13F ROYAL GOLD COM 780287108 17,599 3,225 22.44 2 0.00 0.0096
2024-10-08 2024-09-30 13F ROYAL GOLD COM 780287108 14,374 8,227 133.84 2 0.0087
2024-07-10 2024-06-30 13F ROYAL GOLD COM 780287108 6,147 2,324 60.79 1 0.0036
2024-04-05 2024-03-31 13F ROYAL GOLD COM 780287108 3,823 1,936 102.60 0 0.0023
2024-02-01 2023-12-31 13F ROYAL GOLD COM 780287108 1,887 -302 -13.80 0 0.0012
2023-10-11 2023-09-30 13F ROYAL GOLD COM 780287108 2,189 669 44.01 0 0.0014
2023-08-03 2023-06-30 13F ROYAL GOLD COM 780287108 1,520 995 189.52 0 0.0011
2023-05-01 2023-03-31 13F ROYAL GOLD COM 780287108 525 69 15.13 0 0.0005
2023-02-01 2022-12-31 13F ROYAL GOLD COM 780287108 456 -337 -42.50 0 -100.00 0.0004
2022-10-27 2022-09-30 13F ROYAL GOLD COM 780287108 793 -39 -4.69 74 -16.85 0.0006
2022-07-28 2022-06-30 13F ROYAL GOLD COM 780287108 832 -17 -2.00 89 -25.83 0.0007
2022-04-21 2022-03-31 13F ROYAL GOLD COM 780287108 849 151 21.63 120 64.38 0.0009
2022-01-31 2021-12-31 13F ROYAL GOLD COM 780287108 698 4 0.58 73 -7.59 0.0005
2021-09-15 2021-06-30 13F/A-1 ROYAL GOLD COM 780287108 694 0 0.00 79 0.00 0.0006
2021-07-29 2021-06-30 13F ROYAL GOLD COM 780287108 694 0 79 0.0006
2021-09-15 2021-03-31 13F/A-1 ROYAL GOLD COM 780287108 694 0 0.00 79 0.00 0.0006
2021-04-27 2021-03-31 13F ROYAL GOLD COM 780287108 714 20 77 0.0007
2021-09-15 2020-12-31 13F/A-1 ROYAL GOLD COM 780287108 694 0 0.00 79 0.00 0.0006
2021-01-27 2020-12-31 13F ROYAL GOLD COM 780287108 714 20 76 0.0007
2021-09-15 2020-09-30 13F/A-1 ROYAL GOLD COM 780287108 694 0 0.00 79 0.00 0.0006
2020-10-19 2020-09-30 13F ROYAL GOLD COM 780287108 694 0 83 0.0009
2021-09-15 2020-06-30 13F/A-1 ROYAL GOLD COM 780287108 694 0 0.00 79 0.00 0.0006
2020-07-22 2020-06-30 13F ROYAL GOLD COM 780287108 753 59 94 0.0011
2021-09-15 2020-03-31 13F/A-1 ROYAL GOLD COM 780287108 694 0 0.00 79 0.00 0.0006
2020-04-28 2020-03-31 13F ROYAL GOLD COM 780287108 645 -49 57 0.0008
2021-09-14 2019-12-31 13F/A-1 ROYAL GOLD COM 780287108 694 0 0.00 79 0.00 0.0006
2020-01-27 2019-12-31 13F ROYAL GOLD COM 780287108 633 -61 77 0.0010
2021-09-14 2019-09-30 13F/A-1 ROYAL GOLD COM 780287108 694 0 0.00 79 0.00 0.0006
2019-10-22 2019-09-30 13F ROYAL GOLD COM 780287108 713 19 88 0.0013
2021-09-14 2019-06-30 13F/A-1 ROYAL GOLD COM 780287108 694 0 0.00 79 0.00 0.0006
2019-07-31 2019-06-30 13F ROYAL GOLD COM 780287108 103 -591 11 0.0002
2021-09-02 2019-03-31 13F/A-1 ROYAL GOLD COM 780287108 694 591 573.79 79 777.78 0.0006
2019-04-22 2019-03-31 13F ROYAL GOLD COM 780287108 103 0 9 0.0002
2019-01-25 2018-12-31 13F ROYAL GOLD COM 780287108 103 -505 -83.06 9 -80.85 0.0002
2018-10-29 2018-09-30 13F ROYAL GOLD COM 780287108 608 0 0.00 47 -16.07 0.0012
2018-07-31 2018-06-30 13F ROYAL GOLD COM 780287108 608 608 56 0.0018
2015-10-30 2015-09-30 13F ROYAL GOLD COM 780287108 0 -4,361 -100.00 0 -100.00
2015-07-09 2015-06-30 13F ROYAL GOLD COM 780287108 4,361 4,361 269 0.0258
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.