Sandstorm Gold Ltd.
US ˙ NYSE ˙ CA80013R2063
DIESES SYMBOL IST NICHT MEHR AKTIV

SecuritySAND / Sandstorm Gold Ltd.
InstitutionShell Asset Management Co
Latest Disclosed Ownership4,200 shares
Latest Disclosed Value $ 53
Shell Asset Management Co reports 71.62% decrease in ownership of SAND / Sandstorm Gold Ltd.

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 4,200 shares of Sandstorm Gold Ltd. (US:SAND) valued at $52,584 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 14,800 shares of Sandstorm Gold Ltd.. The current value of the position is $0 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)
2025-11-07 2025-09-30 13F SANDSTORM GOLD COM NEW 80013R206 4,200 -10,600 -71.62 0 0.0053
2025-07-23 2025-06-30 13F SANDSTORM GOLD COM NEW 80013R206 14,800 300 2.07 0 0.0048
2025-05-14 2025-03-31 13F SANDSTORM GOLD COM NEW 80013R206 14,500 0 0.00 0 0.0052
2025-02-14 2024-12-31 13F SANDSTORM GOLD COM NEW 80013R206 14,500 0 0.00 0 0.0035
2024-11-07 2024-09-30 13F SANDSTORM GOLD COM NEW 80013R206 14,500 0 0.00 0 0.0038
2024-07-25 2024-03-31 13F SANDSTORM GOLD COM NEW 80013R206 14,500 -1,500 -9.38 0 0.0036
2024-02-14 2023-12-31 13F SANDSTORM GOLD COM NEW 80013R206 16,000 -4,100 -20.40 0 0.0037
2023-11-08 2023-09-30 13F SANDSTORM GOLD COM NEW 80013R206 20,100 2,400 13.56 0 0.0039
2023-07-28 2023-06-30 13F SANDSTORM GOLD COM NEW 80013R206 17,700 0 0.00 0 0.0036
2023-05-15 2023-03-31 13F SANDSTORM GOLD COM NEW 80013R206 17,700 1,300 7.93 0 0.0042
2023-02-07 2022-12-31 13F SANDSTORM GOLD COM NEW 80013R206 16,400 -1,500 -8.38 0 -100.00 0.0038
2022-11-14 2022-09-30 13F SANDSTORM GOLD COM NEW 80013R206 17,900 -2,500 -12.25 93 -23.14 0.0036
2022-08-09 2022-06-30 13F SANDSTORM GOLD COM NEW 80013R206 20,400 -1,400 -6.42 121 -31.25 0.0036
2022-05-04 2022-03-31 13F SANDSTORM GOLD COM NEW 80013R206 21,800 0 0.00 176 30.37 0.0042
2022-02-09 2021-12-31 13F SANDSTORM GOLD COM NEW 80013R206 21,800 5,200 31.33 135 40.63 0.0028
2021-11-04 2021-09-30 13F SANDSTORM GOLD COM NEW 80013R206 16,600 -700 -4.05 96 -29.93 0.0022
2021-08-12 2021-06-30 13F SANDSTORM GOLD COM NEW 80013R206 17,300 0 0.00 137 17.09 0.0027
2021-05-10 2021-03-31 13F SANDSTORM GOLD COM NEW 80013R206 17,300 0 0.00 117 -5.65 0.0023
2021-02-16 2020-12-31 13F SANDSTORM GOLD COM NEW 80013R206 17,300 14,400 496.55 124 416.67 0.0026
2020-11-13 2020-09-30 13F SANDSTORM GOLD COM NEW 80013R206 2,900 400 16.00 24 0.00 0.0006
2020-08-10 2020-06-30 13F SANDSTORM GOLD COM NEW 80013R206 2,500 -5,972 -70.49 24 -42.86 0.0006
2020-05-11 2020-03-31 13F SANDSTORM GOLD COM NEW 80013R206 8,472 0 0.00 42 -33.33 0.0012
2020-02-13 2019-12-31 13F SANDSTORM GOLD COM NEW 80013R206 8,472 -7,368 -46.52 63 -30.00 0.0014
2019-11-12 2019-09-30 13F SANDSTORM GOLD COM NEW 80013R206 15,840 0 0.00 90 2.27 0.0021
2019-08-12 2019-06-30 13F SANDSTORM GOLD COM NEW 80013R206 15,840 -464 -2.85 88 -1.12 0.0019
2019-05-09 2019-03-31 13F SANDSTORM GOLD COM NEW 80013R206 16,304 0 0.00 89 18.67 0.0020
2019-02-13 2018-12-31 13F SANDSTORM GOLD COM NEW 80013R206 16,304 0 0.00 75 22.95 0.0019
2018-11-13 2018-09-30 13F SANDSTORM GOLD COM NEW 80013R206 16,304 0 0.00 61 -16.44 0.0012
2018-08-10 2018-06-30 13F SANDSTORM GOLD COM NEW 80013R206 16,304 0 0.00 73 -6.41 0.0015
2018-05-14 2018-03-31 13F SANDSTORM GOLD COM NEW 80013R206 16,304 200 1.24 78 -3.70 0.0016
2018-02-09 2017-12-31 13F SANDSTORM GOLD COM NEW 80013R206 16,104 0 0.00 81 -10.99 0.0016
2017-10-20 2017-09-30 13F/A-1 SANDSTORM GOLD COM NEW 80013R206 16,104 0 0.00 91 12.35 0.0020
2017-10-18 2017-09-30 13F SANDSTORM GOLD COM NEW 80013R206 24,186 8,082 116
2017-07-26 2017-06-30 13F SANDSTORM GOLD COM NEW 80013R206 16,104 0 0.00 81 -11.96 0.0020
2017-04-26 2017-03-31 13F SANDSTORM GOLD COM NEW 80013R206 16,104 -800 -4.73 92 3.37 0.0023
2017-01-10 2016-12-31 13F SANDSTORM GOLD COM NEW 80013R206 16,904 5,400 46.94 89 17.11 0.0024
2016-10-28 2016-09-30 13F SANDSTORM GOLD COM NEW 80013R206 11,504 0 0.00 76 13.43 0.0018
2016-07-25 2016-06-30 13F SANDSTORM GOLD COM NEW 80013R206 11,504 0 0.00 67 36.73 0.0016
2016-05-11 2016-03-31 13F SANDSTORM GOLD COM NEW 80013R206 11,504 0 0.00 49 19.51 0.0012
2016-02-05 2015-12-31 13F SANDSTORM GOLD COM NEW 80013R206 11,504 -12,682 -52.44 41 -64.66 0.0010
2015-10-13 2015-09-30 13F SANDSTORM GOLD COM NEW 80013R206 24,186 3,282 15.70 116 50.65 0.0018
2015-07-30 2015-06-30 13F SANDSTORM GOLD COM NEW 80013R206 20,904 -2,500 -10.68 77 -19.79 0.0015
2015-05-07 2015-03-31 13F SANDSTORM GOLD COM NEW 80013R206 23,404 23,404 0.00 96 0.0017
2015-02-04 2014-12-31 13F SANDSTORM GOLD COM NEW 80013R206 0 -24,186 -100.00 0 -100.00
2014-10-24 2014-09-30 13F SANDSTORM GOLD COM NEW 80013R206 24,186 0 0.00 116 -35.20 0.0018
2014-08-08 2014-06-30 13F SANDSTORM GOLD COM NEW 80013R206 24,186 2,500 11.53 179 33.58 0.0028
2014-05-07 2014-03-31 13F SANDSTORM GOLD COM NEW 80013R206 21,686 0 0.00 134 34.00 0.0022
2014-02-03 2013-12-31 13F/A-1 SANDSTORM GOLD COM NEW 80013R206 21,686 582 2.76 100 -15.25 0.0017
2014-01-27 2013-12-31 13F SANDSTORM GOLD COM NEW 80013R206 21,686 100
2013-10-28 2013-09-30 13F SANDSTORM GOLD COM NEW 80013R206 21,104 -2,845 -11.88 118 -20.27 0.0022
2013-08-01 2013-06-30 13F SANDSTORM GOLD COM NEW 80013R206 23,949 23,949 148 0.0028
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.