SANDSTORM GOLD LTD

CUSIP: 80013R206 Class: COM NEW

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

Quent Capital, LLC
Value ($000) $121 Shares 9,999

Decreased Positions (1)

IFP Advisors, Inc
Value ($000) $28 (-12.9%) Shares 2,465 (-5.4%)

Exited Positions (262)

Kintayl Capital LP
Value ($000) $11,648 Shares 930,324
Knoll Capital Management, LLC
Value ($000) $8,764 Shares 700,000
Spark Investment Management LLC
Value ($000) $1,389 Shares 111,000
Absolute Gestao de Investimentos Ltda.
Value ($000) $24,456 Shares 1,953,356
ALPINE ASSOCIATES MANAGEMENT INC.
Value ($000) $47,173 Shares 3,767,815
AQR Arbitrage LLC
Value ($000) $75,894 Shares 6,061,783
Versor Investments LP
Value ($000) $9,715 Shares 775,957
Kopernik Global Investors, LLC
Value ($000) $19,864 Shares 1,586,602
PCJ Investment Counsel Ltd.
Value ($000) $5,348 Shares 427,350
GARDNER LEWIS ASSET MANAGEMENT L P
Value ($000) $5,831 Shares 465,753
Meixler Investment Management, Ltd.
Value ($000) $2,177 Shares 173,913
Quantessence Capital LLC
Value ($000) $3,344 Shares 267,088
LOUISBOURG INVESTMENTS INC.
Value ($000) $4,233 Shares 338,282
WJ Financial Advisors LLC
Value ($000) $1,000 Shares 79,869
Yakira Capital Management, Inc.
Value ($000) $2,525 Shares 201,668
BAR HARBOR WEALTH MANAGEMENT
Value ($000) $13,484 Shares 1,076,957
GLOBAL STRATEGIC MANAGEMENT INC
Value ($000) $607 Shares 84,800
ABC ARBITRAGE SA
Value ($000) $7,359 Shares 587,753
SPROTT INC.
Value ($000) $19,076 Shares 1,523,166
OMERS ADMINISTRATION Corp
Value ($000) $73,918 Shares 5,904,000