Question 1

How many shares of SAND does Swiss National Bank own?

Accepted Answer

Swiss National Bank previously held 0 shares of SAND (SANDSTORM GOLD LTD) before exiting the position in 2025-Q4.

Question 2

What is Swiss National Bank's SAND position worth?

Accepted Answer

Swiss National Bank's SAND position was last reported at $0 in 2025-Q4 before the exit.

Question 3

Is Swiss National Bank buying or selling SAND?

Accepted Answer

In 2025-Q4, Swiss National Bank exited their SAND position entirely (-100.0% change in shares).

Question 4

When did Swiss National Bank first buy SAND?

Accepted Answer

Based on available 13F filings, Swiss National Bank first reported a position in SAND in 2018-Q4. They have held the position across 29 quarters.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2025-Q4 Latest	Exited	0	-100.0%	$0	0.0%	—	0
2025-Q3	Increased	544,662	+7.2%	$6.8M	0.0%	—	29
2025-Q2	Decreased	508,262	-2.4%	$4.8M	0.0%	—	0
2025-Q1	Increased	520,762	+3.8%	$3.9M	0.0%	—	28
2024-Q4	Increased	501,762	+0.6%	$2.8M	0.0%	—	26
2024-Q3	Unchanged	498,762	0.0%	$3M	0.0%	—	0
2024-Q2	Unchanged	498,762	0.0%	$2.7M	0.0%	—	0
2024-Q1	Unchanged	498,762	0.0%	$2.6M	0.0%	—	0
2023-Q4	Decreased	498,762	-10.9%	$2.5M	0.0%	—	0
2023-Q3	Unchanged	559,862	0.0%	$2.6M	0.0%	—	0
2023-Q2	Increased	559,862	+14.9%	$2.9M	0.0%	—	30
2023-Q1	Decreased	487,062	-4.4%	$2.8M	0.0%	—	0
2022-Q4	Increased	509,662	+1.5%	$2.7M	0.0%	—	27
2022-Q3	Increased	502,162	+10.6%	$2.6M	0.0%	—	29
2022-Q2	Decreased	454,162	-0.3%	$2.7M	0.0%	—	0
2022-Q1	Increased	455,562	+5.5%	$3.7M	0.0%	—	28
2021-Q4	Unchanged	431,862	0.0%	$2.7M	0.0%	—	0
2021-Q3	Unchanged	431,862	0.0%	$2.5M	0.0%	—	0
2021-Q2	Decreased	431,862	-2.2%	$3.4M	0.0%	—	0
2021-Q1	Increased	441,662	+1.4%	$3M	0.0%	—	27
2020-Q4	Increased	435,562	+0.6%	$3.1M	0.0%	—	26
2020-Q3	Increased	433,162	+8.7%	$3.6M	0.0%	—	29
2020-Q2	Increased	398,662	+17.2%	$3.8M	0.0%	—	31
2020-Q1	Unchanged	340,062	0.0%	$1.7M	0.0%	—	0
2019-Q4	Increased	340,062	+1.5%	$2.5M	0.0%	—	27
2019-Q3	Unchanged	335,062	0.0%	$1.9M	0.0%	—	0
2019-Q2	Increased	335,062	+0.9%	$1.9M	0.0%	—	26
2019-Q1	Unchanged	331,962	0.0%	$1.8M	0.0%	—	0
2018-Q4	New	331,962	-	$1.5M	0.0%	—	35

SAND29 quarters

SAND
29 quarters