ROYAL GOLD INC RGLD
COM · Common Stock · CUSIP 780287108 · ISIN US7802871084
American mining company
- SectorFinancials
- IndustryMineral Royalty Traders
- HeadquartersDenver, CO
- Founded1991
- Websiteroyalgold.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($39.3m this quarter). Holder counts are more reliable. Shares outstanding: 84.7m as of 2026-07-29, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $199.84. Options: 21 managers hold calls ($244.3m notional), 21 hold puts ($177.7m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 391 |
| Q4 2022 | 404 |
| Q1 2023 | 412 |
| Q2 2023 | 434 |
| Q3 2023 | 412 |
| Q4 2023 | 437 |
| Q1 2024 | 450 |
| Q2 2024 | 463 |
| Q3 2024 | 482 |
| Q4 2024 | 520 |
| Q1 2025 | 562 |
| Q2 2025 | 615 |
| Q3 2025 | 653 |
| Q4 2025 | 743 |
| Q1 2026 | 809 |
| Q2 2026 | 763 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 226 | 199 |
| Q4 2024 | 253 | 193 |
| Q1 2025 | 317 | 211 |
| Q2 2025 | 357 | 201 |
| Q3 2025 | 332 | 279 |
| Q4 2025 | 456 | 227 |
| Q1 2026 | 425 | 317 |
| Q2 2026 | 363 | 391 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $207.8m | $171.2m | 0.82 |
| Q4 2025 | $386.6m | $216.8m | 0.56 |
| Q1 2026 | $244.6m | $217.4m | 0.89 |
| Q2 2026 | $244.3m | $177.7m | 0.73 |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +806.0k |
| UBS Group AG | Added | +788.3k |
| Capital Research Global Investors | Added | +596.1k |
| BlackRock, Inc. | Added | +437.9k |
| STATE STREET CORP | Added | +304.1k |
| Nuveen, LLC | Added | +258.6k |
| AQR CAPITAL MANAGEMENT LLC | Added | +236.5k |
| D. E. Shaw & Co., Inc. | Added | +210.0k |
| CITADEL ADVISORS LLC | Added | +165.6k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +149.3k |
Biggest sellers
| Capital World Investors | Reduced | -1.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -717.4k |
| Capital International Investors | Reduced | -416.7k |
| VAN ECK ASSOCIATES CORP | Reduced | -274.2k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -216.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -195.9k |
| Invesco Ltd. | Reduced | -176.8k |
| NFJ INVESTMENT GROUP, LLC | Sold out | -165.7k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -111.6k |
| NATIXIS | Reduced | -111.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $86.3m432.3k shares |
| CITADEL ADVISORS LLC | Added | $49.2m246.3k shares |
| JANE STREET GROUP, LLC | Added | $34.1m170.8k shares |
| IMC-Chicago, LLC | Reduced | $24.9m124.9k shares |
| GROUP ONE TRADING LLC | Added | $7.2m36.2k shares |
| Point72 Asset Management, L.P. | Reduced | $6.8m33.9k shares |
| Walleye Trading LLC | Added | $6.6m33.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $5.5m27.6k shares |
| SIMPLEX TRADING, LLC | Added | $4.0m20.1k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $4.0m20.0k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $50.5m252.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $40.9m205.0k shares |
| CITADEL ADVISORS LLC | Added | $30.2m151.5k shares |
| IMC-Chicago, LLC | Added | $25.5m127.5k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $5.0m25.2k shares |
| Point72 Asset Management, L.P. | Reduced | $3.4m17.0k shares |
| Squarepoint Ops LLC | Reduced | $3.3m16.7k shares |
| GROUP ONE TRADING LLC | Added | $2.7m13.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.5m12.4k shares |
| UBS Group AG | New | $2.4m12.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Capital World Investors 13G · institution -2.1 pts · filed 2026-02-13 | 11.6% |
| VAN ECK ASSOCIATES CORP 13G · institution filed 2025-11-12 | 7.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), STATE STREET CORP (4.4%, 2026-02-09), First Eagle Investment Management, LLC (3.4%, 2025-11-12)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 4 | $1.4m | $767.5k |
| Q1 2025 | 0 | — | 3 | $514.7k | $204.7k |
| Q2 2025 | 0 | — | 1 | $353.9k | $353.9k |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 2 | $370.9k | — |
| Q1 2026 | 0 | — | 4 | $3.0m | $907.1k |
| Q2 2026 | 0 | — | 1 | $351.7k | — |
| Q3 2026 | 0 | — | 2 | $2.0m | $1.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-03 | Heissenbuttel William Holmes President & CEO, director | Sold plan | $1.9m7.3k shares |
| 2026-08-28 | Shefman Randy SVP & General Counsel | Sold | $131.4k500 shares |
| 2026-06-16 | Shefman Randy SVP & General Counsel | Sold | $107.9k500 shares |
| 2026-05-11 | Shefman Randy SVP & General Counsel | Sold | $243.7k1.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.03% of their portfolio | 10.9m $2.2bn | Added +437.9k |
| Capital World Investors 0.22% of their portfolio | 9.3m $1.9bn | Reduced -1.2m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.04% of their portfolio | 4.1m $823.5m | Added +15.3k |
| STATE STREET CORP 0.02% of their portfolio | 3.9m $779.3m | Added +304.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 3.8m $758.0m | Added +34.1k |
| VAN ECK ASSOCIATES CORP 0.36% of their portfolio | 2.9m $584.8m | Reduced -274.2k |
| Invesco Ltd. 0.03% of their portfolio | 2.1m $413.2m | Reduced -176.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.7m $347.5m | Added +13.5k |
| First Eagle Investment Management, LLC 0.29% of their portfolio | 1.7m $344.0m | Added +806.0k |
| Capital Research Global Investors 0.04% of their portfolio | 1.5m $289.9m | Added +596.1k |
| NORGES BANK 0.03% of their portfolio | 1.4m $281.4m | Not comparable |
| UBS Group AG 0.04% of their portfolio | 1.2m $243.2m | Added +788.3k |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 1.0m $207.6m | Added +236.5k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 893.4k $178.3m | Added +16.2k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 836.7k $167.0m | Reduced -111.6k |
| MORGAN STANLEY 0.01% of their portfolio | 827.9k $165.3m | Reduced -102.5k |
| FMR LLC 0.01% of their portfolio | 794.7k $158.6m | Reduced -63.9k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 755.3k $150.8m | Reduced -53.2k |
| Nuveen, LLC 0.04% of their portfolio | 736.8k $147.1m | Added +258.6k |
| Qube Research & Technologies Ltd 0.16% of their portfolio | 705.3k $140.8m | Added +114.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio | 593.5k $118.5m | Added +74.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 574.3k $114.6m | Added +96 |
| Ninety One UK Ltd 0.25% of their portfolio | 563.7k $112.5m | Added +82.1k |
| Capital International Investors 0.02% of their portfolio | 563.4k $112.5m | Reduced -416.7k |
| Findlay Park Partners LLP 1.50% of their portfolio | 558.0k $111.4m | Reduced -18.9k |
| Swedbank AB 0.09% of their portfolio | 519.1k $103.6m | Reduced -3.0k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 518.6k $103.5m | Added +11.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 474.8k $94.8m | Added +44.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 441.5k $88.1m | Added +39.4k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 397.1k $79.3m | Reduced -216.9k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 347.3k $69.3m | Reduced -28.1k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 286.4k $57.2m | Added +126.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 261.4k $53.6m | Added +6.2k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 259.3k $51.8m | Added +165.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 248.9k $49.7m | Reduced -2.3k |
| Squarepoint Ops LLC 0.09% of their portfolio | 244.7k $48.8m | Reduced -32.1k |
| Tidal Investments LLC 0.12% of their portfolio | 243.3k $48.6m | Reduced -62.9k |
| Baird Financial Group, Inc. 0.07% of their portfolio | 241.9k $48.3m | Reduced -1.7k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 237.1k $47.3m | Added +20.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 232.7k $46.5m | Added +149.3k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 231.6k $46.2m | Added +210.0k |
| Kopernik Global Investors, LLC 2.63% of their portfolio | 215.0k $42.9m | Added +128.8k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 213.6k $42.6m | Added +430 |
| GABELLI FUNDS LLC 0.27% of their portfolio | 210.9k $42.1m | Reduced -1.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 210.1k $41.9m | Reduced -31.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 201.7k $40.8m | Added +72.4k |
| Verition Fund Management LLC 0.28% of their portfolio | 201.5k $40.2m | Added +38.2k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 201.0k $40.2m | Reduced -14.2k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 190.7k $38.1m | Reduced -11.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 186.0k $37.1m | Reduced -1.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 185.0k $36.9m | Added +4.1k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 178.3k $45.3m | Added +144 |
| Swiss National Bank 0.02% of their portfolio | 170.3k $34.0m | Added +1.7k |
| Euro Pacific Asset Management, LLC 3.70% of their portfolio | 165.5k $32.5m | Added +225 |
| Compagnie Lombard Odier SCmA 0.35% of their portfolio | 163.3k $32.6m | Added +49.2k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 162.9k $32.5m | Added +49 |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 156.3k $31.2m | Added +30.6k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 148.0k $29.6m | Added +6.3k |
| California Public Employees Retirement System 0.02% of their portfolio | 147.6k $29.5m | Reduced -36.9k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 145.3k $29.0m | Reduced -18.3k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 144.6k $28.9m | Added +32.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 144.0k $28.8m | Reduced -195.9k |
| Extract Advisors LLC 19.60% of their portfolio | 142.3k $28.4m | Added +22.0k |
| SPROTT INC. 0.92% of their portfolio | 139.6k $27.9m | Reduced -11.5k |
| CI INVESTMENTS INC. 0.09% of their portfolio | 138.8k $27.7m | Added +16.9k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 136.4k $27.2m | Reduced -2.1k |
| Amundi 0.01% of their portfolio | 132.6k $26.5m | Reduced -65.0k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 132.1k $26.4m | Added +4.2k |
| WESTWOOD HOLDINGS GROUP INC 0.20% of their portfolio | 131.1k $26.2m | Added +12.7k |
| Copeland Capital Management, LLC 0.48% of their portfolio | 117.1k $23.4m | Added +5.3k |
| Susquehanna Portfolio Strategies, LLC 0.37% of their portfolio | 115.3k $23.0m | Reduced -4.6k |
| Legal & General Group Plc 0.00% of their portfolio | 115.1k $23.0m | Reduced -7.2k |
| BARLOW WEALTH PARTNERS, LLC 2.35% of their portfolio | 113.3k $21.7m | Added +874 |
| Hamilton Capital Partners Inc. 0.65% of their portfolio | 112.6k $22.5m | Added +8.7k |
| America First Investment Advisors, LLC 3.98% of their portfolio | 107.6k $21.5m | Added +300 |
| ProShare Advisors LLC 0.03% of their portfolio | 107.0k $21.4m | Added +12.5k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 103.8k $20.6m | Added +83 |
| TUDOR INVESTMENT CORP ET AL 0.08% of their portfolio | 101.7k $20.3m | Added +21.1k |
| ING GROEP NV 0.10% of their portfolio | 100.5k $20.1m | New |
| BLI - Banque de Luxembourg Investments 0.72% of their portfolio | 100.5k $20.4m | Added +500 |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 99.9k $25.4m | Added +93 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 98.8k $19.7m | Reduced -5.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 98.6k $19.7m | Added +14.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 98.5k $19.7m | Reduced -61 |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 94.1k $18.8m | Added +88.2k |
| MUHLENKAMP & CO INC 5.09% of their portfolio | 88.1k $17.6m | Added +196 |
| CAPITAL FUND MANAGEMENT S.A. 0.12% of their portfolio | 86.0k $17.2m | Added +40.5k |
| Retirement Systems of Alabama 0.05% of their portfolio | 84.3k $16.8m | Reduced -15.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 83.3k $16.6m | Added +7.2k |
| CITIGROUP INC 0.01% of their portfolio | 73.5k $14.7m | Reduced -25.9k |
| Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio | 70.4k $14.1m | Added +34.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 69.8k $13.9m | Added +18.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 68.5k $13.7m | Added +5.1k |
| Cannell & Spears LLC 0.23% of their portfolio | 65.4k $13.1m | Reduced -2 |
| Oxbow Advisors, LLC 1.04% of their portfolio | 64.1k $12.8m | Added +4.8k |
| LPL Financial LLC 0.00% of their portfolio | 62.2k $12.4m | Reduced -1.8k |
| Distillate Capital Partners LLC 0.64% of their portfolio | 61.8k $12.3m | Reduced -803 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 58.8k $11.7m | Added +1.6k |
| IMC-Chicago, LLC 0.11% of their portfolio | 58.6k $11.7m | Added +36.0k |
| MEYER HANDELMAN CO 0.31% of their portfolio | 54.5k $10.9m | Added +4.0k |