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 ($11.2m this quarter). Holder counts are more reliable. Shares outstanding: 65.7m as of 2024-07-31, 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 ≈ $125.19. Options: 18 managers hold calls ($135.3m notional), 19 hold puts ($91.4m).
Trends to Q2 2024
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 188 | 155 |
| Q1 2023 | 194 | 164 |
| Q2 2023 | 177 | 197 |
| Q3 2023 | 149 | 228 |
| Q4 2023 | 192 | 177 |
| Q1 2024 | 230 | 173 |
| Q2 2024 | 208 | 202 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $93.1m | $64.1m | 0.69 |
| Q4 2023 | $139.5m | $80.6m | 0.58 |
| Q1 2024 | $201.9m | $94.4m | 0.47 |
| Q2 2024 | $135.3m | $91.4m | 0.68 |
Biggest buyers
| Capital World Investors | Added | +520.3k |
| Invesco Ltd. | Added | +457.9k |
| BANK OF AMERICA CORP /DE/ | Added | +319.5k |
| NORTHERN TRUST CORP | Added | +233.2k |
| Bank of New York Mellon Corp | Added | +212.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +156.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +134.1k |
| Driehaus Capital Management LLC | New | +124.3k |
| Weiss Asset Management LP | New | +116.6k |
| Qube Research & Technologies Ltd | Added | +114.4k |
Biggest sellers
| MORGAN STANLEY | Reduced | -1.2m |
| VAN ECK ASSOCIATES CORP | Reduced | -997.4k |
| Global Assets Advisory, LLC | Sold out | -169.7k |
| DEPRINCE RACE & ZOLLO INC | Sold out | -160.6k |
| Amundi | Reduced | -155.0k |
| Point72 Asset Management, L.P. | Sold out | -102.1k |
| Bornite Capital Management LP | Sold out | -100.0k |
| MACKENZIE FINANCIAL CORP | Sold out | -99.9k |
| Twin Tree Management, LP | Reduced | -99.4k |
| STATE STREET CORP | Reduced | -96.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $47.5m379.9k shares |
| CITADEL ADVISORS LLC | Added | $36.7m293.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.6m68.7k shares |
| WOLVERINE TRADING, LLC | Added | $6.5m51.7k shares |
| PEAK6 Investments LLC | Added | $5.9m47.2k shares |
| IMC-Chicago, LLC | Added | $4.9m39.4k shares |
| ROYAL BANK OF CANADA | Unchanged | $4.9m39.3k shares |
| GOLDMAN SACHS GROUP INC | Added | $4.8m38.5k shares |
| GTS SECURITIES LLC | Added | $4.4m35.5k shares |
| JPMORGAN CHASE & CO | Added | $3.6m28.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $25.9m207.3k shares |
| CITADEL ADVISORS LLC | Added | $23.3m186.5k shares |
| SIMPLEX TRADING, LLC | Added | $8.0m63.7k shares |
| BANK OF MONTREAL /CAN/ | Unchanged | $5.8m46.2k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $4.8m38.4k shares |
| Walleye Capital LLC | Added | $4.7m37.3k shares |
| WOLVERINE TRADING, LLC | Added | $4.3m34.2k shares |
| IMC-Chicago, LLC | Added | $2.9m23.2k shares |
| Twin Tree Management, LP | Added | $2.7m21.7k shares |
| Walleye Trading LLC | Added | $2.2m17.7k 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 in Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 2 | $163.6k | — |
| Q1 2023 | 0 | — | 1 | $118.8k | — |
| Q2 2023 | 0 | — | 3 | $2.0m | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $108.6k | — |
| Q2 2024 | 0 | — | 2 | $326.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-15 | Breeze Daniel SVP Corp Dev of RGLD Gold AG | Sold | $196.1k1.5k shares |
| 2024-05-15 | Shefman Randy SVP & General Counsel | Sold | $130.1k1.0k 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 2024
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 0.18% of their portfolio | 8.7m $1.1bn | Added +520.3k |
| BlackRock Inc. 0.02% of their portfolio | 7.0m $876.3m | Reduced -42.7k |
| VANGUARD GROUP INC 0.02% of their portfolio | 6.6m $827.4m | Reduced -54.1k |
| STATE STREET CORP 0.02% of their portfolio | 3.7m $463.2m | Reduced -96.4k |
| VAN ECK ASSOCIATES CORP 0.64% of their portfolio | 3.6m $450.4m | Reduced -997.4k |
| First Eagle Investment Management, LLC 1.02% of their portfolio | 3.6m $448.7m | Added +20.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.3m $161.3m | Added +42.4k |
| Findlay Park Partners LLP 1.46% of their portfolio | 1.2m $154.8m | Reduced -9.5k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 884.6k $110.7m | Added +233.2k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 835.0k $104.5m | Added +212.3k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 806.9k $101.0m | Added +156.0k |
| Invesco Ltd. 0.02% of their portfolio | 711.9k $89.1m | Added +457.9k |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 679.4k $85.0m | Added +81.6k |
| Kopernik Global Investors, LLC 9.15% of their portfolio | 648.7k $81.2m | Reduced -23.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 564.0k $70.6m | Reduced -45.8k |
| MORGAN STANLEY 0.01% of their portfolio | 546.7k $68.4m | Reduced -1.2m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 525.4k $65.8m | Added +319.5k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 483.5k $60.5m | Added +134.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 477.5k $59.8m | Added +6.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 429.6k $53.8m | Reduced -16.9k |
| NORGES BANK 0.01% of their portfolio | 419.8k $52.5m | Added +80.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.16% of their portfolio | 403.3k $50.5m | Reduced -35.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 331.9k $41.5m | Added +35.7k |
| California Public Employees Retirement System 0.03% of their portfolio | 321.2k $40.2m | Reduced -3.3k |
| GABELLI FUNDS LLC 0.29% of their portfolio | 306.2k $38.3m | Reduced -3.0k |
| Ninety One UK Ltd 0.10% of their portfolio | 295.2k $36.9m | Reduced -16.5k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 263.4k $33.0m | Added +227 |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 261.3k $32.7m | Added +110.8k |
| ProShare Advisors LLC 0.09% of their portfolio | 259.2k $32.4m | Reduced -1.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 240.1k $30.1m | Added +108.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 218.9k $27.4m | Reduced -28.5k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 216.2k $27.1m | Added +5.9k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 195.7k $24.5m | Reduced -6.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 192.7k $24.1m | Reduced -15.0k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 187.0k $23.4m | Added +16.6k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 183.2k $22.9m | Reduced -27.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 179.8k $22.5m | Reduced -2.7k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 171.6k $21.5m | Added +56.2k |
| America First Investment Advisors, LLC 5.04% of their portfolio | 163.7k $20.5m | Added +1.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 158.7k $19.9m | Added +78.1k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 146.0k $18.3m | Added +23.2k |
| Waratah Capital Advisors Ltd. 1.08% of their portfolio | 143.0k $17.9m | Reduced -4.7k |
| Legal & General Group Plc 0.00% of their portfolio | 139.2k $17.4m | Reduced -27.0k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 135.3k $16.9m | Added +326 |
| FMR LLC 0.00% of their portfolio | 132.1k $16.5m | Added +101.0k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 131.7k $16.5m | Reduced -18.3k |
| Swiss National Bank 0.01% of their portfolio | 129.3k $16.2m | Reduced -300 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 126.3k $15.8m | Added +82.0k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 125.0k $15.6m | Added +114.4k |
| Driehaus Capital Management LLC 0.15% of their portfolio | 124.3k $15.6m | New |
| Euro Pacific Asset Management, LLC 2.98% of their portfolio | 119.8k $15.0m | Added +1.6k |
| ARMOR ADVISORS, L.L.C. 11.78% of their portfolio | 118.8k $14.9m | Reduced -4.9k |
| Weiss Asset Management LP 0.70% of their portfolio | 116.6k $14.6m | New |
| Oxbow Advisors, LLC 1.64% of their portfolio | 112.0k $14.0m | Added +2.1k |
| BARLOW WEALTH PARTNERS, LLC 1.96% of their portfolio | 103.0k $14.1m | Added +3.1k |
| Amundi 0.00% of their portfolio | 98.7k $12.8m | Reduced -155.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 96.7k $12.1m | Reduced -1.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 94.3k $11.8m | Reduced -3.0k |
| UBS Group AG 0.00% of their portfolio | 90.9k $11.4m | Reduced -3.4k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 90.5k $11.4m | Reduced -6.2k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.19% of their portfolio | 89.0k $11.1m | Reduced -671 |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 88.3k $11.1m | Reduced -27.4k |
| Baird Financial Group, Inc. 0.02% of their portfolio | 86.9k $10.9m | Added +4.6k |
| U S GLOBAL INVESTORS INC 1.05% of their portfolio | 86.6k $11.1m | Reduced -232 |
| MUHLENKAMP & CO INC 3.36% of their portfolio | 86.1k $10.8m | Added +181 |
| MARTINGALE ASSET MANAGEMENT L P 0.23% of their portfolio | 84.5k $10.6m | Reduced -5.1k |
| Corebridge Financial, Inc. 0.06% of their portfolio | 83.1k $10.4m | First filing |
| Crestline Management, L.P. 0.82% of their portfolio | 83.1k $10.4m | Added +56.6k |
| Retirement Systems of Alabama 0.04% of their portfolio | 81.1k $10.2m | Reduced -1.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 77.3k $9.7m | Added +22.6k |
| ALPS ADVISORS INC 0.07% of their portfolio | 77.0k $9.6m | Reduced -13.3k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 75.7k $9.5m | Added +1.1k |
| Curi Capital, LLC 0.21% of their portfolio | 71.1k $8.9m | Reduced -4.3k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 70.2k $8.8m | Reduced -312 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 70.2k $8.8m | Reduced -1.0k |
| WESTWOOD HOLDINGS GROUP INC 0.04% of their portfolio | 69.8k $8.7m | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 66.6k $8.3m | Added +35.5k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 65.3k $8.2m | Added +28.2k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 65.0k $8.1m | Added +8.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 64.2k $8.0m | Reduced -1.9k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 62.8k $7.9m | Added +7.4k |
| Kingsview Wealth Management, LLC 0.18% of their portfolio | 61.7k $7.7m | Reduced -10.0k |
| BARCLAYS PLC 0.00% of their portfolio | 57.9k $7.3m | Reduced -30.6k |
| CI INVESTMENTS INC. 0.03% of their portfolio | 57.9k $7.2m | Reduced -6.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 55.4k $6.9m | Reduced -994 |
| Gotham Asset Management, LLC 0.09% of their portfolio | 53.9k $6.7m | Reduced -785 |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 51.7k $6.5m | Added +40.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 51.7k $6.5m | Reduced -20.1k |
| TD Asset Management Inc 0.01% of their portfolio | 50.4k $6.3m | Reduced -3.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 49.0k $6.1m | Added +812 |
| River Road Asset Management, LLC 0.09% of their portfolio | 47.6k $6.0m | Reduced -19.1k |
| SPROTT INC. 0.43% of their portfolio | 46.7k $5.9m | Reduced -10.1k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 43.9k $5.5m | Reduced -11.7k |
| Hamilton Capital Partners Inc. 0.58% of their portfolio | 43.5k $5.4m | Added +5.6k |
| Crawford Fund Management, LLC 4.28% of their portfolio | 43.1k $5.4m | Unchanged |
| TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio | 42.8k $5.4m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 41.4k $5.2m | Added +24.5k |
| Walleye Capital LLC 0.05% of their portfolio | 41.0k $5.1m | Added +14.2k |
| Engineers Gate Manager LP 0.12% of their portfolio | 40.9k $5.1m | Reduced -83 |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 40.2k $5.0m | Added +28.5k |