Royal Gold, Inc.
US ˙ NasdaqGS ˙ US7802871084

SecurityRGLD / Royal Gold, Inc.
InstitutionMarathon Capital Management
Latest Disclosed Ownership4,080 shares
Latest Disclosed Value $ 1,038,319
Marathon Capital Management ownership in RGLD / Royal Gold, Inc.

On May 14, 2026 - Marathon Capital Management filed a 13F-HR form disclosing ownership of 4,080 shares of Royal Gold, Inc. (US:RGLD) valued at $1,038,319 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 4,080 shares of Royal Gold, Inc.. This represents a change in shares of 0.00% during the quarter. The current value of the position is $840,766 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)
2026-05-14 2026-03-31 13F ROYAL GOLD COM 780287108 4,080 0 0.00 1,038 14.57 0.2332
2026-01-29 2025-12-31 13F ROYAL GOLD COM 780287108 4,080 -12 -0.29 907 10.49 0.1952
2025-11-14 2025-09-30 13F ROYAL GOLD COM 780287108 4,092 0 0.00 821 12.79 0.1878
2025-08-14 2025-06-30 13F ROYAL GOLD COM 780287108 4,092 0 0.00 728 8.67 0.1853
2025-05-15 2025-03-31 13F ROYAL GOLD COM 780287108 4,092 0 0.00 669 24.12 0.1782
2025-02-14 2024-12-31 13F ROYAL GOLD COM 780287108 4,092 1 0.02 539 -6.10 0.1347
2024-11-14 2024-09-30 13F ROYAL GOLD COM 780287108 4,091 0 0.00 574 12.11 0.1392
2024-08-14 2024-06-30 13F ROYAL GOLD COM 780287108 4,091 0 0.00 512 2.81 0.1305
2024-05-15 2024-03-31 13F ROYAL GOLD COM 780287108 4,091 1,091 36.37 498 37.57 0.1189
2024-02-14 2023-12-31 13F/A-1 ROYAL GOLD COM 780287108 3,000 0 0.00 363 13.84 0.0912
2024-02-08 2023-12-31 13F ROYAL GOLD COM 780287108 3,000 0 363 0.0912
2023-11-14 2023-09-30 13F ROYAL GOLD COM 780287108 3,000 1,000 50.00 319 38.86 0.0803
2023-08-15 2023-06-30 13F/A-1 ROYAL GOLD COM 780287108 2,000 -212 -9.58 230 -19.93 0.0567
2023-08-14 2023-06-30 13F ROYAL GOLD COM 780287108 2,000 -212 230 0.0556
2023-05-12 2023-03-31 13F ROYAL GOLD COM 780287108 2,212 0 0.00 287 14.86 0.0706
2023-02-14 2022-12-31 13F ROYAL GOLD COM 780287108 2,212 0 0.00 249 19.71 0.0687
2022-11-14 2022-09-30 13F Royal Gold COM 780287108 2,212 0 0.00 208 -11.86 0.0594
2022-08-12 2022-06-30 13F Royal Gold COM 780287108 2,212 2,212 236 0.0762
2022-05-13 2022-03-31 13F Royal Gold COM 780287108 0 -2,212 -100.00 0 -100.00
2022-02-09 2021-12-31 13F Royal Gold COM 780287108 2,212 0 0.00 233 9.91 0.0546
2021-11-15 2021-09-30 13F Royal Gold COM 780287108 2,212 0 0.00 212 -15.87 0.0481
2021-08-16 2021-06-30 13F Royal Gold COM 780287108 2,212 0 0.00 252 5.88 0.0583
2021-05-14 2021-03-31 13F Royal Gold COM 780287108 2,212 0 0.00 238 1.28 0.0627
2021-02-08 2020-12-31 13F Royal Gold COM 780287108 2,212 0 0.00 235 -11.32 0.0693
2020-11-16 2020-09-30 13F Royal Gold COM 780287108 2,212 0 0.00 265 -3.64 0.0965
2020-08-14 2020-06-30 13F Royal Gold COM 780287108 2,212 2,212 275 0.1056
2020-05-15 2020-03-31 13F Royal Gold COM 780287108 0 -2,000 -100.00 0 -100.00
2020-02-14 2019-12-31 13F Royal Gold COM 780287108 2,000 0 0.00 244 -0.81 0.0830
2019-11-13 2019-09-30 13F Royal Gold COM 780287108 2,000 0 0.00 246 20.59 0.0992
2019-07-25 2019-06-30 13F Royal Gold COM 780287108 2,000 2,000 204 0.0832
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.