Joel Greenblatt acquired 46.9 Thousand Royal Gold shares worth $8.44 Million. That's 0.07% of their equity portfolio (389th largest holding). The first Royal Gold trade was made in Q1 2015. Since then Joel Greenblatt bought shares fourteen more times and sold shares on thirteen occasions. The stake costed the investor $5.56 Million, netting the investor a gain of 52% so far.