Argentiere Capital’s SPDR Gold Trust GLD Stock Holding History

Argentiere Capital’s Portfolio GLD Stock Details GLD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-3,000,000	Closed	-$338M	–	85
2018 Q3	$338M	Buy	3,000,000 +1,500,000	+100%	+$172M	34.58%	1
2018 Q2	$1.65M	Hold	1,500,000	–	–	0.64%	28
2018 Q1	$4.69M	Buy	+1,500,000	New	+$189M	2%	9
2017 Q4	–	Sell	-750,000	Closed	-$326K	–	39
2017 Q3	$326K	Buy	+750,000	New	+$91.2M	0.13%	40
2017 Q2	–	Sell	-4,750,000	Closed	-$11.8M	–	60
2017 Q1	$11.8M	Buy	4,750,000 +3,750,000	+375%	+$436M	4.75%	6
2016 Q4	$2.85M	Sell	1,000,000 -500,000	-33%	-$58M	1.34%	17
2016 Q3	$2.63M	Sell	1,500,000 -2,500,000	-63%	-$318M	2.5%	12
2016 Q2	$17.7M	Sell	4,000,000 -500,000	-11%	-$60.2M	13.74%	2
2016 Q1	$19.4M	Buy	+4,500,000	New	+$510M	11.3%	2
2015 Q4	–	Sell	-500,000	Closed	-$1.25M	–	59
2015 Q3	$1.25M	Sell	500,000 -250,000	-33%	-$26.9M	0.43%	21
2015 Q2	$1.4M	Sell	750,000 -450,000	-38%	-$51.5M	0.92%	26
2015 Q1	$2.15M	Hold	1,200,000	–	–	0.89%	20
2014 Q4	$577K	Buy	1,200,000 +1,000,000	+500%	+$115M	0.11%	25
2014 Q3	$371K	Sell	200,000 -270,000	-57%	-$33.3M	0.16%	28
2014 Q2	$973K	Buy	+470,000	New	+$58.4M	0.44%	14

Other funds holding GLD

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

First Eagle Investment Management New York $59B AUM 32.99% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Paulson & Co New York $3.11B AUM 94.93% 1-Year Est. Return

Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return

EIM

Elephas Investment Management Hong Kong $367M AUM 189.12% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

CI Investments Inc Toronto, Ontario, Canada $20.6B AUM 29.22% 1-Year Est. Return

Commerzbank Aktiengesellschaft Frankfurt, Germany $4.78B AUM 25.31% 1-Year Est. Return

Argentiere Capital's GLD Position: Q4 2018 in Review

Argentiere Capital sold out of SPDR Gold Trust (GLD) in Q4 2018, closing a stake of 705,000 shares — an estimated $79.5M sold.

Argentiere Capital first reported a position in GLD in Q2 2014 and held it in 5 quarters. The position peaked at $80.1M in Q2 2018. 1,086 funds tracked by Wall St. Rank hold GLD as of Q4 2018.

Argentiere Capital reported no remaining SPDR Gold Trust position as of Q4 2018 after selling out during the quarter.
Argentiere Capital sold 705,000 SPDR Gold Trust shares in Q4 2018, an estimated $79.5M.
Argentiere Capital first reported a position in SPDR Gold Trust in Q2 2014 and held it in 5 quarters.
Argentiere Capital's SPDR Gold Trust position peaked at $80.1M in Q2 2018.
1,086 funds tracked by Wall St. Rank held SPDR Gold Trust as of Q4 2018.

Based on Argentiere Capital's 13F filing for Q4 2018, filed 14 Feb 2019.