Brigade Capital Management’s SPDR Gold Trust GLD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-200,000	Closed	-$79.3M	–	21
2025 Q4	$79.3M	Sell	200,000 -250,000	-56%	-$95.5M	44.86%	1
2025 Q3	$160M	Buy	+450,000	New	+$143M	88.2%	2
2025 Q1	–	Sell	-220,000	Closed	-$53.3M	–	16
2024 Q4	$53.3M	Buy	+220,000	New	+$54.1M	102.62%	3
2021 Q4	–	Sell	-1,560,000	Closed	-$256M	–	49
2021 Q3	$256M	Hold	1,560,000	–	–	41.49%	1
2021 Q2	$258M	Buy	1,560,000 +1,200,000	+333%	+$204M	35.51%	1
2021 Q1	$57.6M	Hold	360,000	–	–	7.85%	6
2020 Q4	$64.2M	Hold	360,000	–	–	12.35%	5
2020 Q3	$63.8M	Hold	360,000	–	–	12.73%	6
2020 Q2	$60.3M	Buy	+360,000	New	+$58.1M	15.8%	6
2020 Q1	–	Sell	-600,000	Closed	-$85.7M	–	59
2019 Q4	$85.7M	Hold	600,000	–	–	14.45%	4
2019 Q3	$83.3M	Hold	600,000	–	–	12.44%	5
2019 Q2	$79.9M	Buy	600,000 +250,000	+71%	+$30.9M	12.11%	6
2019 Q1	$42.7M	Hold	350,000	–	–	6.33%	7
2018 Q4	$42.4M	Buy	+350,000	New	+$40.7M	6.01%	11
2018 Q1	–	Sell	-55,800	Closed	-$6.9M	–	62
2017 Q4	$6.9M	Buy	+55,800	New	+$6.76M	0.7%	44