Capula Management’s SPDR Gold Trust GLD Stock Holding History

Capula Management’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
2025 Q4	–	Sell	-35,427	Closed	-$13.5M	–	872
2025 Q3	$12.6M	Buy	+35,427	New	+$11.3M	0.06%	94
2025 Q2	–	Sell	-9,387	Closed	-$2.84M	–	729
2025 Q1	$2.7M	Buy	+9,387	New	+$2.48M	0.02%	175
2024 Q2	–	Sell	-48,341	Closed	-$9.94M	–	523
2024 Q1	$9.94M	Buy	48,341 +17,941	+59%	+$3.44M	0.24%	28
2023 Q4	$5.81M	Buy	30,400 +22,260	+273%	+$4.08M	0.23%	31
2023 Q3	$1.4M	Hold	8,140	–	–	0.03%	174
2023 Q2	$1.45M	Sell	8,140 -11,860	-59%	-$2.18M	0.04%	155
2023 Q1	$3.66M	Buy	+20,000	New	+$3.52M	0.04%	261
2020 Q2	–	Sell	-46,731	Closed	-$7.54M	–	366
2020 Q1	$6.92M	Buy	46,731 +37,731	+419%	+$5.62M	0.25%	118
2019 Q4	$1.29M	Buy	+9,000	New	+$1.26M	0.03%	286
2019 Q2	–	Sell	-62,859	Closed	-$7.67M	–	105
2019 Q1	$7.67M	Buy	+62,859	New	+$7.74M	10.22%	4

Other funds holding GLD

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

First Eagle Investment Management New York $60.8B AUM 26.63% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Capula Management's GLD Position: Q4 2025 in Review

Capula Management sold out of SPDR Gold Trust (GLD) in Q4 2025, closing a stake of 35,427 shares — an estimated $13.5M sold.

Capula Management first reported a position in GLD in Q1 2019 and held it in 10 quarters. The position peaked at $12.6M in Q3 2025. 3,072 funds tracked by Wall St. Rank hold GLD as of Q4 2025.

Capula Management reported no remaining SPDR Gold Trust position as of Q4 2025 after selling out during the quarter.
Capula Management sold 35,427 SPDR Gold Trust shares in Q4 2025, an estimated $13.5M.
Capula Management first reported a position in SPDR Gold Trust in Q1 2019 and held it in 10 quarters.
Capula Management's SPDR Gold Trust position peaked at $12.6M in Q3 2025.
3,072 funds tracked by Wall St. Rank held SPDR Gold Trust as of Q4 2025.

Based on Capula Management's 13F filing for Q4 2025, filed 13 Feb 2026.