Cercano Management’s SPDR Gold Trust GLD Stock Holding History

Cercano 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	-96,309	Closed	-$34.2M	–	152
2025 Q3	$34.2M	Sell	96,309 -4,037	-4%	-$1.29M	1.31%	15
2025 Q2	$30.6M	Sell	100,346 -1,659	-2%	-$502K	0.87%	28
2025 Q1	$29.4M	Sell	102,005 -26,862	-21%	-$7.1M	0.86%	32
2024 Q4	$31.2M	Sell	128,867 -29,122	-18%	-$7.16M	0.79%	30
2024 Q3	$38.4M	Buy	+157,989	New	+$36.2M	0.92%	31
2024 Q2	–	Sell	-50,460	Closed	-$10.4M	–	104
2024 Q1	$10.4M	Buy	50,460 +50,000	+10,870%	+$9.6M	0.29%	65
2023 Q4	$87.9K	Hold	460	–	–	﹤0.01%	92
2023 Q3	$78.9K	Hold	460	–	–	﹤0.01%	104
2023 Q2	$82K	Hold	460	–	–	﹤0.01%	111
2023 Q1	$84.3K	Hold	460	–	–	﹤0.01%	110
2022 Q4	$78K	Buy	+460	New	+$74.1K	﹤0.01%	114

Other funds holding GLD

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

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

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

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

Raymond James Financial St Petersburg, Florida $324B AUM 22.36% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Cercano Management's GLD Position: Q4 2025 in Review

Cercano Management sold out of SPDR Gold Trust (GLD) in Q4 2025, closing a stake of 96,309 shares — an estimated $34.2M sold.

Cercano Management first reported a position in GLD in Q4 2022 and held it in 11 quarters. The position peaked at $38.4M in Q3 2024. 3,061 funds tracked by Wall St. Rank hold GLD as of Q4 2025.

Cercano Management reported no remaining SPDR Gold Trust position as of Q4 2025 after selling out during the quarter.
Cercano Management sold 96,309 SPDR Gold Trust shares in Q4 2025, an estimated $34.2M.
Cercano Management first reported a position in SPDR Gold Trust in Q4 2022 and held it in 11 quarters.
Cercano Management's SPDR Gold Trust position peaked at $38.4M in Q3 2024.
3,061 funds tracked by Wall St. Rank held SPDR Gold Trust as of Q4 2025.

Based on Cercano Management's 13F filing for Q4 2025, filed 10 Feb 2026.