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

Dialectic Capital 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
2017 Q1	–	Sell	-50,000	Closed	-$5.48M	–	66
2016 Q4	$5.48M	Hold	50,000	–	–	3.08%	9
2016 Q3	$6.28M	Sell	50,000 -35,000	-41%	-$4.46M	3.91%	5
2016 Q2	$10.8M	Sell	85,000 -157,400	-65%	-$18.9M	3.55%	5
2016 Q1	$28.5M	Sell	242,400 -57,600	-19%	-$6.53M	13.34%	2
2015 Q4	$30.4M	Sell	300,000 -200,000	-40%	-$21.1M	8.76%	2
2015 Q3	$53.4M	Buy	+500,000	New	+$53.9M	17.43%	1
2015 Q2	–	Sell	-92,900	Closed	-$10.6M	–	209
2015 Q1	$10.6M	Sell	92,900 -59,600	-39%	-$6.97M	1.84%	5
2014 Q4	$17.3M	Buy	152,500 +82,500	+118%	+$9.52M	3.27%	2
2014 Q3	$8.13M	Hold	70,000	–	–	1.91%	9
2014 Q2	$8.96M	Buy	+70,000	New	+$8.7M	2.83%	4
2013 Q3	–	Sell	-728,200	Closed	-$86.7M	–	194
2013 Q2	$86.7M	Buy	+728,200	New	+$99.7M	12.63%	1

Other funds holding GLD

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

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

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

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

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

Paulson & Co New York $2.58B AUM 68.51% 1-Year Est. Return

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

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Orbis World Road Town, Tortola, British Virgin Islands $154M AUM 2.78% 1-Year Est. Return

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

Dialectic Capital Management's GLD Position: Q1 2017 in Review

Dialectic Capital Management sold out of SPDR Gold Trust (GLD) in Q1 2017, closing a stake of 40,220 shares — an estimated $4.41M sold.

Dialectic Capital Management first reported a position in GLD in Q4 2013 and held it in 5 quarters. The position peaked at $7.54M in Q3 2016. 914 funds tracked by Wall St. Rank hold GLD as of Q1 2017.

Dialectic Capital Management reported no remaining SPDR Gold Trust position as of Q1 2017 after selling out during the quarter.
Dialectic Capital Management sold 40,220 SPDR Gold Trust shares in Q1 2017, an estimated $4.41M.
Dialectic Capital Management first reported a position in SPDR Gold Trust in Q4 2013 and held it in 5 quarters.
Dialectic Capital Management's SPDR Gold Trust position peaked at $7.54M in Q3 2016.
914 funds tracked by Wall St. Rank held SPDR Gold Trust as of Q1 2017.

Based on Dialectic Capital Management's 13F filing for Q1 2017, filed 11 May 2017.