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

Sandler 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
2019 Q1	–	Sell	-300,000	Closed	-$36.4M	–	129
2018 Q4	$36.4M	Buy	+300,000	New	+$34.9M	3.08%	9
2014 Q3	–	Sell	-363,100	Closed	-$46.5M	–	201
2014 Q2	$46.5M	Sell	363,100 -11,900	-3%	-$1.48M	1.95%	3
2014 Q1	$46.4M	Buy	+375,000	New	+$46.7M	1.63%	7

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

Sandler Capital Management's GLD Position: Q4 2025 in Review

Sandler Capital Management sold out of SPDR Gold Trust (GLD) in Q4 2025, closing a stake of 7,700 shares — an estimated $2.74M sold.

Sandler Capital Management first reported a position in GLD in Q2 2013 and held it in 8 quarters. The position peaked at $50.2M in Q4 2018. 3,061 funds tracked by Wall St. Rank hold GLD as of Q4 2025.

Sandler Capital Management reported no remaining SPDR Gold Trust position as of Q4 2025 after selling out during the quarter.
Sandler Capital Management sold 7,700 SPDR Gold Trust shares in Q4 2025, an estimated $2.74M.
Sandler Capital Management first reported a position in SPDR Gold Trust in Q2 2013 and held it in 8 quarters.
Sandler Capital Management's SPDR Gold Trust position peaked at $50.2M in Q4 2018.
3,061 funds tracked by Wall St. Rank held SPDR Gold Trust as of Q4 2025.

Based on Sandler Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.