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Goldman Sachs Physical Gold ETF Shares
AAAU

248 hedge funds and large institutions have $998M invested in Goldman Sachs Physical Gold ETF Shares in 2026 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 70 increasing their positions, 90 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

358% more call options, than puts

Call options by funds: $5.31M | Put options by funds: $1.16M

132% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 19

20% more funds holding in top 10

Funds holding in top 10: 10 → 12 (+2)

9% more funds holding

Funds holding: 227 → 248 (+21)

0.6% more ownership

Funds ownership: 33.85% → 34.45% (+0.6%)

22% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 90

42% less capital invested

Capital invested by funds: $1.72B → $998M (-$723M)

Holders
248
Holders Change
+21
Holders Change %
+9.25%
% of All Funds
3.05%
Holding in Top 10
12
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+20%
% of All Funds
0.15%
New
44
Increased
70
Reduced
90
Closed
19
Calls
$5.31M
Puts
$1.16M
Net Calls
+$4.15M
Net Calls Change
+$3.54M

Top Buyers

1
QC
Quadrature Capital
United Kingdom
+$27M
2
VF
Virtu Financial
New York
+$24.3M
3
PCP
Proficio Capital Partners
Massachusetts
+$20.7M
4
NIM
NEOS Investment Management
Connecticut
+$19.8M
5
Goldman Sachs
Goldman Sachs
New York
+$9.63M

Top Sellers

1
JSC
J. Stern & Co
United Kingdom
-$902M
2
ETC
Exchange Traded Concepts
Oklahoma
-$8.97M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$5.35M
4
OPCM
Osborne Partners Capital Management
California
-$5.25M
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$4.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
OC
76
Optima Capital
Oregon
$2.14M -$195K -4,059 -8%
KPWS
77
Kestra Private Wealth Services
Texas
$2.13M -$421K -8,754 -16%
SWM
78
Silverlake Wealth Management
Vermont
$2.09M +$95.6K +1,988 +5%
Tudor Investment Corp
79
Tudor Investment Corp
Connecticut
$1.93M +$137K +2,849 +7%
EMAM
80
Encompass More Asset Management
California
$1.92M +$642K +13,360 +47%
EH
81
Equitable Holdings
New York
$1.86M +$360K +7,494 +21%
AWM
82
Apollon Wealth Management
South Carolina
$1.8M +$96 +2 +0%
SFS
83
Sowell Financial Services
Arkansas
$1.77M +$1.84M +38,272 New
PAG
84
Private Advisor Group
New Jersey
$1.73M +$186K +3,872 +12%
GCM
85
Generation Capital Management
New York
$1.71M +$129K +2,675 +8%
WWM
86
Walser Wealth Management
Florida
$1.68M -$1.2M -24,856 -41%
MML Investors Services
87
MML Investors Services
Massachusetts
$1.63M -$869K -18,071 -34%
BFM
88
Boothbay Fund Management
New York
$1.58M +$221K +4,600 +15%
VIPI
89
Vista Investment Partners II
Indiana
$1.56M +$451K +9,374 +38%
Janney Montgomery Scott
90
Janney Montgomery Scott
Pennsylvania
$1.49M -$69.6K -1,448 -4%
WA
91
Waverly Advisors
Alabama
$1.47M +$1.53M +31,832 New
ASN
92
Advisory Services Network
Georgia
$1.46M -$194K -4,032 -11%
RIA
93
Regal Investment Advisors
Michigan
$1.45M -$753K -15,657 -33%
EWA
94
Exit Wealth Advisors
Georgia
$1.45M – – –
Morgan Stanley
95
Morgan Stanley
New York
$1.4M +$462K +9,615 +46%
GPA
96
Guidance Point Advisors
Massachusetts
$1.39M -$162K -3,373 -10%
HT
97
Headlands Technologies
Illinois
$1.34M +$965K +20,072 +224%
IF
98
Intrua Financial
Texas
$1.31M +$416K +8,645 +44%
M
99
MATAURO
New York
$1.29M -$37.6K -783 -3%
IAG
100
Ipsen Advisor Group
Arkansas
$1.2M +$1.25M +25,923 New
2 3
4
5 6

AAAU Hedge Fund Activity: Q1 2026 in Review

248 of the 8,125 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs Physical Gold ETF Shares (AAAU) for Q1 2026, worth a combined $998M — down 42% from $1.72B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new AAAU positions and 19 closed out — a net gain of 25 holders — while 70 added to existing stakes and 90 trimmed.

The largest buyer was Quadrature Capital, opening a new position worth an estimated $27M. The largest seller was J. Stern & Co, exiting entirely with an estimated $902M sold.

  • 248 institutional investors held Goldman Sachs Physical Gold ETF Shares (AAAU) as of Q1 2026, up from 227 in Q4 2025.
  • Funds reported $998M of Goldman Sachs Physical Gold ETF Shares stock for Q1 2026, down 42% quarter-over-quarter.
  • 44 funds opened new Goldman Sachs Physical Gold ETF Shares positions in Q1 2026 and 19 closed out, a net change of +25 holders.
  • The largest Goldman Sachs Physical Gold ETF Shares buyer in Q1 2026 was Quadrature Capital, an estimated $27M added.
  • The largest Goldman Sachs Physical Gold ETF Shares seller in Q1 2026 was J. Stern & Co, an estimated $902M sold.

Based on aggregated 13F filings for Q1 2026.