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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
ARC
176
Advisor Resource Council
Texas
$320K – – –
BBP
177
Banco BTG Pactual
Brazil
$320K +$333K +6,936 New
SWM
178
Spire Wealth Management
Virginia
$319K – – –
AWM
179
AE Wealth Management
Kansas
$318K -$528K -10,980 -61%
TF
180
Trek Financial
Arizona
$313K +$22.6K +469 +7%
AWA
181
Aaron Wealth Advisors
Illinois
$309K – – –
FF
182
Friday Financial
Iowa
$308K – – –
UBS Group
183
UBS Group
Switzerland
$303K -$541K -11,246 -63%
PWA
184
Primoris Wealth Advisors
Florida
$301K – – –
AQR Capital Management
185
AQR Capital Management
Connecticut
$289K +$301K +6,250 New
MCM
186
MAI Capital Management
Ohio
$287K -$1.39K -29 -0.5%
Vontobel Holding
187
Vontobel Holding
Switzerland
$277K – – –
WTFG
188
Wood Tarver Financial Group
Idaho
$274K -$15.6K -324 -5%
EWA
189
EverSource Wealth Advisors
Alabama
$268K -$110K -2,294 -28%
AB
190
Atlas Brown
Kentucky
$266K +$44K +916 +19%
GCM
191
Gambit Capital Management
Tennessee
$261K +$272K +5,657 New
FA
192
Flagstar Advisors
New York
$257K -$38.8K -808 -13%
Wealth Enhancement Advisory Services
193
Wealth Enhancement Advisory Services
Minnesota
$254K +$137K +2,858 +108%
CAPTRUST Financial Advisors
194
CAPTRUST Financial Advisors
North Carolina
$251K +$23K +478 +10%
PA
195
PFG Advisors
Arizona
$249K +$529 +11 +0.2%
MSA
196
Marino Stram & Associates
Massachusetts
$242K – – –
CHWM
197
Cauble & Harre Wealth Management
Missouri
$239K +$248K +5,150 New
LCAM
198
London & Capital Asset Management
United Kingdom
$236K – – –
SWM
199
SeaCrest Wealth Management
New York
$229K – – –
PTC
200
Private Trust Company
Ohio
$228K -$1.11K -23 -0.4%
6 7
8
9 10

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.