Goldman Sachs Physical Gold ETF Shares
AAAU
207 hedge funds and large institutions have $695M invested in Goldman Sachs Physical Gold ETF Shares in 2025 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 73 increasing their positions, 55 reducing their positions, and 17 closing their positions.
376% more call options, than puts
Call options by funds: $1.02M | Put options by funds: $215K
135% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 17
34% more capital invested
Capital invested by funds: $520M → $695M (+$174M)
33% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 55
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
11% more funds holding
Funds holding: 187 → 207 (+20)
1.39% more ownership
Funds ownership: 33.81% → 35.21% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
NEOS Investment Management
Westport,
Connecticut
|
+$23.3M |
| 2 |
WFA
Wellspring Financial Advisors
Cleveland,
Ohio
|
+$11.6M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$11.2M |
| 4 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$5.81M |
| 5 |
TF
Tandem Financial
Greenwood Village,
Colorado
|
+$5.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
-$11.7M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$5.96M |
| 3 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
-$2.99M |
| 4 |
CL
CLG LLC
Long Beach,
California
|
-$2.87M |
| 5 |
SIM
Stratos Investment Management
Beachwood,
Ohio
|
-$2.72M |
AAAU Hedge Fund Activity: Q3 2025 in Review
207 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs Physical Gold ETF Shares (AAAU) for Q3 2025, worth a combined $695M — up 34% from $520M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new AAAU positions and 17 closed out — a net gain of 23 holders — while 73 added to existing stakes and 55 trimmed.
The largest buyer was NEOS Investment Management, adding an estimated $23.3M. The largest seller was Quadrature Capital, cutting an estimated $11.7M.
- 207 institutional investors held Goldman Sachs Physical Gold ETF Shares (AAAU) as of Q3 2025, up from 187 in Q2 2025.
- Funds reported $695M of Goldman Sachs Physical Gold ETF Shares stock for Q3 2025, up 34% quarter-over-quarter.
- 40 funds opened new Goldman Sachs Physical Gold ETF Shares positions in Q3 2025 and 17 closed out, a net change of +23 holders.
- The largest Goldman Sachs Physical Gold ETF Shares buyer in Q3 2025 was NEOS Investment Management, an estimated $23.3M added.
- The largest Goldman Sachs Physical Gold ETF Shares seller in Q3 2025 was Quadrature Capital, an estimated $11.7M sold.
Based on aggregated 13F filings for Q3 2025.