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.
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
22% more capital invested
Capital invested by funds: $818M → $998M (+$180M)
20% more funds holding in top 10
Funds holding in top 10: 10 → 12 (+2)
9% more funds holding
Funds holding: 227 → 248 (+21)
0.63% more ownership
Funds ownership: 33.82% → 34.45% (+0.63%)
22% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 90
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
+$27M |
| 2 |
VF
Virtu Financial
New York
|
+$24.3M |
| 3 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$20.7M |
| 4 |
NIM
NEOS Investment Management
Westport,
Connecticut
|
+$19.8M |
| 5 |
Goldman Sachs
New York
|
+$9.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
-$8.97M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.35M |
| 3 |
OPCM
Osborne Partners Capital Management
San Francisco,
California
|
-$5.25M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$4.85M |
| 5 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$3.36M |
AAAU Hedge Fund Activity: Q1 2026 in Review
248 of the 8,187 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 — up 22% from $818M 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 Exchange Traded Concepts, cutting an estimated $8.97M.
- 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, up 22% 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 Exchange Traded Concepts, an estimated $8.97M sold.
Based on aggregated 13F filings for Q1 2026.