We are live on ! Find out more
GLD icon

SPDR Gold Trust
GLD

2,761 hedge funds and large institutions have $48.6B invested in SPDR Gold Trust in 2025 Q3 according to their latest regulatory filings, with 246 funds opening new positions, 1,134 increasing their positions, 778 reducing their positions, and 91 closing their positions.

New
Increased
Maintained
Reduced
Closed

170% more first-time investments, than exits

New positions opened: 246 | Existing positions closed: 91

68% more call options, than puts

Call options by funds: $74.5B | Put options by funds: $44.4B

46% more repeat investments, than reductions

Existing positions increased: 1,134 | Existing positions reduced: 778

19% more capital invested

Capital invested by funds: $40.8B → $48.6B (+$7.8B)

8% more funds holding in top 10

Funds holding in top 10: 234 → 252 (+18)

4% more funds holding

Funds holding: 2,650 → 2,761 (+111)

2.64% less ownership

Funds ownership: 42.03% → 39.39% (-2.6%)

Holders
2,761
Holders Change
+111
Holders Change %
+4.19%
% of All Funds
36.23%
Holding in Top 10
252
Holding in Top 10 Change
+18
Holding in Top 10 Change %
+7.69%
% of All Funds
3.31%
New
246
Increased
1,134
Reduced
778
Closed
91
Calls
$74.5B
Puts
$44.4B
Net Calls
+$30.1B
Net Calls Change
+$14.2B

Top Buyers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$499M
2
JG
Jain Global
New York
+$422M
3
Bank of America
Bank of America
North Carolina
+$288M
4
Citigroup
Citigroup
New York
+$274M
5
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$175M

Top Sellers

Rank Fund Capital Flow
1
PCP
Proficio Capital Partners
Massachusetts
-$631M
2
Goldman Sachs
Goldman Sachs
New York
-$500M
3
BA
Bridgewater Associates
Connecticut
-$337M
4
JP Morgan Chase
JP Morgan Chase
New York
-$275M
5
VF
Virtu Financial
New York
-$266M
Name Holding Trade Value Shares
Change 		Change in
Stake
KF
2826
KKM Financial
Illinois
– -$269K -884 Closed
SWGC
2827
Summit Wealth Group (Colorado)
Colorado
– -$262K -860 Closed
MWM
2828
Momentous Wealth Management
Washington
– -$254K -832 Closed
FWM
2829
FLP Wealth Management
Arkansas
– -$253K -831 Closed
BMM
2830
Berkshire Money Management
Massachusetts
– -$249K -816 Closed
CG
2831
Clifford Group
Massachusetts
– -$246K -807 Closed
SHFP
2832
Second Half Financial Partners
Florida
– -$242K -793 Closed
W
2833
Wealthquest
Ohio
– -$234K -766 Closed
WWM
2834
WJ Wealth Management
Arizona
– -$222K -728 Closed
TCFP
2835
Treasure Coast Financial Planning
Florida
– -$215K -705 Closed
PIA
2836
Pinion Investment Advisors
Kansas
– -$214K -702 Closed
VA
2837
Vident Advisory
Georgia
– -$210K -688 Closed
CAMV
2838
Concord Asset Management (Virginia)
Virginia
– -$207K -679 Closed
ACA
2839
Affinity Capital Advisors
California
– -$205K -671 Closed
WIC
2840
Woodmont Investment Counsel
Tennessee
– -$203K -666 Closed
CPWA
2841
Cerro Pacific Wealth Advisors
California
– -$201K -660 Closed
CF
2842
Cantor Fitzgerald
New York
– -$186K -609 Closed
BIG
2843
Brooklyn Investment Group
New York
– -$180K -591 Closed
RQS
2844
Ramsey Quantitative Systems
Kentucky
– -$152K -500 Closed
CPA
2845
Compass Planning Associates
Massachusetts
– -$110K -360 Closed
RTC
2846
Riverview Trust Company
Washington
– -$61K -200 Closed
NCM
2847
Northwest Capital Management
Oregon
– -$59.7K -196 Closed
NA
2848
Nordwand Advisors
Pennsylvania
– -$56.4K -185 Closed
WW
2849
Winnow Wealth
Texas
– -$51.8K -170 Closed
BGC
2850
Beutel, Goodman & Co
Ontario, Canada
– -$45K -150 Closed
111 112 113
114
115

GLD Hedge Fund Activity: Q3 2025 in Review

2,761 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q3 2025, worth a combined $48.6B — up 19% from $40.8B a quarter earlier.

Buyers outnumbered sellers: 246 funds opened new GLD positions and 91 closed out — a net gain of 155 holders — while 1,134 added to existing stakes and 778 trimmed.

The largest buyer was Bank of Montreal, opening a new position worth an estimated $499M. The largest seller was Proficio Capital Partners, cutting an estimated $631M.

  • 2,761 institutional investors held SPDR Gold Trust (GLD) as of Q3 2025, up from 2,650 in Q2 2025.
  • Funds reported $48.6B of SPDR Gold Trust stock for Q3 2025, up 19% quarter-over-quarter.
  • 246 funds opened new SPDR Gold Trust positions in Q3 2025 and 91 closed out, a net change of +155 holders.
  • The largest SPDR Gold Trust buyer in Q3 2025 was Bank of Montreal, an estimated $499M added.
  • The largest SPDR Gold Trust seller in Q3 2025 was Proficio Capital Partners, an estimated $631M sold.

Based on aggregated 13F filings for Q3 2025.