SPDR Gold Trust
GLD
930 hedge funds and large institutions have $14B invested in SPDR Gold Trust in 2017 Q3 according to their latest regulatory filings, with 78 funds opening new positions, 330 increasing their positions, 281 reducing their positions, and 61 closing their positions.
150% more call options, than puts
Call options by funds: $13.7B | Put options by funds: $5.49B
28% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 61
17% more repeat investments, than reductions
Existing positions increased: 330 | Existing positions reduced: 281
12% more capital invested
Capital invested by funds: $12.5B → $14B (+$1.52B)
3.3% more ownership
Funds ownership: 36.03% → 39.33% (+3.3%)
1% more funds holding in top 10
Funds holding in top 10: 71 → 72 (+1)
1% more funds holding
Funds holding: 920 → 930 (+10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$411M |
| 2 |
BA
Bridgewater Associates
Westport,
Connecticut
|
+$403M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$274M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$250M |
| 5 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$144M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OW
Orbis World
Road Town, Tortola,
British Virgin Islands
|
-$140M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$114M |
| 3 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
-$114M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$87.8M |
| 5 |
SG Americas Securities
New York
|
-$75.3M |
GLD Hedge Fund Activity: Q3 2017 in Review
930 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q3 2017, worth a combined $14B — up 12% from $12.5B a quarter earlier.
Buyers outnumbered sellers: 78 funds opened new GLD positions and 61 closed out — a net gain of 17 holders — while 330 added to existing stakes and 281 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $411M. The largest seller was Orbis World, exiting entirely with an estimated $140M sold.
- 930 institutional investors held SPDR Gold Trust (GLD) as of Q3 2017, up from 920 in Q2 2017.
- Funds reported $14B of SPDR Gold Trust stock for Q3 2017, up 12% quarter-over-quarter.
- 78 funds opened new SPDR Gold Trust positions in Q3 2017 and 61 closed out, a net change of +17 holders.
- The largest SPDR Gold Trust buyer in Q3 2017 was Morgan Stanley, an estimated $411M added.
- The largest SPDR Gold Trust seller in Q3 2017 was Orbis World, an estimated $140M sold.
Based on aggregated 13F filings for Q3 2017.