SPDR Gold Trust
GLD
811 hedge funds and large institutions have $11B invested in SPDR Gold Trust in 2014 Q1 according to their latest regulatory filings, with 94 funds opening new positions, 231 increasing their positions, 341 reducing their positions, and 67 closing their positions.
49% more call options, than puts
Call options by funds: $6.42B | Put options by funds: $4.3B
40% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 67
21% more funds holding in top 10
Funds holding in top 10: 70 → 85 (+15)
7% more capital invested
Capital invested by funds: $10.2B → $11B (+$741M)
2% more funds holding
Funds holding: 792 → 811 (+19)
1.28% more ownership
Funds ownership: 31.93% → 33.21% (+1.3%)
32% less repeat investments, than reductions
Existing positions increased: 231 | Existing positions reduced: 341
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Hamel Associates
Chatham,
New Jersey
|
+$386M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$206M |
| 3 |
ICP
Indus Capital Partners
New York
|
+$198M |
| 4 |
SIM
Stelliam Investment Management
New York
|
+$103M |
| 5 |
Morgan Stanley
New York
|
+$103M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$246M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$231M |
| 3 |
CTC (Chicago Trading Company)
Chicago,
Illinois
|
-$175M |
| 4 |
Goldman Sachs
New York
|
-$116M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$101M |
GLD Hedge Fund Activity: Q1 2014 in Review
811 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q1 2014, worth a combined $11B — up 7.3% from $10.2B a quarter earlier.
Buyers outnumbered sellers: 94 funds opened new GLD positions and 67 closed out — a net gain of 27 holders — while 231 added to existing stakes and 341 trimmed.
The largest buyer was Hamel Associates, adding an estimated $386M. The largest seller was Susquehanna International Group, cutting an estimated $246M.
- 811 institutional investors held SPDR Gold Trust (GLD) as of Q1 2014, up from 792 in Q4 2013.
- Funds reported $11B of SPDR Gold Trust stock for Q1 2014, up 7.3% quarter-over-quarter.
- 94 funds opened new SPDR Gold Trust positions in Q1 2014 and 67 closed out, a net change of +27 holders.
- The largest SPDR Gold Trust buyer in Q1 2014 was Hamel Associates, an estimated $386M added.
- The largest SPDR Gold Trust seller in Q1 2014 was Susquehanna International Group, an estimated $246M sold.
Based on aggregated 13F filings for Q1 2014.