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SPDR Gold Trust
GLD

1,075 hedge funds and large institutions have $15B invested in SPDR Gold Trust in 2018 Q1 according to their latest regulatory filings, with 123 funds opening new positions, 370 increasing their positions, 313 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more first-time investments, than exits

New positions opened: 123 | Existing positions closed: 68

65% more call options, than puts

Call options by funds: $11.3B | Put options by funds: $6.88B

29% more funds holding in top 10

Funds holding in top 10: 69 → 89 (+20)

18% more repeat investments, than reductions

Existing positions increased: 370 | Existing positions reduced: 313

6% more capital invested

Capital invested by funds: $14.1B → $15B (+$829M)

4% more funds holding

Funds holding: 1,029 → 1,075 (+46)

1.13% more ownership

Funds ownership: 40.2% → 41.33% (+1.1%)

Holders
1,075
Holders Change
+46
Holders Change %
+4.47%
% of All Funds
24.64%
Holding in Top 10
89
Holding in Top 10 Change
+20
Holding in Top 10 Change %
+28.99%
% of All Funds
2.04%
New
123
Increased
370
Reduced
313
Closed
68
Calls
$11.3B
Puts
$6.88B
Net Calls
+$4.45B
Net Calls Change
-$1.4B

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$710M
2
Barclays
Barclays
United Kingdom
+$433M
3
CA
Commerzbank Aktiengesellschaft
Germany
+$152M
4
FI
FormulaFolio Investments
Michigan
+$143M
5
Bank of America
Bank of America
North Carolina
+$121M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$562M
2
CI Investments Inc
CI Investments Inc
Ontario, Canada
-$233M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$231M
4
JP Morgan Chase
JP Morgan Chase
New York
-$176M
5
BPC
Banque Pictet & Cie
Switzerland
-$120M
Name Holding Trade Value Shares
Change 		Change in
Stake
STMM
26
South Texas Money Management
Texas
$82.9M +$2.89M +22,904 +4%
AL
27
Arnhold LLC
New York
$77.8M +$78M +618,665 New
State of New Jersey Common Pension Fund D
28
State of New Jersey Common Pension Fund D
New Jersey
$77.6M – – –
CA
29
Cambridge Associates
Massachusetts
$77.1M – – –
IC
30
Iconiq Capital
California
$72.9M -$22.6M -179,074 -24%
JCG
31
JHL Capital Group
Illinois
$69.2M +$69.4M +550,000 New
Bank of New York Mellon
32
Bank of New York Mellon
New York
$69M +$949K +7,524 +1%
Goldman Sachs
33
Goldman Sachs
New York
$67.4M -$32M -253,360 -32%
Bank of Nova Scotia
34
Bank of Nova Scotia
Ontario, Canada
$62.9M +$12.6M +100,000 +25%
AHSSHC
35
Adventist Health System Sunbelt Healthcare Corp
Florida
$62.6M – – –
GLI
36
Guardian Life Insurance
New York
$62.5M – – –
3AM
37
3EDGE Asset Management
Florida
$61.9M +$62M +491,900 New
B
38
Bailard
California
$59.3M +$2.34M +18,534 +4%
RJA
39
Raymond James & Associates
Florida
$58.6M +$7.14M +56,609 +14%
Northern Trust
40
Northern Trust
Illinois
$56.4M -$1.07M -8,480 -2%
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$54.9M +$3.68M +29,150 +7%
UCFA
42
United Capital Financial Advisors
Texas
$53.8M -$1.15M -9,096 -2%
AAM
43
American Asset Management
Florida
$53.6M +$50.8M +402,869 +1,721%
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$53.3M -$231M -1,833,281 -81%
RJFSA
45
Raymond James Financial Services Advisors
Florida
$53M +$10M +79,477 +23%
Lazard Asset Management
46
Lazard Asset Management
New York
$52.3M +$5.21M +41,329 +11%
OU
47
Optiver US
Illinois
$49.4M -$24.6M -195,399 -33%
Fifth Third Bancorp
48
Fifth Third Bancorp
Ohio
$49.1M -$22.8M -180,944 -32%
DPRC
49
Deer Park Road Corp
Colorado
$48.6M +$48.7M +386,200 New
Millennium Management
50
Millennium Management
New York
$47.9M +$33.6M +266,068 +232%
1
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GLD Hedge Fund Activity: Q1 2018 in Review

1,075 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q1 2018, worth a combined $15B — up 5.9% from $14.1B a quarter earlier.

Buyers outnumbered sellers: 123 funds opened new GLD positions and 68 closed out — a net gain of 55 holders — while 370 added to existing stakes and 313 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $710M. The largest seller was BlackRock, cutting an estimated $562M.

  • 1,075 institutional investors held SPDR Gold Trust (GLD) as of Q1 2018, up from 1,029 in Q4 2017.
  • Funds reported $15B of SPDR Gold Trust stock for Q1 2018, up 5.9% quarter-over-quarter.
  • 123 funds opened new SPDR Gold Trust positions in Q1 2018 and 68 closed out, a net change of +55 holders.
  • The largest SPDR Gold Trust buyer in Q1 2018 was Morgan Stanley, an estimated $710M added.
  • The largest SPDR Gold Trust seller in Q1 2018 was BlackRock, an estimated $562M sold.

Based on aggregated 13F filings for Q1 2018.