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SPDR Gold Trust
GLD

3,006 hedge funds and large institutions have $48.9B invested in SPDR Gold Trust in 2026 Q2 according to their latest regulatory filings, with 144 funds opening new positions, 1,003 increasing their positions, 1,159 reducing their positions, and 228 closing their positions.

New
Increased
Maintained
Reduced
Closed

51% more call options, than puts

Call options by funds: $65.8B | Put options by funds: $43.5B

0.68% more ownership

Funds ownership: 37.13% → 37.81% (+0.68%)

5% less funds holding

Funds holding: 3,163 → 3,006 (-157)

13% less repeat investments, than reductions

Existing positions increased: 1,003 | Existing positions reduced: 1,159

17% less capital invested

Capital invested by funds: $59.1B → $48.9B (-$10.2B)

37% less first-time investments, than exits

New positions opened: 144 | Existing positions closed: 228

39% less funds holding in top 10

Funds holding in top 10: 344 → 211 (-133)

Holders
3,006
Holders Change
-157
Holders Change %
-4.96%
% of All Funds
36.38%
Holding in Top 10
211
Holding in Top 10 Change
-133
Holding in Top 10 Change %
-38.66%
% of All Funds
2.55%
New
144
Increased
1,003
Reduced
1,159
Closed
228
Calls
$65.8B
Puts
$43.5B
Net Calls
+$22.3B
Net Calls Change
+$1.79B

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$636M
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$518M
3
MB
Mizuho Bank
Japan
+$336M
4
AFO
Allie Family Office
Florida
+$287M
5
BOK
Bank of Korea
South Korea
+$282M

Top Sellers

Rank Fund Capital Flow
1
APSPRSPT
Arizona Public Safety Personnel Retirement System (PSPRS) Trust
Arizona
-$312M
2
DAM
Diamant Asset Management
Connecticut
-$288M
3
JG
Jain Global
New York
-$205M
4
Fidelity International
Fidelity International
Bermuda
-$198M
5
JP Morgan Chase
JP Morgan Chase
New York
-$194M
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
26
US Bancorp
Minnesota
$298M -$8.78M -21,187 -3%
MB
27
Mizuho Bank
Japan
$298M +$336M +810,000 New
Northern Trust
28
Northern Trust
Illinois
$290M -$18M -43,378 -5%
PIS
29
PPSC Investment Service
Japan
$285M -$3.98M -9,609 -1%
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$262M +$1.4M +3,371 +0.5%
SG Americas Securities
31
SG Americas Securities
New York
$256M -$78M -188,320 -21%
BOK
32
Bank of Korea
South Korea
$250M +$282M +679,765 New
Stifel Financial
33
Stifel Financial
Missouri
$245M -$6.64M -16,029 -2%
BCL
34
Bracebridge Capital LLC
Massachusetts
$233M -$133M -320,000 -34%
SILC
35
Starr Indemnity & Liability Company
New York
$228M +$4.8M +11,585 +2%
SMFG
36
Sumitomo Mitsui Financial Group
Japan
$228M +$11.5M +27,763 +5%
BS
37
Banco Santander
Spain
$219M +$35.7M +86,294 +17%
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$211M -$4.97M -12,001 -2%
Truist Financial
39
Truist Financial
North Carolina
$196M -$17.3M -41,869 -7%
AIM
40
Allen Investment Management
New York
$196M +$13.6M +32,896 +7%
OAG
41
Orbis Allan Gray
Bermuda
$184M +$10.8M +26,091 +6%
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$178M -$1.61M -3,896 -0.8%
OCA
43
OpenArc Corporate Advisory
Georgia
$176M +$18.4M +44,347 +10%
BL
44
Bleichroeder LP
New York
$175M – – –
WI
45
WealthNavi Inc
Japan
$171M -$21.9M -52,776 -10%
SFA
46
Sequoia Financial Advisors
Ohio
$168M -$5.37M -12,959 -3%
Focus Partners Wealth
47
Focus Partners Wealth
Massachusetts
$159M -$7.07M -17,067 -4%
VF
48
Virtu Financial
New York
$159M +$179M +431,046 New
Cerity Partners
49
Cerity Partners
New York
$156M -$2.58M -6,217 -1%
Mitsubishi UFJ Trust & Banking
50
Mitsubishi UFJ Trust & Banking
Japan
$155M – – –
1
2
3 4 5

GLD Hedge Fund Activity: Q2 2026 in Review

3,006 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q2 2026, worth a combined $48.9B — down 17% from $59.1B a quarter earlier.

Sellers outnumbered buyers: 228 funds closed out of GLD and 144 opened new positions — a net loss of 84 holders — while 1,159 trimmed existing stakes and 1,003 added.

The largest buyer was BlackRock, adding an estimated $636M. The largest seller was Arizona Public Safety Personnel Retirement System (PSPRS) Trust, exiting entirely with an estimated $312M sold.

  • 3,006 institutional investors held SPDR Gold Trust (GLD) as of Q2 2026, down from 3,163 in Q1 2026.
  • Funds reported $48.9B of SPDR Gold Trust stock for Q2 2026, down 17% quarter-over-quarter.
  • 144 funds opened new SPDR Gold Trust positions in Q2 2026 and 228 closed out, a net change of -84 holders.
  • The largest SPDR Gold Trust buyer in Q2 2026 was BlackRock, an estimated $636M added.
  • The largest SPDR Gold Trust seller in Q2 2026 was Arizona Public Safety Personnel Retirement System (PSPRS) Trust, an estimated $312M sold.

Based on aggregated 13F filings for Q2 2026.