SPDR Gold Trust
GLD
1,042 hedge funds and large institutions have $13.1B invested in SPDR Gold Trust in 2018 Q2 according to their latest regulatory filings, with 66 funds opening new positions, 341 increasing their positions, 341 reducing their positions, and 88 closing their positions.
254% more call options, than puts
Call options by funds: $14.3B | Put options by funds: $4.03B
0% more repeat investments, than reductions
Existing positions increased: 341 | Existing positions reduced: 341
1.73% less ownership
Funds ownership: 41.33% → 39.6% (-1.7%)
3% less funds holding
Funds holding: 1,076 → 1,042 (-34)
11% less funds holding in top 10
Funds holding in top 10: 89 → 79 (-10)
12% less capital invested
Capital invested by funds: $15B → $13.1B (-$1.84B)
25% less first-time investments, than exits
New positions opened: 66 | Existing positions closed: 88
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$1.1B |
| 2 |
JP Morgan Chase
New York
|
+$334M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$163M |
| 4 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$93.5M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$88.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$833M |
| 2 |
Morgan Stanley
New York
|
-$677M |
| 3 |
BlackRock
New York
|
-$380M |
| 4 |
Barclays
London,
United Kingdom
|
-$325M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$183M |
GLD Hedge Fund Activity: Q2 2018 in Review
1,042 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q2 2018, worth a combined $13.1B — down 12% from $15B a quarter earlier.
Sellers outnumbered buyers: 88 funds closed out of GLD and 66 opened new positions — a net loss of 22 holders — while 341 trimmed existing stakes and 341 added.
The largest buyer was Fidelity International, opening a new position worth an estimated $1.1B. The largest seller was Fidelity Investments, cutting an estimated $833M.
- 1,042 institutional investors held SPDR Gold Trust (GLD) as of Q2 2018, down from 1,076 in Q1 2018.
- Funds reported $13.1B of SPDR Gold Trust stock for Q2 2018, down 12% quarter-over-quarter.
- 66 funds opened new SPDR Gold Trust positions in Q2 2018 and 88 closed out, a net change of -22 holders.
- The largest SPDR Gold Trust buyer in Q2 2018 was Fidelity International, an estimated $1.1B added.
- The largest SPDR Gold Trust seller in Q2 2018 was Fidelity Investments, an estimated $833M sold.
Based on aggregated 13F filings for Q2 2018.