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SPDR Gold Trust
GLD

1,903 hedge funds and large institutions have $22.2B invested in SPDR Gold Trust in 2023 Q1 according to their latest regulatory filings, with 202 funds opening new positions, 652 increasing their positions, 626 reducing their positions, and 92 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 202 | Existing positions closed: 92

110% more call options, than puts

Call options by funds: $27.4B | Put options by funds: $13.1B

8% more funds holding in top 10

Funds holding in top 10: 168 → 181 (+13)

4% more funds holding

Funds holding: 1,831 → 1,903 (+72)

4% more repeat investments, than reductions

Existing positions increased: 652 | Existing positions reduced: 626

0.07% more ownership

Funds ownership: 38.19% → 38.25% (+0.07%)

16% less capital invested

Capital invested by funds: $26.5B → $22.2B (-$4.23B)

Holders
1,903
Holders Change
+72
Holders Change %
+3.93%
% of All Funds
30.33%
Holding in Top 10
181
Holding in Top 10 Change
+13
Holding in Top 10 Change %
+7.74%
% of All Funds
2.88%
New
202
Increased
652
Reduced
626
Closed
92
Calls
$27.4B
Puts
$13.1B
Net Calls
+$14.3B
Net Calls Change
+$6.21B

Top Buyers

Rank Fund Capital Flow
1
CTC (Chicago Trading Company)
CTC (Chicago Trading Company)
Illinois
+$193M
2
Bank of America
Bank of America
North Carolina
+$155M
3
CL
COWA LLC
Oklahoma
+$81.9M
4
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$79.7M
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$79.4M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$617M
2
UBS Group
UBS Group
Switzerland
-$128M
3
DPRC
Deer Park Road Corp
Colorado
-$84.8M
4
National Bank of Canada
National Bank of Canada
Quebec, Canada
-$84.8M
5
SG Americas Securities
SG Americas Securities
New York
-$73.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCCM
1201
Timber Creek Capital Management
Massachusetts
$556K – – –
FAM
1202
Flaharty Asset Management
Florida
$550K – – –
BCM
1203
Bienville Capital Management
New York
$550K – – –
OCM
1204
Orleans Capital Management
Louisiana
$550K – – –
Fisher Asset Management
1205
Fisher Asset Management
Washington
$549K +$527K +2,995 New
AP
1206
Arlington Partners
Alabama
$548K +$61.6K +350 +13%
MIM
1207
MTM Investment Management
South Carolina
$547K -$18.5K -105 -3%
IAG
1208
Investment Advisory Group
Massachusetts
$545K – – –
KC
1209
Kingfisher Capital
North Carolina
$545K -$19.5K -111 -4%
HFM
1210
Hartford Financial Management
Connecticut
$544K – – –
TNB
1211
Thomasville National Bank
Georgia
$544K -$57.9K -329 -10%
DA
1212
Dover Advisors
Virginia
$543K +$11.1K +63 +2%
QCM
1213
Quantinno Capital Management
New York
$540K +$519K +2,949 New
ETIA
1214
Epic Trust Investment Advisors
Washington
$540K – – –
MCA
1215
MSH Capital Advisors
Arizona
$538K -$10.6K -60 -2%
KJHP
1216
K.J. Harrison & Partners
Ontario, Canada
$536K – – –
PFA
1217
Pure Financial Advisors
California
$536K +$47.2K +268 +10%
RIL
1218
Rothschild Investment LLC
Illinois
$536K +$26.4K +150 +5%
SHGA
1219
Sand Hill Global Advisors
California
$533K -$20.1K -114 -4%
CAG
1220
Crestwood Advisors Group
Massachusetts
$532K -$58.9K -335 -10%
JGIA
1221
Jackson Grant Investment Advisers
Connecticut
$532K +$34.3K +195 +7%
JCM
1222
Jacobsen Capital Management
Utah
$531K – – –
AC
1223
Avenir Corporation
Virginia
$530K – – –
BC
1224
Bartlett & Co
Ohio
$530K +$5.28K +30 +1%
BCWM
1225
Bartlett & Co Wealth Management
Ohio
$530K +$5.28K +30 +1%
47 48
49
50 51

GLD Hedge Fund Activity: Q1 2023 in Review

1,903 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q1 2023, worth a combined $22.2B — down 16% from $26.5B a quarter earlier.

Buyers outnumbered sellers: 202 funds opened new GLD positions and 92 closed out — a net gain of 110 holders — while 652 added to existing stakes and 626 trimmed.

The largest buyer was CTC (Chicago Trading Company), adding an estimated $193M. The largest seller was Jane Street, cutting an estimated $617M.

  • 1,903 institutional investors held SPDR Gold Trust (GLD) as of Q1 2023, up from 1,831 in Q4 2022.
  • Funds reported $22.2B of SPDR Gold Trust stock for Q1 2023, down 16% quarter-over-quarter.
  • 202 funds opened new SPDR Gold Trust positions in Q1 2023 and 92 closed out, a net change of +110 holders.
  • The largest SPDR Gold Trust buyer in Q1 2023 was CTC (Chicago Trading Company), an estimated $193M added.
  • The largest SPDR Gold Trust seller in Q1 2023 was Jane Street, an estimated $617M sold.

Based on aggregated 13F filings for Q1 2023.