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SPDR Gold Trust
GLD

1,279 hedge funds and large institutions have $17B invested in SPDR Gold Trust in 2019 Q4 according to their latest regulatory filings, with 211 funds opening new positions, 400 increasing their positions, 400 reducing their positions, and 72 closing their positions.

New
Increased
Maintained
Reduced
Closed

193% more first-time investments, than exits

New positions opened: 211 | Existing positions closed: 72

97% more call options, than puts

Call options by funds: $18.8B | Put options by funds: $9.55B

11% more funds holding

Funds holding: 1,153 → 1,279 (+126)

3% more funds holding in top 10

Funds holding in top 10: 115 → 119 (+4)

0.02% more ownership

Funds ownership: 39.47% → 39.48% (+0.02%)

0% more repeat investments, than reductions

Existing positions increased: 400 | Existing positions reduced: 400

1% less capital invested

Capital invested by funds: $17.3B → $17B (-$252M)

Holders
1,279
Holders Change
+126
Holders Change %
+10.93%
% of All Funds
25.2%
Holding in Top 10
119
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+3.48%
% of All Funds
2.34%
New
211
Increased
400
Reduced
400
Closed
72
Calls
$18.8B
Puts
$9.55B
Net Calls
+$9.23B
Net Calls Change
+$1.91B

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$273M
2
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$265M
3
JFA
Johanson Financial Advisors
California
+$102M
4
Millennium Management
Millennium Management
New York
+$97.9M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$91.2M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$558M
2
Citadel Advisors
Citadel Advisors
Florida
-$464M
3
CA
Commerzbank Aktiengesellschaft
Germany
-$295M
4
CI Investments Inc
CI Investments Inc
Ontario, Canada
-$210M
5
Fidelity International
Fidelity International
Bermuda
-$205M
Name Holding Trade Value Shares
Change 		Change in
Stake
TIM
101
Total Investment Management
Arizona
$24.4M +$897K +6,418 +4%
GSWM
102
Golden State Wealth Management
California
$24.4M +$23.7M +169,612 +12,555%
AC
103
AMS Capital
Brazil
$24.3M +$23.8M +170,000 New
SPC
104
Sigma Planning Corp
Michigan
$23M +$2.56M +18,335 +13%
CI
105
Centerstone Investors
New York
$23M – – –
SA
106
Sicart Associates
New York
$22.8M – – –
RG
107
Rathbones Group
United Kingdom
$22.4M +$1.2M +8,578 +6%
PI
108
Pennant Investors
New Jersey
$22.3M – – –
QIM
109
Quantitative Investment Management
Virginia
$22.3M +$21.8M +155,852 New
PNAA
110
Pictet North America Advisors
Switzerland
$21.9M +$702K +5,027 +3%
BCM
111
Brookstone Capital Management
Illinois
$21.8M +$5.84M +41,794 +38%
HCM
112
Hitchwood Capital Management
New York
$21.4M +$21M +150,000 New
PSUF
113
People's United Financial
Connecticut
$20.6M -$543K -3,887 -3%
LCM
114
Lakewood Capital Management
New York
$20.1M – – –
CM
115
Castleark Management
Illinois
$19.7M -$15.6M -111,910 -45%
CAN
116
Cetera Advisor Networks
California
$19.5M -$266K -1,904 -1%
CIBC World Market
117
CIBC World Market
Ontario, Canada
$18.8M -$472K -3,380 -3%
MSWM
118
Mader & Shannon Wealth Management
Missouri
$18.6M +$540K +3,865 +3%
I
119
IberiaBank
Louisiana
$18.6M +$1.2M +8,553 +7%
KL
120
KGH Ltd
Bahamas
$18.4M +$18M +128,692 New
GFPC
121
Global Financial Private Capital
Florida
$18.1M +$8.36M +59,852 +90%
BFIC
122
Bedell Frazier Investment Counselling
California
$18.1M – – –
GAG
123
GM Advisory Group
New York
$17.6M +$459K +3,286 +3%
PFO
124
Pathstone Family Office
New Jersey
$17.6M +$140 +1 +0%
1832 Asset Management
125
1832 Asset Management
Ontario, Canada
$17.5M -$2.59M -18,500 -13%
3 4
5
6 7

GLD Hedge Fund Activity: Q4 2019 in Review

1,279 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q4 2019, worth a combined $17B — down 1.5% from $17.3B a quarter earlier.

Buyers outnumbered sellers: 211 funds opened new GLD positions and 72 closed out — a net gain of 139 holders — while 400 added to existing stakes and 400 trimmed.

The largest buyer was BlackRock, adding an estimated $273M. The largest seller was Morgan Stanley, cutting an estimated $558M.

  • 1,279 institutional investors held SPDR Gold Trust (GLD) as of Q4 2019, up from 1,153 in Q3 2019.
  • Funds reported $17B of SPDR Gold Trust stock for Q4 2019, down 1.5% quarter-over-quarter.
  • 211 funds opened new SPDR Gold Trust positions in Q4 2019 and 72 closed out, a net change of +139 holders.
  • The largest SPDR Gold Trust buyer in Q4 2019 was BlackRock, an estimated $273M added.
  • The largest SPDR Gold Trust seller in Q4 2019 was Morgan Stanley, an estimated $558M sold.

Based on aggregated 13F filings for Q4 2019.