We are live on ! Find out more
GLD icon

SPDR Gold Trust
GLD

2,761 hedge funds and large institutions have $48.6B invested in SPDR Gold Trust in 2025 Q3 according to their latest regulatory filings, with 246 funds opening new positions, 1,134 increasing their positions, 778 reducing their positions, and 91 closing their positions.

New
Increased
Maintained
Reduced
Closed

170% more first-time investments, than exits

New positions opened: 246 | Existing positions closed: 91

68% more call options, than puts

Call options by funds: $74.5B | Put options by funds: $44.4B

46% more repeat investments, than reductions

Existing positions increased: 1,134 | Existing positions reduced: 778

19% more capital invested

Capital invested by funds: $40.8B → $48.6B (+$7.8B)

8% more funds holding in top 10

Funds holding in top 10: 234 → 252 (+18)

4% more funds holding

Funds holding: 2,650 → 2,761 (+111)

2.64% less ownership

Funds ownership: 42.03% → 39.39% (-2.6%)

Holders
2,761
Holders Change
+111
Holders Change %
+4.19%
% of All Funds
36.23%
Holding in Top 10
252
Holding in Top 10 Change
+18
Holding in Top 10 Change %
+7.69%
% of All Funds
3.31%
New
246
Increased
1,134
Reduced
778
Closed
91
Calls
$74.5B
Puts
$44.4B
Net Calls
+$30.1B
Net Calls Change
+$14.2B

Top Buyers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$499M
2
JG
Jain Global
New York
+$422M
3
Bank of America
Bank of America
North Carolina
+$288M
4
Citigroup
Citigroup
New York
+$274M
5
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$175M

Top Sellers

Rank Fund Capital Flow
1
PCP
Proficio Capital Partners
Massachusetts
-$631M
2
Goldman Sachs
Goldman Sachs
New York
-$500M
3
BA
Bridgewater Associates
Connecticut
-$337M
4
JP Morgan Chase
JP Morgan Chase
New York
-$275M
5
VF
Virtu Financial
New York
-$266M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCM
1326
Corsair Capital Management
New York
$1.29M -$637 -2 -0.1%
FBC
1327
Fairfield, Bush & Co
Connecticut
$1.29M -$63.7K -200 -5%
NWAG
1328
Net Worth Advisory Group
Utah
$1.29M -$1.78M -5,595 -61%
WA1
1329
Wimmer Associates 1
California
$1.29M +$54.2K +170 +5%
DWG
1330
Darden Wealth Group
Michigan
$1.29M +$560K +1,758 +94%
SFC
1331
SYM Financial Corp
Indiana
$1.29M +$637K +2,000 +123%
GWP
1332
Gen-Wealth Partners
Michigan
$1.29M +$871K +2,734 +307%
BS
1333
Brighton Securities
New York
$1.29M +$366K +1,147 +46%
TWP
1334
Tempus Wealth Planning
California
$1.29M -$1.22M -3,832 -51%
SWA
1335
Sax Wealth Advisors
New Jersey
$1.28M +$35.4K +111 +3%
FI
1336
Finivi Inc
Massachusetts
$1.28M +$20.7K +65 +2%
FWA
1337
FSM Wealth Advisors
Ohio
$1.28M -$2.87K -9 -0.2%
CWR
1338
Chico Wealth RIA
California
$1.28M – – –
FFS
1339
Fortress Financial Solutions
Arizona
$1.28M +$28.4K +89 +3%
FWM
1340
Finer Wealth Management
Massachusetts
$1.28M +$37.6K +118 +3%
FPGK
1341
Financial Partners Group (Kansas)
Kansas
$1.27M +$41.1K +129 +4%
RWIA
1342
Roger Wittlin Investment Advisory
California
$1.27M +$62.5K +196 +6%
BWP
1343
BSW Wealth Partners
Colorado
$1.27M – – –
WAM
1344
Wolverine Asset Management
Illinois
$1.27M – – –
PWC
1345
PYA Waltman Capital
Tennessee
$1.27M – – –
GWM
1346
Gibbs Wealth Management
Georgia
$1.27M -$15.6K -49 -1%
TAM
1347
Titleist Asset Management
Texas
$1.27M +$537K +1,685 +90%
KFP
1348
KMG Fiduciary Partners
Ohio
$1.27M – – –
QWM
1349
Quaker Wealth Management
New Jersey
$1.27M +$1.11M +3,489 +4,984%
AP
1350
Appleton Partners
Massachusetts
$1.26M +$52.9K +166 +5%
52 53
54
55 56

GLD Hedge Fund Activity: Q3 2025 in Review

2,761 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q3 2025, worth a combined $48.6B — up 19% from $40.8B a quarter earlier.

Buyers outnumbered sellers: 246 funds opened new GLD positions and 91 closed out — a net gain of 155 holders — while 1,134 added to existing stakes and 778 trimmed.

The largest buyer was Bank of Montreal, opening a new position worth an estimated $499M. The largest seller was Proficio Capital Partners, cutting an estimated $631M.

  • 2,761 institutional investors held SPDR Gold Trust (GLD) as of Q3 2025, up from 2,650 in Q2 2025.
  • Funds reported $48.6B of SPDR Gold Trust stock for Q3 2025, up 19% quarter-over-quarter.
  • 246 funds opened new SPDR Gold Trust positions in Q3 2025 and 91 closed out, a net change of +155 holders.
  • The largest SPDR Gold Trust buyer in Q3 2025 was Bank of Montreal, an estimated $499M added.
  • The largest SPDR Gold Trust seller in Q3 2025 was Proficio Capital Partners, an estimated $631M sold.

Based on aggregated 13F filings for Q3 2025.