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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CTC (Chicago Trading Company)
Chicago,
Illinois
|
+$193M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$155M |
| 3 |
CL
COWA LLC
Tulsa,
Oklahoma
|
+$81.9M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
+$79.7M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$79.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$617M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$128M |
| 3 |
DPRC
Deer Park Road Corp
Steamboat Springs,
Colorado
|
-$84.8M |
| 4 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$84.8M |
| 5 |
SG Americas Securities
New York
|
-$73.4M |
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.