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SPDR Gold Trust

2,610 hedge funds and large institutions have $40.4B invested in SPDR Gold Trust in 2025 Q2 according to their latest regulatory filings, with 199 funds opening new positions, 942 increasing their positions, 937 reducing their positions, and 91 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more call options, than puts

Call options by funds: $ | Put options by funds: $

more funds holding

Funds holding:

more ownership

Funds ownership:

4% more capital invested

Capital invested by funds: $38.7B → $40.4B (+$1.7B)

1% more repeat investments, than reductions

Existing positions increased: 942 | Existing positions reduced: 937

8% less funds holding in top 10

Funds holding in top 10: 247228 (-19)

Holders
2,610
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
228
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$45.6B
Puts
$29.7B
Net Calls
Net Calls Change

Top Buyers

1 +$378M
2 +$266M
3 +$252M
4
Citadel Advisors
Citadel Advisors
Florida
+$244M
5
Barclays
Barclays
United Kingdom
+$138M

Top Sellers

1 -$445M
2 -$364M
3 -$312M
4
Morgan Stanley
Morgan Stanley
New York
-$259M
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$222M
Name Holding Trade Value Shares
Change
Change in
Stake
Belvedere Trading
151
Belvedere Trading
Illinois
$33.7M
AC
152
AlphaCore Capital
California
$33.4M
TC
153
Trilogy Capital
California
$33.3M
CAMG
154
CWA Asset Management Group
Florida
$33.2M
IAA
155
Independent Advisor Alliance
North Carolina
$33.2M
CTA
156
Chesley Taft & Associates
Illinois
$33M
KPWS
157
Kestra Private Wealth Services
Texas
$32.6M
IC
158
IEQ Capital
California
$32.3M
ANTB
159
AMG National Trust Bank
Colorado
$32M
ASN
160
Advisory Services Network
Georgia
$31.9M
SC
161
Sapient Capital
Indiana
$31.6M
TA
162
Townsend & Associates
Colorado
$31.4M
DSN
163
D. Scott Neal
Kentucky
$31.3M
PFS
164
Prospera Financial Services
Texas
$30.6M
CM
165
Cercano Management
Washington
$30.6M
Lazard Asset Management
166
Lazard Asset Management
New York
$30.4M
SFG
167
Stonebridge Financial Group
Pennsylvania
$30.2M
Manulife (Manufacturers Life Insurance)
168
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$29.9M
Franklin Resources
169
Franklin Resources
California
$28.6M
HH
170
Hilltop Holdings
Texas
$28.5M
Sumitomo Mitsui Trust Group
171
Sumitomo Mitsui Trust Group
Japan
$28.5M
M&T Bank
172
M&T Bank
New York
$27.9M
CC
173
Centiva Capital
New York
$27.7M
Envestnet Portfolio Solutions
174
Envestnet Portfolio Solutions
Illinois
$27.5M
SA
175
Sicart Associates
New York
$27.3M