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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
TSS
1926
Two Sigma Securities
New York
– -$3.83M -22,598 Closed
VCM
1927
Venator Capital Management
Ontario, Canada
– -$3.56M -21,000 Closed
JPG
1928
Jordan Park Group
California
– -$3.48M -20,531 Closed
SIG
1929
Sargent Investment Group
Maryland
– -$578K -15,960 Closed
LHWM
1930
Lake Hills Wealth Management
Texas
– -$2.33M -13,748 Closed
VAM
1931
Verity Asset Management
North Carolina
– -$2.09M -12,346 Closed
HT
1932
HAP Trading
New York
– -$1.92M -10,889 Closed
SCM
1933
Steadfast Capital Management
New York
– -$1.81M -10,678 Closed
BPGAM
1934
BTG Pactual Global Asset Management
Bermuda
– -$1.72M -9,773 Closed
CCM
1935
Cox Capital Management
Massachusetts
– -$1.4M -8,277 Closed
MAM
1936
Madison Asset Management
Wisconsin
– -$1.19M -7,028 Closed
NEAM
1937
New England Asset Management
Connecticut
– -$1.02M -6,000 Closed
WI
1938
Wintrust Investments
Illinois
– -$772K -4,548 Closed
BBL
1939
Beck Bode LLC
Massachusetts
– -$690K -4,067 Closed
FMTC
1940
Farmers & Merchants Trust Company
California
– -$607K -3,580 Closed
WP
1941
Westmount Partners
California
– -$586K -3,456 Closed
MAWA
1942
Moss Adams Wealth Advisors
Washington
– -$583K -3,435 Closed
SDWIA
1943
Schwarz Dygos Wheeler Investment Advisors
Minnesota
– -$565K -3,329 Closed
FFG
1944
Ford Financial Group
California
– -$539K -3,177 Closed
MPM
1945
MBB Public Markets
Illinois
– -$509K -3,000 Closed
PFMU
1946
Privium Fund Management (UK)
United Kingdom
– -$509K -3,000 Closed
MTC
1947
McDaniel Terry & Co
Texas
– -$450K -2,650 Closed
PFA
1948
Professional Financial Advisors
Nebraska
– -$448K -2,638 Closed
PAIM
1949
Punch & Associates Investment Management
Minnesota
– -$424K -2,500 Closed
B
1950
Bridgeworth
Alabama
– -$422K -2,487 Closed
76 77
78
79 80

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.