SPDR Gold Trust
GLD
793 hedge funds and large institutions have $9.98B invested in SPDR Gold Trust in 2013 Q4 according to their latest regulatory filings, with 139 funds opening new positions, 136 increasing their positions, 417 reducing their positions, and 95 closing their positions.
95% more call options, than puts
Call options by funds: $8.09B | Put options by funds: $4.14B
46% more first-time investments, than exits
New positions opened: 139 | Existing positions closed: 95
4% more funds holding
Funds holding: 761 → 793 (+32)
2.57% less ownership
Funds ownership: 34.42% → 31.85% (-2.6%)
18% less funds holding in top 10
Funds holding in top 10: 85 → 70 (-15)
26% less capital invested
Capital invested by funds: $13.5B → $9.98B (-$3.56B)
67% less repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 417
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$142M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$138M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$128M |
| 4 |
Capstone Investment Advisors
New York
|
+$61M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$55.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$534M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$450M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$340M |
| 4 |
Morgan Stanley
New York
|
-$336M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$244M |
GLD Hedge Fund Activity: Q4 2013 in Review
793 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q4 2013, worth a combined $9.98B — down 26% from $13.5B a quarter earlier.
Buyers outnumbered sellers: 139 funds opened new GLD positions and 95 closed out — a net gain of 44 holders — while 136 added to existing stakes and 417 trimmed.
The largest buyer was BNP Paribas Financial Markets, adding an estimated $142M. The largest seller was JP Morgan Chase, cutting an estimated $534M.
- 793 institutional investors held SPDR Gold Trust (GLD) as of Q4 2013, up from 761 in Q3 2013.
- Funds reported $9.98B of SPDR Gold Trust stock for Q4 2013, down 26% quarter-over-quarter.
- 139 funds opened new SPDR Gold Trust positions in Q4 2013 and 95 closed out, a net change of +44 holders.
- The largest SPDR Gold Trust buyer in Q4 2013 was BNP Paribas Financial Markets, an estimated $142M added.
- The largest SPDR Gold Trust seller in Q4 2013 was JP Morgan Chase, an estimated $534M sold.
Based on aggregated 13F filings for Q4 2013.