SPDR Gold Trust
GLD
777 hedge funds and large institutions have $9.43B invested in SPDR Gold Trust in 2014 Q3 according to their latest regulatory filings, with 56 funds opening new positions, 250 increasing their positions, 298 reducing their positions, and 78 closing their positions.
117% more call options, than puts
Call options by funds: $9.6B | Put options by funds: $4.41B
0.68% less ownership
Funds ownership: 31.89% → 31.21% (-0.68%)
4% less funds holding
Funds holding: 810 → 777 (-33)
14% less funds holding in top 10
Funds holding in top 10: 79 → 68 (-11)
16% less repeat investments, than reductions
Existing positions increased: 250 | Existing positions reduced: 298
20% less capital invested
Capital invested by funds: $11.8B → $9.43B (-$2.38B)
28% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 78
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$146M |
| 2 |
JP Morgan Chase
New York
|
+$72.5M |
| 3 |
NG
NatWest Group
Edinburgh, Scotland,
United Kingdom
|
+$61.3M |
| 4 |
BHCM
Brevan Howard Capital Management
St. Helier,
Jersey
|
+$46.3M |
| 5 |
Teacher Retirement System of Texas
Austin,
Texas
|
+$39.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
Stelliam Investment Management
New York
|
-$152M |
| 2 |
Goldman Sachs
New York
|
-$136M |
| 3 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
-$101M |
| 4 |
TODC
Trustees of Dartmouth College
Hanover,
New Hampshire
|
-$75.5M |
| 5 |
AssetMark Inc
Concord,
California
|
-$66.9M |
GLD Hedge Fund Activity: Q3 2014 in Review
777 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q3 2014, worth a combined $9.43B — down 20% from $11.8B a quarter earlier.
Sellers outnumbered buyers: 78 funds closed out of GLD and 56 opened new positions — a net loss of 22 holders — while 298 trimmed existing stakes and 250 added.
The largest buyer was Morgan Stanley, adding an estimated $146M. The largest seller was Stelliam Investment Management, exiting entirely with an estimated $152M sold.
- 777 institutional investors held SPDR Gold Trust (GLD) as of Q3 2014, down from 810 in Q2 2014.
- Funds reported $9.43B of SPDR Gold Trust stock for Q3 2014, down 20% quarter-over-quarter.
- 56 funds opened new SPDR Gold Trust positions in Q3 2014 and 78 closed out, a net change of -22 holders.
- The largest SPDR Gold Trust buyer in Q3 2014 was Morgan Stanley, an estimated $146M added.
- The largest SPDR Gold Trust seller in Q3 2014 was Stelliam Investment Management, an estimated $152M sold.
Based on aggregated 13F filings for Q3 2014.