SPDR Gold Trust
GLD
767 hedge funds and large institutions have $8.3B invested in SPDR Gold Trust in 2014 Q4 according to their latest regulatory filings, with 90 funds opening new positions, 156 increasing their positions, 382 reducing their positions, and 87 closing their positions.
72% more call options, than puts
Call options by funds: $7.96B | Put options by funds: $4.64B
3% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 87
0.65% less ownership
Funds ownership: 31.21% → 30.56% (-0.65%)
1% less funds holding
Funds holding: 778 → 767 (-11)
12% less capital invested
Capital invested by funds: $9.47B → $8.3B (-$1.16B)
18% less funds holding in top 10
Funds holding in top 10: 68 → 56 (-12)
59% less repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 382
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$193M |
| 2 |
Goldman Sachs
New York
|
+$88.9M |
| 3 |
SCM
Steadfast Capital Management
New York
|
+$70.7M |
| 4 |
JP Morgan Chase
New York
|
+$69.2M |
| 5 |
Comerica Bank
Dallas,
Texas
|
+$60.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$294M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$187M |
| 3 |
CTC (Chicago Trading Company)
Chicago,
Illinois
|
-$145M |
| 4 |
SCM
SCS Capital Management
Boston,
Massachusetts
|
-$120M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$108M |
GLD Hedge Fund Activity: Q4 2014 in Review
767 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q4 2014, worth a combined $8.3B — down 12% from $9.47B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new GLD positions and 87 closed out — a net gain of 3 holders — while 156 added to existing stakes and 382 trimmed.
The largest buyer was BlackRock Advisors, adding an estimated $193M. The largest seller was Morgan Stanley, cutting an estimated $294M.
- 767 institutional investors held SPDR Gold Trust (GLD) as of Q4 2014, down from 778 in Q3 2014.
- Funds reported $8.3B of SPDR Gold Trust stock for Q4 2014, down 12% quarter-over-quarter.
- 90 funds opened new SPDR Gold Trust positions in Q4 2014 and 87 closed out, a net change of +3 holders.
- The largest SPDR Gold Trust buyer in Q4 2014 was BlackRock Advisors, an estimated $193M added.
- The largest SPDR Gold Trust seller in Q4 2014 was Morgan Stanley, an estimated $294M sold.
Based on aggregated 13F filings for Q4 2014.