SPDR Gold Trust
GLD
908 hedge funds and large institutions have $11.9B invested in SPDR Gold Trust in 2016 Q4 according to their latest regulatory filings, with 138 funds opening new positions, 226 increasing their positions, 384 reducing their positions, and 131 closing their positions.
327% more call options, than puts
Call options by funds: $18.8B | Put options by funds: $4.4B
5% more first-time investments, than exits
New positions opened: 138 | Existing positions closed: 131
1.5% less ownership
Funds ownership: 40.39% → 38.88% (-1.5%)
2% less funds holding
Funds holding: 922 → 908 (-14)
27% less capital invested
Capital invested by funds: $16.3B → $11.9B (-$4.41B)
33% less funds holding in top 10
Funds holding in top 10: 99 → 66 (-33)
41% less repeat investments, than reductions
Existing positions increased: 226 | Existing positions reduced: 384
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Passport Capital
San Francisco,
California
|
+$580M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$276M |
| 3 |
Asset Management One
Tokyo,
Japan
|
+$144M |
| 4 |
SIM
Stelliam Investment Management
New York
|
+$73.4M |
| 5 |
AAM
Alphadyne Asset Management
New York
|
+$40.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$352M |
| 2 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$340M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$299M |
| 4 |
JP Morgan Chase
New York
|
-$260M |
| 5 |
State Street
Boston,
Massachusetts
|
-$213M |
GLD Hedge Fund Activity: Q4 2016 in Review
908 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q4 2016, worth a combined $11.9B — down 27% from $16.3B a quarter earlier.
Buyers outnumbered sellers: 138 funds opened new GLD positions and 131 closed out — a net gain of 7 holders — while 226 added to existing stakes and 384 trimmed.
The largest buyer was Passport Capital, opening a new position worth an estimated $580M. The largest seller was Morgan Stanley, cutting an estimated $352M.
- 908 institutional investors held SPDR Gold Trust (GLD) as of Q4 2016, down from 922 in Q3 2016.
- Funds reported $11.9B of SPDR Gold Trust stock for Q4 2016, down 27% quarter-over-quarter.
- 138 funds opened new SPDR Gold Trust positions in Q4 2016 and 131 closed out, a net change of +7 holders.
- The largest SPDR Gold Trust buyer in Q4 2016 was Passport Capital, an estimated $580M added.
- The largest SPDR Gold Trust seller in Q4 2016 was Morgan Stanley, an estimated $352M sold.
Based on aggregated 13F filings for Q4 2016.