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SPDR Gold Trust

907 hedge funds and large institutions have $12.1B invested in SPDR Gold Trust in 2016 Q4 according to their latest regulatory filings, with 139 funds opening new positions, 226 increasing their positions, 383 reducing their positions, and 131 closing their positions.

New
Increased
Maintained
Reduced
Closed

327% more call options, than puts

Call options by funds: $18.8B | Put options by funds: $4.4B

6% more first-time investments, than exits

New positions opened: 139 | Existing positions closed: 131

1% less funds holding

Funds holding: 920907 (-13)

1.47% less ownership

Funds ownership: 40.35%38.88% (-1.5%)

26% less capital invested

Capital invested by funds: $16.3B → $12.1B (-$4.19B)

34% less funds holding in top 10

Funds holding in top 10: 10066 (-34)

41% less repeat investments, than reductions

Existing positions increased: 226 | Existing positions reduced: 383

Holders
907
Holders Change
-13
Holders Change %
-1.41%
% of All Funds
22.68%
Holding in Top 10
66
Holding in Top 10 Change
-34
Holding in Top 10 Change %
-34%
% of All Funds
1.65%
New
139
Increased
226
Reduced
383
Closed
131
Calls
$18.8B
Puts
$4.4B
Net Calls
+$14.4B
Net Calls Change
-$8.44B
Name Holding Trade Value Shares
Change
Change in
Stake
BA
1
BlackRock Advisors
Delaware
$1.11B -$340M -2,928,034 -22%
UBS Group
2
UBS Group
Switzerland
$1.09B +$276M +2,376,619 +31%
Bank of America
3
Bank of America
North Carolina
$867M -$21.5M -185,584 -2%
PC
4
Passport Capital
California
$548M +$580M +5,000,000 New
First Eagle Investment Management
5
First Eagle Investment Management
New York
$491M -$9.91M -85,365 -2%
Morgan Stanley
6
Morgan Stanley
New York
$489M -$352M -3,035,860 -40%
PC
7
Paulson & Co
New York
$478M -$48.2M -415,290 -9%
BG
8
BlackRock Group
United Kingdom
$406M -$109M -940,825 -20%
Wells Fargo
9
Wells Fargo
California
$302M -$169M -1,454,960 -35%
OW
10
Orbis World
British Virgin Islands
$274M
Goldman Sachs
11
Goldman Sachs
New York
$274M -$69.6M -599,205 -19%
JP Morgan Chase
12
JP Morgan Chase
New York
$230M -$260M -2,243,469 -52%
SAC
13
Smith Affiliated Capital
New York
$200M
TD Asset Management
14
TD Asset Management
Ontario, Canada
$198M -$299M -2,579,514 -59%
Fidelity Investments
15
Fidelity Investments
Massachusetts
$192M +$5.03M +43,364 +3%
BIM
16
BlackRock Investment Management
Delaware
$156M -$8.43M -72,615 -5%
Asset Management One
17
Asset Management One
Japan
$136M +$144M +1,240,093 New
Franklin Resources
18
Franklin Resources
California
$135M -$45.4M -391,198 -24%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$109M -$128M -1,103,783 -53%
Sumitomo Mitsui Trust Group
20
Sumitomo Mitsui Trust Group
Japan
$103M +$25.5M +219,300 +30%
State of New Jersey Common Pension Fund D
21
State of New Jersey Common Pension Fund D
New Jersey
$93.2M +$37.7M +325,000 +62%
Wellington Management Group
22
Wellington Management Group
Massachusetts
$85.8M +$18.4M +158,563 +25%
State Street
23
State Street
Massachusetts
$83.6M -$213M -1,838,975 -71%
FI
24
FormulaFolio Investments
Michigan
$82.2M +$15.1M +130,001 +21%
Lazard Asset Management
25
Lazard Asset Management
New York
$81.6M -$15.7M -135,000 -15%

GLD Hedge Fund Activity: Q4 2016 in Review

907 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q4 2016, worth a combined $12.1B — down 26% from $16.3B a quarter earlier.

Buyers outnumbered sellers: 139 funds opened new GLD positions and 131 closed out — a net gain of 8 holders — while 226 added to existing stakes and 383 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.

  • 907 institutional investors held SPDR Gold Trust (GLD) as of Q4 2016, down from 920 in Q3 2016.
  • Funds reported $12.1B of SPDR Gold Trust stock for Q4 2016, down 26% quarter-over-quarter.
  • 139 funds opened new SPDR Gold Trust positions in Q4 2016 and 131 closed out, a net change of +8 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.