SPDR Gold Trust
GLD
1,006 hedge funds and large institutions have $11.6B invested in SPDR Gold Trust in 2018 Q3 according to their latest regulatory filings, with 68 funds opening new positions, 232 increasing their positions, 446 reducing their positions, and 98 closing their positions.
146% more call options, than puts
Call options by funds: $14.5B | Put options by funds: $5.91B
1.19% more ownership
Funds ownership: 39.6% → 40.79% (+1.2%)
3% less funds holding
Funds holding: 1,041 → 1,006 (-35)
11% less capital invested
Capital invested by funds: $13.1B → $11.6B (-$1.5B)
13% less funds holding in top 10
Funds holding in top 10: 79 → 69 (-10)
31% less first-time investments, than exits
New positions opened: 68 | Existing positions closed: 98
48% less repeat investments, than reductions
Existing positions increased: 232 | Existing positions reduced: 446
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Graham Capital Management
Rowayton,
Connecticut
|
+$1.15B |
| 2 |
Jane Street
New York
|
+$205M |
| 3 |
First Eagle Investment Management
New York
|
+$114M |
| 4 |
SMFG
Sumitomo Mitsui Financial Group
Tokyo,
Japan
|
+$93.9M |
| 5 |
EIM
Elephas Investment Management
Hong Kong
|
+$88.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$1.07B |
| 2 |
JP Morgan Chase
New York
|
-$338M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$308M |
| 4 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
-$137M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$106M |
GLD Hedge Fund Activity: Q3 2018 in Review
1,006 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q3 2018, worth a combined $11.6B — down 11% from $13.1B a quarter earlier.
Sellers outnumbered buyers: 98 funds closed out of GLD and 68 opened new positions — a net loss of 30 holders — while 446 trimmed existing stakes and 232 added.
The largest buyer was Graham Capital Management, opening a new position worth an estimated $1.15B. The largest seller was BlackRock, cutting an estimated $1.07B.
- 1,006 institutional investors held SPDR Gold Trust (GLD) as of Q3 2018, down from 1,041 in Q2 2018.
- Funds reported $11.6B of SPDR Gold Trust stock for Q3 2018, down 11% quarter-over-quarter.
- 68 funds opened new SPDR Gold Trust positions in Q3 2018 and 98 closed out, a net change of -30 holders.
- The largest SPDR Gold Trust buyer in Q3 2018 was Graham Capital Management, an estimated $1.15B added.
- The largest SPDR Gold Trust seller in Q3 2018 was BlackRock, an estimated $1.07B sold.
Based on aggregated 13F filings for Q3 2018.