SPDR Gold Trust
GLD
1,087 hedge funds and large institutions have $12.6B invested in SPDR Gold Trust in 2018 Q4 according to their latest regulatory filings, with 191 funds opening new positions, 288 increasing their positions, 370 reducing their positions, and 99 closing their positions.
136% more call options, than puts
Call options by funds: $26B | Put options by funds: $11B
93% more first-time investments, than exits
New positions opened: 191 | Existing positions closed: 99
33% more funds holding in top 10
Funds holding in top 10: 69 → 92 (+23)
8% more capital invested
Capital invested by funds: $11.6B → $12.6B (+$970M)
8% more funds holding
Funds holding: 1,006 → 1,087 (+81)
2.03% less ownership
Funds ownership: 40.61% → 38.58% (-2%)
22% less repeat investments, than reductions
Existing positions increased: 288 | Existing positions reduced: 370
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$550M |
| 2 |
EIM
Elephas Investment Management
Hong Kong
|
+$308M |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
+$163M |
| 4 |
BlackRock
New York
|
+$112M |
| 5 |
JFG
Jefferies Financial Group
New York
|
+$82.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Graham Capital Management
Rowayton,
Connecticut
|
-$1.16B |
| 2 |
Jane Street
New York
|
-$219M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$213M |
| 4 |
AC
Argentiere Capital
Zug,
Switzerland
|
-$79.5M |
| 5 |
DS
DRW Securities
Chicago,
Illinois
|
-$43M |
GLD Hedge Fund Activity: Q4 2018 in Review
1,087 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q4 2018, worth a combined $12.6B — up 8.4% from $11.6B a quarter earlier.
Buyers outnumbered sellers: 191 funds opened new GLD positions and 99 closed out — a net gain of 92 holders — while 288 added to existing stakes and 370 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $550M. The largest seller was Graham Capital Management, exiting entirely with an estimated $1.16B sold.
- 1,087 institutional investors held SPDR Gold Trust (GLD) as of Q4 2018, up from 1,006 in Q3 2018.
- Funds reported $12.6B of SPDR Gold Trust stock for Q4 2018, up 8.4% quarter-over-quarter.
- 191 funds opened new SPDR Gold Trust positions in Q4 2018 and 99 closed out, a net change of +92 holders.
- The largest SPDR Gold Trust buyer in Q4 2018 was Morgan Stanley, an estimated $550M added.
- The largest SPDR Gold Trust seller in Q4 2018 was Graham Capital Management, an estimated $1.16B sold.
Based on aggregated 13F filings for Q4 2018.