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SPDR Gold MiniShares Trust
GLDM

701 hedge funds and large institutions have $9.15B invested in SPDR Gold MiniShares Trust in 2025 Q2 according to their latest regulatory filings, with 127 funds opening new positions, 265 increasing their positions, 224 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

263% more first-time investments, than exits

New positions opened: 127 | Existing positions closed: 35

18% more repeat investments, than reductions

Existing positions increased: 265 | Existing positions reduced: 224

14% more funds holding

Funds holding: 615 → 701 (+86)

14% more capital invested

Capital invested by funds: $8.05B → $9.15B (+$1.1B)

4.26% less ownership

Funds ownership: 62.16% → 57.89% (-4.3%)

14% less funds holding in top 10

Funds holding in top 10: 64 → 55 (-9)

Holders
701
Holders Change
+86
Holders Change %
+13.98%
% of All Funds
9.23%
Holding in Top 10
55
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-14.06%
% of All Funds
0.72%
New
127
Increased
265
Reduced
224
Closed
35
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Empower Advisory Group
Empower Advisory Group
Colorado
+$334M
2
Wells Fargo
Wells Fargo
California
+$198M
3
EQF
Evergreen Quality Fund
Cayman Islands
+$98.9M
4
VF
Virtu Financial
New York
+$84.1M
5
CLGM
Capitolis Liquid Global Markets
New York
+$46M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$231M
2
CCWM
Cassaday & Co Wealth Management
Virginia
-$151M
3
MB
Mizuho Bank
Japan
-$68.1M
4
Bank of America
Bank of America
North Carolina
-$48.1M
5
TC
TownSquare Capital
Utah
-$31.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
SRSA
351
S.R. Schill & Associates
Washington
$1.2M -$31.6K -485 -3%
CA
352
Continuum Advisory
Idaho
$1.19M +$182K +2,794 +18%
IA
353
IFG Advisory
Georgia
$1.19M +$582K +8,937 +97%
TWM
354
Tradition Wealth Management
Minnesota
$1.17M -$427K -6,556 -27%
JWCA
355
J.W. Cole Advisors
Florida
$1.16M +$750K +11,528 +187%
FAM
356
Formidable Asset Management
Ohio
$1.15M – – –
CI
357
CX Institutional
Indiana
$1.14M -$152K -2,333 -12%
WWA
358
WCG Wealth Advisors
Nevada
$1.14M +$142K +2,176 +14%
KCM
359
Kendall Capital Management
Maryland
$1.12M -$77K -1,183 -6%
SAIG
360
Semper Augustus Investments Group
Colorado
$1.11M +$50.9K +782 +5%
MA
361
Mutual Advisors
Nebraska
$1.09M +$83.2K +1,279 +8%
Brown Advisory
362
Brown Advisory
Maryland
$1.08M -$2.21K -34 -0.2%
AFG
363
Atomi Financial Group
New York
$1.08M -$165K -2,535 -13%
BFM
364
Boothbay Fund Management
New York
$1.08M +$189K +2,900 +21%
RS
365
Rakuten Securities
Japan
$1.06M -$1.42M -21,890 -57%
PFA
366
Pathway Financial Advisors
Vermont
$1.06M +$116K +1,786 +12%
PW
367
Paladin Wealth
Minnesota
$1.06M -$26.4K -405 -2%
ACI
368
Alpha Cubed Investments
California
$1.05M +$381K +5,850 +57%
CWM
369
Collaborative Wealth Management
Florida
$1.05M +$1.04M +16,002 New
EGA
370
Eagle Global Advisors
Texas
$1.05M – – –
BCG
371
Bravias Capital Group
New Jersey
$1.05M -$498K -7,649 -32%
WMN
372
Wealth Management Nebraska
Nebraska
$1.03M +$1.03M +15,847 New
BL
373
Balentine LLC
Georgia
$1.02M +$1.02M +15,616 New
MFS
374
Mattson Financial Services
Michigan
$1.02M -$32.9K -505 -3%
WA
375
Waverly Advisors
Alabama
$1.02M +$601K +9,241 +146%
13 14
15
16 17

GLDM Hedge Fund Activity: Q2 2025 in Review

701 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold MiniShares Trust (GLDM) for Q2 2025, worth a combined $9.15B — up 14% from $8.05B a quarter earlier.

Buyers outnumbered sellers: 127 funds opened new GLDM positions and 35 closed out — a net gain of 92 holders — while 265 added to existing stakes and 224 trimmed.

The largest buyer was Empower Advisory Group, opening a new position worth an estimated $334M. The largest seller was Jane Street, exiting entirely with an estimated $231M sold.

  • 701 institutional investors held SPDR Gold MiniShares Trust (GLDM) as of Q2 2025, up from 615 in Q1 2025.
  • Funds reported $9.15B of SPDR Gold MiniShares Trust stock for Q2 2025, up 14% quarter-over-quarter.
  • 127 funds opened new SPDR Gold MiniShares Trust positions in Q2 2025 and 35 closed out, a net change of +92 holders.
  • The largest SPDR Gold MiniShares Trust buyer in Q2 2025 was Empower Advisory Group, an estimated $334M added.
  • The largest SPDR Gold MiniShares Trust seller in Q2 2025 was Jane Street, an estimated $231M sold.

Based on aggregated 13F filings for Q2 2025.