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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
SEI Investments
26
SEI Investments
Pennsylvania
$77.4M +$3.3M +50,643 +4%
BEI
27
Benjamin Edwards Inc
Missouri
$71.4M +$6.05M +92,910 +9%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$70.7M +$12M +184,329 +21%
Cerity Partners
29
Cerity Partners
New York
$69.9M +$4.74M +72,854 +7%
Cohen & Steers
30
Cohen & Steers
New York
$69.3M -$3.7M -56,882 -5%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$65.7M +$4.69M +72,077 +8%
PAG
32
Private Advisor Group
New Jersey
$64.3M +$5.37M +82,535 +9%
Envestnet Asset Management
33
Envestnet Asset Management
Illinois
$63.3M -$8.16M -125,434 -11%
CWM
34
Congress Wealth Management
Massachusetts
$62.1M -$9.67M -148,629 -14%
TI
35
Tidal Investments
Wisconsin
$62M -$13.2M -202,156 -18%
GI
36
Gradient Investments
Minnesota
$60.5M +$1.06M +16,348 +2%
GP
37
Greenline Partners
New York
$57.8M -$17.4M -267,320 -23%
RCYC
38
Richard C. Young & Co
Rhode Island
$55.7M -$716K -10,996 -1%
GVAG
39
Great Valley Advisor Group
Delaware
$55.5M -$7.24M -111,250 -12%
Raymond James Financial
40
Raymond James Financial
Florida
$49.8M -$11.3M -173,097 -19%
CLGM
41
Capitolis Liquid Global Markets
New York
$46.3M +$46M +707,000 New
FFM
42
Fullerton Fund Management
Singapore
$46.1M +$24.3M +372,823 +112%
NL
43
NEPC LLC
Massachusetts
$45.4M +$3.15M +48,423 +8%
VanEck Associates
44
VanEck Associates
New York
$44M – – –
PPW
45
Parcion Private Wealth
Washington
$43.4M +$490K +7,526 +1%
EH
46
Equitable Holdings
New York
$42.2M -$1.55M -23,855 -4%
Rockefeller Capital Management
47
Rockefeller Capital Management
New York
$40.5M +$20.2M +310,843 +101%
QC
48
Quadrature Capital
United Kingdom
$39.4M +$16.6M +255,124 +74%
US Bancorp
49
US Bancorp
Minnesota
$39M +$7.77M +119,447 +25%
AIS
50
American Investment Services
Massachusetts
$37.7M -$6.22M -95,585 -14%
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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.