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iShares S&P GSCI Commodity-Indexed Trust
GSG

128 hedge funds and large institutions have $663M invested in iShares S&P GSCI Commodity-Indexed Trust in 2025 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 33 increasing their positions, 31 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

5,728% more call options, than puts

Call options by funds: $3.32M | Put options by funds: $57K

13% more capital invested

Capital invested by funds: $586M → $663M (+$76.8M)

2.43% more ownership

Funds ownership: 60.47% → 62.9% (+2.4%)

6% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 31

6% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 18

0% more funds holding

Funds holding: 128 → 128 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
128
Holders Change
–
Holders Change %
0%
% of All Funds
1.72%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
19
Increased
33
Reduced
31
Closed
18
Calls
$3.32M
Puts
$57K
Net Calls
+$3.27M
Net Calls Change
+$2.12M

Top Buyers

Rank Fund Capital Flow
1
SLI
Sumitomo Life Insurance
Japan
+$13.8M
2
JP Morgan Chase
JP Morgan Chase
New York
+$13.5M
3
Jane Street
Jane Street
New York
+$5.83M
4
Ameriprise
Ameriprise
Minnesota
+$3.48M
5
Deutsche Bank
Deutsche Bank
Germany
+$3.43M

Top Sellers

Rank Fund Capital Flow
1
HBT
Heartland Bank & Trust
Illinois
-$6.44M
2
Morgan Stanley
Morgan Stanley
New York
-$3.99M
3
SIM
Strategic Investment Management
Virginia
-$1.56M
4
SLT
St Louis Trust
Missouri
-$598K
5
AWS
Atria Wealth Solutions
New York
-$579K
Name Holding Trade Value Shares
Change 		Change in
Stake
MHS
26
M Holdings Securities
Oregon
$2.04M +$451K +20,083 +29%
LPL Financial
27
LPL Financial
California
$2.01M +$33.5K +1,489 +2%
National Bank of Canada
28
National Bank of Canada
Quebec, Canada
$1.68M -$5.73K -255 -0.3%
PFM
29
Patton Fund Management
Texas
$1.61M -$161K -7,152 -9%
US Bancorp
30
US Bancorp
Minnesota
$1.59M +$1.22M +54,495 +352%
QC
31
Quadrature Capital
United Kingdom
$1.57M +$1.34M +59,471 +615%
UBS Group
32
UBS Group
Switzerland
$1.53M +$26.7K +1,189 +2%
SC
33
Scotia Capital
Ontario, Canada
$1.52M +$161K +7,141 +12%
PFS
34
Prospera Financial Services
Texas
$1.48M -$25.6K -1,140 -2%
OFS
35
OneAscent Financial Services
Alabama
$1.4M +$213K +9,497 +18%
PA
36
Pinnacle Associates
New York
$1.26M – – –
PWMAG
37
Pinnacle Wealth Management Advisory Group
New Jersey
$1.25M – – –
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$1.25M -$8.61K -383 -0.7%
PI
39
PFG Investments
New York
$1.2M -$9.06K -403 -0.8%
HighTower Advisors
40
HighTower Advisors
Illinois
$1.13M -$141K -6,273 -11%
GCM
41
Generation Capital Management
New York
$1.12M +$15.2K +675 +1%
Neuberger Berman Group
42
Neuberger Berman Group
New York
$1.1M – – –
ASN
43
Advisory Services Network
Georgia
$1.09M +$141K +6,265 +15%
EAM
44
Evanson Asset Management
California
$1.08M -$6.97K -310 -0.7%
Mariner
45
Mariner
Kansas
$1.06M +$149K +6,618 +17%
Raymond James Financial
46
Raymond James Financial
Florida
$1.01M -$123K -5,468 -11%
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$882K -$33.6K -1,494 -4%
MC
48
Moors & Cabot
Massachusetts
$870K +$40K +1,779 +5%
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$854K +$294K +13,074 +54%
Osaic Holdings
50
Osaic Holdings
Arizona
$825K +$288K +12,829 +55%
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GSG Hedge Fund Activity: Q1 2025 in Review

128 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares S&P GSCI Commodity-Indexed Trust (GSG) for Q1 2025, worth a combined $663M — up 13% from $586M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new GSG positions and 18 closed out — a net gain of 1 holder — while 33 added to existing stakes and 31 trimmed.

The largest buyer was Sumitomo Life Insurance, adding an estimated $13.8M. The largest seller was Heartland Bank & Trust, exiting entirely with an estimated $6.44M sold.

  • 128 institutional investors held iShares S&P GSCI Commodity-Indexed Trust (GSG) as of Q1 2025, unchanged from Q4 2024.
  • Funds reported $663M of iShares S&P GSCI Commodity-Indexed Trust stock for Q1 2025, up 13% quarter-over-quarter.
  • 19 funds opened new iShares S&P GSCI Commodity-Indexed Trust positions in Q1 2025 and 18 closed out, a net change of +1 holder.
  • The largest iShares S&P GSCI Commodity-Indexed Trust buyer in Q1 2025 was Sumitomo Life Insurance, an estimated $13.8M added.
  • The largest iShares S&P GSCI Commodity-Indexed Trust seller in Q1 2025 was Heartland Bank & Trust, an estimated $6.44M sold.

Based on aggregated 13F filings for Q1 2025.