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iShares S&P GSCI Commodity-Indexed Trust
GSG

120 hedge funds and large institutions have $602M invested in iShares S&P GSCI Commodity-Indexed Trust in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 23 increasing their positions, 40 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

37,500% more call options, than puts

Call options by funds: $752K | Put options by funds: $2K

0.43% more ownership

Funds ownership: 62.9% → 63.33% (+0.43%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

6% less funds holding

Funds holding: 128 → 120 (-8)

9% less capital invested

Capital invested by funds: $663M → $602M (-$60.4M)

24% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 17

43% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 40

Holders
120
Holders Change
-8
Holders Change %
-6.25%
% of All Funds
1.58%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
13
Increased
23
Reduced
40
Closed
17
Calls
$752K
Puts
$2K
Net Calls
+$750K
Net Calls Change
-$2.52M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$24.7M
2
UFF
USA Financial Formulas
Michigan
+$21.9M
3
QC
Quadrature Capital
United Kingdom
+$6.32M
4
WGS
Washington Growth Strategies
District of Columbia
+$2.94M
5
QC
Quent Capital
New York
+$2.65M

Top Sellers

Rank Fund Capital Flow
1
SLI
Sumitomo Life Insurance
Japan
-$50.3M
2
JP Morgan Chase
JP Morgan Chase
New York
-$12.9M
3
Deutsche Bank
Deutsche Bank
Germany
-$10.5M
4
Jane Street
Jane Street
New York
-$4.85M
5
Wells Fargo
Wells Fargo
California
-$4.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
51
JP Morgan Chase
New York
$626K -$12.9M -595,736 -95%
FMI
52
F/M Investments
District of Columbia
$577K – – –
OC
53
Oppenheimer & Co
New York
$560K – – –
AC
54
Avestar Capital
New York
$557K – – –
AP
55
Aspect Partners
Virginia
$524K +$516K +23,795 New
CAM
56
Chandler Asset Management
California
$520K – – –
AAS
57
Avantax Advisory Services
Texas
$500K +$38K +1,752 +8%
SWTS
58
Stonehaven Wealth & Tax Solutions
Wisconsin
$428K -$4.12K -190 -1%
SAA
59
Southeast Asset Advisors
Georgia
$408K +$96.4K +4,451 +32%
SC
60
Sierra Capital
Florida
$399K -$76.9K -3,550 -16%
CWM
61
Congress Wealth Management
Massachusetts
$395K – – –
SC
62
Scotia Capital
Ontario, Canada
$376K -$1.07M -49,548 -74%
PWM
63
Perigon Wealth Management
California
$366K – – –
Envestnet Portfolio Solutions
64
Envestnet Portfolio Solutions
Illinois
$359K +$90.5K +4,177 +34%
FNT
65
First National Trust
Pennsylvania
$341K +$10.3K +476 +3%
Corient Private Wealth
66
Corient Private Wealth
Florida
$323K +$21.9K +1,013 +7%
Bank of Nova Scotia
67
Bank of Nova Scotia
Ontario, Canada
$314K – – –
GKIM
68
GW&K Investment Management
Massachusetts
$309K – – –
EH
69
Equitable Holdings
New York
$285K +$280K +12,932 New
Cambridge Investment Research Advisors
70
Cambridge Investment Research Advisors
Iowa
$274K -$62.7K -2,893 -19%
Mackenzie Financial
71
Mackenzie Financial
Ontario, Canada
$269K -$3.31K -153 -1%
KPWS
72
Kestra Private Wealth Services
Texas
$266K +$262K +12,090 New
AC
73
AlphaCore Capital
California
$250K – – –
BAM
74
BOS Asset Management
Illinois
$250K – – –
FTS
75
Fifth Third Securities
Ohio
$238K +$38.2K +1,764 +20%
1 2
3
4 5

GSG Hedge Fund Activity: Q2 2025 in Review

120 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in iShares S&P GSCI Commodity-Indexed Trust (GSG) for Q2 2025, worth a combined $602M — down 9.1% from $663M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of GSG and 13 opened new positions — a net loss of 4 holders — while 40 trimmed existing stakes and 23 added.

The largest buyer was BlackRock, adding an estimated $24.7M. The largest seller was Sumitomo Life Insurance, exiting entirely with an estimated $50.3M sold.

  • 120 institutional investors held iShares S&P GSCI Commodity-Indexed Trust (GSG) as of Q2 2025, down from 128 in Q1 2025.
  • Funds reported $602M of iShares S&P GSCI Commodity-Indexed Trust stock for Q2 2025, down 9.1% quarter-over-quarter.
  • 13 funds opened new iShares S&P GSCI Commodity-Indexed Trust positions in Q2 2025 and 17 closed out, a net change of -4 holders.
  • The largest iShares S&P GSCI Commodity-Indexed Trust buyer in Q2 2025 was BlackRock, an estimated $24.7M added.
  • The largest iShares S&P GSCI Commodity-Indexed Trust seller in Q2 2025 was Sumitomo Life Insurance, an estimated $50.3M sold.

Based on aggregated 13F filings for Q2 2025.