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iShares S&P GSCI Commodity-Indexed Trust
GSG

117 hedge funds and large institutions have $662M invested in iShares S&P GSCI Commodity-Indexed Trust in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 36 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more call options, than puts

Call options by funds: $315K | Put options by funds: $140K

10% more capital invested

Capital invested by funds: $602M → $662M (+$59.8M)

3.33% more ownership

Funds ownership: 63.33% → 66.66% (+3.3%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

3% less funds holding

Funds holding: 120 → 117 (-3)

25% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 36

Holders
117
Holders Change
-3
Holders Change %
-2.5%
% of All Funds
1.54%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
27
Reduced
36
Closed
10
Calls
$315K
Puts
$140K
Net Calls
+$175K
Net Calls Change
-$575K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$46.2M
2
Bank of America
Bank of America
North Carolina
+$7.33M
3
Goldman Sachs
Goldman Sachs
New York
+$6.85M
4
SIM
Strategic Investment Management
Virginia
+$1.67M
5
QC
Quent Capital
New York
+$1.51M

Top Sellers

Rank Fund Capital Flow
1
UFF
USA Financial Formulas
Michigan
-$14.8M
2
QC
Quadrature Capital
United Kingdom
-$7.56M
3
MHS
M Holdings Securities
Oregon
-$2.68M
4
Ameriprise
Ameriprise
Minnesota
-$1.82M
5
EAM
Empirical Asset Management
Massachusetts
-$1.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
AP
51
Aspect Partners
Virginia
$549K +$2.04K +90 +0.4%
Cetera Investment Advisers
52
Cetera Investment Advisers
Illinois
$526K +$281K +12,432 +119%
Envestnet Portfolio Solutions
53
Envestnet Portfolio Solutions
Illinois
$513K +$136K +6,023 +37%
CAM
54
Chandler Asset Management
California
$496K -$45K -1,990 -8%
KF
55
Krilogy Financial
Missouri
$456K +$216K +9,569 +94%
SAA
56
Southeast Asset Advisors
Georgia
$425K – – –
Ameriprise
57
Ameriprise
Minnesota
$419K -$1.82M -80,355 -81%
SC
58
Sierra Capital
Florida
$405K -$10.2K -449 -2%
SC
59
Scotia Capital
Ontario, Canada
$392K – – –
PWM
60
Perigon Wealth Management
California
$381K – – –
AC
61
AlphaCore Capital
California
$370K +$108K +4,762 +42%
FNT
62
First National Trust
Pennsylvania
$355K – – –
Bank of Nova Scotia
63
Bank of Nova Scotia
Ontario, Canada
$327K – – –
GKIM
64
GW&K Investment Management
Massachusetts
$322K – – –
MHS
65
M Holdings Securities
Oregon
$318K -$2.68M -118,445 -90%
FTS
66
Fifth Third Securities
Ohio
$304K +$55.2K +2,440 +23%
Cambridge Investment Research Advisors
67
Cambridge Investment Research Advisors
Iowa
$283K -$1.81K -80 -0.6%
Mackenzie Financial
68
Mackenzie Financial
Ontario, Canada
$282K +$1.4K +62 +0.5%
BAM
69
BOS Asset Management
Illinois
$260K – – –
ACM
70
Aurdan Capital Management
Pennsylvania
$242K – – –
PA
71
Parallel Advisors
California
$221K – – –
CFA
72
Capstone Financial Advisors
Illinois
$221K – – –
RMDI
73
R.M. Davis Inc
Maine
$210K – – –
Rockefeller Capital Management
74
Rockefeller Capital Management
New York
$210K +$206K +9,129 New
BIM
75
Breakwater Investment Management
Washington
$194K -$814 -36 -0.4%
1 2
3
4 5

GSG Hedge Fund Activity: Q3 2025 in Review

117 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in iShares S&P GSCI Commodity-Indexed Trust (GSG) for Q3 2025, worth a combined $662M — up 9.9% from $602M a quarter earlier.

Fund positioning in GSG was balanced in Q3 2025: 10 funds opened new positions, 10 closed out, 27 added to existing stakes and 36 trimmed.

The largest buyer was BlackRock, adding an estimated $46.2M. The largest seller was USA Financial Formulas, cutting an estimated $14.8M.

  • 117 institutional investors held iShares S&P GSCI Commodity-Indexed Trust (GSG) as of Q3 2025, down from 120 in Q2 2025.
  • Funds reported $662M of iShares S&P GSCI Commodity-Indexed Trust stock for Q3 2025, up 9.9% quarter-over-quarter.
  • 10 funds opened new iShares S&P GSCI Commodity-Indexed Trust positions in Q3 2025 and 10 closed out, a net change of 0 holders.
  • The largest iShares S&P GSCI Commodity-Indexed Trust buyer in Q3 2025 was BlackRock, an estimated $46.2M added.
  • The largest iShares S&P GSCI Commodity-Indexed Trust seller in Q3 2025 was USA Financial Formulas, an estimated $14.8M sold.

Based on aggregated 13F filings for Q3 2025.