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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$46.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$7.33M |
| 3 |
Goldman Sachs
New York
|
+$6.85M |
| 4 |
SIM
Strategic Investment Management
Arlington,
Virginia
|
+$1.67M |
| 5 |
QC
Quent Capital
New York
|
+$1.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UFF
USA Financial Formulas
Ada,
Michigan
|
-$14.8M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$7.56M |
| 3 |
MHS
M Holdings Securities
Portland,
Oregon
|
-$2.68M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.82M |
| 5 |
EAM
Empirical Asset Management
Wellesley,
Massachusetts
|
-$1.56M |
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.