iShares S&P GSCI Commodity-Indexed Trust
118 hedge funds and large institutions have $663M 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, 37 reducing their positions, and 9 closing their positions.
125% more call options, than puts
Call options by funds: $315K | Put options by funds: $140K
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
10% more capital invested
Capital invested by funds: $602M → $663M (+$60.7M)
3.42% more ownership
Funds ownership: 63.33% → 66.75% (+3.4%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less funds holding
Funds holding: 120 → 118 (-2)
27% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 37
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
118 of the 7,639 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 $663M — up 10% from $602M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new GSG positions and 9 closed out — a net gain of 1 holder — while 27 added to existing stakes and 37 trimmed.
The largest buyer was BlackRock, adding an estimated $46.2M. The largest seller was USA Financial Formulas, cutting an estimated $14.8M.
- 118 institutional investors held iShares S&P GSCI Commodity-Indexed Trust (GSG) as of Q3 2025, down from 120 in Q2 2025.
- Funds reported $663M of iShares S&P GSCI Commodity-Indexed Trust stock for Q3 2025, up 10% quarter-over-quarter.
- 10 funds opened new iShares S&P GSCI Commodity-Indexed Trust positions in Q3 2025 and 9 closed out, a net change of +1 holder.
- 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.