iShares S&P GSCI Commodity-Indexed Trust
GSG
130 hedge funds and large institutions have $740M invested in iShares S&P GSCI Commodity-Indexed Trust in 2025 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 25 increasing their positions, 38 reducing their positions, and 9 closing their positions.
156% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 9
12% more capital invested
Capital invested by funds: $663M → $740M (+$76.6M)
10% more funds holding
Funds holding: 118 → 130 (+12)
1.93% more ownership
Funds ownership: 66.75% → 68.68% (+1.9%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
34% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SLI
Sumitomo Life Insurance
Tokyo,
Japan
|
+$40.2M |
| 2 |
JP Morgan Chase
New York
|
+$11.6M |
| 3 |
CFO
Callan Family Office
Radnor,
Pennsylvania
|
+$4.2M |
| 4 |
Neuberger Berman Group
New York
|
+$4.09M |
| 5 |
Goldman Sachs
New York
|
+$3.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UFF
USA Financial Formulas
Ada,
Michigan
|
-$7.79M |
| 2 |
Natixis Advisors
Boston,
Massachusetts
|
-$4.47M |
| 3 |
RCIM
Red Cedar Investment Management
Grand Rapids,
Michigan
|
-$4.24M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.04M |
| 5 |
OFS
OneAscent Financial Services
Birmingham,
Alabama
|
-$929K |
GSG Hedge Fund Activity: Q4 2025 in Review
130 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in iShares S&P GSCI Commodity-Indexed Trust (GSG) for Q4 2025, worth a combined $740M — up 12% from $663M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new GSG positions and 9 closed out — a net gain of 14 holders — while 25 added to existing stakes and 38 trimmed.
The largest buyer was Sumitomo Life Insurance, opening a new position worth an estimated $40.2M. The largest seller was USA Financial Formulas, cutting an estimated $7.79M.
- 130 institutional investors held iShares S&P GSCI Commodity-Indexed Trust (GSG) as of Q4 2025, up from 118 in Q3 2025.
- Funds reported $740M of iShares S&P GSCI Commodity-Indexed Trust stock for Q4 2025, up 12% quarter-over-quarter.
- 23 funds opened new iShares S&P GSCI Commodity-Indexed Trust positions in Q4 2025 and 9 closed out, a net change of +14 holders.
- The largest iShares S&P GSCI Commodity-Indexed Trust buyer in Q4 2025 was Sumitomo Life Insurance, an estimated $40.2M added.
- The largest iShares S&P GSCI Commodity-Indexed Trust seller in Q4 2025 was USA Financial Formulas, an estimated $7.79M sold.
Based on aggregated 13F filings for Q4 2025.