iShares S&P GSCI Commodity-Indexed Trust
GSG
144 hedge funds and large institutions have $497M invested in iShares S&P GSCI Commodity-Indexed Trust in 2026 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 32 increasing their positions, 38 reducing their positions, and 10 closing their positions.
325% more call options, than puts
Call options by funds: $8.71M | Put options by funds: $2.05M
190% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 10
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
11% more funds holding
Funds holding: 130 → 144 (+14)
16% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 38
19.89% less ownership
Funds ownership: 68.85% → 48.97% (-20%)
33% less capital invested
Capital invested by funds: $742M → $497M (-$245M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$18.5M |
| 2 |
DFO
Duquesne Family Office
New York
|
+$17.2M |
| 3 |
UFF
USA Financial Formulas
Ada,
Michigan
|
+$15M |
| 4 |
LA
Lifeworks Advisors
Grand Rapids,
Michigan
|
+$9.02M |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$7.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$459M |
| 2 |
SLI
Sumitomo Life Insurance
Tokyo,
Japan
|
-$29.4M |
| 3 |
JP Morgan Chase
New York
|
-$14.5M |
| 4 |
Goldman Sachs
New York
|
-$9.14M |
| 5 |
SIM
Strategic Investment Management
Arlington,
Virginia
|
-$6.45M |
GSG Hedge Fund Activity: Q1 2026 in Review
144 of the 8,173 institutional investors tracked by Wall St. Rank reported a position in iShares S&P GSCI Commodity-Indexed Trust (GSG) for Q1 2026, worth a combined $497M — down 33% from $742M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new GSG positions and 10 closed out — a net gain of 19 holders — while 32 added to existing stakes and 38 trimmed.
The largest buyer was Wells Fargo, adding an estimated $18.5M. The largest seller was BlackRock, cutting an estimated $459M.
- 144 institutional investors held iShares S&P GSCI Commodity-Indexed Trust (GSG) as of Q1 2026, up from 130 in Q4 2025.
- Funds reported $497M of iShares S&P GSCI Commodity-Indexed Trust stock for Q1 2026, down 33% quarter-over-quarter.
- 29 funds opened new iShares S&P GSCI Commodity-Indexed Trust positions in Q1 2026 and 10 closed out, a net change of +19 holders.
- The largest iShares S&P GSCI Commodity-Indexed Trust buyer in Q1 2026 was Wells Fargo, an estimated $18.5M added.
- The largest iShares S&P GSCI Commodity-Indexed Trust seller in Q1 2026 was BlackRock, an estimated $459M sold.
Based on aggregated 13F filings for Q1 2026.