iShares Gold Trust
IAU
1,148 hedge funds and large institutions have $16.4B invested in iShares Gold Trust in 2023 Q4 according to their latest regulatory filings, with 172 funds opening new positions, 319 increasing their positions, 431 reducing their positions, and 49 closing their positions.
251% more first-time investments, than exits
New positions opened: 172 | Existing positions closed: 49
19% more capital invested
Capital invested by funds: $13.7B → $16.4B (+$2.67B)
11% more funds holding
Funds holding: 1,037 → 1,148 (+111)
10% more funds holding in top 10
Funds holding in top 10: 99 → 109 (+10)
6.26% more ownership
Funds ownership: 55.64% → 61.89% (+6.3%)
26% less repeat investments, than reductions
Existing positions increased: 319 | Existing positions reduced: 431
49% less call options, than puts
Call options by funds: $268M | Put options by funds: $523M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$796M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$157M |
| 3 |
Jane Street
New York
|
+$91M |
| 4 |
JP Morgan Chase
New York
|
+$76.2M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$45.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$62.5M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$30M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$28.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$26.3M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$25.2M |
IAU Hedge Fund Activity: Q4 2023 in Review
1,148 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in iShares Gold Trust (IAU) for Q4 2023, worth a combined $16.4B — up 19% from $13.7B a quarter earlier.
Buyers outnumbered sellers: 172 funds opened new IAU positions and 49 closed out — a net gain of 123 holders — while 319 added to existing stakes and 431 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $796M. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $62.5M.
- 1,148 institutional investors held iShares Gold Trust (IAU) as of Q4 2023, up from 1,037 in Q3 2023.
- Funds reported $16.4B of iShares Gold Trust stock for Q4 2023, up 19% quarter-over-quarter.
- 172 funds opened new iShares Gold Trust positions in Q4 2023 and 49 closed out, a net change of +123 holders.
- The largest iShares Gold Trust buyer in Q4 2023 was Morgan Stanley, an estimated $796M added.
- The largest iShares Gold Trust seller in Q4 2023 was Northwestern Mutual Wealth Management, an estimated $62.5M sold.
Based on aggregated 13F filings for Q4 2023.