iShares Gold Trust
IAU
345 hedge funds and large institutions have $2.72B invested in iShares Gold Trust in 2013 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 96 increasing their positions, 145 reducing their positions, and 37 closing their positions.
5% more funds holding in top 10
Funds holding in top 10: 19 → 20 (+1)
1.22% more ownership
Funds ownership: 20.96% → 22.18% (+1.2%)
8% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 37
1% less funds holding
Funds holding: 349 → 345 (-4)
11% less capital invested
Capital invested by funds: $3.05B → $2.72B (-$323M)
34% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 145
40% less call options, than puts
Call options by funds: $9.71M | Put options by funds: $16.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
+$168M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$65.2M |
| 3 |
RBC
Ronald Blue & Co
Roswell,
Georgia
|
+$47.6M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$15.8M |
| 5 |
AIS
American Investment Services
Great Barrington,
Massachusetts
|
+$9.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IVA
International Value Advisers
|
-$26.3M |
| 2 |
State Street
Boston,
Massachusetts
|
-$22.5M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$22.5M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$17M |
| 5 |
CNB
City National Bank
Beverly Hills,
California
|
-$14.7M |
IAU Hedge Fund Activity: Q3 2013 in Review
345 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in iShares Gold Trust (IAU) for Q3 2013, worth a combined $2.72B — down 11% from $3.05B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of IAU and 34 opened new positions — a net loss of 3 holders — while 145 trimmed existing stakes and 96 added.
The largest buyer was Windhaven Investment Management, adding an estimated $168M. The largest seller was International Value Advisers, cutting an estimated $26.3M.
- 345 institutional investors held iShares Gold Trust (IAU) as of Q3 2013, down from 349 in Q2 2013.
- Funds reported $2.72B of iShares Gold Trust stock for Q3 2013, down 11% quarter-over-quarter.
- 34 funds opened new iShares Gold Trust positions in Q3 2013 and 37 closed out, a net change of -3 holders.
- The largest iShares Gold Trust buyer in Q3 2013 was Windhaven Investment Management, an estimated $168M added.
- The largest iShares Gold Trust seller in Q3 2013 was International Value Advisers, an estimated $26.3M sold.
Based on aggregated 13F filings for Q3 2013.