iShares Gold Trust
350 hedge funds and large institutions have $2.82B invested in iShares Gold Trust in 2013 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 73 increasing their positions, 149 reducing their positions, and 48 closing their positions.
116% more call options, than puts
Call options by funds: $30.2M | Put options by funds: $14M
23% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 48
15% more funds holding in top 10
Funds holding in top 10: 20 → 23 (+3)
1% more funds holding
Funds holding: 345 → 350 (+5)
0.05% less ownership
Funds ownership: 22.17% → 22.12% (-0.05%)
17% less capital invested
Capital invested by funds: $3.42B → $2.82B (-$595M)
51% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 149
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWA
Convergent Wealth Advisors
Potomac,
Maryland
|
+$34.2M |
| 2 |
VF
Virtu Financial
New York
|
+$23.5M |
| 3 |
Goldman Sachs
New York
|
+$16.2M |
| 4 |
Bank of New York Mellon
New York
|
+$12.5M |
| 5 |
IVA
International Value Advisers
|
+$12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$70.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$51.4M |
| 3 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
-$45.1M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$26.8M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$19.1M |
IAU Hedge Fund Activity: Q4 2013 in Review
350 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in iShares Gold Trust (IAU) for Q4 2013, worth a combined $2.82B — down 17% from $3.42B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new IAU positions and 48 closed out — a net gain of 11 holders — while 73 added to existing stakes and 149 trimmed.
The largest buyer was Convergent Wealth Advisors, adding an estimated $34.2M. The largest seller was Bank of America, cutting an estimated $70.5M.
- 350 institutional investors held iShares Gold Trust (IAU) as of Q4 2013, up from 345 in Q3 2013.
- Funds reported $2.82B of iShares Gold Trust stock for Q4 2013, down 17% quarter-over-quarter.
- 59 funds opened new iShares Gold Trust positions in Q4 2013 and 48 closed out, a net change of +11 holders.
- The largest iShares Gold Trust buyer in Q4 2013 was Convergent Wealth Advisors, an estimated $34.2M added.
- The largest iShares Gold Trust seller in Q4 2013 was Bank of America, an estimated $70.5M sold.
Based on aggregated 13F filings for Q4 2013.