iShares Gold Trust
1,708 hedge funds and large institutions have $31.5B invested in iShares Gold Trust in 2025 Q3 according to their latest regulatory filings, with 194 funds opening new positions, 756 increasing their positions, 418 reducing their positions, and 53 closing their positions.
266% more first-time investments, than exits
New positions opened: 194 | Existing positions closed: 53
81% more repeat investments, than reductions
Existing positions increased: 756 | Existing positions reduced: 418
24% more capital invested
Capital invested by funds: $25.5B → $31.5B (+$6B)
10% more funds holding in top 10
Funds holding in top 10: 150 → 165 (+15)
7% more funds holding
Funds holding: 1,594 → 1,708 (+114)
0.69% less ownership
Funds ownership: 54.22% → 53.53% (-0.69%)
53% less call options, than puts
Call options by funds: $360M | Put options by funds: $772M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$432M |
| 2 |
SG
SCHF (GPE)
Wilson,
Wyoming
|
+$206M |
| 3 |
LPL Financial
San Diego,
California
|
+$172M |
| 4 |
JP Morgan Chase
New York
|
+$146M |
| 5 |
MB
Mizuho Bank
Tokyo,
Japan
|
+$108M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
-$441M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$224M |
| 3 |
PA
PFG Advisors
Phoenix,
Arizona
|
-$91.3M |
| 4 |
PC
Pureheart Capital
Singapore,
|
-$84.9M |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
-$56.8M |
IAU Hedge Fund Activity: Q3 2025 in Review
1,708 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in iShares Gold Trust (IAU) for Q3 2025, worth a combined $31.5B — up 24% from $25.5B a quarter earlier.
Buyers outnumbered sellers: 194 funds opened new IAU positions and 53 closed out — a net gain of 141 holders — while 756 added to existing stakes and 418 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $432M. The largest seller was Sumitomo Mitsui Trust Group, cutting an estimated $441M.
- 1,708 institutional investors held iShares Gold Trust (IAU) as of Q3 2025, up from 1,594 in Q2 2025.
- Funds reported $31.5B of iShares Gold Trust stock for Q3 2025, up 24% quarter-over-quarter.
- 194 funds opened new iShares Gold Trust positions in Q3 2025 and 53 closed out, a net change of +141 holders.
- The largest iShares Gold Trust buyer in Q3 2025 was Envestnet Asset Management, an estimated $432M added.
- The largest iShares Gold Trust seller in Q3 2025 was Sumitomo Mitsui Trust Group, an estimated $441M sold.
Based on aggregated 13F filings for Q3 2025.