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VanEck Merk Gold Trust
OUNZ

183 hedge funds and large institutions have $734M invested in VanEck Merk Gold Trust in 2025 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 62 increasing their positions, 36 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,009% more call options, than puts

Call options by funds: $2.11M | Put options by funds: $190K

179% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 14

72% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 36

56% more funds holding in top 10

Funds holding in top 10: 9 → 14 (+5)

24% more capital invested

Capital invested by funds: $593M → $734M (+$141M)

13% more funds holding

Funds holding: 162 → 183 (+21)

1.05% less ownership

Funds ownership: 49.73% → 48.67% (-1.1%)

Holders
183
Holders Change
+21
Holders Change %
+12.96%
% of All Funds
2.45%
Holding in Top 10
14
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+55.56%
% of All Funds
0.19%
New
39
Increased
62
Reduced
36
Closed
14
Calls
$2.11M
Puts
$190K
Net Calls
+$1.92M
Net Calls Change
+$1.59M

Top Buyers

1
LPL Financial
LPL Financial
California
+$24.5M
2
Renaissance Technologies
Renaissance Technologies
New York
+$8.88M
3
Osaic Holdings
Osaic Holdings
Arizona
+$4.77M
4
DZ Bank
DZ Bank
Germany
+$2.73M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$2.48M

Top Sellers

1
FFO
Fiduciary Family Office
Florida
-$11.6M
2
NHFG
New Harbor Financial Group
Massachusetts
-$11.6M
3
Jane Street
Jane Street
New York
-$5.1M
4
MCM
Morton Capital Management
California
-$2.86M
5
IAA
Independent Advisor Alliance
North Carolina
-$1.74M
Name Holding Trade Value Shares
Change 		Change in
Stake
CB
126
Cadence Bank
Mississippi
$281K -$25.8K -933 -9%
Vontobel Holding
127
Vontobel Holding
Switzerland
$271K – – –
MOS
128
MGO One Seven
Ohio
$270K +$248K +8,957 New
VC
129
Veracity Capital
Georgia
$270K +$248K +8,952 New
Carson Wealth (CWM LLC)
130
Carson Wealth (CWM LLC)
Nebraska
$263K +$34.5K +1,247 +17%
SWP
131
Sagespring Wealth Partners
Tennessee
$256K -$359 -13 -0.2%
PIA
132
Perennial Investment Advisors
California
$255K +$5.53K +200 +2%
BPA
133
Beacon Pointe Advisors
California
$255K – – –
WWM
134
Wolff Wiese Magana
California
$248K – – –
CIA
135
Cape Investment Advisory
Georgia
$244K -$61.2K -2,213 -21%
PFA
136
Pure Financial Advisors
California
$243K +$223K +8,078 New
Wells Fargo
137
Wells Fargo
California
$243K +$92.2K +3,334 +70%
TDC
138
Thompson Davis & Co
Virginia
$240K – – –
NFA
139
Northwest Financial Advisors
Virginia
$238K +$218K +7,896 New
JIP
140
Jaffetilchin Investment Partners
Florida
$229K +$210K +7,600 New
SAM
141
Silvercrest Asset Management
New York
$227K +$208K +7,520 New
BCWM
142
Bartlett & Co Wealth Management
Ohio
$226K – – –
CAMG
143
CWA Asset Management Group
Florida
$225K +$207K +7,478 New
GSWM
144
Golden State Wealth Management
California
$224K +$15.2K +550 +8%
MWML
145
M Wealth Management LLC
California
$222K -$160K -5,777 -44%
BEI
146
Benjamin Edwards Inc
Missouri
$218K +$200K +7,239 New
PWM
147
Perigon Wealth Management
California
$212K +$194K +7,029 New
SFS
148
Sowell Financial Services
Arkansas
$209K +$191K +6,925 New
SI
149
Stephens Inc
Arkansas
$204K +$187K +6,775 New
WMA
150
Wealth Management Associates
New Jersey
$204K +$187K +6,755 New
4 5
6
7 8

OUNZ Hedge Fund Activity: Q1 2025 in Review

183 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in VanEck Merk Gold Trust (OUNZ) for Q1 2025, worth a combined $734M — up 24% from $593M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new OUNZ positions and 14 closed out — a net gain of 25 holders — while 62 added to existing stakes and 36 trimmed.

The largest buyer was LPL Financial, adding an estimated $24.5M. The largest seller was Fiduciary Family Office, exiting entirely with an estimated $11.6M sold.

  • 183 institutional investors held VanEck Merk Gold Trust (OUNZ) as of Q1 2025, up from 162 in Q4 2024.
  • Funds reported $734M of VanEck Merk Gold Trust stock for Q1 2025, up 24% quarter-over-quarter.
  • 39 funds opened new VanEck Merk Gold Trust positions in Q1 2025 and 14 closed out, a net change of +25 holders.
  • The largest VanEck Merk Gold Trust buyer in Q1 2025 was LPL Financial, an estimated $24.5M added.
  • The largest VanEck Merk Gold Trust seller in Q1 2025 was Fiduciary Family Office, an estimated $11.6M sold.

Based on aggregated 13F filings for Q1 2025.