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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
BNP Paribas Financial Markets
151
BNP Paribas Financial Markets
France
$198K +$182K +6,570 New
HPC
152
HM Payson & Co
Maine
$137K -$25K -904 -17%
HI
153
Harbour Investments
Wisconsin
$117K -$14.8K -536 -12%
WTC
154
WhitTier Trust Company
Nevada
$108K – – –
PS
155
Principal Securities
Iowa
$105K – – –
MCM
156
MAI Capital Management
Ohio
$100K – – –
MCM
157
Manchester Capital Management
Vermont
$87.3K – – –
Northwestern Mutual Wealth Management
158
Northwestern Mutual Wealth Management
Wisconsin
$75.7K +$69.5K +2,513 New
NSIM
159
North Star Investment Management
Illinois
$60.3K +$55.3K +2,000 New
FNWA
160
Financial Network Wealth Advisors
Utah
$51.3K +$47.1K +1,702 New
SFGP
161
Stonebridge Financial Group (Pennsylvania)
Pennsylvania
$49.4K – – –
AF
162
Advisornet Financial
Minnesota
$47.6K – – –
Royal Bank of Canada
163
Royal Bank of Canada
Ontario, Canada
$36K – – –
LWMI
164
Legacy Wealth Management (Idaho)
Idaho
$33.2K – – –
SAM
165
Smartleaf Asset Management
Massachusetts
$31.8K +$29.6K +1,069 New
Bank of America
166
Bank of America
North Carolina
$28.1K +$13.5K +488 +110%
IA
167
IFP Advisors
Florida
$28K +$12K +434 +88%
PMFA
168
Plante Moran Financial Advisors
Michigan
$27.5K – – –
HCM
169
Hollencrest Capital Management
California
$25.9K – – –
WPA
170
Wealth Preservation Advisors
Tennessee
$24.1K +$22.1K +800 New
PTC
171
Private Trust Company
Ohio
$23.9K +$21.9K +793 New
AP
172
Atwood & Palmer
Missouri
$22.6K – – –
CA
173
Continuum Advisory
Idaho
$20.8K +$19.1K +689 New
PNC Financial Services Group
174
PNC Financial Services Group
Pennsylvania
$18.3K +$16.8K +608 New
National Bank of Canada
175
National Bank of Canada
Quebec, Canada
$14.5K – – –
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.