VanEck Merk Gold Trust
OUNZ
206 hedge funds and large institutions have $864M invested in VanEck Merk Gold Trust in 2025 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 69 increasing their positions, 53 reducing their positions, and 9 closing their positions.
1,374% more call options, than puts
Call options by funds: $2.34M | Put options by funds: $159K
278% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 9
30% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 53
18% more capital invested
Capital invested by funds: $734M → $864M (+$130M)
13% more funds holding
Funds holding: 183 → 206 (+23)
1.99% more ownership
Funds ownership: 48.67% → 50.67% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 14 → 14 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
+$20.2M |
| 2 |
LPL Financial
San Diego,
California
|
+$13.7M |
| 3 |
DA
Drake & Associates
Waukesha,
Wisconsin
|
+$12.7M |
| 4 |
VanEck Associates
New York
|
+$11.7M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
P
Pitcairn
Conshohocken,
Pennsylvania
|
-$14.1M |
| 2 |
Renaissance Technologies
New York
|
-$13.1M |
| 3 |
MCM
Morton Capital Management
Calabasas,
California
|
-$9.04M |
| 4 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
-$4.5M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.61M |
OUNZ Hedge Fund Activity: Q2 2025 in Review
206 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in VanEck Merk Gold Trust (OUNZ) for Q2 2025, worth a combined $864M — up 18% from $734M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new OUNZ positions and 9 closed out — a net gain of 25 holders — while 69 added to existing stakes and 53 trimmed.
The largest buyer was Quadrature Capital, opening a new position worth an estimated $20.2M. The largest seller was Pitcairn, cutting an estimated $14.1M.
- 206 institutional investors held VanEck Merk Gold Trust (OUNZ) as of Q2 2025, up from 183 in Q1 2025.
- Funds reported $864M of VanEck Merk Gold Trust stock for Q2 2025, up 18% quarter-over-quarter.
- 34 funds opened new VanEck Merk Gold Trust positions in Q2 2025 and 9 closed out, a net change of +25 holders.
- The largest VanEck Merk Gold Trust buyer in Q2 2025 was Quadrature Capital, an estimated $20.2M added.
- The largest VanEck Merk Gold Trust seller in Q2 2025 was Pitcairn, an estimated $14.1M sold.
Based on aggregated 13F filings for Q2 2025.