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VanEck Merk Gold Trust

256 hedge funds and large institutions have $1.19B invested in VanEck Merk Gold Trust in 2025 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 76 increasing their positions, 74 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

184% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 19

31% more funds holding in top 10

Funds holding in top 10: 1317 (+4)

16% more funds holding

Funds holding: 221256 (+35)

13% more capital invested

Capital invested by funds: $1.05B → $1.19B (+$138M)

3% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 74

1.33% less ownership

Funds ownership: 49.48%48.15% (-1.3%)

44% less call options, than puts

Call options by funds: $660K | Put options by funds: $1.18M

Holders
256
Holders Change
+35
Holders Change %
+15.84%
% of All Funds
3.12%
Holding in Top 10
17
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+30.77%
% of All Funds
0.21%
New
54
Increased
76
Reduced
74
Closed
19
Calls
$660K
Puts
$1.18M
Net Calls
-$523K
Net Calls Change
-$1.39M
Name Holding Trade Value Shares
Change
Change in
Stake
MCM
1
Morton Capital Management
California
$152M -$3.71M -92,706 -2%
LPL Financial
2
LPL Financial
California
$132M +$11.6M +290,206 +10%
VanEck Associates
3
VanEck Associates
New York
$76.5M +$15.5M +388,131 +27%
PWA
4
Pitcairn Wealth Advisors
Pennsylvania
$55.4M +$53.4M +1,336,033 New
Cetera Investment Advisers
5
Cetera Investment Advisers
Illinois
$44.2M -$26.4M -660,224 -38%
AOWM
6
Asset One Wealth Management
Washington
$33.6M +$30M +749,502 New
Ameriprise
7
Ameriprise
Minnesota
$32.7M -$347K -8,684 -1%
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$31.6M -$10.5M -262,541 -26%
Raymond James Financial
9
Raymond James Financial
Florida
$29.7M -$248K -6,212 -0.9%
Cambridge Investment Research Advisors
10
Cambridge Investment Research Advisors
Iowa
$29.4M -$603K -15,078 -2%
Wealth Enhancement Advisory Services
11
Wealth Enhancement Advisory Services
Minnesota
$28.3M -$1.36M -33,913 -5%
MWM
12
Modern Wealth Management
Kansas
$23.6M -$2.29M -57,247 -9%
DA
13
Drake & Associates
Wisconsin
$20M +$1.27M +31,713 +7%
MML Investors Services
14
MML Investors Services
Massachusetts
$17.2M -$615K -15,384 -4%
JP Morgan Chase
15
JP Morgan Chase
New York
$17.1M +$3.5M +87,499 +27%
Osaic Holdings
16
Osaic Holdings
Arizona
$16.8M -$1.05M -26,240 -6%
EPAM
17
Euro Pacific Asset Management
Puerto Rico
$16.6M +$141K +3,533 +0.9%
HighTower Advisors
18
HighTower Advisors
Illinois
$15.5M +$53.6K +1,342 +0.4%
SOS
19
Silver Oak Securities
Tennessee
$14.2M -$1.6M -39,975 -11%
PHS
20
Pekin Hardy Strauss
Illinois
$13.6M +$205K +5,117 +2%
AAG
21
Accordant Advisory Group
Maryland
$12.4M +$194K +4,858 +2%
SA
22
Sanctuary Advisors
Indiana
$11.1M +$841K +21,050 +9%
SNB
23
Security National Bank
Nebraska
$11.1M +$1.28M +31,915 +14%
AAS
24
Ameritas Advisory Services
Nebraska
$11M -$167K -4,168 -2%
SC
25
Solstein Capital
California
$10.6M +$168K +4,209 +2%