VanEck Merk Gold Trust
OUNZ
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.
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: 13 → 17 (+4)
16% more funds holding
Funds holding: 221 → 256 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$15.5M |
| 2 |
LPL Financial
San Diego,
California
|
+$11.6M |
| 3 |
VF
Virtu Financial
New York
|
+$4.91M |
| 4 |
JP Morgan Chase
New York
|
+$3.5M |
| 5 |
FWP
FAS Wealth Partners
Leawood,
Kansas
|
+$3.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$26.4M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$25.5M |
| 3 |
KWM
Kiker Wealth Management
Jasper,
Georgia
|
-$16.6M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$10.5M |
| 5 |
MCM
Morton Capital Management
Calabasas,
California
|
-$3.71M |
OUNZ Hedge Fund Activity: Q4 2025 in Review
256 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in VanEck Merk Gold Trust (OUNZ) for Q4 2025, worth a combined $1.19B — up 13% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new OUNZ positions and 19 closed out — a net gain of 35 holders — while 76 added to existing stakes and 74 trimmed.
The largest buyer was VanEck Associates, adding an estimated $15.5M. The largest seller was Cetera Investment Advisers, cutting an estimated $26.4M.
- 256 institutional investors held VanEck Merk Gold Trust (OUNZ) as of Q4 2025, up from 221 in Q3 2025.
- Funds reported $1.19B of VanEck Merk Gold Trust stock for Q4 2025, up 13% quarter-over-quarter.
- 54 funds opened new VanEck Merk Gold Trust positions in Q4 2025 and 19 closed out, a net change of +35 holders.
- The largest VanEck Merk Gold Trust buyer in Q4 2025 was VanEck Associates, an estimated $15.5M added.
- The largest VanEck Merk Gold Trust seller in Q4 2025 was Cetera Investment Advisers, an estimated $26.4M sold.
Based on aggregated 13F filings for Q4 2025.