VanEck Merk Gold Trust
OUNZ
291 hedge funds and large institutions have $1.46B invested in VanEck Merk Gold Trust in 2026 Q1 according to their latest regulatory filings, with 58 funds opening new positions, 100 increasing their positions, 75 reducing their positions, and 17 closing their positions.
307% more call options, than puts
Call options by funds: $1.37M | Put options by funds: $338K
241% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 17
33% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 75
23% more capital invested
Capital invested by funds: $1.19B → $1.46B (+$274M)
14% more funds holding
Funds holding: 256 → 291 (+35)
3.41% more ownership
Funds ownership: 48.15% → 51.56% (+3.4%)
6% less funds holding in top 10
Funds holding in top 10: 17 → 16 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$92.5M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$27.3M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$20.5M |
| 4 |
KWM
Kiker Wealth Management
Jasper,
Georgia
|
+$20.1M |
| 5 |
SRC
Shufro Rose & Co
New York
|
+$15.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$17.5M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$14.5M |
| 3 |
MCM
Morton Capital Management
Calabasas,
California
|
-$11.2M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$7.49M |
| 5 |
FA
Faithward Advisors
Lancaster,
Pennsylvania
|
-$5.18M |
OUNZ Hedge Fund Activity: Q1 2026 in Review
291 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in VanEck Merk Gold Trust (OUNZ) for Q1 2026, worth a combined $1.46B — up 23% from $1.19B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new OUNZ positions and 17 closed out — a net gain of 41 holders — while 100 added to existing stakes and 75 trimmed.
The largest buyer was VanEck Associates, adding an estimated $92.5M. The largest seller was JP Morgan Chase, cutting an estimated $17.5M.
- 291 institutional investors held VanEck Merk Gold Trust (OUNZ) as of Q1 2026, up from 256 in Q4 2025.
- Funds reported $1.46B of VanEck Merk Gold Trust stock for Q1 2026, up 23% quarter-over-quarter.
- 58 funds opened new VanEck Merk Gold Trust positions in Q1 2026 and 17 closed out, a net change of +41 holders.
- The largest VanEck Merk Gold Trust buyer in Q1 2026 was VanEck Associates, an estimated $92.5M added.
- The largest VanEck Merk Gold Trust seller in Q1 2026 was JP Morgan Chase, an estimated $17.5M sold.
Based on aggregated 13F filings for Q1 2026.