Vault-13

GLOBAL X FDS COPX

GLOBAL X COPPER · ETP · CUSIP 37954Y830

227 institutional holders +26 vs Q2 2025
30,434,91230.4m shares reported held*
$1.8bnreported value*
55 new 64 added 63 reduced 26 sold out net bought ≈ $802.4m (+13.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $59.70. Options: 9 managers hold calls ($99.9m notional), 6 hold puts ($16.2m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 117Q4 22: 128Q1 23: 146Q2 23: 160Q3 23: 152Q4 23: 158Q1 24: 165Q2 24: 216Q3 24: 197Q4 24: 196Q1 25: 189Q2 25: 201Q3 25: 227227Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022117
Q4 2022128
Q1 2023146
Q2 2023160
Q3 2023152
Q4 2023158
Q1 2024165
Q2 2024216
Q3 2024197
Q4 2024196
Q1 2025189
Q2 2025201
Q3 2025227

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 23: 71 bought or addedQ4 23: 73 cut or sold outQ1 24: 87 bought or addedQ1 24: 68 cut or sold outQ1 24Q2 24: 140 bought or addedQ2 24: 56 cut or sold outQ3 24: 93 bought or addedQ3 24: 101 cut or sold outQ3 24Q4 24: 89 bought or addedQ4 24: 96 cut or sold outQ1 25: 78 bought or addedQ1 25: 91 cut or sold outQ1 25Q2 25: 99 bought or addedQ2 25: 84 cut or sold outQ3 25: 119 bought or addedQ3 25: 89 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20237173
Q1 20248768
Q2 202414056
Q3 202493101
Q4 20248996
Q1 20257891
Q2 20259984
Q3 202511989

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$25m$50m$75m$100mQ4 24 calls: $12.0mQ4 24 puts: $10.1mQ4 24P/C 0.85Q1 25 calls: $58.7mQ1 25 puts: $12.9mQ1 25P/C 0.22Q2 25 calls: $22.4mQ2 25 puts: $10.7mQ2 25P/C 0.48Q3 25 calls: $99.9mQ3 25 puts: $16.2mQ3 25P/C 0.16
Numbers
QuarterCallsPutsP/C
Q4 2024$12.0m$10.1m0.85
Q1 2025$58.7m$12.9m0.22
Q2 2025$22.4m$10.7m0.48
Q3 2025$99.9m$16.2m0.16

Biggest buyers

JPMORGAN CHASE & CO Added +8,476,231+8.5m
BANK OF NOVA SCOTIA New +1,554,039+1.6m
FIL Ltd Added +813,613+813.6k
BANK OF AMERICA CORP /DE/ Added +594,279+594.3k
Wealth High Governance Capital Ltda New +540,001+540.0k
Merewether Investment Management, LP New +379,500+379.5k
BW Gestao de Investimentos Ltda. New +359,999+360.0k
MORGAN STANLEY Added +286,597+286.6k
GOLDMAN SACHS GROUP INC Added +250,038+250.0k
Federation des caisses Desjardins du Quebec Added +156,647+156.6k

Biggest sellers

ROYAL BANK OF CANADA Reduced -271,625-271.6k
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduced -201,251-201.3k
Rockefeller Capital Management L.P. Reduced -179,147-179.1k
Clark Capital Management Group, Inc. Sold out -100,260-100.3k
LPL Financial LLC Reduced -98,898-98.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -47,415-47.4k
Qube Research & Technologies Ltd Sold out -41,357-41.4k
D. E. Shaw & Co., Inc. Sold out -38,166-38.2k
BNP PARIBAS FINANCIAL MARKETS Reduced -37,387-37.4k
Capula Management Ltd Reduced -35,072-35.1k

Biggest calls

PEAK6 LLC New $31.7m530.2k shares
BARCLAYS PLC New $24.5m410.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $24.3m406.4k shares
CITADEL ADVISORS LLC Added $13.2m220.2k shares
JANE STREET GROUP, LLC Added $2.6m42.9k shares
GOLDMAN SACHS GROUP INC New $1.7m29.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $1.2m19.8k shares
Cubist Systematic Strategies, LLC New $460.5k7.7k shares
UBS Group AG Unchanged $280.4k4.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.7m111.9k shares
CITADEL ADVISORS LLC Reduced $5.6m94.1k shares
JANE STREET GROUP, LLC Added $2.3m39.2k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $1.3m22.4k shares
Cubist Systematic Strategies, LLC New $233.3k3.9k shares
FNY Investment Advisers, LLC New $8.0k150 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 9,236,1149.2m $552.4m $552.4m 0.02% Added +8.5m +8,476,231
2 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.38% of their portfolio CAUSEWAY BAY, K3 3,992,0874.0m $236.5m $236.5m 0.38% Reduced -201.3k -201,251
3 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 3,628,9833.6m $217.1m $217.1m 0.02% Unchanged
4 BANK OF NOVA SCOTIA 0.16% of their portfolio TORONTO, A6 1,554,0391.6m $92.9m $92.9m 0.16% New
5 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,312,1491.3m $78.5m $78.5m 0.01% Unchanged
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,088,6211.1m $65.1m $65.1m 0.00% Added +594.3k +594,279
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,045,2111.0m $62.5m $62.5m 0.00% Added +286.6k +286,597
8 FIL Ltd 0.04% of their portfolio HAMILTON, D0 923,673923.7k $55.2m $55.2m 0.04% Added +813.6k +813,613
9 Wealth High Governance Capital Ltda 9.28% of their portfolio SAO PAULO, D5 540,001540.0k $32.3m $32.3m 9.28% New
10 Merewether Investment Management, LP 0.54% of their portfolio DALLAS, TX 379,500379.5k $22.7m $22.7m 0.54% New
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 371,869371.9k $22.2m $22.2m 0.00% Added +65.0k +64,958
12 BW Gestao de Investimentos Ltda. 1.63% of their portfolio SAO PAULO, D5 359,999360.0k $21.5m $21.5m 1.63% New
13 Fielder Capital Group LLC 4.74% of their portfolio NASHVILLE, TN 348,327348.3k $20.8m $20.8m 4.74% Reduced -19.2k -19,184
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 339,265339.3k $20.3m $20.3m 0.00% Reduced -271.6k -271,625
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 306,449306.4k $18.3m $18.3m 0.00% Added +78.7k +78,713
16 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 266,730266.7k $16.0m $16.0m 0.00% Added +250.0k +250,038
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 244,189244.2k $14.6m $14.6m 0.00% Reduced -11.8k -11,771
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 228,848228.8k $13.7m $13.7m 0.00% Reduced -98.9k -98,898
19 Legend Financial Advisors, Inc. 7.27% of their portfolio PITTSBURGH, PA 198,215198.2k $11.9m $11.9m 7.27% Reduced -8.8k -8,768
20 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 189,105189.1k $11.3m $11.3m 0.02% Reduced -179.1k -179,147
21 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 162,494162.5k $9.7m $9.7m 0.01% Reduced -8.6k -8,594
22 Federation des caisses Desjardins du Quebec 0.04% of their portfolio LEVIS, A8 157,302157.3k $9.4m $9.4m 0.04% Added +156.6k +156,647
23 Guardian Partners Inc. 0.74% of their portfolio TORONTO, Z4 145,404145.4k $8.8m $8.8m 0.74% Reduced -8.6k -8,600
24 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 130,800130.8k $7.8m $7.8m 0.01% New
25 Black Swift Group, LLC 1.24% of their portfolio BOULDER, CO 117,720117.7k $7.0m $7.0m 1.24% Added +65.2k +65,245
26 Kingsview Wealth Management, LLC 0.11% of their portfolio GRANTS PASS, OR 116,442116.4k $7.0m $7.0m 0.11% New
27 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 116,333116.3k $6.0m $6.0m 0.01% Added +70.2k +70,244
28 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 100,000100.0k $6.0m $6.0m 0.00% New
29 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 97,94097.9k $5.9m $5.9m 0.01% Reduced -2.6k -2,622
30 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 90,88590.9k $5.4m $5.4m 0.02% Added +76.3k +76,323
31 Trek Financial, LLC 0.32% of their portfolio Scottsdale, AZ 90,41190.4k $5.4m $5.4m 0.32% New
32 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 82,98483.0k $5.0m $5.0m 0.03% Reduced -6.8k -6,832
33 FWL INVESTMENT MANAGEMENT, LLC 1.17% of their portfolio Dallas, TX 74,78574.8k $4.5m $4.5m 1.17% Added +71.7k +71,689
34 Trivium Point Advisory, LLC 0.44% of their portfolio WILTON, CT 72,49472.5k $4.3m $4.3m 0.44% Added +47.8k +47,804
35 PCG Wealth Advisors, LLC 1.16% of their portfolio OVERLAND PARK, KS 66,33166.3k $4.0m $4.0m 1.16% Reduced -2.7k -2,734
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 60,30660.3k $3.6m $3.6m 0.00% Added +2.9k +2,899
37 Brookwood Investment Group LLC 0.46% of their portfolio PHOENIX, AZ 59,71159.7k $3.6m $3.6m 0.46% Added +34.6k +34,580
38 First International Bank of Israel Ltd. 2.01% of their portfolio TEL AVIV, L3 59,10059.1k $3.5m $3.5m 2.01% Reduced -20.2k -20,200
39 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 58,65158.7k $3.5m $3.5m 0.00% Reduced -13.0k -13,005
40 Lowe Wealth Advisors, LLC 1.25% of their portfolio COLUMBIA, MD 57,07957.1k $3.4m $3.4m 1.25% Reduced -327 -327
41 CAPITAL FUND MANAGEMENT S.A. 0.03% of their portfolio PARIS, I0 55,23155.2k $3.3m $3.3m 0.03% Reduced -19.0k -18,993
42 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 55,10355.1k $3.3m $3.3m 0.00% Added +37.4k +37,361
43 J.W. COLE ADVISORS, INC. 0.06% of their portfolio TAMPA, FL 52,56252.6k $3.1m $3.1m 0.06% Added +43.2k +43,247
44 OLD MISSION CAPITAL LLC 0.11% of their portfolio CHICAGO, IL 52,40152.4k $3.1m $3.1m 0.11% New
45 TD Waterhouse Canada Inc. 0.02% of their portfolio TORONTO, A6 51,02751.0k $3.1m $3.1m 0.02% Added +50.8k +50,826
46 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 50,70650.7k $3.0m $3.0m 0.01% New
47 Valence8 US LP 1.03% of their portfolio Cambridge, MA 50,26650.3k $3.0m $3.0m 1.03% Unchanged
48 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 47,45647.5k $2.8m $2.8m 0.00% Reduced -4.5k -4,450
49 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 43,27343.3k $2.7m $2.7m 0.00% Reduced -3.3k -3,344
50 Ipsen Advisor Group LLC 1.81% of their portfolio LITTLE ROCK, AR 42,06042.1k $2.5m $2.5m 1.81% Added +444 +444
51 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 39,76039.8k $2.4m $2.4m 0.01% Reduced -976 -976
52 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 38,18138.2k $2.3m $2.3m 0.00% Reduced -85 -85
53 Symphony Financial, Ltd. Co. 0.27% of their portfolio HOUSTON, TX 37,93637.9k $2.2m $2.2m 0.27% Reduced -1.2k -1,242
54 Summit Financial, LLC 0.03% of their portfolio PARSIPPANY, NJ 37,62237.6k $2.3m $2.3m 0.03% Unchanged
55 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 36,43436.4k $2.2m $2.2m 0.00% Reduced -37.4k -37,387
56 Quaker Wealth Management, LLC 0.70% of their portfolio MOORESTOWN, NJ 36,08436.1k $2.2m $2.2m 0.70% Reduced -5.6k -5,580
57 BECK CAPITAL MANAGEMENT, LLC 0.47% of their portfolio AUSTIN, TX 34,01634.0k $2.0m $2.0m 0.47% New
58 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 33,31233.3k $2.0m $2.0m 0.00% Added +9.2k +9,171
59 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 33,14033.1k $2.0m $2.0m 0.01% Added +21.9k +21,874
60 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 33,01933.0k $2.0m $2.0m 0.00% Added +4 +4
61 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 32,46732.5k $1.9m $1.9m 0.03% Added +25.6k +25,635
62 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 32,10032.1k $1.9m $1.9m 0.00% New
63 Dynamic Wealth Strategies, LLC 1.28% of their portfolio GRANITE BAY, CA 32,05532.1k $1.9m $1.9m 1.28% Reduced -6.9k -6,886
64 Polymer Capital Management (HK) LTD 0.25% of their portfolio HONG KONG, K3 30,10030.1k $1.8m $1.8m 0.25% Reduced -32.2k -32,200
65 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 28,71628.7k $1.7m $1.7m 0.00% Added +12.5k +12,473
66 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 27,36027.4k $1.6m $1.6m 0.01% Reduced -4.3k -4,340
67 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 27,08327.1k $1.6m $1.6m 0.00% Added +2.7k +2,688
68 Bright Futures Wealth Management, LLC. 1.19% of their portfolio WEBSTER, NY 14580, NY 25,56825.6k $1.5m $1.5m 1.19% First filing
69 Birch Hill Investment Advisors LLC 0.06% of their portfolio Boston, MA 24,52024.5k $1.5m $1.5m 0.06% Reduced -4.5k -4,500
70 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 24,47324.5k $1.5m $1.5m 0.00% Reduced -47.4k -47,415
71 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 24,36724.4k $1.5m $1.5m 0.00% Added +2.0k +2,026
72 Tactive Advisors, LLC 0.40% of their portfolio Jacksonville, FL 23,67223.7k $1.4m $1.4m 0.40% Reduced -1.2k -1,195
73 SPROTT INC. 0.05% of their portfolio TORONTO, A6 23,43523.4k $1.4m $1.4m 0.05% Added +11.0k +11,000
74 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 22,66922.7k $1.4m $1.4m 0.01% Added +3.6k +3,608
75 180 WEALTH ADVISORS, LLC 0.16% of their portfolio FEDERAL WAY, WA 21,59521.6k $1.3m $1.3m 0.16% Added +1.8k +1,806
76 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 20,71720.7k $1.2m $1.2m 0.00% Added +5.1k +5,123
77 Pettinga Financial Advisors LLC 0.24% of their portfolio EVANSVILLE, IN 20,53120.5k $1.2m $1.2m 0.24% Reduced -5.8k -5,819
78 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 20,28320.3k $1.2m $1.2m 0.00% Reduced -3.9k -3,879
79 MOULTON WEALTH MANAGEMENT, INC 0.85% of their portfolio SPOKANE, WA 19,49219.5k $1.2m $1.2m 0.85% New
80 Continuum Advisory, LLC 0.11% of their portfolio EAGLE, ID 18,07218.1k $1.1m $1.1m 0.11% New
81 GTS SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 18,01218.0k $1.1m $1.1m 0.04% New
82 Caption Management, LLC 0.06% of their portfolio OKLAHOMA CITY, OK 17,55017.6k $1.0m $1.0m 0.06% New
83 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 17,19517.2k $1.0m $1.0m 0.00% Added +2.2k +2,236
84 WT Wealth Management 0.29% of their portfolio SCOTTSDALE, AZ 17,11617.1k $1.0m $1.0m 0.29% Added +74 +74
85 Smart Portfolios, LLC 0.94% of their portfolio LAKE FOREST PARK, WA 16,37316.4k $979.3k $979.3k 0.94% Reduced -204 -204
86 U.S. Capital Wealth Advisors, LLC 0.03% of their portfolio AUSTIN, TX 15,86515.9k $948.9k $948.9k 0.03% Reduced -125 -125
87 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 15,81415.8k $945.8k $945.8k 0.00% Unchanged
88 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 14,78214.8k $884.1k $884.1k 0.00% Reduced -7.5k -7,489
89 DENALI ADVISORS LLC 0.09% of their portfolio SAN DIEGO, CA 13,00013.0k $777.5k $777.5k 0.09% Reduced -3.0k -3,031
90 Rathbones Group PLC 0.00% of their portfolio Liverpool, X0 12,70812.7k $760.1k $760.1k 0.00% Reduced -5.8k -5,786
91 WEALTHSPAN PARTNERS, LLC 0.28% of their portfolio DAVENPORT, IA 12,34112.3k $738.1k $738.1k 0.28% Reduced -293 -293
92 Balefire, LLC 0.14% of their portfolio DALLAS, TX 11,43611.4k $684.0k $684.0k 0.14% New
93 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 11,08411.1k $662.9k $662.9k 0.00% Reduced -90 -90
94 Capula Management Ltd 0.00% of their portfolio Grand Cayman, E9 10,90210.9k $652.0k $652.0k 0.00% Reduced -35.1k -35,072
95 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 10,55110.6k $631.1k $631.1k 0.00% Reduced -4.0k -4,027
96 Pekin Hardy Strauss, Inc. 0.06% of their portfolio CHICAGO, IL 9,8659.9k $590.0k $590.0k 0.06% Added +20 +20
97 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 9,7159.7k $581.1k $581.1k 0.00% New
98 Garde Capital, Inc. 0.03% of their portfolio SEATTLE, WA 9,4899.5k $567.5k $567.5k 0.03% Unchanged
99 Advisory Alpha, LLC 0.02% of their portfolio HOLLAND, MI 9,4759.5k $575.9k $575.9k 0.02% Unchanged
100 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 9,4169.4k $447.5k $447.5k 0.00% Added +4.2k +4,250