Vault-13

GLOBAL X FDS COPX

GLOBAL X COPPER · ETP · CUSIP 37954Y830

300 institutional holders +73 vs Q3 2025
32,761,61832.8m shares reported held*
$2.4bnreported value*
87 new 98 added 51 reduced 21 sold out net bought ≈ $162.7m (+2.3m 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 ($1.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $72.09. Options: 8 managers hold calls ($52.9m notional), 9 hold puts ($39.7m).

Trends to Q4 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: 227Q4 25: 300300Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025300

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 87 bought or addedQ1 24: 68 cut or sold outQ2 24: 140 bought or addedQ2 24: 56 cut or sold outQ2 24Q3 24: 93 bought or addedQ3 24: 101 cut or sold outQ4 24: 89 bought or addedQ4 24: 96 cut or sold outQ4 24Q1 25: 78 bought or addedQ1 25: 91 cut or sold outQ2 25: 99 bought or addedQ2 25: 84 cut or sold outQ2 25Q3 25: 119 bought or addedQ3 25: 89 cut or sold outQ4 25: 185 bought or addedQ4 25: 72 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20248768
Q2 202414056
Q3 202493101
Q4 20248996
Q1 20257891
Q2 20259984
Q3 202511989
Q4 202518572

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ1 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 0.16Q4 25 calls: $52.9mQ4 25 puts: $39.7mQ4 25P/C 0.75
Numbers
QuarterCallsPutsP/C
Q1 2025$58.7m$12.9m0.22
Q2 2025$22.4m$10.7m0.48
Q3 2025$99.9m$16.2m0.16
Q4 2025$52.9m$39.7m0.75

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,469,804+1.5m
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Added +948,968+949.0k
Harel Insurance Investments & Financial Services Ltd. New +770,000+770.0k
PointState Capital LP New +752,364+752.4k
Kirkoswald Asset Management LLC New +710,000+710.0k
FIL Ltd Added +659,497+659.5k
Newbrook Capital Advisors LP New +543,229+543.2k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +345,000+345.0k
Federation des caisses Desjardins du Quebec Added +241,915+241.9k
LPL Financial LLC Added +237,695+237.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -3,851,658-3.9m
BANK OF NOVA SCOTIA Sold out -1,554,039-1.6m
Wealth High Governance Capital Ltda Sold out -540,001-540.0k
BANK OF AMERICA CORP /DE/ Reduced -488,174-488.2k
Merewether Investment Management, LP Sold out -379,500-379.5k
BW Gestao de Investimentos Ltda. Sold out -359,999-360.0k
ROYAL BANK OF CANADA Reduced -162,349-162.3k
MARSHALL WACE, LLP Sold out -130,800-130.8k
ALLIANCEBERNSTEIN L.P. Sold out -100,000-100.0k
SG Americas Securities, LLC Reduced -76,889-76.9k

Biggest calls

CITADEL ADVISORS LLC Added $22.0m306.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $17.2m240.1k shares
JANE STREET GROUP, LLC Added $4.7m65.7k shares
CAPITAL FUND MANAGEMENT S.A. Added $3.9m54.5k shares
Point72 Asset Management, L.P. New $2.3m32.2k shares
GOLDMAN SACHS GROUP INC Unchanged $2.1m29.0k shares
UBS Group AG Added $605.0k8.4k shares
Belvedere Trading LLC New $7.2k100 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $16.3m226.8k shares
CITADEL ADVISORS LLC Added $12.3m170.7k shares
K2 PRINCIPAL FUND, L.P. New $3.6m50.0k shares
Belvedere Trading LLC New $3.5m48.3k shares
Point72 Asset Management, L.P. New $2.5m34.6k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $1.0m14.3k shares
JANE STREET GROUP, LLC Reduced $373.3k5.2k shares
Ursa Fund Management, LLC New $172.3k2.4k shares
FNY Investment Advisers, LLC Added $35.0k501 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 5,384,4565.4m $386.6m $386.6m 0.03% Reduced -3.9m -3,851,658
2 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.54% of their portfolio CAUSEWAY BAY, K3 4,941,0554.9m $358.2m $358.2m 0.54% Added +949.0k +948,968
3 PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio BALTIMORE, MD 3,777,9133.8m $271.2m $271.2m 0.03% Added +148.9k +148,930
4 FIL Ltd 0.09% of their portfolio HAMILTON, D0 1,583,1701.6m $114.5m $114.5m 0.09% Added +659.5k +659,497
5 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.15% of their portfolio BALA CYNWYD, PA 1,475,5891.5m $105.9m $105.9m 0.15% Added +1.5m +1,469,804
6 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,312,1491.3m $94.2m $94.2m 0.01% Unchanged
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,113,5731.1m $79.9m $79.9m 0.00% Added +68.4k +68,362
8 Harel Insurance Investments & Financial Services Ltd. 0.49% of their portfolio Ramat Gan, L3 770,000770.0k $56.2m $56.2m 0.49% New
9 PointState Capital LP 0.92% of their portfolio New York, NY 752,364752.4k $54.0m $54.0m 0.92% New
10 Kirkoswald Asset Management LLC 88.08% of their portfolio NEW YORK, NY 710,000710.0k $51.0m $51.0m 88.08% New
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 600,447600.4k $43.1m $43.1m 0.00% Reduced -488.2k -488,174
12 Newbrook Capital Advisors LP 4.89% of their portfolio NEW YORK, NY 543,229543.2k $39.0m $39.0m 4.89% New
13 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 466,543466.5k $33.5m $33.5m 0.01% Added +237.7k +237,695
14 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 412,753412.8k $29.6m $29.6m 0.01% Added +106.3k +106,304
15 Federation des caisses Desjardins du Quebec 0.11% of their portfolio LEVIS, A8 399,217399.2k $28.7m $28.7m 0.11% Added +241.9k +241,915
16 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 365,418365.4k $26.3m $26.3m 0.01% Added +121.2k +121,229
17 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio TORONTO, A6 345,000345.0k $24.8m $24.8m 0.04% New
18 Fielder Capital Group LLC 4.83% of their portfolio NASHVILLE, TN 315,871315.9k $22.7m $22.7m 4.83% Reduced -32.5k -32,456
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 307,459307.5k $22.1m $22.1m 0.00% Reduced -64.4k -64,410
20 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 229,007229.0k $16.4m $16.4m 0.01% Added +200.3k +200,291
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 228,783228.8k $16.4m $16.4m 0.00% Reduced -37.9k -37,947
22 OLD MISSION CAPITAL LLC 0.59% of their portfolio CHICAGO, IL 213,276213.3k $15.3m $15.3m 0.59% Added +160.9k +160,875
23 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 200,774200.8k $14.4m $14.4m 0.01% Added +145.7k +145,671
24 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 191,158191.2k $13.7m $13.7m 0.02% Added +2.1k +2,053
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 176,916176.9k $12.7m $12.7m 0.00% Reduced -162.3k -162,349
26 Legend Financial Advisors, Inc. 7.11% of their portfolio PITTSBURGH, PA 163,624163.6k $11.7m $11.7m 7.11% Reduced -34.6k -34,591
27 FWL INVESTMENT MANAGEMENT, LLC 2.71% of their portfolio Dallas, TX 156,889156.9k $11.3m $11.3m 2.71% Added +82.1k +82,104
28 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 154,783154.8k $11.1m $11.1m 0.01% Reduced -7.7k -7,711
29 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 150,075150.1k $10.8m $10.8m 0.02% New
30 Black Swift Group, LLC 1.71% of their portfolio BOULDER, CO 142,466142.5k $10.2m $10.2m 1.71% Added +24.7k +24,746
31 FNY Investment Advisers, LLC 2.74% of their portfolio NEW YORK, NY 134,300134.3k $9.6m $9.6m 2.74% New
32 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 129,154129.2k $9.3m $9.3m 0.01% Added +31.2k +31,214
33 Guardian Partners Inc. 0.74% of their portfolio TORONTO, Z4 129,100129.1k $9.3m $9.3m 0.74% Reduced -16.3k -16,304
34 Polymer Capital Management (HK) LTD 1.44% of their portfolio HONG KONG, K3 128,459128.5k $9.2m $9.2m 1.44% Added +98.4k +98,359
35 Sollinda Capital Management LLC 2.32% of their portfolio HICKORY, NC 126,727126.7k $9.1m $9.1m 2.32% New
36 Trivium Point Advisory, LLC 0.91% of their portfolio WILTON, CT 126,087126.1k $9.1m $9.1m 0.91% Added +53.6k +53,593
37 RED CEDAR INVESTMENT MANAGEMENT, LLC 0.97% of their portfolio GRAND RAPIDS, MI 124,477124.5k $8.9m $8.9m 0.97% New
38 Amitell Capital Pte Ltd 9.97% of their portfolio SINGAPORE, U0 124,165124.2k $8.9m $8.9m 9.97% New
39 PCG Wealth Advisors, LLC 2.20% of their portfolio OVERLAND PARK, KS 108,278108.3k $7.8m $7.8m 2.20% Added +41.9k +41,947
40 LMR Partners LLP 0.07% of their portfolio LONDON, X0 107,895107.9k $7.7m $7.7m 0.07% New
41 Cercano Management LLC 0.29% of their portfolio BELLEVUE, WA 107,493107.5k $7.7m $7.7m 0.29% New
42 Kingsview Wealth Management, LLC 0.11% of their portfolio GRANTS PASS, OR 102,643102.6k $7.4m $7.4m 0.11% Reduced -13.8k -13,799
43 Trek Financial, LLC 0.42% of their portfolio Scottsdale, AZ 99,78199.8k $7.2m $7.2m 0.42% Added +9.4k +9,370
44 GROUP ONE TRADING LLC 0.21% of their portfolio CHICAGO, IL 97,12297.1k $7.0m $7.0m 0.21% Added +90.8k +90,796
45 BECK CAPITAL MANAGEMENT, LLC 1.65% of their portfolio AUSTIN, TX 96,61996.6k $6.9m $6.9m 1.65% Added +62.6k +62,603
46 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 88,37588.4k $6.3m $6.3m 0.03% Added +5.4k +5,391
47 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 79,79279.8k $5.7m $5.7m 0.00% Added +21.1k +21,141
48 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 75,82975.8k $5.4m $5.4m 0.00% Added +28.4k +28,373
49 Greenwich Wealth Management LLC 0.23% of their portfolio GREENWICH, CT 72,86372.9k $5.2m $5.2m 0.23% New
50 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 72,63372.6k $5.2m $5.2m 0.00% Added +61.5k +61,549
51 Spire Wealth Management 0.16% of their portfolio MCLEAN, VA 67,36867.4k $4.8m $4.8m 0.16% New
52 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 66,39466.4k $4.8m $4.8m 0.01% Reduced -49.9k -49,939
53 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 66,21066.2k $4.8m $4.8m 0.00% Added +5.9k +5,904
54 J.W. COLE ADVISORS, INC. 0.04% of their portfolio TAMPA, FL 64,77764.8k $1.8m $1.8m 0.04% Added +12.2k +12,215
55 MAI Capital Management 0.03% of their portfolio INDEPENDENCE, OH 62,46362.5k $4.5m $4.5m 0.03% Added +54.1k +54,148
56 Brookwood Investment Group LLC 0.53% of their portfolio PHOENIX, AZ 61,30561.3k $4.4m $4.4m 0.53% Added +1.6k +1,594
57 TD Waterhouse Canada Inc. 0.03% of their portfolio TORONTO, A6 60,97661.0k $4.4m $4.4m 0.03% Added +9.9k +9,949
58 K.J. Harrison & Partners Inc 0.57% of their portfolio TORONTO, A6 60,02260.0k $4.3m $4.3m 0.57% New
59 L & S Advisors Inc 0.39% of their portfolio Los Angeles, CA 58,77258.8k $4.2m $4.2m 0.39% New
60 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 52,21652.2k $3.7m $3.7m 0.02% Added +12.5k +12,456
61 Valence8 US LP 1.07% of their portfolio Cambridge, MA 50,26650.3k $3.6m $3.6m 1.07% Unchanged
62 Empowered Funds, LLC 0.06% of their portfolio NEWTOWN SQUARE, PA 48,28248.3k $3.5m $3.5m 0.06% New
63 Belvedere Trading LLC 0.62% of their portfolio CHICAGO, IL 46,55046.5k $3.3m $3.3m 0.62% New
64 First International Bank of Israel Ltd. 1.58% of their portfolio TEL AVIV, L3 46,10046.1k $3.3m $3.3m 1.58% Reduced -13.0k -13,000
65 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 45,23545.2k $3.2m $3.2m 0.00% Added +37.5k +37,550
66 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 42,39442.4k $3.0m $3.0m 0.00% Added +9.1k +9,082
67 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 42,12942.1k $3.3m $3.3m 0.00% Reduced -1.1k -1,144
68 Ipsen Advisor Group LLC 2.11% of their portfolio LITTLE ROCK, AR 41,26741.3k $3.0m $3.0m 2.11% Reduced -793 -793
69 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 38,48938.5k $2.8m $2.8m 0.00% Added +308 +308
70 Symphony Financial, Ltd. Co. 0.37% of their portfolio HOUSTON, TX 38,48538.5k $2.8m $2.8m 0.37% Added +549 +549
71 HITE Hedge Asset Management LLC 0.18% of their portfolio BRAINTREE, MA 38,23138.2k $2.7m $2.7m 0.18% New
72 Cypress Capital Group 0.31% of their portfolio Palm Beach, FL 37,96038.0k $2.7m $2.7m 0.31% New
73 Summit Financial, LLC 0.04% of their portfolio PARSIPPANY, NJ 37,62237.6k $2.8m $2.8m 0.04% Unchanged
74 NORTHEAST PLANNING ASSOCIATES, INC. / NH / 1.89% of their portfolio BEDFORD, NH 37,24537.2k $2.7m $2.7m 1.89% New
75 AXXCESS WEALTH MANAGEMENT, LLC 0.05% of their portfolio CARLSBAD, CA 36,29436.3k $2.6m $2.6m 0.05% New
76 Clear Creek Financial Management, LLC 0.20% of their portfolio SILVERDALE, WA 34,87134.9k $2.5m $2.5m 0.20% New
77 Capital Wealth Planning, LLC 0.02% of their portfolio NAPLES, FL 34,50734.5k $2.5m $2.5m 0.02% New
78 BAROMETER CAPITAL MANAGEMENT INC. 2.46% of their portfolio TORONTO, A6 33,19933.2k $10.2m $10.2m 2.46% Added +27.3k +27,339
79 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 33,07633.1k $2.4m $2.4m 0.00% Added +57 +57
80 SPROTT INC. 0.08% of their portfolio TORONTO, A6 32,36532.4k $2.3m $2.3m 0.08% Added +8.9k +8,930
81 Continuum Advisory, LLC 0.23% of their portfolio EAGLE, ID 31,75631.8k $2.3m $2.3m 0.23% Added +13.7k +13,684
82 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 31,38831.4k $2.3m $2.3m 0.01% Reduced -1.8k -1,752
83 Centiva Capital, LP 0.13% of their portfolio New York, NY 30,18030.2k $2.2m $2.2m 0.13% New
84 Graham Capital Management, L.P. 0.07% of their portfolio ROWAYTON, CT 30,00030.0k $2.2m $2.2m 0.07% New
85 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 29,73029.7k $2.1m $2.1m 0.01% Added +5.4k +5,363
86 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 28,96729.0k $2.1m $2.1m 0.01% Added +6.3k +6,298
87 Intesa Sanpaolo Wealth Management 0.42% of their portfolio LUXEMBOURG, N4 28,20028.2k $2.0m $2.0m 0.42% First filing
88 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 27,47227.5k $2.0m $2.0m 0.00% Added +6.8k +6,755
89 Dynamic Wealth Strategies, LLC 1.16% of their portfolio GRANITE BAY, CA 27,13327.1k $1.9m $1.9m 1.16% Reduced -4.9k -4,922
90 Balefire, LLC 0.36% of their portfolio DALLAS, TX 25,77125.8k $1.9m $1.9m 0.36% Added +14.3k +14,335
91 Birch Hill Investment Advisors LLC 0.07% of their portfolio Boston, MA 24,52024.5k $1.8m $1.8m 0.07% Unchanged
92 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 24,25824.3k $1.7m $1.7m 0.00% New
93 Tradewinds, LLC. 0.41% of their portfolio RALEIGH, NC 24,10524.1k $1.7m $1.7m 0.41% Added +19.2k +19,188
94 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 24,07724.1k $1.7m $1.7m 0.01% Added +14.4k +14,362
95 180 WEALTH ADVISORS, LLC 0.20% of their portfolio FEDERAL WAY, WA 24,05724.1k $1.7m $1.7m 0.20% Added +2.5k +2,462
96 SUMMIT SECURITIES GROUP LLC 0.31% of their portfolio NEW YORK, NY 24,00024.0k $1.7m $1.7m 0.31% New
97 Rathbones Group PLC 0.00% of their portfolio Liverpool, X0 23,15423.2k $1.7m $1.7m 0.00% Added +10.4k +10,446
98 MOULTON WEALTH MANAGEMENT, INC 1.59% of their portfolio SPOKANE, WA 22,97723.0k $1.7m $1.7m 1.59% Added +3.5k +3,485
99 Tactive Advisors, LLC 0.48% of their portfolio Jacksonville, FL 22,61522.6k $1.6m $1.6m 0.48% Reduced -1.1k -1,057
100 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 22,58322.6k $1.6m $1.6m 0.00% Reduced -1.9k -1,890