Vault-13

GLOBAL X FDS COPX

GLOBAL X COPPER · ETP · CUSIP 37954Y830

428 institutional holders +128 vs Q4 2025
36,367,79536.4m shares reported held*
$2.7bnreported value*
183 new 136 added 72 reduced 56 sold out net bought ≈ $275.8m (+3.6m 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 ($1.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.02. Options: 14 managers hold calls ($359.9m notional), 15 hold puts ($335.4m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 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: 300Q1 26: 428428Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026428

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q4 25: 185 bought or addedQ4 25: 72 cut or sold outQ1 26: 319 bought or addedQ1 26: 128 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202414056
Q3 202493101
Q4 20248996
Q1 20257891
Q2 20259984
Q3 202511989
Q4 202518572
Q1 2026319128

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ2 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 0.75Q1 26 calls: $359.9mQ1 26 puts: $335.4mQ1 26P/C 0.93
Numbers
QuarterCallsPutsP/C
Q2 2025$22.4m$10.7m0.48
Q3 2025$99.9m$16.2m0.16
Q4 2025$52.9m$39.7m0.75
Q1 2026$359.9m$335.4m0.93

Biggest buyers

MORGAN STANLEY Added +1,776,422+1.8m
Harel Insurance Investments & Financial Services Ltd. Added +1,520,355+1.5m
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Added +1,489,107+1.5m
Nearwater Capital Markets, Ltd New +934,400+934.4k
OMERS ADMINISTRATION Corp New +912,303+912.3k
Phoenix Financial Ltd. New +840,486+840.5k
D. E. Shaw & Co., Inc. New +659,684+659.7k
BANK OF AMERICA CORP /DE/ Added +583,597+583.6k
UBS Group AG Added +513,878+513.9k
BW Gestao de Investimentos Ltda. New +410,050+410.1k

Biggest sellers

JPMORGAN CHASE & CO Reduced -2,980,997-3.0m
Invesco Ltd. Sold out -1,312,149-1.3m
FIL Ltd Reduced -1,043,309-1.0m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -1,022,008-1.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -909,136-909.1k
Kirkoswald Asset Management LLC Sold out -710,000-710.0k
PointState Capital LP Reduced -679,386-679.4k
Newbrook Capital Advisors LP Sold out -543,229-543.2k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -311,080-311.1k
OLD MISSION CAPITAL LLC Sold out -213,276-213.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $167.2m2.2m shares
CITADEL ADVISORS LLC Added $85.1m1.1m shares
JANE STREET GROUP, LLC Added $32.7m428.9k shares
GOLDMAN SACHS GROUP INC Added $17.3m227.1k shares
Balyasny Asset Management L.P. New $17.3m226.5k shares
BARCLAYS PLC New $16.2m211.8k shares
III Capital Management New $6.2m82.0k shares
Point72 Asset Management, L.P. Added $5.5m72.3k shares
UBS Group AG Added $4.0m52.2k shares
NATIXIS New $3.8m50.0k shares

Biggest puts

JANE STREET GROUP, LLC Added $129.7m1.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $118.7m1.6m shares
CITADEL ADVISORS LLC Added $43.7m572.5k shares
K2 PRINCIPAL FUND, L.P. Added $14.8m194.0k shares
CITIGROUP INC New $9.5m125.0k shares
ROYAL BANK OF CANADA New $3.9m50.5k shares
BANK OF MONTREAL /CAN/ New $3.1m40.4k shares
Pentwater Capital Management LP New $2.9m37.5k shares
CREDIT INDUSTRIEL ET COMMERCIAL New $2.7m35.0k shares
UBS Group AG New $2.3m30.0k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.62% of their portfolio CAUSEWAY BAY, K3 6,430,1626.4m $455.8m $455.8m 0.62% Added +1.5m +1,489,107
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,889,9952.9m $220.7m $220.7m 0.01% Added +1.8m +1,776,422
3 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 2,755,9052.8m $210.4m $210.4m 0.02% Reduced -1.0m -1,022,008
4 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,403,4592.4m $170.0m $170.0m 0.01% Reduced -3.0m -2,980,997
5 Harel Insurance Investments & Financial Services Ltd. 1.19% of their portfolio Ramat Gan, L3 2,290,3552.3m $174.9m $174.9m 1.19% Added +1.5m +1,520,355
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,184,0441.2m $90.4m $90.4m 0.01% Added +583.6k +583,597
7 Nearwater Capital Markets, Ltd 1.68% of their portfolio NEW YORK, NY 934,400934.4k $71.3m $71.3m 1.68% New
8 OMERS ADMINISTRATION Corp 0.45% of their portfolio TORONTO, A6 912,303912.3k $69.7m $69.7m 0.45% New
9 Phoenix Financial Ltd. 0.61% of their portfolio Givatayim, L3 840,486840.5k $64.2m $64.2m 0.61% New
10 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 839,269839.3k $64.1m $64.1m 0.02% Added +372.7k +372,726
11 UBS Group AG 0.01% of their portfolio ZURICH, V8 821,337821.3k $62.7m $62.7m 0.01% Added +513.9k +513,878
12 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 659,684659.7k $50.4m $50.4m 0.04% New
13 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 653,638653.6k $49.9m $49.9m 0.01% Added +240.9k +240,885
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio BALA CYNWYD, PA 566,453566.5k $43.2m $43.2m 0.06% Reduced -909.1k -909,136
15 FIL Ltd 0.03% of their portfolio HAMILTON, D0 539,861539.9k $41.2m $41.2m 0.03% Reduced -1.0m -1,043,309
16 BW Gestao de Investimentos Ltda. 1.39% of their portfolio SAO PAULO, D5 410,050410.1k $31.3m $31.3m 1.39% New
17 Federation des caisses Desjardins du Quebec 0.10% of their portfolio LEVIS, A8 369,474369.5k $28.2m $28.2m 0.10% Reduced -29.7k -29,743
18 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 368,821368.8k $28.2m $28.2m 0.02% Added +364.7k +364,742
19 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 331,295331.3k $25.3m $25.3m 0.00% Added +154.4k +154,379
20 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 312,276312.3k $23.8m $23.8m 0.01% Reduced -53.1k -53,142
21 GROUP ONE TRADING LLC 0.77% of their portfolio CHICAGO, IL 306,186306.2k $23.4m $23.4m 0.77% Added +209.1k +209,064
22 J.Safra Asset Management Corp 1.23% of their portfolio NEW YORK, NY 298,129298.1k $22.8m $22.8m 1.23% Added +293.5k +293,507
23 Fielder Capital Group LLC 4.77% of their portfolio NASHVILLE, TN 286,898286.9k $21.9m $21.9m 4.77% Reduced -29.0k -28,973
24 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 273,078273.1k $20.8m $20.8m 0.02% New
25 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 256,375256.4k $19.6m $19.6m 0.01% Added +176.6k +176,583
26 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 245,829245.8k $18.8m $18.8m 0.02% Added +16.8k +16,822
27 Gemsstock Ltd. 1.94% of their portfolio London, X0 241,200241.2k $18.4m $18.4m 1.94% New
28 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 219,408219.4k $16.8m $16.8m 0.02% Added +90.3k +90,254
29 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 219,246219.2k $16.7m $16.7m 0.01% Added +153.0k +153,036
30 Black Swift Group, LLC 2.72% of their portfolio BOULDER, CO 203,384203.4k $15.5m $15.5m 2.72% Added +60.9k +60,918
31 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 197,841197.8k $15.1m $15.1m 0.02% New
32 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 195,770195.8k $14.9m $14.9m 0.01% Added +123.1k +123,137
33 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 184,925184.9k $14.1m $14.1m 0.03% Reduced -6.2k -6,233
34 FWL INVESTMENT MANAGEMENT, LLC 3.08% of their portfolio Dallas, TX 183,761183.8k $14.0m $14.0m 3.08% Added +26.9k +26,872
35 Proficio Capital Partners LLC 0.70% of their portfolio NEWTON, MA 170,687170.7k $13.1m $13.1m 0.70% Added +157.9k +157,900
36 SCOTIA CAPITAL INC. 0.05% of their portfolio TORONTO, A6 167,336167.3k $12.8m $12.8m 0.05% Added +135.9k +135,948
37 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 154,266154.3k $11.8m $11.8m 0.01% Reduced -517 -517
38 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 138,427138.4k $10.6m $10.6m 0.00% Reduced -90.4k -90,356
39 FNY Investment Advisers, LLC 4.00% of their portfolio NEW YORK, NY 119,446119.4k $9.1m $9.1m 4.00% Reduced -14.9k -14,854
40 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 113,520113.5k $8.7m $8.7m 0.02% Added +83.8k +83,790
41 Cercano Management LLC 0.35% of their portfolio BELLEVUE, WA 104,678104.7k $8.0m $8.0m 0.35% Reduced -2.8k -2,815
42 BECK CAPITAL MANAGEMENT, LLC 1.82% of their portfolio AUSTIN, TX 104,000104.0k $7.9m $7.9m 1.82% Added +7.4k +7,381
43 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 103,598103.6k $7.9m $7.9m 0.04% Added +15.2k +15,223
44 LMR Partners LLP 0.07% of their portfolio LONDON, X0 100,000100.0k $7.6m $7.6m 0.07% Reduced -7.9k -7,895
45 RED CEDAR INVESTMENT MANAGEMENT, LLC 0.78% of their portfolio GRAND RAPIDS, MI 98,67498.7k $7.5m $7.5m 0.78% Reduced -25.8k -25,803
46 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 92,37292.4k $7.1m $7.1m 0.00% Added +69.8k +69,789
47 Defiance ETFs, LLC 0.10% of their portfolio NEW YORK, NY 91,48991.5k $7.0m $7.0m 0.10% New
48 Brandywine Financial Group 5.80% of their portfolio THOMPSONS STATION, TN 89,48789.5k $6.8m $6.8m 5.80% New
49 Legend Financial Advisors, Inc. 4.33% of their portfolio PITTSBURGH, PA 87,92587.9k $6.7m $6.7m 4.33% Reduced -75.7k -75,699
50 MARCO INVESTMENT MANAGEMENT LLC 0.49% of their portfolio ATLANTA, GA 84,40084.4k $6.4m $6.4m 0.49% New
51 TD Waterhouse Canada Inc. 0.02% of their portfolio TORONTO, A6 83,30683.3k $6.5m $6.5m 0.02% Added +22.3k +22,330
52 FIDUCIARY FINANCIAL GROUP, LLC 0.77% of their portfolio SAN RAFAEL, CA 75,58775.6k $5.8m $5.8m 0.77% New
53 Centiva Capital, LP 0.27% of their portfolio New York, NY 75,43575.4k $5.8m $5.8m 0.27% Added +45.3k +45,255
54 SIMPLEX TRADING, LLC 0.18% of their portfolio CHICAGO, IL 74,50874.5k $5.7m $5.7m 0.18% New
55 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 73,84773.8k $5.6m $5.6m 0.01% Added +7.5k +7,453
56 PointState Capital LP 0.13% of their portfolio New York, NY 72,97873.0k $5.6m $5.6m 0.13% Reduced -679.4k -679,386
57 PCG Wealth Advisors, LLC 1.40% of their portfolio OVERLAND PARK, KS 72,47472.5k $5.5m $5.5m 1.40% Reduced -35.8k -35,804
58 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 72,12472.1k $5.5m $5.5m 0.03% Added +19.9k +19,908
59 Corecam Pte. Ltd. 2.36% of their portfolio SINGAPORE, U0 71,30071.3k $5.4m $5.4m 2.36% New
60 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 71,20471.2k $5.4m $5.4m 0.00% Reduced -4.6k -4,625
61 J.W. COLE ADVISORS, INC. 0.17% of their portfolio TAMPA, FL 65,93265.9k $5.0m $5.0m 0.17% Added +1.2k +1,155
62 K.J. Harrison & Partners Inc 0.82% of their portfolio TORONTO, A6 65,29765.3k $5.0m $5.0m 0.82% Added +5.3k +5,275
63 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 65,04465.0k $5.0m $5.0m 0.01% Added +22.6k +22,650
64 MAI Capital Management 0.03% of their portfolio INDEPENDENCE, OH 63,76563.8k $4.9m $4.9m 0.03% Added +1.3k +1,302
65 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 63,63463.6k $4.9m $4.9m 0.01% Added +18.4k +18,399
66 NATIXIS 0.02% of their portfolio PARIS, I0 62,15862.2k $4.7m $4.7m 0.02% New
67 Spire Wealth Management 0.16% of their portfolio MCLEAN, VA 60,38260.4k $4.6m $4.6m 0.16% Reduced -7.0k -6,986
68 PINEBRIDGE INVESTMENTS LLC 0.04% of their portfolio NEW YORK, NY 58,47858.5k $4.5m $4.5m 0.04% New
69 Y-Intercept (Hong Kong) Ltd 0.08% of their portfolio HONG KONG, K3 57,93357.9k $4.4m $4.4m 0.08% New
70 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 55,42955.4k $4.0m $4.0m 0.00% Added +28.0k +27,957
71 IMC-Chicago, LLC 0.06% of their portfolio CHICAGO, IL 54,73854.7k $4.2m $4.2m 0.06% New
72 Lake Hills Wealth Management, LLC 2.32% of their portfolio AUSTIN, TX 54,34454.3k $4.1m $4.1m 2.32% New
73 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 51,58651.6k $3.9m $3.9m 0.01% Added +35.4k +35,414
74 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 50,40950.4k $3.8m $3.8m 0.02% Added +26.3k +26,332
75 ExodusPoint Capital Management, LP 0.04% of their portfolio NEW YORK, NY 48,65148.7k $3.7m $3.7m 0.04% New
76 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 48,55948.6k $3.7m $3.7m 0.02% Added +41.9k +41,949
77 Marex Group Ltd 0.04% of their portfolio London, X0 47,51347.5k $3.6m $3.6m 0.04% Added +38.7k +38,739
78 Cypress Capital Group 0.41% of their portfolio Palm Beach, FL 47,25747.3k $3.6m $3.6m 0.41% Added +9.3k +9,297
79 Brookwood Investment Group LLC 0.44% of their portfolio PHOENIX, AZ 45,21345.2k $3.5m $3.5m 0.44% Reduced -16.1k -16,092
80 IronBridge Private Wealth, LLC 1.11% of their portfolio Austin, TX 45,20745.2k $3.5m $3.5m 1.11% New
81 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 42,48842.5k $3.2m $3.2m 0.01% Added +4.0k +3,999
82 NORTHEAST PLANNING ASSOCIATES, INC. / NH / 2.17% of their portfolio BEDFORD, NH 42,24042.2k $3.2m $3.2m 2.17% Added +5.0k +4,995
83 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 41,29741.3k $3.2m $3.2m 0.00% Added +27.3k +27,301
84 Ipsen Advisor Group LLC 2.13% of their portfolio LITTLE ROCK, AR 39,82839.8k $3.0m $3.0m 2.13% Reduced -1.4k -1,439
85 MILESTONE ASSET MANAGEMENT, LLC 0.56% of their portfolio PITTSBURGH, PA 39,49739.5k $3.0m $3.0m 0.56% New
86 Glaxis Capital Management, LLC 3.76% of their portfolio SARASOTA, FL 39,39039.4k $3.0m $3.0m 3.76% New
87 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 39,11239.1k $3.0m $3.0m 0.00% Added +6.0k +6,036
88 Symphony Financial, Ltd. Co. 0.38% of their portfolio HOUSTON, TX 38,50838.5k $2.8m $2.8m 0.38% Added +23 +23
89 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 37,99238.0k $2.9m $2.9m 0.01% Reduced -4.1k -4,137
90 Summit Financial, LLC 0.04% of their portfolio PARSIPPANY, NJ 37,76937.8k $2.9m $2.9m 0.04% Added +147 +147
91 Valence8 US LP 0.99% of their portfolio Cambridge, MA 37,01837.0k $2.8m $2.8m 0.99% Reduced -13.2k -13,248
92 First International Bank of Israel Ltd. 0.77% of their portfolio TEL AVIV, L3 34,10034.1k $2.6m $2.6m 0.77% Reduced -12.0k -12,000
93 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 33,92833.9k $2.6m $2.6m 0.01% Added +5.0k +4,961
94 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 33,92033.9k $2.6m $2.6m 0.00% Reduced -311.1k -311,080
95 SPROTT INC. 0.08% of their portfolio TORONTO, A6 33,64533.6k $2.6m $2.6m 0.08% Added +1.3k +1,280
96 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 33,29733.3k $2.5m $2.5m 0.00% New
97 Corecam AG 2.25% of their portfolio ZURICH, V8 32,75032.8k $2.5m $2.5m 2.25% New
98 Continuum Advisory, LLC 0.24% of their portfolio EAGLE, ID 32,40932.4k $2.5m $2.5m 0.24% Added +653 +653
99 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 32,11232.1k $2.5m $2.5m 0.01% Added +10.0k +10,014
100 WOODMONT INVESTMENT COUNSEL LLC 0.15% of their portfolio NASHVILLE, TN 31,07831.1k $2.4m $2.4m 0.15% New