Vault-13

GOLDMAN SACHS PHYSICAL GOLD AAAU

UNIT · ETP · CUSIP 38150K103

249 institutional holders +21 vs Q4 2025
21,598,65721.6m shares reported held*
$997.5mreported value*
43 new 70 added 90 reduced 19 sold out net bought ≈ $117.6m (+1.7m 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 ($64.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.18. Options: 5 managers hold calls ($5.3m notional), 5 hold puts ($1.2m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 60Q4 22: 63Q1 23: 75Q2 23: 85Q3 23: 76Q4 23: 95Q1 24: 95Q2 24: 105Q3 24: 125Q4 24: 147Q1 25: 162Q2 25: 188Q3 25: 207Q4 25: 228Q1 26: 249249Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202260
Q4 202263
Q1 202375
Q2 202385
Q3 202376
Q4 202395
Q1 202495
Q2 2024105
Q3 2024125
Q4 2024147
Q1 2025162
Q2 2025188
Q3 2025207
Q4 2025228
Q1 2026249

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 49 bought or addedQ2 24: 40 cut or sold outQ3 24: 67 bought or addedQ3 24: 40 cut or sold outQ3 24Q4 24: 67 bought or addedQ4 24: 52 cut or sold outQ1 25: 92 bought or addedQ1 25: 52 cut or sold outQ1 25Q2 25: 101 bought or addedQ2 25: 70 cut or sold outQ3 25: 110 bought or addedQ3 25: 73 cut or sold outQ3 25Q4 25: 120 bought or addedQ4 25: 82 cut or sold outQ1 26: 113 bought or addedQ1 26: 109 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20244940
Q3 20246740
Q4 20246752
Q1 20259252
Q2 202510170
Q3 202511073
Q4 202512082
Q1 2026113109

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ2 25 calls: $901.4kQ2 25 puts: $6.0kQ2 25P/C 0.01Q3 25 calls: $1.0mQ3 25 puts: $215.0kQ3 25P/C 0.21Q4 25 calls: $1.7mQ4 25 puts: $1.1mQ4 25P/C 0.64Q1 26 calls: $5.3mQ1 26 puts: $1.2mQ1 26P/C 0.22
Numbers
QuarterCallsPutsP/C
Q2 2025$901.4k$6.0k0.01
Q3 2025$1.0m$215.0k0.21
Q4 2025$1.7m$1.1m0.64
Q1 2026$5.3m$1.2m0.22

Biggest buyers

Quadrature Capital Ltd New +561,793+561.8k
Virtu Financial LLC New +504,590+504.6k
Proficio Capital Partners LLC Added +430,380+430.4k
NEOS Investment Management LLC Added +410,800+410.8k
GOLDMAN SACHS GROUP INC Added +200,271+200.3k
LPL Financial LLC Added +188,919+188.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +160,035+160.0k
Stratos Wealth Partners, LTD. New +148,311+148.3k
Tandem Financial, LLC New +119,160+119.2k
Heirloom Wealth Management Added +102,188+102.2k

Biggest sellers

J. Stern & Co. LLP Sold out -902,486-902.5k
EXCHANGE TRADED CONCEPTS, LLC Reduced -186,516-186.5k
ROYAL BANK OF CANADA Reduced -111,317-111.3k
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC Reduced -109,182-109.2k
Cetera Investment Advisers Reduced -100,839-100.8k
AXXCESS WEALTH MANAGEMENT, LLC Sold out -78,856-78.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -55,746-55.7k
CLG LLC Reduced -48,159-48.2k
NewEdge Wealth, LLC Sold out -44,998-45.0k
Foundations Investment Advisors, LLC Reduced -43,229-43.2k

Biggest calls

CITADEL ADVISORS LLC Added $3.4m73.5k shares
IMC-Chicago, LLC Added $1.1m24.7k shares
GROUP ONE TRADING LLC Added $669.8k14.5k shares
Belvedere Trading LLC New $92.4k2.0k shares
SIMPLEX TRADING, LLC Reduced $13.9k300 shares

Biggest puts

IMC-Chicago, LLC Added $577.4k12.5k shares
CITADEL ADVISORS LLC Added $401.9k8.7k shares
GROUP ONE TRADING LLC Reduced $129.3k2.8k shares
Belvedere Trading LLC New $41.6k900 shares
SIMPLEX TRADING, LLC Reduced $9.2k200 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.

Insider purchases and sales in Q1 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wellspring Financial Advisors, LLC 7.16% of their portfolio CLEVELAND, OH 2,065,7642.1m $95.4m $95.4m 7.16% Added +73.5k +73,491
2 NEOS Investment Management LLC 0.46% of their portfolio Westport, CT 1,973,1602.0m $91.1m $91.1m 0.46% Added +410.8k +410,800
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,183,1581.2m $54.7m $54.7m 0.01% Added +188.9k +188,919
4 Proficio Capital Partners LLC 2.60% of their portfolio NEWTON, MA 1,054,7571.1m $48.7m $48.7m 2.60% Added +430.4k +430,380
5 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 875,043875.0k $40.4m $40.4m 0.01% Reduced -34.8k -34,804
6 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 671,921671.9k $31.0m $31.0m 0.05% Reduced -26.4k -26,450
7 Mirae Asset Global Investments Co., Ltd. 0.08% of their portfolio SEOUL, M5 636,600636.6k $29.4m $29.4m 0.08% Added +65.0k +65,000
8 Quadrature Capital Ltd 0.31% of their portfolio LONDON, X0 561,793561.8k $25.9m $25.9m 0.31% New
9 EXCHANGE TRADED CONCEPTS, LLC 0.20% of their portfolio Oklahoma City, OK 560,842560.8k $25.9m $25.9m 0.20% Reduced -186.5k -186,516
10 Virtu Financial LLC 0.97% of their portfolio New York, NY 504,590504.6k $23.3m $23.3m 0.97% New
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 424,552424.6k $19.6m $19.6m 0.00% Reduced -111.3k -111,317
12 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 413,544413.5k $19.1m $19.1m 0.02% Added +46.5k +46,482
13 AUGUSTINE ASSET MANAGEMENT INC 3.96% of their portfolio JACKSONVILLE, FL 381,139381.1k $17.6m $17.6m 3.96% Reduced -419 -419
14 Sonoma Allocations LLC 5.00% of their portfolio SANTA ROSA, CA 312,076312.1k $14.5m $14.5m 5.00% Reduced -7.4k -7,366
15 COLTON GROOME FINANCIAL ADVISORS, LLC 4.04% of their portfolio ASHEVILLE, NC 307,361307.4k $14.2m $14.2m 4.04% Added +24.4k +24,350
16 ALERUS FINANCIAL NA 0.70% of their portfolio GRAND FORKS, ND 306,513306.5k $14.2m $14.2m 0.70% Unchanged
17 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 300,572300.6k $13.9m $13.9m 0.01% Reduced -100.8k -100,839
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 288,071288.1k $13.3m $13.3m 0.00% Added +200.3k +200,271
19 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 285,658285.7k $13.2m $13.2m 0.05% Added +1.9k +1,880
20 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 275,182275.2k $12.7m $12.7m 0.03% Added +22.5k +22,527
21 China Universal Asset Management Co., Ltd. 0.85% of their portfolio SHANGHAI, F4 242,000242.0k $11.2m $11.2m 0.85% Added +5.0k +5,000
22 CLG LLC 2.67% of their portfolio Long Beach, CA 232,957233.0k $10.8m $10.8m 2.67% Reduced -48.2k -48,159
23 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 212,530212.5k $9.8m $9.8m 0.01% Added +16.3k +16,344
24 GoalVest Advisory LLC 1.83% of their portfolio New York, NY 202,375202.4k $9.3m $9.3m 1.83% Reduced -747 -747
25 OARSMAN CAPITAL, INC. 1.10% of their portfolio MILWAUKEE, WI 191,704191.7k $8.9m $8.9m 1.10% Reduced -2.4k -2,385
26 COURAGE CAPITAL MANAGEMENT LLC 12.05% of their portfolio NASHVILLE, TN 184,254184.3k $8.5m $8.5m 12.05% Unchanged
27 Heirloom Wealth Management 1.49% of their portfolio GREENWOOD VILLAGE, CO 178,748178.7k $8.3m $8.3m 1.49% Added +102.2k +102,188
28 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.42% of their portfolio SAN FRANCISCO, CA 172,340172.3k $8.0m $8.0m 0.42% Reduced -109.2k -109,182
29 Marks Group Wealth Management, Inc 0.76% of their portfolio MINNETONKA, MN 171,396171.4k $7.9m $7.9m 0.76% Reduced -827 -827
30 Prospera Financial Services Inc 0.12% of their portfolio Dallas, TX 164,869164.9k $7.6m $7.6m 0.12% Reduced -33.6k -33,626
31 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 162,901162.9k $7.5m $7.5m 0.01% Added +21.5k +21,542
32 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 160,970161.0k $7.4m $7.4m 0.01% Added +10.2k +10,205
33 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 160,035160.0k $7.4m $7.4m 0.01% New
34 Stratos Wealth Partners, LTD. 0.08% of their portfolio BEACHWOOD, OH 148,311148.3k $6.9m $6.9m 0.08% New
35 Winch Advisory Services, LLC 1.52% of their portfolio Appleton, WI 144,462144.5k $6.7m $6.7m 1.52% Reduced -3.4k -3,415
36 World Investment Advisors 0.10% of their portfolio LINCROFT, NJ 139,349139.3k $6.4m $6.4m 0.10% Reduced -7.7k -7,675
37 Procyon Advisors, LLC 0.30% of their portfolio SHELTON, CT 133,651133.7k $6.2m $6.2m 0.30% Added +4.0k +4,021
38 Geneos Wealth Management Inc. 0.13% of their portfolio ENGLEWOOD, CO 123,010123.0k $5.7m $5.7m 0.13% Reduced -14.5k -14,527
39 Nikulski Financial, Inc. 1.37% of their portfolio BETTENDORF, IA 120,385120.4k $5.6m $5.6m 1.37% Added +38.0k +38,005
40 MGO ONE SEVEN LLC 0.11% of their portfolio Beachwood, OH 119,626119.6k $5.5m $5.5m 0.11% Reduced -32.6k -32,575
41 Tandem Financial, LLC 1.86% of their portfolio GREENWOOD VILLAGE, CO 119,160119.2k $5.5m $5.5m 1.86% New
42 Optimus Capital Advisors, LLC 3.12% of their portfolio Coppel, TX 114,403114.4k $5.3m $5.3m 3.12% Reduced -187 -187
43 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 113,156113.2k $5.2m $5.2m 0.01% Reduced -348 -348
44 Summit Financial, LLC 0.07% of their portfolio PARSIPPANY, NJ 111,676111.7k $5.2m $5.2m 0.07% Reduced -2.7k -2,723
45 Farther Finance Advisors, LLC 0.05% of their portfolio SAN FRANCISCO, CA 105,090105.1k $4.9m $4.9m 0.05% Reduced -3.9k -3,853
46 Fortis Group Advisors, LLC 0.78% of their portfolio WESTWOOD, NJ 103,865103.9k $4.7m $4.7m 0.78% Reduced -1.2k -1,196
47 Pinion Investment Advisors, LLC 1.09% of their portfolio WICHITA, KS 100,604100.6k $4.6m $4.6m 1.09% Reduced -888 -888
48 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 94,20494.2k $4.2m $4.2m 0.00% Reduced -11.3k -11,259
49 Cambridge Advisors Inc. 0.80% of their portfolio OMAHA, NE 89,59689.6k $4.1m $4.1m 0.80% Added +28 +28
50 DEBUSSY CAPITAL MANAGEMENT LP 0.54% of their portfolio CHICAGO, IL 85,08985.1k $3.9m $3.9m 0.54% Reduced -3.0k -3,030
51 WealthTrak Capital Management LLC 2.76% of their portfolio VIRGINIA BEACH, VA 83,70483.7k $3.9m $3.9m 2.76% Reduced -17.5k -17,458
52 Spectrum Asset Management, Inc. (NB/CA) 1.13% of their portfolio NEWPORT BEACH, CA 77,20477.2k $3.6m $3.6m 1.13% Added +6.4k +6,418
53 Mutual Advisors, LLC 0.08% of their portfolio OMAHA, NE 76,78176.8k $3.5m $3.5m 0.08% Reduced -1.3k -1,294
54 Foundations Investment Advisors, LLC 0.04% of their portfolio PHOENIX, AZ 76,04176.0k $3.5m $3.5m 0.04% Reduced -43.2k -43,229
55 MOULTON WEALTH MANAGEMENT, INC 2.36% of their portfolio SPOKANE, WA 75,09475.1k $3.5m $3.5m 2.36% New
56 OneDigital Investment Advisors LLC 0.03% of their portfolio OVERLAND PARK, KS 74,23474.2k $3.4m $3.4m 0.03% Reduced -4.1k -4,066
57 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 73,59873.6k $3.4m $3.4m 0.00% Reduced -55.7k -55,746
58 FLOW TRADERS U.S. LLC 0.11% of their portfolio NEW YORK, NY 73,40173.4k $3.4m $3.4m 0.11% New
59 Riverwater Partners LLC 1.10% of their portfolio Milwaukee, WI 71,69071.7k $3.3m $3.3m 1.10% Added +11.4k +11,365
60 Jump Financial, LLC 0.05% of their portfolio Chicago, IL 70,05270.1k $3.2m $3.2m 0.05% New
61 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 70,00070.0k $3.2m $3.2m 0.01% Reduced -9.1k -9,100
62 IMC-Chicago, LLC 0.05% of their portfolio CHICAGO, IL 69,25669.3k $3.2m $3.2m 0.05% New
63 CAPSTONE WEALTH MANAGEMENT GROUP, LLC 1.34% of their portfolio DUNMORE, PA 69,04469.0k $3.2m $3.2m 1.34% Added +22.1k +22,097
64 Capital Asset Advisory Services LLC 0.12% of their portfolio Williamston, MI 67,54967.5k $3.2m $3.2m 0.12% Reduced -1.1k -1,078
65 GENTRY PRIVATE WEALTH, LLC 1.83% of their portfolio WICHITA, KS 65,62065.6k $3.0m $3.0m 1.83% Added +1.2k +1,170
66 AMERICAN NATIONAL BANK & TRUST 0.29% of their portfolio WICHITA FALLS, TX 65,55865.6k $3.0m $3.0m 0.29% Added +40.1k +40,115
67 Essex Financial Services, Inc. 0.16% of their portfolio ESSEX, CT 63,18863.2k $2.9m $2.9m 0.16% Reduced -185 -185
68 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 62,83362.8k $2.9m $2.9m 0.01% Reduced -6.6k -6,587
69 Mariner, LLC 0.00% of their portfolio Overland Park, KS 62,13562.1k $2.9m $2.9m 0.00% Reduced -8.9k -8,890
70 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 61,20861.2k $2.8m $2.8m 0.01% Added +219 +219
71 Paladin Advisory Group, LLC 2.12% of their portfolio CLIVE, IA 60,44760.4k $2.8m $2.8m 2.12% Reduced -1.3k -1,321
72 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 55,51255.5k $2.6m $2.6m 0.00% Reduced -183 -183
73 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 53,80753.8k $2.5m $2.5m 0.00% Added +481 +481
74 WESPAC Advisors, LLC 1.31% of their portfolio ORINDA, CA 51,86051.9k $2.4m $2.4m 1.31% Reduced -11.7k -11,708
75 RETIREMENT GUYS FORMULA LLC 0.99% of their portfolio MAUMEE, OH 46,77246.8k $2.2m $2.2m 0.99% Reduced -35.8k -35,788
76 OPTIMA CAPITAL LLC 0.99% of their portfolio PORTLAND, OR 46,27346.3k $2.1m $2.1m 0.99% Reduced -4.1k -4,059
77 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 46,22246.2k $2.1m $2.1m 0.03% Reduced -8.8k -8,754
78 SILVERLAKE WEALTH MANAGEMENT LLC 0.44% of their portfolio WILLISTON, VT 45,33245.3k $2.1m $2.1m 0.44% Added +2.0k +1,988
79 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 43,62143.6k $1.9m $1.9m 0.01% Added +7.5k +7,494
80 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 41,75041.8k $1.9m $1.9m 0.01% Added +2.8k +2,849
81 Encompass More Asset Management 0.32% of their portfolio Danville, CA 41,49241.5k $1.9m $1.9m 0.32% Added +13.4k +13,360
82 Apollon Wealth Management, LLC 0.03% of their portfolio MOUNT PLEASANT, SC 38,98139.0k $1.8m $1.8m 0.03% Added +2 +2
83 Sowell Financial Services LLC 0.07% of their portfolio NORTH LITTLE ROCK, AR 38,27238.3k $1.8m $1.8m 0.07% New
84 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 37,47237.5k $1.7m $1.7m 0.01% Added +3.9k +3,872
85 Generation Capital Management LLC 1.25% of their portfolio PITTSFORD, NY 36,94536.9k $1.7m $1.7m 1.25% Added +2.7k +2,675
86 Walser Wealth Management Company, A Ltd Liability Co 0.75% of their portfolio TAMPA, FL 36,28836.3k $1.7m $1.7m 0.75% Reduced -24.9k -24,856
87 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 35,22235.2k $1.6m $1.6m 0.00% Reduced -18.1k -18,071
88 BOOTHBAY FUND MANAGEMENT, LLC 0.04% of their portfolio NEW YORK, NY 34,30034.3k $1.6m $1.6m 0.04% Added +4.6k +4,600
89 VISTA INVESTMENT PARTNERS II, LLC 0.70% of their portfolio RICHMOND, IN 33,82633.8k $1.6m $1.6m 0.70% Added +9.4k +9,374
90 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 32,29432.3k $1.5m $1.5m 0.00% Reduced -1.4k -1,448
91 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 31,83231.8k $1.5m $1.5m 0.01% New
92 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 31,61831.6k $1.5m $1.5m 0.02% Reduced -4.0k -4,032
93 Regal Investment Advisors LLC 0.08% of their portfolio KENTWOOD, MI 31,41731.4k $1.5m $1.5m 0.08% Reduced -15.7k -15,657
94 Exit Wealth Advisors, LLC. 0.75% of their portfolio ATLANTA, GA 31,33431.3k $1.4m $1.4m 0.75% Unchanged
95 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 30,39930.4k $1.4m $1.4m 0.00% Added +9.6k +9,615
96 Guidance Point Advisors, LLC 0.33% of their portfolio Wellesley, MA 30,12130.1k $1.4m $1.4m 0.33% Reduced -3.4k -3,373
97 Headlands Technologies LLC 0.15% of their portfolio CHICAGO, IL 29,03229.0k $1.3m $1.3m 0.15% Added +20.1k +20,072
98 Intrua Financial, LLC 0.14% of their portfolio Houston, TX 28,44528.4k $1.3m $1.3m 0.14% Added +8.6k +8,645
99 MATAURO, LLC 0.19% of their portfolio NEW YORK, NY 27,93427.9k $1.3m $1.3m 0.19% Reduced -783 -783
100 Ipsen Advisor Group LLC 0.84% of their portfolio LITTLE ROCK, AR 25,92325.9k $1.2m $1.2m 0.84% New