GOLDMAN SACHS PHYSICAL GOLD AAAU
UNIT · ETP · CUSIP 38150K103
- SectorFinancials
- IndustryCommodity Contracts Brokers & Dealers
- HeadquartersNew York, NY
- FilingsSEC EDGAR
* 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 ($8.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $39.62. Options: 5 managers hold calls ($3.2m notional), 3 hold puts ($625.2k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 60 |
| Q4 2022 | 63 |
| Q1 2023 | 75 |
| Q2 2023 | 85 |
| Q3 2023 | 76 |
| Q4 2023 | 95 |
| Q1 2024 | 95 |
| Q2 2024 | 105 |
| Q3 2024 | 125 |
| Q4 2024 | 147 |
| Q1 2025 | 162 |
| Q2 2025 | 188 |
| Q3 2025 | 207 |
| Q4 2025 | 228 |
| Q1 2026 | 249 |
| Q2 2026 | 242 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 67 | 40 |
| Q4 2024 | 67 | 52 |
| Q1 2025 | 92 | 52 |
| Q2 2025 | 101 | 70 |
| Q3 2025 | 110 | 73 |
| Q4 2025 | 120 | 82 |
| Q1 2026 | 113 | 109 |
| Q2 2026 | 108 | 118 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.0m | $215.0k | 0.21 |
| Q4 2025 | $1.7m | $1.1m | 0.64 |
| Q1 2026 | $5.3m | $1.2m | 0.22 |
| Q2 2026 | $3.2m | $625.2k | 0.19 |
Biggest buyers
| Heirloom Wealth Management | Added | +826.3k |
| NEOS Investment Management LLC | Added | +761.4k |
| Cambridge Investment Research Advisors, Inc. | Added | +254.3k |
| ELEVATION POINT WEALTH PARTNERS, LLC | New | +208.6k |
| Vestmark Advisory Solutions, Inc. | New | +208.3k |
| Wellspring Financial Advisors, LLC | Added | +159.9k |
| AMERICAN NATIONAL BANK & TRUST | Added | +154.8k |
| OSAIC HOLDINGS, INC. | Added | +151.7k |
| Rockport Wealth LLC | New | +141.9k |
| JANE STREET GROUP, LLC | New | +117.0k |
Biggest sellers
| Quadrature Capital Ltd | Sold out | -561.8k |
| Virtu Financial LLC | Reduced | -429.1k |
| Proficio Capital Partners LLC | Reduced | -295.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -154.2k |
| Mirae Asset Global Investments Co., Ltd. | Reduced | -125.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -94.8k |
| DEBUSSY CAPITAL MANAGEMENT LP | Sold out | -85.1k |
| CITADEL ADVISORS LLC | Reduced | -81.0k |
| Spectrum Asset Management, Inc. (NB/CA) | Sold out | -77.2k |
| IMC-Chicago, LLC | Sold out | -69.3k |
Biggest calls
| IMC-Chicago, LLC | Added | $1.5m38.6k shares |
| CITADEL ADVISORS LLC | Reduced | $767.7k19.4k shares |
| JANE STREET GROUP, LLC | New | $565.9k14.3k shares |
| SIMPLEX TRADING, LLC | Added | $316.6k8.0k shares |
| GROUP ONE TRADING LLC | Reduced | $43.5k1.1k shares |
Biggest puts
| IMC-Chicago, LLC | Reduced | $379.9k9.6k shares |
| CITADEL ADVISORS LLC | Reduced | $237.4k6.0k shares |
| SIMPLEX TRADING, LLC | Unchanged | $7.9k200 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 since 1 Apr 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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| NEOS Investment Management LLC 0.40% of their portfolio | 2.7m $108.2m | Added +761.4k |
| Wellspring Financial Advisors, LLC 5.80% of their portfolio | 2.2m $88.1m | Added +159.9k |
| LPL Financial LLC 0.01% of their portfolio | 1.2m $45.5m | Reduced -32.0k |
| Heirloom Wealth Management 5.76% of their portfolio | 1.0m $39.8m | Added +826.3k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 826.2k $32.7m | Reduced -48.8k |
| OSAIC HOLDINGS, INC. 0.04% of their portfolio | 823.6k $32.6m | Added +151.7k |
| Proficio Capital Partners LLC 1.08% of their portfolio | 759.6k $30.1m | Reduced -295.2k |
| Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio | 529.5k $21.0m | Added +254.3k |
| EXCHANGE TRADED CONCEPTS, LLC 0.10% of their portfolio | 529.4k $20.9m | Reduced -31.4k |
| Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio | 511.6k $20.2m | Reduced -125.0k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 412.6k $16.3m | Reduced -909 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 393.2k $15.6m | Reduced -31.3k |
| AUGUSTINE ASSET MANAGEMENT INC 3.05% of their portfolio | 380.3k $15.0m | Reduced -843 |
| COLTON GROOME FINANCIAL ADVISORS, LLC 2.97% of their portfolio | 310.6k $12.3m | Added +3.2k |
| Sonoma Allocations LLC 3.86% of their portfolio | 308.9k $12.4m | Reduced -3.2k |
| Kestra Advisory Services, LLC 0.04% of their portfolio | 282.3k $11.2m | Reduced -3.4k |
| ALERUS FINANCIAL NA 0.49% of their portfolio | 281.5k $11.1m | Reduced -25.0k |
| CLG LLC 2.40% of their portfolio | 276.5k $10.9m | Added +43.6k |
| Cetera Investment Advisers 0.01% of their portfolio | 274.7k $10.9m | Reduced -25.8k |
| China Universal Asset Management Co., Ltd. 0.57% of their portfolio | 242.0k $9.6m | Unchanged |
| GoalVest Advisory LLC 1.62% of their portfolio | 221.2k $8.8m | Added +18.8k |
| AMERICAN NATIONAL BANK & TRUST 0.74% of their portfolio | 220.4k $8.7m | Added +154.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 210.8k $8.3m | Added +116.6k |
| ELEVATION POINT WEALTH PARTNERS, LLC 0.15% of their portfolio | 208.6k $8.3m | New |
| Vestmark Advisory Solutions, Inc. 0.08% of their portfolio | 208.3k $8.2m | New |
| OARSMAN CAPITAL, INC. 0.86% of their portfolio | 204.7k $8.1m | Added +13.0k |
| Prospera Financial Services Inc 0.11% of their portfolio | 198.0k $7.8m | Added +33.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 193.3k $7.6m | Reduced -94.8k |
| COURAGE CAPITAL MANAGEMENT LLC 10.83% of their portfolio | 184.3k $7.3m | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 182.3k $7.2m | Reduced -30.2k |
| Fortis Group Advisors, LLC 1.15% of their portfolio | 181.3k $7.2m | Added +77.4k |
| OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.39% of their portfolio | 178.0k $7.0m | Added +5.6k |
| Marks Group Wealth Management, Inc 0.59% of their portfolio | 170.6k $6.8m | Reduced -761 |
| Winch Advisory Services, LLC 1.19% of their portfolio | 145.1k $5.7m | Added +651 |
| Rockport Wealth LLC 0.94% of their portfolio | 141.9k $5.6m | New |
| HighTower Advisors, LLC 0.01% of their portfolio | 141.0k $5.6m | Reduced -21.9k |
| World Investment Advisors 0.11% of their portfolio | 139.3k $6.4m | Unchanged |
| Jump Financial, LLC 0.05% of their portfolio | 127.1k $5.0m | Added +57.1k |
| Nikulski Financial, Inc. 1.05% of their portfolio | 123.4k $4.9m | Added +3.0k |
| Procyon Advisors, LLC 0.21% of their portfolio | 122.0k $4.8m | Reduced -11.6k |
| Geneos Wealth Management Inc. 0.10% of their portfolio | 120.4k $4.8m | Reduced -2.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 117.0k $4.6m | New |
| Optimus Capital Advisors, LLC 2.35% of their portfolio | 110.4k $4.4m | Reduced -4.0k |
| MGO ONE SEVEN LLC 0.07% of their portfolio | 109.9k $4.3m | Reduced -9.8k |
| Summit Financial, LLC 0.05% of their portfolio | 109.4k $4.3m | Reduced -2.3k |
| Stratos Wealth Partners, LTD. 0.04% of their portfolio | 108.7k $4.3m | Reduced -39.6k |
| Pinion Investment Advisors, LLC 0.78% of their portfolio | 103.8k $4.1m | Added +3.2k |
| Cerity Partners LLC 0.00% of their portfolio | 100.8k $4.0m | Reduced -12.3k |
| Cambridge Advisors Inc. 0.63% of their portfolio | 92.0k $3.6m | Added +2.4k |
| WealthTrak Capital Management LLC 2.26% of their portfolio | 87.0k $3.4m | Added +3.3k |
| OneDigital Investment Advisors LLC 0.03% of their portfolio | 83.1k $3.3m | Added +8.8k |
| Riverwater Partners LLC 0.97% of their portfolio | 82.6k $3.3m | Added +10.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 80.0k $3.2m | Reduced -81.0k |
| Mutual Advisors, LLC 0.06% of their portfolio | 78.9k $3.1m | Added +2.1k |
| Virtu Financial LLC 0.09% of their portfolio | 75.5k $3.0m | Reduced -429.1k |
| GENTRY PRIVATE WEALTH, LLC 1.49% of their portfolio | 72.9k $2.9m | Added +7.3k |
| Tandem Financial, LLC 0.90% of their portfolio | 71.0k $2.8m | Reduced -48.1k |
| NewEdge Advisors, LLC 0.01% of their portfolio | 69.7k $2.8m | Added +8.5k |
| Capital Asset Advisory Services LLC 0.10% of their portfolio | 69.2k $2.7m | Added +1.7k |
| AXXCESS WEALTH MANAGEMENT, LLC 0.04% of their portfolio | 69.2k $2.7m | New |
| MOULTON WEALTH MANAGEMENT, INC 1.81% of their portfolio | 68.5k $2.7m | Reduced -6.6k |
| Arkadios Wealth Advisors 0.04% of their portfolio | 64.0k $2.5m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 63.3k $2.5m | Reduced -10.3k |
| Essex Financial Services, Inc. 0.12% of their portfolio | 63.1k $2.5m | Reduced -50 |
| Farther Finance Advisors, LLC 0.02% of their portfolio | 61.8k $2.4m | Reduced -43.3k |
| Paladin Advisory Group, LLC 1.62% of their portfolio | 61.7k $2.4m | Added +1.3k |
| Foundations Investment Advisors, LLC 0.02% of their portfolio | 59.9k $2.4m | Reduced -16.2k |
| Equitable Holdings, Inc. 0.01% of their portfolio | 59.2k $2.3m | Added +15.6k |
| Mariner, LLC 0.00% of their portfolio | 59.2k $2.3m | Reduced -2.9k |
| Global Retirement Partners, LLC 0.03% of their portfolio | 57.8k $2.3m | First filing |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 51.6k $2.0m | Added +16.4k |
| Creative Planning 0.00% of their portfolio | 49.6k $2.0m | Reduced -5.9k |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.02% of their portfolio | 47.3k $1.9m | Added +1.0k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio | 46.7k $1.8m | Added +12.4k |
| Private Advisor Group, LLC 0.01% of their portfolio | 43.3k $1.7m | Added +5.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 41.1k $1.6m | Reduced -28.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 40.1k $1.6m | Added +33.8k |
| Apollon Wealth Management, LLC 0.02% of their portfolio | 39.0k $1.5m | Unchanged |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 38.7k $1.5m | Reduced -24.1k |
| OPTIMA CAPITAL LLC 0.60% of their portfolio | 38.6k $1.5m | Reduced -7.7k |
| Sowell Financial Services LLC 0.05% of their portfolio | 38.1k $1.5m | Reduced -195 |
| RETIREMENT GUYS FORMULA LLC 0.56% of their portfolio | 37.8k $1.5m | Reduced -9.0k |
| SAGESPRING WEALTH PARTNERS, LLC 0.02% of their portfolio | 37.0k $1.5m | Added +24.9k |
| Advisory Services Network, LLC 0.02% of their portfolio | 36.9k $1.5m | Added +5.3k |
| Generation Capital Management LLC 0.88% of their portfolio | 36.4k $1.4m | Reduced -500 |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 36.4k $1.4m | Reduced -5.3k |
| Guidance Point Advisors, LLC 0.30% of their portfolio | 35.7k $1.4m | Added +5.6k |
| Walser Wealth Management Company, A Ltd Liability Co 0.57% of their portfolio | 34.9k $1.4m | Reduced -1.4k |
| NORTHBRIDGE FINANCIAL GROUP, LLC 0.52% of their portfolio | 34.3k $1.4m | Added +10.0k |
| WESPAC Advisors, LLC 0.65% of their portfolio | 33.6k $1.3m | Reduced -18.3k |
| Regal Investment Advisors LLC 0.07% of their portfolio | 31.6k $1.3m | Added +230 |
| Waverly Advisors, LLC 0.01% of their portfolio | 31.4k $1.2m | Reduced -391 |
| Exit Wealth Advisors, LLC. 0.57% of their portfolio | 31.3k $1.2m | Unchanged |
| Corient Private Wealth LP 0.00% of their portfolio | 30.3k $1.2m | Added +9.1k |
| MATAURO, LLC 0.16% of their portfolio | 30.2k $1.2m | Added +2.2k |
| VISTA INVESTMENT PARTNERS II, LLC 0.46% of their portfolio | 29.8k $1.2m | Reduced -4.0k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 29.7k $1.2m | Reduced -2.6k |
| MORGAN STANLEY 0.00% of their portfolio | 29.0k $1.1m | Reduced -1.4k |
| TCFG Investment Advisors, LLC 0.38% of their portfolio | 28.4k $1.1m | Added +20.9k |
| Ipsen Advisor Group LLC 0.71% of their portfolio | 27.8k $1.1m | Added +1.9k |