Vault-13

ISHARES GOLD TR IAU

ISHARES NEW · ETP · CUSIP 464285204

1,705 institutional holders +112 vs Q2 2025
444,900,182444.9m shares reported held*
$32.4bnreported value*
171 new 753 added 424 reduced 53 sold out net bought ≈ $2.5bn (+34.9m 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 ($92.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $72.77. Options: 11 managers hold calls ($359.6m notional), 15 hold puts ($772.1m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 948Q4 22: 1,001Q1 23: 1,029Q2 23: 1,059Q3 23: 1,034Q4 23: 1,146Q1 24: 1,142Q2 24: 1,174Q3 24: 1,226Q4 24: 1,412Q1 25: 1,549Q2 25: 1,593Q3 25: 1,7051,705Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022948
Q4 20221,001
Q1 20231,029
Q2 20231,059
Q3 20231,034
Q4 20231,146
Q1 20241,142
Q2 20241,174
Q3 20241,226
Q4 20241,412
Q1 20251,549
Q2 20251,593
Q3 20251,705

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 23: 390 bought or addedQ4 23: 479 cut or sold outQ1 24: 420 bought or addedQ1 24: 538 cut or sold outQ1 24Q2 24: 469 bought or addedQ2 24: 482 cut or sold outQ3 24: 508 bought or addedQ3 24: 461 cut or sold outQ3 24Q4 24: 647 bought or addedQ4 24: 426 cut or sold outQ1 25: 832 bought or addedQ1 25: 451 cut or sold outQ1 25Q2 25: 615 bought or addedQ2 25: 694 cut or sold outQ3 25: 924 bought or addedQ3 25: 477 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023390479
Q1 2024420538
Q2 2024469482
Q3 2024508461
Q4 2024647426
Q1 2025832451
Q2 2025615694
Q3 2025924477

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ4 24 calls: $297.3mQ4 24 puts: $1.2bnQ4 24P/C 3.98Q1 25 calls: $197.9mQ1 25 puts: $448.6mQ1 25P/C 2.27Q2 25 calls: $290.9mQ2 25 puts: $542.3mQ2 25P/C 1.86Q3 25 calls: $359.6mQ3 25 puts: $772.1mQ3 25P/C 2.15
Numbers
QuarterCallsPutsP/C
Q4 2024$297.3m$1.2bn3.98
Q1 2025$197.9m$448.6m2.27
Q2 2025$290.9m$542.3m1.86
Q3 2025$359.6m$772.1m2.15

Biggest buyers

JPMORGAN CHASE & CO Added +15,410,848+15.4m
ENVESTNET ASSET MANAGEMENT INC Added +6,623,876+6.6m
HRTG GPE, LLC New +3,163,660+3.2m
LPL Financial LLC Added +2,637,857+2.6m
Mizuho Bank, Ltd. New +1,660,000+1.7m
MORGAN STANLEY Added +1,335,328+1.3m
Silver Point Capital L.P. New +1,335,000+1.3m
D. E. Shaw & Co., Inc. New +1,308,896+1.3m
EMORY UNIVERSITY New +1,080,949+1.1m
Sanctuary Advisors, LLC Added +889,750+889.8k

Biggest sellers

Sumitomo Mitsui Trust Group, Inc. Reduced -6,757,603-6.8m
FMR LLC Reduced -3,433,835-3.4m
ROYAL BANK OF CANADA Reduced -2,816,731-2.8m
PFG Advisors Reduced -1,399,691-1.4m
Pureheart Capital Pte Ltd. Reduced -1,302,000-1.3m
Rockefeller Capital Management L.P. Reduced -1,070,991-1.1m
Quadrature Capital Ltd Reduced -869,956-870.0k
MAINSTAY CAPITAL MANAGEMENT LLC /ADV Reduced -577,375-577.4k
Vestmark Advisory Solutions, Inc. Reduced -461,676-461.7k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -330,308-330.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $105.1m1.4m shares
CITADEL ADVISORS LLC Reduced $88.6m1.2m shares
Twin Tree Management, LP Reduced $63.3m869.8k shares
SIMPLEX TRADING, LLC Added $37.7m517.7k shares
WOLVERINE TRADING, LLC Added $15.5m214.8k shares
JANE STREET GROUP, LLC Added $15.1m207.0k shares
IMC-Chicago, LLC Added $14.6m200.9k shares
GROUP ONE TRADING LLC Reduced $14.0m192.4k shares
Walleye Trading LLC Added $5.3m72.9k shares
Squarepoint Ops LLC Unchanged $422.1k5.8k shares

Biggest puts

Twin Tree Management, LP Added $596.0m8.2m shares
GROUP ONE TRADING LLC Reduced $57.9m795.4k shares
SIMPLEX TRADING, LLC Added $42.1m578.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $21.1m289.4k shares
IMC-Chicago, LLC Added $16.3m223.7k shares
JANE STREET GROUP, LLC Added $12.1m166.9k shares
CITADEL ADVISORS LLC Added $12.0m164.4k shares
WOLVERINE TRADING, LLC Added $8.7m121.1k shares
Walleye Trading LLC Reduced $2.1m28.4k shares
Squarepoint Ops LLC Unchanged $2.0m27.5k 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 Q3 2025

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 Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.17% of their portfolio CHARLOTTE, NC 30,799,50430.8m $2.2bn $2.2bn 0.17% Added +456.1k +456,140
2 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 26,330,46226.3m $1.9bn $1.9bn 0.06% Added +15.4m +15,410,848
3 MORGAN STANLEY 0.11% of their portfolio NEW YORK, NY 24,836,47124.8m $1.8bn $1.8bn 0.11% Added +1.3m +1,335,328
4 FMR LLC 0.08% of their portfolio BOSTON, MA 21,989,88822.0m $1.6bn $1.6bn 0.08% Reduced -3.4m -3,433,835
5 ENVESTNET ASSET MANAGEMENT INC 0.43% of their portfolio Berwyn, PA 20,520,70520.5m $1.5bn $1.5bn 0.43% Added +6.6m +6,623,876
6 LPL Financial LLC 0.29% of their portfolio FORT MILL, SC 13,538,75813.5m $985.2m $985.2m 0.29% Added +2.6m +2,637,857
7 WELLS FARGO & COMPANY/MN 0.19% of their portfolio SAN FRANCISCO, CA 12,876,41412.9m $937.0m $937.0m 0.19% Added +196.5k +196,499
8 UBS Group AG 0.13% of their portfolio ZURICH, V8 9,148,0559.1m $665.7m $665.7m 0.13% Added +561.5k +561,489
9 Sumitomo Mitsui Trust Group, Inc. 0.38% of their portfolio CHIYODA-KU, TOKYO, M0 9,004,5949.0m $655.3m $655.3m 0.38% Reduced -6.8m -6,757,603
10 WealthNavi Inc. 4.81% of their portfolio Shinagawa-ku, TOKYO, M0 7,130,5437.1m $518.9m $518.9m 4.81% Added +559.4k +559,413
11 ALLIANCEBERNSTEIN L.P. 0.16% of their portfolio NASHVILLE, TN 6,815,3416.8m $496.0m $496.0m 0.16% Reduced -217.2k -217,186
12 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 6,607,3566.6m $481.7m $481.7m 0.11% Reduced -9.1k -9,124
13 Empower Advisory Group, LLC 1.18% of their portfolio Greenwood Village, CO 5,871,0705.9m $427.2m $427.2m 1.18% Reduced -158.6k -158,647
14 TRUIST FINANCIAL CORP 0.57% of their portfolio CHARLOTTE, NC 5,814,1905.8m $423.1m $423.1m 0.57% Added +323.8k +323,755
15 BlackRock, Inc. 0.01% of their portfolio New York, NY 5,693,6635.7m $414.3m $414.3m 0.01% Added +362.5k +362,462
16 RAYMOND JAMES FINANCIAL INC 0.13% of their portfolio ST. PETERSBURG, FL 5,626,4805.6m $409.4m $409.4m 0.13% Added +279.3k +279,267
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.27% of their portfolio MILWAUKEE, WI 5,576,8555.6m $405.8m $405.8m 0.27% Added +569.5k +569,514
18 CITIGROUP INC 0.27% of their portfolio NEW YORK, NY 5,307,7195.3m $386.2m $386.2m 0.27% Added +198.9k +198,901
19 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 4,528,9034.5m $329.6m $329.6m 0.06% Reduced -2.8m -2,816,731
20 NORTHERN TRUST CORP 0.04% of their portfolio CHICAGO, IL 4,311,4794.3m $313.7m $313.7m 0.04% Added +223.5k +223,500
21 KEYBANK NATIONAL ASSOCIATION/OH 0.94% of their portfolio BROOKLYN, OH 3,660,1993.7m $266.4m $266.4m 0.94% Added +37.1k +37,119
22 COMMONWEALTH EQUITY SERVICES, LLC 0.33% of their portfolio WALTHAM, MA 3,517,0513.5m $255.9m $255.9m 0.33% Reduced -330.3k -330,308
23 HighTower Advisors, LLC 0.29% of their portfolio CHICAGO, IL 3,509,7793.5m $255.4m $255.4m 0.29% Added +76.2k +76,150
24 PRUDENTIAL FINANCIAL INC 0.30% of their portfolio NEWARK, NJ 3,451,9863.5m $251.2m $251.2m 0.30% Reduced -42.1k -42,120
25 HRTG GPE, LLC 24.54% of their portfolio WILSON, WY 3,163,6603.2m $230.2m $230.2m 24.54% New
26 Cerity Partners LLC 0.37% of their portfolio NEW YORK, NY 3,129,0373.1m $227.7m $227.7m 0.37% Added +69.2k +69,183
27 CIBC Private Wealth Group LLC 0.33% of their portfolio ATLANTA, GA 2,651,4322.7m $192.9m $192.9m 0.33% Added +98.8k +98,811
28 STIFEL FINANCIAL CORP 0.16% of their portfolio ST. LOUIS, MO 2,412,7502.4m $175.6m $175.6m 0.16% Added +58.6k +58,602
29 CAPTRUST FINANCIAL ADVISORS 0.36% of their portfolio RALEIGH, NC 2,399,8412.4m $174.6m $174.6m 0.36% Reduced -14.1k -14,061
30 Proficio Capital Partners LLC 11.33% of their portfolio NEWTON, MA 2,266,6382.3m $164.9m $164.9m 11.33% Added +48.1k +48,056
31 Cetera Investment Advisers 0.19% of their portfolio SCHAUMBURG, IL 2,262,1782.3m $164.6m $164.6m 0.19% Added +796.6k +796,607
32 Packer & Co Ltd 43.24% of their portfolio COTTESLOE, C3 2,150,1002.2m $156.5m $156.5m 43.24% First filing
33 OSAIC HOLDINGS, INC. 0.19% of their portfolio SCOTTSDALE, AZ 2,041,8342.0m $137.9m $137.9m 0.19% Added +166.4k +166,449
34 MML INVESTORS SERVICES, LLC 0.39% of their portfolio SPRINGFIELD, MA 2,008,3482.0m $146.1m $146.1m 0.39% Added +455.3k +455,298
35 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,958,7632.0m $142.5m $142.5m 0.03% Added +515.9k +515,933
36 Erste Asset Management GmbH 1.33% of their portfolio VIENNA, C4 1,905,6501.9m $137.5m $137.5m 1.33% Added +130.0k +130,000
37 CWM, LLC 0.42% of their portfolio OMAHA, NE 1,896,7411.9m $138.0m $138.0m 0.42% Added +859.5k +859,525
38 EQUITABLE TRUST CO 6.29% of their portfolio NASHVILLE, TN 1,879,2991.9m $136.8m $136.8m 6.29% Reduced -4.2k -4,245
39 TOCQUEVILLE ASSET MANAGEMENT L.P. 1.93% of their portfolio New York, NY 1,818,0921.8m $132.3m $132.3m 1.93% Reduced -34.1k -34,055
40 Arnhold LLC 10.70% of their portfolio New York, NY 1,757,2541.8m $127.9m $127.9m 10.70% Unchanged
41 Envestnet Portfolio Solutions, Inc. 0.46% of their portfolio BERWYN, PA 1,707,1521.7m $124.2m $124.2m 0.46% Added +582.9k +582,911
42 Sanctuary Advisors, LLC 0.34% of their portfolio INDIANAPOLIS, IN 1,702,3261.7m $112.6m $112.6m 0.34% Added +889.8k +889,750
43 Cresset Asset Management, LLC 0.54% of their portfolio Chicago, IL 1,692,9881.7m $123.2m $123.2m 0.54% Added +243.1k +243,108
44 Chevy Chase Trust Holdings, LLC 0.34% of their portfolio BETHESDA, MD 1,690,5891.7m $123.0m $123.0m 0.34% Added +4.5k +4,481
45 Rockefeller Capital Management L.P. 0.24% of their portfolio NEW YORK, NY 1,678,5261.7m $122.1m $122.1m 0.24% Reduced -1.1m -1,070,991
46 Mizuho Bank, Ltd. 13.41% of their portfolio TOKYO, M0 1,660,0001.7m $120.8m $120.8m 13.41% New
47 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,593,6311.6m $116.0m $116.0m 0.02% Reduced -291.3k -291,257
48 PARK AVENUE SECURITIES LLC 0.90% of their portfolio NEW YORK, NY 1,590,9821.6m $115.8m $115.8m 0.90% Added +577.6k +577,647
49 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,562,4361.6m $113.7m $113.7m 0.02% Reduced -36.7k -36,665
50 MOON CAPITAL MANAGEMENT LP 83.50% of their portfolio NEW YORK, NY 1,559,6041.6m $113.5m $113.5m 83.50% Unchanged
51 GM Advisory Group, LLC 4.81% of their portfolio MELVILLE, NY 1,554,8711.6m $113.1m $113.1m 4.81% Reduced -425 -425
52 AlTi Global, Inc. 2.60% of their portfolio NEW YORK, NY 1,525,0621.5m $111.0m $111.0m 2.60% Reduced -42.7k -42,724
53 Mariner, LLC 0.13% of their portfolio Overland Park, KS 1,429,0951.4m $104.0m $104.0m 0.13% Added +60.7k +60,666
54 Baird Financial Group, Inc. 0.16% of their portfolio MILWAUKEE, WI 1,388,3761.4m $101.0m $101.0m 0.16% Added +39.2k +39,211
55 Janney Montgomery Scott LLC 0.24% of their portfolio PHILADELPHIA, PA 1,370,8031.4m $99.8m $99.8m 0.24% Added +303.8k +303,781
56 OneDigital Investment Advisors LLC 1.02% of their portfolio OVERLAND PARK, KS 1,362,4181.4m $99.1m $99.1m 1.02% Added +232.7k +232,740
57 Silver Point Capital L.P. 5.04% of their portfolio Greenwich, CT 1,335,0001.3m $97.1m $97.1m 5.04% New
58 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 1,308,8961.3m $95.2m $95.2m 0.08% New
59 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 1,236,0231.2m $89.9m $89.9m 0.02% Reduced -692 -692
60 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 1,212,6711.2m $88.2m $88.2m 0.05% Added +83.4k +83,372
61 NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio NEW YORK, NY 1,205,6781.2m $87.7m $87.7m 0.06% Reduced -16.0k -16,048
62 Dynasty Wealth Management, LLC 1.17% of their portfolio ST. PETERSBURG, FL 1,202,4491.2m $87.5m $87.5m 1.17% Added +70.6k +70,620
63 First Command Advisory Services, Inc. 0.63% of their portfolio FORT WORTH, TX 1,188,1881.2m $86.5m $86.5m 0.63% Reduced -41.9k -41,948
64 Allianz SE 1.83% of their portfolio Munich, 2M 1,186,6321.2m $86.4m $86.4m 1.83% Added +32.3k +32,341
65 FORBES J M & CO LLP 7.12% of their portfolio Boston, MA 1,177,4181.2m $85.7m $85.7m 7.12% Added +9.8k +9,777
66 NewEdge Advisors, LLC 0.39% of their portfolio NEW ORLEANS, LA 1,169,5391.2m $85.1m $85.1m 0.39% Added +369.5k +369,531
67 Tanglewood Wealth Management, Inc. 7.81% of their portfolio HOUSTON, TX 1,154,9591.2m $84.0m $84.0m 7.81% Reduced -512 -512
68 EMORY UNIVERSITY 50.09% of their portfolio ATLANTA, GA 1,080,9491.1m $78.7m $78.7m 50.09% New
69 CENTRAL TRUST Co 1.64% of their portfolio JEFFERSON CITY, MO 1,078,6851.1m $78.5m $78.5m 1.64% Reduced -99.9k -99,917
70 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 1,065,6481.1m $77.5m $77.5m 0.03% Added +90.7k +90,745
71 TWIN FOCUS CAPITAL PARTNERS, LLC 9.69% of their portfolio Boston, MA 1,048,3131.0m $76.3m $76.3m 9.69% Added +56.6k +56,613
72 1832 Asset Management L.P. 0.13% of their portfolio TORONTO, A6 1,043,6301.0m $75.9m $75.9m 0.13% Reduced -45.7k -45,735
73 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 1,006,7371.0m $73.3m $73.3m 0.02% Reduced -71.2k -71,159
74 Cambridge Investment Research Advisors, Inc. 0.20% of their portfolio FAIRFIELD, IA 1,000,7791.0m $72.8m $72.8m 0.20% Added +83.7k +83,686
75 BEACON INVESTMENT ADVISORY SERVICES, INC. 2.83% of their portfolio MORRISTOWN, NJ 923,448923.4k $67.2m $67.2m 2.83% Added +3.5k +3,510
76 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 917,989918.0k $66.8m $66.8m 0.05% Added +632.5k +632,451
77 Oxbow Advisors, LLC 6.17% of their portfolio Austin, TX 912,179912.2k $66.4m $66.4m 6.17% Reduced -34.0k -34,049
78 Permanens Capital L.P. 9.66% of their portfolio NEW YORK, NY 890,255890.3k $64.8m $64.8m 9.66% Reduced -19.3k -19,291
79 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 1.17% of their portfolio BOSTON, MA 873,240873.2k $63.5m $63.5m 1.17% Added +18.4k +18,414
80 AXXCESS WEALTH MANAGEMENT, LLC 1.31% of their portfolio CARLSBAD, CA 850,881850.9k $61.9m $61.9m 1.31% Reduced -80.7k -80,714
81 Pureheart Capital Pte Ltd. 13.67% of their portfolio SINGAPORE, U0 840,000840.0k $61.1m $61.1m 13.67% Reduced -1.3m -1,302,000
82 Capital Asset Advisory Services LLC 2.62% of their portfolio Williamston, MI 832,256832.3k $60.6m $60.6m 2.62% Reduced -92.0k -91,970
83 Circle Wealth Management, LLC 1.16% of their portfolio SUMMIT, NJ 819,093819.1k $59.6m $59.6m 1.16% Added +4.0k +3,975
84 Foundations Investment Advisors, LLC 0.86% of their portfolio PHOENIX, AZ 815,786815.8k $59.4m $59.4m 0.86% Reduced -49.1k -49,114
85 National Philanthropic Trust 0.66% of their portfolio Jenkintown, PA 814,760814.8k $59.3m $59.3m 0.66% Added +112.6k +112,627
86 ANDERSON HOAGLAND & CO 5.30% of their portfolio ST LOUIS, MO 811,599811.6k $59.1m $59.1m 5.30% Added +69.3k +69,283
87 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 790,958791.0k $57.6m $57.6m 0.04% Added +26.8k +26,814
88 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 5.48% of their portfolio GRAND BLANC, MI 751,768751.8k $54.7m $54.7m 5.48% Reduced -577.4k -577,375
89 Mirae Asset Global Investments Co., Ltd. 0.17% of their portfolio SEOUL, M5 731,514731.5k $53.2m $53.2m 0.17% Added +10.1k +10,132
90 EverSource Wealth Advisors, LLC 2.10% of their portfolio BIRMINGHAM, AL 729,330729.3k $53.1m $53.1m 2.10% Reduced -2.8k -2,793
91 ASSETMARK, INC 0.11% of their portfolio CONCORD, CA 725,154725.2k $52.8m $52.8m 0.11% Added +48.4k +48,434
92 GenWealth Group, Inc. 9.77% of their portfolio Maplewood, NJ 720,695720.7k $52.4m $52.4m 9.77% Added +35.1k +35,143
93 MERCER GLOBAL ADVISORS INC /ADV 0.09% of their portfolio DENVER, CO 718,369718.4k $52.3m $52.3m 0.09% Reduced -162.2k -162,204
94 Biltmore Family Office, LLC 7.39% of their portfolio CHARLOTTE, NC 713,579713.6k $51.9m $51.9m 7.39% Added +11.5k +11,490
95 Corient Private Wealth LP 0.08% of their portfolio MIAMI, FL 712,037712.0k $51.8m $51.8m 0.08% Added +109.8k +109,767
96 Steward Partners Investment Advisory, LLC 0.29% of their portfolio STAMFORD, CT 706,174706.2k $51.4m $51.4m 0.29% Added +185.7k +185,735
97 Parker Investment Management, LLC 6.92% of their portfolio Menlo Park, CA 697,387697.4k $50.7m $50.7m 6.92% Added +594.5k +594,506
98 IEQ CAPITAL, LLC 0.15% of their portfolio Foster City, CA 690,383690.4k $50.2m $50.2m 0.15% Added +82.2k +82,210
99 Equitable Holdings, Inc. 0.37% of their portfolio NEW YORK, NY 689,833689.8k $50.2m $50.2m 0.37% Added +56.9k +56,852
100 Intellus Advisors LLC 6.70% of their portfolio NAPLES, FL 672,964673.0k $49.0m $49.0m 6.70% Added +4.7k +4,742