Vault-13

ISHARES GOLD TR IAU

ISHARES NEW · ETP · CUSIP 464285204

1,927 institutional holders +222 vs Q3 2025
437,030,322437.0m shares reported held*
$35.5bnreported value*
158 new 655 added 653 reduced 72 sold out net sold ≈ $1.1bn (-13.1m 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 ($148.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $81.28. Options: 15 managers hold calls ($589.6m notional), 12 hold puts ($420.8m).

Trends to Q4 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: 1,705Q4 25: 1,9271,927Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 20251,927

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 24: 420 bought or addedQ1 24: 538 cut or sold outQ2 24: 469 bought or addedQ2 24: 482 cut or sold outQ2 24Q3 24: 508 bought or addedQ3 24: 461 cut or sold outQ4 24: 647 bought or addedQ4 24: 426 cut or sold outQ4 24Q1 25: 832 bought or addedQ1 25: 451 cut or sold outQ2 25: 615 bought or addedQ2 25: 694 cut or sold outQ2 25Q3 25: 924 bought or addedQ3 25: 477 cut or sold outQ4 25: 813 bought or addedQ4 25: 725 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024420538
Q2 2024469482
Q3 2024508461
Q4 2024647426
Q1 2025832451
Q2 2025615694
Q3 2025924477
Q4 2025813725

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ1 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 2.15Q4 25 calls: $589.6mQ4 25 puts: $420.8mQ4 25P/C 0.71
Numbers
QuarterCallsPutsP/C
Q1 2025$197.9m$448.6m2.27
Q2 2025$290.9m$542.3m1.86
Q3 2025$359.6m$772.1m2.15
Q4 2025$589.6m$420.8m0.71

Biggest buyers

Concurrent Investment Advisors, LLC Added +2,008,288+2.0m
CITIGROUP INC Added +1,893,594+1.9m
BlackRock, Inc. Added +1,496,131+1.5m
CITADEL ADVISORS LLC Added +1,190,618+1.2m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +1,019,135+1.0m
HSBC HOLDINGS PLC Added +864,741+864.7k
MAINSTAY CAPITAL MANAGEMENT LLC /ADV Added +701,697+701.7k
Erste Asset Management GmbH Added +680,000+680.0k
AMERIPRISE FINANCIAL INC Added +660,463+660.5k
Corient Private Wealth LP Added +647,059+647.1k

Biggest sellers

JPMORGAN CHASE & CO Reduced -14,485,831-14.5m
PRUDENTIAL FINANCIAL INC Sold out -3,451,986-3.5m
Sumitomo Mitsui Trust Group, Inc. Reduced -2,395,679-2.4m
Mizuho Bank, Ltd. Sold out -1,660,000-1.7m
D. E. Shaw & Co., Inc. Sold out -1,308,896-1.3m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,216,730-1.2m
1832 Asset Management L.P. Sold out -1,043,630-1.0m
Pureheart Capital Pte Ltd. Sold out -840,000-840.0k
Sanctuary Advisors, LLC Reduced -752,397-752.4k
BANK OF MONTREAL /CAN/ Reduced -665,519-665.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $207.4m2.6m shares
CITADEL ADVISORS LLC Added $165.8m2.0m shares
SIMPLEX TRADING, LLC Added $63.8m785.4k shares
IMC-Chicago, LLC Added $39.3m484.4k shares
JANE STREET GROUP, LLC Added $37.8m465.8k shares
GROUP ONE TRADING LLC Added $37.7m463.9k shares
Twin Tree Management, LP Reduced $24.4m300.0k shares
Walleye Trading LLC Added $9.0m111.1k shares
JPMORGAN CHASE & CO New $3.7m45.0k shares
Squarepoint Ops LLC Unchanged $470.8k5.8k shares

Biggest puts

Twin Tree Management, LP Reduced $193.6m2.4m shares
GROUP ONE TRADING LLC Added $67.2m828.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $53.5m659.3k shares
SIMPLEX TRADING, LLC Reduced $40.8m502.9k shares
JANE STREET GROUP, LLC Added $24.6m303.0k shares
CITADEL ADVISORS LLC Added $19.3m238.3k shares
IMC-Chicago, LLC Added $18.2m224.1k shares
Squarepoint Ops LLC Unchanged $2.2m27.5k shares
Walleye Trading LLC Reduced $1.1m13.3k shares
Parallax Volatility Advisers, L.P. Unchanged $129.9k1.6k 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 Q4 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 Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.18% of their portfolio CHARLOTTE, NC 30,270,51630.3m $2.5bn $2.5bn 0.18% Reduced -529.0k -528,988
2 MORGAN STANLEY 0.12% of their portfolio NEW YORK, NY 24,895,74324.9m $2.0bn $2.0bn 0.12% Added +59.3k +59,272
3 FMR LLC 0.09% of their portfolio BOSTON, MA 22,414,65822.4m $1.8bn $1.8bn 0.09% Added +424.8k +424,770
4 ENVESTNET ASSET MANAGEMENT INC 0.46% of their portfolio Berwyn, PA 19,303,97519.3m $1.6bn $1.6bn 0.46% Reduced -1.2m -1,216,730
5 LPL Financial LLC 0.30% of their portfolio FORT MILL, SC 13,742,28613.7m $1.1bn $1.1bn 0.30% Added +203.5k +203,528
6 WELLS FARGO & COMPANY/MN 0.21% of their portfolio SAN FRANCISCO, CA 13,136,95513.1m $1.1bn $1.1bn 0.21% Added +260.5k +260,541
7 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 11,844,63111.8m $961.4m $961.4m 0.06% Reduced -14.5m -14,485,831
8 UBS Group AG 0.14% of their portfolio ZURICH, V8 8,957,8479.0m $727.1m $727.1m 0.14% Reduced -190.2k -190,208
9 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 7,267,8197.3m $590.2m $590.2m 0.13% Added +660.5k +660,463
10 CITIGROUP INC 0.40% of their portfolio NEW YORK, NY 7,201,3137.2m $584.5m $584.5m 0.40% Added +1.9m +1,893,594
11 BlackRock, Inc. 0.01% of their portfolio New York, NY 7,189,7947.2m $583.6m $583.6m 0.01% Added +1.5m +1,496,131
12 WealthNavi Inc. 5.09% of their portfolio Shinagawa-ku, TOKYO, M0 7,089,2487.1m $575.4m $575.4m 5.09% Reduced -41.3k -41,295
13 Sumitomo Mitsui Trust Group, Inc. 0.32% of their portfolio CHIYODA-KU, TOKYO, M0 6,608,9156.6m $536.4m $536.4m 0.32% Reduced -2.4m -2,395,679
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.34% of their portfolio MILWAUKEE, WI 6,595,9906.6m $535.4m $535.4m 0.34% Added +1.0m +1,019,135
15 ALLIANCEBERNSTEIN L.P. 0.16% of their portfolio NASHVILLE, TN 6,351,7256.4m $515.6m $515.6m 0.16% Reduced -463.6k -463,616
16 TRUIST FINANCIAL CORP 0.64% of their portfolio CHARLOTTE, NC 5,904,0815.9m $479.2m $479.2m 0.64% Added +89.9k +89,891
17 RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio ST. PETERSBURG, FL 5,648,4905.6m $458.5m $458.5m 0.14% Added +22.0k +22,010
18 Empower Advisory Group, LLC 1.21% of their portfolio Greenwood Village, CO 5,520,2785.5m $448.1m $448.1m 1.21% Reduced -350.8k -350,792
19 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 4,539,6724.5m $368.5m $368.5m 0.05% Added +228.2k +228,193
20 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 3,900,5613.9m $316.6m $316.6m 0.06% Reduced -628.3k -628,342
21 KEYBANK NATIONAL ASSOCIATION/OH 1.08% of their portfolio BROOKLYN, OH 3,708,1503.7m $301.0m $301.0m 1.08% Added +48.0k +47,951
22 COMMONWEALTH EQUITY SERVICES, LLC 0.38% of their portfolio WALTHAM, MA 3,538,2263.5m $287.2m $287.2m 0.38% Added +21.2k +21,175
23 HighTower Advisors, LLC 0.30% of their portfolio CHICAGO, IL 3,390,8053.4m $275.2m $275.2m 0.30% Reduced -119.0k -118,974
24 Cerity Partners LLC 0.39% of their portfolio NEW YORK, NY 3,282,2163.3m $266.4m $266.4m 0.39% Added +153.2k +153,179
25 HRTG GPE, LLC 32.71% of their portfolio WILSON, WY 3,163,6603.2m $256.8m $256.8m 32.71% Unchanged
26 CIBC Private Wealth Group LLC 0.38% of their portfolio ATLANTA, GA 2,735,9762.7m $222.1m $222.1m 0.38% Added +84.5k +84,544
27 Erste Asset Management GmbH 1.76% of their portfolio VIENNA, C4 2,585,6502.6m $209.9m $209.9m 1.76% Added +680.0k +680,000
28 Concurrent Investment Advisors, LLC 2.35% of their portfolio Tampa, FL 2,534,7292.5m $205.7m $205.7m 2.35% Added +2.0m +2,008,288
29 STIFEL FINANCIAL CORP 0.18% of their portfolio ST. LOUIS, MO 2,432,2882.4m $197.4m $197.4m 0.18% Added +19.5k +19,538
30 CAPTRUST FINANCIAL ADVISORS 0.37% of their portfolio RALEIGH, NC 2,410,8552.4m $195.7m $195.7m 0.37% Added +11.0k +11,014
31 Cetera Investment Advisers 0.21% of their portfolio SCHAUMBURG, IL 2,319,5692.3m $188.3m $188.3m 0.21% Added +57.4k +57,391
32 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 2,204,3612.2m $178.9m $178.9m 0.03% Added +245.6k +245,598
33 Proficio Capital Partners LLC 12.12% of their portfolio NEWTON, MA 2,127,0212.1m $172.7m $172.7m 12.12% Reduced -139.6k -139,617
34 CITADEL ADVISORS LLC 0.12% of their portfolio MIAMI, FL 2,108,6072.1m $171.2m $171.2m 0.12% Added +1.2m +1,190,618
35 MML INVESTORS SERVICES, LLC 0.42% of their portfolio SPRINGFIELD, MA 2,106,6722.1m $171.0m $171.0m 0.42% Added +98.3k +98,324
36 OSAIC HOLDINGS, INC. 0.25% of their portfolio SCOTTSDALE, AZ 2,082,2562.1m $169.0m $169.0m 0.25% Added +40.4k +40,422
37 Rockefeller Capital Management L.P. 0.29% of their portfolio NEW YORK, NY 1,999,2382.0m $162.3m $162.3m 0.29% Added +320.7k +320,712
38 CWM, LLC 0.43% of their portfolio OMAHA, NE 1,954,1132.0m $158.6m $158.6m 0.43% Added +57.4k +57,372
39 Silver Point Capital L.P. 7.11% of their portfolio Greenwich, CT 1,945,0001.9m $157.9m $157.9m 7.11% Added +610.0k +610,000
40 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,843,1481.8m $149.6m $149.6m 0.02% Added +249.5k +249,517
41 Packer & Co Ltd 39.55% of their portfolio COTTESLOE, C3 1,830,1001.8m $148.5m $148.5m 39.55% Reduced -320.0k -320,000
42 Arnhold LLC 10.82% of their portfolio New York, NY 1,757,2541.8m $142.6m $142.6m 10.82% Unchanged
43 TOCQUEVILLE ASSET MANAGEMENT L.P. 2.08% of their portfolio New York, NY 1,754,2531.8m $142.4m $142.4m 2.08% Reduced -63.8k -63,839
44 EQUITABLE TRUST CO 6.35% of their portfolio NASHVILLE, TN 1,751,2531.8m $142.1m $142.1m 6.35% Reduced -128.0k -128,046
45 Pennsylvania State University 72.84% of their portfolio University Park, PA 1,731,3321.7m $140.5m $140.5m 72.84% First filing
46 Cresset Asset Management, LLC 0.60% of their portfolio Chicago, IL 1,725,1251.7m $140.0m $140.0m 0.60% Added +32.1k +32,137
47 Envestnet Portfolio Solutions, Inc. 0.49% of their portfolio BERWYN, PA 1,721,4761.7m $139.7m $139.7m 0.49% Added +14.3k +14,324
48 Chevy Chase Trust Holdings, LLC 0.35% of their portfolio BETHESDA, MD 1,611,8221.6m $130.8m $130.8m 0.35% Reduced -78.8k -78,767
49 AlTi Global, Inc. 2.76% of their portfolio NEW YORK, NY 1,588,2441.6m $128.9m $128.9m 2.76% Added +63.2k +63,182
50 MOON CAPITAL MANAGEMENT LP 78.76% of their portfolio NEW YORK, NY 1,559,6041.6m $126.6m $126.6m 78.76% Unchanged
51 PARK AVENUE SECURITIES LLC 1.07% of their portfolio NEW YORK, NY 1,552,9091.6m $126.0m $126.0m 1.07% Reduced -38.1k -38,073
52 GM Advisory Group, LLC 4.86% of their portfolio MELVILLE, NY 1,527,2761.5m $124.0m $124.0m 4.86% Reduced -27.6k -27,595
53 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,469,3481.5m $119.3m $119.3m 0.02% Reduced -93.1k -93,088
54 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 9.04% of their portfolio GRAND BLANC, MI 1,453,4651.5m $118.0m $118.0m 9.04% Added +701.7k +701,697
55 Mariner, LLC 0.14% of their portfolio Overland Park, KS 1,449,6351.4m $117.7m $117.7m 0.14% Added +20.5k +20,540
56 Baird Financial Group, Inc. 0.17% of their portfolio MILWAUKEE, WI 1,375,2561.4m $111.6m $111.6m 0.17% Reduced -13.1k -13,120
57 Janney Montgomery Scott LLC 0.25% of their portfolio PHILADELPHIA, PA 1,368,3981.4m $111.1m $111.1m 0.25% Reduced -2.4k -2,405
58 Corient Private Wealth LP 0.07% of their portfolio MIAMI, FL 1,359,0961.4m $110.3m $110.3m 0.07% Added +647.1k +647,059
59 OneDigital Investment Advisors LLC 1.08% of their portfolio OVERLAND PARK, KS 1,358,5331.4m $110.3m $110.3m 1.08% Reduced -3.9k -3,885
60 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 1,292,8041.3m $104.9m $104.9m 0.03% Added +864.7k +864,741
61 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 1,261,4971.3m $102.4m $102.4m 0.06% Added +48.8k +48,826
62 Allianz SE 1.29% of their portfolio Munich, 2M 1,233,5661.2m $100.1m $100.1m 1.29% Added +46.9k +46,934
63 Dynasty Wealth Management, LLC 0.95% of their portfolio ST. PETERSBURG, FL 1,187,5641.2m $96.4m $96.4m 0.95% Reduced -14.9k -14,885
64 EMORY UNIVERSITY 61.22% of their portfolio ATLANTA, GA 1,184,4691.2m $96.1m $96.1m 61.22% Added +103.5k +103,520
65 FORBES J M & CO LLP 7.78% of their portfolio Boston, MA 1,183,1611.2m $96.0m $96.0m 7.78% Added +5.7k +5,743
66 NewEdge Advisors, LLC 0.35% of their portfolio NEW ORLEANS, LA 1,177,7011.2m $95.6m $95.6m 0.35% Added +8.2k +8,162
67 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 1,174,5201.2m $95.3m $95.3m 0.02% Reduced -61.5k -61,503
68 NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio NEW YORK, NY 1,162,9781.2m $94.4m $94.4m 0.07% Reduced -42.7k -42,700
69 Permanens Capital L.P. 11.88% of their portfolio NEW YORK, NY 1,122,4621.1m $91.1m $91.1m 11.88% Added +232.2k +232,207
70 TWIN FOCUS CAPITAL PARTNERS, LLC 10.35% of their portfolio Boston, MA 1,106,4351.1m $89.8m $89.8m 10.35% Added +58.1k +58,122
71 First Command Advisory Services, Inc. 0.62% of their portfolio FORT WORTH, TX 1,100,7491.1m $89.3m $89.3m 0.62% Reduced -87.4k -87,439
72 Focus Partners Wealth 0.10% of their portfolio ST LOUIS, MO 1,083,4771.1m $87.9m $87.9m 0.10% Added +588.1k +588,133
73 ASSETMARK, INC 0.17% of their portfolio CONCORD, CA 1,044,3131.0m $84.8m $84.8m 0.17% Added +319.2k +319,159
74 Tanglewood Wealth Management, Inc. 7.75% of their portfolio HOUSTON, TX 1,042,0011.0m $84.6m $84.6m 7.75% Reduced -113.0k -112,958
75 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 1,041,4301.0m $84.5m $84.5m 0.03% Added +34.7k +34,693
76 CENTRAL TRUST Co 1.62% of their portfolio JEFFERSON CITY, MO 1,017,2101.0m $82.6m $82.6m 1.62% Reduced -61.5k -61,475
77 Cambridge Investment Research Advisors, Inc. 0.22% of their portfolio FAIRFIELD, IA 1,013,2421.0m $82.2m $82.2m 0.22% Added +12.5k +12,463
78 Sanctuary Advisors, LLC 0.42% of their portfolio INDIANAPOLIS, IN 949,929949.9k $77.1m $77.1m 0.42% Reduced -752.4k -752,397
79 BEACON INVESTMENT ADVISORY SERVICES, INC. 3.07% of their portfolio MORRISTOWN, NJ 926,451926.5k $75.2m $75.2m 3.07% Added +3.0k +3,003
80 National Philanthropic Trust 0.74% of their portfolio Jenkintown, PA 925,981926.0k $75.2m $75.2m 0.74% Added +111.2k +111,221
81 LIFE LINE WEALTH MANAGEMENT LLC 20.00% of their portfolio Beverly Hills, CA 834,406834.4k $67.7m $67.7m 20.00% Added +196.5k +196,475
82 Mirae Asset Global Investments Co., Ltd. 0.19% of their portfolio SEOUL, M5 829,366829.4k $67.3m $67.3m 0.19% Added +97.9k +97,852
83 Circle Wealth Management, LLC 1.02% of their portfolio SUMMIT, NJ 819,093819.1k $66.5m $66.5m 1.02% Unchanged
84 Foundations Investment Advisors, LLC 0.87% of their portfolio PHOENIX, AZ 818,322818.3k $66.4m $66.4m 0.87% Added +2.5k +2,536
85 ANDERSON HOAGLAND & CO 5.71% of their portfolio ST LOUIS, MO 817,382817.4k $66.3m $66.3m 5.71% Added +5.8k +5,783
86 IEQ CAPITAL, LLC 0.20% of their portfolio Foster City, CA 812,610812.6k $66.0m $66.0m 0.20% Added +122.2k +122,227
87 Oxbow Advisors, LLC 5.73% of their portfolio Austin, TX 802,424802.4k $65.1m $65.1m 5.73% Reduced -109.8k -109,755
88 Gotham Asset Management, LLC 0.24% of their portfolio NEW YORK, NY 796,388796.4k $64.6m $64.6m 0.24% Added +516.0k +515,975
89 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 790,808790.8k $64.2m $64.2m 0.05% Reduced -150 -150
90 MERCER GLOBAL ADVISORS INC /ADV 0.10% of their portfolio DENVER, CO 779,157779.2k $63.3m $63.3m 0.10% Added +60.8k +60,788
91 AXXCESS WEALTH MANAGEMENT, LLC 1.12% of their portfolio CARLSBAD, CA 776,549776.5k $63.0m $63.0m 1.12% Reduced -74.3k -74,332
92 VCU Investment Management Co 72.64% of their portfolio RICHMOND, VA 761,798761.8k $61.8m $61.8m 72.64% First filing
93 Capital Asset Advisory Services LLC 2.57% of their portfolio Williamston, MI 754,767754.8k $63.9m $63.9m 2.57% Reduced -77.5k -77,489
94 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 1.00% of their portfolio BOSTON, MA 750,805750.8k $60.9m $60.9m 1.00% Reduced -122.4k -122,435
95 MAI Capital Management 0.35% of their portfolio INDEPENDENCE, OH 747,707747.7k $60.7m $60.7m 0.35% Added +160.3k +160,282
96 Equitable Holdings, Inc. 0.41% of their portfolio NEW YORK, NY 738,586738.6k $60.0m $60.0m 0.41% Added +48.8k +48,753
97 Steward Partners Investment Advisory, LLC 0.33% of their portfolio STAMFORD, CT 732,603732.6k $59.5m $59.5m 0.33% Added +26.4k +26,429
98 EverSource Wealth Advisors, LLC 2.17% of their portfolio BIRMINGHAM, AL 723,987724.0k $58.8m $58.8m 2.17% Reduced -5.3k -5,343
99 CRCM LP 19.74% of their portfolio SAN FRANCISCO, CA 719,722719.7k $58.4m $58.4m 19.74% Added +327.0k +327,042
100 TIAA TRUST, NATIONAL ASSOCIATION 0.14% of their portfolio CHARLOTTE, NC 707,627707.6k $57.4m $57.4m 0.14% Added +40.1k +40,071