Vault-13

ISHARES S&P GSCI COMMODITY- GSG

UNIT BEN INT · ETP · CUSIP 46428R107

122 institutional holders -8 vs Q1 2025
27,355,07027.4m shares reported held*
$603.1mreported value*
9 new 24 added 40 reduced 17 sold out net sold ≈ $33.1m (-1.5m 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 ($535.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.05. Options: 5 managers hold calls ($751.5k notional), 2 hold puts ($2.0k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 168Q4 22: 162Q1 23: 142Q2 23: 136Q3 23: 151Q4 23: 139Q1 24: 138Q2 24: 151Q3 24: 128Q4 24: 129Q1 25: 130Q2 25: 122122Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022168
Q4 2022162
Q1 2023142
Q2 2023136
Q3 2023151
Q4 2023139
Q1 2024138
Q2 2024151
Q3 2024128
Q4 2024129
Q1 2025130
Q2 2025122

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 46 bought or addedQ3 23: 70 cut or sold outQ4 23: 50 bought or addedQ4 23: 73 cut or sold outQ4 23Q1 24: 47 bought or addedQ1 24: 63 cut or sold outQ2 24: 53 bought or addedQ2 24: 60 cut or sold outQ2 24Q3 24: 32 bought or addedQ3 24: 74 cut or sold outQ4 24: 41 bought or addedQ4 24: 59 cut or sold outQ4 24Q1 25: 46 bought or addedQ1 25: 49 cut or sold outQ2 25: 33 bought or addedQ2 25: 57 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234670
Q4 20235073
Q1 20244763
Q2 20245360
Q3 20243274
Q4 20244159
Q1 20254649
Q2 20253357

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 24 calls: $1.1mQ3 24 puts: $604.3kQ3 24P/C 0.54Q4 24 calls: $1.9mQ4 24 puts: $727.5kQ4 24P/C 0.39Q1 25 calls: $3.3mQ1 25 puts: $56.9kQ1 25P/C 0.02Q2 25 calls: $751.5kQ2 25 puts: $2.0kQ2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$1.1m$604.3k0.54
Q4 2024$1.9m$727.5k0.39
Q1 2025$3.3m$56.9k0.02
Q2 2025$751.5k$2.0k0.00

Biggest buyers

BlackRock, Inc. Added +1,139,844+1.1m
USA FINANCIAL FORMULAS New +1,009,519+1.0m
Quadrature Capital Ltd Added +291,803+291.8k
WASHINGTON GROWTH STRATEGIES LLC Added +135,896+135.9k
Quent Capital, LLC Added +122,266+122.3k
ROYAL BANK OF CANADA Added +48,839+48.8k
CITADEL ADVISORS LLC New +45,188+45.2k
M Holdings Securities, Inc. Added +42,543+42.5k
BNP PARIBAS FINANCIAL MARKETS Added +34,218+34.2k
STIFEL FINANCIAL CORP Added +30,387+30.4k

Biggest sellers

SUMITOMO LIFE INSURANCE CO Sold out -2,208,431-2.2m
JPMORGAN CHASE & CO Reduced -595,736-595.7k
DEUTSCHE BANK AG\ Reduced -486,654-486.7k
JANE STREET GROUP, LLC Reduced -223,729-223.7k
WELLS FARGO & COMPANY/MN Reduced -190,084-190.1k
BANK OF AMERICA CORP /DE/ Reduced -76,777-76.8k
AMERIPRISE FINANCIAL INC Reduced -73,724-73.7k
STATE STREET CORP Reduced -62,700-62.7k
GOLDMAN SACHS GROUP INC Reduced -61,628-61.6k
Bank of New York Mellon Corp Reduced -53,494-53.5k

Biggest calls

CITADEL ADVISORS LLC Added $427.6k19.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $277.7k12.6k shares
GROUP ONE TRADING LLC Unchanged $24.2k1.1k shares
SIMPLEX TRADING, LLC Added $22.0k1.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SIMPLEX TRADING, LLC New $2.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock Portfolio Management LLC 13G · institution -1.0 pts · filed 2026-10-27 9.4% -1.0 pts 2.7m≈ $77.3m 2026-10-27

Insider purchases and sales in Q2 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 Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.01% of their portfolio New York, NY 18,508,25518.5m $407.9m $407.9m 0.01% Added +1.1m +1,139,844
2 USA FINANCIAL FORMULAS 3.80% of their portfolio ADA, MI 1,009,5191.0m $22.2m $22.2m 3.80% New
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 917,140917.1k $20.2m $20.2m 0.00% Reduced -6.5k -6,475
4 STRATEGIC INVESTMENT MANAGEMENT, LLC 10.32% of their portfolio ARLINGTON, VA 873,720873.7k $19.3m $19.3m 10.32% Unchanged
5 Quent Capital, LLC 1.44% of their portfolio NEW YORK, NY 676,447676.4k $14.9m $14.9m 1.44% Added +122.3k +122,266
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 456,125456.1k $10.1m $10.1m 0.00% Reduced -76.8k -76,777
7 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 362,009362.0k $8.0m $8.0m 0.00% Reduced -190.1k -190,084
8 Quadrature Capital Ltd 0.14% of their portfolio LONDON, X0 360,943360.9k $8.0m $8.0m 0.14% Added +291.8k +291,803
9 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 311,479311.5k $6.9m $6.9m 0.00% Reduced -486.7k -486,654
10 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 208,970209.0k $4.6m $4.6m 0.00% Reduced -61.6k -61,628
11 Inscription Capital, LLC 0.63% of their portfolio HOUSTON, TX 199,182199.2k $4.4m $4.4m 0.63% Reduced -43.1k -43,070
12 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 198,992199.0k $4.4m $4.4m 0.01% Reduced -14.4k -14,400
13 RED CEDAR INVESTMENT MANAGEMENT, LLC 0.51% of their portfolio GRAND RAPIDS, MI 184,379184.4k $4.1m $4.1m 0.51% Unchanged
14 DT Investment Partners, LLC 0.34% of their portfolio CHADDS FORD, PA 172,885172.9k $3.8m $3.8m 0.34% Added +8.2k +8,200
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 141,256141.3k $3.1m $3.1m 0.00% Reduced -53.5k -53,494
16 Sovran Advisors, LLC 0.32% of their portfolio SAN DIEGO, CA 136,380136.4k $3.1m $3.1m 0.32% Reduced -4.6k -4,607
17 WASHINGTON GROWTH STRATEGIES LLC 2.29% of their portfolio WASHINGTON, DC 135,919135.9k $3.0m $3.0m 2.29% Added +135.9k +135,896
18 M Holdings Securities, Inc. 0.50% of their portfolio PORTLAND, OR 132,290132.3k $2.9m $2.9m 0.50% Added +42.5k +42,543
19 Empirical Asset Management, LLC 0.78% of their portfolio WELLESLEY, MA 114,908114.9k $2.5m $2.5m 0.78% Added +4.5k +4,524
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 103,784103.8k $2.3m $2.3m 0.00% Added +48.8k +48,839
21 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 98,59998.6k $2.2m $2.2m 0.00% Reduced -73.7k -73,724
22 MONECO ADVISORS, LLC 0.20% of their portfolio FAIRFIELD, CT 95,64895.6k $2.1m $2.1m 0.20% Added +210 +210
23 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 85,96586.0k $1.9m $1.9m 0.00% Reduced -2.3k -2,340
24 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 75,09175.1k $1.7m $1.7m 0.00% Reduced -23.3k -23,317
25 PATTON FUND MANAGEMENT, INC. 0.34% of their portfolio New York, NY 69,45469.5k $1.5m $1.5m 0.34% Reduced -1.3k -1,281
26 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 66,90066.9k $1.5m $1.5m 0.00% Reduced -62.7k -62,700
27 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 65,95466.0k $1.5m $1.5m 0.00% Added +27.2k +27,217
28 Prospera Financial Services Inc 0.03% of their portfolio Dallas, TX 64,53164.5k $1.4m $1.4m 0.03% Reduced -484 -484
29 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 60,80160.8k $1.3m $1.3m 0.00% Added +30.4k +30,387
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 57,23857.2k $1.3m $1.3m 0.00% Reduced -9.8k -9,760
31 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 56,76356.8k $1.3m $1.3m 0.00% Added +20.5k +20,509
32 PINNACLE ASSOCIATES LTD 0.02% of their portfolio NEW YORK, NY 55,30155.3k $1.2m $1.2m 0.02% Unchanged
33 Pinnacle Wealth Management Advisory Group, LLC 0.10% of their portfolio RED BANK, NJ 55,00055.0k $1.2m $1.2m 0.10% Unchanged
34 PFG Investments, LLC 0.07% of their portfolio WOODBURY, NY 53,11253.1k $1.2m $1.2m 0.07% Added +489 +489
35 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 47,94847.9k $1.1m $1.1m 0.00% Reduced -26.1k -26,070
36 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 47,81747.8k $1.1m $1.1m 0.02% Reduced -50 -50
37 Evanson Asset Management, LLC 0.06% of their portfolio CARMEL, CA 47,34747.3k $1.0m $1.0m 0.06% Unchanged
38 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 45,18845.2k $995.9k $995.9k 0.00% New
39 OneAscent Financial Services LLC 0.07% of their portfolio BIRMINGHAM, AL 44,77844.8k $992.0k $992.0k 0.07% Reduced -16.5k -16,504
40 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 44,54944.5k $981.9k $981.9k 0.00% Reduced -48.1k -48,098
41 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 42,81742.8k $943.7k $943.7k 0.00% Reduced -27.2k -27,157
42 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 41,26241.3k $909.4k $909.4k 0.00% Reduced -7.2k -7,199
43 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 40,48440.5k $892.3k $892.3k 0.00% Reduced -3.9k -3,859
44 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 38,90138.9k $857.4k $857.4k 0.00% Reduced -10.7k -10,740
45 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 37,27137.3k $821.5k $821.5k 0.00% Reduced -224 -224
46 Moors & Cabot, Inc. 0.04% of their portfolio BOSTON, MA 36,97237.0k $814.9k $814.9k 0.04% Reduced -1.2k -1,235
47 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 35,49135.5k $782.2k $782.2k 0.00% Reduced -223.7k -223,729
48 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 34,33034.3k $756.6k $756.6k 0.00% Added +34.2k +34,218
49 Mariner, LLC 0.00% of their portfolio Overland Park, KS 33,06433.1k $728.7k $728.7k 0.00% Reduced -13.6k -13,582
50 Wealth Advisory Solutions, LLC 0.17% of their portfolio ZIONSVILLE, IN 29,97030.0k $660.5k $660.5k 0.17% Added +364 +364
51 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 28,38128.4k $625.5k $625.5k 0.00% Reduced -595.7k -595,736
52 F/m Investments LLC 0.02% of their portfolio WASHINGTON, DC 26,16626.2k $576.7k $576.7k 0.02% Unchanged
53 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 25,40025.4k $559.8k $559.8k 0.01% Unchanged
54 Avestar Capital, LLC 0.04% of their portfolio New York, NY 25,25025.2k $556.5k $556.5k 0.04% Unchanged
55 Aspect Partners, LLC 0.26% of their portfolio FAIRFAX, VA 23,79523.8k $524.4k $524.4k 0.26% New
56 Chandler Asset Management, Inc. 0.09% of their portfolio SAN DIEGO, CA 23,59523.6k $520.0k $520.0k 0.09% Unchanged
57 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 22,69522.7k $500.2k $500.2k 0.00% Added +1.8k +1,752
58 STONEHAVEN WEALTH & TAX SOLUTIONS, LLC 0.42% of their portfolio APPLETON, WI 19,40219.4k $427.6k $427.6k 0.42% Reduced -190 -190
59 Southeast Asset Advisors, LLC 0.05% of their portfolio THOMASVILLE, GA 18,51418.5k $408.0k $408.0k 0.05% Added +4.5k +4,451
60 Sierra Capital LLC 0.05% of their portfolio MIAMI, FL 18,09818.1k $399.0k $399.0k 0.05% Reduced -3.5k -3,550
61 CW Advisors, LLC 0.00% of their portfolio BOSTON, MA 17,93017.9k $395.2k $395.2k 0.00% Unchanged
62 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 17,07617.1k $376.4k $376.4k 0.00% Reduced -49.5k -49,548
63 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 16,58616.6k $365.6k $365.6k 0.01% Unchanged
64 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 16,30316.3k $359.3k $359.3k 0.00% Added +4.2k +4,177
65 First National Trust Co 0.01% of their portfolio Johnstown, PA 15,47615.5k $341.1k $341.1k 0.01% Added +476 +476
66 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 14,63414.6k $322.5k $322.5k 0.00% Added +1.0k +1,013
67 BANK OF NOVA SCOTIA 0.00% of their portfolio TORONTO, A6 14,24014.2k $313.9k $313.9k 0.00% Unchanged
68 GW&K Investment Management, LLC 0.00% of their portfolio BOSTON, MA 14,00014.0k $309.0k $309.0k 0.00% Unchanged
69 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 12,93212.9k $285.0k $285.0k 0.00% New
70 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,42212.4k $274.0k $274.0k 0.00% Reduced -2.9k -2,893
71 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 12,22112.2k $269.4k $269.4k 0.00% Reduced -153 -153
72 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 12,09012.1k $266.5k $266.5k 0.00% New
73 AlphaCore Capital LLC 0.01% of their portfolio LA JOLLA, CA 11,34811.3k $250.1k $250.1k 0.01% Unchanged
74 BOS Asset Management, LLC 0.08% of their portfolio SPRINGFIELD, IL 11,33011.3k $249.7k $249.7k 0.08% Unchanged
75 Fifth Third Securities, Inc. 0.02% of their portfolio Cincinnati, OH 10,78310.8k $237.7k $237.7k 0.02% Added +1.8k +1,764
76 Aurdan Capital Management, LLC 0.08% of their portfolio Wayne, PA 10,55010.6k $232.5k $232.5k 0.08% Unchanged
77 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,48310.5k $231.0k $231.0k 0.00% Reduced -1.3k -1,334
78 Krilogy Financial LLC 0.01% of their portfolio ST. LOUIS, MO 10,21010.2k $225.0k $225.0k 0.01% Reduced -3.5k -3,510
79 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 9,6309.6k $212.2k $212.2k 0.00% Unchanged
80 Capstone Financial Advisors, Inc. 0.01% of their portfolio DOWNERS GROVE, IL 9,6009.6k $211.6k $211.6k 0.01% Unchanged
81 DAVIS R M INC 0.00% of their portfolio PORTLAND, ME 9,1509.2k $201.7k $201.7k 0.00% Unchanged
82 Breakwater Investment Management 0.07% of their portfolio SEATTLE, WA 8,4938.5k $187.2k $187.2k 0.07% Reduced -11.4k -11,392
83 Essential Partners LLC 0.06% of their portfolio RANCHO SANTA FE, CA 6,8306.8k $150.5k $150.5k 0.06% First filing
84 COMERICA BANK 0.00% of their portfolio DALLAS, TX 6,3836.4k $140.7k $140.7k 0.00% Unchanged
85 Arlington Trust Co LLC 0.03% of their portfolio BIRMINGHAM, AL 6,2506.2k $137.8k $137.8k 0.03% Unchanged
86 Private Wealth Asset Management, LLC 0.01% of their portfolio OMAHA, NE 5,0005.0k $110.2k $110.2k 0.01% Unchanged
87 Golden State Wealth Management, LLC 0.01% of their portfolio SANTA ANA, CA 3,4093.4k $75.1k $75.1k 0.01% Reduced -870 -870
88 Cordant, Inc. 0.03% of their portfolio PORTLAND, OR 3,0583.1k $67.4k $67.4k 0.03% Unchanged
89 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 2,3312.3k $50.7k $50.7k 0.00% Unchanged
90 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 2,1722.2k $47.0k $47.0k 0.00% Added +12 +12
91 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2,1702.2k $47.8k $47.8k 0.00% Unchanged
92 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 1,8521.9k $40.8k $40.8k 0.00% New
93 Gould Capital, LLC 0.03% of their portfolio TACOMA, WA 1,7711.8k $39.0k $39.0k 0.03% Reduced -35 -35
94 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,7531.8k $38.6k $38.6k 0.00% Unchanged
95 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 1,7021.7k $37.5k $37.5k 0.00% Reduced -250 -250
96 HIGHLINE WEALTH PARTNERS LLC 0.01% of their portfolio SHERMAN OAKS, CA 1,7001.7k $37.5k $37.5k 0.01% Unchanged
97 Headlands Technologies LLC 0.00% of their portfolio CHICAGO, IL 1,5711.6k $34.6k $34.6k 0.00% New
98 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 1,5001.5k $33.1k $33.1k 0.00% Unchanged
99 Strengthening Families & Communities, LLC 0.01% of their portfolio BOSTON, MA 1,1741.2k $25.9k $25.9k 0.01% New
100 Asset Dedication, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,1251.1k $24.8k $24.8k 0.00% Unchanged