Vault-13

ISHARES INC RING

MSCI GBL GOLD MN · ETP · CUSIP 46434G855

168 institutional holders +30 vs Q1 2025
11,989,30012.0m shares reported held*
$522.8mreported value*
40 new 50 added 51 reduced 14 sold out net sold ≈ $48.9m (-1.1m 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. Holder counts are more reliable. Implied quarter-end price ≈ $43.60. Options: 1 managers hold calls ($297.7k notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 74Q4 22: 90Q1 23: 96Q2 23: 78Q3 23: 65Q4 23: 84Q1 24: 81Q2 24: 93Q3 24: 99Q4 24: 125Q1 25: 138Q2 25: 168168Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202274
Q4 202290
Q1 202396
Q2 202378
Q3 202365
Q4 202384
Q1 202481
Q2 202493
Q3 202499
Q4 2024125
Q1 2025138
Q2 2025168

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 22 bought or addedQ3 23: 45 cut or sold outQ4 23: 41 bought or addedQ4 23: 25 cut or sold outQ4 23Q1 24: 31 bought or addedQ1 24: 36 cut or sold outQ2 24: 35 bought or addedQ2 24: 40 cut or sold outQ2 24Q3 24: 39 bought or addedQ3 24: 39 cut or sold outQ4 24: 74 bought or addedQ4 24: 38 cut or sold outQ4 24Q1 25: 61 bought or addedQ1 25: 67 cut or sold outQ2 25: 90 bought or addedQ2 25: 65 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232245
Q4 20234125
Q1 20243136
Q2 20243540
Q3 20243939
Q4 20247438
Q1 20256167
Q2 20259065

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 24 calls: $973.8kQ3 24 puts: $1.2mQ3 24P/C 1.19Q4 24 calls: $506.0kQ4 24 puts: $53.4kQ4 24P/C 0.11Q1 25 calls: $563.9kQ1 25 puts: $53.7kQ1 25P/C 0.10Q2 25 calls: $297.7kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$973.8k$1.2m1.19
Q4 2024$506.0k$53.4k0.11
Q1 2025$563.9k$53.7k0.10
Q2 2025$297.7k$00.00

Biggest buyers

Allianz Asset Management GmbH Added +275,700+275.7k
JANE STREET GROUP, LLC New +121,795+121.8k
LPL Financial LLC Added +110,404+110.4k
OLD MISSION CAPITAL LLC New +95,083+95.1k
VICTORY CAPITAL MANAGEMENT INC New +88,799+88.8k
Empowered Funds, LLC Added +48,386+48.4k
Thrivent Financial for Lutherans New +39,210+39.2k
Keystone Global Partners, LLC Added +30,727+30.7k
HighTower Advisors, LLC Added +28,637+28.6k
Moors & Cabot, Inc. New +19,201+19.2k

Biggest sellers

SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -917,573-917.6k
Municipal Employees' Retirement System of Michigan Reduced -529,701-529.7k
Guardian Partners Inc. Reduced -319,800-319.8k
ROYAL BANK OF CANADA Reduced -126,179-126.2k
RAYMOND JAMES FINANCIAL INC Reduced -59,749-59.7k
Synergy Asset Management, LLC Sold out -41,716-41.7k
SYON CAPITAL LLC Reduced -33,044-33.0k
Envestnet Portfolio Solutions, Inc. Reduced -26,146-26.1k
Atria Wealth Solutions, Inc. Sold out -25,789-25.8k
Black Swift Group, LLC Sold out -23,450-23.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $297.7k6.8k shares

Biggest puts

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.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,562,0161.6m $68.4m $68.4m 0.02% Reduced -18.1k -18,144
2 Municipal Employees' Retirement System of Michigan 0.72% of their portfolio LANSING, MI 1,372,2101.4m $60.1m $60.1m 0.72% Reduced -529.7k -529,701
3 SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio London, X0 1,216,9851.2m $51.7m $51.7m 0.04% Reduced -917.6k -917,573
4 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 826,193826.2k $36.2m $36.2m 0.01% Added +110.4k +110,404
5 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 654,814654.8k $28.7m $28.7m 0.04% Added +275.7k +275,700
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 585,916585.9k $25.7m $25.7m 0.00% Added +13.7k +13,722
7 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 435,035435.0k $19.0m $19.0m 0.02% Added +28.6k +28,637
8 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 387,035387.0k $16.9m $16.9m 0.05% Reduced -22.3k -22,287
9 Proficio Capital Partners LLC 0.78% of their portfolio NEWTON, MA 287,485287.5k $12.6m $12.6m 0.78% Added +2.9k +2,870
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 247,447247.4k $10.8m $10.8m 0.00% Reduced -13.1k -13,125
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 226,096226.1k $9.9m $9.9m 0.00% Added +8.4k +8,358
12 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 205,089205.1k $9.0m $9.0m 0.02% Added +3.8k +3,839
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 204,176204.2k $8.9m $8.9m 0.00% Reduced -126.2k -126,179
14 SYON CAPITAL LLC 0.56% of their portfolio SAN FRANCISCO, CA 194,047194.0k $8.5m $8.5m 0.56% Reduced -33.0k -33,044
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 177,109177.1k $7.8m $7.8m 0.00% Added +16.4k +16,442
16 180 WEALTH ADVISORS, LLC 1.06% of their portfolio FEDERAL WAY, WA 173,495173.5k $7.6m $7.6m 1.06% Reduced -2.2k -2,151
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 166,760166.8k $7.3m $7.3m 0.00% Added +3.9k +3,946
18 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 161,328161.3k $7.1m $7.1m 0.00% Reduced -59.7k -59,749
19 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 131,640131.6k $5.8m $5.8m 0.00% Added +11.0k +10,978
20 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 121,795121.8k $5.3m $5.3m 0.01% New
21 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 114,229114.2k $5.0m $5.0m 0.02% Added +4.3k +4,321
22 Empowered Funds, LLC 0.06% of their portfolio NEWTOWN SQUARE, PA 111,364111.4k $4.9m $4.9m 0.06% Added +48.4k +48,386
23 PARK AVENUE SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 108,164108.2k $4.7m $4.7m 0.04% Reduced -2.5k -2,477
24 FLAGSHIP HARBOR ADVISORS, LLC 0.22% of their portfolio BOSTON, MA 104,549104.5k $4.6m $4.6m 0.22% Reduced -1.3k -1,270
25 OLD MISSION CAPITAL LLC 0.11% of their portfolio CHICAGO, IL 95,08395.1k $4.2m $4.2m 0.11% New
26 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 88,79988.8k $3.9m $3.9m 0.00% New
27 Avid Wealth Partners LLC 2.12% of their portfolio SAN ANTONIO, TX 84,55584.6k $3.7m $3.7m 2.12% Added +4.7k +4,744
28 TD Waterhouse Canada Inc. 0.02% of their portfolio TORONTO, A6 78,07978.1k $3.4m $3.4m 0.02% Added +9.6k +9,593
29 Versant Capital Management, Inc 0.51% of their portfolio PHOENIX, AZ 76,44076.4k $3.3m $3.3m 0.51% Added +942 +942
30 RHS Financial, LLC 1.79% of their portfolio SAN FRANCISCO, CA 71,93971.9k $3.1m $3.1m 1.79% Added +7.6k +7,556
31 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 68,48768.5k $3.0m $3.0m 0.01% Added +3.4k +3,389
32 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 66,14666.1k $2.9m $2.9m 0.00% Reduced -9.1k -9,102
33 Climber Capital SA 1.36% of their portfolio NYON, V8 64,06564.1k $2.1m $2.1m 1.36% Reduced -520 -520
34 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 61,23461.2k $2.7m $2.7m 0.00% Added +1.6k +1,650
35 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 56,18956.2k $2.5m $2.5m 0.00% Unchanged
36 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 51,96852.0k $2.3m $2.3m 0.00% Added +1.2k +1,169
37 Keystone Global Partners, LLC 1.12% of their portfolio DENVER, CO 46,89246.9k $2.1m $2.1m 1.12% Added +30.7k +30,727
38 Guardian Partners Inc. 0.18% of their portfolio TORONTO, Z4 46,30046.3k $2.0m $2.0m 0.18% Reduced -319.8k -319,800
39 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 45,84745.8k $2.0m $2.0m 0.00% Added +4.9k +4,886
40 Family Firm, Inc. 0.47% of their portfolio BETHESDA, MD 44,65544.7k $2.0m $2.0m 0.47% Reduced -505 -505
41 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 39,21039.2k $1.7m $1.7m 0.00% New
42 3EDGE Asset Management, LP 0.10% of their portfolio Naples, FL 39,04839.0k $1.7m $1.7m 0.10% Added +9.7k +9,748
43 Beverly Hills Private Wealth, LLC 0.31% of their portfolio BEVERLY HILLS, CA 38,29838.3k $1.7m $1.7m 0.31% Reduced -2.6k -2,630
44 Clearwater Capital Advisors, LLC 0.15% of their portfolio HOFFMAN ESTATES, IL 37,56337.6k $1.6m $1.6m 0.15% Reduced -12.9k -12,912
45 Sequoia Financial Advisors, LLC 0.01% of their portfolio Akron, OH 36,11036.1k $1.6m $1.6m 0.01% Added +1.3k +1,342
46 Gainplan LLC 0.70% of their portfolio BLOOMFIELD HILLS, MI 35,17335.2k $1.5m $1.5m 0.70% Reduced -22.3k -22,335
47 WBH ADVISORY INC 0.13% of their portfolio BALTIMORE, MD 34,21834.2k $1.5m $1.5m 0.13% Reduced -1.4k -1,352
48 LifeGoal Investments, LLC 1.42% of their portfolio SARATOGA SPRINGS, NY 34,14034.1k $1.5m $1.5m 1.42% Added +3.0k +3,019
49 MANCHESTER FINANCIAL INC 0.31% of their portfolio Westlake Village, CA 33,84933.8k $1.5m $1.5m 0.31% Added +12.1k +12,134
50 Comprehensive Wealth Management, LLC 1.17% of their portfolio LYNNWOOD, WA 33,04833.0k $1.4m $1.4m 1.17% Added +6.1k +6,104
51 FIG FINANCIAL ADVISORY SERVICES INC /ADV 0.91% of their portfolio OKLAHOMA CITY, OK 31,26131.3k $1.4m $1.4m 0.91% Reduced -6.1k -6,113
52 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 29,72229.7k $1.3m $1.3m 0.00% Reduced -26.1k -26,146
53 Williams & Novak, LLC 1.02% of their portfolio WESTLAKE VILLAGE, CA 27,40227.4k $1.2m $1.2m 1.02% Reduced -11.5k -11,487
54 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 24,28124.3k $1.1m $1.1m 0.02% Added +2.1k +2,083
55 Turning Point Benefit Group, Inc. 0.78% of their portfolio FREDERICK, MD 23,48523.5k $1.0m $1.0m 0.78% Added +926 +926
56 Comprehensive Money Management Services LLC 0.74% of their portfolio CORAL GABLES, FL 22,17522.2k $970.8k $970.8k 0.74% Reduced -639 -639
57 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 21,94021.9k $960.5k $960.5k 0.00% Reduced -1.0k -1,000
58 Almanack Investment Partners, LLC. 0.14% of their portfolio WAYNE, PA 20,66920.7k $904.9k $904.9k 0.14% Added +4.1k +4,096
59 Moors & Cabot, Inc. 0.04% of their portfolio BOSTON, MA 19,20119.2k $840.6k $840.6k 0.04% New
60 Financial Enhancement Group LLC 0.12% of their portfolio ANDERSON, IN 18,30218.3k $808.0k $808.0k 0.12% Reduced -837 -837
61 SouthState Bank Corp 0.03% of their portfolio Winter Haven, FL 17,50817.5k $766.5k $766.5k 0.03% Unchanged
62 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 17,50717.5k $766.5k $766.5k 0.00% Reduced -2.2k -2,220
63 GPS Wealth Strategies Group, LLC 0.09% of their portfolio CENTENNIAL, CO 16,91916.9k $740.7k $740.7k 0.09% Added +12.8k +12,849
64 Sandy Cove Advisors, LLC 0.26% of their portfolio Hingham, MA 16,50016.5k $722.4k $722.4k 0.26% Unchanged
65 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 16,05816.1k $703.0k $703.0k 0.00% Added +4.8k +4,768
66 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 15,37615.4k $673.2k $673.2k 0.00% Reduced -830 -830
67 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 14,79914.8k $629.0k $629.0k 0.00% Added +4.1k +4,142
68 PRUDENTIAL PLC 0.00% of their portfolio LONDON, X0 14,05014.1k $615.1k $615.1k 0.00% Reduced -3.3k -3,310
69 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.13% of their portfolio LEAWOOD, KS 13,48913.5k $590.5k $590.5k 0.13% New
70 Freedom Investment Management, Inc. 0.05% of their portfolio SOUTH WINDSOR, CT 13,43213.4k $588.1k $588.1k 0.05% Reduced -506 -506
71 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 13,14013.1k $575.3k $575.3k 0.01% New
72 Secure Asset Management, LLC 0.10% of their portfolio Troy, MI 12,30512.3k $538.7k $538.7k 0.10% New
73 Berkeley Capital Partners, LLC 0.14% of their portfolio Milton, GA 12,23712.2k $535.7k $535.7k 0.14% Added +4.8k +4,848
74 Invst, LLC 0.07% of their portfolio INDIANAPOLIS, IN 12,21312.2k $534.7k $534.7k 0.07% Added +1.2k +1,190
75 FOUNDERS FINANCIAL SECURITIES LLC 0.04% of their portfolio TOWSON, MD 12,19212.2k $533.8k $533.8k 0.04% Reduced -300 -300
76 Tactive Advisors, LLC 0.17% of their portfolio Jacksonville, FL 11,89111.9k $520.6k $520.6k 0.17% First filing
77 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 11,84511.8k $518.6k $518.6k 0.01% New
78 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 11,77411.8k $515.5k $515.5k 0.00% New
79 NWAM LLC 0.03% of their portfolio MERCER ISLAND, WA 11,52911.5k $504.1k $504.1k 0.03% Reduced -420 -420
80 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 11,32411.3k $495.7k $495.7k 0.01% New
81 Aspect Partners, LLC 0.24% of their portfolio FAIRFAX, VA 11,31311.3k $495.3k $495.3k 0.24% Unchanged
82 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 11,07111.1k $484.7k $484.7k 0.00% Added +267 +267
83 Per Stirling Capital Management, LLC. 0.06% of their portfolio AUSTIN, TX 10,75010.8k $470.6k $470.6k 0.06% New
84 DENALI ADVISORS LLC 0.05% of their portfolio SAN DIEGO, CA 10,48110.5k $458.9k $458.9k 0.05% Reduced -42 -42
85 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 9,8759.9k $432.3k $432.3k 0.01% Added +375 +375
86 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 9,4789.5k $415.0k $415.0k 0.01% Reduced -529 -529
87 Mariner, LLC 0.00% of their portfolio Overland Park, KS 9,3169.3k $407.9k $407.9k 0.00% Added +1.6k +1,612
88 AlphaStar Capital Management, LLC 0.03% of their portfolio CORNELIUS, NC 8,8788.9k $388.7k $388.7k 0.03% Unchanged
89 SMITH, MOORE & CO. 0.03% of their portfolio CLAYTON, MO 8,8368.8k $386.8k $386.8k 0.03% Unchanged
90 Regal Investment Advisors LLC 0.03% of their portfolio KENTWOOD, MI 8,3858.4k $367.1k $367.1k 0.03% Reduced -552 -552
91 NFSG Corp 0.05% of their portfolio BOCA RATON, FL 7,4477.4k $326.0k $326.0k 0.05% New
92 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 7,4477.4k $326.0k $326.0k 0.01% New
93 Magnus Financial Group LLC 0.03% of their portfolio NEW YORK, NY 7,3517.4k $321.8k $321.8k 0.03% Reduced -1.0k -1,018
94 Crestmont Private Wealth LLC 0.11% of their portfolio HOUSTON, TX 7,2467.2k $317.2k $317.2k 0.11% Reduced -189 -189
95 Portfolio Strategies, Inc. 0.04% of their portfolio MONTVALE, NJ 6,9977.0k $306.3k $306.3k 0.04% New
96 Amundi 0.00% of their portfolio Paris, I0 6,8006.8k $301.3k $301.3k 0.00% New
97 SILVERLAKE WEALTH MANAGEMENT LLC 0.09% of their portfolio WILLISTON, VT 6,7886.8k $297.2k $297.2k 0.09% Reduced -154 -154
98 WEALTHGARDEN F.S. LLC 0.23% of their portfolio EL SEGUNDO, CA 6,2966.3k $275.3k $275.3k 0.23% Reduced -384 -384
99 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,9676.0k $261.2k $261.2k 0.00% Reduced -3.0k -3,030
100 Valued Retirements, Inc. 0.29% of their portfolio HOUSTON, TX 5,8005.8k $253.9k $253.9k 0.29% Unchanged