Vault-13

ISHARES INC RING

MSCI GBL GOLD MN · ETP · CUSIP 46434G855

240 institutional holders +33 vs Q4 2025
14,528,43514.5m shares reported held*
$1.1bnreported value*
57 new 57 added 85 reduced 19 sold out net bought ≈ $47.6m (+605.8k 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 ($893.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $78.18. Options: 4 managers hold calls ($4.1m notional), 2 hold puts ($655.5k).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 74Q4 22: 90Q1 23: 96Q2 23: 78Q3 23: 65Q4 23: 84Q1 24: 81Q2 24: 93Q3 24: 99Q4 24: 125Q1 25: 138Q2 25: 168Q3 25: 195Q4 25: 207Q1 26: 240240Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025195
Q4 2025207
Q1 2026240

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 35 bought or addedQ2 24: 40 cut or sold outQ3 24: 39 bought or addedQ3 24: 39 cut or sold outQ3 24Q4 24: 74 bought or addedQ4 24: 38 cut or sold outQ1 25: 61 bought or addedQ1 25: 67 cut or sold outQ1 25Q2 25: 90 bought or addedQ2 25: 65 cut or sold outQ3 25: 112 bought or addedQ3 25: 59 cut or sold outQ3 25Q4 25: 113 bought or addedQ4 25: 85 cut or sold outQ1 26: 114 bought or addedQ1 26: 104 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20243540
Q3 20243939
Q4 20247438
Q1 20256167
Q2 20259065
Q3 202511259
Q4 202511385
Q1 2026114104

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ2 25 calls: $297.7kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $2.7mQ3 25 puts: $491.8kQ3 25P/C 0.18Q4 25 calls: $2.4mQ4 25 puts: $854.2kQ4 25P/C 0.35Q1 26 calls: $4.1mQ1 26 puts: $655.5kQ1 26P/C 0.16
Numbers
QuarterCallsPutsP/C
Q2 2025$297.7k$00.00
Q3 2025$2.7m$491.8k0.18
Q4 2025$2.4m$854.2k0.35
Q1 2026$4.1m$655.5k0.16

Biggest buyers

SCHRODER INVESTMENT MANAGEMENT GROUP Added +664,155+664.2k
OLD MISSION CAPITAL LLC Added +166,936+166.9k
BlackRock, Inc. Added +131,549+131.5k
ASSETMARK, INC Added +119,167+119.2k
FLAGSHIP HARBOR ADVISORS, LLC New +105,319+105.3k
WELLS FARGO & COMPANY/MN Added +90,900+90.9k
JANE STREET GROUP, LLC New +87,404+87.4k
Well Done, LLC New +83,060+83.1k
Systelligence, LLC New +72,909+72.9k
ROYAL BANK OF CANADA Added +64,845+64.8k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -128,193-128.2k
MML INVESTORS SERVICES, LLC Reduced -115,320-115.3k
Guardian Partners Inc. Reduced -113,000-113.0k
Allianz Asset Management GmbH Reduced -108,518-108.5k
HighTower Advisors, LLC Reduced -102,413-102.4k
Almanack Investment Partners, LLC. Reduced -94,308-94.3k
Municipal Employees' Retirement System of Michigan Reduced -67,309-67.3k
UBS Group AG Reduced -62,149-62.1k
3EDGE Asset Management, LP Reduced -55,761-55.8k
MORGAN STANLEY Reduced -48,845-48.8k

Biggest calls

CITADEL ADVISORS LLC Added $1.7m21.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.4m17.4k shares
JANE STREET GROUP, LLC Added $655.5k8.3k shares
Belvedere Trading LLC Added $387.0k4.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $608.1k7.7k shares
Belvedere Trading LLC Reduced $47.4k600 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio London, X0 2,155,7902.2m $159.6m $159.6m 0.13% Added +664.2k +664,155
2 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,707,2701.7m $134.8m $134.8m 0.04% Reduced -128.2k -128,193
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,110,9221.1m $87.7m $87.7m 0.00% Added +131.5k +131,549
4 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,017,2721.0m $80.3m $80.3m 0.02% Reduced -26.2k -26,222
5 Municipal Employees' Retirement System of Michigan 0.70% of their portfolio LANSING, MI 776,753776.8k $61.3m $61.3m 0.70% Reduced -67.3k -67,309
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 597,160597.2k $47.2m $47.2m 0.00% Reduced -48.8k -48,845
7 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 460,527460.5k $36.4m $36.4m 0.01% Added +90.9k +90,900
8 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 347,752347.8k $27.5m $27.5m 0.08% Reduced -115.3k -115,320
9 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 333,121333.1k $26.3m $26.3m 0.03% Reduced -108.5k -108,518
10 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 303,365303.4k $24.0m $24.0m 0.03% Reduced -102.4k -102,413
11 Horizon Wealth Management, LLC 3.09% of their portfolio LA GRANGE, IL 266,651266.7k $21.1m $21.1m 3.09% Added +59.8k +59,834
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 259,987260.0k $19.2m $19.2m 0.00% Reduced -5.2k -5,150
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 224,815224.8k $17.8m $17.8m 0.00% Reduced -41.7k -41,667
14 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 198,360198.4k $15.7m $15.7m 0.02% Reduced -9.5k -9,497
15 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 191,286191.3k $15.1m $15.1m 0.01% Added +16.5k +16,496
16 OLD MISSION CAPITAL LLC 0.35% of their portfolio CHICAGO, IL 187,796187.8k $14.8m $14.8m 0.35% Added +166.9k +166,936
17 Proficio Capital Partners LLC 0.75% of their portfolio NEWTON, MA 178,290178.3k $14.1m $14.1m 0.75% Reduced -11.7k -11,703
18 180 WEALTH ADVISORS, LLC 1.54% of their portfolio FEDERAL WAY, WA 171,160171.2k $13.5m $13.5m 1.54% Reduced -989 -989
19 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 145,865145.9k $11.5m $11.5m 0.00% Reduced -31.4k -31,392
20 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 135,481135.5k $10.7m $10.7m 0.01% Reduced -29.9k -29,912
21 SeaBridge Investment Advisors LLC 1.73% of their portfolio SUMMIT, NJ 129,410129.4k $10.2m $10.2m 1.73% Added +10.2k +10,162
22 SYON CAPITAL LLC 0.49% of their portfolio SAN FRANCISCO, CA 122,420122.4k $9.7m $9.7m 0.49% Reduced -42.3k -42,253
23 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 119,286119.3k $9.4m $9.4m 0.02% Added +119.2k +119,167
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 117,770117.8k $9.3m $9.3m 0.00% Added +64.8k +64,845
25 PARK AVENUE SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 115,307115.3k $9.1m $9.1m 0.07% Reduced -7.4k -7,421
26 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 109,182109.2k $8.6m $8.6m 0.00% Added +35.5k +35,458
27 FLAGSHIP HARBOR ADVISORS, LLC 0.37% of their portfolio BOSTON, MA 105,319105.3k $8.3m $8.3m 0.37% New
28 Wealthfront Advisers LLC 0.02% of their portfolio Palo Alto, CA 89,96190.0k $7.1m $7.1m 0.02% Added +14.2k +14,227
29 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 87,40487.4k $6.9m $6.9m 0.01% New
30 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 86,87586.9k $6.9m $6.9m 0.02% Added +3.9k +3,887
31 EFG International AG 0.14% of their portfolio Zurich, V8 85,42985.4k $6.8m $6.8m 0.14% Added +22.8k +22,798
32 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 84,54184.5k $6.7m $6.7m 0.01% Added +32.3k +32,266
33 Well Done, LLC 0.96% of their portfolio HOLLAND, MI 83,06083.1k $6.6m $6.6m 0.96% New
34 Prospera Financial Services Inc 0.10% of their portfolio Dallas, TX 79,31079.3k $6.3m $6.3m 0.10% Reduced -33.3k -33,323
35 Versant Capital Management, Inc 0.62% of their portfolio PHOENIX, AZ 79,22779.2k $6.3m $6.3m 0.62% Added +16.2k +16,207
36 Avid Wealth Partners LLC 2.80% of their portfolio SAN ANTONIO, TX 74,87574.9k $5.9m $5.9m 2.80% Reduced -17.0k -17,013
37 UBS Group AG 0.00% of their portfolio ZURICH, V8 74,64074.6k $5.9m $5.9m 0.00% Reduced -62.1k -62,149
38 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 73,14973.1k $5.8m $5.8m 0.00% Added +6.1k +6,099
39 Systelligence, LLC 1.12% of their portfolio BLOOMINGTON, MN 72,90972.9k $5.8m $5.8m 1.12% New
40 RHS Financial, LLC 2.69% of their portfolio SAN FRANCISCO, CA 72,01772.0k $5.7m $5.7m 2.69% Reduced -2.5k -2,528
41 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 61,91461.9k $4.9m $4.9m 0.01% Reduced -6.3k -6,329
42 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 61,72461.7k $4.6m $4.6m 0.00% Added +21.2k +21,197
43 GTS SECURITIES LLC 0.17% of their portfolio NEW YORK, NY 61,41961.4k $4.9m $4.9m 0.17% Added +39.0k +38,984
44 TD Waterhouse Canada Inc. 0.01% of their portfolio TORONTO, A6 58,51958.5k $4.8m $4.8m 0.01% Added +6.8k +6,755
45 Empowered Funds, LLC 0.03% of their portfolio NEWTOWN SQUARE, PA 57,98958.0k $4.6m $4.6m 0.03% Added +3.7k +3,745
46 Keystone Global Partners, LLC 1.80% of their portfolio DENVER, CO 51,43251.4k $4.1m $4.1m 1.80% Reduced -22.4k -22,435
47 Climber Capital SA 2.22% of their portfolio NYON, V8 43,91043.9k $3.4m $3.4m 2.22% Reduced -15.6k -15,615
48 Guardian Partners Inc. 0.28% of their portfolio TORONTO, Z4 42,00042.0k $3.3m $3.3m 0.28% Reduced -113.0k -113,000
49 Beacon Pointe Advisors, LLC 0.02% of their portfolio NEWPORT BEACH, CA 41,54741.5k $3.3m $3.3m 0.02% Added +4.5k +4,514
50 WBH ADVISORY INC 0.25% of their portfolio BALTIMORE, MD 39,66239.7k $3.3m $3.3m 0.25% Reduced -1.0k -1,038
51 Beverly Hills Private Wealth, LLC 0.50% of their portfolio BEVERLY HILLS, CA 38,32538.3k $3.0m $3.0m 0.50% Reduced -423 -423
52 Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio BERWYN, PA 36,09736.1k $2.9m $2.9m 0.02% Reduced -2.1k -2,120
53 Sequoia Financial Advisors, LLC 0.02% of their portfolio Akron, OH 35,57435.6k $2.8m $2.8m 0.02% Reduced -897 -897
54 Comprehensive Wealth Management, LLC 1.31% of their portfolio LYNNWOOD, WA 32,82632.8k $2.6m $2.6m 1.31% Added +631 +631
55 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 32,52832.5k $2.6m $2.6m 0.00% Reduced -23.8k -23,808
56 Almanack Investment Partners, LLC. 0.43% of their portfolio WAYNE, PA 32,48232.5k $2.6m $2.6m 0.43% Reduced -94.3k -94,308
57 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 30,05530.1k $2.4m $2.4m 0.00% Reduced -22.5k -22,547
58 Trek Financial, LLC 0.12% of their portfolio Scottsdale, AZ 28,87428.9k $2.3m $2.3m 0.12% New
59 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 28,72628.7k $2.3m $2.3m 0.03% Reduced -12.8k -12,776
60 Clearwater Capital Advisors, LLC 0.16% of their portfolio HOFFMAN ESTATES, IL 24,74324.7k $2.0m $2.0m 0.16% Reduced -9.9k -9,904
61 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 22,80922.8k $1.7m $1.7m 0.01% New
62 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 22,49322.5k $1.8m $1.8m 0.01% Added +680 +680
63 Turning Point Benefit Group, Inc. 1.15% of their portfolio FREDERICK, MD 22,25722.3k $1.8m $1.8m 1.15% Reduced -14.6k -14,607
64 Per Stirling Capital Management, LLC. 0.19% of their portfolio AUSTIN, TX 22,01922.0k $1.7m $1.7m 0.19% New
65 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 21,94021.9k $1.7m $1.7m 0.01% Unchanged
66 Williams & Novak, LLC 1.33% of their portfolio WESTLAKE VILLAGE, CA 21,46221.5k $1.8m $1.8m 1.33% Reduced -1.2k -1,178
67 RFG Advisory, LLC 0.03% of their portfolio BIRMINGHAM, AL 21,33721.3k $1.7m $1.7m 0.03% Reduced -1.4k -1,414
68 FIG FINANCIAL ADVISORY SERVICES INC /ADV 1.04% of their portfolio OKLAHOMA CITY, OK 21,13721.1k $1.7m $1.7m 1.04% Reduced -1.0k -1,040
69 Asset One Wealth Management LLC 0.18% of their portfolio BELLEVUE, WA 20,47020.5k $1.6m $1.6m 0.18% Added +116 +116
70 Banque Transatlantique SA 0.04% of their portfolio PARIS, I0 19,68519.7k $1.6m $1.6m 0.04% New
71 Mariner, LLC 0.00% of their portfolio Overland Park, KS 17,67617.7k $1.4m $1.4m 0.00% Reduced -238 -238
72 SouthState Bank Corp 0.06% of their portfolio Winter Haven, FL 17,50817.5k $1.4m $1.4m 0.06% Unchanged
73 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 17,36717.4k $1.4m $1.4m 0.01% Added +2.5k +2,465
74 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 17,34317.3k $1.4m $1.4m 0.01% Added +3.4k +3,419
75 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 17,19317.2k $1.4m $1.4m 0.00% Reduced -28.1k -28,107
76 Sandy Cove Advisors, LLC 0.39% of their portfolio Hingham, MA 16,70016.7k $1.3m $1.3m 0.39% Added +200 +200
77 Moors & Cabot, Inc. 0.06% of their portfolio BOSTON, MA 16,38116.4k $1.3m $1.3m 0.06% Reduced -3.5k -3,545
78 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 16,33216.3k $1.3m $1.3m 0.00% New
79 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 15,55215.6k $1.2m $1.2m 0.00% Added +2.0k +1,958
80 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 14,69414.7k $1.2m $1.2m 0.02% New
81 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 14,64214.6k $1.2m $1.2m 0.01% New
82 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 14,56914.6k $1.2m $1.2m 0.00% Reduced -5.0k -5,042
83 Comprehensive Money Management Services LLC 0.75% of their portfolio CORAL GABLES, FL 14,56314.6k $1.2m $1.2m 0.75% Reduced -3.5k -3,450
84 Focus Partners Advisor Solutions, LLC 0.01% of their portfolio SAINT LOUIS, MO 14,52014.5k $1.1m $1.1m 0.01% New
85 IHT Wealth Management, LLC 0.03% of their portfolio Chicago, IL 14,37914.4k $1.1m $1.1m 0.03% Added +1.6k +1,594
86 J.W. COLE ADVISORS, INC. 0.04% of their portfolio TAMPA, FL 14,30014.3k $1.1m $1.1m 0.04% Added +25 +25
87 Invst, LLC 0.13% of their portfolio INDIANAPOLIS, IN 14,04314.0k $1.1m $1.1m 0.13% Reduced -177 -177
88 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 13,61513.6k $1.1m $1.1m 0.01% Added +9.9k +9,929
89 Pathfinder Wealth Consulting, Inc. 0.68% of their portfolio WILMINGTON, NC 13,36013.4k $1.1m $1.1m 0.68% Unchanged
90 INSIGNEO ADVISORY SERVICES, LLC 0.07% of their portfolio MIAMI, FL 13,03413.0k $1.0m $1.0m 0.07% Added +3.7k +3,733
91 FOUNDERS FINANCIAL SECURITIES LLC 0.06% of their portfolio TOWSON, MD 12,52412.5k $1.1m $1.1m 0.06% Unchanged
92 Gladstone Institutional Advisory LLC 0.04% of their portfolio Bedminster, NJ 12,41012.4k $980.1k $980.1k 0.04% New
93 Berkeley Capital Partners, LLC 0.22% of their portfolio Milton, GA 12,14212.1k $959.0k $959.0k 0.22% Added +109 +109
94 Aspect Partners, LLC 0.37% of their portfolio FAIRFAX, VA 11,31311.3k $893.5k $893.5k 0.37% Unchanged
95 U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio AUSTIN, TX 11,15911.2k $881.3k $881.3k 0.02% Reduced -4.6k -4,562
96 NWAM LLC 0.05% of their portfolio MERCER ISLAND, WA 10,79410.8k $852.5k $852.5k 0.05% Reduced -203 -203
97 3EDGE Asset Management, LP 0.04% of their portfolio Naples, FL 10,77510.8k $814.6k $814.6k 0.04% Reduced -55.8k -55,761
98 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 10,50310.5k $829.6k $829.6k 0.00% Added +8.5k +8,518
99 LifeGoal Investments, LLC 0.48% of their portfolio SARATOGA SPRINGS, NY 10,24210.2k $846.2k $846.2k 0.48% Reduced -30.8k -30,801
100 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 10,14010.1k $800.9k $800.9k 0.00% Added +737 +737