Vault-13

SPDR GOLD TR GLD

GOLD SHS · ETP · CUSIP 78463V107 · ISIN US78463V1070

Exchange-traded fund

1,832 institutional holders +70 vs Q3 2022
123,387,771123.4m shares reported held*
$20.9bnreported value*
129 new 437 added 781 reduced 124 sold out net bought ≈ $448.5m (+2.6m 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 ($45.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $169.40. Options: 82 managers hold calls ($18.9bn notional), 56 hold puts ($11.0bn).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,762Q4 22: 1,8321,832Q3 22Q4 22
Numbers
QuarterHolders
Q3 20221,762
Q4 20221,832

Calls vs puts

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

CallsPuts
$0$10bn$20bn$30bnQ3 22 calls: $20.1bnQ3 22 puts: $10.7bnQ3 22P/C 0.53Q4 22 calls: $18.9bnQ4 22 puts: $11.0bnQ4 22P/C 0.58
Numbers
QuarterCallsPutsP/C
Q3 2022$20.1bn$10.7bn0.53
Q4 2022$18.9bn$11.0bn0.58

Biggest buyers

JANE STREET GROUP, LLC Added +5,844,523+5.8m
GOLDMAN SACHS GROUP INC Added +702,492+702.5k
Fullerton Fund Management Co Ltd. Added +609,469+609.5k
UBS Group AG Added +454,903+454.9k
NATIONAL BANK OF CANADA /FI/ Added +434,764+434.8k
BAILARD, INC. Added +417,366+417.4k
MILLENNIUM MANAGEMENT LLC Added +371,040+371.0k
CITADEL ADVISORS LLC Added +332,384+332.4k
CTC LLC Added +322,912+322.9k
Squarepoint Ops LLC Added +251,200+251.2k

Biggest sellers

TD Asset Management Inc Reduced -1,187,579-1.2m
BlueCrest Capital Management Ltd Sold out -1,084,445-1.1m
BANK OF AMERICA CORP /DE/ Reduced -944,800-944.8k
First Eagle Investment Management, LLC Reduced -905,693-905.7k
MORGAN STANLEY Reduced -489,773-489.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -439,531-439.5k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -423,000-423.0k
ROYAL BANK OF CANADA Reduced -359,387-359.4k
HRT FINANCIAL LP Reduced -327,147-327.1k
SIMPLEX TRADING, LLC Sold out -287,272-287.3k

Biggest calls

CTC LLC Reduced $2.3bn137.3k shares
JPMORGAN CHASE & CO Reduced $2.3bn13.6m shares
Optiver Holding B.V. Added $1.9bn11.2m shares
BANK OF AMERICA CORP /DE/ Added $1.3bn7.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1bn6.7m shares
CITADEL ADVISORS LLC Added $1.0bn6.2m shares
JANE STREET GROUP, LLC Reduced $982.2m5.8m shares
DRW Securities, LLC First filing $967.6m5.7m shares
CITIGROUP INC Reduced $916.0m5.4m shares
UBS Group AG Reduced $767.6m4.5m shares

Biggest puts

JPMORGAN CHASE & CO Added $2.3bn13.6m shares
Optiver Holding B.V. Added $1.0bn5.9m shares
CTC LLC Reduced $1.0bn59.1k shares
Twin Tree Management, LP Reduced $689.6m4.1m shares
DRW Securities, LLC First filing $640.3m3.8m shares
Maple Rock Capital Partners Inc. New $593.7m3.5m shares
CITIGROUP INC Added $566.6m3.3m shares
Parallax Volatility Advisers, L.P. Reduced $422.2m2.5m shares
UBS Group AG Reduced $389.6m2.3m shares
CITADEL ADVISORS LLC Reduced $373.9m2.2m 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 2022

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 2022.

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.23% of their portfolio CHARLOTTE, NC 10,984,83911.0m $1.9bn $1.9bn 0.23% Reduced -944.8k -944,800
2 MORGAN STANLEY 0.21% of their portfolio NEW YORK, NY 10,945,98410.9m $1.9bn $1.9bn 0.21% Reduced -489.8k -489,773
3 JANE STREET GROUP, LLC 1.95% of their portfolio NEW YORK, NY 6,099,5526.1m $1.0bn $1.0bn 1.95% Added +5.8m +5,844,523
4 UBS Group AG 0.38% of their portfolio ZURICH, V8 4,699,8754.7m $797.3m $797.3m 0.38% Added +454.9k +454,903
5 WELLS FARGO & COMPANY/MN 0.21% of their portfolio SAN FRANCISCO, CA 3,960,6284.0m $671.9m $671.9m 0.21% Reduced -63.4k -63,430
6 TORONTO DOMINION BANK 0.76% of their portfolio TORONTO, ONTARIO, A6 3,007,3293.0m $508.6m $508.6m 0.76% Reduced -87.8k -87,810
7 First Eagle Investment Management, LLC 1.38% of their portfolio NEW YORK, NY 2,962,7263.0m $500.0m $500.0m 1.38% Reduced -905.7k -905,693
8 LPL Financial LLC 0.37% of their portfolio FORT MILL, SC 2,546,2092.5m $431.9m $431.9m 0.37% Added +88.6k +88,556
9 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 1,966,5242.0m $333.6m $333.6m 0.10% Added +702.5k +702,492
10 HighTower Advisors, LLC 0.71% of their portfolio CHICAGO, IL 1,818,5011.8m $308.5m $308.5m 0.71% Added +127.1k +127,110
11 WealthNavi Inc. 5.34% of their portfolio Shinagawa-ku, TOKYO, M0 1,681,7011.7m $285.3m $285.3m 5.34% Reduced -41.8k -41,773
12 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 1,603,9561.6m $272.1m $272.1m 0.08% Reduced -359.4k -359,387
13 MACKENZIE FINANCIAL CORP 0.45% of their portfolio TORONTO ONTARIO, A6 1,571,9841.6m $266.7m $266.7m 0.45% Reduced -127.6k -127,569
14 Mizuho Bank, Ltd. 38.92% of their portfolio TOKYO, M0 1,500,0001.5m $254.5m $254.5m 38.92% Unchanged
15 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 1,324,4621.3m $225.5m $225.5m 0.08% Reduced -28.7k -28,739
16 Comprehensive Financial Management LLC 7.05% of their portfolio Los Gatos, CA 1,289,7541.3m $218.8m $218.8m 7.05% Unchanged
17 Bridgewater Associates, LP 1.14% of their portfolio Westport, CT 1,226,9731.2m $208.1m $208.1m 1.14% Reduced -75.3k -75,257
18 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 1,187,6191.2m $201.5m $201.5m 0.10% Reduced -30.3k -30,315
19 Orbis Allan Gray Ltd 1.38% of their portfolio HamiltoN, D0 1,024,3341.0m $173.8m $173.8m 1.38% Added +53.1k +53,108
20 SYNOVUS FINANCIAL CORP 1.94% of their portfolio Columbus, GA 1,000,4501.0m $169.7m $169.7m 1.94% Reduced -8.9k -8,937
21 OSAIC HOLDINGS, INC. 0.34% of their portfolio SCOTTSDALE, AZ 978,771978.8k $166.0m $166.0m 0.34% Added +164.3k +164,256
22 Raymond James Financial Services Advisors, Inc. 0.31% of their portfolio ST. PETERSBURG, FL 923,204923.2k $156.6m $156.6m 0.31% Reduced -64.5k -64,483
23 Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio CHIYODA-KU, TOKYO, M0 909,980910.0k $154.4m $154.4m 0.12% Added +203.0k +203,030
24 STIFEL FINANCIAL CORP 0.23% of their portfolio ST. LOUIS, MO 898,292898.3k $152.4m $152.4m 0.23% Reduced -177.5k -177,499
25 COMMONWEALTH EQUITY SERVICES, LLC 0.36% of their portfolio WALTHAM, MA 888,410888.4k $150.7m $150.7m 0.36% Reduced -36.9k -36,863
26 RAYMOND JAMES & ASSOCIATES 0.13% of their portfolio ST PETERSBURG, FL 823,780823.8k $139.7m $139.7m 0.13% Added +21.5k +21,500
27 US BANCORP \DE\ 0.23% of their portfolio MINNEAPOLIS, MN 753,181753.2k $127.8m $127.8m 0.23% Added +56.0k +55,989
28 SG Americas Securities, LLC 1.88% of their portfolio NEW YORK, NY 750,289750.3k $127.3m $127.3m 1.88% Reduced -133.6k -133,581
29 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 748,074748.1k $126.9m $126.9m 0.03% Added +182.7k +182,724
30 Arnhold LLC 15.31% of their portfolio New York, NY 737,999738.0k $125.2m $125.2m 15.31% Reduced -5.4k -5,388
31 CTC LLC 3.50% of their portfolio CHICAGO, IL 672,092672.1k $114.0m $114.0m 3.50% Added +322.9k +322,912
32 NATIONAL BANK OF CANADA /FI/ 0.30% of their portfolio MONTREAL, A8 660,604660.6k $112.1m $112.1m 0.30% Added +434.8k +434,764
33 WS MANAGEMENT LLLP 16.94% of their portfolio JACKSONVILLE, FL 652,178652.2k $110.6m $110.6m 16.94% Added +100.0k +100,000
34 MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 638,158638.2k $108.3m $108.3m 0.12% Added +371.0k +371,040
35 Fullerton Fund Management Co Ltd. 7.86% of their portfolio SINGAPORE, U0 622,043622.0k $105.5m $105.5m 7.86% Added +609.5k +609,469
36 TD Asset Management Inc 0.12% of their portfolio Toronto, A6 585,625585.6k $99.3m $99.3m 0.12% Reduced -1.2m -1,187,579
37 BARCLAYS PLC 0.08% of their portfolio LONDON, X0 574,514574.5k $97.5m $97.5m 0.08% First filing
38 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 571,411571.4k $96.9m $96.9m 0.02% Added +128.2k +128,183
39 BlackRock Inc. 0.00% of their portfolio New York, NY 559,893559.9k $95.0m $95.0m 0.00% Reduced -71.4k -71,401
40 Briaud Financial Planning Inc 74.67% of their portfolio COLLEGE STATION, TX 543,822543.8k $92.3m $92.3m 74.67% Added +7.4k +7,443
41 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 539,172539.2k $91.5m $91.5m 0.01% Reduced -169.6k -169,601
42 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 535,069535.1k $90.8m $90.8m 0.02% Reduced -31.8k -31,810
43 Cambridge Investment Research Advisors, Inc. 0.47% of their portfolio FAIRFIELD, IA 532,546532.5k $90.3m $90.3m 0.47% Added +31.8k +31,845
44 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 527,798527.8k $89.6m $89.6m 0.04% Added +139.6k +139,649
45 Deer Park Road Corp 17.97% of their portfolio Steamboat Springs, CO 500,000500.0k $84.8m $84.8m 17.97% Unchanged
46 PNC Financial Services Group, Inc. 0.08% of their portfolio Pittsburgh, PA 491,793491.8k $83.4m $83.4m 0.08% Added +95.8k +95,803
47 Bleichroeder LP 17.51% of their portfolio NEW YORK, NY 475,000475.0k $80.6m $80.6m 17.51% Unchanged
48 TRUIST FINANCIAL CORP 0.14% of their portfolio CHARLOTTE, NC 471,777471.8k $80.0m $80.0m 0.14% Reduced -54.0k -53,956
49 ZEKE CAPITAL ADVISORS, LLC 4.87% of their portfolio BERWYN, PA 439,876439.9k $74.6m $74.6m 4.87% Added +80.7k +80,748
50 BAILARD, INC. 2.74% of their portfolio Foster City, CA 424,524424.5k $72.0m $72.0m 2.74% Added +417.4k +417,366
51 Squarepoint Ops LLC 0.46% of their portfolio NEW YORK, NY 412,935412.9k $70.1m $70.1m 0.46% Added +251.2k +251,200
52 CITIGROUP INC 0.10% of their portfolio NEW YORK, NY 411,329411.3k $69.8m $69.8m 0.10% Added +95.3k +95,264
53 ROCKLAND TRUST CO 4.28% of their portfolio HANOVER, MA 396,976397.0k $67.3m $67.3m 4.28% Added +5.3k +5,272
54 CITADEL ADVISORS LLC 0.08% of their portfolio MIAMI, FL 391,840391.8k $66.5m $66.5m 0.08% Added +332.4k +332,384
55 PRUDENTIAL PLC 0.82% of their portfolio LONDON, X0 386,699386.7k $65.5m $65.5m 0.82% Added +12.0k +12,000
56 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 372,861372.9k $63.3m $63.3m 0.10% Reduced -18.7k -18,703
57 Baird Financial Group, Inc. 0.17% of their portfolio MILWAUKEE, WI 370,976371.0k $62.9m $62.9m 0.17% Reduced -32.6k -32,592
58 Cerity Partners LLC 0.38% of their portfolio NEW YORK, NY 350,855350.9k $59.5m $59.5m 0.38% Added +86.8k +86,833
59 MARSHALL WACE, LLP 0.15% of their portfolio LONDON, X0 350,479350.5k $59.5m $59.5m 0.15% Reduced -147.8k -147,800
60 COBALT CAPITAL MANAGEMENT, INC. 23.35% of their portfolio SHORT HILLS, NJ 330,000330.0k $56.0m $56.0m 23.35% Added +60.0k +60,000
61 Perella Weinberg Partners Capital Management LP 8.64% of their portfolio NEW YORK, NY 315,101315.1k $53.5m $53.5m 8.64% Reduced -134.0k -133,985
62 BRADLEY FOSTER & SARGENT INC/CT 1.29% of their portfolio HARTFORD, CT 303,300303.3k $51.5m $51.5m 1.29% Reduced -17.1k -17,091
63 Proficio Capital Partners LLC 8.87% of their portfolio NEWTON, MA 295,027295.0k $46.9m $46.9m 8.87% Added +40.8k +40,773
64 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 292,575292.6k $49.6m $49.6m 0.00% Reduced -32.8k -32,786
65 BNP PARIBAS FINANCIAL MARKETS 0.12% of their portfolio PARIS, I0 284,418284.4k $48.2m $48.2m 0.12% Added +200.5k +200,533
66 TEACHER RETIREMENT SYSTEM OF TEXAS 0.34% of their portfolio AUSTIN, TX 278,093278.1k $47.2m $47.2m 0.34% Unchanged
67 Mariner, LLC 0.15% of their portfolio Overland Park, KS 277,357277.4k $47.3m $47.3m 0.15% Added +132.8k +132,840
68 Mitsubishi UFJ Trust & Banking Corp 0.12% of their portfolio TOKYO, M0 277,344277.3k $47.0m $47.0m 0.12% Added +222.9k +222,860
69 BROWN ADVISORY INC 0.09% of their portfolio BALTIMORE, MD 276,439276.4k $46.9m $46.9m 0.09% Reduced -6.9k -6,852
70 LMR Partners LLP 0.88% of their portfolio LONDON, X0 268,884268.9k $45.6m $45.6m 0.88% Added +139.2k +139,184
71 BCM ADVISORS, LLC 13.08% of their portfolio LAFAYETTE, LA 267,264267.3k $47.3m $47.3m 13.08% Reduced -6.3k -6,343
72 W1M Asset Management Ltd 4.09% of their portfolio London, X0 261,805261.8k $44.4m $44.4m 4.09% Reduced -111.6k -111,590
73 First National Trust Co 2.31% of their portfolio Johnstown, PA 257,126257.1k $43.6m $43.6m 2.31% Added +4.0k +4,002
74 AE Wealth Management LLC 0.32% of their portfolio TOPEKA, KS 256,983257.0k $43.6m $43.6m 0.32% Reduced -45.3k -45,305
75 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.57% of their portfolio TOKYO, M0 243,441243.4k $41.3m $41.3m 1.57% Added +493 +493
76 VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio San Antonio, TX 242,154242.2k $41.1m $41.1m 0.05% Added +87.6k +87,636
77 CAPTRUST FINANCIAL ADVISORS 0.20% of their portfolio RALEIGH, NC 239,460239.5k $40.6m $40.6m 0.20% Reduced -19.6k -19,643
78 FIFTH THIRD BANCORP 0.19% of their portfolio CINCINNATI, OH 237,778237.8k $40.3m $40.3m 0.19% Reduced -38.5k -38,513
79 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 3.09% of their portfolio BOSTON, MA 235,802235.8k $40.0m $40.0m 3.09% Reduced -2.2k -2,196
80 TOTAL INVESTMENT MANAGEMENT INC 9.72% of their portfolio SCOTTSDALE, AZ 235,331235.3k $39.9m $39.9m 9.72% Reduced -2.9k -2,936
81 CAPSTONE INVESTMENT ADVISORS, LLC 1.02% of their portfolio NEW YORK, NY 228,481228.5k $38.8m $38.8m 1.02% New
82 SEGALL BRYANT & HAMILL, LLC 0.43% of their portfolio CHICAGO, IL 227,253227.3k $38.6m $38.6m 0.43% Reduced -9.7k -9,746
83 Itau Unibanco Holding S.A. 1.56% of their portfolio SAO PAULO, D5 226,155226.2k $38.2m $38.2m 1.56% Added +183.3k +183,299
84 Cresset Asset Management, LLC 0.48% of their portfolio Chicago, IL 224,169224.2k $38.0m $38.0m 0.48% Added +155.8k +155,792
85 STALEY CAPITAL ADVISERS INC 2.24% of their portfolio PITTSBURGH, PA 220,670220.7k $37.4m $37.4m 2.24% Reduced -221.5k -221,530
86 MML INVESTORS SERVICES, LLC 0.24% of their portfolio SPRINGFIELD, MA 213,196213.2k $36.2m $36.2m 0.24% Reduced -16.3k -16,326
87 Alphadyne Asset Management LP 22.64% of their portfolio NEW YORK, NY 212,632212.6k $36.1m $36.1m 22.64% Added +182.8k +182,775
88 Brookstone Capital Management 0.74% of their portfolio WHEATON, IL 211,654211.7k $36.8m $36.8m 0.74% Added +44.6k +44,622
89 CREDIT SUISSE AG/ 0.04% of their portfolio ZURICH, V8 210,524210.5k $35.7m $35.7m 0.04% Reduced -25.5k -25,471
90 Rathbones Group PLC 0.40% of their portfolio Liverpool, X0 210,152210.2k $35.7m $35.7m 0.40% Reduced -3.3k -3,345
91 GREENLIGHT CAPITAL INC 2.46% of their portfolio New York, NY 209,541209.5k $35.5m $35.5m 2.46% Reduced -40.4k -40,420
92 Foundations Investment Advisors, LLC 1.39% of their portfolio PHOENIX, AZ 206,268206.3k $35.0m $35.0m 1.39% Added +8.9k +8,949
93 Janney Montgomery Scott LLC 0.13% of their portfolio PHILADELPHIA, PA 203,106203.1k $34.5m $34.5m 0.13% Reduced -54.6k -54,630
94 GROUP ONE TRADING LLC 1.15% of their portfolio CHICAGO, IL 200,279200.3k $34.0m $34.0m 1.15% Added +82.6k +82,610
95 ArrowMark Colorado Holdings LLC 0.40% of their portfolio Denver, CO 200,000200.0k $33.9m $33.9m 0.40% Unchanged
96 COLONY GROUP LLC 0.47% of their portfolio Boston, MA 198,350198.3k $33.6m $33.6m 0.47% Reduced -21.1k -21,136
97 BANQUE PICTET & CIE SA 0.35% of their portfolio GENEVA 73, V8 196,878196.9k $33.4m $33.4m 0.35% Reduced -2.6k -2,606
98 DIMENSION CAPITAL MANAGEMENT LLC 7.47% of their portfolio Coral Gables, FL 188,805188.8k $32.0m $32.0m 7.47% Reduced -2.9k -2,889
99 MERCER GLOBAL ADVISORS INC /ADV 0.16% of their portfolio DENVER, CO 184,729184.7k $31.3m $31.3m 0.16% Reduced -6.7k -6,730
100 HANCOCK WHITNEY CORP 1.19% of their portfolio GULFPORT, MS 181,181181.2k $30.7m $30.7m 1.19% Reduced -1.9k -1,865