Vault-13

SPDR GOLD TR GLD

GOLD SHS · ETP · CUSIP 78463V107 · ISIN US78463V1070

Exchange-traded fund

1,907 institutional holders +75 vs Q4 2022
127,594,754127.6m shares reported held*
$23.2bnreported value*
161 new 656 added 625 reduced 92 sold out net bought ≈ $701.0m (+4.6m 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 ($51.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $182.02. Options: 77 managers hold calls ($26.1bn notional), 53 hold puts ($12.4bn).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,762Q4 22: 1,832Q1 23: 1,9071,907Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 20221,762
Q4 20221,832
Q1 20231,907

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 566 bought or addedQ4 22: 905 cut or sold outQ4 22Q1 23: 817 bought or addedQ1 23: 717 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022566905
Q1 2023817717

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 0.58Q1 23 calls: $26.1bnQ1 23 puts: $12.4bnQ1 23P/C 0.47
Numbers
QuarterCallsPutsP/C
Q3 2022$20.1bn$10.7bn0.53
Q4 2022$18.9bn$11.0bn0.58
Q1 2023$26.1bn$12.4bn0.47

Biggest buyers

TORONTO DOMINION BANK Added +2,333,468+2.3m
CTC LLC Added +1,094,172+1.1m
BANK OF AMERICA CORP /DE/ Added +882,401+882.4k
COWA, LLC Added +465,531+465.5k
Parallax Volatility Advisers, L.P. Added +452,816+452.8k
BNP PARIBAS FINANCIAL MARKETS Added +451,456+451.5k
JPMORGAN CHASE & CO Added +436,666+436.7k
STATE STREET CORP Added +426,378+426.4k
ROYAL BANK OF CANADA Added +374,222+374.2k
LMR Partners LLP Added +305,501+305.5k

Biggest sellers

JANE STREET GROUP, LLC Reduced -3,507,584-3.5m
UBS Group AG Reduced -726,257-726.3k
Deer Park Road Corp Sold out -500,000-500.0k
NATIONAL BANK OF CANADA /FI/ Reduced -481,683-481.7k
SG Americas Securities, LLC Reduced -417,150-417.1k
MILLENNIUM MANAGEMENT LLC Reduced -400,019-400.0k
GOLDMAN SACHS GROUP INC Reduced -345,535-345.5k
Bridgewater Associates, LP Reduced -340,174-340.2k
Alphadyne Asset Management LP Sold out -212,632-212.6k
CITIGROUP INC Reduced -185,010-185.0k

Biggest calls

Castle Hook Partners LP New $3.1bn17.0m shares
CTC LLC Added $2.9bn156.9k shares
CITIGROUP INC Added $2.1bn11.6m shares
Optiver Holding B.V. Reduced $1.8bn10.0m shares
JANE STREET GROUP, LLC Added $1.8bn9.9m shares
JPMORGAN CHASE & CO Reduced $1.7bn9.1m shares
GOLDMAN SACHS GROUP INC Added $1.5bn8.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.4bn7.7m shares
CITADEL ADVISORS LLC Added $1.3bn7.1m shares
DRW Securities, LLC Added $1.2bn6.8m shares

Biggest puts

Twin Tree Management, LP Added $2.4bn13.1m shares
Optiver Holding B.V. Added $1.3bn7.2m shares
CTC LLC Added $1.2bn65.5k shares
JPMORGAN CHASE & CO Reduced $1.0bn5.6m shares
DRW Securities, LLC Added $829.5m4.5m shares
SIMPLEX TRADING, LLC Added $762.8m4.2m shares
MARSHALL WACE, LLP Added $608.1m3.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $580.8m3.2m shares
CITADEL ADVISORS LLC Added $476.0m2.6m shares
Parallax Volatility Advisers, L.P. Reduced $332.3m1.8m 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 Q1 2023

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 Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.25% of their portfolio CHARLOTTE, NC 11,867,24011.9m $2.2bn $2.2bn 0.25% Added +882.4k +882,401
2 MORGAN STANLEY 0.22% of their portfolio NEW YORK, NY 11,219,48511.2m $2.1bn $2.1bn 0.22% Added +273.5k +273,501
3 TORONTO DOMINION BANK 1.60% of their portfolio TORONTO, ONTARIO, A6 5,340,7975.3m $978.5m $978.5m 1.60% Added +2.3m +2,333,468
4 WELLS FARGO & COMPANY/MN 0.23% of their portfolio SAN FRANCISCO, CA 4,083,5544.1m $748.2m $748.2m 0.23% Added +122.9k +122,926
5 UBS Group AG 0.34% of their portfolio ZURICH, V8 3,973,6184.0m $728.0m $728.0m 0.34% Reduced -726.3k -726,257
6 First Eagle Investment Management, LLC 1.43% of their portfolio NEW YORK, NY 2,946,2052.9m $538.3m $538.3m 1.43% Reduced -16.5k -16,521
7 LPL Financial LLC 0.40% of their portfolio FORT MILL, SC 2,827,6092.8m $518.1m $518.1m 0.40% Added +281.4k +281,400
8 JANE STREET GROUP, LLC 0.82% of their portfolio NEW YORK, NY 2,591,9682.6m $474.9m $474.9m 0.82% Reduced -3.5m -3,507,584
9 ROYAL BANK OF CANADA 0.11% of their portfolio TORONTO, A6 1,978,1782.0m $362.4m $362.4m 0.11% Added +374.2k +374,222
10 HighTower Advisors, LLC 0.75% of their portfolio CHICAGO, IL 1,869,9941.9m $342.6m $342.6m 0.75% Added +51.5k +51,493
11 CTC LLC 10.32% of their portfolio CHICAGO, IL 1,766,2641.8m $325.3m $325.3m 10.32% Added +1.1m +1,094,172
12 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 1,620,9891.6m $297.0m $297.0m 0.08% Reduced -345.5k -345,535
13 WealthNavi Inc. 4.94% of their portfolio Shinagawa-ku, TOKYO, M0 1,582,9221.6m $290.0m $290.0m 4.94% Reduced -98.8k -98,779
14 MACKENZIE FINANCIAL CORP 0.44% of their portfolio TORONTO ONTARIO, A6 1,529,8821.5m $280.3m $280.3m 0.44% Reduced -42.1k -42,102
15 Mizuho Bank, Ltd. 31.82% of their portfolio TOKYO, M0 1,500,0001.5m $274.8m $274.8m 31.82% Unchanged
16 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 1,385,3091.4m $253.0m $253.0m 0.08% Added +60.8k +60,847
17 Comprehensive Financial Management LLC 7.17% of their portfolio Los Gatos, CA 1,289,7541.3m $236.3m $236.3m 7.17% Unchanged
18 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 1,236,8181.2m $226.6m $226.6m 0.11% Added +49.2k +49,199
19 Orbis Allan Gray Ltd 1.54% of their portfolio HamiltoN, D0 1,068,9681.1m $195.9m $195.9m 1.54% Added +44.6k +44,634
20 OSAIC HOLDINGS, INC. 0.36% of their portfolio SCOTTSDALE, AZ 1,044,8291.0m $191.7m $191.7m 0.36% Added +66.1k +66,058
21 Raymond James Financial Services Advisors, Inc. 0.34% of their portfolio ST. PETERSBURG, FL 978,641978.6k $179.3m $179.3m 0.34% Added +55.4k +55,437
22 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 975,838975.8k $178.8m $178.8m 0.02% Added +436.7k +436,666
23 COMMONWEALTH EQUITY SERVICES, LLC 0.37% of their portfolio WALTHAM, MA 971,518971.5k $178.0m $178.0m 0.37% Added +83.1k +83,108
24 SYNOVUS FINANCIAL CORP 1.93% of their portfolio Columbus, GA 932,981933.0k $170.9m $170.9m 1.93% Reduced -67.5k -67,469
25 STIFEL FINANCIAL CORP 0.24% of their portfolio ST. LOUIS, MO 925,352925.4k $169.5m $169.5m 0.24% Added +27.1k +27,060
26 Bridgewater Associates, LP 0.99% of their portfolio Westport, CT 886,799886.8k $162.5m $162.5m 0.99% Reduced -340.2k -340,174
27 RAYMOND JAMES & ASSOCIATES 0.14% of their portfolio ST PETERSBURG, FL 866,668866.7k $158.8m $158.8m 0.14% Added +42.9k +42,888
28 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 812,608812.6k $151.9m $151.9m 0.06% Added +284.8k +284,810
29 Sumitomo Mitsui Trust Group, Inc. 0.11% of their portfolio CHIYODA-KU, TOKYO, M0 775,235775.2k $142.0m $142.0m 0.11% Reduced -134.7k -134,745
30 US BANCORP \DE\ 0.23% of their portfolio MINNEAPOLIS, MN 737,408737.4k $135.1m $135.1m 0.23% Reduced -15.8k -15,773
31 BNP PARIBAS FINANCIAL MARKETS 0.29% of their portfolio PARIS, I0 735,874735.9k $134.8m $134.8m 0.29% Added +451.5k +451,456
32 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 718,953719.0k $131.7m $131.7m 0.01% Added +426.4k +426,378
33 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 705,296705.3k $129.2m $129.2m 0.03% Reduced -42.8k -42,778
34 Arnhold LLC 14.24% of their portfolio New York, NY 684,715684.7k $125.3m $125.3m 14.24% Reduced -53.3k -53,284
35 LMR Partners LLP 1.94% of their portfolio LONDON, X0 574,385574.4k $105.2m $105.2m 1.94% Added +305.5k +305,501
36 Mitsubishi UFJ Trust & Banking Corp 0.26% of their portfolio TOKYO, M0 570,058570.1k $104.4m $104.4m 0.26% Added +292.7k +292,714
37 BlackRock Inc. 0.00% of their portfolio New York, NY 559,893559.9k $102.6m $102.6m 0.00% Unchanged
38 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 559,018559.0k $102.4m $102.4m 0.02% Added +23.9k +23,949
39 WS MANAGEMENT LLLP 15.46% of their portfolio JACKSONVILLE, FL 552,178552.2k $101.2m $101.2m 15.46% Reduced -100.0k -100,000
40 Cambridge Investment Research Advisors, Inc. 0.49% of their portfolio FAIRFIELD, IA 542,536542.5k $99.4m $99.4m 0.49% Added +10.0k +9,990
41 MARSHALL WACE, LLP 0.24% of their portfolio LONDON, X0 529,470529.5k $97.0m $97.0m 0.24% Added +179.0k +178,991
42 Itau Unibanco Holding S.A. 4.80% of their portfolio SAO PAULO, D5 520,155520.2k $95.3m $95.3m 4.80% Added +294.0k +294,000
43 PNC Financial Services Group, Inc. 0.08% of their portfolio Pittsburgh, PA 516,073516.1k $94.6m $94.6m 0.08% Added +24.3k +24,280
44 BARCLAYS PLC 0.10% of their portfolio LONDON, X0 506,905506.9k $92.9m $92.9m 0.10% Reduced -67.6k -67,609
45 COWA, LLC 2.37% of their portfolio Tulsa, OK 484,817484.8k $3.0m $3.0m 2.37% Added +465.5k +465,531
46 Fullerton Fund Management Co Ltd. 6.64% of their portfolio SINGAPORE, U0 476,709476.7k $87.3m $87.3m 6.64% Reduced -145.3k -145,334
47 Bleichroeder LP 18.57% of their portfolio NEW YORK, NY 475,000475.0k $87.0m $87.0m 18.57% Unchanged
48 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 469,909469.9k $86.1m $86.1m 0.15% Reduced -1.9k -1,868
49 TD Asset Management Inc 0.10% of their portfolio Toronto, A6 460,925460.9k $84.5m $84.5m 0.10% Reduced -124.7k -124,700
50 VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio San Antonio, TX 457,712457.7k $83.9m $83.9m 0.09% Added +215.6k +215,558
51 Perella Weinberg Partners Capital Management LP 10.24% of their portfolio NEW YORK, NY 454,698454.7k $83.3m $83.3m 10.24% Added +139.6k +139,597
52 Parallax Volatility Advisers, L.P. 2.91% of their portfolio San Francisco, CA 452,817452.8k $83.0m $83.0m 2.91% Added +452.8k +452,816
53 Baird Financial Group, Inc. 0.20% of their portfolio MILWAUKEE, WI 433,978434.0k $79.5m $79.5m 0.20% Added +63.0k +63,002
54 BAILARD, INC. 2.73% of their portfolio Foster City, CA 416,294416.3k $76.3m $76.3m 2.73% Reduced -8.2k -8,230
55 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 414,348414.3k $75.9m $75.9m 0.02% Reduced -157.1k -157,063
56 Briaud Financial Planning Inc 70.44% of their portfolio COLLEGE STATION, TX 406,119406.1k $74.4m $74.4m 70.44% Reduced -137.7k -137,703
57 ROCKLAND TRUST CO 4.57% of their portfolio HANOVER, MA 397,342397.3k $72.8m $72.8m 4.57% Added +366 +366
58 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 375,808375.8k $68.9m $68.9m 0.10% Added +2.9k +2,947
59 CITADEL ADVISORS LLC 0.08% of their portfolio MIAMI, FL 375,620375.6k $68.8m $68.8m 0.08% Reduced -16.2k -16,220
60 Cerity Partners LLC 0.18% of their portfolio NEW YORK, NY 370,324370.3k $67.9m $67.9m 0.18% Added +19.5k +19,469
61 PRUDENTIAL PLC 0.78% of their portfolio LONDON, X0 361,089361.1k $66.2m $66.2m 0.78% Reduced -25.6k -25,610
62 SG Americas Securities, LLC 0.82% of their portfolio NEW YORK, NY 333,139333.1k $61.0m $61.0m 0.82% Reduced -417.1k -417,150
63 Squarepoint Ops LLC 0.40% of their portfolio NEW YORK, NY 311,314311.3k $57.0m $57.0m 0.40% Reduced -101.6k -101,621
64 BRADLEY FOSTER & SARGENT INC/CT 1.32% of their portfolio HARTFORD, CT 302,604302.6k $55.4m $55.4m 1.32% Reduced -696 -696
65 WORLD EQUITY GROUP, INC. 0.45% of their portfolio SCHAUMBURG, IL 282,761282.8k $3.0m $3.0m 0.45% Added +270.3k +270,262
66 Optiver Holding B.V. 2.37% of their portfolio AMSTERDAM, P7 279,103279.1k $51.1m $51.1m 2.37% Added +251.2k +251,159
67 BROWN ADVISORY INC 0.09% of their portfolio BALTIMORE, MD 276,650276.6k $50.7m $50.7m 0.09% Added +211 +211
68 Mariner, LLC 0.14% of their portfolio Overland Park, KS 270,658270.7k $49.6m $49.6m 0.14% Reduced -6.7k -6,699
69 COBALT CAPITAL MANAGEMENT, INC. 17.99% of their portfolio SHORT HILLS, NJ 270,000270.0k $49.5m $49.5m 17.99% Reduced -60.0k -60,000
70 Cetera Advisor Networks LLC 0.36% of their portfolio EL SEGUNDO, CA 266,758266.8k $48.9m $48.9m 0.36% Added +90.2k +90,243
71 BCM ADVISORS, LLC 13.16% of their portfolio LAFAYETTE, LA 264,328264.3k $48.6m $48.6m 13.16% Reduced -2.9k -2,936
72 CAPTRUST FINANCIAL ADVISORS 0.21% of their portfolio RALEIGH, NC 262,634262.6k $48.1m $48.1m 0.21% Added +23.2k +23,174
73 W1M Asset Management Ltd 4.40% of their portfolio London, X0 255,467255.5k $46.8m $46.8m 4.40% Reduced -6.3k -6,338
74 AE Wealth Management LLC 0.30% of their portfolio TOPEKA, KS 254,537254.5k $46.6m $46.6m 0.30% Reduced -2.4k -2,446
75 Proficio Capital Partners LLC 7.37% of their portfolio NEWTON, MA 253,314253.3k $46.4m $46.4m 7.37% Reduced -41.7k -41,713
76 First National Trust Co 2.47% of their portfolio Johnstown, PA 253,148253.1k $46.4m $46.4m 2.47% Reduced -4.0k -3,978
77 Janney Montgomery Scott LLC 0.19% of their portfolio PHILADELPHIA, PA 248,744248.7k $45.6m $45.6m 0.19% Added +45.6k +45,638
78 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.42% of their portfolio TOKYO, M0 246,030246.0k $45.1m $45.1m 1.42% Added +2.6k +2,589
79 MML INVESTORS SERVICES, LLC 0.32% of their portfolio SPRINGFIELD, MA 245,850245.8k $45.0m $45.0m 0.32% Added +32.7k +32,654
80 Foundations Investment Advisors, LLC 1.60% of their portfolio PHOENIX, AZ 244,959245.0k $44.9m $44.9m 1.60% Added +38.7k +38,691
81 FIFTH THIRD BANCORP 0.21% of their portfolio CINCINNATI, OH 243,688243.7k $44.6m $44.6m 0.21% Added +5.9k +5,910
82 B. Riley Wealth Advisors, Inc. 1.17% of their portfolio MEMPHIS, TN 240,003240.0k $44.0m $44.0m 1.17% Added +66.3k +66,295
83 CREDIT SUISSE AG/ 0.04% of their portfolio ZURICH, V8 239,953240.0k $44.0m $44.0m 0.04% Added +29.4k +29,429
84 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 238,139238.1k $43.6m $43.6m 0.05% Reduced -400.0k -400,019
85 SEGALL BRYANT & HAMILL, LLC 0.47% of their portfolio CHICAGO, IL 236,197236.2k $43.3m $43.3m 0.47% Added +8.9k +8,944
86 GREENLIGHT CAPITAL INC 2.27% of their portfolio New York, NY 227,899227.9k $41.8m $41.8m 2.27% Added +18.4k +18,358
87 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 226,319226.3k $41.5m $41.5m 0.06% Reduced -185.0k -185,010
88 TOTAL INVESTMENT MANAGEMENT INC 7.84% of their portfolio SCOTTSDALE, AZ 224,255224.3k $41.1m $41.1m 7.84% Reduced -11.1k -11,076
89 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio BALA CYNWYD, PA 223,021223.0k $40.9m $40.9m 0.06% Added +144.3k +144,308
90 Private Advisor Group, LLC 0.39% of their portfolio MORRISTOWN, NJ 221,820221.8k $40.6m $40.6m 0.39% Added +45.6k +45,588
91 STALEY CAPITAL ADVISERS INC 2.25% of their portfolio PITTSBURGH, PA 220,145220.1k $40.3m $40.3m 2.25% Reduced -525 -525
92 Rathbones Group PLC 0.40% of their portfolio Liverpool, X0 211,664211.7k $38.8m $38.8m 0.40% Added +1.5k +1,512
93 Brookstone Capital Management 0.73% of their portfolio WHEATON, IL 203,389203.4k $37.7m $37.7m 0.73% Reduced -8.3k -8,265
94 Telemark Asset Management, LLC 5.44% of their portfolio BOSTON, MA 200,000200.0k $36.6m $36.6m 5.44% New
95 ArrowMark Colorado Holdings LLC 0.42% of their portfolio Denver, CO 200,000200.0k $36.6m $36.6m 0.42% Unchanged
96 BANQUE PICTET & CIE SA 0.35% of their portfolio GENEVA 73, V8 198,875198.9k $36.4m $36.4m 0.35% Added +2.0k +1,997
97 COLONY GROUP LLC 0.54% of their portfolio Boston, MA 197,351197.4k $36.2m $36.2m 0.54% Reduced -999 -999
98 Twin Tree Management, LP 1.01% of their portfolio DALLAS, TX 195,150195.2k $35.8m $35.8m 1.01% New
99 TEACHER RETIREMENT SYSTEM OF TEXAS 0.24% of their portfolio AUSTIN, TX 194,393194.4k $35.6m $35.6m 0.24% Reduced -83.7k -83,700
100 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 2.74% of their portfolio BOSTON, MA 193,033193.0k $35.4m $35.4m 2.74% Reduced -42.8k -42,769