Vault-13

SPDR GOLD TR GLD

GOLD SHS · ETP · CUSIP 78463V107 · ISIN US78463V1070

Exchange-traded fund

1,910 institutional holders +3 vs Q1 2023
131,862,384131.9m shares reported held*
$23.3bnreported value*
108 new 685 added 671 reduced 114 sold out net bought ≈ $497.4m (+3.6m 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 ($39.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $176.34. Options: 59 managers hold calls ($20.2bn notional), 52 hold puts ($9.4bn).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,762Q4 22: 1,832Q1 23: 1,907Q2 23: 1,9101,910Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 20221,762
Q4 20221,832
Q1 20231,907
Q2 20231,910

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 23Q2 23: 793 bought or addedQ2 23: 785 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022566905
Q1 2023817717
Q2 2023793785

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 0.47Q2 23 calls: $20.2bnQ2 23 puts: $9.4bnQ2 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
Q2 2023$20.2bn$9.4bn0.47

Biggest buyers

TORONTO DOMINION BANK Added +2,797,051+2.8m
BlackRock Inc. Added +2,368,704+2.4m
Prostatis Group LLC Added +1,559,862+1.6m
ASSETMARK, INC Added +640,235+640.2k
BARCLAYS PLC Added +619,291+619.3k
Euclidean Capital LLC New +555,000+555.0k
Sequoia Financial Advisors, LLC Added +551,966+552.0k
HSBC HOLDINGS PLC Added +432,688+432.7k
MORGAN STANLEY Added +408,785+408.8k
UBS Group AG Added +388,953+389.0k

Biggest sellers

CTC LLC Sold out -1,766,264-1.8m
Mizuho Bank, Ltd. Reduced -900,000-900.0k
Bridgewater Associates, LP Sold out -886,799-886.8k
JANE STREET GROUP, LLC Reduced -711,556-711.6k
BNP PARIBAS FINANCIAL MARKETS Reduced -542,589-542.6k
LMR Partners LLP Reduced -524,385-524.4k
COWA, LLC Reduced -468,563-468.6k
BAILARD, INC. Reduced -408,694-408.7k
Itau Unibanco Holding S.A. Reduced -394,065-394.1k
BANK OF AMERICA CORP /DE/ Reduced -375,263-375.3k

Biggest calls

CTC LLC Reduced $2.6bn148.2k shares
JPMORGAN CHASE & CO Added $2.4bn13.5m shares
CITIGROUP INC Reduced $2.0bn11.5m shares
Optiver Holding B.V. Reduced $1.7bn9.7m shares
JANE STREET GROUP, LLC Reduced $1.5bn8.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.4bn7.6m shares
DRW Securities, LLC Reduced $1.1bn6.2m shares
GOLDMAN SACHS GROUP INC Reduced $1.0bn5.7m shares
CITADEL ADVISORS LLC Reduced $984.9m5.5m shares
SIMPLEX TRADING, LLC Reduced $805.7m4.5m shares

Biggest puts

Twin Tree Management, LP Reduced $1.8bn10.0m shares
JPMORGAN CHASE & CO Added $1.4bn8.0m shares
Optiver Holding B.V. Reduced $1.0bn5.7m shares
CTC LLC Reduced $916.9m51.4k shares
DRW Securities, LLC Reduced $732.3m4.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $518.8m2.9m shares
SIMPLEX TRADING, LLC Reduced $426.8m2.4m shares
JANE STREET GROUP, LLC Added $392.0m2.2m shares
CITADEL ADVISORS LLC Reduced $333.3m1.9m shares
Parallax Volatility Advisers, L.P. Reduced $265.6m1.5m 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 Q2 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 Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.20% of their portfolio NEW YORK, NY 11,628,27011.6m $2.1bn $2.1bn 0.20% Added +408.8k +408,785
2 BANK OF AMERICA CORP /DE/ 0.24% of their portfolio CHARLOTTE, NC 11,491,97711.5m $2.0bn $2.0bn 0.24% Reduced -375.3k -375,263
3 TORONTO DOMINION BANK 1.08% of their portfolio TORONTO, ONTARIO, A6 8,137,8488.1m $1.5bn $1.5bn 1.08% Added +2.8m +2,797,051
4 UBS Group AG 0.34% of their portfolio ZURICH, V8 4,362,5714.4m $777.7m $777.7m 0.34% Added +389.0k +388,953
5 WELLS FARGO & COMPANY/MN 0.21% of their portfolio SAN FRANCISCO, CA 4,020,6854.0m $716.8m $716.8m 0.21% Reduced -62.9k -62,869
6 First Eagle Investment Management, LLC 1.49% of their portfolio NEW YORK, NY 3,313,5313.3m $584.5m $584.5m 1.49% Added +367.3k +367,326
7 LPL Financial LLC 0.39% of their portfolio FORT MILL, SC 3,021,0473.0m $538.6m $538.6m 0.39% Added +193.4k +193,438
8 BlackRock Inc. 0.01% of their portfolio New York, NY 2,928,5972.9m $522.1m $522.1m 0.01% Added +2.4m +2,368,704
9 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 1,982,2802.0m $353.4m $353.4m 0.09% Added +361.3k +361,291
10 HighTower Advisors, LLC 0.69% of their portfolio CHICAGO, IL 1,956,1272.0m $348.7m $348.7m 0.69% Added +86.1k +86,133
11 JANE STREET GROUP, LLC 0.46% of their portfolio NEW YORK, NY 1,880,4121.9m $335.2m $335.2m 0.46% Reduced -711.6k -711,556
12 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 1,874,7631.9m $334.2m $334.2m 0.09% Reduced -103.4k -103,415
13 MACKENZIE FINANCIAL CORP 0.44% of their portfolio TORONTO ONTARIO, A6 1,628,2401.6m $290.6m $290.6m 0.44% Added +98.4k +98,358
14 Prostatis Group LLC 1.78% of their portfolio HANOVER, MD 1,576,1721.6m $3.8m $3.8m 1.78% Added +1.6m +1,559,862
15 AMERIPRISE FINANCIAL INC 0.09% of their portfolio MINNEAPOLIS, MN 1,573,1011.6m $279.9m $279.9m 0.09% Added +187.8k +187,792
16 WealthNavi Inc. 4.34% of their portfolio Shinagawa-ku, TOKYO, M0 1,499,0901.5m $267.2m $267.2m 4.34% Reduced -83.8k -83,832
17 Comprehensive Financial Management LLC 7.56% of their portfolio Los Gatos, CA 1,289,7541.3m $229.9m $229.9m 7.56% Unchanged
18 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 1,287,3321.3m $229.5m $229.5m 0.10% Added +50.5k +50,514
19 BARCLAYS PLC 0.13% of their portfolio LONDON, X0 1,126,1961.1m $200.8m $200.8m 0.13% Added +619.3k +619,291
20 Orbis Allan Gray Ltd 1.38% of their portfolio HamiltoN, D0 1,084,2041.1m $193.3m $193.3m 1.38% Added +15.2k +15,236
21 COMMONWEALTH EQUITY SERVICES, LLC 0.39% of their portfolio WALTHAM, MA 1,082,2791.1m $192.9m $192.9m 0.39% Added +110.8k +110,761
22 OSAIC HOLDINGS, INC. 0.33% of their portfolio SCOTTSDALE, AZ 1,023,4211.0m $182.5m $182.5m 0.33% Reduced -21.4k -21,408
23 Raymond James Financial Services Advisors, Inc. 0.30% of their portfolio ST. PETERSBURG, FL 958,873958.9k $170.9m $170.9m 0.30% Reduced -19.8k -19,768
24 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 947,886947.9k $175.0m $175.0m 0.06% Added +135.3k +135,278
25 SYNOVUS FINANCIAL CORP 1.78% of their portfolio Columbus, GA 910,960911.0k $162.4m $162.4m 1.78% Reduced -22.0k -22,021
26 RAYMOND JAMES & ASSOCIATES 0.13% of their portfolio ST PETERSBURG, FL 910,913910.9k $162.4m $162.4m 0.13% Added +44.2k +44,245
27 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 844,609844.6k $150.6m $150.6m 0.01% Added +125.7k +125,656
28 STIFEL FINANCIAL CORP 0.20% of their portfolio ST. LOUIS, MO 833,338833.3k $148.6m $148.6m 0.20% Reduced -92.0k -92,014
29 US BANCORP \DE\ 0.22% of their portfolio MINNEAPOLIS, MN 744,040744.0k $132.6m $132.6m 0.22% Added +6.6k +6,632
30 Mitsubishi UFJ Trust & Banking Corp 0.28% of their portfolio TOKYO, M0 670,058670.1k $119.5m $119.5m 0.28% Added +100.0k +100,000
31 ASSETMARK, INC 0.47% of their portfolio CONCORD, CA 668,373668.4k $119.2m $119.2m 0.47% Added +640.2k +640,235
32 Arnhold LLC 13.11% of their portfolio New York, NY 649,015649.0k $115.7m $115.7m 13.11% Reduced -35.7k -35,700
33 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 642,538642.5k $114.5m $114.5m 0.01% Reduced -333.3k -333,300
34 Cambridge Investment Research Advisors, Inc. 0.49% of their portfolio FAIRFIELD, IA 605,639605.6k $108.0m $108.0m 0.49% Added +63.1k +63,103
35 Mizuho Bank, Ltd. 10.38% of their portfolio TOKYO, M0 600,000600.0k $107.0m $107.0m 10.38% Reduced -900.0k -900,000
36 HSBC HOLDINGS PLC 0.11% of their portfolio LONDON, X0 588,453588.5k $104.8m $104.8m 0.11% Added +432.7k +432,688
37 Sequoia Financial Advisors, LLC 1.77% of their portfolio Akron, OH 577,823577.8k $103.0m $103.0m 1.77% Added +552.0k +551,966
38 VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio San Antonio, TX 576,397576.4k $102.8m $102.8m 0.11% Added +118.7k +118,685
39 PNC Financial Services Group, Inc. 0.09% of their portfolio Pittsburgh, PA 573,422573.4k $102.2m $102.2m 0.09% Added +57.3k +57,349
40 Euclidean Capital LLC 25.43% of their portfolio NEW YORK, NY 555,000555.0k $98.9m $98.9m 25.43% New
41 WS MANAGEMENT LLLP 13.50% of their portfolio JACKSONVILLE, FL 552,178552.2k $98.4m $98.4m 13.50% Unchanged
42 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 533,981534.0k $95.2m $95.2m 0.02% Reduced -25.0k -25,037
43 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 502,540502.5k $89.6m $89.6m 0.15% Added +32.6k +32,631
44 Rockefeller Capital Management L.P. 0.34% of their portfolio NEW YORK, NY 487,018487.0k $86.8m $86.8m 0.34% First filing
45 Bleichroeder LP 17.18% of their portfolio NEW YORK, NY 475,000475.0k $84.7m $84.7m 17.18% Unchanged
46 Perella Weinberg Partners Capital Management LP 8.47% of their portfolio NEW YORK, NY 454,698454.7k $81.1m $81.1m 8.47% Unchanged
47 Parallax Volatility Advisers, L.P. 2.75% of their portfolio San Francisco, CA 447,842447.8k $79.8m $79.8m 2.75% Reduced -5.0k -4,975
48 MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 434,073434.1k $77.4m $77.4m 0.08% Added +195.9k +195,934
49 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 423,635423.6k $75.5m $75.5m 0.01% Added +9.3k +9,287
50 Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio CHIYODA-KU, TOKYO, M0 417,542417.5k $74.4m $74.4m 0.06% Reduced -357.7k -357,693
51 First National Trust Co 3.43% of their portfolio Johnstown, PA 414,997415.0k $74.0m $74.0m 3.43% Added +161.8k +161,849
52 Briaud Financial Planning Inc 69.28% of their portfolio COLLEGE STATION, TX 411,585411.6k $73.4m $73.4m 69.28% Added +5.5k +5,466
53 Baird Financial Group, Inc. 0.19% of their portfolio MILWAUKEE, WI 402,037402.0k $71.7m $71.7m 0.19% Reduced -31.9k -31,941
54 ROCKLAND TRUST CO 4.22% of their portfolio HANOVER, MA 396,071396.1k $70.6m $70.6m 4.22% Reduced -1.3k -1,271
55 Cerity Partners LLC 0.27% of their portfolio NEW YORK, NY 388,257388.3k $69.2m $69.2m 0.27% Added +17.9k +17,933
56 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 378,807378.8k $67.5m $67.5m 0.09% Added +3.0k +2,999
57 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 377,852377.9k $67.4m $67.4m 0.09% Added +151.5k +151,533
58 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 365,294365.3k $65.1m $65.1m 0.01% Reduced -340.0k -340,002
59 AE Wealth Management LLC 0.38% of their portfolio TOPEKA, KS 351,581351.6k $62.7m $62.7m 0.38% Added +97.0k +97,044
60 PRUDENTIAL PLC 0.71% of their portfolio LONDON, X0 340,529340.5k $60.3m $60.3m 0.71% Reduced -20.6k -20,560
61 BRADLEY FOSTER & SARGENT INC/CT 1.11% of their portfolio HARTFORD, CT 295,444295.4k $52.7m $52.7m 1.11% Reduced -7.2k -7,160
62 Cetera Advisor Networks LLC 0.36% of their portfolio EL SEGUNDO, CA 289,962290.0k $51.7m $51.7m 0.36% Added +23.2k +23,204
63 Twin Tree Management, LP 1.05% of their portfolio DALLAS, TX 286,885286.9k $51.1m $51.1m 1.05% Added +91.7k +91,735
64 MML INVESTORS SERVICES, LLC 0.28% of their portfolio SPRINGFIELD, MA 285,106285.1k $50.8m $50.8m 0.28% Added +39.3k +39,256
65 Quantitative Investment Management, LLC 4.78% of their portfolio CHARLOTTESVILLE, VA 282,978283.0k $50.4m $50.4m 4.78% New
66 BROWN ADVISORY INC 0.08% of their portfolio BALTIMORE, MD 276,766276.8k $49.3m $49.3m 0.08% Added +116 +116
67 FACTORY MUTUAL INSURANCE CO 0.72% of their portfolio WALTHAM, MA 273,900273.9k $48.8m $48.8m 0.72% Added +137.3k +137,300
68 Mariner, LLC 0.13% of their portfolio Overland Park, KS 266,282266.3k $47.5m $47.5m 0.13% Reduced -4.4k -4,376
69 CAPTRUST FINANCIAL ADVISORS 0.19% of their portfolio RALEIGH, NC 264,537264.5k $47.2m $47.2m 0.19% Added +1.9k +1,903
70 BCM ADVISORS, LLC 12.78% of their portfolio LAFAYETTE, LA 262,084262.1k $47.7m $47.7m 12.78% Reduced -2.2k -2,244
71 Cresset Asset Management, LLC 0.33% of their portfolio Chicago, IL 260,665260.7k $46.5m $46.5m 0.33% Added +68.4k +68,421
72 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.48% of their portfolio TOKYO, M0 260,271260.3k $46.4m $46.4m 1.48% Added +14.2k +14,241
73 COBALT CAPITAL MANAGEMENT, INC. 17.15% of their portfolio SHORT HILLS, NJ 250,000250.0k $44.6m $44.6m 17.15% Reduced -20.0k -20,000
74 MARSHALL WACE, LLP 0.09% of their portfolio LONDON, X0 246,770246.8k $44.0m $44.0m 0.09% Reduced -282.7k -282,700
75 SEGALL BRYANT & HAMILL, LLC 0.46% of their portfolio CHICAGO, IL 246,586246.6k $44.0m $44.0m 0.46% Added +10.4k +10,389
76 FIFTH THIRD BANCORP 0.19% of their portfolio CINCINNATI, OH 245,866245.9k $43.8m $43.8m 0.19% Added +2.2k +2,178
77 W1M Asset Management Ltd 4.31% of their portfolio London, X0 244,404244.4k $43.6m $43.6m 4.31% Reduced -11.1k -11,063
78 Proficio Capital Partners LLC 5.92% of their portfolio NEWTON, MA 243,899243.9k $43.5m $43.5m 5.92% Reduced -9.4k -9,415
79 Janney Montgomery Scott LLC 0.15% of their portfolio PHILADELPHIA, PA 240,935240.9k $43.0m $43.0m 0.15% Reduced -7.8k -7,809
80 Foundations Investment Advisors, LLC 1.42% of their portfolio PHOENIX, AZ 240,517240.5k $42.9m $42.9m 1.42% Reduced -4.4k -4,442
81 B. Riley Wealth Advisors, Inc. 0.95% of their portfolio MEMPHIS, TN 237,570237.6k $42.3m $42.3m 0.95% Reduced -2.4k -2,433
82 PPSC Investment Service Corp 9.21% of their portfolio TOKYO, M0 233,400233.4k $41.6m $41.6m 9.21% Added +56.9k +56,900
83 TD Asset Management Inc 0.05% of their portfolio Toronto, A6 229,625229.6k $40.9m $40.9m 0.05% Reduced -231.3k -231,300
84 TOTAL INVESTMENT MANAGEMENT INC 5.29% of their portfolio SCOTTSDALE, AZ 228,660228.7k $40.8m $40.8m 5.29% Added +4.4k +4,405
85 GREENLIGHT CAPITAL INC 1.91% of their portfolio New York, NY 227,899227.9k $40.6m $40.6m 1.91% Unchanged
86 SG Americas Securities, LLC 0.33% of their portfolio NEW YORK, NY 220,274220.3k $39.3m $39.3m 0.33% Reduced -112.9k -112,865
87 STALEY CAPITAL ADVISERS INC 2.11% of their portfolio PITTSBURGH, PA 219,425219.4k $39.1m $39.1m 2.11% Reduced -720 -720
88 Rathbones Group PLC 0.36% of their portfolio Liverpool, X0 213,424213.4k $38.0m $38.0m 0.36% Added +1.8k +1,760
89 CREDIT SUISSE AG/ 0.04% of their portfolio ZURICH, V8 210,545210.5k $37.5m $37.5m 0.04% Reduced -29.4k -29,408
90 Corient Private Wealth LP 0.09% of their portfolio MIAMI, FL 206,859206.9k $36.9m $36.9m 0.09% Added +59.7k +59,741
91 Private Advisor Group, LLC 0.32% of their portfolio MORRISTOWN, NJ 205,415205.4k $36.8m $36.8m 0.32% Reduced -16.4k -16,405
92 BlueCrest Capital Management Ltd 4.66% of their portfolio ST HELIER, Y9 200,118200.1k $35.7m $35.7m 4.66% Added +168.2k +168,250
93 ArrowMark Colorado Holdings LLC 0.39% of their portfolio Denver, CO 200,000200.0k $35.7m $35.7m 0.39% Unchanged
94 BANQUE PICTET & CIE SA 0.31% of their portfolio GENEVA 73, V8 198,316198.3k $35.4m $35.4m 0.31% Reduced -559 -559
95 HANCOCK WHITNEY CORP 1.38% of their portfolio GULFPORT, MS 197,589197.6k $35.2m $35.2m 1.38% Added +8.2k +8,173
96 COLONY GROUP LLC 0.50% of their portfolio Boston, MA 195,977196.0k $34.9m $34.9m 0.50% Reduced -1.4k -1,374
97 DIMENSION CAPITAL MANAGEMENT LLC 7.48% of their portfolio Coral Gables, FL 193,777193.8k $34.5m $34.5m 7.48% Added +4.0k +3,982
98 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 193,285193.3k $34.5m $34.5m 0.07% Reduced -542.6k -542,589
99 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 2.57% of their portfolio BOSTON, MA 193,033193.0k $34.4m $34.4m 2.57% Unchanged
100 Cetera Advisors LLC 0.53% of their portfolio DENVER, CO 187,400187.4k $33.4m $33.4m 0.53% Added +17.0k +16,974