Vault-13

SPDR GOLD TR GLD

GOLD SHS · ETP · CUSIP 78463V107 · ISIN US78463V1070

Exchange-traded fund

2,033 institutional holders +177 vs Q3 2023
135,707,686135.7m shares reported held*
$25.9bnreported value*
142 new 589 added 757 reduced 83 sold out net bought ≈ $1.7bn (+8.5m 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 ($45.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $191.18. Options: 72 managers hold calls ($32.5bn notional), 62 hold puts ($16.9bn).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,762Q4 22: 1,832Q1 23: 1,907Q2 23: 1,910Q3 23: 1,856Q4 23: 2,0332,033Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 20221,762
Q4 20221,832
Q1 20231,907
Q2 20231,910
Q3 20231,856
Q4 20232,033

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 23Q3 23: 572 bought or addedQ3 23: 921 cut or sold outQ3 23Q4 23: 731 bought or addedQ4 23: 840 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022566905
Q1 2023817717
Q2 2023793785
Q3 2023572921
Q4 2023731840

Calls vs puts

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

CallsPuts
$0$10bn$20bn$30bn$40bnQ1 23 calls: $26.1bnQ1 23 puts: $12.4bnQ1 23P/C 0.47Q2 23 calls: $20.2bnQ2 23 puts: $9.4bnQ2 23P/C 0.47Q3 23 calls: $26.8bnQ3 23 puts: $11.6bnQ3 23P/C 0.43Q4 23 calls: $32.5bnQ4 23 puts: $16.9bnQ4 23P/C 0.52
Numbers
QuarterCallsPutsP/C
Q1 2023$26.1bn$12.4bn0.47
Q2 2023$20.2bn$9.4bn0.47
Q3 2023$26.8bn$11.6bn0.43
Q4 2023$32.5bn$16.9bn0.52

Biggest buyers

MORGAN STANLEY Added +11,405,495+11.4m
CTC LLC New +2,369,404+2.4m
BARCLAYS PLC Added +937,316+937.3k
MILLENNIUM MANAGEMENT LLC Added +724,196+724.2k
JPMORGAN CHASE & CO Added +619,585+619.6k
FIL Ltd Added +592,148+592.1k
SG Americas Securities, LLC Added +493,966+494.0k
UBS Group AG Added +430,247+430.2k
IMC-Chicago, LLC Added +397,033+397.0k
BAILARD, INC. Added +342,496+342.5k

Biggest sellers

TORONTO DOMINION BANK Reduced -4,750,526-4.8m
CITADEL ADVISORS LLC Reduced -1,229,626-1.2m
Euclidean Capital LLC Reduced -735,000-735.0k
SYNOVUS FINANCIAL CORP Reduced -671,916-671.9k
Twin Tree Management, LP Sold out -582,646-582.6k
OSAIC HOLDINGS, INC. Reduced -425,926-425.9k
DAGCO, INC. Reduced -386,859-386.9k
Strategic Investment Solutions, Inc. /IL Reduced -379,112-379.1k
BANK OF AMERICA CORP /DE/ Reduced -374,001-374.0k
SIMPLEX TRADING, LLC Reduced -306,498-306.5k

Biggest calls

JPMORGAN CHASE & CO Added $8.6bn45.2m shares
CTC LLC Reduced $2.4bn125.9k shares
Optiver Holding B.V. Reduced $2.2bn11.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.2bn11.5m shares
JANE STREET GROUP, LLC Added $2.0bn10.6m shares
SIMPLEX TRADING, LLC Added $1.7bn8.7m shares
BlackRock Inc. Reduced $1.4bn7.2m shares
DRW Securities, LLC Reduced $1.4bn7.1m shares
CITADEL ADVISORS LLC Reduced $1.1bn5.5m shares
Jefferies Financial Group Inc. Reduced $1.0bn5.4m shares

Biggest puts

JPMORGAN CHASE & CO Added $3.6bn18.6m shares
Twin Tree Management, LP Added $3.0bn15.7m shares
Optiver Holding B.V. Added $1.6bn8.2m shares
CTC LLC Reduced $1.3bn66.3k shares
SIMPLEX TRADING, LLC Added $802.4m4.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $784.3m4.1m shares
CITADEL ADVISORS LLC Reduced $629.2m3.3m shares
Belvedere Trading LLC Reduced $563.2m2.9m shares
DRW Securities, LLC Reduced $555.8m2.9m shares
Parallax Volatility Advisers, L.P. Added $516.6m2.7m 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 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 Q4 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.18% of their portfolio NEW YORK, NY 21,524,87621.5m $4.1bn $4.1bn 0.18% Added +11.4m +11,405,495
2 BANK OF AMERICA CORP /DE/ 0.23% of their portfolio CHARLOTTE, NC 10,797,80210.8m $2.1bn $2.1bn 0.23% Reduced -374.0k -374,001
3 UBS Group AG 0.37% of their portfolio ZURICH, V8 4,749,0854.7m $907.9m $907.9m 0.37% Added +430.2k +430,247
4 TORONTO DOMINION BANK 1.27% of their portfolio TORONTO, ONTARIO, A6 4,570,0584.6m $873.7m $873.7m 1.27% Reduced -4.8m -4,750,526
5 WELLS FARGO & COMPANY/MN 0.21% of their portfolio SAN FRANCISCO, CA 3,954,5624.0m $756.0m $756.0m 0.21% Added +47.4k +47,400
6 First Eagle Investment Management, LLC 1.59% of their portfolio NEW YORK, NY 3,486,4983.5m $666.5m $666.5m 1.59% Added +35.4k +35,363
7 LPL Financial LLC 0.34% of their portfolio FORT MILL, SC 2,888,9912.9m $552.3m $552.3m 0.34% Added +65.5k +65,546
8 CTC LLC 4.46% of their portfolio CHICAGO, IL 2,369,4042.4m $453.0m $453.0m 4.46% New
9 HighTower Advisors, LLC 0.63% of their portfolio CHICAGO, IL 1,967,9942.0m $376.2m $376.2m 0.63% Added +143.5k +143,474
10 BARCLAYS PLC 0.18% of their portfolio LONDON, X0 1,824,3841.8m $348.8m $348.8m 0.18% Added +937.3k +937,316
11 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 1,606,3351.6m $307.1m $307.1m 0.08% Reduced -52.2k -52,211
12 MACKENZIE FINANCIAL CORP 0.46% of their portfolio TORONTO ONTARIO, A6 1,579,7731.6m $302.0m $302.0m 0.46% Reduced -57.5k -57,472
13 Euclidean Capital LLC 29.91% of their portfolio NEW YORK, NY 1,390,0001.4m $265.7m $265.7m 29.91% Reduced -735.0k -735,000
14 WealthNavi Inc. 3.83% of their portfolio Shinagawa-ku, TOKYO, M0 1,382,3681.4m $264.3m $264.3m 3.83% Reduced -72.2k -72,187
15 JANE STREET GROUP, LLC 0.32% of their portfolio NEW YORK, NY 1,370,6161.4m $262.0m $262.0m 0.32% Added +66.9k +66,884
16 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,340,7821.3m $256.3m $256.3m 0.01% Added +619.6k +619,585
17 SG Americas Securities, LLC 2.76% of their portfolio NEW YORK, NY 1,305,9321.3m $249.7m $249.7m 2.76% Added +494.0k +493,966
18 Comprehensive Financial Management LLC 8.58% of their portfolio Los Gatos, CA 1,271,1541.3m $243.0m $243.0m 8.58% Reduced -18.6k -18,600
19 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 1,162,9821.2m $221.9m $221.9m 0.07% Reduced -116.4k -116,385
20 ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio Berwyn, PA 1,135,5921.1m $217.1m $217.1m 0.09% Reduced -78.8k -78,756
21 COMMONWEALTH EQUITY SERVICES, LLC 0.37% of their portfolio WALTHAM, MA 1,054,8671.1m $201.7m $201.7m 0.37% Added +47.7k +47,681
22 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 1,037,1991.0m $198.3m $198.3m 0.04% Reduced -287.7k -287,703
23 Orbis Allan Gray Ltd 1.16% of their portfolio HamiltoN, D0 968,615968.6k $185.2m $185.2m 1.16% Reduced -31.5k -31,452
24 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 940,625940.6k $179.8m $179.8m 0.01% Added +136.4k +136,365
25 Raymond James Financial Services Advisors, Inc. 0.27% of their portfolio ST. PETERSBURG, FL 866,115866.1k $165.6m $165.6m 0.27% Reduced -24.6k -24,649
26 RAYMOND JAMES & ASSOCIATES 0.12% of their portfolio ST PETERSBURG, FL 844,620844.6k $161.5m $161.5m 0.12% Added +4.2k +4,242
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.27% of their portfolio BALA CYNWYD, PA 837,645837.6k $160.1m $160.1m 0.27% Reduced -12.3k -12,301
28 MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio NEW YORK, NY 808,510808.5k $154.6m $154.6m 0.15% Added +724.2k +724,196
29 STIFEL FINANCIAL CORP 0.19% of their portfolio ST. LOUIS, MO 793,569793.6k $151.7m $151.7m 0.19% Added +21.1k +21,108
30 OSAIC HOLDINGS, INC. 0.26% of their portfolio SCOTTSDALE, AZ 779,195779.2k $149.0m $149.0m 0.26% Reduced -425.9k -425,926
31 FIL Ltd 0.15% of their portfolio HAMILTON, D0 747,148747.1k $142.8m $142.8m 0.15% Added +592.1k +592,148
32 CITIGROUP INC 0.17% of their portfolio NEW YORK, NY 685,203685.2k $131.0m $131.0m 0.17% Reduced -44.6k -44,585
33 US BANCORP \DE\ 0.19% of their portfolio MINNEAPOLIS, MN 655,374655.4k $125.3m $125.3m 0.19% Reduced -75.8k -75,783
34 GLOBALT Investments LLC / GA 5.16% of their portfolio Atlanta, GA 648,981649.0k $124.1m $124.1m 5.16% First filing
35 PNC Financial Services Group, Inc. 0.09% of their portfolio Pittsburgh, PA 605,150605.1k $115.7m $115.7m 0.09% Added +34.6k +34,615
36 WS MANAGEMENT LLLP 11.32% of their portfolio JACKSONVILLE, FL 602,178602.2k $115.1m $115.1m 11.32% Added +50.0k +50,000
37 Mitsubishi UFJ Trust & Banking Corp 0.26% of their portfolio TOKYO, M0 584,216584.2k $111.7m $111.7m 0.26% Reduced -85.0k -84,987
38 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 555,699555.7k $106.2m $106.2m 0.02% Added +20.5k +20,493
39 MARSHALL WACE, LLP 0.20% of their portfolio LONDON, X0 546,120546.1k $104.4m $104.4m 0.20% Added +272.0k +271,958
40 Arnhold LLC 11.61% of their portfolio New York, NY 543,267543.3k $103.9m $103.9m 11.61% Reduced -95.4k -95,436
41 Sequoia Financial Advisors, LLC 1.28% of their portfolio Akron, OH 539,437539.4k $103.1m $103.1m 1.28% Added +2.1k +2,083
42 Rockefeller Capital Management L.P. 0.34% of their portfolio NEW YORK, NY 535,971536.0k $102.5m $102.5m 0.34% Reduced -3.8k -3,835
43 Cambridge Investment Research Advisors, Inc. 0.42% of their portfolio FAIRFIELD, IA 513,695513.7k $98.2m $98.2m 0.42% Reduced -60.8k -60,827
44 BNP PARIBAS FINANCIAL MARKETS 0.18% of their portfolio PARIS, I0 511,362511.4k $97.8m $97.8m 0.18% Added +33.4k +33,432
45 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 498,833498.8k $97.5m $97.5m 0.03% Reduced -280.7k -280,733
46 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 479,390479.4k $91.6m $91.6m 0.15% Reduced -8.8k -8,797
47 Bleichroeder LP 20.18% of their portfolio NEW YORK, NY 475,000475.0k $90.8m $90.8m 20.18% Unchanged
48 Corient Private Wealth LP 0.17% of their portfolio MIAMI, FL 474,162474.2k $90.6m $90.6m 0.17% Added +214.3k +214,302
49 Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio CHIYODA-KU, TOKYO, M0 447,695447.7k $85.6m $85.6m 0.06% Reduced -30.0k -29,965
50 Cetera Advisor Networks LLC 0.46% of their portfolio EL SEGUNDO, CA 434,785434.8k $83.1m $83.1m 0.46% Reduced -21.4k -21,430
51 Cerity Partners LLC 0.27% of their portfolio NEW YORK, NY 429,238429.2k $82.1m $82.1m 0.27% Added +136.7k +136,723
52 IMC-Chicago, LLC 2.59% of their portfolio CHICAGO, IL 425,226425.2k $81.3m $81.3m 2.59% Added +397.0k +397,033
53 Briaud Financial Planning Inc 68.65% of their portfolio COLLEGE STATION, TX 421,249421.2k $80.5m $80.5m 68.65% Added +2.7k +2,651
54 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 399,472399.5k $76.4m $76.4m 0.09% Added +22.6k +22,622
55 GREENLIGHT CAPITAL INC 3.61% of their portfolio New York, NY 386,944386.9k $74.0m $74.0m 3.61% Reduced -44.3k -44,280
56 ROCKLAND TRUST CO 3.98% of their portfolio HANOVER, MA 379,995380.0k $72.6m $72.6m 3.98% Reduced -8.7k -8,737
57 Squarepoint Ops LLC 0.30% of their portfolio NEW YORK, NY 378,881378.9k $72.4m $72.4m 0.30% Added +251.0k +250,996
58 Belvedere Trading LLC 6.19% of their portfolio CHICAGO, IL 376,325376.3k $71.9m $71.9m 6.19% Added +215.2k +215,170
59 AE Wealth Management LLC 0.35% of their portfolio TOPEKA, KS 361,192361.2k $67.5m $67.5m 0.35% Added +8.8k +8,808
60 Perella Weinberg Partners Capital Management LP 5.49% of their portfolio NEW YORK, NY 351,433351.4k $67.2m $67.2m 5.49% Reduced -101.5k -101,511
61 BAILARD, INC. 1.98% of their portfolio Foster City, CA 349,291349.3k $66.8m $66.8m 1.98% Added +342.5k +342,496
62 Baird Financial Group, Inc. 0.15% of their portfolio MILWAUKEE, WI 348,746348.7k $66.7m $66.7m 0.15% Added +7.2k +7,217
63 Mizuho Bank, Ltd. 7.68% of their portfolio TOKYO, M0 340,000340.0k $65.0m $65.0m 7.68% Reduced -260.0k -260,000
64 PRUDENTIAL PLC 0.64% of their portfolio LONDON, X0 312,489312.5k $59.9m $59.9m 0.64% Reduced -20.7k -20,720
65 COBALT CAPITAL MANAGEMENT, INC. 19.97% of their portfolio SHORT HILLS, NJ 300,000300.0k $57.4m $57.4m 19.97% Unchanged
66 BRADLEY FOSTER & SARGENT INC/CT 1.11% of their portfolio HARTFORD, CT 297,779297.8k $56.9m $56.9m 1.11% Added +2.3k +2,335
67 MML INVESTORS SERVICES, LLC 0.26% of their portfolio SPRINGFIELD, MA 297,048297.0k $56.8m $56.8m 0.26% Added +42.1k +42,149
68 PPSC Investment Service Corp 10.77% of their portfolio TOKYO, M0 297,000297.0k $56.8m $56.8m 10.77% Added +34.5k +34,500
69 BROWN ADVISORY INC 0.07% of their portfolio BALTIMORE, MD 277,523277.5k $53.1m $53.1m 0.07% Reduced -6.2k -6,193
70 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.64% of their portfolio TOKYO, M0 269,696269.7k $51.6m $51.6m 1.64% Reduced -994 -994
71 FIFTH THIRD BANCORP 0.21% of their portfolio CINCINNATI, OH 261,919261.9k $50.1m $50.1m 0.21% Added +1.6k +1,627
72 FACTORY MUTUAL INSURANCE CO 0.60% of their portfolio WALTHAM, MA 252,100252.1k $48.2m $48.2m 0.60% Reduced -21.8k -21,800
73 BCM ADVISORS, LLC 12.48% of their portfolio LAFAYETTE, LA 251,955252.0k $47.5m $47.5m 12.48% Added +3.2k +3,152
74 TOTAL INVESTMENT MANAGEMENT INC 6.10% of their portfolio SCOTTSDALE, AZ 251,280251.3k $48.0m $48.0m 6.10% Added +4.1k +4,081
75 CAPTRUST FINANCIAL ADVISORS 0.17% of their portfolio RALEIGH, NC 250,997251.0k $48.0m $48.0m 0.17% Reduced -9.9k -9,935
76 First National Trust Co 2.09% of their portfolio Johnstown, PA 249,529249.5k $47.7m $47.7m 2.09% Reduced -186.0k -186,012
77 TD Asset Management Inc 0.05% of their portfolio Toronto, A6 244,198244.2k $46.7m $46.7m 0.05% Added +129.6k +129,573
78 Mariner, LLC 0.11% of their portfolio Overland Park, KS 242,939242.9k $46.4m $46.4m 0.11% Reduced -2.4k -2,398
79 Proficio Capital Partners LLC 5.50% of their portfolio NEWTON, MA 232,898232.9k $44.5m $44.5m 5.50% Reduced -9.5k -9,514
80 Rathbones Group PLC 0.29% of their portfolio Liverpool, X0 231,812231.8k $44.3m $44.3m 0.29% Reduced -16.0k -16,039
81 SYNOVUS FINANCIAL CORP 0.61% of their portfolio Columbus, GA 224,402224.4k $42.9m $42.9m 0.61% Reduced -671.9k -671,916
82 W1M Asset Management Ltd 3.59% of their portfolio London, X0 223,721223.7k $42.8m $42.8m 3.59% Reduced -19.9k -19,867
83 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 221,938221.9k $42.4m $42.4m 0.01% Added +17.4k +17,428
84 Janney Montgomery Scott LLC 0.14% of their portfolio PHILADELPHIA, PA 220,804220.8k $42.2m $42.2m 0.14% New
85 STALEY CAPITAL ADVISERS INC 2.06% of their portfolio PITTSBURGH, PA 216,341216.3k $41.4m $41.4m 2.06% Reduced -2.4k -2,369
86 Cresset Asset Management, LLC 0.25% of their portfolio Chicago, IL 213,404213.4k $40.8m $40.8m 0.25% Reduced -11.2k -11,172
87 Private Advisor Group, LLC 0.31% of their portfolio MORRISTOWN, NJ 210,902210.9k $40.3m $40.3m 0.31% Added +9.1k +9,101
88 CREDIT SUISSE AG/ 0.04% of their portfolio ZURICH, V8 206,298206.3k $39.4m $39.4m 0.04% Reduced -1.9k -1,948
89 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 201,914201.9k $38.6m $38.6m 0.04% Added +112.7k +112,741
90 ArrowMark Colorado Holdings LLC 0.42% of their portfolio Denver, CO 200,000200.0k $38.2m $38.2m 0.42% Unchanged
91 MERCER GLOBAL ADVISORS INC /ADV 0.11% of their portfolio DENVER, CO 196,683196.7k $37.6m $37.6m 0.11% Reduced -8.4k -8,375
92 HANCOCK WHITNEY CORP 1.39% of their portfolio GULFPORT, MS 195,598195.6k $37.4m $37.4m 1.39% Added +2.3k +2,298
93 Tanglewood Wealth Management, Inc. 4.55% of their portfolio HOUSTON, TX 194,331194.3k $37.2m $37.2m 4.55% Added +64.6k +64,646
94 GLENMEDE TRUST CO NA 0.19% of their portfolio PHILADELPHIA, PA 192,577192.6k $36.8m $36.8m 0.19% Added +5.9k +5,873
95 Rock Creek Group LLC 5.27% of their portfolio Washington, DC 192,100192.1k $36.5m $36.5m 5.27% Unchanged
96 Focus Partners Wealth 0.48% of their portfolio ST LOUIS, MO 190,010190.0k $36.3m $36.3m 0.48% First filing
97 Foundations Investment Advisors, LLC 0.96% of their portfolio PHOENIX, AZ 188,052188.1k $35.8m $35.8m 0.96% Reduced -56.8k -56,755
98 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 186,692186.7k $35.7m $35.7m 0.01% Reduced -52.6k -52,572
99 Mesirow Financial Investment Management, Inc. 1.27% of their portfolio CHICAGO, IL 186,459186.5k $35.6m $35.6m 1.27% New
100 DIMENSION CAPITAL MANAGEMENT LLC 7.36% of their portfolio Coral Gables, FL 185,019185.0k $35.4m $35.4m 7.36% Added +332 +332