Vault-13

SPDR GOLD TR GLD

GOLD SHS · ETP · CUSIP 78463V107 · ISIN US78463V1070

Exchange-traded fund

2,075 institutional holders +42 vs Q4 2023
141,749,334141.7m shares reported held*
$29.1bnreported value*
150 new 587 added 821 reduced 109 sold out net bought ≈ $1.1bn (+6.3m 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 ($46.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $205.36. Options: 82 managers hold calls ($23.1bn notional), 66 hold puts ($14.4bn).

Trends to Q1 2024

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: 2,033Q1 24: 2,0752,075Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 20221,762
Q4 20221,832
Q1 20231,907
Q2 20231,910
Q3 20231,856
Q4 20232,033
Q1 20242,075

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 23Q1 24: 737 bought or addedQ1 24: 930 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022566905
Q1 2023817717
Q2 2023793785
Q3 2023572921
Q4 2023731840
Q1 2024737930

Calls vs puts

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

CallsPuts
$0$10bn$20bn$30bn$40bnQ2 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 0.52Q1 24 calls: $23.1bnQ1 24 puts: $14.4bnQ1 24P/C 0.62
Numbers
QuarterCallsPutsP/C
Q2 2023$20.2bn$9.4bn0.47
Q3 2023$26.8bn$11.6bn0.43
Q4 2023$32.5bn$16.9bn0.52
Q1 2024$23.1bn$14.4bn0.62

Biggest buyers

MORGAN STANLEY Added +11,016,976+11.0m
TORONTO DOMINION BANK Added +1,079,452+1.1m
JPMORGAN CHASE & CO Added +954,134+954.1k
JANE STREET GROUP, LLC Added +705,675+705.7k
Global Assets Advisory, LLC New +701,289+701.3k
Squarepoint Ops LLC Added +613,414+613.4k
Cetera Investment Advisers Added +577,210+577.2k
GR FINANCIAL GROUP, LLC New +520,176+520.2k
GOLDMAN SACHS GROUP INC Added +275,650+275.6k
Parallax Volatility Advisers, L.P. New +252,480+252.5k

Biggest sellers

CTC LLC Sold out -2,369,404-2.4m
BARCLAYS PLC Reduced -961,463-961.5k
Euclidean Capital LLC Reduced -957,729-957.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -835,974-836.0k
MILLENNIUM MANAGEMENT LLC Reduced -745,319-745.3k
SG Americas Securities, LLC Reduced -711,967-712.0k
Cetera Advisor Networks LLC Sold out -434,785-434.8k
IMC-Chicago, LLC Sold out -425,226-425.2k
Belvedere Trading LLC Sold out -376,325-376.3k
BAILARD, INC. Reduced -335,897-335.9k

Biggest calls

JPMORGAN CHASE & CO Reduced $5.7bn27.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.9bn9.3m shares
Optiver Holding B.V. Reduced $1.9bn9.2m shares
JANE STREET GROUP, LLC Reduced $1.9bn9.1m shares
SIMPLEX TRADING, LLC Reduced $1.1bn5.6m shares
CITIGROUP INC Added $1.1bn5.2m shares
CITADEL ADVISORS LLC Reduced $987.4m4.8m shares
Belvedere Trading LLC Added $891.3m4.3m shares
UBS Group AG Added $846.9m4.1m shares
Parallax Volatility Advisers, L.P. Added $810.5m3.9m shares

Biggest puts

JPMORGAN CHASE & CO Reduced $2.8bn13.5m shares
Twin Tree Management, LP Reduced $2.7bn13.3m shares
Optiver Holding B.V. Reduced $1.5bn7.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.0bn4.9m shares
SIMPLEX TRADING, LLC Added $897.2m4.4m shares
Belvedere Trading LLC Added $698.4m3.4m shares
IMC-Chicago, LLC Added $622.5m3.0m shares
CITADEL ADVISORS LLC Reduced $546.2m2.7m shares
JANE STREET GROUP, LLC Added $537.0m2.6m shares
UBS Group AG Added $348.8m1.7m 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 Q1 2024

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 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.18% of their portfolio NEW YORK, NY 32,541,85232.5m $6.7bn $6.7bn 0.18% Added +11.0m +11,016,976
2 BANK OF AMERICA CORP /DE/ 0.22% of their portfolio CHARLOTTE, NC 10,772,87810.8m $2.2bn $2.2bn 0.22% Reduced -24.9k -24,924
3 TORONTO DOMINION BANK 1.82% of their portfolio TORONTO, ONTARIO, A6 5,649,5105.6m $1.2bn $1.2bn 1.82% Added +1.1m +1,079,452
4 UBS Group AG 0.32% of their portfolio ZURICH, V8 4,662,8964.7m $959.3m $959.3m 0.32% Reduced -86.2k -86,189
5 WELLS FARGO & COMPANY/MN 0.20% of their portfolio SAN FRANCISCO, CA 3,652,4733.7m $751.4m $751.4m 0.20% Reduced -302.1k -302,089
6 First Eagle Investment Management, LLC 1.66% of their portfolio NEW YORK, NY 3,549,7223.5m $730.2m $730.2m 1.66% Added +63.2k +63,224
7 LPL Financial LLC 0.32% of their portfolio FORT MILL, SC 2,904,3602.9m $597.5m $597.5m 0.32% Added +15.4k +15,369
8 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 2,294,9162.3m $472.1m $472.1m 0.02% Added +954.1k +954,134
9 JANE STREET GROUP, LLC 0.55% of their portfolio NEW YORK, NY 2,076,2912.1m $427.1m $427.1m 0.55% Added +705.7k +705,675
10 HighTower Advisors, LLC 0.57% of their portfolio CHICAGO, IL 1,710,0181.7m $351.6m $351.6m 0.57% Reduced -258.0k -257,976
11 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 1,657,2901.7m $340.9m $340.9m 0.08% Added +51.0k +50,955
12 MACKENZIE FINANCIAL CORP 0.46% of their portfolio TORONTO ONTARIO, A6 1,561,2161.6m $321.2m $321.2m 0.46% Reduced -18.6k -18,557
13 WealthNavi Inc. 3.60% of their portfolio Shinagawa-ku, TOKYO, M0 1,313,2361.3m $270.2m $270.2m 3.60% Reduced -69.1k -69,132
14 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 1,312,8491.3m $270.1m $270.1m 0.06% Added +275.6k +275,650
15 Comprehensive Financial Management LLC 8.46% of their portfolio Los Gatos, CA 1,271,1541.3m $261.5m $261.5m 8.46% Unchanged
16 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 1,183,5481.2m $243.6m $243.6m 0.07% Added +20.6k +20,566
17 ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio Berwyn, PA 1,100,2501.1m $226.3m $226.3m 0.08% Reduced -35.3k -35,342
18 Orbis Allan Gray Ltd 1.35% of their portfolio HamiltoN, D0 1,095,3671.1m $225.3m $225.3m 1.35% Added +126.8k +126,752
19 Squarepoint Ops LLC 0.84% of their portfolio NEW YORK, NY 992,295992.3k $204.1m $204.1m 0.84% Added +613.4k +613,414
20 COMMONWEALTH EQUITY SERVICES, LLC 0.32% of their portfolio WALTHAM, MA 937,420937.4k $192.8m $192.8m 0.32% Reduced -117.4k -117,447
21 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 895,597895.6k $184.2m $184.2m 0.01% Reduced -45.0k -45,028
22 RAYMOND JAMES & ASSOCIATES 0.12% of their portfolio ST PETERSBURG, FL 868,088868.1k $178.6m $178.6m 0.12% Added +23.5k +23,468
23 BARCLAYS PLC 0.08% of their portfolio LONDON, X0 862,921862.9k $177.5m $177.5m 0.08% Reduced -961.5k -961,463
24 Raymond James Financial Services Advisors, Inc. 0.25% of their portfolio ST. PETERSBURG, FL 803,007803.0k $165.2m $165.2m 0.25% Reduced -63.1k -63,108
25 OSAIC HOLDINGS, INC. 0.34% of their portfolio SCOTTSDALE, AZ 740,351740.4k $152.4m $152.4m 0.34% Reduced -38.8k -38,844
26 BNP PARIBAS FINANCIAL MARKETS 0.19% of their portfolio PARIS, I0 733,346733.3k $150.9m $150.9m 0.19% Added +222.0k +221,984
27 STIFEL FINANCIAL CORP 0.17% of their portfolio ST. LOUIS, MO 720,892720.9k $148.3m $148.3m 0.17% Reduced -72.7k -72,677
28 Cetera Investment Advisers 0.34% of their portfolio SCHAUMBURG, IL 702,415702.4k $144.5m $144.5m 0.34% Added +577.2k +577,210
29 Global Assets Advisory, LLC 0.13% of their portfolio ORLANDO, FL 701,289701.3k $3.4k $3.4k 0.13% New
30 FIL Ltd 0.14% of their portfolio HAMILTON, D0 680,000680.0k $139.9m $139.9m 0.14% Reduced -67.1k -67,148
31 CITIGROUP INC 0.14% of their portfolio NEW YORK, NY 647,298647.3k $133.2m $133.2m 0.14% Reduced -37.9k -37,905
32 GLOBALT Investments LLC / GA 5.19% of their portfolio Atlanta, GA 633,651633.7k $130.4m $130.4m 5.19% Reduced -15.3k -15,330
33 US BANCORP \DE\ 0.18% of their portfolio MINNEAPOLIS, MN 612,149612.1k $125.9m $125.9m 0.18% Reduced -43.2k -43,225
34 PNC Financial Services Group, Inc. 0.09% of their portfolio Pittsburgh, PA 606,517606.5k $124.8m $124.8m 0.09% Added +1.4k +1,367
35 Rockefeller Capital Management L.P. 0.36% of their portfolio NEW YORK, NY 598,004598.0k $123.0m $123.0m 0.36% Added +62.0k +62,033
36 SG Americas Securities, LLC 0.62% of their portfolio NEW YORK, NY 593,965594.0k $122.2m $122.2m 0.62% Reduced -712.0k -711,967
37 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 582,235582.2k $119.8m $119.8m 0.02% Added +26.5k +26,536
38 Arnhold LLC 11.83% of their portfolio New York, NY 543,267543.3k $111.8m $111.8m 11.83% Unchanged
39 Sequoia Financial Advisors, LLC 1.34% of their portfolio Akron, OH 523,498523.5k $107.7m $107.7m 1.34% Reduced -15.9k -15,939
40 WS MANAGEMENT LLLP 9.84% of their portfolio JACKSONVILLE, FL 522,178522.2k $107.4m $107.4m 9.84% Reduced -80.0k -80,000
41 GR FINANCIAL GROUP, LLC 24.79% of their portfolio TUCSON, AZ 520,176520.2k $107.0m $107.0m 24.79% New
42 Mitsubishi UFJ Trust & Banking Corp 0.24% of their portfolio TOKYO, M0 515,216515.2k $106.0m $106.0m 0.24% Reduced -69.0k -69,000
43 Bleichroeder LP 24.38% of their portfolio NEW YORK, NY 475,000475.0k $97.7m $97.7m 24.38% Unchanged
44 Corient Private Wealth LP 0.17% of their portfolio MIAMI, FL 474,941474.9k $97.7m $97.7m 0.17% Added +779 +779
45 MARSHALL WACE, LLP 0.16% of their portfolio LONDON, X0 471,663471.7k $97.0m $97.0m 0.16% Reduced -74.5k -74,457
46 Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio CHIYODA-KU, TOKYO, M0 459,272459.3k $94.5m $94.5m 0.06% Added +11.6k +11,577
47 Cambridge Investment Research Advisors, Inc. 0.35% of their portfolio FAIRFIELD, IA 445,047445.0k $91.6m $91.6m 0.35% Reduced -68.6k -68,648
48 Euclidean Capital LLC 11.40% of their portfolio NEW YORK, NY 432,271432.3k $88.9m $88.9m 11.40% Reduced -957.7k -957,729
49 TRUIST FINANCIAL CORP 0.13% of their portfolio CHARLOTTE, NC 420,892420.9k $86.6m $86.6m 0.13% Reduced -58.5k -58,498
50 Briaud Financial Planning Inc 48.18% of their portfolio COLLEGE STATION, TX 412,054412.1k $84.8m $84.8m 48.18% Reduced -9.2k -9,195
51 Cerity Partners LLC 0.21% of their portfolio NEW YORK, NY 382,450382.4k $78.8m $78.8m 0.21% Reduced -46.8k -46,788
52 ROCKLAND TRUST CO 4.08% of their portfolio HANOVER, MA 376,754376.8k $77.5m $77.5m 4.08% Reduced -3.2k -3,241
53 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.08% of their portfolio MILWAUKEE, WI 373,821373.8k $76.9m $76.9m 0.08% Reduced -25.7k -25,651
54 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 366,633366.6k $74.8m $74.8m 0.02% Reduced -132.2k -132,200
55 Mizuho Bank, Ltd. 7.23% of their portfolio TOKYO, M0 340,000340.0k $69.9m $69.9m 7.23% Unchanged
56 Baird Financial Group, Inc. 0.14% of their portfolio MILWAUKEE, WI 334,596334.6k $68.8m $68.8m 0.14% Reduced -14.2k -14,150
57 PPSC Investment Service Corp 22.14% of their portfolio TOKYO, M0 328,400328.4k $144.9m $144.9m 22.14% Added +31.4k +31,400
58 COBALT CAPITAL MANAGEMENT, INC. 19.90% of their portfolio SHORT HILLS, NJ 300,000300.0k $61.7m $61.7m 19.90% Unchanged
59 MML INVESTORS SERVICES, LLC 0.25% of their portfolio SPRINGFIELD, MA 299,307299.3k $61.6m $61.6m 0.25% Added +2.3k +2,259
60 BRADLEY FOSTER & SARGENT INC/CT 1.10% of their portfolio HARTFORD, CT 295,271295.3k $60.7m $60.7m 1.10% Reduced -2.5k -2,508
61 Perella Weinberg Partners Capital Management LP 5.85% of their portfolio NEW YORK, NY 282,477282.5k $58.1m $58.1m 5.85% Reduced -69.0k -68,956
62 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.78% of their portfolio TOKYO, M0 279,509279.5k $57.5m $57.5m 1.78% Added +9.8k +9,813
63 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio Toronto, A6 267,275267.3k $55.0m $55.0m 0.05% Added +241.4k +241,412
64 CAPTRUST FINANCIAL ADVISORS 0.19% of their portfolio RALEIGH, NC 257,960258.0k $53.1m $53.1m 0.19% Added +7.0k +6,963
65 Focus Partners Wealth 0.43% of their portfolio ST LOUIS, MO 256,370256.4k $52.7m $52.7m 0.43% Added +66.4k +66,360
66 PRUDENTIAL PLC 0.43% of their portfolio LONDON, X0 254,269254.3k $51.9m $51.9m 0.43% Reduced -58.2k -58,220
67 Parallax Volatility Advisers, L.P. 1.48% of their portfolio San Francisco, CA 252,480252.5k $51.9m $51.9m 1.48% New
68 FACTORY MUTUAL INSURANCE CO 0.60% of their portfolio WALTHAM, MA 252,100252.1k $51.9m $51.9m 0.60% Unchanged
69 TOTAL INVESTMENT MANAGEMENT INC 6.49% of their portfolio SCOTTSDALE, AZ 250,854250.9k $51.6m $51.6m 6.49% Reduced -426 -426
70 BCM ADVISORS, LLC 13.49% of their portfolio LAFAYETTE, LA 248,161248.2k $53.3m $53.3m 13.49% Reduced -3.8k -3,794
71 Proficio Capital Partners LLC 5.60% of their portfolio NEWTON, MA 247,112247.1k $50.9m $50.9m 5.60% Added +14.2k +14,214
72 DME Capital Management, LP 2.32% of their portfolio New York, NY 246,671246.7k $50.7m $50.7m 2.32% First filing
73 TD Asset Management Inc 0.05% of their portfolio Toronto, A6 241,343241.3k $49.6m $49.6m 0.05% Reduced -2.9k -2,855
74 Mesirow Financial Investment Management, Inc. 1.13% of their portfolio CHICAGO, IL 240,879240.9k $49.6m $49.6m 1.13% Added +54.4k +54,420
75 BROWN ADVISORY INC 0.07% of their portfolio BALTIMORE, MD 239,210239.2k $49.2m $49.2m 0.07% Reduced -38.3k -38,313
76 Mariner, LLC 0.10% of their portfolio Overland Park, KS 238,222238.2k $49.0m $49.0m 0.10% Reduced -4.7k -4,717
77 Quantitative Investment Management, LLC 2.88% of their portfolio CHARLOTTESVILLE, VA 237,586237.6k $48.9m $48.9m 2.88% Added +196.8k +196,774
78 Foundations Investment Advisors, LLC 1.13% of their portfolio PHOENIX, AZ 235,063235.1k $43.2m $43.2m 1.13% Added +47.0k +47,011
79 First National Trust Co 1.93% of their portfolio Johnstown, PA 230,592230.6k $47.4m $47.4m 1.93% Reduced -18.9k -18,937
80 Rathbones Group PLC 0.27% of their portfolio Liverpool, X0 225,697225.7k $46.4m $46.4m 0.27% Reduced -6.1k -6,115
81 Rock Creek Group LLC 5.79% of their portfolio Washington, DC 223,975224.0k $46.0m $46.0m 5.79% Added +31.9k +31,875
82 SYNOVUS FINANCIAL CORP 0.60% of their portfolio Columbus, GA 223,134223.1k $45.9m $45.9m 0.60% Reduced -1.3k -1,268
83 W1M Asset Management Ltd 3.41% of their portfolio London, X0 216,756216.8k $44.6m $44.6m 3.41% Reduced -7.0k -6,965
84 FIFTH THIRD BANCORP 0.17% of their portfolio CINCINNATI, OH 214,052214.1k $44.0m $44.0m 0.17% Reduced -47.9k -47,867
85 Private Advisor Group, LLC 0.30% of their portfolio MORRISTOWN, NJ 204,436204.4k $42.1m $42.1m 0.30% Reduced -6.5k -6,466
86 NISA INVESTMENT ADVISORS, LLC 0.27% of their portfolio ST. LOUIS, MO 200,000200.0k $41.1m $41.1m 0.27% New
87 ArrowMark Colorado Holdings LLC 0.46% of their portfolio Denver, CO 200,000200.0k $41.1m $41.1m 0.46% Unchanged
88 Janney Montgomery Scott LLC 0.12% of their portfolio PHILADELPHIA, PA 199,340199.3k $41.0m $41.0m 0.12% Reduced -21.5k -21,464
89 GLENMEDE TRUST CO NA 0.20% of their portfolio PHILADELPHIA, PA 193,211193.2k $39.7m $39.7m 0.20% Added +634 +634
90 HANCOCK WHITNEY CORP 1.37% of their portfolio GULFPORT, MS 193,144193.1k $39.7m $39.7m 1.37% Reduced -2.5k -2,454
91 STALEY CAPITAL ADVISERS INC 1.85% of their portfolio PITTSBURGH, PA 193,100193.1k $39.7m $39.7m 1.85% Reduced -23.2k -23,241
92 Tanglewood Wealth Management, Inc. 4.89% of their portfolio HOUSTON, TX 192,317192.3k $39.6m $39.6m 4.89% Reduced -2.0k -2,014
93 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 184,890184.9k $38.0m $38.0m 0.01% Reduced -37.0k -37,048
94 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 183,750183.8k $37.8m $37.8m 0.01% Reduced -2.9k -2,942
95 CIBC WORLD MARKET INC. 0.10% of their portfolio TORONTO, A6 183,635183.6k $37.8m $37.8m 0.10% Added +8.7k +8,699
96 Private Wealth Strategies, L.L.C. 8.11% of their portfolio New Albany, OH 182,210182.2k $37.5m $37.5m 8.11% Reduced -1.6k -1,598
97 DIMENSION CAPITAL MANAGEMENT LLC 7.45% of their portfolio Coral Gables, FL 181,697181.7k $37.4m $37.4m 7.45% Reduced -3.3k -3,322
98 CREDIT SUISSE AG/ 0.04% of their portfolio ZURICH, V8 177,210177.2k $36.5m $36.5m 0.04% Reduced -29.1k -29,088
99 Kestra Advisory Services, LLC 0.24% of their portfolio AUSTIN, TX 175,380175.4k $36.1m $36.1m 0.24% Added +1.4k +1,369
100 CWM, LLC 0.18% of their portfolio OMAHA, NE 175,187175.2k $36.0m $36.0m 0.18% Added +11.1k +11,062