Vault-13

SPDR GOLD TR GLD

GOLD SHS · ETP · CUSIP 78463V107 · ISIN US78463V1070

Exchange-traded fund

3,180 institutional holders +97 vs Q4 2025
136,465,122136.5m shares reported held*
$58.2bnreported value*
234 new 1,079 added 1,297 reduced 134 sold out net sold ≈ $3.2bn (-9.9m 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 ($263.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $426.50. Options: 130 managers hold calls ($106.8bn notional), 89 hold puts ($86.3bn).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

02k4kQ3 22: 1,762Q4 22: 1,832Q1 23: 1,907Q2 23: 1,910Q3 23: 1,856Q4 23: 2,033Q1 24: 2,075Q2 24: 2,114Q3 24: 2,217Q4 24: 2,422Q1 25: 2,587Q2 25: 2,662Q3 25: 2,774Q4 25: 3,083Q1 26: 3,1803,180Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 20221,762
Q4 20221,832
Q1 20231,907
Q2 20231,910
Q3 20231,856
Q4 20232,033
Q1 20242,075
Q2 20242,114
Q3 20242,217
Q4 20242,422
Q1 20252,587
Q2 20252,662
Q3 20252,774
Q4 20253,083
Q1 20263,180

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 24: 828 bought or addedQ2 24: 876 cut or sold outQ3 24: 981 bought or addedQ3 24: 762 cut or sold outQ3 24Q4 24: 952 bought or addedQ4 24: 870 cut or sold outQ1 25: 1,257 bought or addedQ1 25: 864 cut or sold outQ1 25Q2 25: 1,128 bought or addedQ2 25: 1,047 cut or sold outQ3 25: 1,358 bought or addedQ3 25: 870 cut or sold outQ3 25Q4 25: 1,257 bought or addedQ4 25: 1,158 cut or sold outQ1 26: 1,313 bought or addedQ1 26: 1,431 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024828876
Q3 2024981762
Q4 2024952870
Q1 20251,257864
Q2 20251,1281,047
Q3 20251,358870
Q4 20251,2571,158
Q1 20261,3131,431

Calls vs puts

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

CallsPuts
$0$50bn$100bn$150bnQ2 25 calls: $45.9bnQ2 25 puts: $30.0bnQ2 25P/C 0.65Q3 25 calls: $79.7bnQ3 25 puts: $49.0bnQ3 25P/C 0.61Q4 25 calls: $121.2bnQ4 25 puts: $46.7bnQ4 25P/C 0.39Q1 26 calls: $106.8bnQ1 26 puts: $86.3bnQ1 26P/C 0.81
Numbers
QuarterCallsPutsP/C
Q2 2025$45.9bn$30.0bn0.65
Q3 2025$79.7bn$49.0bn0.61
Q4 2025$121.2bn$46.7bn0.39
Q1 2026$106.8bn$86.3bn0.81

Biggest buyers

BARCLAYS PLC Added +1,026,602+1.0m
UBS Group AG Added +897,550+897.5k
JPMORGAN CHASE & CO Added +872,503+872.5k
DIAMANT ASSET MANAGEMENT, INC. Added +695,450+695.5k
Bracebridge Capital, LLC Added +554,750+554.8k
Quadrature Capital Ltd New +537,107+537.1k
Brevan Howard Capital Management LP Added +426,608+426.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +373,962+374.0k
Jain Global LLC Added +358,687+358.7k
CITIGROUP INC Added +350,875+350.9k

Biggest sellers

Corient Private Wealth LP Reduced -4,101,609-4.1m
MORGAN STANLEY Reduced -2,981,363-3.0m
BlackRock, Inc. Reduced -1,872,625-1.9m
CITADEL ADVISORS LLC Reduced -1,513,953-1.5m
HSBC HOLDINGS PLC Reduced -1,272,122-1.3m
Virtu Financial LLC Sold out -1,198,436-1.2m
JANE STREET GROUP, LLC Reduced -867,074-867.1k
TEACHER RETIREMENT SYSTEM OF TEXAS Sold out -568,900-568.9k
Jefferies Financial Group Inc. Reduced -328,010-328.0k
Parallax Volatility Advisers, L.P. Reduced -326,004-326.0k

Biggest calls

JANE STREET GROUP, LLC Added $19.0bn44.1m shares
CTC LLC Added $19.0bn440.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $12.8bn29.7m shares
Optiver Holding B.V. Added $12.6bn29.2m shares
CITADEL ADVISORS LLC Added $9.4bn21.9m shares
Castle Hook Partners LP Reduced $6.0bn138.3k shares
BlackRock, Inc. Added $3.5bn8.0m shares
Jefferies Financial Group Inc. Added $2.4bn5.6m shares
SIMPLEX TRADING, LLC Reduced $2.4bn5.5m shares
UBS Group AG Added $2.3bn5.3m shares

Biggest puts

LMR Partners LLP Added $22.4bn52.0m shares
JANE STREET GROUP, LLC Added $13.3bn31.0m shares
CTC LLC Added $11.4bn265.5k shares
Optiver Holding B.V. Added $8.2bn19.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.3bn14.6m shares
CITADEL ADVISORS LLC Added $5.3bn12.3m shares
JPMORGAN CHASE & CO Added $5.1bn12.4m shares
SIMPLEX TRADING, LLC Reduced $1.6bn3.8m shares
UBS Group AG Added $1.6bn3.7m shares
IMC-Chicago, LLC Reduced $1.3bn3.1m 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 2026

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 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.35% of their portfolio CHARLOTTE, NC 11,064,19511.1m $4.8bn $4.8bn 0.35% Reduced -278.9k -278,880
2 MORGAN STANLEY 0.28% of their portfolio NEW YORK, NY 10,912,37810.9m $4.7bn $4.7bn 0.28% Reduced -3.0m -2,981,363
3 UBS Group AG 0.50% of their portfolio ZURICH, V8 6,583,6586.6m $2.8bn $2.8bn 0.50% Added +897.5k +897,550
4 LPL Financial LLC 0.54% of their portfolio FORT MILL, SC 4,735,3014.7m $2.0bn $2.0bn 0.54% Reduced -74.0k -73,970
5 WELLS FARGO & COMPANY/MN 0.31% of their portfolio SAN FRANCISCO, CA 3,609,2053.6m $1.6bn $1.6bn 0.31% Reduced -321.7k -321,685
6 First Eagle Investment Management, LLC 1.79% of their portfolio NEW YORK, NY 2,455,7412.5m $1.1bn $1.1bn 1.79% Reduced -19.1k -19,092
7 JPMORGAN CHASE & CO 0.07% of their portfolio NEW YORK, NY 2,435,7642.4m $1.0bn $1.0bn 0.07% Added +872.5k +872,503
8 RAYMOND JAMES FINANCIAL INC 0.32% of their portfolio ST. PETERSBURG, FL 2,407,0832.4m $1.0bn $1.0bn 0.32% Reduced -61.9k -61,886
9 ROYAL BANK OF CANADA 0.18% of their portfolio TORONTO, A6 2,209,3932.2m $950.7m $950.7m 0.18% Reduced -56.2k -56,160
10 GOLDMAN SACHS GROUP INC 0.12% of their portfolio NEW YORK, NY 2,072,6492.1m $891.8m $891.8m 0.12% Added +294.3k +294,282
11 BARCLAYS PLC 0.30% of their portfolio LONDON, X0 1,970,4732.0m $847.9m $847.9m 0.30% Added +1.0m +1,026,602
12 CITIGROUP INC 0.46% of their portfolio NEW YORK, NY 1,664,7241.7m $716.3m $716.3m 0.46% Added +350.9k +350,875
13 AMERIPRISE FINANCIAL INC 0.15% of their portfolio MINNEAPOLIS, MN 1,524,3451.5m $654.8m $654.8m 0.15% Reduced -99.0k -98,973
14 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,508,5001.5m $649.1m $649.1m 0.01% Reduced -1.9m -1,872,625
15 HighTower Advisors, LLC 0.65% of their portfolio CHICAGO, IL 1,426,9181.4m $614.0m $614.0m 0.65% Reduced -41.4k -41,356
16 BNP PARIBAS FINANCIAL MARKETS 0.34% of their portfolio PARIS, I0 1,195,6971.2m $514.5m $514.5m 0.34% Reduced -210.5k -210,503
17 ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio Berwyn, PA 1,163,8901.2m $500.8m $500.8m 0.13% Added +12.9k +12,856
18 Comprehensive Financial Management LLC 16.38% of their portfolio Los Gatos, CA 1,147,5291.1m $493.8m $493.8m 16.38% Unchanged
19 Marino Management, LLC 87.01% of their portfolio WESTPORT, CT 1,106,3951.1m $476.1m $476.1m 87.01% Unchanged
20 Bracebridge Capital, LLC 73.76% of their portfolio BOSTON, MA 953,450953.5k $410.3m $410.3m 73.76% Added +554.8k +554,750
21 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 941,071941.1k $404.9m $404.9m 0.01% Added +61.2k +61,170
22 Rockefeller Capital Management L.P. 0.71% of their portfolio NEW YORK, NY 926,830926.8k $398.8m $398.8m 0.71% Reduced -11.4k -11,430
23 SG Americas Securities, LLC 0.42% of their portfolio NEW YORK, NY 883,213883.2k $380.0m $380.0m 0.42% Added +225.3k +225,342
24 Cetera Investment Advisers 0.39% of their portfolio SCHAUMBURG, IL 852,019852.0k $366.6m $366.6m 0.39% Reduced -37.5k -37,491
25 COMMONWEALTH EQUITY SERVICES, LLC 0.51% of their portfolio WALTHAM, MA 851,517851.5k $366.4m $366.4m 0.51% Reduced -53.6k -53,552
26 OSAIC HOLDINGS, INC. 0.53% of their portfolio SCOTTSDALE, AZ 833,595833.6k $358.7m $358.7m 0.53% Reduced -18.8k -18,819
27 US BANCORP \DE\ 0.43% of their portfolio MINNEAPOLIS, MN 831,210831.2k $357.7m $357.7m 0.43% Reduced -1.9k -1,894
28 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 830,304830.3k $357.3m $357.3m 0.05% Added +81.8k +81,779
29 PPSC Investment Service Corp 26.54% of their portfolio TOKYO, M0 781,981782.0k $336.5m $336.5m 26.54% Added +70.8k +70,775
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.41% of their portfolio BALA CYNWYD, PA 733,078733.1k $315.4m $315.4m 0.41% Added +374.0k +373,962
31 Arizona PSPRS Trust 11.46% of their portfolio PHOENIX, AZ 724,052724.1k $311.6m $311.6m 11.46% Unchanged
32 PNC Financial Services Group, Inc. 0.18% of their portfolio Pittsburgh, PA 707,998708.0k $304.6m $304.6m 0.18% Added +12.4k +12,415
33 DIAMANT ASSET MANAGEMENT, INC. 0.51% of their portfolio RIDGEFIELD, CT 697,070697.1k $697.1k $697.1k 0.51% Added +695.5k +695,450
34 STIFEL FINANCIAL CORP 0.27% of their portfolio ST. LOUIS, MO 679,933679.9k $292.6m $292.6m 0.27% Reduced -62.4k -62,437
35 FIL Ltd 0.22% of their portfolio HAMILTON, D0 666,237666.2k $286.7m $286.7m 0.22% Added +306.9k +306,914
36 Steward Partners Investment Advisory, LLC 1.37% of their portfolio STAMFORD, CT 625,273625.3k $269.0m $269.0m 1.37% Added +34.4k +34,384
37 Starr Indemnity & Liability Co 66.41% of their portfolio NEW YORK, NY 607,410607.4k $261.4m $261.4m 66.41% Added +45.2k +45,190
38 SUMITOMO MITSUI FINANCIAL GROUP, INC. 5.16% of their portfolio TOKYO, M0 590,062590.1k $253.9m $253.9m 5.16% Added +43.3k +43,283
39 Cambridge Investment Research Advisors, Inc. 0.65% of their portfolio FAIRFIELD, IA 584,011584.0k $251.3m $251.3m 0.65% Reduced -8.6k -8,587
40 TRUIST FINANCIAL CORP 0.33% of their portfolio CHARLOTTE, NC 574,274574.3k $247.1m $247.1m 0.33% Reduced -26.7k -26,668
41 Quadrature Capital Ltd 2.75% of their portfolio LONDON, X0 537,107537.1k $231.1m $231.1m 2.75% New
42 WealthNavi Inc. 1.93% of their portfolio Shinagawa-ku, TOKYO, M0 517,765517.8k $222.8m $222.8m 1.93% Reduced -139.8k -139,821
43 Jain Global LLC 2.81% of their portfolio NEW YORK, NY 511,766511.8k $220.2m $220.2m 2.81% Added +358.7k +358,687
44 Banco Santander, S.A. 1.77% of their portfolio Madrid, U3 509,516509.5k $219.2m $219.2m 1.77% Added +136.1k +136,110
45 Allen Investment Management, LLC 2.65% of their portfolio NEW YORK, NY 498,458498.5k $214.5m $214.5m 2.65% Added +18.7k +18,664
46 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.13% of their portfolio MILWAUKEE, WI 488,169488.2k $210.1m $210.1m 0.13% Added +208 +208
47 Bleichroeder LP 35.33% of their portfolio NEW YORK, NY 475,000475.0k $204.4m $204.4m 35.33% Unchanged
48 Orbis Allan Gray Ltd 0.86% of their portfolio HamiltoN, D0 473,850473.9k $203.9m $203.9m 0.86% Reduced -49.9k -49,936
49 JANE STREET GROUP, LLC 0.22% of their portfolio NEW YORK, NY 473,243473.2k $203.6m $203.6m 0.22% Reduced -867.1k -867,074
50 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 1.39% of their portfolio Madrid, U3 469,933469.9k $198.6m $198.6m 1.39% Added +66.0k +65,996
51 Sequoia Financial Advisors, LLC 1.13% of their portfolio Akron, OH 469,208469.2k $201.9m $201.9m 1.13% Reduced -4.0k -4,034
52 HARVARD MANAGEMENT CO INC 11.01% of their portfolio BOSTON, MA 464,450464.4k $199.8m $199.8m 11.01% Reduced -162.0k -162,000
53 Focus Partners Wealth 0.21% of their portfolio ST LOUIS, MO 448,597448.6k $193.0m $193.0m 0.21% Reduced -10.3k -10,350
54 Mariner, LLC 0.22% of their portfolio Overland Park, KS 447,240447.2k $192.3m $192.3m 0.22% Added +23.3k +23,325
55 TD Asset Management Inc 0.15% of their portfolio Toronto, A6 443,742443.7k $190.9m $190.9m 0.15% Added +4.1k +4,099
56 OpenArc Corporate Advisory, LLC 2.67% of their portfolio ATLANTA, GA 433,029433.0k $186.3m $186.3m 2.67% Added +17.1k +17,136
57 Cerity Partners LLC 0.26% of their portfolio NEW YORK, NY 430,049430.0k $185.1m $185.1m 0.26% Reduced -8.2k -8,201
58 Kestra Advisory Services, LLC 0.70% of their portfolio AUSTIN, TX 427,919427.9k $184.1m $184.1m 0.70% Added +46.1k +46,120
59 Brevan Howard Capital Management LP 1.84% of their portfolio ST. HELIER, Y9 427,603427.6k $184.0m $184.0m 1.84% Added +426.6k +426,608
60 Mitsubishi UFJ Trust & Banking Corp 0.45% of their portfolio TOKYO, M0 421,700421.7k $181.5m $181.5m 0.45% Unchanged
61 Proficio Capital Partners LLC 9.57% of their portfolio NEWTON, MA 415,470415.5k $179.1m $179.1m 9.57% Added +69.3k +69,322
62 BRADLEY FOSTER & SARGENT INC/CT 2.70% of their portfolio HARTFORD, CT 404,058404.1k $173.9m $173.9m 2.70% Reduced -13.6k -13,633
63 Arnhold LLC 12.42% of their portfolio New York, NY 392,908392.9k $169.1m $169.1m 12.42% Reduced -111.5k -111,525
64 BLAIR WILLIAM & CO/IL 0.48% of their portfolio CHICAGO, IL 386,735386.7k $166.4m $166.4m 0.48% Added +131.5k +131,532
65 Rathbones Group PLC 0.33% of their portfolio Liverpool, X0 374,996375.0k $161.4m $161.4m 0.33% Reduced -24.0k -24,034
66 Corient Private Wealth LP 0.23% of their portfolio MIAMI, FL 372,087372.1k $157.9m $157.9m 0.23% Reduced -4.1m -4,101,609
67 AlTi Global, Inc. 3.38% of their portfolio NEW YORK, NY 360,601360.6k $155.4m $155.4m 3.38% Added +106 +106
68 PRUDENTIAL PLC 1.15% of their portfolio LONDON, X0 356,021356.0k $151.2m $151.2m 1.15% Added +21.9k +21,925
69 MML INVESTORS SERVICES, LLC 0.41% of their portfolio SPRINGFIELD, MA 344,770344.8k $148.4m $148.4m 0.41% Reduced -75.1k -75,076
70 CWM, LLC 0.37% of their portfolio OMAHA, NE 329,282329.3k $141.7m $141.7m 0.37% Reduced -50.8k -50,818
71 W1M Asset Management Ltd 1.53% of their portfolio London, X0 327,333327.3k $140.8m $140.8m 1.53% Reduced -2.3k -2,308
72 Stenham Asset Management Ltd 67.93% of their portfolio GUERNSEY, Y7 325,001325.0k $139.8m $139.8m 67.93% Reduced -16.9k -16,906
73 Cresset Asset Management, LLC 0.58% of their portfolio Chicago, IL 312,487312.5k $134.5m $134.5m 0.58% Reduced -1.9k -1,885
74 PEAK6 LLC 3.88% of their portfolio AUSTIN, TX 312,356312.4k $134.4m $134.4m 3.88% Added +177.9k +177,948
75 Private Advisor Group, LLC 0.62% of their portfolio MORRISTOWN, NJ 309,008309.0k $133.0m $133.0m 0.62% Added +22.1k +22,085
76 ELEVATION POINT WEALTH PARTNERS, LLC 3.14% of their portfolio DENVER, CO 306,968307.0k $132.1m $132.1m 3.14% Added +107.8k +107,799
77 TD Waterhouse Canada Inc. 0.39% of their portfolio TORONTO, A6 304,426304.4k $133.0m $133.0m 0.39% Added +156.9k +156,917
78 JONES FINANCIAL COMPANIES LLLP 0.06% of their portfolio DES PERES, MO 301,930301.9k $125.2m $125.2m 0.06% Added +47.1k +47,063
79 FIFTH THIRD BANCORP 0.23% of their portfolio CINCINNATI, OH 298,497298.5k $128.4m $128.4m 0.23% Added +135.4k +135,373
80 BAILARD, INC. 2.92% of their portfolio Foster City, CA 295,219295.2k $127.0m $127.0m 2.92% Reduced -15.7k -15,674
81 Vestmark Advisory Solutions, Inc. 1.38% of their portfolio Wakefield, MA 288,898288.9k $124.3m $124.3m 1.38% Added +86.1k +86,077
82 Dynasty Wealth Management, LLC 1.08% of their portfolio ST. PETERSBURG, FL 287,470287.5k $123.7m $123.7m 1.08% Added +14.1k +14,148
83 CI INVESTMENTS INC. 0.59% of their portfolio TORONTO, Z4 282,364282.4k $121.5m $121.5m 0.59% Added +138.8k +138,846
84 Lido Advisors, LLC 0.47% of their portfolio Los Angeles, CA 277,495277.5k $119.4m $119.4m 0.47% Reduced -7.2k -7,217
85 Janney Montgomery Scott LLC 0.29% of their portfolio PHILADELPHIA, PA 276,294276.3k $118.9m $118.9m 0.29% Added +71.0k +70,977
86 ROCKLAND TRUST CO 4.74% of their portfolio HANOVER, MA 275,003275.0k $118.3m $118.3m 4.74% Reduced -20.4k -20,415
87 Cerity Partners OCIO LLC 7.03% of their portfolio New York, NY 272,262272.3k $117.2m $117.2m 7.03% Added +30.4k +30,382
88 NewEdge Advisors, LLC 0.42% of their portfolio NEW ORLEANS, LA 271,252271.3k $116.7m $116.7m 0.42% Added +16.4k +16,400
89 TUDOR INVESTMENT CORP ET AL 0.62% of their portfolio STAMFORD, CT 269,902269.9k $116.1m $116.1m 0.62% Reduced -208.4k -208,433
90 Atria Investments, Inc 1.29% of their portfolio Charlotte, NC 268,197268.2k $115.4m $115.4m 1.29% Added +54.1k +54,105
91 CIBC WORLD MARKET INC. 0.20% of their portfolio TORONTO, A6 264,780264.8k $113.9m $113.9m 0.20% Reduced -15.5k -15,481
92 Itau Unibanco Holding S.A. 2.61% of their portfolio SAO PAULO, D5 254,004254.0k $109.3m $109.3m 2.61% Reduced -29.2k -29,170
93 C V STARR & CO INC 56.41% of their portfolio NEW YORK, NY 251,400251.4k $108.2m $108.2m 56.41% Unchanged
94 Concurrent Investment Advisors, LLC 1.16% of their portfolio Tampa, FL 247,238247.2k $106.4m $106.4m 1.16% Added +108.1k +108,077
95 BROWN ADVISORY INC 0.17% of their portfolio BALTIMORE, MD 245,846245.8k $105.8m $105.8m 0.17% Added +10.1k +10,087
96 Pinnacle Financial Partners, Inc. 0.79% of their portfolio ATLANTA, GA 241,242241.2k $103.8m $103.8m 0.79% Reduced -10.6k -10,648
97 Baird Financial Group, Inc. 0.16% of their portfolio MILWAUKEE, WI 236,225236.2k $101.6m $101.6m 0.16% Reduced -19.6k -19,620
98 CAPTRUST FINANCIAL ADVISORS 0.18% of their portfolio RALEIGH, NC 233,904233.9k $100.6m $100.6m 0.18% Added +524 +524
99 SIMPLEX TRADING, LLC 3.07% of their portfolio CHICAGO, IL 230,612230.6k $99.2m $99.2m 3.07% New
100 SCOTIA CAPITAL INC. 0.41% of their portfolio TORONTO, A6 229,013229.0k $98.5m $98.5m 0.41% Added +40.4k +40,385