Vault-13

VANECK MERK GOLD ETF OUNZ

GOLD SHS · ETP · CUSIP 921078101

207 institutional holders +21 vs Q1 2025
27,588,74427.6m shares reported held*
$880.1mreported value*
32 new 70 added 53 reduced 10 sold out net bought ≈ $97.6m (+3.0m 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. Holder counts are more reliable. Implied quarter-end price ≈ $31.90. Options: 3 managers hold calls ($2.3m notional), 2 hold puts ($159.4k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 113Q4 22: 116Q1 23: 122Q2 23: 127Q3 23: 127Q4 23: 130Q1 24: 121Q2 24: 137Q3 24: 148Q4 24: 162Q1 25: 186Q2 25: 207207Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022113
Q4 2022116
Q1 2023122
Q2 2023127
Q3 2023127
Q4 2023130
Q1 2024121
Q2 2024137
Q3 2024148
Q4 2024162
Q1 2025186
Q2 2025207

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 58 bought or addedQ3 23: 42 cut or sold outQ4 23: 36 bought or addedQ4 23: 54 cut or sold outQ4 23Q1 24: 52 bought or addedQ1 24: 46 cut or sold outQ2 24: 66 bought or addedQ2 24: 44 cut or sold outQ2 24Q3 24: 70 bought or addedQ3 24: 40 cut or sold outQ4 24: 72 bought or addedQ4 24: 40 cut or sold outQ4 24Q1 25: 100 bought or addedQ1 25: 49 cut or sold outQ2 25: 102 bought or addedQ2 25: 63 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235842
Q4 20233654
Q1 20245246
Q2 20246644
Q3 20247040
Q4 20247240
Q1 202510049
Q2 202510263

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 24 calls: $914.0kQ3 24 puts: $591.6kQ3 24P/C 0.65Q4 24 calls: $465.5kQ4 24 puts: $136.6kQ4 24P/C 0.29Q1 25 calls: $2.1mQ1 25 puts: $189.9kQ1 25P/C 0.09Q2 25 calls: $2.3mQ2 25 puts: $159.4kQ2 25P/C 0.07
Numbers
QuarterCallsPutsP/C
Q3 2024$914.0k$591.6k0.65
Q4 2024$465.5k$136.6k0.29
Q1 2025$2.1m$189.9k0.09
Q2 2025$2.3m$159.4k0.07

Biggest buyers

Quadrature Capital Ltd New +636,339+636.3k
Euro Pacific Asset Management, LLC Added +459,948+459.9k
LPL Financial LLC Added +432,818+432.8k
Drake & Associates, LLC New +400,465+400.5k
VAN ECK ASSOCIATES CORP Added +368,385+368.4k
Cambridge Investment Research Advisors, Inc. Added +338,188+338.2k
WINNACLE WEALTH LLC New +288,706+288.7k
RAYMOND JAMES FINANCIAL INC Added +219,422+219.4k
Security National Bank Added +175,200+175.2k
Farther Finance Advisors, LLC Added +118,047+118.0k

Biggest sellers

PITCAIRN CO Reduced -446,640-446.6k
RENAISSANCE TECHNOLOGIES LLC Reduced -414,600-414.6k
Morton Capital Management LLC/CA Reduced -285,568-285.6k
Huntleigh Advisors, Inc. Sold out -200,000-200.0k
Sanctuary Advisors, LLC Reduced -142,038-142.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -82,566-82.6k
IHT Wealth Management, LLC Reduced -55,638-55.6k
Lifeworks Advisors, LLC Reduced -54,944-54.9k
MML INVESTORS SERVICES, LLC Reduced -40,240-40.2k
Crawford Fund Management, LLC Sold out -39,900-39.9k

Biggest calls

CITADEL ADVISORS LLC Added $2.3m73.4k shares
GROUP ONE TRADING LLC New $3.2k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

BANK OF AMERICA CORP /DE/ Unchanged $159.4k5.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 2025

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 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Morton Capital Management LLC/CA 21.93% of their portfolio CALABASAS, CA 3,878,1283.9m $123.7m $123.7m 21.93% Reduced -285.6k -285,568
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 3,088,5653.1m $98.5m $98.5m 0.03% Added +432.8k +432,818
3 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 1,697,3631.7m $54.1m $54.1m 0.09% Added +41.3k +41,299
4 VAN ECK ASSOCIATES CORP 0.05% of their portfolio NEW YORK, NY 1,252,0671.3m $39.9m $39.9m 0.05% Added +368.4k +368,385
5 PITCAIRN CO 2.32% of their portfolio CONSHOHOCKEN, PA 1,110,8051.1m $35.4m $35.4m 2.32% Reduced -446.6k -446,640
6 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 919,041919.0k $29.3m $29.3m 0.01% Added +97.0k +97,050
7 Euro Pacific Asset Management, LLC 2.72% of their portfolio DORADO, PR 911,222911.2k $29.2m $29.2m 2.72% Added +459.9k +459,948
8 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 791,392791.4k $25.2m $25.2m 0.01% Added +219.4k +219,422
9 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 770,869770.9k $24.9m $24.9m 0.01% Added +90.3k +90,342
10 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 703,054703.1k $22.6m $22.6m 0.04% Reduced -10.6k -10,556
11 Quadrature Capital Ltd 0.35% of their portfolio LONDON, X0 636,339636.3k $20.3m $20.3m 0.35% New
12 Modern Wealth Management, LLC 0.47% of their portfolio KANSAS CITY, MO 602,481602.5k $19.2m $19.2m 0.47% Reduced -27.0k -26,974
13 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 523,443523.4k $16.7m $16.7m 0.05% Added +338.2k +338,188
14 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 436,407436.4k $13.9m $13.9m 0.02% Added +13.3k +13,309
15 Drake & Associates, LLC 3.13% of their portfolio WAUKESHA, WI 400,465400.5k $12.8m $12.8m 3.13% New
16 SILVER OAK SECURITIES, INCORPORATED 1.00% of their portfolio JACKSON, TN 377,149377.1k $12.0m $12.0m 1.00% Reduced -9.4k -9,410
17 Kiker Wealth Management, LLC 6.56% of their portfolio JASPER, GA 364,970365.0k $11.6m $11.6m 6.56% Reduced -14.0k -13,960
18 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 348,580348.6k $11.1m $11.1m 0.01% Reduced -15.2k -15,223
19 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 348,034348.0k $11.1m $11.1m 0.03% Reduced -40.2k -40,240
20 Pekin Hardy Strauss, Inc. 1.22% of their portfolio CHICAGO, IL 336,360336.4k $10.7m $10.7m 1.22% Reduced -7.5k -7,500
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 308,445308.4k $9.8m $9.8m 0.00% Added +104.7k +104,671
22 Accordant Advisory Group Inc 6.86% of their portfolio ANNAPOLIS, MD 288,706288.7k $9.2m $9.2m 6.86% Added +12.9k +12,908
23 WINNACLE WEALTH LLC 6.86% of their portfolio WACO, TX 288,706288.7k $9.2m $9.2m 6.86% New
24 MONEY CONCEPTS CAPITAL CORP 0.52% of their portfolio PALM BEACH GARDENS, FL 243,152243.2k $7.8m $7.8m 0.52% Added +1.7k +1,724
25 Solstein Capital, LLC 3.93% of their portfolio Menlo Park, CA 240,374240.4k $7.7m $7.7m 3.93% Added +5.7k +5,721
26 Security National Bank 1.24% of their portfolio OMAHA, NE 225,509225.5k $7.2m $7.2m 1.24% Added +175.2k +175,200
27 Dogwood Wealth Management LLC 3.37% of their portfolio LENEXA, KS 216,953217.0k $6.9m $6.9m 3.37% Added +23.8k +23,789
28 Smart Money Group LLC 2.13% of their portfolio EASTLAND, TX 213,434213.4k $6.8m $6.8m 2.13% Added +6.1k +6,110
29 Ameritas Advisory Services, LLC 0.35% of their portfolio Lincoln, NE 207,547207.5k $6.6m $6.6m 0.35% Reduced -38.7k -38,692
30 Lifeworks Advisors, LLC 0.97% of their portfolio GRAND RAPIDS, MI 204,533204.5k $6.5m $6.5m 0.97% Reduced -54.9k -54,944
31 Farther Finance Advisors, LLC 0.12% of their portfolio SAN FRANCISCO, CA 186,906186.9k $6.0m $6.0m 0.12% Added +118.0k +118,047
32 Samalin Investment Counsel, LLC 2.07% of their portfolio CHAPPAQUA, NY 169,439169.4k $5.4m $5.4m 2.07% Reduced -25.7k -25,721
33 PDS Planning, Inc 0.40% of their portfolio DUBLIN, OH 167,778167.8k $5.4m $5.4m 0.40% Unchanged
34 Advisory Services Network, LLC 0.09% of their portfolio ATLANTA, GA 166,729166.7k $5.3m $5.3m 0.09% Added +24.1k +24,094
35 Forum Financial Management, LP 0.08% of their portfolio LOMBARD, IL 160,123160.1k $5.1m $5.1m 0.08% Unchanged
36 Capital Wealth Alliance, LLC 2.54% of their portfolio Scottsdale, AZ 147,887147.9k $4.7m $4.7m 2.54% Reduced -385 -385
37 Guild Investment Management, Inc. 3.95% of their portfolio WESTLAKE VILLAGE, CA 142,420142.4k $4.5m $4.5m 3.95% Added +870 +870
38 PETRA FINANCIAL ADVISORS INC 2.84% of their portfolio COLORADO SRPINGS, CO 140,130140.1k $4.5m $4.5m 2.84% Added +2.2k +2,178
39 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 135,446135.4k $4.3m $4.3m 0.01% Added +3.7k +3,653
40 OPPENHEIMER & CO INC 0.06% of their portfolio NEW YORK, NY 132,165132.2k $4.2m $4.2m 0.06% Added +4.6k +4,567
41 Faithward Advisors, LLC 0.60% of their portfolio LANCASTER, PA 120,636120.6k $3.8m $3.8m 0.60% Added +13.2k +13,219
42 Three Cord True Wealth Management, LLC 2.80% of their portfolio Beaver, PA 117,661117.7k $3.8m $3.8m 2.80% New
43 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 110,306110.3k $3.5m $3.5m 0.00% Added +55.2k +55,153
44 SFG Wealth Management, LLC. 1.94% of their portfolio TOWSON, MD 100,516100.5k $3.2m $3.2m 1.94% Added +3.8k +3,752
45 CENTAURUS FINANCIAL, INC. 0.18% of their portfolio ANAHEIM, CA 98,57898.6k $3.1m $3.1m 0.18% New
46 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 98,30098.3k $3.1m $3.1m 0.00% Reduced -414.6k -414,600
47 Atria Investments, Inc 0.04% of their portfolio Charlotte, NC 95,43495.4k $3.0m $3.0m 0.04% New
48 Plan Group Financial, LLC 0.98% of their portfolio OKLAHOMA CITY, OK 93,25093.2k $3.0m $3.0m 0.98% Added +9.8k +9,750
49 Virtu Financial LLC 0.15% of their portfolio New York, NY 93,18893.2k $3.0m $3.0m 0.15% New
50 Gladstone Institutional Advisory LLC 0.12% of their portfolio Bedminster, NJ 92,41892.4k $2.9m $2.9m 0.12% Added +3.6k +3,576
51 Perennial Investment Advisors, LLC 0.27% of their portfolio Los Angeles, CA 88,80788.8k $2.8m $2.8m 0.27% Added +80.3k +80,332
52 Stratos Wealth Partners, LTD. 0.04% of their portfolio BEACHWOOD, OH 87,62587.6k $2.8m $2.8m 0.04% Reduced -1.6k -1,571
53 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 87,53987.5k $2.8m $2.8m 0.00% Reduced -16.9k -16,923
54 SHEETS SMITH WEALTH MANAGEMENT 0.32% of their portfolio WINSTON-SALEM, NC 85,00985.0k $2.7m $2.7m 0.32% Added +8.9k +8,868
55 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 74,50374.5k $2.4m $2.4m 0.02% Added +58.7k +58,744
56 USAdvisors Wealth Management, LLC 0.86% of their portfolio EDEN PRAIRIE, MN 72,92272.9k $2.3m $2.3m 0.86% New
57 Sigma Planning Corp 0.07% of their portfolio ANN ARBOR, MI 68,40168.4k $2.2m $2.2m 0.07% Added +14.3k +14,265
58 Meixler Investment Management, Ltd. 1.49% of their portfolio SHOW LOW, AZ 67,97768.0k $2.2m $2.2m 1.49% Added +13.2k +13,220
59 Castleview Partners, LLC 1.34% of their portfolio DALLAS, TX 65,15665.2k $2.1m $2.1m 1.34% Reduced -19.9k -19,878
60 UMB Bank, n.a. 0.03% of their portfolio Kansas City, MO 64,53964.5k $2.1m $2.1m 0.03% Unchanged
61 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 63,57963.6k $2.0m $2.0m 0.01% Added +988 +988
62 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 61,69261.7k $2.0m $2.0m 0.00% Added +659 +659
63 RDA Financial Network 0.53% of their portfolio AKRON, IA 61,23761.2k $2.0m $2.0m 0.53% Added +39.3k +39,254
64 LYELL WEALTH MANAGEMENT, LP 0.15% of their portfolio MENLO PARK, CA 59,79559.8k $1.9m $1.9m 0.15% Unchanged
65 Terra Nova Asset Management LLC 1.24% of their portfolio NEW YORK, NY 55,69555.7k $1.8m $1.8m 1.24% Unchanged
66 Warwick Investment Management, Inc. 0.33% of their portfolio BRYAN, TX 53,66153.7k $1.7m $1.7m 0.33% Added +2.8k +2,800
67 CreativeOne Wealth, LLC 0.04% of their portfolio OVERLAND PARK, KS 49,53649.5k $1.6m $1.6m 0.04% Reduced -80 -80
68 Tower Wealth Partners, Inc. 0.91% of their portfolio LEWISBURG, PA 48,11448.1k $1.5m $1.5m 0.91% Reduced -2.7k -2,731
69 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 47,53547.5k $1.5m $1.5m 0.00% Added +9.9k +9,948
70 HBW ADVISORY SERVICES LLC 0.19% of their portfolio SIMI VALLEY, CA 47,47847.5k $1.5m $1.5m 0.19% Added +7.7k +7,738
71 WESPAC Advisors, LLC 1.03% of their portfolio ORINDA, CA 46,07346.1k $1.5m $1.5m 1.03% Unchanged
72 SPROTT INC. 0.07% of their portfolio TORONTO, A6 43,79843.8k $1.4m $1.4m 0.07% Added +23.9k +23,875
73 Walkner Condon Financial Advisors LLC 0.26% of their portfolio MADISON, WI 43,66443.7k $1.4m $1.4m 0.26% Added +2.0k +2,049
74 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 42,37342.4k $1.4m $1.4m 0.00% Reduced -6.0k -6,012
75 Clear Harbor Asset Management, LLC 0.10% of their portfolio Stamford, CT 41,75041.8k $1.3m $1.3m 0.10% Reduced -1.0k -1,000
76 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 41,47341.5k $1.3m $1.3m 0.01% Reduced -420 -420
77 Main Street Financial Solutions, LLC 0.09% of their portfolio NEWTOWN, PA 40,43640.4k $1.3m $1.3m 0.09% New
78 Valmark Advisers, Inc. 0.02% of their portfolio AKRON, OH 40,19540.2k $1.3m $1.3m 0.02% Added +3.1k +3,129
79 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 38,04638.0k $1.2m $1.2m 0.02% Added +4.2k +4,248
80 Sloy Dahl & Holst, LLC 0.17% of their portfolio Vancouver, WA 37,86037.9k $1.2m $1.2m 0.17% Unchanged
81 Mayflower Financial Advisors, LLC 0.16% of their portfolio BOSTON, MA 37,09037.1k $1.2m $1.2m 0.16% Added +3.2k +3,200
82 Baker Ellis Asset Management LLC 0.16% of their portfolio Vancouver, WA 37,00037.0k $1.2m $1.2m 0.16% Unchanged
83 CWC Advisors, LLC. 0.60% of their portfolio LAKE OSWEGO, OR 36,54036.5k $1.2m $1.2m 0.60% Added +246 +246
84 EVOKE WEALTH, LLC 0.03% of their portfolio Los Angeles, CA 36,29936.3k $1.2m $1.2m 0.03% New
85 FAS Wealth Partners, Inc. 0.08% of their portfolio LEAWOOD, KS 34,73934.7k $1.1m $1.1m 0.08% New
86 MATHER GROUP, LLC. 0.01% of their portfolio CHICAGO, IL 33,42033.4k $1.1m $1.1m 0.01% Reduced -449 -449
87 Robertson Stephens Wealth Management, LLC 0.04% of their portfolio San Francisco, CA 33,00333.0k $1.1m $1.1m 0.04% Added +8.9k +8,878
88 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 32,84332.8k $1.0m $1.0m 0.00% Added +11.2k +11,171
89 Arax Advisory Partners 0.05% of their portfolio NEW YORK, NY 31,16231.2k $993.8k $993.8k 0.05% New
90 Sequoia Financial Advisors, LLC 0.01% of their portfolio Akron, OH 28,13628.1k $897.3k $897.3k 0.01% Unchanged
91 Accurate Wealth Management, LLC 0.13% of their portfolio WESLEY CHAPEL, FL 25,84525.8k $827.8k $827.8k 0.13% Added +13.9k +13,895
92 DiNuzzo Private Wealth, Inc. 0.10% of their portfolio BEAVER, PA 25,48025.5k $812.6k $812.6k 0.10% Added +14.6k +14,556
93 COMERICA BANK 0.00% of their portfolio DALLAS, TX 24,74824.7k $789.2k $789.2k 0.00% Reduced -15.9k -15,891
94 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 24,41724.4k $778.7k $778.7k 0.01% Added +1.6k +1,571
95 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 0.17% of their portfolio NEWPORT BEACH, CA 23,58623.6k $752.2k $752.2k 0.17% Reduced -3.3k -3,252
96 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 22,43822.4k $715.5k $715.5k 0.01% Added +15.2k +15,199
97 WHITE PINE CAPITAL LLC 0.23% of their portfolio BLOOMINGTON, MN 22,31122.3k $711.5k $711.5k 0.23% Reduced -100 -100
98 Procyon Advisors, LLC 0.07% of their portfolio SHELTON, CT 21,92921.9k $699.3k $699.3k 0.07% New
99 ORG Partners LLC 0.14% of their portfolio ROANOKE, IN 20,20520.2k $649.8k $649.8k 0.14% Added +7.4k +7,405
100 Spectrum Planning & Advisory Services Inc. 0.40% of their portfolio SAN DIEGO, CA 19,50419.5k $622.0k $622.0k 0.40% Added +77 +77