Vault-13

VANECK MERK GOLD ETF OUNZ

GOLD SHS · ETP · CUSIP 921078101

291 institutional holders +35 vs Q4 2025
32,585,16132.6m shares reported held*
$1.5bnreported value*
55 new 100 added 75 reduced 17 sold out net bought ≈ $183.5m (+4.1m 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 ($401.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $44.92. Options: 6 managers hold calls ($1.4m notional), 3 hold puts ($337.9k).

Trends to Q1 2026

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: 207Q3 25: 221Q4 25: 256Q1 26: 291291Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025221
Q4 2025256
Q1 2026291

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 66 bought or addedQ2 24: 44 cut or sold outQ3 24: 70 bought or addedQ3 24: 40 cut or sold outQ3 24Q4 24: 72 bought or addedQ4 24: 40 cut or sold outQ1 25: 100 bought or addedQ1 25: 49 cut or sold outQ1 25Q2 25: 102 bought or addedQ2 25: 63 cut or sold outQ3 25: 120 bought or addedQ3 25: 61 cut or sold outQ3 25Q4 25: 112 bought or addedQ4 25: 95 cut or sold outQ1 26: 155 bought or addedQ1 26: 92 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20246644
Q3 20247040
Q4 20247240
Q1 202510049
Q2 202510263
Q3 202512061
Q4 202511295
Q1 202615592

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 25 calls: $2.3mQ2 25 puts: $159.4kQ2 25P/C 0.07Q3 25 calls: $867.7kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $659.5kQ4 25 puts: $1.2mQ4 25P/C 1.79Q1 26 calls: $1.4mQ1 26 puts: $337.9kQ1 26P/C 0.25
Numbers
QuarterCallsPutsP/C
Q2 2025$2.3m$159.4k0.07
Q3 2025$867.7k$00.00
Q4 2025$659.5k$1.2m1.79
Q1 2026$1.4m$337.9k0.25

Biggest buyers

VAN ECK ASSOCIATES CORP Added +1,973,385+2.0m
RAYMOND JAMES FINANCIAL INC Added +582,203+582.2k
AE Wealth Management LLC Added +437,945+437.9k
Kiker Wealth Management, LLC Added +429,416+429.4k
SHUFRO ROSE & CO LLC Added +337,720+337.7k
ENVESTNET ASSET MANAGEMENT INC Added +277,218+277.2k
Virtu Financial LLC Added +136,598+136.6k
Brookstone Capital Management New +106,610+106.6k
Quadrature Capital Ltd New +99,805+99.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +94,770+94.8k

Biggest sellers

JPMORGAN CHASE & CO Reduced -373,133-373.1k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -308,918-308.9k
Morton Capital Management LLC/CA Reduced -238,208-238.2k
OSAIC HOLDINGS, INC. Reduced -159,805-159.8k
Faithward Advisors, LLC Sold out -124,875-124.9k
Cetera Investment Advisers Reduced -88,791-88.8k
RENAISSANCE TECHNOLOGIES LLC Reduced -61,630-61.6k
Pekin Hardy Strauss, Inc. Reduced -60,579-60.6k
MML INVESTORS SERVICES, LLC Reduced -58,699-58.7k
Accordant Advisory Group Inc Reduced -25,484-25.5k

Biggest calls

Belvedere Trading LLC Added $414.5k9.2k shares
JANE STREET GROUP, LLC New $310.8k6.9k shares
IMC-Chicago, LLC New $297.3k6.6k shares
CITADEL ADVISORS LLC Added $292.8k6.5k shares
GROUP ONE TRADING LLC Added $49.6k1.1k shares
SIMPLEX TRADING, LLC Reduced $9.0k200 shares

Biggest puts

CITADEL ADVISORS LLC Added $315.4k7.0k shares
Belvedere Trading LLC New $13.5k300 shares
SIMPLEX TRADING, LLC Added $9.0k200 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 VAN ECK ASSOCIATES CORP 0.13% of their portfolio NEW YORK, NY 3,817,5393.8m $172.0m $172.0m 0.13% Added +2.0m +1,973,385
2 Morton Capital Management LLC/CA 23.01% of their portfolio CALABASAS, CA 3,433,2123.4m $154.7m $154.7m 23.01% Reduced -238.2k -238,208
3 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 3,241,8113.2m $146.0m $146.0m 0.04% Added +51.1k +51,122
4 Pitcairn Wealth Advisors LLC 5.10% of their portfolio CONSHOHOCKEN, PA 1,336,9571.3m $55.5m $55.5m 5.10% Added +924 +924
5 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,298,7401.3m $58.5m $58.5m 0.02% Added +582.2k +582,203
6 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,039,3751.0m $46.8m $46.8m 0.01% Added +277.2k +277,218
7 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 976,870976.9k $44.0m $44.0m 0.05% Reduced -88.8k -88,791
8 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 802,105802.1k $36.1m $36.1m 0.01% Added +12.5k +12,522
9 Asset One Wealth Management LLC 3.80% of their portfolio BELLEVUE, WA 763,076763.1k $34.3m $34.3m 3.80% Added +13.6k +13,574
10 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 707,350707.4k $31.9m $31.9m 0.08% Reduced -1.5k -1,468
11 Modern Wealth Management, LLC 0.43% of their portfolio KANSAS CITY, MO 543,585543.6k $24.9m $24.9m 0.43% Reduced -25.0k -24,964
12 Drake & Associates, LLC 4.38% of their portfolio WAUKESHA, WI 510,226510.2k $23.0m $23.0m 4.38% Added +28.5k +28,496
13 AE Wealth Management LLC 0.11% of their portfolio TOPEKA, KS 446,086446.1k $20.1m $20.1m 0.11% Added +437.9k +437,945
14 Kiker Wealth Management, LLC 9.41% of their portfolio JASPER, GA 437,527437.5k $19.7m $19.7m 9.41% Added +429.4k +429,416
15 Euro Pacific Asset Management, LLC 1.73% of their portfolio DORADO, PR 386,587386.6k $17.4m $17.4m 1.73% Reduced -11.5k -11,483
16 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 374,587374.6k $16.9m $16.9m 0.02% Added +1.1k +1,105
17 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 355,749355.7k $16.0m $16.0m 0.04% Reduced -58.7k -58,699
18 SHUFRO ROSE & CO LLC 1.08% of their portfolio NEW YORK, NY 353,101353.1k $15.9m $15.9m 1.08% Added +337.7k +337,720
19 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 345,793345.8k $15.5m $15.5m 0.03% Reduced -308.9k -308,918
20 SILVER OAK SECURITIES, INCORPORATED 1.06% of their portfolio JACKSON, TN 323,003323.0k $14.6m $14.6m 1.06% Reduced -16.8k -16,810
21 Security National Bank 1.86% of their portfolio OMAHA, NE 283,026283.0k $12.8m $12.8m 1.86% Added +15.6k +15,601
22 Accordant Advisory Group Inc 7.63% of their portfolio ANNAPOLIS, MD 273,228273.2k $12.3m $12.3m 7.63% Reduced -25.5k -25,484
23 Pekin Hardy Strauss, Inc. 1.26% of their portfolio CHICAGO, IL 267,716267.7k $12.1m $12.1m 1.26% Reduced -60.6k -60,579
24 Solstein Capital, LLC 4.81% of their portfolio Menlo Park, CA 259,954260.0k $11.7m $11.7m 4.81% Added +4.0k +4,048
25 Virtu Financial LLC 0.48% of their portfolio New York, NY 259,375259.4k $11.7m $11.7m 0.48% Added +136.6k +136,598
26 SFG Wealth Management, LLC. 4.69% of their portfolio TOWSON, MD 252,686252.7k $11.4m $11.4m 4.69% Added +72.8k +72,844
27 Sanctuary Advisors, LLC 0.06% of their portfolio INDIANAPOLIS, IN 252,292252.3k $11.4m $11.4m 0.06% Reduced -15.2k -15,150
28 Ameritas Advisory Services, LLC 0.44% of their portfolio Lincoln, NE 250,987251.0k $11.3m $11.3m 0.44% Reduced -13.2k -13,214
29 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 246,201246.2k $11.1m $11.1m 0.02% Reduced -159.8k -159,805
30 Smart Money Group LLC 3.13% of their portfolio EASTLAND, TX 238,905238.9k $10.8m $10.8m 3.13% Added +4.4k +4,443
31 MONEY CONCEPTS CAPITAL CORP 0.58% of their portfolio PALM BEACH GARDENS, FL 231,641231.6k $10.4m $10.4m 0.58% Reduced -6.5k -6,511
32 Dogwood Wealth Management LLC 4.50% of their portfolio LENEXA, KS 230,079230.1k $10.4m $10.4m 4.50% Reduced -3.2k -3,212
33 Advisory Services Network, LLC 0.12% of their portfolio ATLANTA, GA 205,694205.7k $9.3m $9.3m 0.12% Added +14.4k +14,427
34 FAS Wealth Partners, Inc. 0.57% of their portfolio LEAWOOD, KS 202,477202.5k $9.1m $9.1m 0.57% Added +55.2k +55,193
35 Perennial Investment Advisors, LLC 0.66% of their portfolio Los Angeles, CA 182,616182.6k $8.2m $8.2m 0.66% Added +12.9k +12,926
36 Samalin Investment Counsel, LLC 2.83% of their portfolio CHAPPAQUA, NY 176,906176.9k $8.0m $8.0m 2.83% Reduced -9.3k -9,283
37 PDS Planning, Inc 0.50% of their portfolio DUBLIN, OH 167,778167.8k $7.6m $7.6m 0.50% Unchanged
38 Lifeworks Advisors, LLC 0.96% of their portfolio GRAND RAPIDS, MI 166,147166.1k $7.5m $7.5m 0.96% Reduced -19.4k -19,388
39 Three Cord True Wealth Management, LLC 4.09% of their portfolio Beaver, PA 163,191163.2k $7.4m $7.4m 4.09% Added +8.5k +8,526
40 Forum Financial Management, LP 0.10% of their portfolio LOMBARD, IL 160,123160.1k $7.2m $7.2m 0.10% Unchanged
41 Farther Finance Advisors, LLC 0.07% of their portfolio SAN FRANCISCO, CA 159,292159.3k $7.3m $7.3m 0.07% Reduced -24.1k -24,094
42 Capital Wealth Alliance, LLC 2.99% of their portfolio Scottsdale, AZ 146,727146.7k $6.6m $6.6m 2.99% Reduced -92 -92
43 OPPENHEIMER & CO INC 0.08% of their portfolio NEW YORK, NY 140,136140.1k $6.3m $6.3m 0.08% Added +5.5k +5,452
44 PETRA FINANCIAL ADVISORS INC 3.86% of their portfolio COLORADO SRPINGS, CO 138,452138.5k $6.2m $6.2m 3.86% Added +2.4k +2,379
45 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 134,561134.6k $6.1m $6.1m 0.01% Added +7.5k +7,457
46 MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADV 5.16% of their portfolio CARLSBAD, CA 131,271131.3k $5.9m $5.9m 5.16% Reduced -1.5k -1,452
47 Guild Investment Management, Inc. 3.96% of their portfolio WESTLAKE VILLAGE, CA 122,930122.9k $5.5m $5.5m 3.96% Reduced -21.8k -21,760
48 CENTAURUS FINANCIAL, INC. 0.25% of their portfolio ANAHEIM, CA 115,092115.1k $5.2m $5.2m 0.25% Added +9.7k +9,688
49 Plan Group Financial, LLC 1.17% of their portfolio OKLAHOMA CITY, OK 110,775110.8k $5.0m $5.0m 1.17% Added +3.5k +3,525
50 Gladstone Institutional Advisory LLC 0.18% of their portfolio Bedminster, NJ 109,194109.2k $4.9m $4.9m 0.18% Reduced -465 -465
51 Brookstone Capital Management 0.05% of their portfolio WHEATON, IL 106,610106.6k $4.8m $4.8m 0.05% New
52 Quadrature Capital Ltd 0.05% of their portfolio LONDON, X0 99,80599.8k $4.5m $4.5m 0.05% New
53 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 99,73099.7k $4.5m $4.5m 0.01% Added +94.8k +94,770
54 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 99,30499.3k $4.1m $4.1m 0.03% Added +14.3k +14,285
55 Simplicity Wealth,LLC 0.25% of their portfolio SUMMIT, NJ 96,18096.2k $4.3m $4.3m 0.25% Reduced -9.0k -9,016
56 Stratos Wealth Partners, LTD. 0.05% of their portfolio BEACHWOOD, OH 95,09295.1k $4.3m $4.3m 0.05% Added +2.0k +1,991
57 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 94,64094.6k $4.3m $4.3m 0.01% Added +1.3k +1,308
58 Independent Advisor Alliance 0.04% of their portfolio CHARLOTTE, NC 89,47689.5k $4.0m $4.0m 0.04% New
59 Bucket List Wealth Management, LLC 2.34% of their portfolio The Villages, FL 86,35586.4k $3.9m $3.9m 2.34% Added +4.4k +4,436
60 Atria Investments, Inc 0.04% of their portfolio Charlotte, NC 85,25585.3k $3.8m $3.8m 0.04% Reduced -12.4k -12,437
61 LYELL WEALTH MANAGEMENT, LP 0.28% of their portfolio MENLO PARK, CA 83,24583.2k $3.8m $3.8m 0.28% Added +21.4k +21,450
62 Camarda Financial Advisors, LLC 1.91% of their portfolio FLEMING ISLAND, FL 80,50380.5k $3.6m $3.6m 1.91% Reduced -6.3k -6,293
63 SHEETS SMITH WEALTH MANAGEMENT 0.40% of their portfolio WINSTON-SALEM, NC 78,17178.2k $3.5m $3.5m 0.40% Reduced -665 -665
64 SBE LLC DBA CEDAR COVE WEALTH PARTNERS 1.80% of their portfolio BLOOMINGTON, MN 76,22176.2k $3.4m $3.4m 1.80% New
65 Meixler Investment Management, Ltd. 1.75% of their portfolio SHOW LOW, AZ 72,40272.4k $3.3m $3.3m 1.75% Reduced -185 -185
66 Summit Financial, LLC 0.04% of their portfolio PARSIPPANY, NJ 69,41069.4k $3.1m $3.1m 0.04% Reduced -16.3k -16,336
67 EVOKE WEALTH, LLC 0.06% of their portfolio Los Angeles, CA 69,12269.1k $3.1m $3.1m 0.06% Reduced -11.6k -11,603
68 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 66,39666.4k $3.0m $3.0m 0.00% Reduced -10.4k -10,379
69 USAdvisors Wealth Management, LLC 0.95% of their portfolio EDEN PRAIRIE, MN 65,87265.9k $2.9m $2.9m 0.95% Reduced -955 -955
70 UMB Bank, n.a. 0.04% of their portfolio Kansas City, MO 64,53964.5k $2.9m $2.9m 0.04% Unchanged
71 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 63,61463.6k $2.9m $2.9m 0.00% Reduced -3.1k -3,066
72 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 63,58463.6k $2.9m $2.9m 0.01% Unchanged
73 RDA Financial Network 0.72% of their portfolio AKRON, IA 63,44663.4k $2.9m $2.9m 0.72% Reduced -1.4k -1,427
74 Procyon Advisors, LLC 0.13% of their portfolio SHELTON, CT 59,76259.8k $2.7m $2.7m 0.13% Added +25.8k +25,784
75 My Portfolio Guide, LLC 1.47% of their portfolio SEAL BEACH, CA 59,07559.1k $2.7m $2.7m 1.47% First filing
76 Accurate Wealth Management, LLC 0.32% of their portfolio WESLEY CHAPEL, FL 57,93957.9k $2.7m $2.7m 0.32% Added +11.2k +11,238
77 Sigma Planning Corp 0.07% of their portfolio ANN ARBOR, MI 57,80857.8k $2.6m $2.6m 0.07% Added +9.2k +9,219
78 CreativeOne Wealth, LLC 0.06% of their portfolio OVERLAND PARK, KS 57,31357.3k $2.6m $2.6m 0.06% New
79 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 56,43756.4k $2.5m $2.5m 0.00% New
80 Terra Nova Asset Management LLC 1.86% of their portfolio NEW YORK, NY 55,69555.7k $2.5m $2.5m 1.86% Unchanged
81 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 52,66752.7k $2.4m $2.4m 0.00% New
82 Main Street Financial Solutions, LLC 0.17% of their portfolio NEWTOWN, PA 52,48252.5k $2.4m $2.4m 0.17% Added +3.5k +3,529
83 Valmark Advisers, Inc. 0.03% of their portfolio AKRON, OH 52,47152.5k $2.4m $2.4m 0.03% Added +11.0k +11,029
84 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 52,30952.3k $2.4m $2.4m 0.00% Reduced -6.0k -6,019
85 Golden State Wealth Management, LLC 0.26% of their portfolio SANTA ANA, CA 51,86351.9k $2.3m $2.3m 0.26% Added +46.0k +46,010
86 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 51,42351.4k $2.3m $2.3m 0.00% Added +251 +251
87 Foundations Investment Advisors, LLC 0.03% of their portfolio PHOENIX, AZ 49,39349.4k $2.2m $2.2m 0.03% Added +401 +401
88 Tower Wealth Partners, Inc. 1.21% of their portfolio LEWISBURG, PA 48,54748.5k $2.2m $2.2m 1.21% Reduced -363 -363
89 SPROTT INC. 0.06% of their portfolio TORONTO, A6 44,58344.6k $2.0m $2.0m 0.06% Unchanged
90 Walkner Condon Financial Advisors LLC 0.26% of their portfolio MADISON, WI 43,35243.4k $2.0m $2.0m 0.26% Added +229 +229
91 Blue Line Capital, LLC / IL 2.21% of their portfolio CHICAGO, IL 43,31443.3k $2.0m $2.0m 2.21% New
92 WHITE PINE CAPITAL LLC 0.27% of their portfolio BLOOMINGTON, MN 42,74242.7k $1.9m $1.9m 0.27% Added +21.7k +21,726
93 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 42,33242.3k $1.9m $1.9m 0.01% Added +2.9k +2,866
94 HBW ADVISORY SERVICES LLC 0.20% of their portfolio SIMI VALLEY, CA 41,44541.4k $1.9m $1.9m 0.20% Reduced -14.2k -14,171
95 Washington Trust Advisors, Inc. 0.15% of their portfolio WELLESLEY, MA 41,09341.1k $1.9m $1.9m 0.15% Unchanged
96 Castleview Partners, LLC 0.91% of their portfolio DALLAS, TX 39,31839.3k $1.8m $1.8m 0.91% Added +3.0k +2,980
97 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 39,18939.2k $1.7m $1.7m 0.00% Reduced -373.1k -373,133
98 Mayflower Financial Advisors, LLC 0.21% of their portfolio BOSTON, MA 38,72538.7k $1.7m $1.7m 0.21% Added +620 +620
99 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 37,81737.8k $1.7m $1.7m 0.02% Reduced -702 -702
100 Peck Wealth Management, LLC 1.68% of their portfolio WHITE PLAINS, NY 37,25037.2k $1.7m $1.7m 1.68% Reduced -250 -250