Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

SPDR GOLD TR (GLD)

3K + Investors. Track Smart Money conviction in GLD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +254
Streak
9Q ▲
Buyers last Q
55%

Smart Money Signals — GLD

Based on 2833 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds added GLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
2,833 hedge funds hold GLD right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +27% more funds vs a year ago

fund count last 6Q
+607 new funds entered over the past year (+27% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 55% buying

1401 buying1168 selling
Last quarter: 1,401 funds bought or added vs 1,168 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+141 vs last Q)

new funds entering per quarter
Funds opening a new GLD position: 281 → 203 → 244 → 385. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 20% medium ■ 17% new
1,796 out of 2,833 hedge funds have held GLD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

239 → 281 → 203 → 244 → 385 new funds/Q
New funds entering each quarter: 281 → 203 → 244 → 385. A growing number of institutions are discovering GLD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 12% 1-2yr ■ 23% new
Of 2,956 current holders: 1,924 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 13% AUM from top-100

13% from top-100 AUM funds
33 of 2833 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: GLD

How many hedge funds hold GLD — quarterly history vs. share price
Quarterly hedge fund ownership of GLD vs. share price

Market Analysis: GLD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: GLD

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

181 top-rated funds 188 high-conviction
Consensus
9.8
/ 10
breadth
×
Elite
8.6
/ 10
conviction
Hedge Fund Positioning: GLD
2026 Q1 Stats Unlock in 11 days 3K + Investors

Track Smart Money conviction in GLD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 2956 2701 9.44%
13F Shares 430M 359M 19.84%
Total Value $189.54B $144.30B 31.35%
New Positions 394 248 +146
Increased Positions 1161 1240 -79
Closed Positions 140 144 -4
Reduced Positions 1172 907 +265
Total Calls 88 79 11.39%
Total Puts 70 71 -1.41%
PUT/CALL Ratio 0.8 0.9 Neutral

Statistics: GLD

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

3K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in GLD. Verified SEC 13F-HR filings.

Top 25 institutional holders of GLD — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Gruss & Co., LLC 42.72% 42,500 $18.3M
2 Eurizon Asset Management Hungary Ltd. 40.21% 87,044 $37.5M
3 VISTA FINANCE, LLC 34.24% 100,203 $43.1M
4 PPSC Investment Service Corp 26.54% 781,981 $336.5M
5 Briaud Financial Planning Inc 22.37% 198,343 $85.3M
6 Walser Wealth Management Company, A Ltd Liability Co 20.13% 104,158 $44.8M
7 SKY-MOUNTAIN CAPITAL MANAGEMENT, INC. 18.76% 60,767 $26.1M
8 Corecam AG 18.69% 50,963 $21.9M
9 Corecam Pte. Ltd. 17.92% 96,100 $41.4M
10 Brown University 16.69% 39,500 $17.0M
11 Spider Management Company, LLC 16.44% 133,928 $57.6M
12 Jefferies Financial Group Inc. 16.40% 5,565,600 $2.39B
13 BCM ADVISORS, LLC 15.80% 193,125 $80.1M
14 HELIOS CAPITAL MANAGEMENT PTE. LTD 14.48% 32,000 $13.8M
15 Mader & Shannon Wealth Management, Inc. 13.58% 68,178 $29.3M
16 Portman Square Capital LLP 12.97% 782,500 $336.7M
17 Targeted Financial Services LLC 12.77% 36,171 $15.6M
18 Praxis Capital Management LLC 12.56% 12,500 $5.4M
19 LTS Liquid Investments LLC 12.37% 30,710 $13.2M
20 Ball & Co Wealth Management Inc. 11.93% 33,141 $14K
21 Arizona PSPRS Trust 11.46% 724,052 $311.6M
22 Bayshore Capital Advisors, LLC 11.43% 62,942 $27.1M
23 Climber Capital SA 10.98% 40,736 $16.8M
24 Cassia Capital Partners, LLC 9.95% 44,954 $19.3M
25 MARSHALL INVESTMENT MANAGEMENT, LLC 9.71% 47,049 $20.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — SPDR GOLD TR (GLD)

What does the Smart Money Trend signal show for GLD?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added GLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for GLD?

Slight buying edge — 55% buying: Last quarter: 1,401 funds bought or added vs 1,168 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for GLD holders?

Smaller funds dominant — 13% AUM from top-100: 33 of 2833 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held GLD?

63% of holders stayed for 2+ years: 1,796 out of 2,833 hedge funds have held GLD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.