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
↑ +124
Streak
10Q ▲
Buyers last Q
49%

Smart Money Signals — GLD

Based on 3176 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 10 quarters in a row

last 6Q
For 10 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
3,176 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 — +25% more funds vs a year ago

fund count last 6Q
+645 new funds entered over the past year (+25% 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.
🟠

More sellers than buyers — 49% buying

1434 buying1520 selling
Last quarter: 1,520 funds reduced or exited vs 1,434 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-111 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 226 → 264 → 440 → 329. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 21% medium ■ 20% new
1,890 out of 3,176 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.
💰

Price up while funds trimmed (+10% value, -6% shares)

Value
+9%
Shares
-6%
Last quarter: total value of institutional GLD holdings rose +10% even though funds reduced share count by 6%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

302 → 226 → 264 → 440 → 329 new funds/Q
New funds entering each quarter: 226 → 264 → 440 → 329. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 63% veterans vs 24% newcomers

■ 63% veterans ■ 13% 1-2yr ■ 24% new
Entry-cohort mix of 3,318 holders: 2,093 (63%) are 2+ year veterans, 429 entered 1–2 years ago, and 796 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
49 of 3141 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in GLD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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.

Institutional Sentiment Summary — GLD

In 2026 Q1, 1434 hedge funds were net buyers of GLD (329 opened a new position, 1105 added to an existing one), while 1520 reduced or exited (1315 trimmed, 205 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. This marks 10 consecutive quarters of net institutional buying — a persistent conviction signal. 44% of total institutional value in GLD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +124 funds (more new holders than closures). Total institutional holders: 3176.

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.

Is It Too Late to Buy Spdr Gold Tr (GLD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much GLD has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 85d ago
GLD
-10.6%
SPY
+14.9%

GLD outperformed SPY by -25.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
GLD
-7.8%
SPY
+1.1%

Since the filing became public, GLD outperformed SPY by -8.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Strong Institutional Conviction

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

109 top-rated funds 187 high-conviction
Consensus
8.9
/ 10
breadth
×
Elite
7.9
/ 10
conviction
Hedge Fund Positioning: GLD
3K + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 3132 3052 2.62%
13F Shares 406M 434M -6.42%
Total Value $178.66B $190.96B -6.44%
New Positions 311 440 -129
Increased Positions 1054 1042 +12
Closed Positions 231 137 +94
Reduced Positions 1263 1063 +200
Total Calls 103 88 17.05%
Total Puts 66 72 -8.33%
PUT/CALL Ratio 0.64 0.82 Bullish

Statistics: GLD

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

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.

QUARTER:
Top 25 GLD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Children's Medical Center Corp 100.00% 185,220 $79.7M
2 Marino Management, LLC 87.01% 1,106,395 $476.1M
3 Caxton Corp 81.50% 7,623 $3.3M
4 Stenham Asset Management Ltd 67.93% 325,001 $139.8M
5 Starr Indemnity & Liability Co 66.41% 607,410 $261.4M
6 C V Starr & Co Inc 56.41% 251,400 $108.2M
7 LMR Partners LLP 49.25% 52,003,800 $22.38B
8 Gruss & Co., LLC 42.72% 42,500 $18.3M
9 Alamea Verwaltungs GmbH 41.79% 131,069 $56.4M
10 Eurizon Asset Management Hungary Ltd. 40.21% 87,044 $37.5M
11 Bleichroeder LP 35.33% 475,000 $204.4M
12 Vista Finance, LLC 34.24% 100,203 $43.1M
13 Parametrica Management Ltd 26.90% 55,000 $23.7M
14 PPSC Investment Service Corp 26.54% 781,981 $336.5M
15 Sassicaia Capital Advisers LLC 22.84% 47,120 $20.3M
16 Briaud Financial Planning Inc 22.37% 198,343 $85.3M
17 First Trust Bank, Ltd. 21.72% 25,688 $11.1M
18 Walser Wealth Management Company, A Ltd Liability Co 20.13% 104,158 $44.8M
19 Sky-Mountain Capital Management, INC. 18.76% 60,767 $26.1M
20 Corecam AG 18.69% 50,963 $21.9M
21 Corecam Pte. Ltd. 17.92% 96,100 $41.4M
22 Gordian Capital Singapore Pte Ltd 16.90% 23,500 $10.1M
23 Brown University 16.69% 39,500 $17.0M
24 Spider Management Company, LLC 16.44% 133,928 $57.6M
25 Jefferies Financial Group Inc. 16.40% 5,565,600 $2.39B
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 — 10 quarters in a row: For 10 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?

More sellers than buyers — 49% buying: Last quarter: 1,520 funds reduced or exited vs 1,434 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for GLD holders?

Elite ownership — 44% AUM from top-100 funds: 49 of 3141 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in GLD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held GLD?

60% of holders stayed for 2+ years: 1,890 out of 3,176 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.

Is it too late to buy Spdr Gold Tr (GLD) following the 2026 Q1 hedge fund 13F filings?

As of today, GLD has moved -7.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -8.9%. Since the quarter end (March 31, 2026), GLD has gained -10.6% vs +14.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Full history →