SPDR GOLD TR (GLD) — Hedge Fund Ownership Q4 2025
GLD
- SPDR GOLD TR (GLD) is held by 4 of 81 tracked hedge funds, with DME Capital Management / Greenlight Capital (2%) and First Eagle Investment Management (2%) holding the largest stakes, indicating limited hedge fund interest relative to peers.
- The biggest increases in GLD holdings came from Matrix Asset Advisors (+3%), highlighting conviction.
- The biggest decreases in GLD holdings came from First Eagle Investment Management (-2%) and DME Capital Management / Greenlight Capital (-3%), suggesting profit-taking or de-risking.
- Overall, hedge funds decreased exposure to SPDR GOLD TR (GLD) by -2% vs the prior quarter and -22% vs prior year.
| # | Fund | % of Portfolio † | Shares † | Shares vs Prior Quarter † | Shares vs Prior Year † | Aggregate Value † | Reported Price * | Option |
|---|---|---|---|---|---|---|---|---|
| 1 |
DME Capital Management / Greenlight Capital
|
2.37% | 171K | -2.59% | -15.54% | $67.6M | $396.31 | — |
| 2 |
First Eagle Investment Management
|
1.73% | 2.5M | -2.23% | -22.61% | $980.8M | $396.31 | — |
| 3 |
Giverny Capital Francois Rochon
|
0.05% | 4K | — | -7.85% | $1.5M | $396.31 | — |
| 4 |
Matrix Asset Advisors David Katz
|
0.04% | 1K | +2.58% | +11.28% | $426,033 | $396.31 | — |
| 4 | Total | — | 2.7M | -2.25% | -22.16% | $1.05B | — | — |
* Reported price is not an actual purchase or sale price. It is the price as of the last portfolio date.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.