SGOL ETFS GOLD TR
PHYSCL GOLD SHS
CUSIP: 00326A104
FIGI: BBG000BDHB87
Institutional Holders460
Total Institutional Value$2,458,042,627
Total Shares Held61,729,746
Avg Position$5,343,571
Top 5 Holders %32.9%
Alpha-Weighted Score66.5
New Positions+55
Exited Positions-16
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| METIS GLOBAL PARTNERS, LLC | High Conviction | Moderate Flow | $252,662,294 (10.3%) | 6,150,494 | - |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $179,417,640 (7.3%) | 4,367,518 | -41.0% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $156,896,933 (6.4%) | 3,819,302 | -43.1% |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $124,342,066 (5.1%) | 3,026,827 | 14.5% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $95,294,522 (3.9%) | 2,319,730 | 17.9% |
| LPL FINANCIAL LLC | High Conviction | Market Mover | $84,610,805 (3.4%) | 2,059,659 | 30.7% |
| HIGHTOWER ADVISORS, LLC | High Conviction | Significant Flow | $75,331,283 (3.1%) | 1,833,770 | 9.7% |
| UBS Group AG | Moderate Conviction | Market Mover | $71,342,568 (2.9%) | 1,736,674 | 14.5% |
| GUARDIAN POINT CAPITAL, LP | High Conviction | Minimal Flow | $53,404,000 (2.2%) | 1,300,000 | 20.9% |
| PURE PORTFOLIOS HOLDINGS LLC (CIK 0002041678) | High Conviction | Minimal Flow | $41,631,494 (1.7%) | 1,013,425 | 11.4% |
| ENVESTNET ASSET MANAGEMENT INC | High Conviction | Significant Flow | $41,380,707 (1.7%) | 1,007,320 | 7.1% |
| ALMANACK INVESTMENT PARTNERS, LLC. | Elite Conviction | Minimal Flow | $41,295,095 (1.7%) | 1,005,236 | 6.7% |
| ETHOS FINANCIAL GROUP, LLC | High Conviction | Low Flow | $40,970,111 (1.7%) | 997,325 | 14.3% |
| Jain Global LLC | High Conviction | Significant Flow | $26,464,558 (1.1%) | 644,220 | NEW |
| ROYAL BANK OF CANADA | High Conviction | Market Mover | $25,809,000 (1.0%) | 628,244 | -54.4% |
| MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. | High Conviction | Significant Flow | $25,533,274 (1.0%) | 621,550 | 18.3% |
| LONDON & CAPITAL ASSET MANAGEMENT LTD | High Conviction | Moderate Flow | $25,325,818 (1.0%) | 616,575 | NEW |
| RAYMOND JAMES FINANCIAL INC | Moderate Conviction | Market Mover | $24,305,598 (1.0%) | 591,665 | 31.4% |
| AMELIORA WEALTH MANAGEMENT LTD. | High Conviction | Minimal Flow | $24,160,100 (1.0%) | 588,218 | 29.2% |
| TOWNELEY CAPITAL MANAGEMENT, INC / DE | High Conviction | Minimal Flow | $24,023,677 (1.0%) | 584,802 | 7.5% |
| CETERA INVESTMENT ADVISERS | High Conviction | Significant Flow | $23,840,206 (1.0%) | 580,336 | 14.4% |
| MCCORMACK ADVISORS INTERNATIONAL | High Conviction | Significant Flow | $22,578,390 (0.9%) | 549,620 | 11.2% |
| KESTRA ADVISORY SERVICES, LLC | High Conviction | Significant Flow | $22,196,266 (0.9%) | 540,318 | 18.0% |
| BFSG, LLC | High Conviction | Low Flow | $20,431,077 (0.8%) | 497,349 | 10.3% |
| COMMONWEALTH EQUITY SERVICES, LLP | Moderate Conviction | Market Mover | $20,391,374 (0.8%) | 496,382 | 119,085.1% |
| JANE STREET GROUP, LLC | Moderate Conviction | Market Mover | $19,337,835 (0.8%) | 470,736 | 830.9% |
| ALLEN CAPITAL GROUP, LLC | High Conviction | Low Flow | $19,071,185 (0.8%) | 464,245 | -11.8% |
| SAVVY ADVISORS, INC. | High Conviction | Moderate Flow | $18,901,360 (0.8%) | 460,111 | 7.1% |
| MML INVESTORS SERVICES, LLC | High Conviction | Significant Flow | $18,900,254 (0.8%) | 460,084 | 9.2% |
| WT WEALTH MANAGEMENT | High Conviction | Minimal Flow | $18,586,389 (0.8%) | 452,444 | -35.8% |
| BAIRD FINANCIAL GROUP, INC. | High Conviction | Significant Flow | $17,719,694 (0.7%) | 431,346 | 15.4% |
| Stonebridge Financial Group, LLC (CIK 0002009367) | High Conviction | Low Flow | $17,655,732 (0.7%) | 429,789 | 14.0% |
| THRIVENT TRUST CO OF TENNESSEE, INC. | High Conviction | Moderate Flow | $16,981,654 (0.7%) | 413,380 | 7.7% |
| TUDOR INVESTMENT CORP ET AL | Moderate Conviction | Significant Flow | $16,103,689 (0.7%) | 392,008 | 55.8% |
| NEWMAN DIGNAN & SHEERAR, INC. | High Conviction | Minimal Flow | $15,602,841 (0.6%) | 379,816 | 4.3% |
| MERIT FINANCIAL GROUP, LLC | High Conviction | Significant Flow | $15,446,244 (0.6%) | 376,004 | -45.5% |
| ENCOMPASS MORE ASSET MANAGEMENT | High Conviction | Low Flow | $15,253,209 (0.6%) | 371,305 | 13.7% |
| MOUNTAIN LAKE INVESTMENT MANAGEMENT LLC | Elite Conviction | Minimal Flow | $14,900,579 (0.6%) | 362,721 | -11.8% |
| FOCUS FINANCIAL NETWORK, INC. | High Conviction | Low Flow | $14,712,556 (0.6%) | 358,144 | 12.7% |
| AMERIPRISE FINANCIAL INC | Moderate Conviction | Market Mover | $14,586,748 (0.6%) | 355,082 | 61.4% |
| CHOATE INVESTMENT ADVISORS | Elite Conviction | Moderate Flow | $14,229,414 (0.6%) | 346,383 | 26.3% |
| MRWM Advisors, LLC | High Conviction | Minimal Flow | $13,981,373 (0.6%) | 340,345 | 6.8% |
| CYPRESS CAPITAL, LLC | High Conviction | Minimal Flow | $13,109,696 (0.5%) | 319,126 | 11.1% |
| 180 WEALTH ADVISORS, LLC | High Conviction | Low Flow | $12,406,429 (0.5%) | 302,007 | 13.2% |
| OSAIC HOLDINGS, INC. | Moderate Conviction | Market Mover | $12,186,537 (0.5%) | 296,657 | -36.7% |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $12,103,647 (0.5%) | 294,636 | 2.6% |
| AQR CAPITAL MANAGEMENT LLC | High Conviction | Market Mover | $12,067,127 (0.5%) | 293,747 | 11.9% |
| CAPITAL MANAGEMENT ASSOCIATES, INC | High Conviction | Minimal Flow | $11,677,113 (0.5%) | 284,253 | 8.0% |
| KENSINGTON ASSET MANAGEMENT, LLC | Elite Conviction | Low Flow | $11,500,943 (0.5%) | 278,002 | 83.1% |
| MARINER, LLC | High Conviction | Market Mover | $11,395,428 (0.5%) | 277,396 | 13.0% |
| INSPIRE ADVISORS, LLC | High Conviction | Low Flow | $11,118,790 (0.5%) | 270,661 | 35.5% |
| US BANCORP \DE\ | High Conviction | Significant Flow | $11,032,280 (0.4%) | 268,556 | 11.6% |
| FRANKLIN RESOURCES INC | High Conviction | Market Mover | $10,608,786 (0.4%) | 258,247 | 11.6% |
| FIDUCIARY ALLIANCE LLC | High Conviction | Low Flow | $10,583,728 (0.4%) | 257,637 | 37.1% |
| TIMBER CREEK CAPITAL MANAGEMENT LLC | High Conviction | Minimal Flow | $9,519,099 (0.4%) | 231,721 | 12.1% |
| NEWEDGE ADVISORS, LLC | High Conviction | Significant Flow | $9,494,923 (0.4%) | 231,133 | -14.8% |
| AVESTAR CAPITAL, LLC | High Conviction | Low Flow | $9,360,366 (0.4%) | 227,857 | 40.4% |
| EMPIRICAL ASSET MANAGEMENT, LLC | High Conviction | Low Flow | $8,461,289 (0.3%) | 205,971 | 35.7% |
| CHINA UNIVERSAL ASSET MANAGEMENT CO., LTD. | High Conviction | Low Flow | $8,359,780 (0.3%) | 203,500 | 55.6% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Moderate Conviction | Market Mover | $8,334,968 (0.3%) | 202,896 | 9.8% |
| Evelyn Partners Asset Management Ltd (CIK 0002065207) | High Conviction | Minimal Flow | $8,311,716 (0.3%) | 202,330 | -40.5% |
| BILLEAUD CAPITAL MANAGEMENT, LLC | Elite Conviction | Minimal Flow | $8,130,044 (0.3%) | 171,267 | 22.4% |
| Avos Capital Management, LLC (CIK 0001948622) | High Conviction | Minimal Flow | $7,744,806 (0.3%) | 188,530 | 5.2% |
| JONES FINANCIAL COS LP | Elite Conviction | Market Mover | $7,409,600 (0.3%) | 180,370 | 53.0% |
| ROCKEFELLER CAPITAL MANAGEMENT L.P. | High Conviction | Market Mover | $7,306,225 (0.3%) | 177,254 | 148.1% |
| MONECO ADVISORS, LLC | High Conviction | Low Flow | $6,277,270 (0.3%) | 152,806 | 11.5% |
| CAPTRUST FINANCIAL ADVISORS | High Conviction | Significant Flow | $6,136,819 (0.2%) | 149,387 | 11.2% |
| STIFEL FINANCIAL CORP | High Conviction | Market Mover | $6,071,130 (0.2%) | 147,788 | 23.2% |
| RSM US WEALTH MANAGEMENT LLC | High Conviction | Moderate Flow | $5,988,390 (0.2%) | 144,752 | 5.7% |
| CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC | High Conviction | Minimal Flow | $5,856,159 (0.2%) | 142,555 | 68.6% |
| TERRA NOVA ASSET MANAGEMENT LLC | High Conviction | Minimal Flow | $5,496,792 (0.2%) | 133,807 | 7.0% |
| Luminist Capital LLC | High Conviction | Minimal Flow | $5,466,926 (0.2%) | 133,097 | 7.2% |
| HARBOUR INVESTMENTS, INC. | High Conviction | Moderate Flow | $5,465,160 (0.2%) | 133,037 | 18.9% |
| COLONY GROUP, LLC | High Conviction | Significant Flow | $5,285,560 (0.2%) | 128,748 | 45.4% |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | High Conviction | Significant Flow | $5,279,954 (0.2%) | 123,277 | 11.5% |
| Equitable Holdings, Inc. | High Conviction | Moderate Flow | $5,035,381 (0.2%) | 122,575 | - |
| PROFICIO CAPITAL PARTNERS LLC | High Conviction | Low Flow | $4,946,977 (0.2%) | 120,423 | -44.2% |
| NARWHAL CAPITAL MANAGEMENT | High Conviction | Low Flow | $4,766,348 (0.2%) | 116,026 | 11.6% |
| SYON CAPITAL LLC | High Conviction | Low Flow | $4,729,787 (0.2%) | 115,136 | 11.6% |
| WORTH ASSET MANAGEMENT, LLC | High Conviction | Minimal Flow | $4,504,339 (0.2%) | 109,648 | 74.5% |
| CRESSET ASSET MANAGEMENT, LLC | High Conviction | Significant Flow | $4,480,267 (0.2%) | 109,062 | -51.3% |
| ARKADIOS WEALTH ADVISORS | High Conviction | Significant Flow | $4,291,915 (0.2%) | 104,477 | 15.3% |
| Wealth Watch Advisors, INC | High Conviction | Minimal Flow | $4,074,848 (0.2%) | 99,193 | 98.3% |
| WCG WEALTH ADVISORS LLC | High Conviction | Moderate Flow | $3,948,651 (0.2%) | 96,121 | 12.9% |
| CENTURION WEALTH MANAGEMENT LLC | High Conviction | Minimal Flow | $3,894,631 (0.2%) | 94,806 | 12.2% |
| RESOURCES INVESTMENT ADVISORS, LLC. | High Conviction | Moderate Flow | $3,859,466 (0.2%) | 93,950 | 105.8% |
| BROOKSTONE CAPITAL MANAGEMENT | High Conviction | Moderate Flow | $3,762,490 (0.2%) | 91,589 | 14.8% |
| Global View Capital Management LLC | High Conviction | Minimal Flow | $3,509,095 (0.1%) | 85,421 | -80.7% |
| PEKIN SINGER STRAUSS ASSET MANAGEMENT /IL | High Conviction | Low Flow | $3,495,292 (0.1%) | 85,085 | 17.8% |
| ATOMI FINANCIAL GROUP, INC. | High Conviction | Moderate Flow | $3,493,592 (0.1%) | 85,044 | 13.5% |
| TRUE NORTH ADVISORS, LLC | High Conviction | Low Flow | $3,443,161 (0.1%) | 83,816 | 14.5% |
| GLOBAL ASSETS ADVISORY, LLC | High Conviction | Low Flow | $3,401,588 (0.1%) | 82,804 | 16.6% |
| AMARA FINANCIAL, LLC. | High Conviction | Minimal Flow | $3,356,729 (0.1%) | 81,712 | 7.9% |
| MATAURO, LLC | High Conviction | Minimal Flow | $3,301,429 (0.1%) | 80,366 | 11.7% |
| ASPECT PARTNERS, LLC | High Conviction | Low Flow | $3,252,098 (0.1%) | 79,165 | 9.9% |
| CREATIVE PLANNING | High Conviction | Significant Flow | $3,243,323 (0.1%) | 78,951 | 13.6% |
| JUMP FINANCIAL, LLC | High Conviction | Significant Flow | $3,230,572 (0.1%) | 78,641 | NEW |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | Moderate Conviction | Significant Flow | $3,124,325 (0.1%) | 70,534 | 5.9% |
| FIDUCIARY FINANCIAL GROUP, LLC | High Conviction | Low Flow | $3,098,747 (0.1%) | 75,432 | 8.8% |
| BOS ASSET MANAGEMENT, LLC | High Conviction | Minimal Flow | $2,919,761 (0.1%) | 71,075 | 11.6% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 457 | $2.47B | 62,024,663 | $39.76 |
| Q3 25 | 398 | $2.62B | 74,105,652 | $35.29 |
| Q2 25 | 382 | $1.78B | 59,218,710 | $29.98 |
| Q1 25 | 380 | $1.70B | 59,830,588 | $28.42 |
| Q4 24 | 351 | $1.31B | 57,904,984 | $22.59 |
| Q3 24 | 325 | $1.37B | 56,189,878 | $24.36 |
| Q2 24 | 303 | $1.03B | 57,061,599 | $18.12 |
| Q1 24 | 285 | $0.93B | 47,802,492 | $19.48 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.