OUNZ VANECK MERK GOLD ETF
FUND
CUSIP: 921078101
FIGI: BBG002WYN8V8
Institutional Holders255
Total Institutional Value$1,044,598,483
Total Shares Held28,352,604
Avg Position$4,096,465
Top 5 Holders %40.0%
Alpha-Weighted Score67.7
New Positions+36
Exited Positions-19
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| MORTON CAPITAL MANAGEMENT LLC/CA | Elite Conviction | Minimal Flow | $152,290,519 (14.6%) | 3,671,420 | 8.8% |
| LPL FINANCIAL LLC | High Conviction | Market Mover | $132,349,764 (12.7%) | 3,190,689 | 22.7% |
| CETERA INVESTMENT ADVISERS | High Conviction | Significant Flow | $44,203,619 (4.2%) | 1,065,661 | -31.1% |
| AMERIPRISE FINANCIAL INC | Moderate Conviction | Market Mover | $32,738,107 (3.1%) | 789,583 | 10.3% |
| ENVESTNET ASSET MANAGEMENT INC | High Conviction | Significant Flow | $31,614,292 (3.0%) | 762,157 | -17.0% |
| RAYMOND JAMES FINANCIAL INC | Moderate Conviction | Market Mover | $29,721,954 (2.8%) | 716,537 | 10.6% |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | High Conviction | Significant Flow | $28,322,799 (2.7%) | 654,711 | 7.3% |
| MODERN WEALTH MANAGEMENT, LLC | High Conviction | Moderate Flow | $23,583,393 (2.3%) | 568,549 | -44.5% |
| MML INVESTORS SERVICES, LLC | High Conviction | Significant Flow | $17,191,282 (1.6%) | 414,448 | 7.5% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $17,103,117 (1.6%) | 412,322 | -29.2% |
| OSAIC HOLDINGS, INC. | Moderate Conviction | Market Mover | $16,840,967 (1.6%) | 406,006 | -42.3% |
| HIGHTOWER ADVISORS, LLC | High Conviction | Significant Flow | $15,492,033 (1.5%) | 373,482 | 11.9% |
| WILLIAM E. HOPKINS & ASSOCIATES, INC. | High Conviction | Low Flow | $14,193,989 (1.4%) | 339,813 | - |
| PEKIN SINGER STRAUSS ASSET MANAGEMENT /IL | High Conviction | Low Flow | $13,617,677 (1.3%) | 328,295 | 13.3% |
| ACCORDANT ADVISORY GROUP INC | High Conviction | Minimal Flow | $12,390,574 (1.2%) | 298,712 | 13.4% |
| SECURITY NATIONAL BANK | High Conviction | Low Flow | $11,092,789 (1.1%) | 267,425 | 26.7% |
| AMERITAS ADVISORY SERVICES, LLC | High Conviction | Moderate Flow | $10,959,057 (1.0%) | 264,201 | 9.8% |
| SOLSTEIN CAPITAL, LLC | High Conviction | Low Flow | $10,614,981 (1.0%) | 255,906 | 13.4% |
| MONEY CONCEPTS CAPITAL CORP | High Conviction | Low Flow | $9,878,545 (0.9%) | 238,152 | 8.3% |
| SMART MONEY GROUP LLC | Elite Conviction | Minimal Flow | $9,725,484 (0.9%) | 234,462 | 19.4% |
| Dogwood Wealth Management LLC | High Conviction | Low Flow | $9,676,911 (0.9%) | 233,291 | 10.8% |
| ADVISORY SERVICES NETWORK, LLC | High Conviction | Significant Flow | $7,933,755 (0.8%) | 191,267 | 17.8% |
| SAMALIN INVESTMENT COUNSEL, LLC | High Conviction | Minimal Flow | $7,723,115 (0.7%) | 186,189 | 8.4% |
| LIFEWORKS ADVISORS, LLC | High Conviction | Low Flow | $7,695,989 (0.7%) | 185,535 | 3.3% |
| FARTHER FINANCE ADVISORS, LLC | High Conviction | Significant Flow | $7,606,851 (0.7%) | 183,386 | 7.4% |
| SFG WEALTH MANAGEMENT, LLC. | High Conviction | Minimal Flow | $7,459,844 (0.7%) | 179,842 | 31.9% |
| CAPITAL WEALTH ALLIANCE, LLC | High Conviction | Minimal Flow | $7,176,513 (0.7%) | 146,819 | 30.8% |
| PERENNIAL INVESTMENT ADVISORS, LLC | High Conviction | Low Flow | $7,038,743 (0.7%) | 169,690 | 35.3% |
| PDS PLANNING, INC | High Conviction | Low Flow | $6,959,431 (0.7%) | 167,778 | 11.5% |
| FORUM FINANCIAL MANAGEMENT, LP | High Conviction | Moderate Flow | $6,641,903 (0.6%) | 160,123 | 11.5% |
| Three Cord True Wealth Management, LLC (CIK 0002056001) | High Conviction | Minimal Flow | $6,415,498 (0.6%) | 154,665 | 35.9% |
| FINANCIAL ADVISORY SERVICE, INC. | High Conviction | Low Flow | $6,109,341 (0.6%) | 147,284 | 157.6% |
| GUILD INVESTMENT MANAGEMENT, INC. | High Conviction | Minimal Flow | $6,001,741 (0.6%) | 144,690 | 12.6% |
| PETRA FINANCIAL ADVISORS INC | High Conviction | Minimal Flow | $5,644,308 (0.5%) | 136,073 | 6.2% |
| OPPENHEIMER & CO INC | High Conviction | Moderate Flow | $5,586,692 (0.5%) | 134,684 | 11.1% |
| COMMONWEALTH EQUITY SERVICES, LLP | Moderate Conviction | Market Mover | $5,272,286 (0.5%) | 127,104 | 103,603.5% |
| FAITHWARD ADVISORS, LLC | High Conviction | Low Flow | $5,179,815 (0.5%) | 124,875 | 11.6% |
| GLADSTONE INSTITUTIONAL ADVISORY LLC | High Conviction | Low Flow | $4,548,686 (0.4%) | 109,659 | 5.7% |
| PLAN GROUP FINANCIAL, LLC | High Conviction | Minimal Flow | $4,448,730 (0.4%) | 107,250 | 26.9% |
| SIMPLICITY WEALTH,LLC | High Conviction | Low Flow | $4,363,530 (0.4%) | 105,196 | 14.0% |
| RENAISSANCE TECHNOLOGIES LLC | High Conviction | Significant Flow | $4,069,188 (0.4%) | 98,100 | -7.0% |
| ATRIA INVESTMENTS, INC | High Conviction | Significant Flow | $4,052,264 (0.4%) | 97,692 | 7.8% |
| ROCKEFELLER CAPITAL MANAGEMENT L.P. | High Conviction | Market Mover | $3,872,513 (0.4%) | 93,332 | 18.4% |
| STRATOS WEALTH PARTNERS, LTD. | High Conviction | Moderate Flow | $3,861,854 (0.4%) | 93,101 | 17.9% |
| CAMARDA WEALTH ADVISORY GROUP, LLLP | High Conviction | Minimal Flow | $3,600,298 (0.3%) | 86,796 | -4.9% |
| SUMMIT FINANCIAL, LLC | High Conviction | Moderate Flow | $3,556,744 (0.3%) | 85,746 | 9.2% |
| Equitable Holdings, Inc. | High Conviction | Moderate Flow | $3,526,588 (0.3%) | 85,019 | 85.5% |
| EVOKE WEALTH, LLC | High Conviction | Moderate Flow | $3,348,473 (0.3%) | 80,725 | 115.4% |
| SHEETS SMITH WEALTH MANAGEMENT | High Conviction | Low Flow | $3,270,117 (0.3%) | 78,836 | 4.7% |
| DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN | High Conviction | Market Mover | $3,184,627 (0.3%) | 76,775 | -11.2% |
| MEIXLER INVESTMENT MANAGEMENT, LTD. | High Conviction | Minimal Flow | $3,010,909 (0.3%) | 72,587 | 12.9% |
| CREATIVE PLANNING | High Conviction | Significant Flow | $2,765,886 (0.3%) | 66,680 | 23.1% |
| RDA FINANCIAL NETWORK | High Conviction | Minimal Flow | $2,690,932 (0.3%) | 64,873 | 4.3% |
| UMB BANK, N.A. | High Conviction | Moderate Flow | $2,677,078 (0.3%) | 64,539 | 11.5% |
| LYELL WEALTH MANAGEMENT, LP | High Conviction | Low Flow | $2,563,257 (0.2%) | 61,795 | -9.9% |
| STIFEL FINANCIAL CORP | High Conviction | Market Mover | $2,419,445 (0.2%) | 58,328 | 41.3% |
| TERRA NOVA ASSET MANAGEMENT LLC | High Conviction | Minimal Flow | $2,310,229 (0.2%) | 55,695 | 11.5% |
| HBW ADVISORY SERVICES LLC | High Conviction | Low Flow | $2,306,952 (0.2%) | 55,616 | 21.6% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $2,122,615 (0.2%) | 51,172 | -10.9% |
| FOUNDATIONS INVESTMENT ADVISORS, LLC | High Conviction | Moderate Flow | $2,032,188 (0.2%) | 48,992 | 19.3% |
| MAIN STREET FINANCIAL SOLUTIONS, LLC | High Conviction | Low Flow | $2,030,570 (0.2%) | 48,953 | 25.0% |
| TOWER WEALTH PARTNERS, INC. | High Conviction | Minimal Flow | $2,028,787 (0.2%) | 48,910 | 7.0% |
| ACCURATE WEALTH MANAGEMENT, LLC | High Conviction | Low Flow | $2,025,889 (0.2%) | 46,701 | 44.8% |
| SIGMA PLANNING CORP | High Conviction | Moderate Flow | $1,992,133 (0.2%) | 48,589 | - |
| WESPAC ADVISORS, LLC | High Conviction | Minimal Flow | $1,911,108 (0.2%) | 46,073 | 11.5% |
| WARWICK INVESTMENT MANAGEMENT, INC. | High Conviction | Minimal Flow | $1,855,193 (0.2%) | 44,725 | -14.8% |
| SPROTT INC. | High Conviction | Low Flow | $1,849,303 (0.2%) | 44,583 | 14.7% |
| WALKNER CONDON FINANCIAL ADVISORS LLC | High Conviction | Low Flow | $1,789,307 (0.2%) | 43,123 | 8.7% |
| VALMARK ADVISERS, INC. | High Conviction | Moderate Flow | $1,719,014 (0.2%) | 41,442 | 15.0% |
| WASHINGTON TRUST ADVISORS, INC. | High Conviction | Low Flow | $1,704,538 (0.2%) | 41,093 | 6.6% |
| HB WEALTH MANAGEMENT, LLC | High Conviction | Moderate Flow | $1,637,050 (0.2%) | 39,466 | 72.0% |
| SLOY DAHL & HOLST, LLC | High Conviction | Low Flow | $1,621,662 (0.2%) | 39,095 | 13.0% |
| RESOURCES INVESTMENT ADVISORS, LLC. | High Conviction | Moderate Flow | $1,597,768 (0.2%) | 38,519 | 7.3% |
| MAYFLOWER FINANCIAL ADVISORS, LLC | High Conviction | Low Flow | $1,580,595 (0.2%) | 38,105 | 13.6% |
| BAKER ELLIS ASSET MANAGEMENT LLC | High Conviction | Low Flow | $1,534,760 (0.1%) | 37,000 | 11.5% |
| CASTLEVIEW PARTNERS, LLC | High Conviction | Minimal Flow | $1,507,300 (0.1%) | 36,338 | -43.6% |
| PROCYON PRIVATE WEALTH PARTNERS, LLC | High Conviction | Low Flow | $1,409,407 (0.1%) | 33,978 | 14.2% |
| CLEAR HARBOR ASSET MANAGEMENT, LLC | High Conviction | Low Flow | $1,401,402 (0.1%) | 33,785 | -54.9% |
| COLONY GROUP, LLC | High Conviction | Significant Flow | $1,362,328 (0.1%) | 32,843 | 11.5% |
| CWC ADVISORS, LLC. | High Conviction | Minimal Flow | $1,325,410 (0.1%) | 31,953 | 7.8% |
| SRS CAPITAL ADVISORS, INC. | Moderate Conviction | Moderate Flow | $1,292,600 (0.1%) | 31,162 | 11.5% |
| SEQUOIA FINANCIAL ADVISORS, LLC | High Conviction | Moderate Flow | $1,233,450 (0.1%) | 29,736 | 11.5% |
| Cadence Bank | High Conviction | Low Flow | $1,145,096 (0.1%) | 27,606 | 21.2% |
| DINUZZO PRIVATE WEALTH, INC. | High Conviction | Low Flow | $1,126,597 (0.1%) | 27,160 | 33.4% |
| MPWM ADVISORY SOLUTIONS, LLC | High Conviction | Minimal Flow | $1,063,926 (0.1%) | 25,649 | 1,794.6% |
| ROBERTSON STEPHENS WEALTH MANAGEMENT, LLC | High Conviction | Moderate Flow | $1,058,777 (0.1%) | 25,525 | 9.4% |
| BENJAMIN EDWARDS INC | High Conviction | Moderate Flow | $1,050,036 (0.1%) | 25,315 | 5.3% |
| INVST, LLC | High Conviction | Low Flow | $1,027,974 (0.1%) | 26,112 | 150.7% |
| MATHER GROUP, LLC. | High Conviction | Moderate Flow | $1,011,739 (0.1%) | 24,391 | -18.6% |
| ORG PARTNERS LLC | High Conviction | Moderate Flow | $979,493 (0.1%) | 23,614 | 13.6% |
| MERK INVESTMENTS LLC | Elite Conviction | Minimal Flow | $948,523 (0.1%) | 22,867 | -4.1% |
| IRONSIDES ASSET ADVISORS, LLC | Elite Conviction | Minimal Flow | $943,214 (0.1%) | 22,739 | NEW |
| HARTREE PARTNERS, LP | High Conviction | Minimal Flow | $930,000 (0.1%) | 2,000 | NEW |
| COMERICA BANK | High Conviction | Significant Flow | $910,776 (0.1%) | 21,957 | - |
| MARINER, LLC | High Conviction | Market Mover | $907,666 (0.1%) | 21,882 | -64.4% |
| CASCADE INVESTMENT GROUP, INC. | High Conviction | Minimal Flow | $890,161 (0.1%) | 21,460 | NEW |
| WHITE PINE CAPITAL LLC | High Conviction | Low Flow | $871,744 (0.1%) | 21,016 | 5.1% |
| FINANCIAL & TAX ARCHITECTS, LLC | High Conviction | Minimal Flow | $864,360 (0.1%) | 20,838 | 21.3% |
| WEALTH QUARTERBACK LLC | High Conviction | Minimal Flow | $861,706 (0.1%) | 20,774 | 48.7% |
| YALE CAPITAL CORP | Elite Conviction | Low Flow | $792,268 (0.1%) | 19,100 | NEW |
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 | 251 | $1.06B | 28,947,911 | $36.78 |
| Q3 25 | 220 | $0.98B | 29,391,038 | $33.33 |
| Q2 25 | 205 | $0.77B | 27,594,177 | $27.91 |
| Q1 25 | 184 | $0.72B | 26,098,720 | $27.65 |
| Q4 24 | 163 | $0.64B | 27,813,938 | $22.92 |
| Q3 24 | 149 | $0.50B | 21,865,705 | $23.08 |
| Q2 24 | 139 | $0.43B | 21,217,926 | $20.19 |
| Q1 24 | 124 | $0.38B | 19,547,144 | $19.42 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.