Who owns Goldman Sachs Physical Gold ETF (AAAU)
Which tracked institutional funds hold AAAU, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See AAAU company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on AAAU is one-sided between 2026-Q1 and 2026-Q2: 26 added or opened and 83 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
AAAU’s largest tracked holder by dollar value, NEOS Investment Management LLC, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in AAAU divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 228 tracked filers holding AAAU, 105 increased or opened the position and 127 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in AAAU between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 11
- ELEVATION POINT WEALTH PARTNERS, LLC$8M
- Vestmark Advisory Solutions, Inc.$8M
- Rockport Wealth LLC$6M
- JANE STREET GROUP, LLC$5M
- AXXCESS WEALTH MANAGEMENT, LLC$3M
- Arkadios Wealth Advisors$3M
Full exits 16
- Quadrature Capital Ltd$26M
- Virtu Financial LLC$23M
- Cambridge Investment Research Advisors, Inc.$13M
- COURAGE CAPITAL MANAGEMENT LLC$9M
- HighTower Advisors, LLC$8M
- Vivaldi Capital Management LP$4M
Largest adds
- Heirloom Wealth Management$32M
- NEOS Investment Management LLC$17M
- AMERICAN NATIONAL BANK & TRUST$6M
- JPMORGAN CHASE & CO$4M
- NewEdge Advisors, LLC$3M
- Fortis Group Advisors, LLC$2M
Largest trims
- Proficio Capital Partners LLC$19M
- Mirae Asset Global Investments Co., Ltd.$9M
- LPL Financial LLC$9M
- RAYMOND JAMES FINANCIAL INC$8M
- Wellspring Financial Advisors, LLC$7M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$7M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| NEOS Investment Management LLC added | 2,734,560 | $108M | 13.4% | 2026-Q2 |
| Wellspring Financial Advisors, LLC added | 2,225,662 | $88M | 10.9% | 2026-Q2 |
| LPL Financial LLC trimmed | 1,151,110 | $46M | 5.6% | 2026-Q2 |
| Heirloom Wealth Management added | 1,005,004 | $40M | 4.9% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 826,242 | $33M | 4.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 823,586 | $33M | 4.0% | 2026-Q2 |
| Proficio Capital Partners LLC trimmed | 759,580 | $30M | 3.7% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC trimmed | 529,428 | $21M | 2.6% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. trimmed | 511,600 | $20M | 2.5% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 412,635 | $16M | 2.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 393,243 | $16M | 1.9% | 2026-Q2 |
| AUGUSTINE ASSET MANAGEMENT INC trimmed | 380,296 | $15M | 1.9% | 2026-Q2 |
| COLTON GROOME FINANCIAL ADVISORS, LLC added | 310,579 | $12M | 1.5% | 2026-Q2 |
| Sonoma Allocations LLC trimmed | 308,858 | $12M | 1.5% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 282,294 | $11M | 1.4% | 2026-Q2 |
| ALERUS FINANCIAL NA trimmed | 281,513 | $11M | 1.4% | 2026-Q2 |
| CLG LLC added | 276,529 | $11M | 1.4% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 274,731 | $11M | 1.3% | 2026-Q2 |
| China Universal Asset Management Co., Ltd. | 242,000 | $10M | 1.2% | 2026-Q2 |
| GoalVest Advisory LLC added | 221,219 | $9M | 1.1% | 2026-Q2 |
| AMERICAN NATIONAL BANK & TRUST added | 220,351 | $9M | 1.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 210,759 | $8M | 1.0% | 2026-Q2 |
| ELEVATION POINT WEALTH PARTNERS, LLC added | 208,601 | $8M | 1.0% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. new | 208,281 | $8M | 1.0% | 2026-Q2 |
| OARSMAN CAPITAL, INC. added | 204,694 | $8M | 1.0% | 2026-Q2 |
| Prospera Financial Services Inc added | 198,011 | $8M | 1.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 193,300 | $8M | 0.9% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 182,319 | $7M | 0.9% | 2026-Q2 |
| Fortis Group Advisors, LLC added | 181,273 | $7M | 0.9% | 2026-Q2 |
| OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC added | 177,988 | $7M | 0.9% | 2026-Q2 |
| Marks Group Wealth Management, Inc trimmed | 170,635 | $7M | 0.8% | 2026-Q2 |
| Winch Advisory Services, LLC added | 145,113 | $6M | 0.7% | 2026-Q2 |
| Rockport Wealth LLC new | 141,928 | $6M | 0.7% | 2026-Q2 |
| World Investment Advisors | 139,349 | $6M | 0.8% | 2026-Q2 |
| Jump Financial, LLC added | 127,111 | $5M | 0.6% | 2026-Q2 |
| Nikulski Financial, Inc. added | 123,390 | $5M | 0.6% | 2026-Q2 |
| Procyon Advisors, LLC trimmed | 122,006 | $5M | 0.6% | 2026-Q2 |
| Geneos Wealth Management Inc. trimmed | 120,387 | $5M | 0.6% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 117,007 | $5M | 0.6% | 2026-Q2 |
| Optimus Capital Advisors, LLC trimmed | 110,408 | $4M | 0.5% | 2026-Q2 |
| MGO ONE SEVEN LLC trimmed | 109,855 | $4M | 0.5% | 2026-Q2 |
| Summit Financial, LLC trimmed | 109,376 | $4M | 0.5% | 2026-Q2 |
| Stratos Wealth Partners, LTD. trimmed | 108,666 | $4M | 0.5% | 2026-Q2 |
| Pinion Investment Advisors, LLC added | 103,766 | $4M | 0.5% | 2026-Q2 |
| Cerity Partners LLC trimmed | 100,810 | $4M | 0.5% | 2026-Q2 |
| Cambridge Advisors Inc. added | 92,025 | $4M | 0.4% | 2026-Q2 |
| WealthTrak Capital Management LLC added | 86,992 | $3M | 0.4% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 83,075 | $3M | 0.4% | 2026-Q2 |
| Riverwater Partners LLC added | 82,626 | $3M | 0.4% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 80,015 | $3M | 0.4% | 2026-Q2 |
| Mutual Advisors, LLC added | 78,870 | $3M | 0.4% | 2026-Q2 |
| GENTRY PRIVATE WEALTH, LLC added | 72,947 | $3M | 0.4% | 2026-Q2 |
| Tandem Financial, LLC trimmed | 71,050 | $3M | 0.3% | 2026-Q2 |
| NewEdge Advisors, LLC added | 69,747 | $3M | 0.3% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC trimmed | 69,211 | $3M | 0.3% | 2026-Q2 |
| Capital Asset Advisory Services LLC added | 69,211 | $3M | 0.3% | 2026-Q2 |
| MOULTON WEALTH MANAGEMENT, INC trimmed | 68,483 | $3M | 0.3% | 2026-Q2 |
| Arkadios Wealth Advisors new | 63,964 | $3M | 0.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 63,325 | $3M | 0.3% | 2026-Q2 |
| Essex Financial Services, Inc. trimmed | 63,138 | $2M | 0.3% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 61,777 | $2M | 0.3% | 2026-Q2 |
| Paladin Advisory Group, LLC added | 61,747 | $2M | 0.3% | 2026-Q2 |
| Foundations Investment Advisors, LLC trimmed | 59,860 | $2M | 0.3% | 2026-Q2 |
| Equitable Holdings, Inc. added | 59,205 | $2M | 0.3% | 2026-Q2 |
| Mariner, LLC trimmed | 59,197 | $2M | 0.3% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 57,761 | $2M | 0.3% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 51,589 | $2M | 0.3% | 2026-Q2 |
| Creative Planning trimmed | 49,586 | $2M | 0.2% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 47,257 | $2M | 0.2% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 46,700 | $2M | 0.2% | 2026-Q2 |
| Private Advisor Group, LLC added | 43,317 | $2M | 0.2% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 41,100 | $2M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 40,098 | $2M | 0.2% | 2026-Q2 |
| Apollon Wealth Management, LLC | 38,981 | $2M | 0.2% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 38,701 | $2M | 0.2% | 2026-Q2 |
| OPTIMA CAPITAL LLC trimmed | 38,564 | $2M | 0.2% | 2026-Q2 |
| Sowell Financial Services LLC trimmed | 38,077 | $2M | 0.2% | 2026-Q2 |
| RETIREMENT GUYS FORMULA LLC trimmed | 37,757 | $1M | 0.2% | 2026-Q2 |
| SAGESPRING WEALTH PARTNERS, LLC added | 36,989 | $1M | 0.2% | 2026-Q2 |
| Advisory Services Network, LLC added | 36,875 | $1M | 0.2% | 2026-Q2 |
| Generation Capital Management LLC trimmed | 36,445 | $1M | 0.2% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 36,444 | $1M | 0.2% | 2026-Q2 |
| Guidance Point Advisors, LLC added | 35,693 | $1M | 0.2% | 2026-Q2 |
| Walser Wealth Management Company, A Ltd Liability Co trimmed | 34,892 | $1M | 0.2% | 2026-Q2 |
| NORTHBRIDGE FINANCIAL GROUP, LLC added | 34,345 | $1M | 0.2% | 2026-Q2 |
| WESPAC Advisors, LLC trimmed | 33,597 | $1M | 0.2% | 2026-Q2 |
| Regal Investment Advisors LLC added | 31,647 | $1M | 0.2% | 2026-Q2 |
| Waverly Advisors, LLC trimmed | 31,441 | $1M | 0.2% | 2026-Q2 |
| Exit Wealth Advisors, LLC. | 31,334 | $1M | 0.2% | 2026-Q2 |
| Corient Private Wealth LP added | 30,434 | $1M | 0.1% | 2026-Q2 |
| MATAURO, LLC added | 30,156 | $1M | 0.1% | 2026-Q2 |
| VISTA INVESTMENT PARTNERS II, LLC trimmed | 29,829 | $1M | 0.1% | 2026-Q2 |
| MORGAN STANLEY trimmed | 28,970 | $1M | 0.1% | 2026-Q2 |
| TCFG Investment Advisors, LLC added | 28,395 | $1M | 0.1% | 2026-Q2 |
| Ipsen Advisor Group LLC added | 27,834 | $1M | 0.1% | 2026-Q2 |
| Sequoia Financial Advisors, LLC trimmed | 25,459 | $1M | 0.1% | 2026-Q2 |
| BARCLAYS PLC new | 25,300 | $1M | 0.1% | 2026-Q2 |
| Haven Private, LLC trimmed | 24,117 | $954K | 0.1% | 2026-Q2 |
| Intrua Financial, LLC trimmed | 23,360 | $924K | 0.1% | 2026-Q2 |
| Visionary Wealth Advisors added | 23,213 | $919K | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.