Who owns GAU
Which tracked institutional funds hold GAU, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See GAU company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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 GAU is one-sided between 2026-Q1 and 2026-Q2: 3 added or opened and 36 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
GAU’s largest tracked holder by dollar value, DONALD SMITH & CO., INC., sizes it at 0.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in GAU 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 82 tracked filers holding GAU, 41 increased or opened the position and 51 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 GAU 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.
Full exits 4
- ACADIAN ASSET MANAGEMENT LLC$11M
- MARSHALL WACE, LLP$8M
- Polunin Capital Partners Ltd$5M
- Walleye Capital LLC$4M
Largest adds
- AEGIS FINANCIAL CORP$10M
- Man Group plc$3M
- DIMENSIONAL FUND ADVISORS LP$2M
Largest trims
- BANK OF AMERICA CORP /DE/$9M
- Ruffer LLP$9M
- DONALD SMITH & CO., INC.$9M
- FRANKLIN RESOURCES INC$8M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$7M
- MORGAN STANLEY$6M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| DONALD SMITH & CO., INC. added | 26,339,874 | $49M | 15.5% | 2026-Q2 |
| AEGIS FINANCIAL CORP added | 14,125,317 | $26M | 8.3% | 2026-Q2 |
| Ruffer LLP trimmed | 12,994,532 | $24M | 7.6% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 11,942,322 | $22M | 7.0% | 2026-Q2 |
| Equinox Partners Investment Management LLC | 9,357,961 | $17M | 5.5% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 7,784,725 | $15M | 4.6% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 6,323,862 | $12M | 3.7% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 5,595,367 | $10M | 3.3% | 2026-Q2 |
| Pale Fire Capital SE added | 5,036,654 | $9M | 3.0% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP trimmed | 4,581,447 | $9M | 2.7% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 4,373,588 | $8M | 2.6% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 3,919,488 | $7M | 2.3% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 3,500,000 | $7M | 2.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 3,385,300 | $6M | 2.0% | 2026-Q2 |
| Man Group plc added | 2,184,377 | $4M | 1.3% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 1,973,681 | $4M | 1.2% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1,641,182 | $3M | 1.0% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 1,554,405 | $3M | 0.9% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 1,406,326 | $3M | 0.8% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,217,321 | $2M | 0.7% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 1,178,212 | $2M | 0.7% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 910,655 | $2M | 0.5% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 544,289 | $1M | 0.3% | 2026-Q2 |
| De Lisle Partners LLP | 445,044 | $834K | 0.3% | 2026-Q2 |
| XTX Topco Ltd trimmed | 438,850 | $821K | 0.3% | 2026-Q2 |
| TD Asset Management Inc added | 410,889 | $767K | 0.2% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 282,481 | $749K | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 391,114 | $731K | 0.2% | 2026-Q2 |
| UBS Group AG trimmed | 367,467 | $687K | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 358,547 | $670K | 0.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 350,441 | $655K | 0.2% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 349,916 | $654K | 0.2% | 2026-Q2 |
| Graham Capital Management, L.P. added | 327,278 | $612K | 0.2% | 2026-Q2 |
| Engineers Gate Manager LP added | 260,028 | $486K | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 226,272 | $423K | 0.1% | 2026-Q2 |
| Quadrature Capital Ltd trimmed | 217,171 | $406K | 0.1% | 2026-Q2 |
| State of Tennessee, Department of Treasury added | 184,582 | $345K | 0.1% | 2026-Q2 |
| Centiva Capital, LP trimmed | 180,668 | $338K | 0.1% | 2026-Q2 |
| Quantbot Technologies LP added | 178,851 | $334K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 174,852 | $327K | 0.1% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO trimmed | 157,552 | $294K | 0.1% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 152,026 | $278K | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 119,676 | $224K | 0.1% | 2026-Q2 |
| STATE STREET CORP added | 118,013 | $221K | 0.1% | 2026-Q2 |
| Orvieto Partners, L.P. | 100,000 | $187K | 0.1% | 2026-Q2 |
| Net Worth Advisory Group trimmed | 95,984 | $179K | 0.1% | 2026-Q2 |
| CIBC WORLD MARKET INC. trimmed | 82,066 | $153K | 0.0% | 2026-Q2 |
| Ashton Thomas Private Wealth, LLC added | 78,374 | $146K | 0.0% | 2026-Q2 |
| Gotham Asset Management, LLC added | 76,763 | $144K | 0.0% | 2026-Q2 |
| Northwest & Ethical Investments L.P. added | 73,400 | $137K | 0.0% | 2026-Q2 |
| Aigen Investment Management, LP new | 70,363 | $132K | 0.0% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC trimmed | 65,054 | $122K | 0.0% | 2026-Q2 |
| SPROTT INC. | 62,362 | $117K | 0.0% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 43,507 | $80K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 40,087 | $75K | 0.0% | 2026-Q2 |
| New Vernon Capital Holdings II LLC new | 36,900 | $69K | 0.0% | 2026-Q2 |
| CITIGROUP INC added | 30,112 | $56K | 0.0% | 2026-Q2 |
| CoreCap Advisors, LLC | 30,000 | $56K | 0.0% | 2026-Q2 |
| Dynamic Technology Lab Private Ltd trimmed | 27,172 | $51K | 0.0% | 2026-Q2 |
| TWO SIGMA SECURITIES, LLC added | 24,862 | $46K | 0.0% | 2026-Q2 |
| Blueshift Asset Management, LLC new | 22,235 | $42K | 0.0% | 2026-Q2 |
| IMC-Chicago, LLC new | 22,055 | $41K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 20,774 | $39K | 0.0% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 19,066 | $36K | 0.0% | 2026-Q2 |
| Mariner, LLC added | 18,218 | $34K | 0.0% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 17,143 | $33K | 0.0% | 2026-Q2 |
| Tacita Capital Inc new | 17,252 | $32K | 0.0% | 2026-Q2 |
| LPL Financial LLC added | 16,645 | $31K | 0.0% | 2026-Q2 |
| PROFUND ADVISORS LLC trimmed | 16,641 | $31K | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd added | 14,767 | $28K | 0.0% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC | 13,360 | $25K | 0.0% | 2026-Q2 |
| StoneX Group Inc. | 12,000 | $22K | 0.0% | 2026-Q2 |
| Aquatic Capital Management LLC trimmed | 11,557 | $22K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 7,100 | $13K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 7,100 | $13K | 0.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 6,000 | $11K | 0.0% | 2026-Q2 |
| Allworth Financial LP trimmed | 5,000 | $9K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP new | 2,215 | $4K | 0.0% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 1,694 | $3K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN | 1,500 | $3K | 0.0% | 2026-Q2 |
| Stone House Investment Management, LLC | 675 | $1K | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. added | 417 | $780 | 0.0% | 2026-Q2 |
| ACADIAN ASSET MANAGEMENT LLC added | 4,578,665 | $11M | 3.6% | 2026-Q1 stale (1 quarter behind) |
| MARSHALL WACE, LLP added | 3,023,168 | $8M | 2.4% | 2026-Q1 stale (1 quarter behind) |
| Polunin Capital Partners Ltd trimmed | 1,847,117 | $5M | 1.5% | 2026-Q1 stale (1 quarter behind) |
| Walleye Capital LLC added | 1,477,180 | $4M | 1.2% | 2026-Q1 stale (1 quarter behind) |
| GWN SECURITIES INC. added | 141,215 | $354K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| U S GLOBAL INVESTORS INC new | 2,193,071 | $6M | 1.7% | 2025-Q4 stale (2 quarters behind) |
| TWO SIGMA ADVISERS, LP trimmed | 569,900 | $1M | 0.5% | 2025-Q4 stale (2 quarters behind) |
| Squarepoint Ops LLC new | 108,384 | $274K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Hillsdale Investment Management Inc. new | 5,290,195 | $12M | 3.6% | 2025-Q3 stale (3 quarters behind) |
| Castle Hook Partners LP new | 1,210,000 | $3M | 0.8% | 2025-Q3 stale (3 quarters behind) |
| Alberta Investment Management Corp new | 1,000,000 | $2M | 0.7% | 2025-Q3 stale (3 quarters behind) |
| Forge First Asset Management Inc. new | 1,000,000 | $2M | 0.7% | 2025-Q3 stale (3 quarters behind) |
| Jain Global LLC new | 404,900 | $881K | 0.3% | 2025-Q3 stale (3 quarters behind) |
| Cubist Systematic Strategies, LLC new | 316,858 | $693K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| Anson Funds Management LP new | 300,000 | $653K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| MMCAP International Inc. SPC new | 250,000 | $544K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| Timelo Investment Management Inc. new | 125,000 | $274K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| STIFEL FINANCIAL CORP new | 1,164,764 | $1M | 0.5% | 2025-Q2 stale (4 quarters behind) |
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.