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-Q1 13F filings (latest filed 2026-05-18). 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
23 tracked funds added or opened GAU while 16 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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 1.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.0pp 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 2025-Q4 and 2026-Q1, across 92 tracked filers holding GAU, 58 increased or opened the position and 38 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 2025-Q4 and 2026-Q1 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 1
- LAZARD ASSET MANAGEMENT LLC$2M
Full exits 2
- U S GLOBAL INVESTORS INC$6M
- TWO SIGMA ADVISERS, LP$1M
Largest adds
- TWO SIGMA INVESTMENTS, LP$8M
- AMERICAN CENTURY COMPANIES INC$8M
- TORONTO DOMINION BANK$5M
- Connor, Clark & Lunn Investment Management Ltd.$5M
- BANK OF MONTREAL /CAN/$5M
- Walleye Capital LLC$4M
Largest trims
- Equinox Partners Investment Management LLC$12M
- Pale Fire Capital SE$10M
- MILLENNIUM MANAGEMENT LLC$10M
- Ruffer LLP$3M
- CITADEL ADVISORS LLC$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$2M
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 | 23,101,316 | $58M | 14.0% | 2026-Q1 |
| Ruffer LLP trimmed | 13,224,532 | $33M | 8.0% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 12,217,262 | $31M | 7.4% | 2026-Q1 |
| Equinox Partners Investment Management LLC trimmed | 9,357,961 | $23M | 5.6% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 7,156,643 | $18M | 4.3% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 6,872,117 | $17M | 4.1% | 2026-Q1 |
| AEGIS FINANCIAL CORP | 6,409,321 | $16M | 3.8% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 5,500,226 | $14M | 3.3% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 5,006,653 | $13M | 3.0% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 4,805,134 | $12M | 2.9% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 4,632,012 | $12M | 2.8% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 4,578,665 | $11M | 2.7% | 2026-Q1 |
| Pale Fire Capital SE trimmed | 4,000,000 | $10M | 2.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 3,907,638 | $10M | 2.4% | 2026-Q1 |
| MORGAN STANLEY added | 3,784,402 | $9M | 2.3% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 3,646,600 | $9M | 2.2% | 2026-Q1 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 3,500,000 | $9M | 2.1% | 2026-Q1 |
| MARSHALL WACE, LLP added | 3,023,168 | $8M | 1.8% | 2026-Q1 |
| TORONTO DOMINION BANK added | 2,230,970 | $6M | 1.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 2,079,772 | $5M | 1.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,903,683 | $5M | 1.2% | 2026-Q1 |
| Polunin Capital Partners Ltd trimmed | 1,847,117 | $5M | 1.1% | 2026-Q1 |
| Walleye Capital LLC added | 1,477,180 | $4M | 0.9% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 1,173,040 | $3M | 0.7% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 1,035,390 | $3M | 0.6% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 882,968 | $2M | 0.5% | 2026-Q1 |
| Aquatic Capital Management LLC added | 853,772 | $2M | 0.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 772,450 | $2M | 0.5% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC new | 769,355 | $2M | 0.5% | 2026-Q1 |
| Quadrature Capital Ltd trimmed | 732,407 | $2M | 0.4% | 2026-Q1 |
| Man Group plc added | 537,249 | $1M | 0.3% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 532,345 | $1M | 0.3% | 2026-Q1 |
| XTX Topco Ltd trimmed | 499,682 | $1M | 0.3% | 2026-Q1 |
| UBS Group AG added | 474,793 | $1M | 0.3% | 2026-Q1 |
| De Lisle Partners LLP trimmed | 445,044 | $1M | 0.3% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 431,034 | $1M | 0.3% | 2026-Q1 |
| TD Asset Management Inc added | 388,372 | $968K | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 307,298 | $771K | 0.2% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 296,204 | $743K | 0.2% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 274,001 | $654K | 0.2% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 258,585 | $647K | 0.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 278,850 | $641K | 0.2% | 2026-Q1 |
| Centiva Capital, LP added | 231,394 | $581K | 0.1% | 2026-Q1 |
| Dynamic Technology Lab Private Ltd added | 220,446 | $553K | 0.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 191,664 | $481K | 0.1% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 171,310 | $428K | 0.1% | 2026-Q1 |
| Engineers Gate Manager LP added | 159,250 | $400K | 0.1% | 2026-Q1 |
| Graham Capital Management, L.P. added | 145,349 | $365K | 0.1% | 2026-Q1 |
| GWN SECURITIES INC. added | 141,215 | $354K | 0.1% | 2026-Q1 |
| STATE STREET CORP added | 116,793 | $293K | 0.1% | 2026-Q1 |
| Net Worth Advisory Group trimmed | 103,009 | $259K | 0.1% | 2026-Q1 |
| Orvieto Partners, L.P. | 100,000 | $251K | 0.1% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC trimmed | 89,412 | $224K | 0.1% | 2026-Q1 |
| Ashton Thomas Private Wealth, LLC new | 78,045 | $195K | 0.0% | 2026-Q1 |
| AXQ CAPITAL, LP new | 76,469 | $192K | 0.0% | 2026-Q1 |
| State of Tennessee, Department of Treasury new | 71,446 | $179K | 0.0% | 2026-Q1 |
| Gotham Asset Management, LLC new | 67,248 | $169K | 0.0% | 2026-Q1 |
| SPROTT INC. trimmed | 62,362 | $157K | 0.0% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND new | 55,499 | $139K | 0.0% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 53,114 | $133K | 0.0% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 43,532 | $109K | 0.0% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 42,072 | $106K | 0.0% | 2026-Q1 |
| MIRABELLA FINANCIAL SERVICES LLP added | 39,150 | $98K | 0.0% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec added | 37,358 | $91K | 0.0% | 2026-Q1 |
| OXFORD ASSET MANAGEMENT LLP trimmed | 30,455 | $76K | 0.0% | 2026-Q1 |
| CoreCap Advisors, LLC | 30,000 | $75K | 0.0% | 2026-Q1 |
| Northwest & Ethical Investments L.P. trimmed | 29,890 | $75K | 0.0% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL trimmed | 27,010 | $68K | 0.0% | 2026-Q1 |
| AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP new | 26,500 | $67K | 0.0% | 2026-Q1 |
| HighTower Advisors, LLC | 25,010 | $63K | 0.0% | 2026-Q1 |
| PROFUND ADVISORS LLC new | 22,485 | $56K | 0.0% | 2026-Q1 |
| Mariner, LLC added | 17,250 | $43K | 0.0% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 16,024 | $41K | 0.0% | 2026-Q1 |
| Invesco Ltd. trimmed | 10,636,900 | $13M | 3.2% | 2025-Q1 stale |
| Hillsdale Investment Management Inc. added | 5,290,195 | $12M | 2.8% | 2025-Q3 stale |
| U S GLOBAL INVESTORS INC new | 2,193,071 | $6M | 1.3% | 2025-Q4 stale |
| Castle Hook Partners LP new | 1,210,000 | $3M | 0.6% | 2025-Q3 stale |
| Alberta Investment Management Corp new | 1,000,000 | $2M | 0.5% | 2025-Q3 stale |
| Forge First Asset Management Inc. new | 1,000,000 | $2M | 0.5% | 2025-Q3 stale |
| STIFEL FINANCIAL CORP new | 1,164,764 | $1M | 0.4% | 2025-Q2 stale |
| TWO SIGMA ADVISERS, LP trimmed | 569,900 | $1M | 0.3% | 2025-Q4 stale |
| Jain Global LLC new | 404,900 | $881K | 0.2% | 2025-Q3 stale |
| Cubist Systematic Strategies, LLC added | 316,858 | $693K | 0.2% | 2025-Q3 stale |
| Anson Funds Management LP new | 300,000 | $653K | 0.2% | 2025-Q3 stale |
| MMCAP International Inc. SPC new | 250,000 | $544K | 0.1% | 2025-Q3 stale |
| Quantbot Technologies LP trimmed | 158,076 | $400K | 0.1% | 2025-Q4 stale |
| SAPIENT CAPITAL LLC added | 287,394 | $353K | 0.1% | 2025-Q1 stale |
| Squarepoint Ops LLC added | 108,384 | $274K | 0.1% | 2025-Q4 stale |
| Timelo Investment Management Inc. new | 125,000 | $274K | 0.1% | 2025-Q3 stale |
| Diametric Capital, LP new | 105,096 | $267K | 0.1% | 2025-Q4 stale |
| Amundi new | 72,700 | $184K | 0.0% | 2025-Q4 stale |
| LMR Partners LLP new | 53,525 | $136K | 0.0% | 2025-Q4 stale |
| WOLVERINE TRADING, LLC added | 45,628 | $102K | 0.0% | 2025-Q3 stale |
| PRUDENTIAL FINANCIAL INC trimmed | 24,200 | $62K | 0.0% | 2025-Q4 stale |
| OMERS ADMINISTRATION Corp new | 25,900 | $57K | 0.0% | 2025-Q3 stale |
| COMMONWEALTH EQUITY SERVICES, LLC | 25,016 | $55K | 0.0% | 2025-Q3 stale |
| Periscope Capital Inc. new | 25,000 | $54K | 0.0% | 2025-Q3 stale |
| HRT FINANCIAL LP trimmed | 21,327 | $53K | 0.0% | 2025-Q4 stale |
| PRELUDE CAPITAL MANAGEMENT, LLC new | 16,832 | $43K | 0.0% | 2025-Q4 stale |
| Artisan Partners Limited Partnership | 30,000 | $38K | 0.0% | 2025-Q2 stale |
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.