G
Goldman Sachs Physical Gold ETF
AAAU • BATS
Goldman Sachs Physical Gold ETF is an exchange-traded fund focused on the commodity contracts brokers & dealers sector on BATS. As of Q3 2025, 205 institutional investors hold shares in this ETF, with total holdings valued at $695.4M. Wellspring Financial Advisors, LLC is the largest holder with a position valued at $75.8M.
COMMODITY CONTRACTS BROKERS & DEALERS
Country
United States of America
Overview
Overview of institutional ownership in AAAU as of Q3 2025
All Institutions
- Institutions
- 205
- Value Held
- $695.4M
- Shares Held
- 18.2M
- Avg Position
- $3.4M
- Median Position
- $679.4K
Hedge Funds
- Hedge Funds
- 4
- Value Held
- $21.3M
- Shares Held
- 554.2K
- Avg Position
- $5.3M
- Median Position
- $5.6M
Biggest Investors
Institutions with the largest positions in AAAU as of Q3 2025
| Institution | Position Value |
|---|---|
 Wellspring Financial Advisors, LLC RIA/Wealth | $75.8M 8.00% of portfolio |
A Advisor Group Holdings, Inc. Institution | $38.6M 0.05% of portfolio |
L LPL Financial LLC Institution | $33.8M 0.01% of portfolio |
P Proficio Capital Partners LLC Family Office | $32.6M 0.84% of portfolio |
N NEOS Investment Management LLC Institution | $30.0M 0.22% of portfolio |
 RAYMOND JAMES FINANCIAL INC RIA/Wealth | $27.8M 0.01% of portfolio |
Q Quadrature Capital Ltd Institution | $22.1M 0.26% of portfolio |
R ROYAL BANK OF CANADA Institution | $20.9M 0.00% of portfolio |
 Mirae Asset Global Investments Co., Ltd. Long Only Manager | $19.8M 0.06% of portfolio |
E EXCHANGE TRADED CONCEPTS, LLC Institution | $19.5M 0.19% of portfolio |
Net Capital Flow
Institutional buying and selling activity for AAAU in Q3 2025
- Traded
- +$103.7M
- Buyers
- 115
- Sellers
- 69
- Total Bought
- +$150.3M
- Total Sold
- −$46.6M
- Avg Position
- $3.1M
Biggest Buyers
| Institution | Net Bought |
|---|---|
N NEOS Investment Management LLC Institution | +$26.0M +682.7K shares |
 Sonoma Allocations LLC RIA/Wealth | +$13.9M +326.7K shares |
Wellspring Financial Advisors, LLC RIA/Wealth | +$13.0M +340.0K shares |
A Advisor Group Holdings, Inc. Institution | +$12.2M +329.0K shares |
P Proficio Capital Partners LLC Family Office | +$6.5M +169.9K shares |
 Tandem Financial, LLC RIA/Wealth | +$6.2M +163.3K shares |
 Cetera Investment Advisers RIA/Wealth | +$5.2M +137.0K shares |
L LPL Financial LLC Institution | +$4.5M +116.9K shares |
 Summit Financial, LLC RIA/Wealth | +$4.3M +112.2K shares |
 We Are One Seven, LLC RIA/Wealth | +$3.9M +101.3K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
Q Quadrature Capital Ltd Institution | −$13.0M −341.3K shares |
 COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth | −$6.6M −174.2K shares |
E EXCHANGE TRADED CONCEPTS, LLC Institution | −$3.3M −87.6K shares |
 Fundamentun, LLC RIA/Wealth | −$3.0M −79.6K shares |
C CLG LLC RIA/Wealth | −$2.9M −88.0K shares |
A ALERUS FINANCIAL NA Institution | −$1.7M −45.7K shares |
 Arete Wealth Advisors, LLC RIA/Wealth | −$1.6M −42.1K shares |
 Fermata Advisors, LLC Hedge Fund•Sector | −$1.2M −38.1K shares |
 Vivaldi Capital Management, LLC RIA/Wealth | −$1.1M −29.1K shares |
 HighTower Advisors, LLC RIA/Wealth | −$940.9K −24.7K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited AAAU in Q3 2025
- New Positions
- 28
- New Value
- $36.5M
- Exited Positions
- 17
- Exited Value
- $7.8M
New Positions
| Institution | Position Value |
|---|---|
Sonoma Allocations LLC RIA/Wealth | $13.9M 326.7K shares |
Tandem Financial, LLC RIA/Wealth | $6.2M 163.3K shares |
Summit Financial, LLC RIA/Wealth | $4.3M 112.2K shares |
 HBK Sorce Advisory LLC Hedge Fund•Multi-Strategy | $3.1M 77.3K shares |
 SAX WEALTH ADVISORS, LLC RIA/Wealth | $1.5M 39.1K shares |
 Magnus Financial Group LLC RIA/Wealth | $1.4M 35.5K shares |
E Exit Wealth Advisors, LLC. RIA/Wealth | $1.2M 31.3K shares |
 VISTA INVESTMENT PARTNERS II, LLC RIA/Wealth | $716.7K 18.8K shares |
 MONETA GROUP INVESTMENT ADVISORS LLC RIA/Wealth | $619.5K 16.3K shares |
 Intrua Financial, LLC RIA/Wealth | $597.9K 15.7K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
C CLG LLC RIA/Wealth | $2.9M 88.0K shares |
Fermata Advisors, LLC Hedge Fund•Sector | $1.2M 38.1K shares |
S SIMPLEX TRADING, LLC Institution | $587.4K 18.0K shares |
B Bell State Bank & Trust Institution | $564.3K 17.3K shares |
 L.M. KOHN & COMPANY RIA/Wealth | $560.0K 17.1K shares |
D DRIVE WEALTH MANAGEMENT, LLC RIA/Wealth | $522.9K 16.0K shares |
V Vontobel Holding Ltd. Institution | $326.8K 10.0K shares |
T TWO SIGMA SECURITIES, LLC Institution | $252.6K 7.7K shares |
 NORTHERN TRUST CORP Institution | $210.3K 6.4K shares |
C CANTOR FITZGERALD, L. P. Institution | $209.2K 6.4K shares |
Options Activity
Institutions with the largest Call and Put options positions in AAAU as of Q3 2025
- Call Positions
- 3
- Call Value
- $313.8K
- Put Positions
- 1
- Put Value
- $208.0K
Call Positions
| Institution | Position Value |
|---|---|
W WOLVERINE TRADING, LLC Institution | $313.8K 83.0 contracts |
B Belvedere Trading LLC Institution | - - contracts |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
W WOLVERINE TRADING, LLC Institution | $208.0K 55.0 contracts |
Most Committed Institutions
Institutions with AAAU as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
 COURAGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | 10.67% $7.0M |
Wellspring Financial Advisors, LLC RIA/Wealth | 8.00% $75.8M |
 MOULTON WEALTH MANAGEMENT, INC RIA/Wealth | 5.12% $7.0M |
Sonoma Allocations LLC RIA/Wealth | 5.06% $13.9M |
W WealthTrak Capital Management LLC RIA/Wealth | 3.33% $4.0M |
 COLTON GROOME FINANCIAL ADVISORS, LLC RIA/Wealth | 3.23% $10.5M |
 AUGUSTINE ASSET MANAGEMENT INC RIA/Wealth | 2.91% $14.5M |
R RETIREMENT GUYS FORMULA LLC Institution | 2.73% $7.7M |
Tandem Financial, LLC RIA/Wealth | 2.32% $6.2M |
 Paladin Advisory Group, LLC RIA/Wealth | 1.87% $2.4M |
Hedge Fund Spotlight
Discover hedge funds investing in AAAU
COURAGE CAPITAL MANAGEMENT LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerThomas Gordon Milne
- Portfolio Value
- $65.8M
- Positions
- 12
- Last Reported
- Q3 2025
Sector Allocation
G
Position in Goldman Sachs Physical Gold ETF
- Market Value
- $7.0M
- Shares Held
- 184.3K
- Portfolio Weight
- 10.67%
- Owned Since
- 2020-Q1
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
ETF ETF | $16.6M | 25.15% | |
ETF ETF | $13.6M | 20.61% | |
REIT - Specialty Real Estate | $9.6M | 14.66% |
