At Holdings Channel, we have reviewed the latest batch of the 22 most recent 13F filings for the 03/31/2025 reporting period, and noticed that Ishares Gold Trust the Ishares Gold Trus (Symbol: IAU) was held by 10 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.
Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in IAU positions, for this latest batch of 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000's) |
|---|---|---|---|
| Independent Solutions Wealth Management LLC | Existing | -2,773 | +$337 |
| Spire Wealth Management | Existing | +119,658 | +$7,262 |
| waypoint wealth counsel | Existing | UNCH | +$743 |
| Genesis Private Wealth LLC | Existing | -266 | +$38 |
| Gimbal Financial | Existing | +122,062 | +$8,865 |
| B.O.S.S. Retirement Advisors LLC | NEW | +5,039 | +$297 |
| Pinnacle Bancorp Inc. | Existing | UNCH | +$98 |
| Golden State Wealth Management LLC | Existing | +12,157 | +$754 |
| FFG Partners LLC | Existing | -844 | +$231 |
| HBK Sorce Advisory LLC | Existing | +977 | +$125 |
| Aggregate Change: | +256,010 | +$18,750 | |
In terms of shares owned, we count 4 of the above funds having increased existing IAU positions from 12/31/2024 to 03/31/2025, with 3 having decreased their positions and 1 new position.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the IAU share count in the aggregate among all of the funds which held IAU at the 03/31/2025 reporting period (out of the 1,655 we looked at in total). We then compared that number to the sum total of IAU shares those same funds held back at the 12/31/2024 period, to see how the aggregate share count held by hedge funds has moved for IAU. We found that between these two periods, funds increased their holdings by 3,204,810 shares in the aggregate, from 35,006,249 up to 38,211,059 for a share count increase of approximately 9.15%. The overall top three funds holding IAU on 03/31/2025 were:
| » | Fund | Shares of IAU Held |
|---|---|---|
| 1. | WealthNavi Inc. | 6,049,600 |
| 2. | Packer & Co Ltd | 2,350,100 |
| 3. | Envestnet Portfolio Solutions Inc. | 1,663,205 |
| 4-10 | Find out the full Top 10 Hedge Funds Holding IAU | » |
We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Ishares Gold Trust the Ishares Gold Trus (Symbol: IAU).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
