SPDR Gold Shares
MX ˙ BMV ˙ US78463V1070
SecurityMX:GLD / SPDR Gold Shares
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership236,225 shares
Latest Disclosed Value $ 101,645,255
Baird Financial Group, Inc. reports 7.67% decrease in ownership of GLD / SPDR Gold Shares

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 236,225 shares of SPDR Gold Shares (MX:GLD) valued at $101,645,255 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 255,845 shares of SPDR Gold Shares. This represents a change in shares of -7.67% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 236,225 -19,620 -7.67 101,645 0.25 0.0855
2026-02-13 2025-12-31 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 255,845 -21,646 -7.80 101,394 2.79 0.1581
2025-11-13 2025-09-30 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 277,491 4,902 1.80 98,640 18.71 0.1586
2025-08-13 2025-06-30 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 272,589 -25,695 -8.61 83,093 -3.32 0.1457
2025-05-15 2025-03-31 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 298,284 -308 -0.10 85,948 18.88 0.1655
2025-02-14 2024-12-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 298,592 -13,525 -4.33 72,298 -4.70 0.1383
2024-11-14 2024-09-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 312,117 -1,764 -0.56 75,863 12.41 0.1473
2024-08-14 2024-06-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 313,881 -20,715 -6.19 67,488 -1.96 0.1400
2024-05-14 2024-03-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 334,596 -14,150 -4.06 68,833 3.25 0.1443
2024-02-14 2023-12-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 348,746 7,217 2.11 66,670 13.86 0.1519
2023-11-13 2023-09-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 341,529 -60,508 -15.05 58,555 -18.30 0.1597
2023-08-11 2023-06-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 402,037 -31,941 -7.36 71,671 -9.86 0.1892
2023-05-15 2023-03-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 433,978 63,002 16.98 79,513 128,146.77 0.1961
2023-02-13 2022-12-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 370,976 -32,592 -8.08 63 -99.90 0.1657
2022-11-15 2022-09-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 403,568 -12,570 -3.02 62,420 -10.96 0.1839
2022-08-08 2022-06-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 416,138 -25,696 -5.82 70,103 -12.17 0.1946
2022-05-13 2022-03-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 441,834 46,324 11.71 79,818 18.05 0.1972
2022-02-09 2021-12-31 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 395,510 13,697 3.59 67,616 7.84 0.1581
2021-11-12 2021-09-30 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 381,813 -32,239 -7.79 62,701 -8.57 0.1604
2021-08-11 2021-06-30 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 414,052 10,442 2.59 68,580 6.22 0.1782
2021-05-13 2021-03-31 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 403,610 -38,850 -8.78 64,562 -18.19 0.1811
2021-02-11 2020-12-31 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 442,460 -29,776 -6.31 78,917 -5.65 0.2359
2020-11-12 2020-09-30 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 472,236 23,022 5.12 83,642 11.25 0.2866
2020-10-22 2020-06-30 13F/A-1 SPDR GOLD TR GOLD SHS COMMON 78463V107 449,214 83,336 22.78 75,185 38.80 0.2832
2020-08-14 2020-06-30 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 334,616 -31,262 47,929 94,984.3887
2020-05-14 2020-03-31 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 365,878 30,514 9.10 54,168 13.03 0.2474
2020-02-14 2019-12-31 13F SPDR GOLD TR GOLD SHS COMMON 78463V107 335,364 42,340 14.45 47,924 17.77 0.1720
2019-11-14 2019-09-30 13F SPDR GOLD TRUST ETF Common 78463V107 293,024 159,736 119.84 40,692 129.20 0.1603
2019-08-14 2019-06-30 13F SPDR GOLD TRUST ETF COMMON 78463V107 133,288 23,072 20.93 17,754 32.03 0.0690
2019-05-14 2019-03-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 110,216 29,698 36.88 13,447 37.73 0.0786
2019-02-14 2018-12-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 80,518 -3,584 -4.26 9,763 3.12 0.0663
2018-11-13 2018-09-30 13F SPDR Gold Shares COMMON 78463V107 84,102 -16,478 -16.38 9,468 -20.66 0.0593
2018-08-13 2018-06-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 100,580 -11,594 -10.34 11,934 -15.42 0.0810
2018-05-14 2018-03-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 112,174 17,534 18.53 14,110 20.58 0.0993
2018-02-09 2017-12-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 94,640 21,566 29.51 11,702 31.72 0.0829
2017-11-14 2017-09-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 73,074 5,436 8.04 8,884 11.29 0.0670
2017-08-14 2017-06-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 67,638 -3,273 -4.62 7,983 -5.18 0.0625
2017-06-19 2017-03-31 13F/A-1 SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 70,911 7,391 11.64 8,419 20.93 0.0681
2017-05-09 2017-03-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 70,911 8,419
2017-02-10 2016-12-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 63,520 -13,614 -17.65 6,962 -28.16 0.0605
2016-11-10 2016-09-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 77,134 32,482 72.74 9,691 70.92 0.0868
2016-08-11 2016-06-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 44,652 -8,158 -15.45 5,670 -8.74 0.0520
2016-05-12 2016-03-31 13F SPDR GOLD TRUST GOLD SHARES ETF - E 78463V107 52,810 19,412 58.12 6,213 83.33 0.0594
2016-02-11 2015-12-31 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 33,398 -10,241 -23.47 3,389 -27.32 0.0339
2015-11-12 2015-09-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 43,639 -2,522 -5.46 4,663 -10.10 0.0496
2015-08-14 2015-06-30 13F SPDR GOLD TRUST GOLD SHARES COMMON 78463V107 46,161 46,161 5,187 0.0510
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.