SPDR Gold Shares
MX ˙ BMV ˙ US78463V1070
SecurityMX:GLD / SPDR Gold Shares
InstitutionFirst Foundation Advisors
Latest Disclosed Ownership3,388 shares
Latest Disclosed Value $ 1,457,823
First Foundation Advisors reports 4.94% decrease in ownership of GLD / SPDR Gold Shares

On May 4, 2026 - First Foundation Advisors filed a 13F-HR form disclosing ownership of 3,388 shares of SPDR Gold Shares (MX:GLD) valued at $1,457,823 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 3,564 shares of SPDR Gold Shares. This represents a change in shares of -4.94% 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)
2026-05-04 2026-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 3,388 -176 -4.94 1,458 3.19 0.0587
2026-02-04 2025-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 3,564 275 8.36 1,412 20.79 0.0532
2025-11-17 2025-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 3,289 140 4.45 1,169 21.90 0.0432
2025-08-14 2025-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 3,149 -1,479 -31.96 960 -28.06 0.0356
2025-05-08 2025-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 4,628 -465 -9.13 1,334 8.11 0.0543
2025-02-13 2024-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 5,093 200 4.09 1,233 3.70 0.0464
2024-11-14 2024-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 4,893 -1,153 -19.07 1,189 -8.47 0.0448
2024-08-06 2024-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 6,046 62 1.04 1,300 5.52 0.0497
2024-05-10 2024-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 5,984 243 4.23 1,231 12.22 0.0493
2024-02-14 2023-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 5,741 145 2.59 1,098 14.39 0.0500
2023-11-15 2023-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 5,596 -2,014 -26.47 959 -29.28 0.0448
2023-08-14 2023-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 7,610 1,526 25.08 1,357 21.72 0.0586
2023-05-12 2023-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 6,084 -1,790 -22.73 1,115 -16.55 0.0513
2023-02-14 2022-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 7,874 -2,197 -21.82 1,336 -14.31 0.0640
2022-11-14 2022-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 10,071 -17,549 -63.54 1,558 -66.52 0.0763
2022-08-12 2022-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 27,620 145 0.53 4,653 -6.25 0.2055
2022-05-05 2022-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 27,475 1,040 3.93 4,963 9.83 0.1792
2022-02-14 2021-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 26,435 -459 -1.71 4,519 2.31 0.1553
2021-11-15 2021-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 26,894 2,756 11.42 4,417 10.48 0.1649
2021-08-13 2021-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 24,138 -979 -3.90 3,998 -0.50 0.1540
2021-05-18 2021-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 25,117 6,038 31.65 4,018 18.07 0.1723
2021-02-16 2020-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 19,079 -555 -2.83 3,403 -2.16 0.1509
2020-11-12 2020-09-30 13F SPDR Gold Trust GOLD SHS 78463V107 19,634 1,696 9.45 3,478 15.86 0.1614
2020-08-14 2020-06-30 13F SPDR Gold Trust GOLD SHS 78463V107 17,938 1,071 6.35 3,002 20.22 0.1548
2020-05-11 2020-03-31 13F SPDR Gold Trust GOLD SHS 78463V107 16,867 -50,959 -75.13 2,497 -74.24 0.1530
2020-02-11 2019-12-31 13F SPDR Gold Trust GOLD SHS 78463V107 67,826 64,065 1,703.40 9,692 1,756.70 0.4796
2019-11-12 2019-09-30 13F SPDR Gold Trust GOLD SHS 78463V107 3,761 1,576 72.13 522 79.38 0.0279
2019-08-14 2019-06-30 13F SPDR Gold Trust GOLD SHS 78463V107 2,185 200 10.08 291 20.25 0.0163
2019-05-13 2019-03-31 13F SPDR Gold Trust GOLD SHS 78463V107 1,985 0 0.00 242 0.41 0.0143
2019-02-14 2018-12-31 13F SPDR Gold Trust GOLD SHS 78463V107 1,985 0 0.00 241 7.59 0.0152
2018-11-13 2018-09-30 13F SPDR Gold Trust GOLD SHS 78463V107 1,985 -869 -30.45 224 -33.92 0.0124
2018-08-14 2018-06-30 13F SPDR Gold Trust GOLD SHS 78463V107 2,854 494 20.93 339 14.14 0.0199
2018-05-15 2018-03-31 13F SPDR Gold Trust GOLD SHS 78463V107 2,360 -502 -17.54 297 -16.10 0.0166
2018-02-14 2017-12-31 13F SPDR Gold Trust GOLD SHS 78463V107 2,862 -3,034 -51.46 354 -50.63 0.0191
2017-11-14 2017-09-30 13F SPDR Gold Trust GLD SHS 78463V107 5,896 166 2.90 717 6.07 0.0407
2017-08-14 2017-06-30 13F SPDR Gold Trust GLD SHS 78463V107 5,730 0 0.00 676 -0.59 0.0398
2017-05-05 2017-03-31 13F SPDR Gold Trust GLD SHS 78463V107 5,730 0 0.00 680 8.28 0.0421
2017-02-14 2016-12-31 13F SPDR Gold Trust GLD SHS 78463V107 5,730 1,394 32.15 628 15.23 0.0411
2016-11-14 2016-09-30 13F SPDR Gold Trust GLD SHS 78463V107 4,336 33 0.77 545 0.18 0.0377
2016-08-16 2016-06-30 13F SPDR Gold Trust GLD SHS 78463V107 4,303 -500 -10.41 544 -3.72 0.0390
2016-05-13 2016-03-31 13F SPDR Gold Trust GLD SHS 78463V107 4,803 -370 -7.15 565 7.62 0.0410
2016-02-16 2015-12-31 13F SPDR Gold Trust GLD SHS 78463V107 5,173 570 12.38 525 6.71 0.0359
2015-11-16 2015-09-30 13F SPDR Gold Trust GLD SHS 78463V107 4,603 0 0.00 492 -4.84 0.0404
2015-08-13 2015-06-30 13F SPDR Gold Trust GLD SHS 78463V107 4,603 -1,371 -22.95 517 -23.86 0.0411
2015-05-14 2015-03-31 13F SPDR Gold Trust GLD SHS 78463V107 5,974 700 13.27 679 13.36 0.0568
2015-02-17 2014-12-31 13F SPDR Gold Trust GLD SHS 78463V107 5,274 -6,348 -54.62 599 -55.66 0.0528
2014-11-14 2014-09-30 13F SPDR Gold Trust GLD SHS 78463V107 11,622 1,043 9.86 1,351 -0.30 0.1344
2014-08-15 2014-06-30 13F SPDR Gold Trust GLD SHS 78463V107 10,579 4,105 63.41 1,355 69.38 0.1477
2014-05-15 2014-03-31 13F SPDR Gold Trust GLD SHS 78463V107 6,474 -576 -8.17 800 -2.32 0.0992
2014-02-14 2013-12-31 13F SPDR Gold Trust GOLD SHS 78463V107 7,050 103 1.48 819 -7.98 0.1102
2013-11-15 2013-09-30 13F SPDR Gold Trust GOLD SHS 78463V107 6,947 -1,076 -13.41 890 -6.90 0.1385
2013-08-09 2013-06-30 13F SPDR Gold Trust GOLD SHS 78463V107 8,023 8,023 956 0.1872
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.