SPDR Gold Shares
MX ˙ BMV ˙ US78463V1070
SecurityMX:GLD / SPDR Gold Shares
InstitutionFormidable Asset Management, LLC
Latest Disclosed Ownership2,409 shares
Latest Disclosed Value $ 954,711
Formidable Asset Management, LLC reports 7.38% decrease in ownership of GLD / SPDR Gold Shares

On April 22, 2026 - Formidable Asset Management, LLC filed a 13F-HR form disclosing ownership of 2,409 shares of SPDR Gold Shares (MX:GLD) valued at $954,711 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 16, 2026 disclosing 2,601 shares of SPDR Gold Shares. This represents a change in shares of -7.38% 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)
2026-04-22 2026-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 2,409 -192 -7.38 955 3.25 0.1474
2026-01-16 2025-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 2,601 0 0.00 925 16.67 0.1345
2025-10-29 2025-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 2,601 -611 -19.02 793 -14.38 0.1249
2025-07-16 2025-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 3,212 0 0.00 926 0.00 0.1548
2025-05-05 2025-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 3,212 -24 -0.74 926 18.14 0.1547
2025-02-19 2024-12-31 13F SPDR GOLD TR COM 78463V107 3,236 -129 -3.83 784 -4.16 0.1287
2024-11-12 2024-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 3,365 -559 -14.25 818 -3.08 0.1306
2024-08-08 2024-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 3,924 -45 -1.13 844 3.31 0.1364
2024-05-15 2024-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 3,969 428 12.09 817 20.71 0.1331
2024-02-07 2023-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 3,541 0 0.00 677 11.37 0.1406
2023-11-09 2023-09-30 13F SPDR GOLD SHARES COM 78463V107 3,541 844 31.29 607 0.1345
2023-08-15 2023-06-30 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 2,697 -154 -5.40 0 0.1050
2023-05-09 2023-03-31 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 2,851 -162 -5.38 1 0.1107
2023-02-07 2022-12-31 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 3,013 -26 -0.86 1 -100.00 0.1154
2022-11-14 2022-09-30 13F SPDR GOLD SHARES COM 78463V107 3,039 -150 -4.70 469 -10.15 0.1088
2022-08-18 2022-06-30 13F/A-1 SPDR GOLD SHARES COM 78463V107 3,189 -93 -2.83 522 -11.97 0.1175
2022-08-16 2022-06-30 13F SPDR GOLD SHARES COM 78463V107 3,189 -93 522 0.1212
2022-05-04 2022-03-31 13F SPDR GOLD SHARES COM 78463V107 3,282 -35 -1.06 593 4.96 0.1137
2022-02-07 2021-12-31 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 3,317 -96 -2.81 565 0.89 0.1084
2021-11-10 2021-09-30 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 3,413 -150 -4.21 560 -6.20 0.1052
2021-08-16 2021-06-30 13F/A-2 SPDR GOLD SHARES ETP 78463V107 3,563 188 5.57 597 10.56 0.1282
2021-08-06 2021-06-30 13F SPDR GOLD SHARES COM 78463V107 0 -3,375 294 0.0693
2021-05-12 2021-03-31 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 3,375 -100 -2.88 540 -14.01 0.1174
2021-01-29 2020-12-31 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 3,475 -135 -3.74 628 -2.18 0.1455
2020-12-14 2020-09-30 13F/A-1 SPDR GOLD SHARES Equity 78463V107 3,610 45 1.26 642 6.47 0.1871
2020-11-13 2020-09-30 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 3,610 45 642 174,872.7950
2020-08-13 2020-06-30 13F SPDR GOLD SHARES Equity 78463V107 3,565 3,565 603 0.1778
2020-06-01 2020-03-31 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 0 -3,465 -100.00 0 -100.00
2020-02-13 2019-12-31 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 3,465 3,465 503 0.1586
2019-11-08 2019-09-30 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 0 -2,970 -100.00 0 -100.00
2019-10-15 2019-06-30 13F SPDR GOLD TRUST GOLD SHS ETF GOLD SHS ETF 78463V107 2,970 2,970 396 0.1362
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.