SPDR Gold Shares
MX ˙ BMV ˙ US78463V1070
SecurityMX:GLD / SPDR Gold Shares
InstitutionSummit Trail Advisors, Llc
Latest Disclosed Ownership12,506 shares
Latest Disclosed Value $ 5,381,207
Summit Trail Advisors, Llc reports 62.09% decrease in ownership of GLD / SPDR Gold Shares

On May 12, 2026 - Summit Trail Advisors, Llc filed a 13F-HR form disclosing ownership of 12,506 shares of SPDR Gold Shares (MX:GLD) valued at $5,381,207 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 32,988 shares of SPDR Gold Shares. This represents a change in shares of -62.09% 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)
2026-05-12 2026-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 12,506 -20,482 -62.09 5,381 -58.84 0.0771
2026-02-17 2025-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 32,988 -1,543 -4.47 13,073 6.51 0.2260
2025-11-14 2025-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 34,531 6,647 23.84 12,275 44.42 0.1695
2025-08-14 2025-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 27,884 -199 -0.71 8,500 5.04 0.1459
2025-04-28 2025-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 28,083 7,017 33.31 8,092 58.65 0.2669
2025-01-29 2024-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 21,066 73 0.35 5,101 -0.04 0.1882
2024-11-12 2024-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 20,993 9,931 89.78 5,103 114.55 0.1265
2024-08-13 2024-06-30 13F SPDR Gold TR Gold SHS GOLD SHS 78463V107 11,062 -4,015 -26.63 2,378 -23.32 0.0625
2024-04-23 2024-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 15,077 3,233 27.30 3,102 36.97 0.0824
2024-02-06 2023-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 11,844 -1,957 -14.18 2,264 -4.31 0.0749
2023-10-30 2023-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 13,801 0 0.00 2,366 -3.82 0.0870
2023-07-25 2023-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 13,801 -278 -1.97 2,460 -4.61 0.0928
2023-05-04 2023-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 14,079 2,186 18.38 2,580 27.86 0.1039
2023-02-07 2022-12-31 13F SPDR Gold TR Gold SHS COM 78463V107 11,893 -2,570 -17.77 2,018 -9.83 0.0896
2022-11-10 2022-09-30 13F SPDR Gold TR Gold SHS Stock 78463V107 14,463 -1,407 -8.87 2,237 -16.31 0.1210
2022-08-09 2022-06-30 13F SPDR Gold TR Gold SHS COM 78463V107 15,870 84 0.53 2,673 -6.28 0.1653
2022-05-16 2022-03-31 13F SPDR Gold TR Gold SHS EQUITY 78463V107 15,786 1,383 9.60 2,852 15.84 0.2307
2022-02-11 2021-12-31 13F SPDR Gold TR Gold SHS Equity 78463V107 14,403 -280 -1.91 2,462 2.12 0.1588
2021-11-16 2021-09-30 13F SPDR Gold TR Gold SHS GOLD SHS 78463V107 14,683 65 0.44 2,411 -0.41 0.1809
2021-08-16 2021-06-30 13F SPDR Gold TR Gold SHS Equity 78463V107 14,618 480 3.40 2,421 7.03 0.2121
2021-05-17 2021-03-31 13F SPDR GOLD TR Equity 78463V107 14,138 1,902 15.54 2,262 3.67 0.2439
2021-02-16 2020-12-31 13F SPDR GOLD TR Equity 78463V107 12,236 135 1.12 2,182 2.49 0.2751
2020-11-16 2020-09-30 13F/A-1 SPDR Gold TR Gold SHS Equity 78463V107 12,101 -50 -0.41 2,129 4.67 0.4117
2020-11-16 2020-09-30 13F Marathon Oil Corp Com Equity 78463V107 11,903 57
2020-08-13 2020-06-30 13F SPDR Gold TR Gold SHS Equity 78463V107 12,151 5,219 75.29 2,034 98.25 0.3794
2020-05-15 2020-03-31 13F SPDR Gold TR Gold SHS Equity 78463V107 6,932 5,085 275.31 1,026 288.64 0.2761
2020-02-13 2019-12-31 13F Two HBRS Invt Corp Com Equity 78463V107 1,847 0 0.00 264 3.13 0.1531
2019-11-14 2019-09-30 13F SPDR Gold TR Gold SHS ETF 78463V107 1,847 0 0.00 256 4.07 0.0910
2019-08-08 2019-06-30 13F SPDR GOLD TRUST GOLD SHS EQUITY 78463V107 1,847 0 0.00 246 9.33 0.1076
2019-05-16 2019-03-31 13F SPDR GOLD TRUST GOLD SHS EQUITY 78463V107 1,847 -1,900 -50.71 225 -50.44 0.0974
2019-02-13 2018-12-31 13F SPDR GOLD TRUST GOLD SHS EQUITY 78463V107 3,747 0 0.00 454 7.33 0.1606
2018-11-14 2018-09-30 13F SPDR GOLD TRUST GOLD SHS EQUITY 78463V107 3,747 -524 -12.27 423 -16.57 0.0933
2018-08-10 2018-06-30 13F SPDR Gold TR Gold SHS EQUITY 78463V107 4,271 -155,337 -97.32 507 216.88 0.1773
2018-05-21 2018-03-31 13F SPDR GOLD TR GOLD SHS EQUITY 78463V107 159,608 157,761 8,541.47 160 -31.91 0.0249
2018-02-14 2017-12-31 13F SPDR GOLD TR GOLD SHS EQUITY 78463V107 1,847 1,847 235 0.0297
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.