SPDR Gold Shares
US ˙ ARCA ˙ US78463V1070

SecurityGLD / SPDR Gold Shares
InstitutionPinnacle Associates Ltd
Latest Disclosed Ownership16,579 shares
Latest Disclosed Value $ 7,133,778
Pinnacle Associates Ltd reports 8.25% increase in ownership of GLD / SPDR Gold Shares

On April 21, 2026 - Pinnacle Associates Ltd filed a 13F-HR form disclosing ownership of 16,579 shares of SPDR Gold Shares (US:GLD) valued at $7,133,778 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 15,315 shares of SPDR Gold Shares. This represents a change in shares of 8.25% during the quarter. The current value of the position is $6,762,077 USD.

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)
2026-04-21 2026-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 16,579 1,264 8.25 7,134 17.53 0.0914
2026-02-05 2025-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 15,315 2,641 20.84 6,069 34.72 0.0779
2025-11-13 2025-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 12,674 202 1.62 4,505 18.52 0.0598
2025-08-04 2025-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 12,472 710 6.04 3,802 12.16 0.0550
2025-05-06 2025-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 11,762 35 0.30 3,389 19.37 0.0497
2025-02-14 2024-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 11,727 242 2.11 2,839 29.34 0.0385
2024-10-25 2024-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 11,485 60 0.53 2,196 -10.63 0.0373
2024-07-30 2024-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 11,425 24 0.21 2,456 4.73 0.0385
2024-04-26 2024-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 11,401 -84 -0.73 2,345 6.83 0.0370
2024-01-19 2023-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 11,485 -170 -1.46 2,196 9.86 0.0369
2023-10-24 2023-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 11,655 505 4.53 1,998 0.55 0.0371
2023-07-27 2023-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 11,150 -98 -0.87 1,988 -3.54 0.0345
2023-05-05 2023-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 11,248 197 1.78 2,061 9.93 0.0422
2023-02-01 2022-12-31 13F/A-1 SPDR GOLD TR GOLD SHS 78463V107 11,051 21 0.19 1,875 9.85 0.0409
2023-01-25 2022-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 11,005 -25 1,796 0.0000
2022-11-01 2022-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 11,030 -1,721 -13.50 1,706 -20.58 0.0392
2022-08-02 2022-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 12,751 105 0.83 2,148 -5.95 0.0468
2022-05-05 2022-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 12,646 -1,402 -9.98 2,284 -4.91 0.0404
2022-02-02 2021-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 14,048 -2,097 -12.99 2,402 -9.39 0.0414
2021-10-19 2021-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 16,145 50 0.31 2,651 -0.56 0.0489
2021-08-02 2021-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 16,095 705 4.58 2,666 8.29 0.0482
2021-05-12 2021-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 15,390 1,000 6.95 2,462 -4.09 0.0470
2021-01-26 2020-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 14,390 1,108 8.34 2,567 9.09 0.0521
2020-10-23 2020-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 13,282 4,606 53.09 2,353 62.05 0.0559
2020-08-14 2020-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 8,676 172 2.02 1,452 15.33 0.0358
2020-05-13 2020-03-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 8,504 278 3.38 1,259 7.15 0.0382
2020-02-03 2019-12-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 8,226 -25 -0.30 1,175 2.53 0.0257
2019-11-08 2019-09-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 8,251 103 1.26 1,146 5.62 0.0270
2019-08-05 2019-06-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 8,148 -160 -1.93 1,085 7.00 0.0254
2019-05-10 2019-03-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 8,308 -20 -0.24 1,014 0.40 0.0229
2019-02-05 2018-12-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 8,328 279 3.47 1,010 11.23 0.0261
2018-11-09 2018-09-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 8,049 -5,382 -40.07 908 -43.04 0.0188
2018-08-08 2018-06-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 13,431 -975 -6.77 1,594 -12.03 0.0328
2018-05-11 2018-03-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 14,406 -4,794 -24.97 1,812 -23.67 0.0355
2018-02-12 2017-12-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 19,200 -425 -2.17 2,374 -0.50 0.0456
2017-11-13 2017-09-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 19,625 -500 -2.48 2,386 0.46 0.0440
2017-08-09 2017-06-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 20,125 -764 -3.66 2,375 -4.23 0.0456
2017-05-09 2017-03-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 20,889 5,640 36.99 2,480 48.41 0.0474
2017-02-10 2016-12-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 15,249 295 1.97 1,671 -11.07 0.0337
2016-11-14 2016-09-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 14,954 670 4.69 1,879 4.04 0.0377
2016-08-15 2016-06-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 14,284 2,721 23.53 1,806 32.79 0.0389
2016-05-13 2016-03-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 11,563 430 3.86 1,360 20.35 0.0291
2016-02-11 2015-12-31 13F/A-1 SPDR GOLD TRUST GOLD SHS 78463V107 11,133 -1,126 -9.19 1,130 -13.74 0.0237
2016-02-09 2015-12-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 11,133 -1,126 1,130 0.0241
2015-11-10 2015-09-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 12,259 -2,382 -16.27 1,310 -20.36 0.0290
2015-08-12 2015-06-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 14,641 81 0.56 1,645 -0.60 0.0305
2015-05-15 2015-03-31 13F SPDR Gold Trust ETF 78463V107 14,560 562 4.01 1,655 4.09 0.0309
2015-02-12 2014-12-31 13F SPDR Gold Trust ETF 78463V107 13,998 1,195 9.33 1,590 6.85 0.0312
2014-11-12 2014-09-30 13F SPDR Gold Trust ETF 78463V107 12,803 195 1.55 1,488 -7.81 0.0303
2014-08-14 2014-06-30 13F SPDR Gold Trust ETF 78463V107 12,608 -6,998 -35.69 1,614 -33.39 0.0315
2014-05-14 2014-03-31 13F SPDR Gold Trust ETF 78463V107 19,606 1,635 9.10 2,423 16.10 0.0473
2014-02-12 2013-12-31 13F SPDR Gold Trust ETF 78463V107 17,971 105 0.59 2,087 -8.86 0.0407
2013-11-14 2013-09-30 13F SPDR Gold Trust ETF 78463V107 17,866 -35 -0.20 2,290 7.41 0.0474
2013-08-13 2013-06-30 13F SPDR Gold Trust ETF 78463V107 17,901 17,901 2,132 0.0479
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.