SPDR Gold Shares $GLD is Cobalt Capital Management Inc.’s Largest Position

Cobalt Capital Management Inc. lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,000 shares of the exchange traded fund’s stock after selling 5,000 shares during the period. SPDR Gold Shares makes up 13.2% of Cobalt Capital Management Inc.’s portfolio, making the stock its biggest position. Cobalt Capital Management Inc.’s holdings in SPDR Gold Shares were worth $29,723,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GLD. Morgan Stanley lifted its holdings in shares of SPDR Gold Shares by 22.4% in the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after purchasing an additional 2,539,266 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of SPDR Gold Shares during the third quarter worth $556,282,000. Marino Management LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $438,475,000. Corient Private Wealth LLC raised its holdings in shares of SPDR Gold Shares by 108.1% during the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after acquiring an additional 559,507 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 1,158.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock worth $199,923,000 after acquiring an additional 464,376 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 2.3%

Shares of NYSEARCA:GLD opened at $388.60 on Thursday. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70. The business has a fifty day simple moving average of $419.42 and a 200 day simple moving average of $428.27. The firm has a market cap of $141.33 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

• Positive Sentiment: Wells Fargo said gold still has room to run, calling current prices an attractive entry point as inflation risks and fiscal deficits support the long-term case for the metal. Gold’s bull market has room to run as inflation risks, fiscal deficits support prices – Wells Fargo
• Positive Sentiment: A World Gold Council survey showed record expectations for central banks to increase gold holdings, reinforcing demand from the official sector. Record 45% of central banks plan to increase gold holdings, WGC survey finds
• Positive Sentiment: Several reports highlighted gold’s safe-haven appeal as geopolitical tensions, inflation worries, and softer Treasury yields continue to support demand. Central banks are bringing gold reserves home as geopolitical risks rise
• Neutral Sentiment: Some technical analysts said gold remains in a choppy consolidation phase, with traders waiting for clearer signals from rates, inflation, and the Fed before the next major move. Gold (XAU/USD) Price Forecast: Downtrend Holds as Resistance Strengthens
• Negative Sentiment: Gold retreated after the Fed’s policy statement and hawkish projections, with markets reacting to the possibility of tighter policy later this year, which is a headwind for GLD. Gold drops below $4,300/oz as Fed votes 12-0 in favor of rate hold, but nearly half of policymakers see a rate hike in 2026
• Negative Sentiment: Strong U.S. retail sales and a firmer dollar also weighed on gold intraday, adding to the downside pressure on the ETF. Update: Gold Edges Down As Dollar Steadies On Strong U.S. Retail Sales Report Ahead Of Fed’s Rate Decision

SPDR Gold Shares Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.