SPDR Gold Shares
MX ˙ BMV ˙ US78463V1070
SecurityMX:GLD / SPDR Gold Shares
InstitutionCwm, Llc
Latest Disclosed Ownership329,282 shares
Latest Disclosed Value $ 141,686,758
Cwm, Llc reports 13.37% decrease in ownership of GLD / SPDR Gold Shares

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 329,282 shares of SPDR Gold Shares (MX:GLD) valued at $141,686,758 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 380,100 shares of SPDR Gold Shares. This represents a change in shares of -13.37% 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)
2026-05-14 2026-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 329,282 -50,818 -13.37 141,687 94,357.33 0.3684
2026-01-26 2025-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 380,100 8,487 2.28 151 13.64 0.4082
2025-10-15 2025-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 371,613 24,405 7.03 132 25.71 0.3973
2025-07-25 2025-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 347,208 -11,066 -3.09 106 1.94 0.3732
2025-05-01 2025-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 358,274 71,125 24.77 103 49.28 0.4117
2025-02-04 2024-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 287,149 95,889 50.14 70 50.00 0.2886
2024-10-08 2024-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 191,260 3,661 1.95 46 15.00 0.1999
2024-07-10 2024-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 187,599 12,412 7.09 40 11.11 0.1902
2024-04-05 2024-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 175,187 11,062 6.74 36 16.13 0.1752
2024-02-01 2023-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 164,125 18,421 12.64 31 29.17 0.1687
2023-10-11 2023-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 145,704 19,900 15.82 25 9.09 0.1531
2023-08-03 2023-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 125,804 50,997 68.17 22 69.23 0.1386
2023-05-01 2023-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 74,807 50,367 206.08 14 225.00 0.0926
2023-02-01 2022-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 24,440 1,453 6.32 4 -99.89 0.0305
2022-10-27 2022-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 22,987 -8,742 -27.55 3,555 -33.49 0.0282
2022-07-28 2022-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 31,729 7,897 33.14 5,345 24.16 0.0414
2022-04-21 2022-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 23,832 2,412 11.26 4,305 17.56 0.0305
2022-01-31 2021-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 21,420 292 1.38 3,662 4.66 0.0258
2021-09-15 2021-06-30 13F/A-1 SPDR GOLD TR GOLD SHS 78463V107 21,128 0 0.00 3,499 0.00 0.0279
2021-07-29 2021-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 21,128 0 3,499 0.0279
2021-09-15 2021-03-31 13F/A-1 SPDR GOLD TR GOLD SHS 78463V107 21,128 0 0.00 3,499 0.00 0.0279
2021-04-27 2021-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 24,529 3,401 3,924 0.0345
2021-09-15 2020-12-31 13F/A-1 SPDR GOLD TR GOLD SHS 78463V107 21,128 0 0.00 3,499 0.00 0.0279
2021-01-27 2020-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 25,145 4,017 4,485 0.0420
2021-09-15 2020-09-30 13F/A-1 SPDR GOLD TR GOLD SHS 78463V107 21,128 0 0.00 3,499 0.00 0.0279
2020-10-19 2020-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 21,680 552 3,840 0.0427
2021-09-15 2020-06-30 13F/A-1 SPDR GOLD TR GOLD SHS 78463V107 21,128 0 0.00 3,499 0.00 0.0279
2020-07-22 2020-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 15,527 -5,601 2,599 0.0308
2021-09-15 2020-03-31 13F/A-1 SPDR GOLD TR GOLD SHS 78463V107 21,128 0 0.00 3,499 0.00 0.0279
2020-04-28 2020-03-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 13,842 -7,286 2,049 0.0305
2021-09-14 2019-12-31 13F/A-1 SPDR GOLD TR GOLD SHS 78463V107 21,128 0 0.00 3,499 0.00 0.0279
2020-01-27 2019-12-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 14,003 -7,125 2,001 0.0256
2021-09-14 2019-09-30 13F/A-1 SPDR GOLD TR GOLD SHS 78463V107 21,128 0 0.00 3,499 0.00 0.0279
2019-10-22 2019-09-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 11,775 -9,353 1,635 0.0238
2021-09-14 2019-06-30 13F/A-1 SPDR GOLD TR GOLD SHS 78463V107 21,128 0 0.00 3,499 0.00 0.0279
2019-07-31 2019-06-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 10,554 -10,574 1,406 0.0233
2021-09-02 2019-03-31 13F/A-1 SPDR GOLD TR GOLD SHS 78463V107 21,128 16,532 359.70 3,499 528.19 0.0279
2019-04-22 2019-03-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 10,129 5,533 1,236 0.0248
2019-01-25 2018-12-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 4,596 692 17.73 557 26.59 0.0139
2018-10-29 2018-09-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 3,904 -473 -10.81 440 -15.22 0.0112
2018-07-31 2018-06-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 4,377 -1,290 -22.76 519 -27.21 0.0171
2018-04-26 2018-03-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 5,667 -117 -2.02 713 -0.28 0.0283
2018-01-16 2017-12-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 5,784 -574 -9.03 715 -7.50 0.0317
2017-10-16 2017-09-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 6,358 -340 -5.08 773 -2.15 0.0365
2017-07-17 2017-06-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 6,698 10 0.15 790 -0.50 0.0405
2017-04-17 2017-03-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 6,688 -50,893 -88.39 794 -87.42 0.0449
2017-01-19 2016-12-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 57,581 -38,185 -39.87 6,311 -47.55 0.3868
2016-10-17 2016-09-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 95,766 11,231 13.29 12,032 12.54 0.8305
2016-07-21 2016-06-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 84,535 83,971 14,888.48 10,691 16,098.48 0.7797
2016-04-18 2016-03-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 564 0 0.00 66 15.79 0.0058
2016-02-01 2015-12-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 564 0 0.00 57 -5.00 0.0056
2015-10-30 2015-09-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 564 564 0.00 60 0.0060
2014-08-14 2014-06-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 0 -31,150 -100.00 0 -100.00
2014-05-16 2014-03-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 31,150 8,538 37.76 3,850 46.61 0.5248
2014-02-14 2013-12-31 13F SPDR GOLD TRUST GOLD SHS 78463V107 22,612 6,310 38.71 2,626 25.65 0.4097
2013-11-14 2013-09-30 13F SPDR GOLD TRUST GOLD SHS 78463V107 16,302 16,302 2,090 0.5483
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.