SPDR Gold Shares
US ˙ ARCA ˙ US78463V1070

SecurityGLD / SPDR Gold Shares
InstitutionTocqueville Asset Management L.p.
Latest Disclosed Ownership60,752 shares
Latest Disclosed Value $ 26,140,978
Tocqueville Asset Management L.p. reports 1.78% decrease in ownership of GLD / SPDR Gold Shares

On May 12, 2026 - Tocqueville Asset Management L.p. filed a 13F-HR form disclosing ownership of 60,752 shares of SPDR Gold Shares (US:GLD) valued at $26,140,978 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 61,850 shares of SPDR Gold Shares. This represents a change in shares of -1.78% during the quarter. The current value of the position is $24,072,372 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)
2026-05-12 2026-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 60,752 -1,098 -1.78 26,141 6.65 0.3876
2026-02-12 2025-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 61,850 -7,193 -10.42 24,512 -0.13 0.3575
2025-11-13 2025-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 69,043 2,293 3.44 24,543 20.62 0.3568
2025-08-12 2025-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 66,750 -1,188 -1.75 20,347 3.94 0.3097
2025-05-13 2025-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 67,938 171 0.25 19,576 19.30 0.3197
2025-02-10 2024-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 67,767 -120 -0.18 16,408 -0.56 0.2573
2024-11-08 2024-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 67,887 477 0.71 16,501 13.85 0.2592
2024-08-12 2024-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 67,410 -80 -0.12 14,494 4.39 0.2392
2024-05-09 2024-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 67,490 1,025 1.54 13,884 9.27 0.2268
2024-02-12 2023-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 66,465 6 0.01 12,706 11.51 0.2303
2023-11-09 2023-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 66,459 -40 -0.06 11,394 -3.88 0.2164
2023-08-11 2023-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 66,499 -1,390 -2.05 11,855 -4.70 0.2123
2023-05-10 2023-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 67,889 -950 -1.38 12,439 6.52 0.2350
2023-02-09 2022-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 68,839 12,885 23.03 11,678 34.93 0.2218
2022-11-10 2022-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 55,954 -415 -0.74 8,654 -8.87 0.1764
2022-08-12 2022-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 56,369 -864 -1.51 9,496 -8.15 0.1737
2022-05-16 2022-03-31 13F SPDR Gold Trust COM 78463V107 57,233 315 0.55 10,339 6.25 0.1562
2022-02-14 2021-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 56,918 3,810 7.17 9,731 11.58 0.1338
2021-11-15 2021-09-30 13F SPDR GOLD TR GOLD SHS 78463V107 53,108 -1,380 -2.53 8,721 -3.37 0.1292
2021-08-16 2021-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 54,488 3,915 7.74 9,025 11.56 0.1304
2021-05-17 2021-03-31 13F SPDR GOLD TR GOLD SHS 78463V107 50,573 -4,043 -7.40 8,090 -16.95 0.1245
2021-02-16 2020-12-31 13F SPDR GOLD TR GOLD SHS 78463V107 54,616 -2,618 -4.57 9,741 -3.91 0.1626
2020-11-16 2020-09-30 13F SPDR GOLD TRUST COM 78463V107 57,234 -9,734 -14.54 10,137 -9.56 0.1939
2020-08-12 2020-06-30 13F SPDR GOLD TR GOLD SHS 78463V107 66,968 4,060 6.45 11,208 20.33 0.2337
2020-05-15 2020-03-31 13F SPDR GOLD TRUST COM 78463V107 62,908 8,828 16.32 9,314 20.52 0.2314
2020-01-14 2019-12-31 13F SPDR Gold Trust COM 78463V107 54,080 2,806 5.47 7,728 8.54 0.1137
2019-10-31 2019-09-30 13F SPDR Gold Trust COM 78463V107 51,274 -740 -1.42 7,120 2.77 0.0966
2019-07-31 2019-06-30 13F SPDR Gold Trust COM 78463V107 52,014 1,450 2.87 6,928 12.30 0.0898
2019-04-30 2019-03-31 13F SPDR Gold Trust COM 78463V107 50,564 -4,165 -7.61 6,169 -7.04 0.0823
2019-02-08 2018-12-31 13F SPDR Gold Trust COM 78463V107 54,729 -12,537 -18.64 6,636 -12.51 0.0994
2018-11-13 2018-09-30 13F SPDR Gold Trust COM 78463V107 67,266 -201 -0.30 7,585 -5.25 0.0956
2018-08-13 2018-06-30 13F SPDR Gold Trust COM 78463V107 67,467 -34 -0.05 8,005 -5.72 0.1015
2018-05-14 2018-03-31 13F SPDR Gold Trust COM 78463V107 67,501 -3,934 -5.51 8,491 -3.87 0.1082
2018-02-13 2017-12-31 13F SPDR Gold Trust COM 78463V107 71,435 -455 -0.63 8,833 1.06 0.1003
2017-10-30 2017-09-30 13F SPDR Gold Trust COM 78463V107 71,890 1,138 1.61 8,740 4.67 0.1005
2017-08-04 2017-06-30 13F SPDR Gold Trust COM 78463V107 70,752 -1,506 -2.08 8,350 -2.66 0.1002
2017-04-28 2017-03-31 13F SPDR Gold Trust COM 78463V107 72,258 9,130 14.46 8,578 23.98 0.1047
2017-01-30 2016-12-31 13F SPDR Gold Trust COM 78463V107 63,128 -26,138 -29.28 6,919 -38.31 0.0885
2016-10-31 2016-09-30 13F SPDR Gold Trust COM 78463V107 89,266 -569 -0.63 11,215 -1.29 0.1346
2016-08-15 2016-06-30 13F/A-1 SPDR Gold Trust COM 78463V107 89,835 -7,057 -7.28 11,361 -0.32 0.1354
2016-07-29 2016-06-30 13F SPDR Gold Trust COM 78463V107 89,835 11,361
2016-04-29 2016-03-31 13F SPDR Gold Trust COM 78463V107 96,892 -4,325 -4.27 11,398 10.99 0.1510
2016-01-29 2015-12-31 13F SPDR Gold Trust COM 78463V107 101,217 -9,113 -8.26 10,269 -12.90 0.1392
2015-10-30 2015-09-30 13F SPDR Gold Trust COM 78463V107 110,330 -4,515 -3.93 11,790 -8.64 0.1577
2015-07-31 2015-06-30 13F SPDR Gold Trust COM 78463V107 114,845 -860 -0.74 12,905 -1.87 0.1520
2015-04-30 2015-03-31 13F SPDR Gold Trust COM 78463V107 115,705 115,705 0.00 13,151 0.1546
2014-10-30 2014-09-30 13F SPDR Gold Trust COM 78463V107 0 -132,666 -100.00 0 -100.00
2014-09-18 2014-06-30 13F/A-1 SPDR Gold Trust COM 78463V107 132,666 132,666 -31.49 16,987 -31.56 0.1653
2014-07-30 2014-06-30 13F SPDR Gold Trust COM 78463V107 132,666 16,987
2014-01-30 2013-12-31 13F SPDR Gold Trust COM 78463V107 0 -193,642 -100.00 0 -100.00
2013-10-30 2013-09-30 13F SPDR Gold Trust COM 78463V107 193,642 -93,664 -32.60 24,821 -27.47 0.3094
2013-07-30 2013-06-30 13F SPDR Gold Trust COM 78463V107 287,306 287,306 34,221 0.4633
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.