Permanent Capital Management LP Invests $3.57 Million in SPDR Gold Shares $GLD

Permanent Capital Management LP bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the third quarter, Holdings Channel reports. The fund bought 10,032 shares of the exchange traded fund’s stock, valued at approximately $3,566,000. SPDR Gold Shares accounts for 0.7% of Permanent Capital Management LP’s holdings, making the stock its 17th largest position.

Several other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC boosted its position in SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of SPDR Gold Shares by 86.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 75,465 shares of the exchange traded fund’s stock worth $21,744,000 after purchasing an additional 35,010 shares during the period. Vident Advisory LLC purchased a new position in shares of SPDR Gold Shares during the 1st quarter valued at approximately $279,000. Finally, Lanham O Dell & Company Inc. lifted its stake in shares of SPDR Gold Shares by 62.2% in the 1st quarter. Lanham O Dell & Company Inc. now owns 3,295 shares of the exchange traded fund’s stock valued at $950,000 after purchasing an additional 1,263 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $416.74 on Monday. The company has a market capitalization of $150.82 billion, a PE ratio of -32.43 and a beta of 0.09. The company’s fifty day moving average price is $384.10 and its 200 day moving average price is $345.66. SPDR Gold Shares has a 1 year low of $239.58 and a 1 year high of $418.45.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold hit fresh record highs around $4,550/oz and FXEmpire notes buyers remain in control, supporting continued ETF inflows into GLD. Gold (XAU/USD) Price Forecast: Rally Extends to Fresh Highs as Buyers Maintain Control
• Positive Sentiment: Analysts and coverage (Kitco/Goldman Sachs) are bullish on gold’s multi‑year breakout — Goldman projects spot to reach ~$4,900/oz in Q4 2026 — which supports a longer‑term case for GLD accumulation. “Gold remains our single favorite long commodity,” spot price to reach $4,900/oz in Q4 2026 – Goldman Sachs
• Positive Sentiment: Technical breakout commentary and weekly outlooks (FXEmpire/Kitco/WSJ) show sustained momentum and safe‑haven buying (weaker dollar, geopolitical risk), a near‑term tailwind for GLD. Gold Weekly Price Outlook – Gold Breaks Out for the Week
• Neutral Sentiment: Zacks highlights that silver ETFs have had an even stronger run and could outperform in 2026 due to industrial demand and supply deficits — this could limit relative flows into GLD versus silver ETPs. Gold Or Silver ETFs: What Could Rally More in 2026?
• Neutral Sentiment: Sector capital activity: a gold miner (U.S. Gold Corp) completed a $31.2M raise — indicates continued investor interest in the gold space but is more relevant to miners than to GLD. U.S. Gold Corp raises $31M to advance gold project – ICYMI
• Negative Sentiment: Several reports warn of overbought readings and short‑term pullback risk (FXEmpire, Kitco): analysts flag potential retracements that could trigger temporary outflows from GLD even as the long‑term trend remains up. Gold News: Gold Analysis Highlights Pullback Risk Despite Long-Term Bullish Trend

SPDR Gold Shares Company 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.