GLD on NYSE

SPDR Gold Shares

Exchange-traded fund

SPDR Gold Shares (also known as SPDR Gold Trust) is part of the SPDR family of exchange-traded funds (ETFs) managed and marketed by State Street Global Advisors (SSGA). For a few years, the fund was the second-largest ETF in the world, and it was briefly the largest. As of April 2026, it remains in the top ten.3 It is headquartered in New York, New York.1 Its shares trade on NYSE under the symbol GLD.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$35.6BNet income, fiscal 20254

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  • TickerGLD on NYSE1
  • IndustryCommodity Contracts Brokers & Dealers1
  • HeadquartersNew York, New York1
  • Business addressC/O World Gold Trust Services, Llc, 685 Third Avenue, Suite 2702, New York, Ny 100175
  • Filer categoryLarge accelerated filer5

SPDR Gold Shares (also known as SPDR Gold Trust) is part of the SPDR family of exchange-traded funds (ETFs) managed and marketed by State Street Global Advisors (SSGA). For a few years, the fund was the second-largest ETF in the world, and it was briefly the largest. As of April 2026, it remains in the top ten.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income78910114$35.6B in 2025
-$20.0B0$20.0B$40.0B2018: -$2.6B-$2.6B20182019: $7.3B$7.3B20192020: $13.1B$13.1B2020+80%2021: -$5.7B-$5.7B20212022: -$2.9B-$2.9B2022−49%2023: $5.5B$5.5B20232024: $20.4B$20.4B2024+267%2025: $35.6B$35.6B2025+75%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.4

Period ending2025-09-302024-09-302023-09-30
Sponsor fees$363.1M$242.1M$221.6M
Total expenses$363.1M$242.1M$221.6M
Net investment loss-$363.1M-$242.1M-$221.6M
Net realized gain/(loss) from investment in gold sold to pay expenses$114.9M$51.2M$26.6M
Net realized gain/(loss) from gold distributed for the redemption of shares$11.9B$3.3B$1.7B
Net change in unrealized gain/(loss) on investment in gold$23.9B$17.3B$4.0B
Net realized and change in unrealized gain/(loss) on investment in gold$35.9B$20.6B$5.8B
Net income/(loss)$35.6B$20.4B$5.5B
Net income/(loss) per share$111.13$69.02$17.50
Weighted average number of shares (in 000s) (in shares)319.9M shares295.0M shares317.0M shares

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The story

In November 2004, the fund was listed (under the name streetTRACKS Gold Shares) on the New York Stock Exchange (NYSE) by SSGA with World Gold Council sponsorship. Since 13 December 2007 and following a name change on 20 May 2008, SPDR Gold Shares has traded on NYSE Arca (NYSE Arca: GLD). It also trades on the Hong Kong Stock Exchange (SEHK: 2840), Singapore Stock Exchange (SGX:GLD 10US$), and Tokyo Stock Exchange (TYO: 1326). In June 2018, State Street started the Gold MiniShares (NYSE Arca: GLDM) Trust with a lower expense ratio of 0.18% and a lower NAV at one-hundredth the price of an ounce of gold.

From Wikipedia’s article on SPDR Gold Shares, shared under CC BY-SA 4.0.6

Former names

  • streetTRACKS GOLD TRUSTNov 8, 2004 to May 20, 20085
  • EQUITY GOLD TRUSTMay 13, 2003 to Aug 30, 20045

Timeline

  1. Sep 28, 20268-K Executive or director change16
  2. Feb 9, 20268-K Executive or director change17
  3. May 29, 20248-K Other events18
  4. Apr 1, 20248-K Executive or director change19
  5. Sep 12, 20238-K Executive or director change20
  6. Mar 29, 20238-K Executive or director change21
  7. Mar 1, 20238-K Other events22
  8. Jan 3, 20238-K Executive or director change23
  9. Nov 30, 20228-K Entered a material agreement24
  10. Oct 13, 20228-K Executive or director change25
  11. May 16, 20228-K Other events26
  12. Apr 14, 20228-K Executive or director change27

Filings

60 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 13 major events, 26 other. The latest 20:

  1. Sep 28, 20268-K EDGAR
  2. Aug 4, 202610-Q EDGAR
  3. May 5, 202610-Q EDGAR
  4. Feb 13, 2026FWP EDGAR
  5. Feb 9, 20268-K EDGAR
  6. Feb 4, 202610-Q EDGAR
  7. Dec 22, 2025424I EDGAR
  8. Nov 25, 202510-K EDGAR
  9. Aug 6, 202510-Q EDGAR
  10. Jul 18, 2025FWP EDGAR
  11. May 7, 202510-Q EDGAR
  12. Apr 14, 2025FWP EDGAR
  13. Feb 12, 2025FWP EDGAR
  14. Feb 5, 202510-Q EDGAR
  15. Feb 3, 2025FWP EDGAR
  16. Dec 20, 2024424I FORM 424(I) EDGAR
  17. Dec 19, 202410-K/A EDGAR
  18. Nov 25, 202410-K EDGAR
  19. Nov 21, 2024FWP EDGAR
  20. Nov 12, 2024FWP EDGAR

The 60 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Bank Of America Corp /de/11,018,304$4.1B0.3%−45,891
Morgan Stanley10,752,962$4.0B0.2%−159,416
UBS Group AG7,097,437$2.6B0.4%+513,779
First Eagle Investment Management, LLC4,983,246$1.8B1.5%+2,527,505
LPL Financial LLC4,474,651$1.6B0.4%−260,650
Wells Fargo & Company/mn3,417,622$1.3B0.2%−191,583
BlackRock, Inc.3,042,884$1.1B0.0%+1,534,384
Raymond James Financial Inc2,392,048$881.2M0.2%−15,035
Royal Bank Of Canada2,171,042$799.8M0.1%−38,351
Citigroup Inc2,128,786$784.2M0.4%+464,062
Jpmorgan Chase & Co1,967,394$725.1M0.0%−468,370
Goldman Sachs Group Inc1,767,070$651.0M0.1%−305,579
Barclays PLC1,539,367$567.1M0.2%−431,106
Ameriprise Financial Inc1,518,429$562.0M0.1%−5,916
HighTower Advisors, LLC1,409,760$519.3M0.5%−17,158
Bank Of Montreal /can/1,251,197$460.9M0.2%New
Envestnet Asset Management Inc1,169,683$430.9M0.1%+5,793
Bnp Paribas Financial Markets1,150,921$424.0M0.2%−44,776
Comprehensive Financial Management LLC1,147,529$422.7M13.9%No change
Marino Management, LLC1,106,395$407.6M84.9%No change
Rockefeller Capital Management L.P.952,134$350.7M0.5%+25,304
Osaic Holdings, Inc.883,441$325.5M0.4%+49,846
State Street Corp828,685$305.3M0.0%−112,386
Cetera Investment Advisers825,188$304.0M0.3%−26,831
Commonwealth Equity Services, LLC820,221$302.2M0.4%−31,296

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

16 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 13, 2024Thomas R Carper, SenatePartial sale$1,001 - $15,000Report
Jun 8, 2023Michael Garcia, HouseSale$15,001 - $50,000−29.8%Report
Aug 10, 2022Thomas R Carper, SenateSale$1,001 - $15,000Report
May 10, 2022Thomas R Carper, SenatePartial sale$1,001 - $15,000Report
Mar 7, 2022Thomas R Carper, SenateBuy$1,001 - $15,000Report
Mar 7, 2022Thomas R Carper, SenateBuy$1,001 - $15,000Report
Jan 26, 2022Thomas R Carper, SenatePartial sale$1,001 - $15,000Report
Jan 18, 2022Thomas R Carper, SenateBuy$1,001 - $15,000Report
Jul 26, 2021Thomas R Carper, SenateBuy$1,001 - $15,000Report
Nov 20, 2020Thomas R Carper, SenateBuy$1,001 - $15,000Report
Aug 25, 2020Raul M GrijalvaDemocratic, HouseSale$1,001 - $15,000Report
Aug 18, 2020Pat Roberts, SenateBuy$15,001 - $50,000−24.5%Report
Aug 13, 2020Thomas R Carper, SenatePartial sale$1,001 - $15,000Report
May 14, 2020Raul M GrijalvaDemocratic, HouseBuy$1,001 - $15,000Report
Apr 2, 2020Thomas R Carper, SenateBuy$1,001 - $15,000Report
Apr 2, 2020Thomas R Carper, SenatePartial sale$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How SPDR Gold Shares is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSPDR GOLD TRUST2
  • CIK0001222333
  • Employer ID (EIN)81-612403528
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company28
  • Incorporated inNew York28
  • Fiscal year endsSeptember 302
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers2
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance2
  • Business addressC/O World Gold Trust Services, Llc, 685 Third Avenue, Suite 2702, New York, NY 100172
  • Mailing address685 Third Avenue, Suite 2702, New York, NY 100172
  • Phone21231738002
  • Shares outstanding352,400,000 as of Aug 3, 202614
  • Public float$93.5B as of Mar 31, 202528
  • AuditorKPMG LLP, New York, NY PCAOB ID 185; it also attests to the company’s internal control over financial reporting28
  • On EDGAR sinceMay 13, 20032
  • Filings998 in all: FWP (753), 10-Q (66), 8-K (40), DEFA14A (28), 10-K (21), S-3ASR (14), UPLOAD (14), 424B3 (7)2
    All 32 form types

    CORRESP (7), NO ACT (5), POSASR (5), S-1/A (5), SC 13G/A (5), POS AM (4), 424I (3), SC 13G (3), 10-K/A (2), 8-A12B (2), 10-Q/A (1), 25 (1), 424B2 (1), 424B5 (1), CERTNYS (1), CERTPAC (1), DEF 14A (1), DEL AM (1), EFFECT (1), NT 10-Q (1), PRE 14A (1), PRER14A (1), S-1 (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Nov 25, 2025
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Jun 19, 2014
    Latest 8-K (8-K) Sep 28, 2026

Securities registered for trading

ClassSymbolExchange
SPDR® Gold SharesGLD®NYSE Arca, Inc.

From the cover page of the 10-K filed Nov 25, 2025 (Section 12(b) of the Exchange Act).28

Risk factors and legal proceedings

The risks SPDR Gold Shares names in Item 1A of its 10-K filed Nov 25, 2025: 27 risks under these headings, as written.28

  • You should consider carefully the risks described below before making an investment decision. You should also refer to the other information included in this report, including the Trust’s financial statements and the related notes.
  • Risks Related to Gold
  • Crises may motivate large-scale sales of gold which could decrease the price of gold and adversely affect an investment in the Shares.
  • Substantial sales of gold by the official sector could adversely affect an investment in the Shares.
  • The price of gold may be affected by the sale of gold by ETFs or other exchange traded vehicles tracking gold markets.
  • The value of the gold held by the Trust is determined using the LBMA Gold Price PM. Potential discrepancies in the calculation of the LBMA Gold Price PM, as well as any future changes to the LBMA Gold Price PM, could impact the value of the gold held by the Trust and could have an adverse effect on the value of an investment in the Shares.
  • Risks Related to the Custody of Gold
  • The Trust’s gold may be subject to loss, damage, theft or restriction on access.
  • The Trust may not have adequate sources of recovery if its gold is lost, damaged, stolen or destroyed and recovery may be limited, even in the event of fraud, to the market value of the gold at the time the fraud is discovered.
  • Because the Trustee and the Custodians do not oversee or monitor the activities of subcustodians who may temporarily hold the Trust’s gold bars until transported to a Custodian’s London vault premises, failure by the subcustodians to exercise due care in the safekeeping of the Trust’s gold bars could result in a loss to the Trust.
  • The ability of the Trustee and the Custodians to take legal action against subcustodians may be limited, which increases the possibility that the Trust may suffer a loss if a subcustodian does not use due care in the safekeeping of the Trust’s gold bars.
  • The gold bullion custody operations of the Custodians are not subject to specific governmental regulatory supervision.
The other 17 risks
  • General Risks
  • The Trust relies on the information and technology systems of the Trustee, the Custodians, the Marketing Agent and, to a lesser degree, the Sponsor, which could be adversely affected by information systems interruptions, cybersecurity attacks or other disruptions which could have a material adverse effect on the record keeping and operations of the Trust.
  • The Trust, as well as the Sponsor and its service providers, are vulnerable to the effects of geopolitical events, including ongoing and escalating conflicts in the Middle East, the continuation of the war in Ukraine, and changes in international trade policy.
  • The Trust as well as the Sponsor and its service providers are vulnerable to the effects of public health crises such as the coronavirus pandemic (the “COVID-19 pandemic”).
  • Potential conflicts of interest may arise among the Sponsor or its affiliates and the Trust.
  • Risks Related to the Shares
  • The value of the Shares relates directly to the value of the gold held by the Trust and fluctuations in the price of gold could materially adversely affect an investment in the Shares.
  • If concerns about the integrity or reliability of the LBMA Gold Price PM arise, even if eventually shown to be without merit, such concerns could adversely affect investor interest in gold and therefore adversely affect the price of gold and the value of an investment in the Shares.
  • The amount of gold represented by the Shares will continue to be reduced during the life of the Trust due to the sales of gold necessary to pay the Trust’s expenses irrespective of whether the trading price of the Shares rises or falls in response to changes in the price of gold.
  • The Trust is a passive investment vehicle. This means that the value of the Shares may be adversely affected by Trust losses that, if the Trust had been actively managed, it might have been possible to avoid.
  • The Shares may trade at a price which is at, above or below the NAV per Share and any discount or premium in the trading price relative to the NAV per Share may widen as a result of non-concurrent trading hours between the COMEX and NYSE Arca.
  • The sale of the Trust’s gold to pay expenses at a time of low gold prices could adversely affect the value of the Shares.
  • Shareholders do not have the protections associated with ownership of shares in an investment company registered under the Investment Company Act of 1940, as amended, or the protections afforded by the Commodity Exchange Act.
  • The Trust may be required to terminate and liquidate at a time that is disadvantageous to Shareholders.
  • The liquidity of the Shares may be affected by the withdrawal of Authorized Participants.
  • The lack of an active trading market or a halt in trading of the Shares may result in losses on investment at the time of disposition of the Shares.
  • Redemption orders are subject to postponement, suspension or rejection by the Trustee under certain circumstances.
  • Shareholders do not have the rights enjoyed by investors in certain other vehicles.
  • The Trust’s obligation to reimburse the Marketing Agent and the Authorized Participants for certain liabilities in the event the Sponsor fails to indemnify such parties could adversely affect an investment in the Shares.