abrdn Physical Gold Shares ETF (SGOL)

Highly Crowded

Held by 474 of 5,944 reporting institutions (97th percentile) — extremely crowded.

Data as of Q1 2026

Institutional Ownership

34.94%

QoQ Change

N/A

Total Value

$2.8T

Shares Outstanding

182.4M

Crowding AnalysisHighly Crowded

Holders474of 5,944

Avg: 68

Uncrowded97th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.83x

88th percentile

191 buying231 selling

+66

New

-46

Closed

+2.0M

Net shares

Holding Period Distribution

estimate

Median: 4.5 QAvg: 4.6 QHolders: 474

Ownership Concentration

Top 5: 34.1%Top 10: 45.8%

Metis Global Partners,10.3%

JPMORGAN CHASE &10.0%

BANK OF AMERICA5.4%

WELLS FARGO & COMPANY/MN4.8%

LPL Financial3.6%

Others (469)65.9%

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Conviction-Weighted Ownership

Median weight: 0.03%Avg weight: 1.82%Max: 7.51%High conviction (>1%): 3

Metis Global Partners,

JPMORGAN CHASE &

BANK OF AMERICA

WELLS FARGO & COMPANY/MN

Ethos Financial Group,

Almanack Investment Partners,

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

BOUGHTJPMORGAN CHASE$85M2.0M shr

NEWEthos Financial Group$46M1.0M shr

NEWAlmanack Investment Partners$44M997K shr

BOUGHTMetis Global Partners$20M440K shr

SOLDBANK OF AMERICA CORP /DE$18M404K shr

NEWPURE PORTFOLIOS HOLDINGS$42M1.0M shr

SOLDMetis Global Partners$27M658K shr

BOUGHTLPL Financial$12M301K shr

BOUGHTJPMORGAN CHASE$10M239K shr

BOUGHTMORGAN STANLEY$5M124K shr

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Institutional Trends (8 Quarters)

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Institutional Holders

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