Several institutional investors trimmed their SPDR Gold Shares (GLD) positions in the first quarter, reflecting a broader move among hedge funds and others that collectively own about 42% of the ETF. Levin Capital Strategies reduced its stake to 34,155 shares, selling 7,118, and noting GLD remains a small portion of its portfolio; Measured Wealth Private Client Group also cut by 4,710 shares to hold 60,432, with GLD representing its largest position. Signature Equity Partners LLC reduced its GLD stake by 5,662 shares to 14,949, making GLD the firm’s second-largest holding, as other funds also adjusted positions in the period. The reports collectively underscore ongoing institutional rebalancing in GLD as gold markets show resilience with prices supported by a softer dollar and technical momentum. While some funds trimmed, others increased or added to GLD positions in related holdings, highlighting a mixed but active reallocation environment around bullion-backed equities. The aggregated data illustrate GLD’s continuing role in institutional portfolios, even as specific fund moves vary by firm.