“Combined with the decline in prices, the holdings are now valued at $125 billion, down from $141.7 billion in August,” it said.
In the hedge fund business, Soros Fund Management more than tripled its investment in GLD, the gold ETF, in the first quarter to 319,550 shares now valued at $50.2 million, Bloomberg reported.
Paulson & Co. still holds 17.3 million shares in SPDR Gold Shares, now valued at $2.72 billion, according to the report, which cited an SEC filing.
SPDR Gold Shares
Full disclosure: Tom Lydon’s clients own GLD.