VanEck Merk Gold ETF(OUNZ)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
OUNZ Stock Analysis & AI Quality Score
AI stock analysis and institutional research for VanEck Merk Gold ETF (OUNZ), a Financials sector company. OUNZ is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Top institutional holders of OUNZ by reported 13-F value include Morton Capital Management /CA, LPL Financial, RAYMOND JAMES FINANCIAL, based on the most recent SEC filings. OUNZ trades on the NYSE exchange and files with the SEC under CIK 1546652. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate OUNZ daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for VanEck Merk Gold ETF directly from SEC EDGAR.
Net Income
Q1 2027
$-139.3M
ROIC
Q1 2027
-4.9%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+19.9% YoYOperating Income
Total Assets
+19.0% YoY| Metric | FY 2024 | FY 2023 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Net Income | $37.9M +19.9% | $31.6M +4.0% | $30.4M +1397.0% | $-2.3M -167.7% | $3.5M +143.8% | $-7.9M |
| Operating Income | — | — | $-660.2K -17.2% | $-563.4K -5.8% | $-532.6K -92.2% | $-277.1K |
| Total Assets | $786.1M +19.0% | $660.3M +232.7% | $198.5M +28.7% | $154.2M +24.9% | $123.4M +47.6% | $83.7M |
AI Insight: OUNZ Financial Trends
Gold ETF swung to a $139M loss in Q2 2026 after a $472M gain in Q1, signaling extreme earnings volatility tied to gold price moves.
• Net income collapsed from $472M profit (Q1 2026) to $139M loss (Q2 2026)—a $611M swing in one quarter.
• Equity grew 64% from $1,018M (Q3 2024) to $2,903M (Q1 2026), then contracted slightly to $2,825M (Q2 2026).
⚠ Fund lacks revenue, operating income, operating cash flow, and debt disclosures—critical metrics unavailable for fundamental analysis.
⚠ Gold price sensitivity dominates earnings; Q3 2025 and Q2 2026 losses suggest downside volatility during periods of gold weakness.
AI Insight: OUNZ Ratio Trends
OUNZ shows extreme quarterly volatility with ROE swinging from +65% to −19.7% in consecutive quarters, indicating unstable underlying asset performance.
• ROE collapsed to −19.7% in Q2 2026, reversing the +65.0% spike from Q1 2026 — dramatic quarter-over-quarter reversal.
• ROA mirrors ROE volatility precisely across all periods, ranging from −19.7% to +65.0% — no leverage effect observed.
⚠ Consecutive negative returns in Q3 2025 (−1.1%) and Q2 2026 (−19.7%) suggest deteriorating underlying gold/commodity holdings.
⚠ Wild quarter-to-quarter swings (±60–80 percentage points) are atypical and signal either mark-to-market volatility or significant portfolio shifts.
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Available Research
13F Pro tracks comprehensive data for VanEck Merk Gold ETF including:
Top Institutional Holders of OUNZ
Morton Capital Management LLC/CA
$154.7M3,433,212 shLPL Financial LLC
$146.0M3,241,811 shRAYMOND JAMES FINANCIAL INC
$58.5M1,298,740 shPitcairn Wealth Advisors LLC
$55.5M1,336,957 shENVESTNET ASSET MANAGEMENT INC
$46.8M1,039,375 shCetera Investment Advisers
$44.0M976,870 shAMERIPRISE FINANCIAL INC
$36.1M802,105 shAsset One Wealth Management LLC
$34.3M763,076 shModern Wealth Management, LLC
$24.9M543,585 shDrake & Associates, LLC
$23.0M510,226 sh
| Fund | Value | Shares |
|---|---|---|
| Morton Capital Management LLC/CA | $154.7M | 3,433,212 |
| LPL Financial LLC | $146.0M | 3,241,811 |
| RAYMOND JAMES FINANCIAL INC | $58.5M | 1,298,740 |
| Pitcairn Wealth Advisors LLC | $55.5M | 1,336,957 |
| ENVESTNET ASSET MANAGEMENT INC | $46.8M | 1,039,375 |
| Cetera Investment Advisers | $44.0M | 976,870 |
| AMERIPRISE FINANCIAL INC | $36.1M | 802,105 |
| Asset One Wealth Management LLC | $34.3M | 763,076 |
| Modern Wealth Management, LLC | $24.9M | 543,585 |
| Drake & Associates, LLC | $23.0M | 510,226 |
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Is OUNZ a good stock to buy?
13F Pro's AI-powered analysis of VanEck Merk Gold ETF (OUNZ) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for OUNZ are available on the OUNZ stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own OUNZ?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling OUNZ. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of VanEck Merk Gold ETF's investment landscape.