SAN FRANCISCO (MarketWatch) -- Eton Park Capital Management LP, a hedge fund run by former Goldman Sachs trader Eric Mindich, disclosed a big new stake in a gold exchange-traded fund during the second quarter, according to a regulatory filing Monday.
Mindich joins other hedge fund managers, such as John Paulson of Paulson & Co., who have taken big gold positions in recent years. See MarketWatch special report on the new gold bugs.
Eton Park held almost 6.6 million shares of the SPDR Gold Trust ETF(GLD 119.79, +0.06, +0.05%) at the end of June. The firm also held 5 million calls and 4 million puts on the gold ETF, according to Monday's regulatory filing. (Calls give investors the right to buy securities, while puts give them the right to sell).
At the end of March, Eton Park disclosed no stakes in the SPDR Gold Trust.
Paulson & Co., one of the world's largest hedge funds, disclosed Monday that it held a stake of 31.5 million shares of the gold trust at the end of June. That was unchanged from the end of March. Paulson is the biggest investor in the gold trust, according to FactSet.
Alistair Barr is a reporter for MarketWatch in San Francisco.
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