Goldman Sachs Physical Gold ETF (AAAU) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
AAAU currently has 61.8M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 82.28% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 11, 2026 |
10-Q filing | 61.8M shares outstanding |
62M | 0 |
| Nov 07, 2025 |
10-Q filing | 56.7M shares outstanding |
57M | 0 |
| May 08, 2025 |
10-Q filing | 46.1M shares outstanding |
46M | 0 |
| Feb 26, 2025 |
10-K filing | 31.7M shares outstanding |
32M | 0 |
| Nov 07, 2024 |
10-Q filing | 31.8M shares outstanding |
32M | 0 |
| Aug 07, 2024 |
10-Q filing | 30.2M shares outstanding |
30M | 0 |
| May 09, 2024 |
10-Q filing | 29.9M shares outstanding |
30M | 0 |
| Mar 07, 2024 |
10-K filing | 29.8M shares outstanding |
30M | 0 |
| Nov 08, 2023 |
10-Q filing | 27.7M shares outstanding |
28M | 0 |
| Aug 07, 2023 |
10-Q filing | 32.5M shares outstanding |
32M | 0 |
| May 04, 2023 |
10-Q filing | 32.6M shares outstanding |
33M | 0 |
| Mar 02, 2023 |
10-K filing | 24.3M shares outstanding |
24M | 0 |
| Nov 04, 2022 |
10-Q filing | 23.4M shares outstanding |
23M | 0 |
| Aug 05, 2022 |
10-Q filing | 33.5M shares outstanding |
34M | 0 |
| May 09, 2022 |
10-Q filing | 38.5M shares outstanding |
39M | 0 |
| Mar 10, 2022 |
S-3 filing: This is an S-3 filing for fractional undivided beneficial interest in the net assets of the Trust, where the Trust receives gold deposited with the Custodian only by Authorized Participants in exchange for the creation of Baskets, each equal to at least 25,000 Shares. |
21M | 0 |
| Mar 07, 2022 |
10-K filing | 21.5M shares outstanding |
21M | 0 |
| Nov 05, 2021 |
10-Q filing | 21.4M shares outstanding |
21M | 0 |
| Aug 06, 2021 |
10-Q filing | 19.6M shares outstanding |
20M | 0 |
| May 07, 2021 |
10-Q filing | 19.4M shares outstanding |
19M | 0 |
| Mar 26, 2021 |
10-K filing | 27.1M shares outstanding |
27M | 0 |
| Nov 06, 2020 |
10-Q filing | 26.7M shares outstanding |
27M | 0 |
| Aug 07, 2020 |
10-Q filing | 24.6M shares outstanding |
25M | 0 |
| May 08, 2020 |
10-Q filing | 16.0M shares outstanding |
16M | 0 |
| Mar 13, 2020 |
10-K filing | 11.6M shares outstanding |
12M | 0 |