Soros Fund Management LLC dissolved its shares in the world's biggest gold exchange-traded fund in the third quarter of 2016, ahead of the U.S. presidential election, a U.S. Securities and Exchange Commission filing showed on Monday.

By the end of September, billionaire financier George Soros' fund eliminated its position in SPDR Gold Trust as bullion prices briefly rose to the highest in more than two years, having held 240,000 shares worth $30.4 million in the second quarter,

Soros more than doubled its shares in miner Barrick Gold Corp to 2.85 million shares worth $50.5 million, from 1.07 million shares in the second quarter, the 13F filing showed. ADVERTISING inRead invented by Teads

Paulson & Co, led by longtime gold bull John Paulson, held its stake in SPDR Gold Trust unchanged at 4.78 million shares. Its value fell to $600 million by the end of the third quarter from $603.9 million in the second quarter.