Adage Capital Partners’s VanEck Gold Miners ETF GDX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-500,000	Closed	-$14.6M	–	754
2019 Q4	$14.6M	Sell	500,000 -1,100,000	-69%	-$32.2M	0.04%	464
2019 Q3	$42.7M	Buy	+1,600,000	New	+$42.7M	0.1%	224
2019 Q2	–	Sell	-250,000	Closed	-$5.61M	–	733
2019 Q1	$5.61M	Sell	250,000 -750,000	-75%	-$16.8M	0.01%	599
2018 Q4	$21.1M	Buy	+1,000,000	New	+$21.1M	0.06%	314
2018 Q1	–	Sell	-1,500,000	Closed	-$34.9M	–	738
2017 Q4	$34.9M	Buy	+1,500,000	New	+$34.9M	0.08%	290
2017 Q3	–	Sell	-2,000,000	Closed	-$44.2M	–	725
2017 Q2	$44.2M	Sell	2,000,000 -500,000	-20%	-$11M	0.11%	255
2017 Q1	$57M	Sell	2,500,000 -2,250,000	-47%	-$51.3M	0.14%	201
2016 Q4	$99.4M	Buy	4,750,000 +2,750,000	+138%	+$57.5M	0.27%	95
2016 Q3	$52.9M	Buy	2,000,000 +800,000	+67%	+$21.1M	0.15%	187
2016 Q2	$33.3M	Hold	1,200,000	–	–	0.09%	264
2016 Q1	$24M	Buy	1,200,000 +800,000	+200%	+$16M	0.07%	325
2015 Q4	$5.49M	Sell	400,000 -400,000	-50%	-$5.49M	0.01%	594
2015 Q3	$11M	Buy	+800,000	New	+$11M	0.03%	508