Brevan Howard Capital Management’s VanEck Gold Miners ETF GDX Stock Holding History

Brevan Howard Capital Management’s Portfolio GDX Stock Details GDX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-2,400,000	Closed	-$183M	–	1978
2025 Q3	$183M	Buy	+2,400,000	New	+$145M	0.82%	21
2025 Q1	–	Sell	-5,760,000	Closed	-$195M	–	1267
2024 Q4	$195M	Buy	+5,760,000	New	+$221M	1.26%	10
2023 Q4	–	Sell	-1,500,000	Closed	-$40.4M	–	1041
2023 Q3	$40.4M	Buy	+1,500,000	New	+$44.2M	0.52%	14
2023 Q2	–	Sell	-454,500	Closed	-$14.7M	–	199
2023 Q1	$14.7M	Buy	+454,500	New	+$13.7M	0.39%	25
2022 Q3	–	Sell	-1,946,200	Closed	-$53.3M	–	83
2022 Q2	$53.3M	Hold	1,946,200	–	–	2.19%	10
2022 Q1	$74.6M	Buy	+1,946,200	New	+$66.1M	3.98%	6
2021 Q2	–	Sell	-4,100	Closed	-$13.3M	–	49
2021 Q1	$13.3M	Sell	4,100 -1,415,900	-100%	-$48.2M	1.96%	18
2020 Q4	$51.1M	Buy	+1,420,000	New	+$53M	10.26%	3

Other funds holding GDX

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Rafferty Asset Management New York $24.6B AUM 47.06% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

Brevan Howard Capital Management's GDX Position: Q1 2026 in Review

Brevan Howard Capital Management increased its VanEck Gold Miners ETF (GDX) stake by 83% in Q1 2026, buying an estimated $22.2M and bringing the position to 496,884 shares worth $45.6M. The position accounts for 0.4% of the portfolio, ranked #34.

Brevan Howard Capital Management first reported a position in GDX in Q3 2016 and has held it in 15 quarters since. 1,175 funds tracked by Wall St. Rank hold GDX as of Q1 2026.

Brevan Howard Capital Management held 496,884 shares of VanEck Gold Miners ETF worth $45.6M as of Q1 2026.
Brevan Howard Capital Management bought 224,831 VanEck Gold Miners ETF shares in Q1 2026, an estimated $22.2M.
VanEck Gold Miners ETF made up 0.4% of Brevan Howard Capital Management's portfolio in Q1 2026, its #34 holding.
Brevan Howard Capital Management first reported a position in VanEck Gold Miners ETF in Q3 2016 and has held it in 15 quarters since.
1,175 funds tracked by Wall St. Rank held VanEck Gold Miners ETF as of Q1 2026.

Based on Brevan Howard Capital Management's 13F filing for Q1 2026, filed 15 May 2026.