Graham Capital Management’s VanEck Gold Miners ETF GDX Stock Holding History
Bought
Maintained
Sold
| Quarter | Market Value | Status | Shares |
Change in Stake | Trade Value | Portfolio Weight | Portfolio Position | |
|---|---|---|---|---|---|---|---|---|
|
2026
Q1 | $10.1M | Buy |
110,000
+85,000
| +340% | +$8.37M | 0.24% | 74 |
|
|
2025
Q4 | $2.14M | Sell |
25,000
-787,500
| -97% | -$62.2M | 0.05% | 238 |
|
|
2025
Q3 | $62.1M | Buy |
812,500
+712,500
| +713% | +$42.9M | 0.98% | 15 |
|
|
2025
Q2 | $5.21M | Buy |
+100,000
| New | +$4.96M | 0.08% | 140 |
|
|
2024
Q4 | – | Sell |
-554,036
| Closed | -$21.3M | – | 1321 |
|
|
2024
Q3 | $22.1M | Buy |
+554,036
| New | +$21M | 0.38% | 35 |
|
|
2023
Q1 | – | Sell |
-335,000
| Closed | -$9.6M | – | 1151 |
|
|
2022
Q4 | $9.6M | Buy |
+335,000
| New | +$8.95M | 0.29% | 37 |
|
|
2021
Q4 | – | Sell |
-73,800
| Closed | -$2.17M | – | 532 |
|
|
2021
Q3 | $2.17M | Sell |
73,800
-176,200
| -70% | -$5.74M | 0.11% | 76 |
|
|
2021
Q2 | $8.49M | Buy |
250,000
+50,000
| +25% | +$1.83M | 0.44% | 45 |
|
|
2021
Q1 | $6.5M | Buy |
200,000
+20,000
| +11% | +$681K | 0.29% | 80 |
|
|
2020
Q4 | $6.48M | Buy |
+180,000
| New | +$6.72M | 0.24% | 71 |
|
|
2020
Q3 | – | Sell |
-324,852
| Closed | -$11.9M | – | 93 |
|
|
2020
Q2 | $11.9M | Buy |
324,852
+83,000
| +34% | +$2.73M | 0.57% | 34 |
|
|
2020
Q1 | $5.57M | Buy |
+241,852
| New | +$6.62M | 0.39% | 34 |
|
|
2019
Q2 | – | Sell |
-25,000
| Closed | -$560K | – | 93 |
|
|
2019
Q1 | $560K | Buy |
+25,000
| New | +$550K | 0.03% | 70 |
|
|
2018
Q4 | – | Sell |
-115,000
| Closed | -$2.13M | – | 88 |
|
|
2018
Q3 | $2.13M | Sell |
115,000
-315,000
| -73% | -$6.29M | 0.04% | 100 |
|
|
2018
Q2 | $9.59M | Sell |
430,000
-320,000
| -43% | -$7.17M | 0.36% | 37 |
|
|
2018
Q1 | $16.5M | Sell |
750,000
-73,661
| -9% | -$1.66M | 0.88% | 26 |
|
|
2017
Q4 | $19.1M | Sell |
823,661
-717,597
| -47% | -$16.3M | 0.5% | 21 |
|
|
2017
Q3 | $35.4M | Buy |
1,541,258
+891,258
| +137% | +$20.6M | 0.74% | 20 |
|
|
2017
Q2 | $14.4M | Buy |
650,000
+550,000
| +550% | +$12.5M | 0.38% | 23 |
|
|
2017
Q1 | $2.28M | Buy |
+100,000
| New | +$2.33M | 0.09% | 69 |
|
|
2016
Q4 | – | Sell |
-2,600,000
| Closed | -$68.7M | – | 95 |
|
|
2016
Q3 | $68.7M | Buy |
2,600,000
+2,107,900
| +428% | +$60.5M | 2.21% | 3 |
|
|
2016
Q2 | $13.6M | Buy |
492,100
+248,000
| +102% | +$5.95M | 0.7% | 32 |
|
|
2016
Q1 | $4.88M | Buy |
+244,100
| New | +$4.2M | 0.52% | 56 |
|
|
2015
Q3 | – | Sell |
-12,800
| Closed | -$185K | – | 117 |
|
|
2015
Q2 | $227K | Sell |
12,800
-89,990
| -88% | -$1.75M | 0.01% | 117 |
|
|
2015
Q1 | $1.88M | Buy |
+102,790
| New | +$2.1M | 0.09% | 90 |
|
|
2014
Q3 | – | Sell |
-169,361
| Closed | -$4.48M | – | 151 |
|
|
2014
Q2 | $4.48M | Sell |
169,361
-56,831
| -25% | -$1.36M | 0.13% | 95 |
|
|
2014
Q1 | $5.34M | Buy |
226,192
+39,410
| +21% | +$968K | 0.29% | 66 |
|
|
2013
Q4 | $3.94M | Buy |
+186,782
| New | +$4.31M | 0.21% | 65 |
|
|
2013
Q3 | – | Sell |
-1,518,675
| Closed | -$37.1M | – | 113 |
|
|
2013
Q2 | $37.1M | Buy |
+1,518,675
| New | +$44.4M | 2.44% | 11 |
|
Other funds holding GDX
Graham Capital Management's GDX Position: Q1 2026 in Review
Graham Capital Management increased its VanEck Gold Miners ETF (GDX) stake by 340% in Q1 2026, buying an estimated $8.37M and bringing the position to 110,000 shares worth $10.1M. The position accounts for 0.24% of the portfolio, ranked #74.
Graham Capital Management first reported a position in GDX in Q2 2013 and has held it in 29 quarters since. The position peaked at $68.7M in Q3 2016. 1,175 funds tracked by Wall St. Rank hold GDX as of Q1 2026.
- Graham Capital Management held 110,000 shares of VanEck Gold Miners ETF worth $10.1M as of Q1 2026.
- Graham Capital Management bought 85,000 VanEck Gold Miners ETF shares in Q1 2026, an estimated $8.37M.
- VanEck Gold Miners ETF made up 0.24% of Graham Capital Management's portfolio in Q1 2026, its #74 holding.
- Graham Capital Management first reported a position in VanEck Gold Miners ETF in Q2 2013 and has held it in 29 quarters since.
- Graham Capital Management's VanEck Gold Miners ETF position peaked at $68.7M in Q3 2016.
- 1,175 funds tracked by Wall St. Rank held VanEck Gold Miners ETF as of Q1 2026.
Based on Graham Capital Management's 13F filing for Q1 2026, filed 15 May 2026.