Ivory Investment Management’s VanEck Gold Miners ETF GDX Stock Holding History

Ivory Investment 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
2014 Q4	–	Sell	-183,767	Closed	-$3.92M	–	74
2014 Q3	$3.92M	Buy	183,767 +8,170	+5%	+$209K	0.13%	81
2014 Q2	$4.64M	Buy	175,597 +13,300	+8%	+$319K	0.13%	78
2014 Q1	$3.83M	Buy	162,297 +70,751	+77%	+$1.74M	0.16%	94
2013 Q4	$1.93M	Buy	91,546 +82,931	+963%	+$1.92M	0.1%	119
2013 Q3	$216K	Buy	+8,615	New	+$229K	0.01%	164

Other funds holding GDX

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $344B AUM 42.99% 1-Year Est. Return

Citigroup New York $303B AUM 53.02% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $1.28T AUM 58.89% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

UIM

USS Investment Management London, United Kingdom $27.8B AUM 39.41% 1-Year Est. Return

Greenlight Capital New York $2.05B AUM 78.75% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

MAM

Marketfield Asset Management New York $127M AUM 30.51% 1-Year Est. Return

Barclays London, United Kingdom $521B AUM 51.41% 1-Year Est. Return

Ivory Investment Management's GDX Position: Q4 2014 in Review

Ivory Investment Management sold out of VanEck Gold Miners ETF (GDX) in Q4 2014, closing a stake of 183,767 shares — an estimated $3.92M sold.

Ivory Investment Management first reported a position in GDX in Q3 2013 and held it in 5 quarters. The position peaked at $4.64M in Q2 2014. 313 funds tracked by Wall St. Rank hold GDX as of Q4 2014.

Ivory Investment Management reported no remaining VanEck Gold Miners ETF position as of Q4 2014 after selling out during the quarter.
Ivory Investment Management sold 183,767 VanEck Gold Miners ETF shares in Q4 2014, an estimated $3.92M.
Ivory Investment Management first reported a position in VanEck Gold Miners ETF in Q3 2013 and held it in 5 quarters.
Ivory Investment Management's VanEck Gold Miners ETF position peaked at $4.64M in Q2 2014.
313 funds tracked by Wall St. Rank held VanEck Gold Miners ETF as of Q4 2014.

Based on Ivory Investment Management's 13F filing for Q4 2014, filed 13 Feb 2015.