Key Square Capital Management’s VanEck Gold Miners ETF GDX Stock Holding History

Key Square 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
2022 Q4	–	Sell	-457,497	Closed	-$11M	–	13
2022 Q3	$11M	Buy	+457,497	New	+$11.6M	19.66%	2
2019 Q1	–	Sell	-1,976,899	Closed	-$41.7M	–	11
2018 Q4	$41.7M	Buy	+1,976,899	New	+$38.8M	15.94%	2
2017 Q3	–	Sell	-2,371,000	Closed	-$52.4M	–	26
2017 Q2	$52.4M	Buy	+2,371,000	New	+$53.9M	7.8%	4

Other funds holding GDX

AWA

Arete Wealth Advisors Chicago, Illinois $1.33B AUM 25.12% 1-Year Est. Return

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

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

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

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

SPC

Slate Path Capital New York $6.73B AUM 95.97% 1-Year Est. Return

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

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

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $62.4B AUM 23.7% 1-Year Est. Return

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

Key Square Capital Management's GDX Position: Q4 2022 in Review

Key Square Capital Management sold out of VanEck Gold Miners ETF (GDX) in Q4 2022, closing a stake of 457,497 shares — an estimated $11M sold.

Key Square Capital Management first reported a position in GDX in Q2 2017 and held it in 3 quarters. The position peaked at $52.4M in Q2 2017. 704 funds tracked by Wall St. Rank hold GDX as of Q4 2022.

Key Square Capital Management reported no remaining VanEck Gold Miners ETF position as of Q4 2022 after selling out during the quarter.
Key Square Capital Management sold 457,497 VanEck Gold Miners ETF shares in Q4 2022, an estimated $11M.
Key Square Capital Management first reported a position in VanEck Gold Miners ETF in Q2 2017 and held it in 3 quarters.
Key Square Capital Management's VanEck Gold Miners ETF position peaked at $52.4M in Q2 2017.
704 funds tracked by Wall St. Rank held VanEck Gold Miners ETF as of Q4 2022.

Based on Key Square Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.