Meru Capital Group’s VanEck Gold Miners ETF GDX Stock Holding History

Meru Capital Group’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
2015 Q3	–	Sell	-700,000	Closed	-$12.4M	–	37
2015 Q2	$12.4M	Buy	700,000 +210,000	+43%	+$4.08M	2.68%	19
2015 Q1	$8.94M	Buy	+490,000	New	+$10M	2.04%	19
2013 Q4	–	Sell	-130,200	Closed	-$3.26M	–	64
2013 Q3	$3.26M	Sell	130,200 -43,232	-25%	-$1.15M	0.81%	32
2013 Q2	$4.25M	Buy	+173,432	New	+$5.07M	0.8%	34

Other funds holding GDX

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

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

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

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

UIM

USS Investment Management London, United Kingdom $25.6B AUM 30.22% 1-Year Est. Return

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

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

HSBC Holdings London, United Kingdom $192B AUM 27.2% 1-Year Est. Return

HBK Investments Dallas, Texas $9.85B AUM 55.6% 1-Year Est. Return

SPC

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

Meru Capital Group's GDX Position: Q3 2015 in Review

Meru Capital Group sold out of VanEck Gold Miners ETF (GDX) in Q3 2015, closing a stake of 700,000 shares — an estimated $12.4M sold.

Meru Capital Group first reported a position in GDX in Q2 2013 and held it in 4 quarters. The position peaked at $12.4M in Q2 2015. 302 funds tracked by Wall St. Rank hold GDX as of Q3 2015.

Meru Capital Group reported no remaining VanEck Gold Miners ETF position as of Q3 2015 after selling out during the quarter.
Meru Capital Group sold 700,000 VanEck Gold Miners ETF shares in Q3 2015, an estimated $12.4M.
Meru Capital Group first reported a position in VanEck Gold Miners ETF in Q2 2013 and held it in 4 quarters.
Meru Capital Group's VanEck Gold Miners ETF position peaked at $12.4M in Q2 2015.
302 funds tracked by Wall St. Rank held VanEck Gold Miners ETF as of Q3 2015.

Based on Meru Capital Group's 13F filing for Q3 2015, filed 16 Nov 2015.