National Bank of Canada’s VanEck Gold Miners ETF GDX Stock Holding History

National Bank of Canada’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
2026 Q1	$174M	Buy	+18,945	New	+$1.87M	0.16%	115
2025 Q4	–	Sell	-34,982	Closed	-$267M	–	2974
2025 Q3	$267M	Sell	34,982 -8,756	-20%	-$527K	0.27%	77
2025 Q2	$228M	Buy	43,738 +3,638	+9%	+$181K	0.22%	93
2025 Q1	$184M	Buy	40,100 +6,200	+18%	+$251K	0.19%	109
2024 Q4	$115M	Buy	33,900 +2,900	+9%	+$111K	0.12%	162
2024 Q3	$123M	Buy	+31,000	New	+$1.17M	0.14%	140
2024 Q2	–	Sell	-5,500	Closed	-$19.4M	–	2749
2024 Q1	$19.4M	Sell	5,500 -500	-8%	-$14.2K	0.03%	422
2023 Q4	$18.3M	Sell	6,000 -23,000	-79%	-$673K	0.03%	425
2023 Q3	$75.4M	Buy	29,000 +16,592	+134%	+$489K	0.11%	164
2023 Q2	$38.1M	Sell	12,408 -19,592	-61%	-$638K	0.07%	225
2023 Q1	$104M	Buy	32,000 +29,000	+967%	+$877K	0.25%	82
2022 Q4	$8.6M	Buy	+3,000	New	+$80.2K	0.02%	464
2022 Q3	–	Sell	-11	Closed	-$30K	–	2755
2022 Q2	$30K	Buy	+11	New	+$371	﹤0.01%	1933

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 $445B AUM 25.58% 1-Year Est. Return

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

National Bank of Canada's GDX Position: Q1 2026 in Review

National Bank of Canada increased its VanEck Gold Miners ETF (GDX) stake by 309% in Q1 2026, buying an estimated $197M and bringing the position to 2,643,749 shares worth $243M. The position accounts for 0.22% of the portfolio, ranked #83.

National Bank of Canada first reported a position in GDX in Q4 2021 and has held it in 18 quarters since. 1,179 funds tracked by Wall St. Rank hold GDX as of Q1 2026.

National Bank of Canada held 2,643,749 shares of VanEck Gold Miners ETF worth $243M as of Q1 2026.
National Bank of Canada bought 1,996,947 VanEck Gold Miners ETF shares in Q1 2026, an estimated $197M.
VanEck Gold Miners ETF made up 0.22% of National Bank of Canada's portfolio in Q1 2026, its #83 holding.
National Bank of Canada first reported a position in VanEck Gold Miners ETF in Q4 2021 and has held it in 18 quarters since.
1,179 funds tracked by Wall St. Rank held VanEck Gold Miners ETF as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.