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

USS 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
2015 Q4	–	Sell	-10,006,000	Closed	-$137M	–	156
2015 Q3	$137M	Hold	10,006,000	–	–	2.44%	5
2015 Q2	$178M	Hold	10,006,000	–	–	2.82%	4
2015 Q1	$183M	Hold	10,006,000	–	–	2.98%	2
2014 Q4	$184M	Hold	10,006,000	–	–	3.02%	2
2014 Q3	$214M	Hold	10,006,000	–	–	3.75%	1
2014 Q2	$265M	Hold	10,006,000	–	–	4.55%	1
2014 Q1	$236M	Buy	10,006,000 +1,642,000	+20%	+$40.3M	4.27%	1
2013 Q4	$183M	Hold	8,364,000	–	–	3.51%	1
2013 Q3	$209M	Buy	8,364,000 +3,564,000	+74%	+$94.8M	3.92%	1
2013 Q2	$118M	Buy	+4,800,000	New	+$140M	2.51%	4

Other funds holding GDX

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

BNP Paribas Financial Markets Paris, France $206B AUM 31.61% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

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

Hexavest Montreal, Quebec, Canada $1.64B AUM 28.34% 1-Year Est. Return

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

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

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

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

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

USS Investment Management's GDX Position: Q4 2015 in Review

USS Investment Management sold out of VanEck Gold Miners ETF (GDX) in Q4 2015, closing a stake of 10,006,000 shares — an estimated $137M sold.

USS Investment Management first reported a position in GDX in Q2 2013 and held it in 10 quarters. The position peaked at $265M in Q2 2014. 300 funds tracked by Wall St. Rank hold GDX as of Q4 2015.

USS Investment Management reported no remaining VanEck Gold Miners ETF position as of Q4 2015 after selling out during the quarter.
USS Investment Management sold 10,006,000 VanEck Gold Miners ETF shares in Q4 2015, an estimated $137M.
USS Investment Management first reported a position in VanEck Gold Miners ETF in Q2 2013 and held it in 10 quarters.
USS Investment Management's VanEck Gold Miners ETF position peaked at $265M in Q2 2014.
300 funds tracked by Wall St. Rank held VanEck Gold Miners ETF as of Q4 2015.

Based on USS Investment Management's 13F filing for Q4 2015, filed 15 Jan 2016.