VanEck Gold Miners ETF
340 hedge funds and large institutions have $4.89B invested in VanEck Gold Miners ETF in 2014 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 100 increasing their positions, 118 reducing their positions, and 53 closing their positions.
14% more capital invested
Capital invested by funds: $4.29B → $4.89B (+$600M)
4.91% more ownership
Funds ownership: 55.15% → 60.06% (+4.9%)
5% less call options, than puts
Call options by funds: $1.07B | Put options by funds: $1.13B
3% less funds holding
Funds holding: 349 → 340 (-9)
13% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 53
15% less repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 118
27% less funds holding in top 10
Funds holding in top 10: 22 → 16 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$178M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$135M |
| 3 |
MAM
Marketfield Asset Management
New York
|
+$118M |
| 4 |
DFO
Duquesne Family Office
New York
|
+$93.4M |
| 5 |
Citigroup
New York
|
+$76.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$122M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$116M |
| 3 |
Jane Street
New York
|
-$115M |
| 4 |
Rafferty Asset Management
New York
|
-$109M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$37M |
GDX Hedge Fund Activity: Q2 2014 in Review
340 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q2 2014, worth a combined $4.89B — up 14% from $4.29B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of GDX and 46 opened new positions — a net loss of 7 holders — while 118 trimmed existing stakes and 100 added.
The largest buyer was Credit Suisse, adding an estimated $178M. The largest seller was Deutsche Bank, cutting an estimated $122M.
- 340 institutional investors held VanEck Gold Miners ETF (GDX) as of Q2 2014, down from 349 in Q1 2014.
- Funds reported $4.89B of VanEck Gold Miners ETF stock for Q2 2014, up 14% quarter-over-quarter.
- 46 funds opened new VanEck Gold Miners ETF positions in Q2 2014 and 53 closed out, a net change of -7 holders.
- The largest VanEck Gold Miners ETF buyer in Q2 2014 was Credit Suisse, an estimated $178M added.
- The largest VanEck Gold Miners ETF seller in Q2 2014 was Deutsche Bank, an estimated $122M sold.
Based on aggregated 13F filings for Q2 2014.