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VanEck Gold Miners ETF
GDX

312 hedge funds and large institutions have $4.49B invested in VanEck Gold Miners ETF in 2014 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 92 increasing their positions, 107 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

8.44% more ownership

Funds ownership: 60.06% → 68.51% (+8.4%)

6% more funds holding in top 10

Funds holding in top 10: 16 → 17 (+1)

9% more call options, than puts

Call options by funds: $1.05B | Put options by funds: $959M

8% less capital invested

Capital invested by funds: $4.89B → $4.49B (-$394M)

8% less funds holding

Funds holding: 340 → 312 (-28)

14% less repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 107

36% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 66

Holders
312
Holders Change
-28
Holders Change %
-8.24%
% of All Funds
9.05%
Holding in Top 10
17
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+6.25%
% of All Funds
0.49%
New
42
Increased
92
Reduced
107
Closed
66
Calls
$1.05B
Puts
$959M
Net Calls
+$88.3M
Net Calls Change
+$148M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$213M
2
Rafferty Asset Management
Rafferty Asset Management
New York
+$180M
3
Deutsche Bank
Deutsche Bank
Germany
+$170M
4
CS
Credit Suisse
Switzerland
+$134M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$116M

Top Sellers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$117M
2
BA
BlackRock Advisors
Delaware
-$117M
3
HSBC Holdings
HSBC Holdings
United Kingdom
-$75.6M
4
DFO
Duquesne Family Office
New York
-$60M
5
GC
Greenlight Capital
New York
-$59.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
FFC
301
First Financial Corp
Indiana
$3K – – –
FI
302
FCM Investments
Texas
$2K – – –
SFSIG
303
San Francisco Sentry Investment Group
California
$2K – – –
SGC
304
South Georgia Capital
Illinois
$2K – – –
W
305
Wealthfront
California
$2K +$2.3K +90 New
MFBTD
306
MB Financial Bank - Trust Department
Illinois
$2K +$2.56K +100 New
TFCP
307
Twin Focus Capital Partners
Massachusetts
$2K +$2.94K +115 New
TCM
308
Tradewinds Capital Management
Washington
$1K -$2.56K -100 -79%
1IC
309
1919 Investment Counsel
Maryland
$1K – – –
DAM
310
Delta Asset Management
Tennessee
$1K – – –
MI
311
Markston International
New York
$1K – – –
PI
312
Panthera Investment
Germany
$1K +$51 +2 New
WF
313
WealthTrust Fairport
Ohio
$1K +$1.28K +50 +5,000%
BA
314
BlackRock Advisors
Delaware
– -$117M -4,404,723 Closed
BIT
315
BlackRock Institutional Trust
California
– -$35.6M -1,347,408 Closed
Mackenzie Financial
316
Mackenzie Financial
Ontario, Canada
– -$21.8M -852,000 Closed
ICM
317
Ionic Capital Management
New York
– -$20M -755,209 Closed
FTUS
318
Flow Traders U.S.
New York
– -$16.9M -638,311 Closed
BIM
319
BlackRock Investment Management
Delaware
– -$10.3M -388,233 Closed
BC
320
Brinker Capital
Pennsylvania
– -$9.35M -353,638 Closed
Point72 Asset Management
321
Point72 Asset Management
Connecticut
– -$9.26M -350,000 Closed
AII
322
AGF Investments Inc
Ontario, Canada
– -$7.42M -280,547 Closed
ACM
323
Alpha Capital Management
Texas
– -$6.45M -243,654 Closed
AC
324
Argentiere Capital
Switzerland
– -$5.29M -200,000 Closed
GCM
325
Graham Capital Management
Connecticut
– -$4.48M -169,361 Closed
11 12
13
14 15

GDX Hedge Fund Activity: Q3 2014 in Review

312 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q3 2014, worth a combined $4.49B — down 8.1% from $4.89B a quarter earlier.

Sellers outnumbered buyers: 66 funds closed out of GDX and 42 opened new positions — a net loss of 24 holders — while 107 trimmed existing stakes and 92 added.

The largest buyer was Jane Street, opening a new position worth an estimated $213M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $117M.

  • 312 institutional investors held VanEck Gold Miners ETF (GDX) as of Q3 2014, down from 340 in Q2 2014.
  • Funds reported $4.49B of VanEck Gold Miners ETF stock for Q3 2014, down 8.1% quarter-over-quarter.
  • 42 funds opened new VanEck Gold Miners ETF positions in Q3 2014 and 66 closed out, a net change of -24 holders.
  • The largest VanEck Gold Miners ETF buyer in Q3 2014 was Jane Street, an estimated $213M added.
  • The largest VanEck Gold Miners ETF seller in Q3 2014 was BNP Paribas Financial Markets, an estimated $117M sold.

Based on aggregated 13F filings for Q3 2014.