VanEck Gold Miners ETF
323 hedge funds and large institutions have $4.38B invested in VanEck Gold Miners ETF in 2013 Q3 according to their latest regulatory filings, with 66 funds opening new positions, 98 increasing their positions, 108 reducing their positions, and 41 closing their positions.
61% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 41
11% more capital invested
Capital invested by funds: $3.95B → $4.38B (+$430M)
7% more funds holding
Funds holding: 302 → 323 (+21)
9% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 108
10% less funds holding in top 10
Funds holding in top 10: 21 → 19 (-2)
10.27% less ownership
Funds ownership: 70.03% → 59.76% (-10%)
24% less call options, than puts
Call options by funds: $1.05B | Put options by funds: $1.38B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$237M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$208M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$123M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$108M |
| 5 |
UIM
USS Investment Management
London,
United Kingdom
|
+$94.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$519M |
| 2 |
Jane Street
New York
|
-$76.8M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$43.8M |
| 4 |
GCM
Graham Capital Management
Rowayton,
Connecticut
|
-$37.1M |
| 5 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
-$31M |
GDX Hedge Fund Activity: Q3 2013 in Review
323 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q3 2013, worth a combined $4.38B — up 11% from $3.95B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new GDX positions and 41 closed out — a net gain of 25 holders — while 98 added to existing stakes and 108 trimmed.
The largest buyer was Credit Suisse, adding an estimated $237M. The largest seller was Wellington Management Group, cutting an estimated $519M.
- 323 institutional investors held VanEck Gold Miners ETF (GDX) as of Q3 2013, up from 302 in Q2 2013.
- Funds reported $4.38B of VanEck Gold Miners ETF stock for Q3 2013, up 11% quarter-over-quarter.
- 66 funds opened new VanEck Gold Miners ETF positions in Q3 2013 and 41 closed out, a net change of +25 holders.
- The largest VanEck Gold Miners ETF buyer in Q3 2013 was Credit Suisse, an estimated $237M added.
- The largest VanEck Gold Miners ETF seller in Q3 2013 was Wellington Management Group, an estimated $519M sold.
Based on aggregated 13F filings for Q3 2013.