VanEck Gold Miners ETF
374 hedge funds and large institutions have $4.89B invested in VanEck Gold Miners ETF in 2017 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 110 increasing their positions, 127 reducing their positions, and 50 closing their positions.
8% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 50
1% less funds holding
Funds holding: 379 → 374 (-5)
8.3% less ownership
Funds ownership: 68% → 59.7% (-8.3%)
13% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 127
18% less call options, than puts
Call options by funds: $1.66B | Put options by funds: $2.02B
21% less funds holding in top 10
Funds holding in top 10: 24 → 19 (-5)
38% less capital invested
Capital invested by funds: $7.88B → $4.89B (-$2.99B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$87.2M |
| 2 |
Morgan Stanley
New York
|
+$75.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$74.5M |
| 4 |
Squarepoint
New York
|
+$71.9M |
| 5 |
KSCM
Key Square Capital Management
Stamford,
Connecticut
|
+$53.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rafferty Asset Management
New York
|
-$839M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$479M |
| 3 |
H
Hexavest
Montreal,
Quebec, Canada
|
-$418M |
| 4 |
VanEck Associates
New York
|
-$251M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$243M |
GDX Hedge Fund Activity: Q2 2017 in Review
374 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q2 2017, worth a combined $4.89B — down 38% from $7.88B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of GDX and 46 opened new positions — a net loss of 4 holders — while 127 trimmed existing stakes and 110 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $87.2M. The largest seller was Rafferty Asset Management, cutting an estimated $839M.
- 374 institutional investors held VanEck Gold Miners ETF (GDX) as of Q2 2017, down from 379 in Q1 2017.
- Funds reported $4.89B of VanEck Gold Miners ETF stock for Q2 2017, down 38% quarter-over-quarter.
- 46 funds opened new VanEck Gold Miners ETF positions in Q2 2017 and 50 closed out, a net change of -4 holders.
- The largest VanEck Gold Miners ETF buyer in Q2 2017 was Citadel Advisors, an estimated $87.2M added.
- The largest VanEck Gold Miners ETF seller in Q2 2017 was Rafferty Asset Management, an estimated $839M sold.
Based on aggregated 13F filings for Q2 2017.