VanEck Gold Miners ETF
516 hedge funds and large institutions have $5.17B invested in VanEck Gold Miners ETF in 2020 Q1 according to their latest regulatory filings, with 91 funds opening new positions, 157 increasing their positions, 172 reducing their positions, and 101 closing their positions.
42% more funds holding in top 10
Funds holding in top 10: 31 → 44 (+13)
14% more call options, than puts
Call options by funds: $2.17B | Put options by funds: $1.91B
9% less repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 172
10% less first-time investments, than exits
New positions opened: 91 | Existing positions closed: 101
3% less funds holding
Funds holding: 534 → 516 (-18)
4.8% less ownership
Funds ownership: 74.67% → 69.87% (-4.8%)
33% less capital invested
Capital invested by funds: $7.75B → $5.17B (-$2.58B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YRHAM
Yong Rong (HK) Asset Management
Sheung Wan,
Hong Kong
|
+$630M |
| 2 |
Jane Street
New York
|
+$400M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$268M |
| 4 |
JP Morgan Chase
New York
|
+$264M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$78.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$495M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$403M |
| 3 |
Rafferty Asset Management
New York
|
-$340M |
| 4 |
Citigroup
New York
|
-$339M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
-$281M |
GDX Hedge Fund Activity: Q1 2020 in Review
516 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q1 2020, worth a combined $5.17B — down 33% from $7.75B a quarter earlier.
Sellers outnumbered buyers: 101 funds closed out of GDX and 91 opened new positions — a net loss of 10 holders — while 172 trimmed existing stakes and 157 added.
The largest buyer was Yong Rong (HK) Asset Management, opening a new position worth an estimated $630M. The largest seller was Canada Pension Plan Investment Board, exiting entirely with an estimated $495M sold.
- 516 institutional investors held VanEck Gold Miners ETF (GDX) as of Q1 2020, down from 534 in Q4 2019.
- Funds reported $5.17B of VanEck Gold Miners ETF stock for Q1 2020, down 33% quarter-over-quarter.
- 91 funds opened new VanEck Gold Miners ETF positions in Q1 2020 and 101 closed out, a net change of -10 holders.
- The largest VanEck Gold Miners ETF buyer in Q1 2020 was Yong Rong (HK) Asset Management, an estimated $630M added.
- The largest VanEck Gold Miners ETF seller in Q1 2020 was Canada Pension Plan Investment Board, an estimated $495M sold.
Based on aggregated 13F filings for Q1 2020.