VanEck Gold Miners ETF
703 hedge funds and large institutions have $8.3B invested in VanEck Gold Miners ETF in 2020 Q4 according to their latest regulatory filings, with 136 funds opening new positions, 255 increasing their positions, 216 reducing their positions, and 92 closing their positions.
48% more first-time investments, than exits
New positions opened: 136 | Existing positions closed: 92
18% more repeat investments, than reductions
Existing positions increased: 255 | Existing positions reduced: 216
5% more funds holding
Funds holding: 668 → 703 (+35)
3% less call options, than puts
Call options by funds: $3.54B | Put options by funds: $3.64B
1.03% less ownership
Funds ownership: 51.36% → 50.33% (-1%)
4% less funds holding in top 10
Funds holding in top 10: 51 → 49 (-2)
6% less capital invested
Capital invested by funds: $8.83B → $8.3B (-$532M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$341M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$225M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$224M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$134M |
| 5 |
SG Americas Securities
New York
|
+$131M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$623M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$551M |
| 3 |
H
Hexavest
Montreal,
Quebec, Canada
|
-$93.7M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$86.9M |
| 5 |
DFO
Duquesne Family Office
New York
|
-$70.8M |
GDX Hedge Fund Activity: Q4 2020 in Review
703 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q4 2020, worth a combined $8.3B — down 6% from $8.83B a quarter earlier.
Buyers outnumbered sellers: 136 funds opened new GDX positions and 92 closed out — a net gain of 44 holders — while 255 added to existing stakes and 216 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $341M. The largest seller was Bank of America, cutting an estimated $623M.
- 703 institutional investors held VanEck Gold Miners ETF (GDX) as of Q4 2020, up from 668 in Q3 2020.
- Funds reported $8.3B of VanEck Gold Miners ETF stock for Q4 2020, down 6% quarter-over-quarter.
- 136 funds opened new VanEck Gold Miners ETF positions in Q4 2020 and 92 closed out, a net change of +44 holders.
- The largest VanEck Gold Miners ETF buyer in Q4 2020 was JP Morgan Chase, an estimated $341M added.
- The largest VanEck Gold Miners ETF seller in Q4 2020 was Bank of America, an estimated $623M sold.
Based on aggregated 13F filings for Q4 2020.