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VanEck Gold Miners ETF
GDX

486 hedge funds and large institutions have $7.14B invested in VanEck Gold Miners ETF in 2019 Q3 according to their latest regulatory filings, with 96 funds opening new positions, 165 increasing their positions, 139 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 96 | Existing positions closed: 52

26% more call options, than puts

Call options by funds: $3.58B | Put options by funds: $2.85B

19% more repeat investments, than reductions

Existing positions increased: 165 | Existing positions reduced: 139

9% more funds holding

Funds holding: 446 → 486 (+40)

4.74% more ownership

Funds ownership: 70.44% → 75.18% (+4.7%)

3% more funds holding in top 10

Funds holding in top 10: 33 → 34 (+1)

3% more capital invested

Capital invested by funds: $6.94B → $7.14B (+$196M)

Holders
486
Holders Change
+40
Holders Change %
+8.97%
% of All Funds
10.66%
Holding in Top 10
34
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+3.03%
% of All Funds
0.75%
New
96
Increased
165
Reduced
139
Closed
52
Calls
$3.58B
Puts
$2.85B
Net Calls
+$729M
Net Calls Change
+$142M

Top Buyers

Rank Fund Capital Flow
1
Rafferty Asset Management
Rafferty Asset Management
New York
+$518M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$177M
3
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
+$154M
4
Millennium Management
Millennium Management
New York
+$109M
5
CS
Credit Suisse
Switzerland
+$105M

Top Sellers

Rank Fund Capital Flow
1
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$300M
2
UBS Group
UBS Group
Switzerland
-$286M
3
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$210M
4
JP Morgan Chase
JP Morgan Chase
New York
-$115M
5
USAA
United Services Automobile Association
Texas
-$74.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
EIM
501
Elephas Investment Management
Hong Kong
– -$7.03M -275,000 Closed
CA
502
Claar Advisors
New York
– -$6.39M -250,000 Closed
FSA
503
Financial Services Advisory
Maryland
– -$5.54M -216,887 Closed
RWA
504
Redhawk Wealth Advisors
Minnesota
– -$4.26M -166,652 Closed
ECM
505
ExodusPoint Capital Management
New York
– -$3.44M -134,400 Closed
CIC
506
Canal Insurance Company
South Carolina
– -$2.56M -100,000 Closed
CI
507
Cavalier Investments
Georgia
– -$2.08M -81,201 Closed
SFG
508
StrategIQ Financial Group
Indiana
– -$1.82M -71,285 Closed
PI
509
Parkside Investments
Illinois
– -$1.02M -40,000 Closed
CAM
510
Concorde Asset Management
Michigan
– -$923K -36,166 Closed
SWM
511
SeaCrest Wealth Management
New York
– -$866K -33,889 Closed
SI
512
SCP Investment
California
– -$511K -20,000 Closed
CA
513
Cornerstone Advisory
Maryland
– -$383K -15,000 Closed
TC
514
TownSquare Capital
Utah
– -$303K -10,902 Closed
NFC
515
Northeast Financial Consultants
Connecticut
– -$279K -10,900 Closed
WAM
516
Wealthspire Advisors (Maryland)
Maryland
– -$244K -9,549 Closed
KAM
517
Kazazian Asset Management
Florida
– -$243K -9,517 Closed
AWM
518
AE Wealth Management
Kansas
– -$239K -9,337 Closed
V
519
Veritable
Delaware
– -$238K -9,295 Closed
AIM
520
Axiom Investment Management
New York
– -$207K -8,100 Closed
CCFM
521
Clear Creek Financial Management
Washington
– -$202K -7,905 Closed
HI
522
Hudock Inc
Pennsylvania
– -$200K -7,860 Closed
TFA
523
Transamerica Financial Advisors
Florida
– -$144K -5,615 Closed
LA
524
Legacy Advisors
Pennsylvania
– -$123K -4,808 Closed
GTAM
525
Global Trust Asset Management
Florida
– -$107K -4,200 Closed
18 19 20
21
22

GDX Hedge Fund Activity: Q3 2019 in Review

486 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q3 2019, worth a combined $7.14B — up 2.8% from $6.94B a quarter earlier.

Buyers outnumbered sellers: 96 funds opened new GDX positions and 52 closed out — a net gain of 44 holders — while 165 added to existing stakes and 139 trimmed.

The largest buyer was Rafferty Asset Management, adding an estimated $518M. The largest seller was Toronto Dominion Bank, cutting an estimated $300M.

  • 486 institutional investors held VanEck Gold Miners ETF (GDX) as of Q3 2019, up from 446 in Q2 2019.
  • Funds reported $7.14B of VanEck Gold Miners ETF stock for Q3 2019, up 2.8% quarter-over-quarter.
  • 96 funds opened new VanEck Gold Miners ETF positions in Q3 2019 and 52 closed out, a net change of +44 holders.
  • The largest VanEck Gold Miners ETF buyer in Q3 2019 was Rafferty Asset Management, an estimated $518M added.
  • The largest VanEck Gold Miners ETF seller in Q3 2019 was Toronto Dominion Bank, an estimated $300M sold.

Based on aggregated 13F filings for Q3 2019.