VanEck Gold Miners ETF
GDX
667 hedge funds and large institutions have $6.66B invested in VanEck Gold Miners ETF in 2021 Q1 according to their latest regulatory filings, with 84 funds opening new positions, 236 increasing their positions, 216 reducing their positions, and 115 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 236 | Existing positions reduced: 216
6% less call options, than puts
Call options by funds: $2.04B | Put options by funds: $2.17B
1.41% less ownership
Funds ownership: 50.33% → 48.92% (-1.4%)
5% less funds holding
Funds holding: 703 → 667 (-36)
20% less capital invested
Capital invested by funds: $8.3B → $6.66B (-$1.64B)
20% less funds holding in top 10
Funds holding in top 10: 49 → 39 (-10)
27% less first-time investments, than exits
New positions opened: 84 | Existing positions closed: 115
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$260M |
| 2 |
Citigroup
New York
|
+$113M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$85M |
| 4 |
AAS
Annex Advisory Services
Brookfield,
Wisconsin
|
+$46.8M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
+$44.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$344M |
| 2 |
JP Morgan Chase
New York
|
-$267M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$216M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
-$108M |
| 5 |
Rafferty Asset Management
New York
|
-$94.1M |
GDX Hedge Fund Activity: Q1 2021 in Review
667 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q1 2021, worth a combined $6.66B — down 20% from $8.3B a quarter earlier.
Sellers outnumbered buyers: 115 funds closed out of GDX and 84 opened new positions — a net loss of 31 holders — while 216 trimmed existing stakes and 236 added.
The largest buyer was Bank of America, adding an estimated $260M. The largest seller was Susquehanna International Group, cutting an estimated $344M.
- 667 institutional investors held VanEck Gold Miners ETF (GDX) as of Q1 2021, down from 703 in Q4 2020.
- Funds reported $6.66B of VanEck Gold Miners ETF stock for Q1 2021, down 20% quarter-over-quarter.
- 84 funds opened new VanEck Gold Miners ETF positions in Q1 2021 and 115 closed out, a net change of -31 holders.
- The largest VanEck Gold Miners ETF buyer in Q1 2021 was Bank of America, an estimated $260M added.
- The largest VanEck Gold Miners ETF seller in Q1 2021 was Susquehanna International Group, an estimated $344M sold.
Based on aggregated 13F filings for Q1 2021.