VanEck Gold Miners ETF
GDX
732 hedge funds and large institutions have $5.74B invested in VanEck Gold Miners ETF in 2023 Q2 according to their latest regulatory filings, with 85 funds opening new positions, 204 increasing their positions, 254 reducing their positions, and 76 closing their positions.
30% more call options, than puts
Call options by funds: $5.14B | Put options by funds: $3.96B
12% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 76
1% more funds holding
Funds holding: 726 → 732 (+6)
3.87% less ownership
Funds ownership: 48.83% → 44.95% (-3.9%)
12% less funds holding in top 10
Funds holding in top 10: 42 → 37 (-5)
14% less capital invested
Capital invested by funds: $6.69B → $5.74B (-$949M)
20% less repeat investments, than reductions
Existing positions increased: 204 | Existing positions reduced: 254
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$192M |
| 2 |
AG
Arctis Global
San Juan,
Puerto Rico
|
+$92.1M |
| 3 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$58M |
| 4 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
+$33.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$33.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$181M |
| 2 |
JP Morgan Chase
New York
|
-$135M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
-$126M |
| 4 |
Citigroup
New York
|
-$99.8M |
| 5 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$85.8M |
GDX Hedge Fund Activity: Q2 2023 in Review
732 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q2 2023, worth a combined $5.74B — down 14% from $6.69B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new GDX positions and 76 closed out — a net gain of 9 holders — while 204 added to existing stakes and 254 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $192M. The largest seller was Fidelity Investments, cutting an estimated $181M.
- 732 institutional investors held VanEck Gold Miners ETF (GDX) as of Q2 2023, up from 726 in Q1 2023.
- Funds reported $5.74B of VanEck Gold Miners ETF stock for Q2 2023, down 14% quarter-over-quarter.
- 85 funds opened new VanEck Gold Miners ETF positions in Q2 2023 and 76 closed out, a net change of +9 holders.
- The largest VanEck Gold Miners ETF buyer in Q2 2023 was Susquehanna International Group, an estimated $192M added.
- The largest VanEck Gold Miners ETF seller in Q2 2023 was Fidelity Investments, an estimated $181M sold.
Based on aggregated 13F filings for Q2 2023.