VanEck Gold Miners ETF
GDX
832 hedge funds and large institutions have $7.75B invested in VanEck Gold Miners ETF in 2024 Q3 according to their latest regulatory filings, with 120 funds opening new positions, 246 increasing their positions, 269 reducing their positions, and 76 closing their positions.
58% more first-time investments, than exits
New positions opened: 120 | Existing positions closed: 76
20% more capital invested
Capital invested by funds: $6.48B → $7.75B (+$1.27B)
5% more funds holding
Funds holding: 795 → 832 (+37)
0.69% more ownership
Funds ownership: 45.46% → 46.15% (+0.69%)
9% less repeat investments, than reductions
Existing positions increased: 246 | Existing positions reduced: 269
5% less funds holding in top 10
Funds holding in top 10: 38 → 36 (-2)
11% less call options, than puts
Call options by funds: $5.15B | Put options by funds: $5.76B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$253M |
| 2 |
Jane Street
New York
|
+$105M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
+$72.4M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$64.8M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$63.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NM
NWI Management
New York
|
-$159M |
| 2 |
Morgan Stanley
New York
|
-$111M |
| 3 |
SPC
Slate Path Capital
New York
|
-$76.2M |
| 4 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$68.3M |
| 5 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
-$63.3M |
GDX Hedge Fund Activity: Q3 2024 in Review
832 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q3 2024, worth a combined $7.75B — up 20% from $6.48B a quarter earlier.
Buyers outnumbered sellers: 120 funds opened new GDX positions and 76 closed out — a net gain of 44 holders — while 246 added to existing stakes and 269 trimmed.
The largest buyer was Bank of America, adding an estimated $253M. The largest seller was NWI Management, exiting entirely with an estimated $159M sold.
- 832 institutional investors held VanEck Gold Miners ETF (GDX) as of Q3 2024, up from 795 in Q2 2024.
- Funds reported $7.75B of VanEck Gold Miners ETF stock for Q3 2024, up 20% quarter-over-quarter.
- 120 funds opened new VanEck Gold Miners ETF positions in Q3 2024 and 76 closed out, a net change of +44 holders.
- The largest VanEck Gold Miners ETF buyer in Q3 2024 was Bank of America, an estimated $253M added.
- The largest VanEck Gold Miners ETF seller in Q3 2024 was NWI Management, an estimated $159M sold.
Based on aggregated 13F filings for Q3 2024.