VanEck Gold Miners ETF
GDX
668 hedge funds and large institutions have $8.83B invested in VanEck Gold Miners ETF in 2020 Q3 according to their latest regulatory filings, with 117 funds opening new positions, 251 increasing their positions, 195 reducing their positions, and 66 closing their positions.
77% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 66
29% more repeat investments, than reductions
Existing positions increased: 251 | Existing positions reduced: 195
8% more funds holding
Funds holding: 621 → 668 (+47)
3% more capital invested
Capital invested by funds: $8.54B → $8.83B (+$287M)
1% more call options, than puts
Call options by funds: $3.44B | Put options by funds: $3.39B
0.96% less ownership
Funds ownership: 52.32% → 51.36% (-0.96%)
24% less funds holding in top 10
Funds holding in top 10: 67 → 51 (-16)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rafferty Asset Management
New York
|
+$299M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$219M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$194M |
| 4 |
Jane Street
New York
|
+$123M |
| 5 |
Citigroup
New York
|
+$84.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$495M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$144M |
| 3 |
SF
Synovus Financial
Columbus,
Georgia
|
-$106M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$94.4M |
| 5 |
TC
Tairen Capital
Hong Kong
|
-$83.8M |
GDX Hedge Fund Activity: Q3 2020 in Review
668 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q3 2020, worth a combined $8.83B — up 3.4% from $8.54B a quarter earlier.
Buyers outnumbered sellers: 117 funds opened new GDX positions and 66 closed out — a net gain of 51 holders — while 251 added to existing stakes and 195 trimmed.
The largest buyer was Rafferty Asset Management, adding an estimated $299M. The largest seller was Credit Suisse, cutting an estimated $495M.
- 668 institutional investors held VanEck Gold Miners ETF (GDX) as of Q3 2020, up from 621 in Q2 2020.
- Funds reported $8.83B of VanEck Gold Miners ETF stock for Q3 2020, up 3.4% quarter-over-quarter.
- 117 funds opened new VanEck Gold Miners ETF positions in Q3 2020 and 66 closed out, a net change of +51 holders.
- The largest VanEck Gold Miners ETF buyer in Q3 2020 was Rafferty Asset Management, an estimated $299M added.
- The largest VanEck Gold Miners ETF seller in Q3 2020 was Credit Suisse, an estimated $495M sold.
Based on aggregated 13F filings for Q3 2020.