We are live on ! Find out more
GDX icon

VanEck Gold Miners ETF
GDX

1,153 hedge funds and large institutions have $13.3B invested in VanEck Gold Miners ETF in 2025 Q4 according to their latest regulatory filings, with 196 funds opening new positions, 358 increasing their positions, 426 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

193% more first-time investments, than exits

New positions opened: 196 | Existing positions closed: 67

17% more capital invested

Capital invested by funds: $11.3B → $13.3B (+$1.98B)

10% more funds holding

Funds holding: 1,045 → 1,153 (+108)

10% more funds holding in top 10

Funds holding in top 10: 62 → 68 (+6)

0.35% more ownership

Funds ownership: 51.41% → 51.76% (+0.35%)

16% less repeat investments, than reductions

Existing positions increased: 358 | Existing positions reduced: 426

56% less call options, than puts

Call options by funds: $6.17B | Put options by funds: $13.9B

Holders
1,153
Holders Change
+108
Holders Change %
+10.33%
% of All Funds
14.03%
Holding in Top 10
68
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+9.68%
% of All Funds
0.83%
New
196
Increased
358
Reduced
426
Closed
67
Calls
$6.17B
Puts
$13.9B
Net Calls
-$7.72B
Net Calls Change
-$3.52B

Top Buyers

1
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$407M
2
Citadel Advisors
Citadel Advisors
Florida
+$272M
3
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
+$202M
4
Goldman Sachs
Goldman Sachs
New York
+$158M
5
Wells Fargo
Wells Fargo
California
+$153M

Top Sellers

1
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$174M
2
UBS Group
UBS Group
Switzerland
-$159M
3
Bank of America
Bank of America
North Carolina
-$122M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$114M
5
JP Morgan Chase
JP Morgan Chase
New York
-$92.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
GHAM
951
Gilman Hill Asset Management
Connecticut
$214K -$19.7K -250 -9%
B
952
Bensler
Washington
$214K +$197K +2,500 New
LOAMU
953
Lombard Odier Asset Management (USA)
New York
$214K +$197K +2,500 New
NHT
954
New Hampshire Trust
New Hampshire
$214K +$197K +2,500 New
VAS
955
Valicenti Advisory Services
New York
$214K +$197K +2,500 New
JAWA
956
John A. Wolfe & Associates
Michigan
$212K +$196K +2,476 New
FNBT
957
FineMark National Bank & Trust
Florida
$211K +$194K +2,459 New
VA
958
Valmark Advisers
Ohio
$211K +$194K +2,457 New
OSAM
959
O'Shaughnessy Asset Management
Connecticut
$210K +$9.24K +117 +5%
AWM
960
Aberdeen Wealth Management
Illinois
$210K +$194K +2,450 New
OPA
961
Old Port Advisors
Maine
$209K +$192K +2,436 New
SL
962
SFM LLC
New Hampshire
$208K +$191K +2,423 New
CWP
963
Corepath Wealth Partners
Arizona
$208K +$171K +2,171 New
TW
964
Tempo Wealth
Ohio
$208K +$191K +2,422 New
PIA
965
Pinion Investment Advisors
Kansas
$207K +$190K +2,410 New
SA
966
Sicart Associates
New York
$206K +$190K +2,405 New
PWA
967
Pitcairn Wealth Advisors
Pennsylvania
$206K +$190K +2,403 New
HTHT
968
Hemenway Trust Hemenway Trust
New Hampshire
$206K +$190K +2,400 New
TWM
969
Tolleson Wealth Management
Texas
$206K +$190K +2,400 New
NAM
970
NorthCrest Asset Manangement
Minnesota
$204K +$183K +2,311 New
GB
971
Goepper Burkhardt
South Carolina
$204K +$188K +2,383 New
JCM
972
Jacobi Capital Management
Pennsylvania
$203K +$187K +2,367 New
FFA
973
Florida Financial Advisors
Florida
$203K +$187K +2,367 New
SWA
974
SOA Wealth Advisors
New York
$203K -$2.05K -26 -1%
CWA
975
Continuum Wealth Advisors
New York
$203K +$187K +2,366 New
37 38
39
40 41