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VanEck Gold Miners ETF
GDX

340 hedge funds and large institutions have $4.89B invested in VanEck Gold Miners ETF in 2014 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 100 increasing their positions, 118 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $4.29B → $4.89B (+$600M)

4.91% more ownership

Funds ownership: 55.15% → 60.06% (+4.9%)

5% less call options, than puts

Call options by funds: $1.07B | Put options by funds: $1.13B

3% less funds holding

Funds holding: 349 → 340 (-9)

13% less first-time investments, than exits

New positions opened: 46 | Existing positions closed: 53

15% less repeat investments, than reductions

Existing positions increased: 100 | Existing positions reduced: 118

27% less funds holding in top 10

Funds holding in top 10: 22 → 16 (-6)

Holders
340
Holders Change
-9
Holders Change %
-2.58%
% of All Funds
9.77%
Holding in Top 10
16
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-27.27%
% of All Funds
0.46%
New
46
Increased
100
Reduced
118
Closed
53
Calls
$1.07B
Puts
$1.13B
Net Calls
-$59.2M
Net Calls Change
-$494M

Top Buyers

1
CS
Credit Suisse
Switzerland
+$178M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$135M
3
MAM
Marketfield Asset Management
New York
+$118M
4
DFO
Duquesne Family Office
New York
+$93.4M
5
Citigroup
Citigroup
New York
+$76.4M

Top Sellers

1
Deutsche Bank
Deutsche Bank
Germany
-$122M
2
DCM
Discovery Capital Management
Connecticut
-$116M
3
Jane Street
Jane Street
New York
-$115M
4
Rafferty Asset Management
Rafferty Asset Management
New York
-$109M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$37M
Name Holding Trade Value Shares
Change 		Change in
Stake
BPC
101
Banque Pictet & Cie
Switzerland
$2.79M +$204K +8,500 +9%
RJFSA
102
Raymond James Financial Services Advisors
Florida
$2.78M -$283K -11,813 -10%
MSU
103
Maple Securities USA
New Jersey
$2.68M +$2.43M +101,439 New
OL
104
Orbitronix LP
California
$2.6M +$2.35M +98,098 New
QAM
105
QCI Asset Management
New York
$2.59M -$33.6K -1,400 -1%
KeyBank National Association
106
KeyBank National Association
Ohio
$2.53M -$19.5K -815 -0.8%
SCM
107
Steadfast Capital Management
New York
$2.53M +$1.15M +47,757 +100%
FSA
108
Financial Sense Advisors
California
$2.5M -$790K -32,965 -26%
IGIM
109
I.G. Investment Management
Manitoba, Canada
$2.5M +$2.26M +94,400 New
FM
110
Foster & Motley
Ohio
$2.48M +$280K +11,675 +14%
FAM
111
Futuris Asset Management
Sweden
$2.38M +$2.16M +90,000 New
AA
112
Apriem Advisors
California
$2.35M +$71.8K +2,995 +3%
SFI
113
SPC Financial Inc
Maryland
$2.33M -$193K -8,050 -8%
TAM
114
TFG Asset Management
Cayman Islands
$2.27M – – –
DC
115
Davenport & Co
Virginia
$2.25M -$186K -7,764 -8%
ID
116
Integral Derivatives
New York
$2.23M -$693K -28,900 -26%
LOCC
117
Lombard Odier & Cie (Canada)
Quebec, Canada
$2.22M +$9.59K +400 +0.5%
G
118
Glenrock
New York
$2.2M -$480K -20,000 -19%
BCM
119
Bluefin Capital Management
New York
$2.2M +$1.21M +50,385 +166%
OC
120
Oppenheimer & Co
New York
$2.14M -$715K -29,819 -27%
PAMG
121
Patton Albertson Miller Group
Tennessee
$2.13M +$558K +23,280 +40%
SMC
122
Smith, Moore & Co
Missouri
$2.07M +$47.5K +1,979 +3%
RG
123
Rathbones Group
United Kingdom
$2.06M -$95.9K -4,000 -5%
CA
124
Cumberland Advisors
Florida
$2.03M +$1.84M +76,680 New
MCM
125
Moon Capital Management
New York
$1.99M – – –
3 4
5
6 7

GDX Hedge Fund Activity: Q2 2014 in Review

340 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q2 2014, worth a combined $4.89B — up 14% from $4.29B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of GDX and 46 opened new positions — a net loss of 7 holders — while 118 trimmed existing stakes and 100 added.

The largest buyer was Credit Suisse, adding an estimated $178M. The largest seller was Deutsche Bank, cutting an estimated $122M.

  • 340 institutional investors held VanEck Gold Miners ETF (GDX) as of Q2 2014, down from 349 in Q1 2014.
  • Funds reported $4.89B of VanEck Gold Miners ETF stock for Q2 2014, up 14% quarter-over-quarter.
  • 46 funds opened new VanEck Gold Miners ETF positions in Q2 2014 and 53 closed out, a net change of -7 holders.
  • The largest VanEck Gold Miners ETF buyer in Q2 2014 was Credit Suisse, an estimated $178M added.
  • The largest VanEck Gold Miners ETF seller in Q2 2014 was Deutsche Bank, an estimated $122M sold.

Based on aggregated 13F filings for Q2 2014.