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VanEck Gold Miners ETF
GDX

312 hedge funds and large institutions have $4.49B invested in VanEck Gold Miners ETF in 2014 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 92 increasing their positions, 107 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

8.44% more ownership

Funds ownership: 60.06% → 68.51% (+8.4%)

6% more funds holding in top 10

Funds holding in top 10: 16 → 17 (+1)

9% more call options, than puts

Call options by funds: $1.05B | Put options by funds: $959M

8% less capital invested

Capital invested by funds: $4.89B → $4.49B (-$394M)

8% less funds holding

Funds holding: 340 → 312 (-28)

14% less repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 107

36% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 66

Holders
312
Holders Change
-28
Holders Change %
-8.24%
% of All Funds
9.05%
Holding in Top 10
17
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+6.25%
% of All Funds
0.49%
New
42
Increased
92
Reduced
107
Closed
66
Calls
$1.05B
Puts
$959M
Net Calls
+$88.3M
Net Calls Change
+$148M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$213M
2
Rafferty Asset Management
Rafferty Asset Management
New York
+$180M
3
Deutsche Bank
Deutsche Bank
Germany
+$170M
4
CS
Credit Suisse
Switzerland
+$134M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$116M

Top Sellers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$117M
2
BA
BlackRock Advisors
Delaware
-$117M
3
HSBC Holdings
HSBC Holdings
United Kingdom
-$75.6M
4
DFO
Duquesne Family Office
New York
-$60M
5
GC
Greenlight Capital
New York
-$59.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
KeyBank National Association
101
KeyBank National Association
Ohio
$2.01M -$38.4K -1,500 -2%
QAM
102
QCI Asset Management
New York
$2M -$102K -4,000 -4%
FSA
103
Financial Sense Advisors
California
$2M -$21.6K -845 -0.9%
AA
104
Apriem Advisors
California
$1.97M +$89.5K +3,500 +4%
JCM
105
JD Capital Management
Connecticut
$1.92M +$2.3M +90,000 New
FAM
106
Foothills Asset Management
Arizona
$1.91M +$2.28M +89,215 New
RPA
107
Rock Point Advisors
Vermont
$1.89M -$519K -20,315 -19%
SMC
108
Smith, Moore & Co
Missouri
$1.81M +$168K +6,565 +8%
OC
109
Oppenheimer & Co
New York
$1.81M +$96.2K +3,763 +5%
G
110
Glenrock
New York
$1.79M +$10.2K +400 +0.5%
MFS
111
MSI Financial Services
Massachusetts
$1.75M +$1.33M +52,216 +175%
RG
112
Rathbones Group
United Kingdom
$1.65M -$12.5K -490 -0.6%
MCM
113
Moon Capital Management
New York
$1.61M – – –
GFM
114
Gramercy Funds Management
Connecticut
$1.6M – – –
BCI
115
Brinker Capital Investments
Pennsylvania
$1.6M – – –
CB
116
Commerce Bank
Missouri
$1.58M +$255K +9,987 +16%
MCTIC
117
MacGuire Cheswick & Tuttle Investment Counsel
Connecticut
$1.54M – – –
FIM
118
Freedom Investment Management
Connecticut
$1.52M +$274K +10,729 +18%
Schroder Investment Management Group
119
Schroder Investment Management Group
United Kingdom
$1.51M +$118K +4,605 +7%
SCM
120
Stuyvesant Capital Management
New York
$1.36M – – –
SCM
121
SOL Capital Management
Maryland
$1.33M +$25.6K +1,000 +2%
CA
122
Continental Advisors
Utah
$1.31M +$435K +17,000 +38%
CT
123
CMT Trading
Illinois
$1.31M +$1.57M +61,451 New
COPPSERS
124
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.3M – – –
MWR
125
McAdams Wright Ragen
Washington
$1.3M -$21.1K -825 -1%
3 4
5
6 7

GDX Hedge Fund Activity: Q3 2014 in Review

312 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q3 2014, worth a combined $4.49B — down 8.1% from $4.89B a quarter earlier.

Sellers outnumbered buyers: 66 funds closed out of GDX and 42 opened new positions — a net loss of 24 holders — while 107 trimmed existing stakes and 92 added.

The largest buyer was Jane Street, opening a new position worth an estimated $213M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $117M.

  • 312 institutional investors held VanEck Gold Miners ETF (GDX) as of Q3 2014, down from 340 in Q2 2014.
  • Funds reported $4.49B of VanEck Gold Miners ETF stock for Q3 2014, down 8.1% quarter-over-quarter.
  • 42 funds opened new VanEck Gold Miners ETF positions in Q3 2014 and 66 closed out, a net change of -24 holders.
  • The largest VanEck Gold Miners ETF buyer in Q3 2014 was Jane Street, an estimated $213M added.
  • The largest VanEck Gold Miners ETF seller in Q3 2014 was BNP Paribas Financial Markets, an estimated $117M sold.

Based on aggregated 13F filings for Q3 2014.