VanEck Gold Miners ETF
349 hedge funds and large institutions have $4.29B invested in VanEck Gold Miners ETF in 2014 Q1 according to their latest regulatory filings, with 92 funds opening new positions, 109 increasing their positions, 100 reducing their positions, and 47 closing their positions.
96% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 47
48% more call options, than puts
Call options by funds: $1.34B | Put options by funds: $901M
29% more funds holding in top 10
Funds holding in top 10: 17 → 22 (+5)
13% more funds holding
Funds holding: 308 → 349 (+41)
7% more capital invested
Capital invested by funds: $4B → $4.29B (+$288M)
9% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 100
4.9% less ownership
Funds ownership: 60.05% → 55.15% (-4.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$121M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$107M |
| 3 |
MAM
Marketfield Asset Management
New York
|
+$104M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$86.1M |
| 5 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$423M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$237M |
| 3 |
Citigroup
New York
|
-$174M |
| 4 |
Morgan Stanley
New York
|
-$90.9M |
| 5 |
Barclays
London,
United Kingdom
|
-$81.1M |
GDX Hedge Fund Activity: Q1 2014 in Review
349 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q1 2014, worth a combined $4.29B — up 7.2% from $4B a quarter earlier.
Buyers outnumbered sellers: 92 funds opened new GDX positions and 47 closed out — a net gain of 45 holders — while 109 added to existing stakes and 100 trimmed.
The largest buyer was Discovery Capital Management, opening a new position worth an estimated $121M. The largest seller was Deutsche Bank, cutting an estimated $423M.
- 349 institutional investors held VanEck Gold Miners ETF (GDX) as of Q1 2014, up from 308 in Q4 2013.
- Funds reported $4.29B of VanEck Gold Miners ETF stock for Q1 2014, up 7.2% quarter-over-quarter.
- 92 funds opened new VanEck Gold Miners ETF positions in Q1 2014 and 47 closed out, a net change of +45 holders.
- The largest VanEck Gold Miners ETF buyer in Q1 2014 was Discovery Capital Management, an estimated $121M added.
- The largest VanEck Gold Miners ETF seller in Q1 2014 was Deutsche Bank, an estimated $423M sold.
Based on aggregated 13F filings for Q1 2014.