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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
Credit Agricole
151
Credit Agricole
France
$1.4M +$609K +25,400 +92%
PP
152
Paloma Partners
Connecticut
$1.36M +$1.23M +51,368 New
LCP
153
Legacy Capital Partners
Wisconsin
$1.35M +$199K +8,300 +19%
HCMT
154
Highland Capital Management (Texas)
Texas
$1.32M +$1.2M +50,000 New
MHIC
155
Marble Harbor Investment Counsel
Massachusetts
$1.26M +$456K +19,000 +66%
Bank of New York Mellon
156
Bank of New York Mellon
New York
$1.26M -$482K -20,090 -30%
CCM
157
Connective Capital Management
California
$1.25M -$313K -13,034 -22%
FTIOP
158
Fiduciary Trust International of Pennsylvania
Pennsylvania
$1.19M – – –
PAG
159
Private Advisor Group
New Jersey
$1.18M -$192K -8,019 -15%
CA
160
Continental Advisors
Utah
$1.18M -$168K -7,000 -14%
HDIM
161
Hanson & Doremus Investment Management
Vermont
$1.17M +$180K +7,510 +20%
HFS
162
HL Financial Services
Kentucky
$1.13M +$10.8K +452 +1%
CC
163
Columbia Capital
California
$1.13M -$197K -8,200 -16%
GI
164
Glovista Investments
New Jersey
$1.11M +$499K +20,830 +98%
MHP
165
Manatuck Hill Partners
Connecticut
$1.09M -$31.2K -1,300 -3%
LFR
166
Lehman Financial Resources
Pennsylvania
$1.09M +$48K +2,000 +5%
TAM
167
Tocqueville Asset Management
New York
$1.03M +$936K +39,033 New
TH
168
Timber Hill
Connecticut
$1.02M +$922K +38,457 New
Canada Life
169
Canada Life
Manitoba, Canada
$1M +$893K +37,257 +3,685%
SF
170
Synovus Financial
Georgia
$949K +$76.1K +3,173 +10%
Two Sigma Advisers
171
Two Sigma Advisers
New York
$945K +$856K +35,720 New
SB
172
Suntrust Banks
Georgia
$920K -$125K -5,204 -13%
CMO
173
Covenant Multifamily Offices
Texas
$905K – – –
CR
174
Cooperatieve Rabobank
Netherlands
$851K -$171K -7,112 -18%
LPC
175
Loeb Partners Corp
New York
$837K – – –
5 6
7
8 9

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.