VanEck Gold Miners ETF
GDX
448 hedge funds and large institutions have $6.11B invested in VanEck Gold Miners ETF in 2019 Q1 according to their latest regulatory filings, with 91 funds opening new positions, 139 increasing their positions, 136 reducing their positions, and 55 closing their positions.
65% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 55
8% more funds holding
Funds holding: 416 → 448 (+32)
2% more repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 136
2% less call options, than puts
Call options by funds: $1.7B | Put options by funds: $1.73B
12% less funds holding in top 10
Funds holding in top 10: 26 → 23 (-3)
17% less capital invested
Capital invested by funds: $7.33B → $6.11B (-$1.22B)
21.03% less ownership
Funds ownership: 97.93% → 76.9% (-21%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$152M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$142M |
| 3 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$110M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$73.4M |
| 5 |
Bank of New York Mellon
New York
|
+$61.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$481M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$413M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
-$204M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$184M |
| 5 |
EIM
Elephas Investment Management
Hong Kong
|
-$174M |
GDX Hedge Fund Activity: Q1 2019 in Review
448 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q1 2019, worth a combined $6.11B — down 17% from $7.33B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new GDX positions and 55 closed out — a net gain of 36 holders — while 139 added to existing stakes and 136 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $152M. The largest seller was Bank of America, cutting an estimated $481M.
- 448 institutional investors held VanEck Gold Miners ETF (GDX) as of Q1 2019, up from 416 in Q4 2018.
- Funds reported $6.11B of VanEck Gold Miners ETF stock for Q1 2019, down 17% quarter-over-quarter.
- 91 funds opened new VanEck Gold Miners ETF positions in Q1 2019 and 55 closed out, a net change of +36 holders.
- The largest VanEck Gold Miners ETF buyer in Q1 2019 was JP Morgan Chase, an estimated $152M added.
- The largest VanEck Gold Miners ETF seller in Q1 2019 was Bank of America, an estimated $481M sold.
Based on aggregated 13F filings for Q1 2019.