VanEck Gold Miners ETF
308 hedge funds and large institutions have $4B invested in VanEck Gold Miners ETF in 2013 Q4 according to their latest regulatory filings, with 79 funds opening new positions, 92 increasing their positions, 98 reducing their positions, and 91 closing their positions.
8% more call options, than puts
Call options by funds: $1.07B | Put options by funds: $996M
0.3% more ownership
Funds ownership: 59.75% → 60.05% (+0.3%)
6% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 98
5% less funds holding
Funds holding: 323 → 308 (-15)
9% less capital invested
Capital invested by funds: $4.37B → $4B (-$377M)
11% less funds holding in top 10
Funds holding in top 10: 19 → 17 (-2)
13% less first-time investments, than exits
New positions opened: 79 | Existing positions closed: 91
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$704M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$222M |
| 3 |
Barclays
London,
United Kingdom
|
+$48.2M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$42.9M |
| 5 |
Citigroup
New York
|
+$29.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$301M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$165M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$88.8M |
| 4 |
Rafferty Asset Management
New York
|
-$63.6M |
| 5 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$40.1M |
GDX Hedge Fund Activity: Q4 2013 in Review
308 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q4 2013, worth a combined $4B — down 8.6% from $4.37B a quarter earlier.
Sellers outnumbered buyers: 91 funds closed out of GDX and 79 opened new positions — a net loss of 12 holders — while 98 trimmed existing stakes and 92 added.
The largest buyer was Deutsche Bank, adding an estimated $704M. The largest seller was Credit Suisse, cutting an estimated $301M.
- 308 institutional investors held VanEck Gold Miners ETF (GDX) as of Q4 2013, down from 323 in Q3 2013.
- Funds reported $4B of VanEck Gold Miners ETF stock for Q4 2013, down 8.6% quarter-over-quarter.
- 79 funds opened new VanEck Gold Miners ETF positions in Q4 2013 and 91 closed out, a net change of -12 holders.
- The largest VanEck Gold Miners ETF buyer in Q4 2013 was Deutsche Bank, an estimated $704M added.
- The largest VanEck Gold Miners ETF seller in Q4 2013 was Credit Suisse, an estimated $301M sold.
Based on aggregated 13F filings for Q4 2013.