VanEck Gold Miners ETF
359 hedge funds and large institutions have $6.15B invested in VanEck Gold Miners ETF in 2016 Q4 according to their latest regulatory filings, with 87 funds opening new positions, 105 increasing their positions, 114 reducing their positions, and 84 closing their positions.
4% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 84
2% more call options, than puts
Call options by funds: $1.78B | Put options by funds: $1.74B
8% less repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 114
2% less funds holding
Funds holding: 367 → 359 (-8)
6.06% less ownership
Funds ownership: 69.12% → 63.06% (-6.1%)
20% less capital invested
Capital invested by funds: $7.65B → $6.15B (-$1.5B)
40% less funds holding in top 10
Funds holding in top 10: 35 → 21 (-14)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$308M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$250M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$222M |
| 4 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$222M |
| 5 |
PC
Passport Capital
San Francisco,
California
|
+$203M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$498M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$397M |
| 3 |
PPFA
Provida Pension Fund Administrator
Las Condes, Santiago,
Chile
|
-$244M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$223M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$192M |
GDX Hedge Fund Activity: Q4 2016 in Review
359 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q4 2016, worth a combined $6.15B — down 20% from $7.65B a quarter earlier.
Buyers outnumbered sellers: 87 funds opened new GDX positions and 84 closed out — a net gain of 3 holders — while 105 added to existing stakes and 114 trimmed.
The largest buyer was Wells Fargo, adding an estimated $308M. The largest seller was Citigroup, cutting an estimated $498M.
- 359 institutional investors held VanEck Gold Miners ETF (GDX) as of Q4 2016, down from 367 in Q3 2016.
- Funds reported $6.15B of VanEck Gold Miners ETF stock for Q4 2016, down 20% quarter-over-quarter.
- 87 funds opened new VanEck Gold Miners ETF positions in Q4 2016 and 84 closed out, a net change of +3 holders.
- The largest VanEck Gold Miners ETF buyer in Q4 2016 was Wells Fargo, an estimated $308M added.
- The largest VanEck Gold Miners ETF seller in Q4 2016 was Citigroup, an estimated $498M sold.
Based on aggregated 13F filings for Q4 2016.