VanEck Gold Miners ETF
621 hedge funds and large institutions have $8.55B invested in VanEck Gold Miners ETF in 2020 Q2 according to their latest regulatory filings, with 174 funds opening new positions, 199 increasing their positions, 160 reducing their positions, and 62 closing their positions.
181% more first-time investments, than exits
New positions opened: 174 | Existing positions closed: 62
65% more capital invested
Capital invested by funds: $5.18B → $8.55B (+$3.37B)
52% more funds holding in top 10
Funds holding in top 10: 44 → 67 (+23)
42% more call options, than puts
Call options by funds: $3.92B | Put options by funds: $2.77B
24% more repeat investments, than reductions
Existing positions increased: 199 | Existing positions reduced: 160
21% more funds holding
Funds holding: 514 → 621 (+107)
10.81% less ownership
Funds ownership: 63.13% → 52.32% (-11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$469M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$227M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$214M |
| 4 |
PPFA
Provida Pension Fund Administrator
Las Condes, Santiago,
Chile
|
+$123M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$77.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$482M |
| 2 |
H
Hexavest
Montreal,
Quebec, Canada
|
-$287M |
| 3 |
JP Morgan Chase
New York
|
-$224M |
| 4 |
Rafferty Asset Management
New York
|
-$122M |
| 5 |
APF
Alaska Permanent Fund
Juneau,
Alaska
|
-$70M |
GDX Hedge Fund Activity: Q2 2020 in Review
621 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q2 2020, worth a combined $8.55B — up 65% from $5.18B a quarter earlier.
Buyers outnumbered sellers: 174 funds opened new GDX positions and 62 closed out — a net gain of 112 holders — while 199 added to existing stakes and 160 trimmed.
The largest buyer was Canada Pension Plan Investment Board, opening a new position worth an estimated $469M. The largest seller was Jane Street, cutting an estimated $482M.
- 621 institutional investors held VanEck Gold Miners ETF (GDX) as of Q2 2020, up from 514 in Q1 2020.
- Funds reported $8.55B of VanEck Gold Miners ETF stock for Q2 2020, up 65% quarter-over-quarter.
- 174 funds opened new VanEck Gold Miners ETF positions in Q2 2020 and 62 closed out, a net change of +112 holders.
- The largest VanEck Gold Miners ETF buyer in Q2 2020 was Canada Pension Plan Investment Board, an estimated $469M added.
- The largest VanEck Gold Miners ETF seller in Q2 2020 was Jane Street, an estimated $482M sold.
Based on aggregated 13F filings for Q2 2020.