VanEck Gold Miners ETF
726 hedge funds and large institutions have $6.69B invested in VanEck Gold Miners ETF in 2023 Q1 according to their latest regulatory filings, with 119 funds opening new positions, 233 increasing their positions, 224 reducing their positions, and 84 closing their positions.
42% more call options, than puts
Call options by funds: $6.26B | Put options by funds: $4.41B
42% more first-time investments, than exits
New positions opened: 119 | Existing positions closed: 84
3% more funds holding
Funds holding: 704 → 726 (+22)
4% more repeat investments, than reductions
Existing positions increased: 233 | Existing positions reduced: 224
1% more capital invested
Capital invested by funds: $6.63B → $6.69B (+$62.2M)
0.07% less ownership
Funds ownership: 48.89% → 48.83% (-0.07%)
5% less funds holding in top 10
Funds holding in top 10: 44 → 42 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$171M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$168M |
| 3 |
JP Morgan Chase
New York
|
+$113M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
+$97.1M |
| 5 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$87.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$215M |
| 2 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$115M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$107M |
| 4 |
MCM
Moore Capital Management
New York
|
-$76.9M |
| 5 |
SPC
Slate Path Capital
New York
|
-$60.5M |
GDX Hedge Fund Activity: Q1 2023 in Review
726 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q1 2023, worth a combined $6.69B — up 0.94% from $6.63B a quarter earlier.
Buyers outnumbered sellers: 119 funds opened new GDX positions and 84 closed out — a net gain of 35 holders — while 233 added to existing stakes and 224 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $171M. The largest seller was Susquehanna International Group, cutting an estimated $215M.
- 726 institutional investors held VanEck Gold Miners ETF (GDX) as of Q1 2023, up from 704 in Q4 2022.
- Funds reported $6.69B of VanEck Gold Miners ETF stock for Q1 2023, up 0.94% quarter-over-quarter.
- 119 funds opened new VanEck Gold Miners ETF positions in Q1 2023 and 84 closed out, a net change of +35 holders.
- The largest VanEck Gold Miners ETF buyer in Q1 2023 was Bank of Montreal, an estimated $171M added.
- The largest VanEck Gold Miners ETF seller in Q1 2023 was Susquehanna International Group, an estimated $215M sold.
Based on aggregated 13F filings for Q1 2023.