VanEck Gold Miners ETF
707 hedge funds and large institutions have $5.25B invested in VanEck Gold Miners ETF in 2023 Q3 according to their latest regulatory filings, with 72 funds opening new positions, 198 increasing their positions, 251 reducing their positions, and 91 closing their positions.
1.02% more ownership
Funds ownership: 44.96% → 45.98% (+1%)
10% more call options, than puts
Call options by funds: $3.82B | Put options by funds: $3.48B
3% less funds holding
Funds holding: 732 → 707 (-25)
9% less capital invested
Capital invested by funds: $5.74B → $5.25B (-$494M)
21% less first-time investments, than exits
New positions opened: 72 | Existing positions closed: 91
21% less repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 251
22% less funds holding in top 10
Funds holding in top 10: 37 → 29 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$137M |
| 2 |
Jane Street
New York
|
+$107M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$69.4M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$59.1M |
| 5 |
JP Morgan Chase
New York
|
+$56.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AG
Arctis Global
San Juan,
Puerto Rico
|
-$85.1M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$58.6M |
| 3 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$53.6M |
| 4 |
Twin Tree Management
Dallas,
Texas
|
-$51.6M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
-$42.4M |
GDX Hedge Fund Activity: Q3 2023 in Review
707 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q3 2023, worth a combined $5.25B — down 8.6% from $5.74B a quarter earlier.
Sellers outnumbered buyers: 91 funds closed out of GDX and 72 opened new positions — a net loss of 19 holders — while 251 trimmed existing stakes and 198 added.
The largest buyer was National Bank of Canada, adding an estimated $137M. The largest seller was Arctis Global, exiting entirely with an estimated $85.1M sold.
- 707 institutional investors held VanEck Gold Miners ETF (GDX) as of Q3 2023, down from 732 in Q2 2023.
- Funds reported $5.25B of VanEck Gold Miners ETF stock for Q3 2023, down 8.6% quarter-over-quarter.
- 72 funds opened new VanEck Gold Miners ETF positions in Q3 2023 and 91 closed out, a net change of -19 holders.
- The largest VanEck Gold Miners ETF buyer in Q3 2023 was National Bank of Canada, an estimated $137M added.
- The largest VanEck Gold Miners ETF seller in Q3 2023 was Arctis Global, an estimated $85.1M sold.
Based on aggregated 13F filings for Q3 2023.