VanEck Gold Miners ETF
1,115 hedge funds and large institutions have $13.4B invested in VanEck Gold Miners ETF in 2026 Q2 according to their latest regulatory filings, with 105 funds opening new positions, 352 increasing their positions, 401 reducing their positions, and 150 closing their positions.
6.54% more ownership
Funds ownership: 52.54% → 59.08% (+6.5%)
6% less funds holding
Funds holding: 1,182 → 1,115 (-67)
10% less capital invested
Capital invested by funds: $14.9B → $13.4B (-$1.5B)
12% less repeat investments, than reductions
Existing positions increased: 352 | Existing positions reduced: 401
21% less funds holding in top 10
Funds holding in top 10: 57 → 45 (-12)
30% less first-time investments, than exits
New positions opened: 105 | Existing positions closed: 150
41% less call options, than puts
Call options by funds: $10.9B | Put options by funds: $18.4B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$442M |
| 2 |
BSL
Blue Sparrow LLC
Dover,
Delaware
|
+$345M |
| 3 |
D.E. Shaw & Co
New York
|
+$286M |
| 4 |
NCM
Nearwater Capital Markets
Dublin 4, Dublin,
Ireland
|
+$234M |
| 5 |
Jane Street
New York
|
+$205M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$262M |
| 2 |
JP Morgan Chase
New York
|
-$257M |
| 3 |
Goldman Sachs
New York
|
-$223M |
| 4 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$127M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$119M |
GDX Hedge Fund Activity: Q2 2026 in Review
1,115 of the 8,286 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q2 2026, worth a combined $13.4B — down 10% from $14.9B a quarter earlier.
Sellers outnumbered buyers: 150 funds closed out of GDX and 105 opened new positions — a net loss of 45 holders — while 401 trimmed existing stakes and 352 added.
The largest buyer was Morgan Stanley, adding an estimated $442M. The largest seller was Susquehanna International Group, cutting an estimated $262M.
- 1,115 institutional investors held VanEck Gold Miners ETF (GDX) as of Q2 2026, down from 1,182 in Q1 2026.
- Funds reported $13.4B of VanEck Gold Miners ETF stock for Q2 2026, down 10% quarter-over-quarter.
- 105 funds opened new VanEck Gold Miners ETF positions in Q2 2026 and 150 closed out, a net change of -45 holders.
- The largest VanEck Gold Miners ETF buyer in Q2 2026 was Morgan Stanley, an estimated $442M added.
- The largest VanEck Gold Miners ETF seller in Q2 2026 was Susquehanna International Group, an estimated $262M sold.
Based on aggregated 13F filings for Q2 2026.