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VanEck Junior Gold Miners ETF
GDXJ

122 hedge funds and large institutions have $309M invested in VanEck Junior Gold Miners ETF in 2013 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 35 increasing their positions, 30 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 3 → 6 (+3)

26% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 31

17% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 30

6% more funds holding

Funds holding: 115 → 122 (+7)

0.28% more ownership

Funds ownership: 21.79% → 22.07% (+0.28%)

22% less capital invested

Capital invested by funds: $397M → $309M (-$87.7M)

64% less call options, than puts

Call options by funds: $59.2M | Put options by funds: $166M

Holders
122
Holders Change
+7
Holders Change %
+6.09%
% of All Funds
3.54%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.17%
New
39
Increased
35
Reduced
30
Closed
31
Calls
$59.2M
Puts
$166M
Net Calls
-$106M
Net Calls Change
+$18.1M

Top Buyers

1
OA
Oxbow Advisors
Texas
+$15.9M
2
HCM
Highfields Capital Management
Massachusetts
+$12.9M
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$12.7M
4
JP Morgan Chase
JP Morgan Chase
New York
+$9.66M
5
SFM
Soros Fund Management
New York
+$9.33M

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$17.4M
2
Bank of America
Bank of America
North Carolina
-$10.3M
3
TM
Tiger Management
New York
-$8.68M
4
Jane Street
Jane Street
New York
-$8.2M
5
DCM
Discovery Capital Management
Connecticut
-$6.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
LC
26
Loews Corp
New York
$2.74M – – –
Rafferty Asset Management
27
Rafferty Asset Management
New York
$2.6M +$2.88M +83,726 New
MLIM
28
Mountain Lake Investment Management
Florida
$2.41M +$2.67M +77,670 New
CA
29
Commerzbank Aktiengesellschaft
Germany
$2.23M +$1.55M +45,092 +251%
VKH
30
Virtu KCG Holdings
New York
$2.19M +$2.1M +60,984 +629%
RHI
31
Richmond Hill Investments
New York
$2.15M +$2.39M +69,350 New
NC
32
Nokomis Capital
Texas
$1.8M +$261K +7,586 +15%
CWM
33
CIBC World Markets
New York
$1.8M +$1.99M +57,872 New
PMAM
34
Picton Mahoney Asset Management
Ontario, Canada
$1.69M -$895K -26,000 -32%
RA
35
Rational Advisors
New York
$1.66M – – –
MCM
36
Moon Capital Management
New York
$1.66M +$1.84M +53,333 New
ST
37
Spot Trading
Illinois
$1.64M +$154K +4,470 +9%
Goldman Sachs
38
Goldman Sachs
New York
$1.64M -$6.61M -192,090 -78%
Deutsche Bank
39
Deutsche Bank
Germany
$1.6M +$952K +27,663 +116%
BA
40
Bard Associates
Illinois
$1.55M +$1.32M +38,244 +328%
VDBMI
41
Van Den Berg Management I
Texas
$1.43M +$1.58M +45,993 New
EM
42
EnTrustPermal Management
New York
$1.39M +$228K +6,619 +17%
TC
43
Talkot Capital
California
$1.21M +$568K +16,500 +73%
Nomura Holdings
44
Nomura Holdings
Japan
$1.14M +$259K +7,534 +26%
AIG
45
American International Group
New York
$1.09M +$198K +5,756 +20%
GFM
46
Gramercy Funds Management
Connecticut
$1.05M +$1.16M +33,800 New
MTIM
47
Marathon Trading Investment Management
Pennsylvania
$889K -$38.7K -1,125 -4%
BPC
48
Banque Pictet & Cie
Switzerland
$830K +$920K +26,717 New
SMC
49
Smith, Moore & Co
Missouri
$741K +$821K +23,856 New
ID
50
Integral Derivatives
New York
$679K +$753K +21,864 New
1
2
3 4 5

GDXJ Hedge Fund Activity: Q4 2013 in Review

122 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in VanEck Junior Gold Miners ETF (GDXJ) for Q4 2013, worth a combined $309M — down 22% from $397M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new GDXJ positions and 31 closed out — a net gain of 8 holders — while 35 added to existing stakes and 30 trimmed.

The largest buyer was Oxbow Advisors, opening a new position worth an estimated $15.9M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $17.4M sold.

  • 122 institutional investors held VanEck Junior Gold Miners ETF (GDXJ) as of Q4 2013, up from 115 in Q3 2013.
  • Funds reported $309M of VanEck Junior Gold Miners ETF stock for Q4 2013, down 22% quarter-over-quarter.
  • 39 funds opened new VanEck Junior Gold Miners ETF positions in Q4 2013 and 31 closed out, a net change of +8 holders.
  • The largest VanEck Junior Gold Miners ETF buyer in Q4 2013 was Oxbow Advisors, an estimated $15.9M added.
  • The largest VanEck Junior Gold Miners ETF seller in Q4 2013 was Susquehanna International Group, an estimated $17.4M sold.

Based on aggregated 13F filings for Q4 2013.