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VanEck Junior Gold Miners ETF
GDXJ

143 hedge funds and large institutions have $686M invested in VanEck Junior Gold Miners ETF in 2014 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 41 increasing their positions, 29 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

122% more capital invested

Capital invested by funds: $309M → $686M (+$377M)

96% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 23

41% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 29

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

17% more funds holding

Funds holding: 122 → 143 (+21)

11.48% more ownership

Funds ownership: 22.07% → 33.55% (+11%)

13% less call options, than puts

Call options by funds: $131M | Put options by funds: $151M

Holders
143
Holders Change
+21
Holders Change %
+17.21%
% of All Funds
4.13%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.23%
New
45
Increased
41
Reduced
29
Closed
23
Calls
$131M
Puts
$151M
Net Calls
-$19.9M
Net Calls Change
+$86.6M

Top Buyers

Rank Fund Capital Flow
1
Citigroup
Citigroup
New York
+$75.7M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$75.4M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$36.5M
4
CS
Credit Suisse
Switzerland
+$35M
5
JAM
Jupiter Asset Management
United Kingdom
+$25.2M

Top Sellers

Rank Fund Capital Flow
1
OA
Oxbow Advisors
Texas
-$14.3M
2
HCM
Highfields Capital Management
Massachusetts
-$11.6M
3
JP Morgan Chase
JP Morgan Chase
New York
-$8.11M
4
SVG
Sun Valley Gold
Idaho
-$6.52M
5
Walleye Trading
Walleye Trading
New York
-$4.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
BP
26
BI Partners
Connecticut
$4.38M +$280K +7,276 +6%
PMAM
27
Picton Mahoney Asset Management
Ontario, Canada
$4.32M +$2.5M +64,800 +119%
Jane Street
28
Jane Street
New York
$4.28M +$4.14M +107,548 +1,014%
NCA
29
New Century Advisors
Maryland
$4.07M – – –
Goldman Sachs
30
Goldman Sachs
New York
$3.97M +$2.19M +56,914 +108%
Stifel Financial
31
Stifel Financial
Missouri
$3.91M +$4.16M +107,985 New
EIM
32
Essex Investment Management
Massachusetts
$3.88M +$4.12M +106,983 New
VKH
33
Virtu KCG Holdings
New York
$3.58M +$1.09M +28,244 +40%
DC
34
Davenport & Co
Virginia
$3.55M +$3.78M +98,090 New
WA
35
Whitebox Advisors
Minnesota
$3.52M +$174K +4,528 +5%
CLOS
36
Compagnie Lombard Odier SCmA
Switzerland
$3.47M -$1.2M -31,212 -25%
JP Morgan Chase
37
JP Morgan Chase
New York
$3.4M -$8.11M -210,598 -69%
SP
38
Sarasin & Partners
United Kingdom
$3.33M +$3.54M +91,972 New
CCMU
39
Cheyne Capital Management (UK)
United Kingdom
$3.26M +$3.47M +90,000 New
VF
40
Virtu Financial
New York
$2.93M +$3.12M +81,112 New
RHI
41
Richmond Hill Investments
New York
$2.51M – – –
RJA
42
Raymond James & Associates
Florida
$2.46M +$1.81M +46,918 +225%
CWM
43
CIBC World Markets
New York
$2.22M +$137K +3,570 +6%
Nomura Holdings
44
Nomura Holdings
Japan
$2.2M +$884K +22,953 +63%
Fidelity Investments
45
Fidelity Investments
Massachusetts
$2.17M +$2.31M +60,000 New
BTS
46
BB&T Securities
Virginia
$2.15M +$229K +5,941 New
FTUS
47
Flow Traders U.S.
New York
$2.14M +$2.28M +59,173 New
TAM
48
TFG Asset Management
Cayman Islands
$2.12M -$3.82M -99,300 -63%
NC
49
Nokomis Capital
Texas
$2.1M – – –
GH
50
GAM Holding
Switzerland
$1.99M +$2.12M +55,000 New
1
2
3 4 5

GDXJ Hedge Fund Activity: Q1 2014 in Review

143 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in VanEck Junior Gold Miners ETF (GDXJ) for Q1 2014, worth a combined $686M — up 122% from $309M a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new GDXJ positions and 23 closed out — a net gain of 22 holders — while 41 added to existing stakes and 29 trimmed.

The largest buyer was Citigroup, adding an estimated $75.7M. The largest seller was Oxbow Advisors, exiting entirely with an estimated $14.3M sold.

  • 143 institutional investors held VanEck Junior Gold Miners ETF (GDXJ) as of Q1 2014, up from 122 in Q4 2013.
  • Funds reported $686M of VanEck Junior Gold Miners ETF stock for Q1 2014, up 122% quarter-over-quarter.
  • 45 funds opened new VanEck Junior Gold Miners ETF positions in Q1 2014 and 23 closed out, a net change of +22 holders.
  • The largest VanEck Junior Gold Miners ETF buyer in Q1 2014 was Citigroup, an estimated $75.7M added.
  • The largest VanEck Junior Gold Miners ETF seller in Q1 2014 was Oxbow Advisors, an estimated $14.3M sold.

Based on aggregated 13F filings for Q1 2014.