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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
MCM
51
Moon Capital Management
New York
$1.93M – – –
VDBMI
52
Van Den Berg Management I
Texas
$1.88M +$230K +5,979 +13%
LC
53
Loews Corp
New York
$1.81M -$1.47M -38,250 -43%
BA
54
Bard Associates
Illinois
$1.79M -$17.8K -462 -0.9%
HSBC Holdings
55
HSBC Holdings
United Kingdom
$1.77M +$1.39M +36,082 +282%
MLIM
56
Mountain Lake Investment Management
Florida
$1.72M -$1.17M -30,278 -39%
EM
57
EnTrustPermal Management
New York
$1.62M – – –
CA
58
Commerzbank Aktiengesellschaft
Germany
$1.56M -$770K -19,984 -32%
MHP
59
Manatuck Hill Partners
Connecticut
$1.54M +$1.63M +42,400 New
HNB
60
Huntington National Bank
Ohio
$1.5M – – –
CT
61
CMT Trading
Illinois
$1.48M +$1.58M +40,913 New
TH
62
Timber Hill
Connecticut
$1.34M +$1.42M +36,972 New
BPC
63
Banque Pictet & Cie
Switzerland
$1.34M +$396K +10,283 +38%
SEP
64
Sound Energy Partners
Connecticut
$1.32M +$1.41M +36,500 New
AIG
65
American International Group
New York
$1.31M +$39.7K +1,030 +3%
SMC
66
Smith, Moore & Co
Missouri
$1.19M +$346K +8,997 +38%
OC
67
Oppenheimer & Co
New York
$1.12M +$496K +12,891 +71%
Millennium Management
68
Millennium Management
New York
$1.01M +$1.07M +27,815 New
PFS
69
Prospera Financial Services
Texas
$953K +$1.01M +26,311 New
NC
70
NewSquare Capital
Pennsylvania
$920K +$978K +25,410 New
JG
71
Jefferies Group
New York
$833K +$886K +23,000 New
Bank of Montreal
72
Bank of Montreal
Ontario, Canada
$749K +$762K +19,786 +2,221%
SCA
73
Salient Capital Advisors
Texas
$725K – – –
MTIM
74
Marathon Trading Investment Management
Pennsylvania
$721K -$335K -8,700 -30%
Barclays
75
Barclays
United Kingdom
$716K -$3.44M -89,265 -82%
1 2
3
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GDXJ Hedge Fund Activity: Q1 2014 in Review

143 of the 3,463 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.