VanEck Junior Gold Miners ETF
GDXJ
446 hedge funds and large institutions have $4.65B invested in VanEck Junior Gold Miners ETF in 2025 Q4 according to their latest regulatory filings, with 99 funds opening new positions, 127 increasing their positions, 136 reducing their positions, and 46 closing their positions.
115% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 46
23% more capital invested
Capital invested by funds: $3.8B → $4.65B (+$856M)
18% more funds holding in top 10
Funds holding in top 10: 22 → 26 (+4)
12% more funds holding
Funds holding: 400 → 446 (+46)
3.36% more ownership
Funds ownership: 45.87% → 49.23% (+3.4%)
7% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 136
54% less call options, than puts
Call options by funds: $450M | Put options by funds: $983M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$140M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$135M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$121M |
| 4 |
NCM
Nearwater Capital Markets
Dublin 4, Dublin,
Ireland
|
+$80.6M |
| 5 |
JG
Jain Global
New York
|
+$52.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$196M |
| 2 |
Citigroup
New York
|
-$75.1M |
| 3 |
D.E. Shaw & Co
New York
|
-$58.4M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$55.8M |
| 5 |
Twin Tree Management
Dallas,
Texas
|
-$50.6M |
GDXJ Hedge Fund Activity: Q4 2025 in Review
446 of the 8,286 institutional investors tracked by Wall St. Rank reported a position in VanEck Junior Gold Miners ETF (GDXJ) for Q4 2025, worth a combined $4.65B — up 23% from $3.8B a quarter earlier.
Buyers outnumbered sellers: 99 funds opened new GDXJ positions and 46 closed out — a net gain of 53 holders — while 127 added to existing stakes and 136 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $140M. The largest seller was Invesco, exiting entirely with an estimated $196M sold.
- 446 institutional investors held VanEck Junior Gold Miners ETF (GDXJ) as of Q4 2025, up from 400 in Q3 2025.
- Funds reported $4.65B of VanEck Junior Gold Miners ETF stock for Q4 2025, up 23% quarter-over-quarter.
- 99 funds opened new VanEck Junior Gold Miners ETF positions in Q4 2025 and 46 closed out, a net change of +53 holders.
- The largest VanEck Junior Gold Miners ETF buyer in Q4 2025 was Susquehanna International Group, an estimated $140M added.
- The largest VanEck Junior Gold Miners ETF seller in Q4 2025 was Invesco, an estimated $196M sold.
Based on aggregated 13F filings for Q4 2025.