Vault-13

VANECK ETF TRUST GDX

GOLD MINERS ETF · ETP · CUSIP 92189F106 · ISIN US92189F1066

798 institutional holders +19 vs Q1 2024
201,311,017201.3m shares reported held*
$6.8bnreported value*
99 new 228 added 278 reduced 78 sold out net sold ≈ $2.1bn (-59.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($8.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $33.83. Options: 79 managers hold calls ($4.8bn notional), 50 hold puts ($2.6bn).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 621Q4 22: 703Q1 23: 725Q2 23: 732Q3 23: 706Q4 23: 780Q1 24: 779Q2 24: 798798Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022621
Q4 2022703
Q1 2023725
Q2 2023732
Q3 2023706
Q4 2023780
Q1 2024779
Q2 2024798

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 350 bought or addedQ4 22: 272 cut or sold outQ4 22Q1 23: 340 bought or addedQ1 23: 309 cut or sold outQ2 23: 287 bought or addedQ2 23: 328 cut or sold outQ2 23Q3 23: 260 bought or addedQ3 23: 346 cut or sold outQ4 23: 376 bought or addedQ4 23: 288 cut or sold outQ4 23Q1 24: 328 bought or addedQ1 24: 364 cut or sold outQ2 24: 327 bought or addedQ2 24: 356 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022350272
Q1 2023340309
Q2 2023287328
Q3 2023260346
Q4 2023376288
Q1 2024328364
Q2 2024327356

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2bn$4bn$6bnQ3 23 calls: $3.3bnQ3 23 puts: $1.5bnQ3 23P/C 0.44Q4 23 calls: $4.9bnQ4 23 puts: $2.1bnQ4 23P/C 0.42Q1 24 calls: $4.4bnQ1 24 puts: $2.2bnQ1 24P/C 0.49Q2 24 calls: $4.8bnQ2 24 puts: $2.6bnQ2 24P/C 0.54
Numbers
QuarterCallsPutsP/C
Q3 2023$3.3bn$1.5bn0.44
Q4 2023$4.9bn$2.1bn0.42
Q1 2024$4.4bn$2.2bn0.49
Q2 2024$4.8bn$2.6bn0.54

Biggest buyers

NWI MANAGEMENT LP New +4,700,000+4.7m
TWO SIGMA ADVISERS, LP Added +2,046,900+2.0m
NATIONAL BANK OF CANADA /FI/ Added +1,842,885+1.8m
CITADEL ADVISORS LLC Added +1,697,758+1.7m
Strategic Financial Concepts, LLC Added +1,673,315+1.7m
JPMORGAN CHASE & CO Added +1,672,850+1.7m
CAPITAL FUND MANAGEMENT S.A. Added +1,302,677+1.3m
Ion Asset Management Ltd. New +1,078,255+1.1m
CREDIT AGRICOLE S A Added +703,662+703.7k
LPL Financial LLC Added +696,549+696.5k

Biggest sellers

MORGAN STANLEY Reduced -25,835,092-25.8m
JANE STREET GROUP, LLC Reduced -13,214,898-13.2m
BANK OF MONTREAL /CAN/ Reduced -5,840,907-5.8m
Slate Path Capital LP Reduced -4,295,000-4.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -3,835,845-3.8m
Caisse de depot et placement du Quebec Reduced -2,373,723-2.4m
CITIGROUP INC Reduced -2,034,838-2.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,778,255-1.8m
1832 Asset Management L.P. Reduced -1,722,067-1.7m
FIL Ltd Reduced -1,615,843-1.6m

Biggest calls

JANE STREET GROUP, LLC Reduced $868.8m7.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $659.7m19.4m shares
JPMORGAN CHASE & CO Added $533.1m2.5m shares
BARCLAYS PLC Added $318.8m9.4m shares
Optiver Holding B.V. Reduced $279.0m1.1m shares
IMC-Chicago, LLC Reduced $249.6m2.2m shares
CITADEL ADVISORS LLC Reduced $225.5m6.6m shares
Eisler Capital (UK) Ltd. Added $157.7m4.6m shares
Squarepoint Ops LLC Reduced $157.4m4.6m shares
UBS Group AG Reduced $131.2m3.9m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $373.1m11.0m shares
UBS Group AG Added $206.0m6.1m shares
CITADEL ADVISORS LLC Added $180.9m5.3m shares
Elliott Investment Management L.P. New $169.7m5.0m shares
BANK OF AMERICA CORP /DE/ Added $152.1m4.5m shares
Walleye Capital LLC Added $141.5m4.2m shares
Balyasny Asset Management L.P. Reduced $116.3m3.4m shares
ROYAL BANK OF CANADA Reduced $113.3m3.3m shares
CITIGROUP INC Added $104.5m3.1m shares
Squarepoint Ops LLC Added $103.3m3.0m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 18,467,52818.5m $626.6m $626.6m 0.03% Added +1.7m +1,672,850
2 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 18,207,87818.2m $617.8m $617.8m 0.05% Reduced -25.8m -25,835,092
3 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 18,048,04918.0m $612.4m $612.4m 0.06% Reduced -22.6k -22,553
4 BANK OF MONTREAL /CAN/ 0.11% of their portfolio TORONTO, A6 9,896,6919.9m $351.3m $351.3m 0.11% Reduced -5.8m -5,840,907
5 UBS Group AG 0.10% of their portfolio ZURICH, V8 9,486,5029.5m $321.9m $321.9m 0.10% Reduced -717.4k -717,409
6 Rafferty Asset Management, LLC 1.04% of their portfolio New York, NY 8,236,8918.2m $279.5m $279.5m 1.04% Reduced -1.4m -1,369,546
7 NWI MANAGEMENT LP 20.47% of their portfolio NEW YORK, NY 4,700,0004.7m $159.5m $159.5m 20.47% New
8 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 3,962,0474.0m $134.4m $134.4m 0.07% Added +696.5k +696,549
9 NATIONAL BANK OF CANADA /FI/ 0.21% of their portfolio MONTREAL, A8 3,913,2113.9m $132.6m $132.6m 0.21% Added +1.8m +1,842,885
10 Alaska Permanent Fund Corp 2.12% of their portfolio JUNEAU, AK 3,777,6363.8m $143.3m $143.3m 2.12% Reduced -162.7k -162,704
11 Slate Path Capital LP 2.58% of their portfolio New York, NY 3,750,0003.8m $127.2m $127.2m 2.58% Reduced -4.3m -4,295,000
12 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 3,657,0003.7m $124.1m $124.1m 0.03% Reduced -152.4k -152,427
13 TWO SIGMA INVESTMENTS, LP 0.27% of their portfolio NEW YORK, NY 3,318,3803.3m $112.6m $112.6m 0.27% Reduced -534.3k -534,340
14 JANE STREET GROUP, LLC 0.11% of their portfolio NEW YORK, NY 2,994,1583.0m $101.6m $101.6m 0.11% Reduced -13.2m -13,214,898
15 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,895,8542.9m $98.3m $98.3m 0.02% Reduced -1.2m -1,168,331
16 CITIGROUP INC 0.08% of their portfolio NEW YORK, NY 2,550,9652.6m $86.6m $86.6m 0.08% Reduced -2.0m -2,034,838
17 TWO SIGMA ADVISERS, LP 0.18% of their portfolio NEW YORK, NY 2,376,9002.4m $80.6m $80.6m 0.18% Added +2.0m +2,046,900
18 Capitolis Liquid Global Markets LLC 0.96% of their portfolio NEW YORK, NY 2,292,0002.3m $77.8m $77.8m 0.96% Reduced -1.0m -1,008,000
19 GLOBALT Investments LLC / GA 2.50% of their portfolio Atlanta, GA 1,847,7251.8m $62.7m $62.7m 2.50% Added +1.5k +1,537
20 Strategic Financial Concepts, LLC 0.03% of their portfolio SAN ANTONIO, TX 1,719,2101.7m $50.8k $50.8k 0.03% Added +1.7m +1,673,315
21 CITADEL ADVISORS LLC 0.06% of their portfolio MIAMI, FL 1,706,5411.7m $57.9m $57.9m 0.06% Added +1.7m +1,697,758
22 New Harbor Financial Group, LLC 19.15% of their portfolio WORCESTER, MA 1,694,9281.7m $57.5m $57.5m 19.15% Reduced -11.6k -11,574
23 CAPITAL FUND MANAGEMENT S.A. 0.61% of their portfolio PARIS, I0 1,581,1581.6m $53.6m $53.6m 0.61% Added +1.3m +1,302,677
24 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,560,8321.6m $53.0m $53.0m 0.01% Reduced -303.1k -303,144
25 WS MANAGEMENT LLLP 4.18% of their portfolio JACKSONVILLE, FL 1,314,1001.3m $44.6m $44.6m 4.18% Added +585.0k +585,000
26 1832 Asset Management L.P. 0.08% of their portfolio TORONTO, A6 1,298,6481.3m $44.1m $44.1m 0.08% Reduced -1.7m -1,722,067
27 BANK OF NOVA SCOTIA 0.08% of their portfolio TORONTO, A6 1,254,5001.3m $42.6m $42.6m 0.08% Added +524.2k +524,232
28 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 1,215,9431.2m $41.3m $41.3m 0.05% Added +130.0k +129,976
29 TEACHER RETIREMENT SYSTEM OF TEXAS 0.23% of their portfolio AUSTIN, TX 1,171,0001.2m $39.7m $39.7m 0.23% Added +570.0k +570,000
30 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 1,104,8571.1m $37.5m $37.5m 0.06% Added +179.9k +179,885
31 Vanderbilt University 7.71% of their portfolio NASHVILLE, TN 1,085,6301.1m $36.8m $36.8m 7.71% Reduced -296.5k -296,510
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio BALA CYNWYD, PA 1,082,7571.1m $36.7m $36.7m 0.06% Reduced -3.8m -3,835,845
33 Caisse de depot et placement du Quebec 0.09% of their portfolio Montreal, A8 1,078,5971.1m $36.6m $36.6m 0.09% Reduced -2.4m -2,373,723
34 Ion Asset Management Ltd. 2.44% of their portfolio Herzliya, L3 1,078,2551.1m $36.6m $36.6m 2.44% New
35 GARDA CAPITAL PARTNERS LP 18.20% of their portfolio WAYZATA, MN 1,000,0001.0m $33.9m $33.9m 18.20% Unchanged
36 CI INVESTMENTS INC. 0.13% of their portfolio TORONTO, Z4 970,929970.9k $32.9m $32.9m 0.13% Added +673.0k +673,045
37 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 933,338933.3k $31.7m $31.7m 0.03% Reduced -1.8m -1,778,255
38 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 923,771923.8k $31.3m $31.3m 0.04% Added +49.5k +49,523
39 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 906,354906.4k $30.8m $30.8m 0.07% Added +132.2k +132,172
40 STALEY CAPITAL ADVISERS INC 1.39% of their portfolio PITTSBURGH, PA 891,365891.4k $30.2m $30.2m 1.39% Added +50 +50
41 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 886,823886.8k $30.1m $30.1m 0.02% Reduced -170.8k -170,823
42 Valiant Capital Management, L.P. 3.12% of their portfolio San Francisco, CA 779,376779.4k $26.4m $26.4m 3.12% Reduced -166.1k -166,124
43 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 710,755710.8k $24.1m $24.1m 0.01% Reduced -124.6k -124,573
44 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 709,702709.7k $24.1m $24.1m 0.01% Reduced -31.3k -31,304
45 CREDIT AGRICOLE S A 0.15% of their portfolio Montrouge Cedex, I0 704,062704.1k $23.9m $23.9m 0.15% Added +703.7k +703,662
46 GROUP ONE TRADING LLC 0.73% of their portfolio CHICAGO, IL 681,438681.4k $23.1m $23.1m 0.73% Added +150.2k +150,163
47 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 670,429670.4k $22.7m $22.7m 0.08% Added +283.5k +283,515
48 Rockefeller Capital Management L.P. 0.06% of their portfolio NEW YORK, NY 658,500658.5k $22.3m $22.3m 0.06% Added +55.1k +55,110
49 Twin Tree Management, LP 0.64% of their portfolio DALLAS, TX 646,073646.1k $21.9m $21.9m 0.64% Reduced -595.1k -595,054
50 Panview Asian Equity Master Fund 5.48% of their portfolio CENTRAL, K3 640,000640.0k $21.7m $21.7m 5.48% Added +540.0k +540,000
51 Cadence Wealth Management LLC 14.91% of their portfolio WESTBOROUGH, MA 628,558628.6k $21.3m $21.3m 14.91% New
52 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 610,215610.2k $20.7m $20.7m 0.02% Added +510.0k +510,036
53 CIBC WORLD MARKET INC. 0.05% of their portfolio TORONTO, A6 595,526595.5k $20.2m $20.2m 0.05% Added +42.6k +42,574
54 Barry Investment Advisors, LLC 6.34% of their portfolio NEW BEDFORD, MA 555,006555.0k $18.8m $18.8m 6.34% Reduced -6.3k -6,266
55 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 554,827554.8k $18.8m $18.8m 0.02% Added +119.7k +119,674
56 Clearwater Capital Advisors, LLC 1.96% of their portfolio HOFFMAN ESTATES, IL 544,428544.4k $18.5m $18.5m 1.96% Reduced -14.5k -14,489
57 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.28% of their portfolio New York, NY 499,632499.6k $17.0m $17.0m 0.28% Reduced -2.9k -2,908
58 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 496,960497.0k $16.9m $16.9m 0.03% Reduced -6.2k -6,201
59 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 2.03% of their portfolio NEWPORT BEACH, CA 481,342481.3k $16.3m $16.3m 2.03% Added +451.2k +451,201
60 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 460,682460.7k $15.6m $15.6m 0.03% Reduced -13.8k -13,762
61 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 452,253452.3k $15.3m $15.3m 0.02% Added +52.7k +52,722
62 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 450,945450.9k $15.3m $15.3m 0.02% Reduced -1.6m -1,579,755
63 PCG Wealth Advisors, LLC 6.38% of their portfolio OVERLAND PARK, KS 432,400432.4k $14.7m $14.7m 6.38% Added +20.3k +20,316
64 CAPSTONE INVESTMENT ADVISORS, LLC 0.32% of their portfolio NEW YORK, NY 430,736430.7k $14.6m $14.6m 0.32% Added +422.8k +422,786
65 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 427,291427.3k $14.6m $14.6m 0.01% Added +381.8k +381,791
66 Kestra Advisory Services, LLC 0.08% of their portfolio AUSTIN, TX 416,632416.6k $14.1m $14.1m 0.08% Added +47.2k +47,222
67 AVALON CAPITAL MANAGEMENT 4.46% of their portfolio Port Of Redwood City, CA 414,571414.6k $14.1m $14.1m 4.46% Added +116.8k +116,791
68 Nokomis Capital, L.L.C. 6.47% of their portfolio DALLAS, TX 399,060399.1k $13.5m $13.5m 6.47% Reduced -47.8k -47,768
69 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 395,757395.8k $13.4m $13.4m 0.03% Reduced -128.3k -128,335
70 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 382,450382.4k $13.0m $13.0m 0.01% New
71 NewEdge Advisors, LLC 0.09% of their portfolio NEW ORLEANS, LA 368,727368.7k $12.5m $12.5m 0.09% Added +201.4k +201,375
72 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 351,632351.6k $11.9m $11.9m 0.04% Reduced -52.1k -52,099
73 EVERGREEN CAPITAL MANAGEMENT LLC 0.42% of their portfolio Bellevue, WA 340,476340.5k $11.6m $11.6m 0.42% Reduced -82.5k -82,480
74 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 338,284338.3k $11.5m $11.5m 0.00% Reduced -395.2k -395,186
75 CULTIVAR CAPITAL, INC. 9.55% of their portfolio DENTON, TX 336,170336.2k $11.4m $11.4m 9.55% Reduced -14.1k -14,081
76 FWL INVESTMENT MANAGEMENT, LLC 5.66% of their portfolio Dallas, TX 331,134331.1k $11.2m $11.2m 5.66% Added +18.6k +18,585
77 Quantitative Investment Management, LLC 1.22% of their portfolio CHARLOTTESVILLE, VA 330,787330.8k $11.2m $11.2m 1.22% Added +81.6k +81,646
78 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 318,521318.5k $10.8m $10.8m 0.07% Added +147.1k +147,086
79 Waverly Advisors, LLC 0.21% of their portfolio BIRMINGHAM, AL 316,231316.2k $10.7m $10.7m 0.21% Added +364 +364
80 Cambria Investment Management, L.P. 0.64% of their portfolio Manhattan Beach, CA 310,062310.1k $10.5m $10.5m 0.64% Added +294.3k +294,333
81 BLAIR WILLIAM & CO/IL 0.03% of their portfolio CHICAGO, IL 309,400309.4k $10.5m $10.5m 0.03% Added +5.0k +4,967
82 Versant Capital Management, Inc 2.64% of their portfolio PHOENIX, AZ 307,882307.9k $10.4m $10.4m 2.64% Added +57.7k +57,705
83 Claar Advisors LLC 3.28% of their portfolio NEW YORK, NY 301,000301.0k $10.2m $10.2m 3.28% Reduced -59.0k -59,000
84 Yong Rong (HK) Asset Management Ltd 3.52% of their portfolio SHEUNG WAN, K3 300,000300.0k $10.2m $10.2m 3.52% New
85 Eschler Asset Management LLP 7.46% of their portfolio London, X0 300,000300.0k $9.5m $9.5m 7.46% Reduced -16.7k -16,659
86 CW Advisors, LLC 0.16% of their portfolio BOSTON, MA 297,041297.0k $10.1m $10.1m 0.16% Reduced -812 -812
87 TUDOR INVESTMENT CORP ET AL 0.11% of their portfolio STAMFORD, CT 290,726290.7k $9.9m $9.9m 0.11% Added +62.1k +62,126
88 Walleye Trading LLC 0.19% of their portfolio NEW YORK, NY 289,971290.0k $9.8m $9.8m 0.19% Reduced -358.7k -358,665
89 U.S. Capital Wealth Advisors, LLC 0.37% of their portfolio AUSTIN, TX 285,874285.9k $9.7m $9.7m 0.37% Added +34.0k +34,007
90 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 285,236285.2k $9.7m $9.7m 0.02% Reduced -198.8k -198,775
91 Forest Hill Capital, LLC 7.82% of their portfolio LITTLE ROCK, AR 279,500279.5k $9.5m $9.5m 7.82% Unchanged
92 FMR LLC 0.00% of their portfolio BOSTON, MA 271,738271.7k $9.2m $9.2m 0.00% Reduced -8.7k -8,740
93 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 269,840269.8k $9.2m $9.2m 0.03% Added +186.4k +186,401
94 BRADLEY FOSTER & SARGENT INC/CT 0.16% of their portfolio HARTFORD, CT 261,269261.3k $8.9m $8.9m 0.16% Added +256 +256
95 MSH Capital Advisors LLC 2.91% of their portfolio SCOTTSDALE, AZ 256,490256.5k $8.7m $8.7m 2.91% Reduced -291 -291
96 KESTRA PRIVATE WEALTH SERVICES, LLC 0.17% of their portfolio AUSTIN, TX 252,330252.3k $8.6m $8.6m 0.17% Added +185.7k +185,744
97 SG Americas Securities, LLC 0.05% of their portfolio NEW YORK, NY 249,946249.9k $8.5m $8.5m 0.05% Added +124.6k +124,639
98 Whitcomb & Hess, Inc. 2.61% of their portfolio ASHLAND, OH 246,450246.4k $8.4m $8.4m 2.61% Added +1.4k +1,401
99 Pekin Hardy Strauss, Inc. 1.13% of their portfolio CHICAGO, IL 242,926242.9k $8.2m $8.2m 1.13% Added +665 +665
100 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 238,786238.8k $8.1m $8.1m 0.01% Added +235.8k +235,755