Vault-13

VANECK ETF TRUST GDXJ

JUNIOR GOLD MINE · ETP · CUSIP 92189F791 · ISIN US92189F7915

262 institutional holders -4 vs Q2 2023
56,906,68556.9m shares reported held*
$1.8bnreported value*
29 new 55 added 87 reduced 34 sold out net bought ≈ $188.7m (+5.9m 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 ($19.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $32.41. Options: 15 managers hold calls ($215.3m notional), 14 hold puts ($106.1m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 241Q4 22: 284Q1 23: 265Q2 23: 266Q3 23: 262262Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022241
Q4 2022284
Q1 2023265
Q2 2023266
Q3 2023262

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 141 bought or addedQ4 22: 98 cut or sold outQ4 22Q1 23: 111 bought or addedQ1 23: 127 cut or sold outQ1 23Q2 23: 108 bought or addedQ2 23: 102 cut or sold outQ2 23Q3 23: 84 bought or addedQ3 23: 121 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 202214198
Q1 2023111127
Q2 2023108102
Q3 202384121

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ4 22 calls: $290.2mQ4 22 puts: $120.0mQ4 22P/C 0.41Q1 23 calls: $197.6mQ1 23 puts: $94.0mQ1 23P/C 0.48Q2 23 calls: $219.0mQ2 23 puts: $72.1mQ2 23P/C 0.33Q3 23 calls: $215.3mQ3 23 puts: $106.1mQ3 23P/C 0.49
Numbers
QuarterCallsPutsP/C
Q4 2022$290.2m$120.0m0.41
Q1 2023$197.6m$94.0m0.48
Q2 2023$219.0m$72.1m0.33
Q3 2023$215.3m$106.1m0.49

Biggest buyers

TORONTO DOMINION BANK Added +3,376,172+3.4m
CITIGROUP INC Added +2,170,733+2.2m
Alaska Permanent Fund Corp Added +1,451,064+1.5m
Rafferty Asset Management, LLC Added +901,115+901.1k
UBS Group AG Added +883,302+883.3k
BANK OF MONTREAL /CAN/ Added +802,924+802.9k
HRT FINANCIAL LP Added +798,352+798.4k
MORGAN STANLEY Added +708,038+708.0k
JPMORGAN CHASE & CO Added +574,567+574.6k
CITADEL ADVISORS LLC Added +560,066+560.1k

Biggest sellers

JANE STREET GROUP, LLC Reduced -3,991,084-4.0m
TEACHER RETIREMENT SYSTEM OF TEXAS Reduced -665,000-665.0k
TWO SIGMA INVESTMENTS, LP Reduced -530,000-530.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -425,343-425.3k
BANK OF AMERICA CORP /DE/ Reduced -424,164-424.2k
LMR Partners LLP Sold out -349,272-349.3k
SUN VALLEY GOLD LLC Reduced -293,000-293.0k
AMERIPRISE FINANCIAL INC Reduced -249,994-250.0k
Quantitative Investment Management, LLC Sold out -227,256-227.3k
TWO SIGMA ADVISERS, LP Reduced -186,700-186.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $118.5m3.7m shares
CITADEL ADVISORS LLC Added $36.7m1.1m shares
Squarepoint Ops LLC Unchanged $16.7m516.7k shares
BANK OF MONTREAL /CAN/ Unchanged $12.6m351.3k shares
PEAK6 Investments LLC Reduced $6.5m200.6k shares
Jefferies Financial Group Inc. Unchanged $6.4m200.0k shares
RAYMOND JAMES & ASSOCIATES Added $6.0m120.4k shares
Walleye Trading LLC Added $4.7m144.9k shares
GTS SECURITIES LLC New $3.4m106.7k shares
Nokomis Capital, L.L.C. Reduced $3.2m100.7k shares

Biggest puts

CITADEL ADVISORS LLC Added $33.2m1.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $23.6m732.6k shares
ROYAL BANK OF CANADA New $16.1m500.0k shares
GTS SECURITIES LLC New $11.0m342.4k shares
Walleye Trading LLC Added $7.9m246.1k shares
Monaco Asset Management SAM New $3.2m100.0k shares
Squarepoint Ops LLC Unchanged $2.6m80.0k shares
Balyasny Asset Management L.P. Added $2.4m75.0k shares
K2 PRINCIPAL FUND, L.P. New $1.6m50.0k shares
PEAK6 Investments LLC New $1.6m50.0k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Alaska Permanent Fund Corp 3.81% of their portfolio JUNEAU, AK 6,275,4596.3m $202.3m $202.3m 3.81% Added +1.5m +1,451,064
2 TORONTO DOMINION BANK 0.17% of their portfolio TORONTO, ONTARIO, A6 6,208,1746.2m $200.1m $200.1m 0.17% Added +3.4m +3,376,172
3 CITIGROUP INC 0.21% of their portfolio NEW YORK, NY 4,464,5264.5m $143.9m $143.9m 0.21% Added +2.2m +2,170,733
4 Rafferty Asset Management, LLC 0.80% of their portfolio New York, NY 4,234,6504.2m $136.5m $136.5m 0.80% Added +901.1k +901,115
5 Slate Path Capital LP 2.97% of their portfolio New York, NY 3,305,0003.3m $106.5m $106.5m 2.97% Added +240.0k +240,000
6 Lingotto Investment Management LLP 5.42% of their portfolio London, X0 3,136,2133.1m $101.1m $101.1m 5.42% Unchanged
7 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 2,919,4492.9m $104.5m $104.5m 0.04% Added +802.9k +802,924
8 BESSEMER GROUP INC 0.20% of their portfolio WOODBRIDGE, NJ 2,846,6502.8m $91.7m $91.7m 0.20% Unchanged
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,350,4372.4m $75.8m $75.8m 0.01% Added +708.0k +708,038
10 HRT FINANCIAL LP 0.67% of their portfolio NEW YORK, NY 2,011,6612.0m $64.8m $64.8m 0.67% Added +798.4k +798,352
11 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,564,2051.6m $50.4m $50.4m 0.02% Added +883.3k +883,302
12 BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio PARIS, I0 1,062,5231.1m $34.2m $34.2m 0.08% Reduced -138.7k -138,692
13 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 995,738995.7k $32.1m $32.1m 0.03% Added +560.1k +560,066
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 844,744844.7k $27.2m $27.2m 0.00% Reduced -424.2k -424,164
15 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 790,788790.8k $25.5m $25.5m 0.01% Reduced -125.6k -125,552
16 Heartwood Wealth Advisors LLC 3.05% of their portfolio RICHMOND, VA 641,572641.6k $20.7m $20.7m 3.05% Added +10.0k +10,004
17 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 600,892600.9k $19.4m $19.4m 0.01% Added +23.9k +23,940
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 593,795593.8k $19.1m $19.1m 0.00% Added +574.6k +574,567
19 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 565,068565.1k $18.2m $18.2m 0.03% Reduced -4.0m -3,991,084
20 CQS (US), LLC 1.59% of their portfolio NEW YORK, NY 419,500419.5k $13.5m $13.5m 1.59% Unchanged
21 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 416,109416.1k $12.9m $12.9m 0.02% Added +63.7k +63,662
22 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 397,152397.2k $12.8m $12.8m 0.01% Reduced -87.8k -87,840
23 Jump Financial, LLC 0.40% of their portfolio Chicago, IL 333,739333.7k $10.8m $10.8m 0.40% New
24 ROYCE & ASSOCIATES LP 0.11% of their portfolio New York, NY 331,926331.9k $10.7m $10.7m 0.11% Unchanged
25 Twin Tree Management, LP 0.36% of their portfolio DALLAS, TX 328,906328.9k $10.6m $10.6m 0.36% Added +176.9k +176,908
26 Valiant Capital Management, L.P. 1.23% of their portfolio San Francisco, CA 318,300318.3k $10.3m $10.3m 1.23% Unchanged
27 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 303,763303.8k $9.8m $9.8m 0.03% Added +299.1k +299,133
28 Cetera Advisor Networks LLC 0.06% of their portfolio EL SEGUNDO, CA 291,483291.5k $9.4m $9.4m 0.06% Added +194.4k +194,359
29 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 286,849286.8k $9.2m $9.2m 0.02% Added +62.9k +62,863
30 Vanderbilt University 2.38% of their portfolio NASHVILLE, TN 285,600285.6k $9.2m $9.2m 2.38% New
31 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 278,855278.9k $9.0m $9.0m 0.01% Reduced -3.2k -3,228
32 TEACHER RETIREMENT SYSTEM OF TEXAS 0.06% of their portfolio AUSTIN, TX 272,500272.5k $8.8m $8.8m 0.06% Reduced -665.0k -665,000
33 Eschler Asset Management LLP 9.99% of their portfolio London, X0 265,550265.6k $8.6m $8.6m 9.99% Reduced -34.5k -34,450
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 254,121254.1k $8.2m $8.2m 0.01% Reduced -425.3k -425,343
35 SUN VALLEY GOLD LLC 7.91% of their portfolio Sun Valley, ID 247,900247.9k $8.0m $8.0m 7.91% Reduced -293.0k -293,000
36 Municipal Employees' Retirement System of Michigan 0.10% of their portfolio LANSING, MI 234,159234.2k $7.5m $7.5m 0.10% Unchanged
37 GTS SECURITIES LLC 0.15% of their portfolio NEW YORK, NY 227,808227.8k $7.3m $7.3m 0.15% Added +67.6k +67,649
38 Walleye Trading LLC 0.17% of their portfolio NEW YORK, NY 223,380223.4k $7.2m $7.2m 0.17% Added +123.5k +123,454
39 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 206,600206.6k $6.7m $6.7m 0.02% Reduced -186.7k -186,700
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 198,353198.4k $6.4m $6.4m 0.00% Reduced -1.4k -1,395
41 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 195,363195.4k $6.3m $6.3m 0.01% Reduced -61.1k -61,106
42 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 165,984166.0k $5.3m $5.3m 0.01% Reduced -5.9k -5,882
43 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 165,700165.7k $5.3m $5.3m 0.01% Reduced -530.0k -530,000
44 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 140,313140.3k $4.5m $4.5m 0.02% New
45 Ballew Advisors, Inc 3.40% of their portfolio Jackson, MS 133,979134.0k $4.1m $4.1m 3.40% Added +823 +823
46 LONESTAR CAPITAL MANAGEMENT LLC 2.72% of their portfolio San Francisco, CA 130,000130.0k $4.2m $4.2m 2.72% Reduced -95.0k -95,000
47 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 124,078124.1k $4.0m $4.0m 0.01% Reduced -68.1k -68,088
48 Cutler Group LLC / CA 0.57% of their portfolio SAN FRANCISCO, CA 110,377110.4k $3.6m $3.6m 0.57% Added +59.0k +58,977
49 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 108,146108.1k $3.5m $3.5m 0.01% Reduced -5.2k -5,178
50 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 106,520106.5k $3.4m $3.4m 0.00% Reduced -6.2k -6,239
51 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 97,25197.3k $3.1m $3.1m 0.00% Reduced -250.0k -249,994
52 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 93,76793.8k $3.0m $3.0m 0.00% Reduced -16.3k -16,291
53 SIMPLEX TRADING, LLC 0.11% of their portfolio CHICAGO, IL 91,87991.9k $3.0m $3.0m 0.11% Reduced -53.8k -53,792
54 Nokomis Capital, L.L.C. 1.09% of their portfolio DALLAS, TX 86,51586.5k $2.8m $2.8m 1.09% Unchanged
55 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 84,27184.3k $2.7m $2.7m 0.00% Reduced -23.9k -23,940
56 CHELSEA COUNSEL CO 1.40% of their portfolio Woodland Hills, CA 84,17084.2k $2.7m $2.7m 1.40% Reduced -80 -80
57 Sigma Planning Corp 0.10% of their portfolio ANN ARBOR, MI 81,07581.1k $2.6m $2.6m 0.10% Reduced -1.8k -1,797
58 New Harbor Financial Group, LLC 1.04% of their portfolio WORCESTER, MA 80,53380.5k $2.6m $2.6m 1.04% Added +100 +100
59 BARD ASSOCIATES INC 1.05% of their portfolio CHICAGO, IL 78,72478.7k $2.5m $2.5m 1.05% Reduced -260 -260
60 Kercheville Advisors, LLC 1.58% of their portfolio San Antonio, TX 77,25177.3k $2.5m $2.5m 1.58% Reduced -100 -100
61 Amundi 0.00% of their portfolio Paris, I0 75,00075.0k $2.5m $2.5m 0.00% Unchanged
62 Bridge Advisory, LLC 0.83% of their portfolio PASADENA, CA 73,38673.4k $2.4m $2.4m 0.83% Reduced -1.2k -1,211
63 SMITH, MOORE & CO. 0.30% of their portfolio CLAYTON, MO 70,38970.4k $2.3m $2.3m 0.30% Reduced -290 -290
64 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 62,41562.4k $2.0m $2.0m 0.00% Reduced -15.4k -15,416
65 HOLLENCREST CAPITAL MANAGEMENT 0.23% of their portfolio NEWPORT BEACH, CA 62,34562.3k $2.0m $2.0m 0.23% Added +500 +500
66 Simplicity Solutions, LLC 0.06% of their portfolio MINNEAPOLIS, MN 59,68159.7k $1.9m $1.9m 0.06% Added +4.0k +3,951
67 Bleakley Financial Group, LLC 0.07% of their portfolio PARSIPPANY, NJ 59,68159.7k $1.9m $1.9m 0.07% Added +4.0k +3,951
68 Main Street Financial Solutions, LLC 0.26% of their portfolio NEWTOWN, PA 56,97057.0k $1.8m $1.8m 0.26% Reduced -3.4k -3,405
69 Atlantic Union Bankshares Corp 0.18% of their portfolio GLEN ALLEN, VA 55,46355.5k $1.8m $1.8m 0.18% Unchanged
70 NWAM LLC 0.18% of their portfolio MERCER ISLAND, WA 54,66654.7k $1.8m $1.8m 0.18% Reduced -5.0k -4,975
71 Brevan Howard Capital Management LP 0.51% of their portfolio ST. HELIER, Y9 53,56653.6k $1.7m $1.7m 0.51% Unchanged
72 Knoll Capital Management, LLC 1.78% of their portfolio MIAMI, FL 53,15053.1k $1.7m $1.7m 1.78% Unchanged
73 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 51,30651.3k $1.6m $1.6m 0.00% Reduced -11.9k -11,927
74 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 50,90650.9k $1.6m $1.6m 0.00% Reduced -1.1k -1,120
75 K.J. Harrison & Partners Inc 0.36% of their portfolio TORONTO, A6 50,13850.1k $1.6m $1.6m 0.36% Added +5.0k +5,000
76 DCF Advisers, LLC 1.12% of their portfolio MOUNT PLEASANT, SC 50,00050.0k $1.6m $1.6m 1.12% Unchanged
77 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 49,80049.8k $1.6m $1.6m 0.00% Reduced -45.4k -45,400
78 Arete Wealth Advisors, LLC 0.26% of their portfolio CHICAGO, IL 46,93046.9k $1.5m $1.5m 0.26% Reduced -2.5k -2,532
79 MONEY CONCEPTS CAPITAL CORP 0.15% of their portfolio PALM BEACH GARDENS, FL 43,68743.7k $1.4m $1.4m 0.15% Added +1.3k +1,257
80 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 42,77942.8k $1.4m $1.4m 0.00% Added +20.2k +20,223
81 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 41,66541.7k $1.3m $1.3m 0.01% Added +10.3k +10,270
82 EASTERLY INVESTMENT PARTNERS LLC 0.14% of their portfolio BEVERLY, MA 40,69240.7k $1.3m $1.3m 0.14% Added +2.6k +2,600
83 MOON CAPITAL MANAGEMENT LP 1.58% of their portfolio NEW YORK, NY 40,62740.6k $1.3m $1.3m 1.58% Unchanged
84 ONE PLUS ONE WEALTH MANAGEMENT, LLC 0.85% of their portfolio JUPITER, FL 40,39140.4k $1.3m $1.3m 0.85% Added +1.6k +1,649
85 PHILADELPHIA TRUST CO 0.13% of their portfolio PHILADELPHIA, PA 40,12540.1k $1.3m $1.3m 0.13% Reduced -3.0k -2,956
86 LEVEL FOUR ADVISORY SERVICES, LLC 0.08% of their portfolio DALLAS, TX 40,10340.1k $1.3m $1.3m 0.08% Reduced -754 -754
87 BOSTON FINANCIAL MANGEMENT LLC 0.05% of their portfolio BOSTON, MA 39,20039.2k $1.3m $1.3m 0.05% Unchanged
88 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 38,45938.5k $1.2m $1.2m 0.00% Reduced -7.3k -7,346
89 OneDigital Investment Advisors LLC 0.03% of their portfolio OVERLAND PARK, KS 37,39237.4k $1.2m $1.2m 0.03% Reduced -1.4k -1,416
90 INSIGNEO ADVISORY SERVICES, LLC 0.24% of their portfolio MIAMI, FL 36,29736.3k $1.2m $1.2m 0.24% Added +4.4k +4,400
91 West Family Investments, Inc. 0.39% of their portfolio CARLSBAD, CA 34,50034.5k $1.1m $1.1m 0.39% Unchanged
92 HORIZON KINETICS ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 33,26933.3k $1.1m $1.1m 0.02% Reduced -3.9k -3,949
93 ESSEX INVESTMENT MANAGEMENT CO LLC 0.17% of their portfolio BOSTON, MA 32,66532.7k $1.1m $1.1m 0.17% Reduced -6.0k -5,963
94 RIA Advisory Group LLC 0.46% of their portfolio Des Moines, IA 31,62031.6k $1.0m $1.0m 0.46% Added +10.4k +10,445
95 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 31,43531.4k $1.0m $1.0m 0.01% Reduced -312 -312
96 CI INVESTMENTS INC. 0.01% of their portfolio TORONTO, Z4 31,00031.0k $999.0k $999.0k 0.01% Unchanged
97 Realta Investment Advisors 0.25% of their portfolio WILMINGTON, DE 30,85030.9k $1.1m $1.1m 0.25% Unchanged
98 EVERGREEN CAPITAL MANAGEMENT LLC 0.04% of their portfolio Bellevue, WA 30,47030.5k $982.1k $982.1k 0.04% Added +4.4k +4,380
99 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 29,26829.3k $943.3k $943.3k 0.00% New
100 Prospera Financial Services Inc 0.04% of their portfolio Dallas, TX 28,73728.7k $926.2k $926.2k 0.04% Unchanged