Vault-13

VANECK ETF TRUST GDXJ

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

305 institutional holders +43 vs Q3 2023
59,559,50659.6m shares reported held*
$2.3bnreported value*
52 new 82 added 87 reduced 26 sold out net bought ≈ $61.5m (+1.6m 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.97. Options: 29 managers hold calls ($882.2m notional), 22 hold puts ($192.0m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 241Q4 22: 284Q1 23: 265Q2 23: 266Q3 23: 262Q4 23: 305305Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022241
Q4 2022284
Q1 2023265
Q2 2023266
Q3 2023262
Q4 2023305

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 23Q4 23: 134 bought or addedQ4 23: 113 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202214198
Q1 2023111127
Q2 2023108102
Q3 202384121
Q4 2023134113

Calls vs puts

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

CallsPuts
$0$250m$500m$750m$1bnQ1 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 0.49Q4 23 calls: $882.2mQ4 23 puts: $192.0mQ4 23P/C 0.22
Numbers
QuarterCallsPutsP/C
Q1 2023$197.6m$94.0m0.48
Q2 2023$219.0m$72.1m0.33
Q3 2023$215.3m$106.1m0.49
Q4 2023$882.2m$192.0m0.22

Biggest buyers

JPMORGAN CHASE & CO Added +2,313,333+2.3m
MORGAN STANLEY Added +1,900,163+1.9m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,118,277+1.1m
GARDA CAPITAL PARTNERS LP New +1,036,000+1.0m
Twin Tree Management, LP Added +852,264+852.3k
UBS Group AG Added +761,552+761.6k
JANE STREET GROUP, LLC Added +698,775+698.8k
Alaska Permanent Fund Corp Added +661,461+661.5k
Cadence Wealth Management LLC New +349,572+349.6k
Yong Rong (HK) Asset Management Ltd New +300,000+300.0k

Biggest sellers

TORONTO DOMINION BANK Reduced -3,236,833-3.2m
Rafferty Asset Management, LLC Reduced -1,573,342-1.6m
HRT FINANCIAL LP Reduced -1,483,689-1.5m
CITIGROUP INC Reduced -1,018,094-1.0m
BANK OF AMERICA CORP /DE/ Reduced -556,884-556.9k
CITADEL ADVISORS LLC Reduced -405,298-405.3k
BNP PARIBAS FINANCIAL MARKETS Reduced -332,600-332.6k
Valiant Capital Management, L.P. Sold out -318,300-318.3k
Qube Research & Technologies Ltd Reduced -289,833-289.8k
Jump Financial, LLC Reduced -284,209-284.2k

Biggest calls

Rokos Capital Management LLP New $341.2m9.0m shares
CITIGROUP INC New $269.9m7.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $127.7m3.4m shares
CITADEL ADVISORS LLC Reduced $40.5m1.1m shares
Squarepoint Ops LLC Unchanged $19.6m516.7k shares
PEAK6 Investments LLC Added $17.1m450.0k shares
WOLVERINE TRADING, LLC New $11.3m297.0k shares
Verition Fund Management LLC New $9.1m239.1k shares
BANK OF MONTREAL /CAN/ Reduced $7.9m201.3k shares
Jefferies Financial Group Inc. Unchanged $7.6m200.0k shares

Biggest puts

CITIGROUP INC New $48.5m1.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $40.8m1.1m shares
CITADEL ADVISORS LLC Reduced $37.6m991.4k shares
GTS SECURITIES LLC Added $16.4m433.2k shares
Verition Fund Management LLC New $12.2m321.1k shares
MARSHALL WACE, LLP Added $7.3m191.3k shares
Walleye Trading LLC Reduced $7.0m185.1k shares
WOLVERINE TRADING, LLC New $5.1m135.0k shares
PEAK6 Investments LLC Added $4.0m104.6k shares
Squarepoint Ops LLC Unchanged $3.0m80.0k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Alaska Permanent Fund Corp 4.34% of their portfolio JUNEAU, AK 6,936,9206.9m $263.0m $263.0m 4.34% Added +661.5k +661,461
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,250,6004.3m $161.1m $161.1m 0.01% Added +1.9m +1,900,163
3 CITIGROUP INC 0.17% of their portfolio NEW YORK, NY 3,446,4323.4m $130.7m $130.7m 0.17% Reduced -1.0m -1,018,094
4 Slate Path Capital LP 2.78% of their portfolio New York, NY 3,305,0003.3m $125.3m $125.3m 2.78% Unchanged
5 Lingotto Investment Management LLP 6.02% of their portfolio London, X0 3,297,2133.3m $125.0m $125.0m 6.02% Added +161.0k +161,000
6 TORONTO DOMINION BANK 0.16% of their portfolio TORONTO, ONTARIO, A6 2,971,3413.0m $112.6m $112.6m 0.16% Reduced -3.2m -3,236,833
7 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,907,1282.9m $110.2m $110.2m 0.01% Added +2.3m +2,313,333
8 BESSEMER GROUP INC 0.21% of their portfolio WOODBRIDGE, NJ 2,846,6502.8m $107.9m $107.9m 0.21% Unchanged
9 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 2,755,5522.8m $108.7m $108.7m 0.04% Reduced -163.9k -163,897
10 Rafferty Asset Management, LLC 0.43% of their portfolio New York, NY 2,661,3082.7m $100.9m $100.9m 0.43% Reduced -1.6m -1,573,342
11 UBS Group AG 0.04% of their portfolio ZURICH, V8 2,325,7572.3m $88.2m $88.2m 0.04% Added +761.6k +761,552
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio BALA CYNWYD, PA 1,372,3981.4m $52.0m $52.0m 0.09% Added +1.1m +1,118,277
13 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 1,263,8431.3m $47.9m $47.9m 0.06% Added +698.8k +698,775
14 Twin Tree Management, LP 0.81% of their portfolio DALLAS, TX 1,181,1701.2m $44.8m $44.8m 0.81% Added +852.3k +852,264
15 GARDA CAPITAL PARTNERS LP 19.99% of their portfolio WAYZATA, MN 1,036,0001.0m $39.3m $39.3m 19.99% New
16 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 834,136834.1k $31.6m $31.6m 0.01% Added +233.2k +233,244
17 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 729,923729.9k $27.7m $27.7m 0.05% Reduced -332.6k -332,600
18 Heartwood Wealth Advisors LLC 3.29% of their portfolio RICHMOND, VA 652,547652.5k $24.7m $24.7m 3.29% Added +11.0k +10,975
19 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 604,804604.8k $22.9m $22.9m 0.01% Reduced -186.0k -185,984
20 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 590,440590.4k $22.4m $22.4m 0.02% Reduced -405.3k -405,298
21 HRT FINANCIAL LP 0.15% of their portfolio NEW YORK, NY 527,972528.0k $20.0m $20.0m 0.15% Reduced -1.5m -1,483,689
22 Cetera Advisor Networks LLC 0.10% of their portfolio EL SEGUNDO, CA 478,927478.9k $18.2m $18.2m 0.10% Added +187.4k +187,444
23 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 444,023444.0k $16.8m $16.8m 0.01% Added +46.9k +46,871
24 ROYCE & ASSOCIATES LP 0.15% of their portfolio New York, NY 431,926431.9k $16.4m $16.4m 0.15% Added +100.0k +100,000
25 THOR INVESTMENT MANAGEMENT INC /OH/ /ADV 14.00% of their portfolio CINCINNATI, OH 423,356423.4k $16.0m $16.0m 14.00% First filing
26 CQS (US), LLC 1.74% of their portfolio NEW YORK, NY 419,500419.5k $15.9m $15.9m 1.74% Unchanged
27 Cadence Wealth Management LLC 10.40% of their portfolio WESTBOROUGH, MA 349,572349.6k $13.3m $13.3m 10.40% New
28 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 334,182334.2k $12.4m $12.4m 0.02% Reduced -81.9k -81,927
29 Corecam Pte. Ltd. 13.21% of their portfolio SINGAPORE, U0 319,100319.1k $12.1m $12.1m 13.21% First filing
30 Yong Rong (HK) Asset Management Ltd 4.27% of their portfolio SHEUNG WAN, K3 300,000300.0k $11.4m $11.4m 4.27% New
31 Eschler Asset Management LLP 9.02% of their portfolio London, X0 300,000300.0k $11.4m $11.4m 9.02% Added +34.5k +34,450
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 287,860287.9k $10.9m $10.9m 0.00% Reduced -556.9k -556,884
33 Vanderbilt University 2.73% of their portfolio NASHVILLE, TN 287,600287.6k $10.9m $10.9m 2.73% Added +2.0k +2,000
34 TEACHER RETIREMENT SYSTEM OF TEXAS 0.07% of their portfolio AUSTIN, TX 272,500272.5k $10.3m $10.3m 0.07% Unchanged
35 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 264,719264.7k $10.0m $10.0m 0.01% Added +221.9k +221,940
36 GTS SECURITIES LLC 0.21% of their portfolio NEW YORK, NY 258,940258.9k $9.8m $9.8m 0.21% Added +31.1k +31,132
37 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 254,394254.4k $9.6m $9.6m 0.02% Added +243.9k +243,884
38 Municipal Employees' Retirement System of Michigan 0.12% of their portfolio LANSING, MI 234,159234.2k $8.9m $8.9m 0.12% Unchanged
39 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 228,620228.6k $8.7m $8.7m 0.01% Reduced -50.2k -50,235
40 Monaco Asset Management SAM 3.16% of their portfolio Monaco, O9 217,000217.0k $8.2m $8.2m 3.16% New
41 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 207,978208.0k $7.9m $7.9m 0.01% Reduced -78.9k -78,871
42 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 184,180184.2k $7.0m $7.0m 0.02% Added +18.5k +18,480
43 TB Alternative Assets Ltd. 1.72% of their portfolio HONG KONG, K3 169,900169.9k $6.4m $6.4m 1.72% New
44 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 167,242167.2k $6.3m $6.3m 0.00% Added +70.0k +69,991
45 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 144,327144.3k $5.5m $5.5m 0.00% Reduced -54.0k -54,026
46 Ballew Advisors, Inc 3.71% of their portfolio Jackson, MS 142,266142.3k $4.9m $4.9m 3.71% Added +8.3k +8,287
47 Fielder Capital Group LLC 3.10% of their portfolio NASHVILLE, TN 135,379135.4k $5.1m $5.1m 3.10% First filing
48 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 135,207135.2k $5.1m $5.1m 0.00% Reduced -60.2k -60,156
49 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 125,778125.8k $4.8m $4.8m 0.01% Added +63.4k +63,363
50 SIMPLEX TRADING, LLC 0.14% of their portfolio CHICAGO, IL 121,805121.8k $4.6m $4.6m 0.14% Added +29.9k +29,926
51 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 121,355121.4k $4.6m $4.6m 0.01% Reduced -44.6k -44,629
52 Banco BTG Pactual S.A. 1.01% of their portfolio RIO DE JANEIRO, D5 117,100117.1k $4.5m $4.5m 1.01% New
53 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 114,492114.5k $4.3m $4.3m 0.01% Reduced -9.6k -9,586
54 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 111,300111.3k $4.2m $4.2m 0.01% Reduced -95.3k -95,300
55 Walleye Trading LLC 0.06% of their portfolio NEW YORK, NY 110,595110.6k $4.2m $4.2m 0.06% Reduced -112.8k -112,785
56 Anthracite Investment Company, Inc. 2.69% of their portfolio FORT WORTH, TX 110,000110.0k $4.2m $4.2m 2.69% First filing
57 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 101,948101.9k $3.9m $3.9m 0.01% Reduced -6.2k -6,198
58 Nokomis Capital, L.L.C. 1.48% of their portfolio DALLAS, TX 101,615101.6k $3.9m $3.9m 1.48% Added +15.1k +15,100
59 LONESTAR CAPITAL MANAGEMENT LLC 2.77% of their portfolio San Francisco, CA 100,000100.0k $3.8m $3.8m 2.77% Reduced -30.0k -30,000
60 Millburn Ridgefield LLC /DE/ 0.12% of their portfolio New York, NY 99,12599.1k $3.8m $3.8m 0.12% New
61 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 86,71086.7k $3.3m $3.3m 0.00% Added +2.4k +2,439
62 New Harbor Financial Group, LLC 1.43% of their portfolio WORCESTER, MA 85,31485.3k $3.2m $3.2m 1.43% Added +4.8k +4,781
63 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 84,85084.8k $3.2m $3.2m 0.00% Reduced -21.7k -21,670
64 Parallax Volatility Advisers, L.P. 0.09% of their portfolio San Francisco, CA 84,58884.6k $3.2m $3.2m 0.09% New
65 Cutler Group LLC / CA 0.44% of their portfolio SAN FRANCISCO, CA 83,87683.9k $3.2m $3.2m 0.44% Reduced -26.5k -26,501
66 BARD ASSOCIATES INC 1.12% of their portfolio CHICAGO, IL 78,09778.1k $3.0m $3.0m 1.12% Reduced -627 -627
67 HOLLENCREST CAPITAL MANAGEMENT 0.28% of their portfolio NEWPORT BEACH, CA 77,02577.0k $2.9m $2.9m 0.28% Added +14.7k +14,680
68 Tejara Capital Ltd 1.22% of their portfolio London, X0 76,90076.9k $2.9m $2.9m 1.22% New
69 Kercheville Advisors, LLC 1.61% of their portfolio San Antonio, TX 75,45175.5k $2.9m $2.9m 1.61% Reduced -1.8k -1,800
70 Amundi 0.00% of their portfolio Paris, I0 75,00075.0k $2.7m $2.7m 0.00% Unchanged
71 Bridge Advisory, LLC 1.40% of their portfolio PASADENA, CA 73,60973.6k $2.8m $2.8m 1.40% Added +223 +223
72 CHELSEA COUNSEL CO 1.48% of their portfolio Woodland Hills, CA 73,52073.5k $2.8m $2.8m 1.48% Reduced -10.7k -10,650
73 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 73,14273.1k $2.8m $2.8m 0.00% Reduced -20.6k -20,625
74 SMITH, MOORE & CO. 0.31% of their portfolio CLAYTON, MO 70,34170.3k $2.7m $2.7m 0.31% Reduced -48 -48
75 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 70,02370.0k $2.7m $2.7m 0.00% Added +18.7k +18,717
76 CAXTON ASSOCIATES LP 0.12% of their portfolio NEW YORK, NY 63,03563.0k $2.4m $2.4m 0.12% New
77 Quantitative Investment Management, LLC 0.13% of their portfolio CHARLOTTESVILLE, VA 60,64660.6k $2.3m $2.3m 0.13% New
78 Simplicity Solutions, LLC 0.06% of their portfolio MINNEAPOLIS, MN 58,64258.6k $2.2m $2.2m 0.06% Reduced -1.0k -1,039
79 Bleakley Financial Group, LLC 0.07% of their portfolio PARSIPPANY, NJ 58,64258.6k $2.2m $2.2m 0.07% Reduced -1.0k -1,039
80 IHT Wealth Management, LLC 0.10% of their portfolio Chicago, IL 56,34956.3k $2.1m $2.1m 0.10% Added +36.7k +36,691
81 Atlantic Union Bankshares Corp 0.19% of their portfolio GLEN ALLEN, VA 55,46355.5k $2.1m $2.1m 0.19% Unchanged
82 Main Street Financial Solutions, LLC 0.27% of their portfolio NEWTOWN, PA 54,57054.6k $2.1m $2.1m 0.27% Reduced -2.4k -2,400
83 Knoll Capital Management, LLC 1.67% of their portfolio MIAMI, FL 53,15053.1k $2.0m $2.0m 1.67% Unchanged
84 K.J. Harrison & Partners Inc 0.34% of their portfolio TORONTO, A6 53,14853.1k $2.0m $2.0m 0.34% Added +3.0k +3,010
85 Arete Wealth Advisors, LLC 0.15% of their portfolio CHICAGO, IL 51,56951.6k $2.0m $2.0m 0.15% Added +4.6k +4,639
86 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 50,90650.9k $1.9m $1.9m 0.00% Unchanged
87 ARDSLEY ADVISORY PARTNERS LP 0.41% of their portfolio Norwalk, CT 50,00050.0k $1.9m $1.9m 0.41% New
88 Jump Financial, LLC 0.06% of their portfolio Chicago, IL 49,53049.5k $1.9m $1.9m 0.06% Reduced -284.2k -284,209
89 Canoe Financial LP 0.04% of their portfolio CALGARY, A0 49,11549.1k $1.9m $1.9m 0.04% New
90 RIA Advisory Group LLC 0.62% of their portfolio Des Moines, IA 48,24148.2k $1.5m $1.5m 0.62% Added +16.6k +16,621
91 ONE PLUS ONE WEALTH MANAGEMENT, LLC 1.03% of their portfolio JUPITER, FL 44,67044.7k $1.7m $1.7m 1.03% Added +4.3k +4,279
92 BOSTON FINANCIAL MANGEMENT LLC 0.06% of their portfolio BOSTON, MA 44,20044.2k $1.7m $1.7m 0.06% Added +5.0k +5,000
93 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 44,02344.0k $1.7m $1.7m 0.00% Added +15.7k +15,722
94 MONEY CONCEPTS CAPITAL CORP 0.15% of their portfolio PALM BEACH GARDENS, FL 41,77841.8k $1.6m $1.6m 0.15% Reduced -1.9k -1,909
95 EASTERLY INVESTMENT PARTNERS LLC 0.17% of their portfolio BEVERLY, MA 40,69240.7k $1.5m $1.5m 0.17% Unchanged
96 MOON CAPITAL MANAGEMENT LP 1.56% of their portfolio NEW YORK, NY 40,62740.6k $1.5m $1.5m 1.56% Unchanged
97 TD Waterhouse Canada Inc. 0.01% of their portfolio TORONTO, A6 40,11140.1k $1.4m $1.4m 0.01% Added +39.6k +39,600
98 Itau Unibanco Holding S.A. 0.05% of their portfolio SAO PAULO, D5 40,00040.0k $1.5m $1.5m 0.05% New
99 Trexquant Investment LP 0.03% of their portfolio STAMFORD, CT 39,92739.9k $1.5m $1.5m 0.03% New
100 LEVEL FOUR ADVISORY SERVICES, LLC 0.08% of their portfolio DALLAS, TX 39,48239.5k $1.5m $1.5m 0.08% Reduced -621 -621