Vault-13

VANECK ETF TRUST GDXJ

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

299 institutional holders -6 vs Q4 2023
66,031,36066.0m shares reported held*
$2.6bnreported value*
42 new 92 added 87 reduced 43 sold out net bought ≈ $253.9m (+6.5m 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 ($4.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.78. Options: 24 managers hold calls ($272.3m notional), 24 hold puts ($219.7m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 241Q4 22: 284Q1 23: 265Q2 23: 266Q3 23: 262Q4 23: 305Q1 24: 299299Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022241
Q4 2022284
Q1 2023265
Q2 2023266
Q3 2023262
Q4 2023305
Q1 2024299

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 23Q1 24: 134 bought or addedQ1 24: 130 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 202214198
Q1 2023111127
Q2 2023108102
Q3 202384121
Q4 2023134113
Q1 2024134130

Calls vs puts

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

CallsPuts
$0$250m$500m$750m$1bnQ2 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 0.22Q1 24 calls: $272.3mQ1 24 puts: $219.7mQ1 24P/C 0.81
Numbers
QuarterCallsPutsP/C
Q2 2023$219.0m$72.1m0.33
Q3 2023$215.3m$106.1m0.49
Q4 2023$882.2m$192.0m0.22
Q1 2024$272.3m$219.7m0.81

Biggest buyers

MORGAN STANLEY Added +1,743,202+1.7m
JPMORGAN CHASE & CO Added +1,535,848+1.5m
Rokos Capital Management LLP New +1,422,147+1.4m
JANE STREET GROUP, LLC Added +1,365,157+1.4m
Alaska Permanent Fund Corp Added +1,230,234+1.2m
Praetorian PR LLC New +800,000+800.0k
BNP PARIBAS FINANCIAL MARKETS Added +720,329+720.3k
Cetera Investment Advisers Added +700,758+700.8k
Panview Asian Equity Master Fund New +515,000+515.0k
MIRABELLA FINANCIAL SERVICES LLP New +501,985+502.0k

Biggest sellers

GARDA CAPITAL PARTNERS LP Sold out -1,036,000-1.0m
TORONTO DOMINION BANK Reduced -821,617-821.6k
CITIGROUP INC Reduced -714,415-714.4k
CITADEL ADVISORS LLC Reduced -518,713-518.7k
Cetera Advisor Networks LLC Sold out -478,927-478.9k
CQS (US), LLC Sold out -419,500-419.5k
Cadence Wealth Management LLC Sold out -349,572-349.6k
Twin Tree Management, LP Reduced -310,036-310.0k
Yong Rong (HK) Asset Management Ltd Sold out -300,000-300.0k
Lingotto Investment Management LLP Reduced -285,000-285.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $135.5m3.5m shares
CITADEL ADVISORS LLC Added $55.5m1.4m shares
PEAK6 Investments LLC Added $20.8m536.7k shares
CITIGROUP INC Reduced $12.4m320.7k shares
MARSHALL WACE, LLP Added $9.5m218.1k shares
WOLVERINE TRADING, LLC Reduced $8.1m209.3k shares
Squarepoint Ops LLC Reduced $7.7m200.0k shares
RAYMOND JAMES & ASSOCIATES Reduced $4.8m96.3k shares
Verition Fund Management LLC Reduced $3.7m95.6k shares
Herr Investment Group LLC New $2.8m595.0k shares

Biggest puts

Twin Tree Management, LP New $66.9m1.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $57.1m1.5m shares
MARSHALL WACE, LLP Added $25.0m572.1k shares
CITADEL ADVISORS LLC Reduced $16.7m431.2k shares
Squarepoint Ops LLC Added $8.4m216.5k shares
GTS SECURITIES LLC Reduced $6.2m160.5k shares
Cubist Systematic Strategies, LLC New $6.0m155.7k shares
Verition Fund Management LLC Reduced $5.5m140.9k shares
WOLVERINE TRADING, LLC Reduced $5.0m128.9k shares
PEAK6 Investments LLC Added $4.3m111.3k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Alaska Permanent Fund Corp 4.66% of their portfolio JUNEAU, AK 8,167,1548.2m $316.4m $316.4m 4.66% Added +1.2m +1,230,234
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,993,8026.0m $232.2m $232.2m 0.01% Added +1.7m +1,743,202
3 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 4,442,9764.4m $172.1m $172.1m 0.01% Added +1.5m +1,535,848
4 Slate Path Capital LP 2.63% of their portfolio New York, NY 3,423,0003.4m $132.6m $132.6m 2.63% Added +118.0k +118,000
5 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 3,051,0313.1m $118.2m $118.2m 0.04% Added +295.5k +295,479
6 Lingotto Investment Management LLP 4.89% of their portfolio London, X0 3,012,2133.0m $116.7m $116.7m 4.89% Reduced -285.0k -285,000
7 Rafferty Asset Management, LLC 0.42% of their portfolio New York, NY 2,922,7762.9m $113.2m $113.2m 0.42% Added +261.5k +261,468
8 BESSEMER GROUP INC 0.20% of their portfolio WOODBRIDGE, NJ 2,846,6502.8m $110.3m $110.3m 0.20% Unchanged
9 CITIGROUP INC 0.11% of their portfolio NEW YORK, NY 2,732,0172.7m $105.8m $105.8m 0.11% Reduced -714.4k -714,415
10 JANE STREET GROUP, LLC 0.13% of their portfolio NEW YORK, NY 2,629,0002.6m $101.8m $101.8m 0.13% Added +1.4m +1,365,157
11 UBS Group AG 0.03% of their portfolio ZURICH, V8 2,461,3792.5m $95.4m $95.4m 0.03% Added +135.6k +135,622
12 TORONTO DOMINION BANK 0.13% of their portfolio TORONTO, ONTARIO, A6 2,149,7242.1m $83.3m $83.3m 0.13% Reduced -821.6k -821,617
13 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 1,450,2521.5m $56.2m $56.2m 0.07% Added +720.3k +720,329
14 Rokos Capital Management LLP 1.41% of their portfolio LONDON, X0 1,422,1471.4m $55.1m $55.1m 1.41% New
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio BALA CYNWYD, PA 1,373,8481.4m $53.2m $53.2m 0.08% Added +1.4k +1,450
16 Twin Tree Management, LP 0.76% of their portfolio DALLAS, TX 871,134871.1k $33.7m $33.7m 0.76% Reduced -310.0k -310,036
17 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 855,502855.5k $33.1m $33.1m 0.01% Added +21.4k +21,366
18 Praetorian PR LLC 9.90% of their portfolio RINCON, PR 800,000800.0k $31.0m $31.0m 9.90% New
19 Heartwood Wealth Advisors LLC 3.46% of their portfolio RICHMOND, VA 726,290726.3k $28.1m $28.1m 3.46% Added +73.7k +73,743
20 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 721,311721.3k $27.9m $27.9m 0.07% Added +700.8k +700,758
21 HRT FINANCIAL LP 0.17% of their portfolio NEW YORK, NY 717,016717.0k $27.8m $27.8m 0.17% Added +189.0k +189,044
22 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 555,304555.3k $21.5m $21.5m 0.01% Reduced -49.5k -49,500
23 Panview Asian Equity Master Fund 6.26% of their portfolio CENTRAL, K3 515,000515.0k $20.0m $20.0m 6.26% New
24 MIRABELLA FINANCIAL SERVICES LLP 1.42% of their portfolio London, X0 501,985502.0k $19.4m $19.4m 1.42% New
25 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 482,240482.2k $18.7m $18.7m 0.01% Added +38.2k +38,217
26 ROYCE & ASSOCIATES LP 0.17% of their portfolio New York, NY 481,926481.9k $18.7m $18.7m 0.17% Added +50.0k +50,000
27 THOR INVESTMENT MANAGEMENT INC /OH/ /ADV 14.12% of their portfolio CINCINNATI, OH 459,637459.6k $17.8m $17.8m 14.12% Added +36.3k +36,281
28 Maple Rock Capital Partners Inc. 1.07% of their portfolio Toronto, A6 437,482437.5k $16.9m $16.9m 1.07% New
29 CAPITAL FUND MANAGEMENT S.A. 0.19% of their portfolio PARIS, I0 395,992396.0k $15.3m $15.3m 0.19% New
30 Eschler Asset Management LLP 8.96% of their portfolio London, X0 368,930368.9k $13.8m $13.8m 8.96% Added +68.9k +68,930
31 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 320,718320.7k $13.9m $13.9m 0.02% Reduced -13.5k -13,464
32 Corecam Pte. Ltd. 10.42% of their portfolio SINGAPORE, U0 290,900290.9k $11.3m $11.3m 10.42% Reduced -28.2k -28,200
33 Vanderbilt University 2.32% of their portfolio NASHVILLE, TN 287,600287.6k $11.1m $11.1m 2.32% Unchanged
34 TEACHER RETIREMENT SYSTEM OF TEXAS 0.07% of their portfolio AUSTIN, TX 272,500272.5k $10.6m $10.6m 0.07% Unchanged
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 231,577231.6k $9.0m $9.0m 0.00% Reduced -56.3k -56,283
36 Monaco Asset Management SAM 3.86% of their portfolio Monaco, O9 224,500224.5k $8.7m $8.7m 3.86% Added +7.5k +7,500
37 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 223,084223.1k $8.6m $8.6m 0.01% Added +15.1k +15,106
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 223,038223.0k $8.6m $8.6m 0.00% Reduced -41.7k -41,681
39 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 218,816218.8k $8.5m $8.5m 0.01% Reduced -9.8k -9,804
40 CAXTON ASSOCIATES LP 0.57% of their portfolio NEW YORK, NY 215,731215.7k $8.4m $8.4m 0.57% Added +152.7k +152,696
41 53 HOUSE LLP 1.57% of their portfolio LONDON, X0 157,910157.9k $6.1m $6.1m 1.57% New
42 EVERGREEN CAPITAL MANAGEMENT LLC 0.22% of their portfolio Bellevue, WA 152,155152.2k $5.9m $5.9m 0.22% Added +115.5k +115,515
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 148,746148.7k $5.8m $5.8m 0.00% Added +4.4k +4,419
44 Fielder Capital Group LLC 2.35% of their portfolio NASHVILLE, TN 135,747135.7k $5.3m $5.3m 2.35% Added +368 +368
45 Ballew Advisors, Inc 3.88% of their portfolio Jackson, MS 134,368134.4k $5.6m $5.6m 3.88% Reduced -7.9k -7,898
46 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 134,067134.1k $5.2m $5.2m 0.01% Added +19.6k +19,575
47 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 129,279129.3k $5.0m $5.0m 0.01% Added +3.5k +3,501
48 GeoSphere Capital Management, LLC 4.04% of their portfolio MIAMI BEACH, FL 125,000125.0k $4.8m $4.8m 4.04% New
49 Waratah Capital Advisors Ltd. 0.25% of their portfolio TORONTO, A6 124,433124.4k $4.8m $4.8m 0.25% New
50 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 121,068121.1k $4.7m $4.7m 0.01% Reduced -287 -287
51 Anthracite Investment Company, Inc. 2.15% of their portfolio FORT WORTH, TX 110,000110.0k $4.3m $4.3m 2.15% Unchanged
52 Concentric Capital Strategies, LP 0.26% of their portfolio Stamford, CT 106,172106.2k $4.1m $4.1m 0.26% New
53 Nokomis Capital, L.L.C. 1.74% of their portfolio DALLAS, TX 101,615101.6k $3.9m $3.9m 1.74% Unchanged
54 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 101,441101.4k $3.9m $3.9m 0.01% Reduced -507 -507
55 Tejara Capital Ltd 1.39% of their portfolio London, X0 96,90096.9k $3.8m $3.8m 1.39% Added +20.0k +20,000
56 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 91,20891.2k $3.5m $3.5m 0.00% Added +18.1k +18,066
57 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 90,54490.5k $3.5m $3.5m 0.00% Reduced -76.7k -76,698
58 New Harbor Financial Group, LLC 1.22% of their portfolio WORCESTER, MA 85,11085.1k $3.3m $3.3m 1.22% Reduced -204 -204
59 GTS SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 82,58282.6k $3.2m $3.2m 0.09% Reduced -176.4k -176,358
60 Canoe Financial LP 0.05% of their portfolio CALGARY, A0 81,94581.9k $3.2m $3.2m 0.05% Added +32.8k +32,830
61 BARD ASSOCIATES INC 1.08% of their portfolio CHICAGO, IL 77,87277.9k $3.0m $3.0m 1.08% Reduced -225 -225
62 HOLLENCREST CAPITAL MANAGEMENT 0.14% of their portfolio NEWPORT BEACH, CA 76,77576.8k $3.0m $3.0m 0.14% Reduced -250 -250
63 Kercheville Advisors, LLC 1.40% of their portfolio San Antonio, TX 76,35176.4k $3.0m $3.0m 1.40% Added +900 +900
64 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 75,04575.0k $2.9m $2.9m 0.00% Reduced -11.7k -11,665
65 Amundi 0.00% of their portfolio Paris, I0 75,00075.0k $3.1m $3.1m 0.00% Unchanged
66 NWAM LLC 0.25% of their portfolio MERCER ISLAND, WA 74,97075.0k $3.1m $3.1m 0.25% Added +48.5k +48,500
67 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 74,16574.2k $2.9m $2.9m 0.00% Reduced -10.7k -10,685
68 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 73,46873.5k $2.8m $2.8m 0.00% Added +3.4k +3,445
69 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 72,24072.2k $2.8m $2.8m 0.01% Reduced -111.9k -111,940
70 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 71,72771.7k $2.8m $2.8m 0.00% Reduced -518.7k -518,713
71 SMITH, MOORE & CO. 0.29% of their portfolio CLAYTON, MO 69,19569.2k $2.7m $2.7m 0.29% Reduced -1.1k -1,146
72 IHT Wealth Management, LLC 0.11% of their portfolio Chicago, IL 68,53668.5k $2.7m $2.7m 0.11% Added +12.2k +12,187
73 Quantitative Investment Management, LLC 0.15% of their portfolio CHARLOTTESVILLE, VA 65,14365.1k $2.5m $2.5m 0.15% Added +4.5k +4,497
74 Sigma Planning Corp 0.08% of their portfolio ANN ARBOR, MI 64,43864.4k $2.5m $2.5m 0.08% Added +28.0k +27,987
75 EASTERLY INVESTMENT PARTNERS LLC 0.19% of their portfolio BEVERLY, MA 64,11264.1k $2.5m $2.5m 0.19% Added +23.4k +23,420
76 BANQUE PICTET & CIE SA 0.02% of their portfolio GENEVA 73, V8 60,00060.0k $2.3m $2.3m 0.02% New
77 Simplicity Wealth,LLC 0.05% of their portfolio SUMMIT, NJ 57,93957.9k $2.2m $2.2m 0.05% New
78 Bleakley Financial Group, LLC 0.06% of their portfolio PARSIPPANY, NJ 57,93957.9k $2.2m $2.2m 0.06% Reduced -703 -703
79 Bridge Advisory, LLC 1.05% of their portfolio PASADENA, CA 54,71254.7k $2.1m $2.1m 1.05% Reduced -18.9k -18,897
80 Main Street Financial Solutions, LLC 0.22% of their portfolio NEWTOWN, PA 54,33954.3k $2.1m $2.1m 0.22% Reduced -231 -231
81 K.J. Harrison & Partners Inc 0.32% of their portfolio TORONTO, A6 54,16354.2k $2.1m $2.1m 0.32% Added +1.0k +1,015
82 Vontobel Holding Ltd. 0.02% of their portfolio ZURICH, V8 54,00054.0k $2.1m $2.1m 0.02% Added +22.2k +22,170
83 Atlantic Union Bankshares Corp 0.18% of their portfolio GLEN ALLEN, VA 53,72553.7k $2.1m $2.1m 0.18% Reduced -1.7k -1,738
84 OMERS ADMINISTRATION Corp 0.02% of their portfolio TORONTO, A6 52,80052.8k $2.0m $2.0m 0.02% New
85 BOSTON FINANCIAL MANGEMENT LLC 0.06% of their portfolio BOSTON, MA 52,20052.2k $2.0m $2.0m 0.06% Added +8.0k +8,000
86 Arete Wealth Advisors, LLC 0.18% of their portfolio CHICAGO, IL 50,37450.4k $2.0m $2.0m 0.18% Reduced -1.2k -1,195
87 Prospera Financial Services Inc 0.06% of their portfolio Dallas, TX 50,11350.1k $1.9m $1.9m 0.06% Added +19.2k +19,222
88 PCJ Investment Counsel Ltd. 0.64% of their portfolio TORONTO, A6 50,00050.0k $1.9m $1.9m 0.64% New
89 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 48,48048.5k $1.9m $1.9m 0.01% Added +27.0k +26,976
90 ONE PLUS ONE WEALTH MANAGEMENT, LLC 1.08% of their portfolio JUPITER, FL 48,42048.4k $1.9m $1.9m 1.08% Added +3.8k +3,750
91 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 47,14847.1k $1.8m $1.8m 0.00% Reduced -3.8k -3,758
92 Banco BTG Pactual S.A. 0.57% of their portfolio RIO DE JANEIRO, D5 47,01047.0k $1.8m $1.8m 0.57% Reduced -70.1k -70,090
93 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 46,18846.2k $1.8m $1.8m 0.00% Added +2.2k +2,165
94 MONEY CONCEPTS CAPITAL CORP 0.15% of their portfolio PALM BEACH GARDENS, FL 41,43341.4k $1.6m $1.6m 0.15% Reduced -345 -345
95 Quadrature Capital Ltd 0.03% of their portfolio LONDON, X0 41,39041.4k $1.6m $1.6m 0.03% New
96 MOON CAPITAL MANAGEMENT LP 1.58% of their portfolio NEW YORK, NY 40,62740.6k $1.6m $1.6m 1.58% Unchanged
97 Marex Group Ltd 0.05% of their portfolio London, X0 40,45140.5k $1.6m $1.6m 0.05% Added +17.3k +17,320
98 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 39,94239.9k $1.5m $1.5m 0.01% New
99 LEVEL FOUR ADVISORY SERVICES, LLC 0.08% of their portfolio DALLAS, TX 39,48239.5k $1.5m $1.5m 0.08% Unchanged
100 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 39,45339.5k $1.5m $1.5m 0.00% Added +7.6k +7,561