Vault-13

VANECK ETF TRUST GDXJ

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

330 institutional holders +4 vs Q3 2024
51,354,54451.4m shares reported held*
$2.2bnreported value*
37 new 104 added 96 reduced 45 sold out net sold ≈ $339.2m (-7.7m 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 ($125.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $42.61. Options: 23 managers hold calls ($268.6m notional), 23 hold puts ($310.5m).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 241Q4 22: 284Q1 23: 265Q2 23: 266Q3 23: 262Q4 23: 305Q1 24: 299Q2 24: 305Q3 24: 326Q4 24: 330330Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022241
Q4 2022284
Q1 2023265
Q2 2023266
Q3 2023262
Q4 2023305
Q1 2024299
Q2 2024305
Q3 2024326
Q4 2024330

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 23: 111 bought or addedQ1 23: 127 cut or sold outQ2 23: 108 bought or addedQ2 23: 102 cut or sold outQ2 23Q3 23: 84 bought or addedQ3 23: 121 cut or sold outQ4 23: 134 bought or addedQ4 23: 113 cut or sold outQ4 23Q1 24: 134 bought or addedQ1 24: 130 cut or sold outQ2 24: 124 bought or addedQ2 24: 138 cut or sold outQ2 24Q3 24: 136 bought or addedQ3 24: 138 cut or sold outQ4 24: 141 bought or addedQ4 24: 141 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023111127
Q2 2023108102
Q3 202384121
Q4 2023134113
Q1 2024134130
Q2 2024124138
Q3 2024136138
Q4 2024141141

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ1 24 calls: $272.3mQ1 24 puts: $219.7mQ1 24P/C 0.81Q2 24 calls: $373.3mQ2 24 puts: $204.5mQ2 24P/C 0.55Q3 24 calls: $481.0mQ3 24 puts: $502.1mQ3 24P/C 1.04Q4 24 calls: $268.6mQ4 24 puts: $310.5mQ4 24P/C 1.16
Numbers
QuarterCallsPutsP/C
Q1 2024$272.3m$219.7m0.81
Q2 2024$373.3m$204.5m0.55
Q3 2024$481.0m$502.1m1.04
Q4 2024$268.6m$310.5m1.16

Biggest buyers

CITIGROUP INC Added +1,297,341+1.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +762,252+762.3k
Rafferty Asset Management, LLC Added +663,924+663.9k
BlueCrest Capital Management Ltd New +461,823+461.8k
Cadence Wealth Management LLC New +289,930+289.9k
Artisan Partners Limited Partnership Added +246,800+246.8k
Wellington Shields Capital Management, LLC Added +187,875+187.9k
MORGAN STANLEY Added +160,499+160.5k
Cetera Investment Advisers Added +140,026+140.0k
Canoe Financial LP New +104,157+104.2k

Biggest sellers

JANE STREET GROUP, LLC Reduced -2,193,652-2.2m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,907,529-1.9m
Alaska Permanent Fund Corp Reduced -1,241,893-1.2m
JPMORGAN CHASE & CO Reduced -1,025,824-1.0m
Maple Rock Capital Partners Inc. Sold out -781,982-782.0k
Waratah Capital Advisors Ltd. Sold out -759,307-759.3k
Quadrature Capital Ltd Reduced -620,758-620.8k
OLD MISSION CAPITAL LLC Reduced -536,794-536.8k
BANK OF MONTREAL /CAN/ Reduced -485,935-485.9k
Public Sector Pension Investment Board Sold out -450,000-450.0k

Biggest calls

CITADEL ADVISORS LLC Reduced $74.4m1.7m shares
Twin Tree Management, LP New $53.7m1.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $47.9m1.1m shares
UBS Group AG Reduced $14.5m340.0k shares
WOLVERINE TRADING, LLC Added $13.3m313.1k shares
Squarepoint Ops LLC Added $12.3m287.4k shares
CITIGROUP INC Reduced $8.7m202.5k shares
Graham Capital Management, L.P. Reduced $8.6m200.0k shares
TORNO CAPITAL, LLC Not comparable $8.6m200.0k shares
Cubist Systematic Strategies, LLC Added $7.3m169.7k shares

Biggest puts

JANE STREET GROUP, LLC Added $99.2m2.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $51.9m1.2m shares
UBS Group AG Added $26.5m620.5k shares
Twin Tree Management, LP Reduced $20.1m469.5k shares
CITADEL ADVISORS LLC Reduced $17.2m401.3k shares
Walleye Trading LLC Added $14.3m334.6k shares
WELLS FARGO & COMPANY/MN Added $13.9m324.2k shares
Squarepoint Ops LLC Added $12.6m294.0k shares
TORNO CAPITAL, LLC Not comparable $12.0m280.0k shares
CITIGROUP INC Reduced $9.4m220.0k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Alaska Permanent Fund Corp 3.35% of their portfolio JUNEAU, AK 5,285,6295.3m $226.0m $226.0m 3.35% Reduced -1.2m -1,241,893
2 UBS Group AG 0.03% of their portfolio ZURICH, V8 3,520,2403.5m $150.5m $150.5m 0.03% Reduced -285.4k -285,365
3 BANK OF MONTREAL /CAN/ 0.07% of their portfolio TORONTO, A6 3,269,3163.3m $139.8m $139.8m 0.07% Reduced -485.9k -485,935
4 Rafferty Asset Management, LLC 0.45% of their portfolio New York, NY 2,968,9803.0m $126.9m $126.9m 0.45% Added +663.9k +663,924
5 BESSEMER GROUP INC 0.20% of their portfolio WOODBRIDGE, NJ 2,846,6502.8m $121.7m $121.7m 0.20% Unchanged
6 Lingotto Investment Management LLP 2.83% of their portfolio London, X0 2,468,2672.5m $105.5m $105.5m 2.83% Added +59.6k +59,589
7 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 2,228,0112.2m $95.2m $95.2m 0.09% Added +1.3m +1,297,341
8 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,125,3672.1m $90.9m $90.9m 0.01% Added +160.5k +160,499
9 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 1,839,1381.8m $78.6m $78.6m 0.06% Reduced -1.9m -1,907,529
10 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,785,6461.8m $76.3m $76.3m 0.01% Added +23.2k +23,246
11 Capitolis Liquid Global Markets LLC 0.63% of their portfolio NEW YORK, NY 1,514,0001.5m $64.7m $64.7m 0.63% Unchanged
12 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,484,9241.5m $63.5m $63.5m 0.01% Reduced -1.0m -1,025,824
13 Slate Path Capital LP 1.00% of their portfolio New York, NY 1,294,9001.3m $55.4m $55.4m 1.00% Reduced -178.1k -178,100
14 JANE STREET GROUP, LLC 0.08% of their portfolio NEW YORK, NY 1,223,5821.2m $52.3m $52.3m 0.08% Reduced -2.2m -2,193,652
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio BALA CYNWYD, PA 1,083,6531.1m $46.3m $46.3m 0.07% Added +762.3k +762,252
16 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 964,270964.3k $41.2m $41.2m 0.09% Added +140.0k +140,026
17 TEACHER RETIREMENT SYSTEM OF TEXAS 0.14% of their portfolio AUSTIN, TX 902,500902.5k $38.6m $38.6m 0.14% Unchanged
18 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 790,428790.4k $33.8m $33.8m 0.01% Reduced -164.3k -164,269
19 Heartwood Wealth Advisors LLC 3.55% of their portfolio RICHMOND, VA 738,389738.4k $31.6m $31.6m 3.55% Added +4.4k +4,369
20 Panview Capital Ltd 6.29% of their portfolio HONG KONG, K3 690,200690.2k $29.5m $29.5m 6.29% First filing
21 CAPITAL FUND MANAGEMENT S.A. 0.21% of their portfolio PARIS, I0 506,309506.3k $21.6m $21.6m 0.21% Reduced -25.7k -25,707
22 Quadrature Capital Ltd 0.41% of their portfolio LONDON, X0 473,999474.0k $20.3m $20.3m 0.41% Reduced -620.8k -620,758
23 BlueCrest Capital Management Ltd 1.12% of their portfolio ST HELIER, Y9 461,823461.8k $19.7m $19.7m 1.12% New
24 THOR INVESTMENT MANAGEMENT INC /OH/ /ADV 14.96% of their portfolio CINCINNATI, OH 454,176454.2k $19.4m $19.4m 14.96% Reduced -1.2k -1,179
25 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 406,226406.2k $17.4m $17.4m 0.01% Added +16.8k +16,775
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 377,636377.6k $16.1m $16.1m 0.00% Reduced -50.5k -50,503
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 365,965366.0k $15.6m $15.6m 0.00% Reduced -15.3k -15,297
28 Pureheart Capital Pte Ltd. 2.69% of their portfolio SINGAPORE, U0 333,000333.0k $14.2m $14.2m 2.69% First filing
29 ROYCE & ASSOCIATES LP 0.12% of their portfolio New York, NY 293,758293.8k $12.6m $12.6m 0.12% Reduced -112.5k -112,500
30 Cadence Wealth Management LLC 8.21% of their portfolio WESTBOROUGH, MA 289,930289.9k $12.4m $12.4m 8.21% New
31 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 288,298288.3k $12.3m $12.3m 0.00% First filing
32 Artisan Partners Limited Partnership 0.02% of their portfolio Milwaukee, WI 281,800281.8k $12.0m $12.0m 0.02% Added +246.8k +246,800
33 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 271,292271.3k $11.6m $11.6m 0.02% Reduced -12.5k -12,480
34 Vanderbilt University 1.84% of their portfolio NASHVILLE, TN 219,815219.8k $9.4m $9.4m 1.84% Added +5.5k +5,475
35 Corecam Pte. Ltd. 5.07% of their portfolio SINGAPORE, U0 218,600218.6k $9.3m $9.3m 5.07% Reduced -14.2k -14,200
36 Wellington Shields Capital Management, LLC 0.13% of their portfolio NEW YORK, NY 204,825204.8k $724.6k $724.6k 0.13% Added +187.9k +187,875
37 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 182,673182.7k $7.8m $7.8m 0.01% Added +3.1k +3,105
38 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 166,696166.7k $7.1m $7.1m 0.01% Reduced -77.4k -77,360
39 Gemsstock Ltd. 1.42% of their portfolio London, X0 160,000160.0k $6.8m $6.8m 1.42% Reduced -123.3k -123,300
40 Quantessence Capital LLC 2.75% of their portfolio NEW YORK, NY 156,428156.4k $6.7m $6.7m 2.75% First filing
41 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 145,726145.7k $6.2m $6.2m 0.00% Reduced -125.1k -125,124
42 Fielder Capital Group LLC 1.92% of their portfolio NASHVILLE, TN 144,225144.2k $6.2m $6.2m 1.92% Unchanged
43 Ballew Advisors, Inc 3.79% of their portfolio Jackson, MS 133,989134.0k $5.9m $5.9m 3.79% Added +33.9k +33,946
44 Walleye Trading LLC 0.10% of their portfolio NEW YORK, NY 122,298122.3k $5.2m $5.2m 0.10% Added +66.3k +66,267
45 TORNO CAPITAL, LLC 0.51% of their portfolio COHASSET, MA 120,000120.0k $5.1m $5.1m 0.51% Not comparable
46 HOLLENCREST CAPITAL MANAGEMENT 0.21% of their portfolio NEWPORT BEACH, CA 119,862119.9k $5.1m $5.1m 0.21% Added +40.1k +40,146
47 Kercheville Advisors, LLC 1.85% of their portfolio San Antonio, TX 111,601111.6k $4.8m $4.8m 1.85% Unchanged
48 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 110,943110.9k $4.7m $4.7m 0.00% Added +40.7k +40,686
49 NWAM LLC 0.29% of their portfolio MERCER ISLAND, WA 109,936109.9k $4.7m $4.7m 0.29% Reduced -4.5k -4,514
50 Carrera Capital Advisors 1.08% of their portfolio TROY, MI 107,579107.6k $4.6m $4.6m 1.08% Added +94.1k +94,083
51 Canoe Financial LP 0.07% of their portfolio CALGARY, A0 104,157104.2k $4.5m $4.5m 0.07% New
52 WOLVERINE TRADING, LLC 0.10% of their portfolio CHICAGO, IL 103,418103.4k $4.4m $4.4m 0.10% Added +50.4k +50,360
53 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 103,173103.2k $4.4m $4.4m 0.01% Added +71.2k +71,216
54 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 94,82594.8k $4.1m $4.1m 0.00% Reduced -126.5k -126,546
55 Nokomis Capital, L.L.C. 1.83% of their portfolio DALLAS, TX 92,51592.5k $4.0m $4.0m 1.83% Unchanged
56 Freemont Management S.A. 1.89% of their portfolio VAUD, V8 90,00090.0k $3.8m $3.8m 1.89% Added +30.0k +30,000
57 PCG Wealth Advisors, LLC 1.42% of their portfolio OVERLAND PARK, KS 89,89589.9k $3.8m $3.8m 1.42% Added +13.9k +13,907
58 EVERGREEN CAPITAL MANAGEMENT LLC 0.12% of their portfolio Bellevue, WA 85,14385.1k $3.6m $3.6m 0.12% Reduced -22 -22
59 GeoSphere Capital Management, LLC 3.65% of their portfolio MIAMI BEACH, FL 85,00085.0k $3.6m $3.6m 3.65% New
60 BOSTON FINANCIAL MANGEMENT LLC 0.11% of their portfolio BOSTON, MA 81,50081.5k $3.5m $3.5m 0.11% Added +9.5k +9,500
61 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 78,80078.8k $3.4m $3.4m 0.01% Reduced -57.7k -57,690
62 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 75,57775.6k $3.2m $3.2m 0.00% Reduced -6.0k -5,976
63 BARD ASSOCIATES INC 1.09% of their portfolio CHICAGO, IL 75,18275.2k $3.2m $3.2m 1.09% Reduced -1.0k -1,005
64 EASTERLY INVESTMENT PARTNERS LLC 0.24% of their portfolio BEVERLY, MA 72,11272.1k $3.1m $3.1m 0.24% Unchanged
65 Jump Financial, LLC 0.06% of their portfolio Chicago, IL 71,37571.4k $3.1m $3.1m 0.06% Added +37.9k +37,912
66 Amundi 0.00% of their portfolio Paris, I0 70,00070.0k $3.2m $3.2m 0.00% Unchanged
67 SMITH, MOORE & CO. 0.26% of their portfolio CLAYTON, MO 66,27666.3k $2.8m $2.8m 0.26% Added +315 +315
68 Inlight Wealth Management, LLC 1.86% of their portfolio ATLANTA, GA 66,27666.3k $2.8m $2.8m 1.86% First filing
69 New Harbor Financial Group, LLC 0.81% of their portfolio WORCESTER, MA 63,34263.3k $2.7m $2.7m 0.81% Reduced -2.2k -2,200
70 FIDUCIARY FAMILY OFFICE, LLC 0.81% of their portfolio Boca Raton, FL 63,34263.3k $2.7m $2.7m 0.81% New
71 Y-Intercept (Hong Kong) Ltd 0.18% of their portfolio HONG KONG, K3 61,56261.6k $2.6m $2.6m 0.18% New
72 Polar Asset Management Partners Inc. 0.04% of their portfolio TORONTO, A6 60,20060.2k $2.6m $2.6m 0.04% Added +40.1k +40,100
73 Marathon Strategic Advisors, LLC 2.68% of their portfolio PITTSBURGH, PA 57,96458.0k $2.5m $2.5m 2.68% Added +2.2k +2,250
74 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 57,83657.8k $2.5m $2.5m 0.01% Added +46.4k +46,391
75 Crestline Management, L.P. 0.08% of their portfolio FORT WORTH, TX 57,00057.0k $2.4m $2.4m 0.08% New
76 Banco BTG Pactual S.A. 0.58% of their portfolio RIO DE JANEIRO, D5 55,70055.7k $2.5m $2.5m 0.58% Reduced -910 -910
77 Main Street Financial Solutions, LLC 0.23% of their portfolio NEWTOWN, PA 53,65553.7k $2.3m $2.3m 0.23% Added +1.2k +1,220
78 Atlantic Union Bankshares Corp 0.13% of their portfolio GLEN ALLEN, VA 51,67051.7k $2.2m $2.2m 0.13% Reduced -1.5k -1,507
79 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 49,37349.4k $2.1m $2.1m 0.00% Reduced -34.2k -34,184
80 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 46,00546.0k $2.0m $2.0m 0.02% Added +38.2k +38,165
81 SIMPLEX TRADING, LLC 0.05% of their portfolio CHICAGO, IL 45,39345.4k $1.9m $1.9m 0.05% Reduced -6.4k -6,439
82 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 45,29045.3k $1.9m $1.9m 0.00% Added +27.3k +27,251
83 K.J. Harrison & Partners Inc 0.31% of their portfolio TORONTO, A6 44,15944.2k $2.0m $2.0m 0.31% Unchanged
84 CURA WEALTH ADVISORS, LLC 0.81% of their portfolio CHICAGO, IL 42,67142.7k $1.8m $1.8m 0.81% First filing
85 SUMMIT SECURITIES GROUP LLC 0.68% of their portfolio NEW YORK, NY 42,40042.4k $1.8m $1.8m 0.68% New
86 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 41,84941.8k $1.8m $1.8m 0.00% Reduced -14.9k -14,894
87 MONEY CONCEPTS CAPITAL CORP 0.13% of their portfolio PALM BEACH GARDENS, FL 41,21641.2k $1.8m $1.8m 0.13% Added +1.0k +1,039
88 MOON CAPITAL MANAGEMENT LP 1.32% of their portfolio NEW YORK, NY 40,62740.6k $1.7m $1.7m 1.32% Unchanged
89 INSIGNEO ADVISORY SERVICES, LLC 0.18% of their portfolio MIAMI, FL 40,25940.3k $1.7m $1.7m 0.18% Reduced -2.2k -2,236
90 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 0.26% of their portfolio NEW YORK, NY 40,20740.2k $1.7m $1.7m 0.26% Reduced -3.5k -3,465
91 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 40,14940.1k $1.7m $1.7m 0.00% Reduced -60.2k -60,219
92 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 39,13639.1k $1.7m $1.7m 0.00% Reduced -25.6k -25,583
93 RIA Advisory Group LLC 0.55% of their portfolio Des Moines, IA 37,86537.9k $1.6m $1.6m 0.55% Added +1.4k +1,367
94 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 37,37937.4k $1.6m $1.6m 0.02% New
95 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 36,75636.8k $1.6m $1.6m 0.04% Reduced -536.8k -536,794
96 BEARING POINT CAPITAL, LLC 0.32% of their portfolio BLOOMINGTON, MN 36,02736.0k $1.5m $1.5m 0.32% First filing
97 CHELSEA COUNSEL CO 0.79% of their portfolio Woodland Hills, CA 35,83035.8k $1.5m $1.5m 0.79% Reduced -250 -250
98 Riggs Asset Managment Co. Inc. 0.40% of their portfolio DALLAS, PA 35,38035.4k $1.5m $1.5m 0.40% Reduced -7.1k -7,093
99 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 34,99435.0k $1.5m $1.5m 0.01% Reduced -2.3k -2,320
100 West Family Investments, Inc. 0.51% of their portfolio CARLSBAD, CA 34,50034.5k $1.5m $1.5m 0.51% Unchanged