Vault-13

VANECK ETF TRUST GDXJ

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

340 institutional holders +10 vs Q4 2024
41,532,04741.5m shares reported held*
$2.4bnreported value*
61 new 87 added 97 reduced 49 sold out net sold ≈ $452.5m (-8.1m 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 ($2.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.49. Options: 16 managers hold calls ($229.0m notional), 20 hold puts ($387.0m).

Trends to Q1 2025

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: 330Q1 25: 340340Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022241
Q4 2022284
Q1 2023265
Q2 2023266
Q3 2023262
Q4 2023305
Q1 2024299
Q2 2024305
Q3 2024326
Q4 2024330
Q1 2025340

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 108 bought or addedQ2 23: 102 cut or sold outQ3 23: 84 bought or addedQ3 23: 121 cut or sold outQ3 23Q4 23: 134 bought or addedQ4 23: 113 cut or sold outQ1 24: 134 bought or addedQ1 24: 130 cut or sold outQ1 24Q2 24: 124 bought or addedQ2 24: 138 cut or sold outQ3 24: 136 bought or addedQ3 24: 138 cut or sold outQ3 24Q4 24: 141 bought or addedQ4 24: 141 cut or sold outQ1 25: 148 bought or addedQ1 25: 146 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023108102
Q3 202384121
Q4 2023134113
Q1 2024134130
Q2 2024124138
Q3 2024136138
Q4 2024141141
Q1 2025148146

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ2 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 1.16Q1 25 calls: $229.0mQ1 25 puts: $387.0mQ1 25P/C 1.69
Numbers
QuarterCallsPutsP/C
Q2 2024$373.3m$204.5m0.55
Q3 2024$481.0m$502.1m1.04
Q4 2024$268.6m$310.5m1.16
Q1 2025$229.0m$387.0m1.69

Biggest buyers

Invesco Ltd. Added +1,137,586+1.1m
UBS Group AG Added +1,099,084+1.1m
Nearwater Capital Markets, Ltd New +750,000+750.0k
ANTIPODES PARTNERS Ltd New +608,191+608.2k
DISCOVERY CAPITAL MANAGEMENT, LLC / CT New +428,600+428.6k
Twin Tree Management, LP New +315,634+315.6k
JPMORGAN CHASE & CO Added +267,372+267.4k
MARSHALL WACE, LLP Added +208,526+208.5k
Trek Financial, LLC New +159,844+159.8k
Quantitative Investment Management, LLC New +142,049+142.0k

Biggest sellers

Alaska Permanent Fund Corp Reduced -2,542,838-2.5m
Capitolis Liquid Global Markets LLC Reduced -1,340,400-1.3m
Slate Path Capital LP Sold out -1,294,900-1.3m
Rafferty Asset Management, LLC Reduced -1,266,890-1.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -996,442-996.4k
BANK OF MONTREAL /CAN/ Reduced -994,091-994.1k
CITIGROUP INC Reduced -874,183-874.2k
JANE STREET GROUP, LLC Reduced -698,270-698.3k
TEACHER RETIREMENT SYSTEM OF TEXAS Reduced -518,500-518.5k
Quadrature Capital Ltd Sold out -473,999-474.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $67.3m1.2m shares
CITADEL ADVISORS LLC Reduced $62.6m1.1m shares
CAPITAL FUND MANAGEMENT S.A. Added $20.2m353.0k shares
JANE STREET GROUP, LLC Added $16.0m279.7k shares
BlackRock, Inc. Added $15.8m276.0k shares
WOLVERINE TRADING, LLC Reduced $11.1m195.0k shares
Cubist Systematic Strategies, LLC Added $9.8m171.0k shares
DRW Securities, LLC New $8.0m140.0k shares
Verition Fund Management LLC New $5.7m100.0k shares
PEAK6 LLC Added $4.9m85.2k shares

Biggest puts

BANK OF AMERICA CORP /DE/ New $71.5m1.2m shares
CITADEL ADVISORS LLC Added $67.9m1.2m shares
JANE STREET GROUP, LLC Reduced $60.7m1.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $35.5m620.0k shares
Twin Tree Management, LP Added $29.3m512.1k shares
CAPITAL FUND MANAGEMENT S.A. Added $26.4m462.0k shares
MARSHALL WACE, LLP New $21.7m378.9k shares
Walleye Trading LLC Reduced $15.2m265.7k shares
Jain Global LLC New $14.3m250.0k shares
WELLS FARGO & COMPANY/MN Reduced $10.0m174.2k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 UBS Group AG 0.06% of their portfolio ZURICH, V8 4,619,3244.6m $264.2m $264.2m 0.06% Added +1.1m +1,099,084
2 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 2,923,2322.9m $167.2m $167.2m 0.03% Added +1.1m +1,137,586
3 BESSEMER GROUP INC 0.29% of their portfolio WOODBRIDGE, NJ 2,846,6502.8m $162.8m $162.8m 0.29% Unchanged
4 Alaska Permanent Fund Corp 2.37% of their portfolio JUNEAU, AK 2,742,7912.7m $168.4m $168.4m 2.37% Reduced -2.5m -2,542,838
5 Lingotto Investment Management LLP 3.78% of their portfolio London, X0 2,525,4952.5m $144.5m $144.5m 3.78% Added +57.2k +57,228
6 BANK OF MONTREAL /CAN/ 0.07% of their portfolio TORONTO, A6 2,275,2252.3m $130.1m $130.1m 0.07% Reduced -994.1k -994,091
7 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,897,4651.9m $108.5m $108.5m 0.01% Reduced -227.9k -227,902
8 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,752,2961.8m $100.2m $100.2m 0.01% Added +267.4k +267,372
9 Rafferty Asset Management, LLC 0.42% of their portfolio New York, NY 1,702,0901.7m $97.4m $97.4m 0.42% Reduced -1.3m -1,266,890
10 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 1,353,8281.4m $77.4m $77.4m 0.06% Reduced -874.2k -874,183
11 Nearwater Capital Markets, Ltd 1.22% of their portfolio NEW YORK, NY 750,000750.0k $42.9m $42.9m 1.22% New
12 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 704,036704.0k $40.3m $40.3m 0.01% Reduced -86.4k -86,392
13 Cetera Investment Advisers 0.08% of their portfolio SCHAUMBURG, IL 696,604696.6k $39.8m $39.8m 0.08% Reduced -267.7k -267,666
14 Heartwood Wealth Advisors LLC 4.22% of their portfolio RICHMOND, VA 645,837645.8k $36.9m $36.9m 4.22% Reduced -92.6k -92,552
15 Panview Capital Ltd 13.26% of their portfolio HONG KONG, K3 612,200612.2k $35.0m $35.0m 13.26% Reduced -78.0k -78,000
16 ANTIPODES PARTNERS Ltd 1.09% of their portfolio ROYAL EXCHANGE, C3 608,191608.2k $34.8m $34.8m 1.09% New
17 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 525,312525.3k $30.0m $30.0m 0.05% Reduced -698.3k -698,270
18 THOR INVESTMENT MANAGEMENT INC /OH/ /ADV 19.15% of their portfolio CINCINNATI, OH 456,068456.1k $26.1m $26.1m 19.15% Added +1.9k +1,892
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 453,493453.5k $25.9m $25.9m 0.00% Added +75.9k +75,857
20 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 2.93% of their portfolio SOUTH NORWALK, CT 428,600428.6k $24.5m $24.5m 2.93% New
21 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 415,409415.4k $23.8m $23.8m 0.01% Added +9.2k +9,183
22 Artisan Partners Limited Partnership 0.04% of their portfolio Milwaukee, WI 402,700402.7k $23.0m $23.0m 0.04% Added +120.9k +120,900
23 TEACHER RETIREMENT SYSTEM OF TEXAS 0.09% of their portfolio AUSTIN, TX 384,000384.0k $22.0m $22.0m 0.09% Reduced -518.5k -518,500
24 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 375,222375.2k $21.5m $21.5m 0.03% Added +208.5k +208,526
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 349,218349.2k $20.0m $20.0m 0.00% Reduced -16.7k -16,747
26 Pureheart Capital Pte Ltd. 2.83% of their portfolio SINGAPORE, U0 333,000333.0k $19.0m $19.0m 2.83% Unchanged
27 Twin Tree Management, LP 0.40% of their portfolio DALLAS, TX 315,634315.6k $18.1m $18.1m 0.40% New
28 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 301,127301.1k $17.2m $17.2m 0.01% Added +12.8k +12,829
29 ROYCE & ASSOCIATES LP 0.18% of their portfolio New York, NY 293,758293.8k $16.8m $16.8m 0.18% Unchanged
30 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 225,022225.0k $12.9m $12.9m 0.00% Added +79.3k +79,296
31 Vanderbilt University 2.40% of their portfolio NASHVILLE, TN 219,815219.8k $12.6m $12.6m 2.40% Unchanged
32 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 219,227219.2k $12.5m $12.5m 0.01% Reduced -52.1k -52,065
33 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 178,547178.5k $10.2m $10.2m 0.01% Reduced -4.1k -4,126
34 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 177,653177.7k $10.2m $10.2m 0.01% Added +66.7k +66,710
35 Capitolis Liquid Global Markets LLC 0.09% of their portfolio NEW YORK, NY 173,600173.6k $9.9m $9.9m 0.09% Reduced -1.3m -1,340,400
36 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 171,800171.8k $9.8m $9.8m 0.02% Added +93.0k +93,000
37 Corecam Pte. Ltd. 5.17% of their portfolio SINGAPORE, U0 164,700164.7k $9.4m $9.4m 5.17% Reduced -53.9k -53,900
38 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 162,356162.4k $9.3m $9.3m 0.01% Added +67.5k +67,531
39 Trek Financial, LLC 0.66% of their portfolio Scottsdale, AZ 159,844159.8k $9.1m $9.1m 0.66% New
40 Gemsstock Ltd. 3.44% of their portfolio London, X0 159,700159.7k $9.1m $9.1m 3.44% Reduced -300 -300
41 BEARING POINT CAPITAL, LLC 1.82% of their portfolio BLOOMINGTON, MN 149,967150.0k $8.6m $8.6m 1.82% Added +113.9k +113,940
42 Fielder Capital Group LLC 2.39% of their portfolio NASHVILLE, TN 144,225144.2k $8.2m $8.2m 2.39% Unchanged
43 Quantitative Investment Management, LLC 0.75% of their portfolio CHARLOTTESVILLE, VA 142,049142.0k $8.1m $8.1m 0.75% New
44 SummitTX Capital, L.P. 0.32% of their portfolio FORT WORTH, TX 128,500128.5k $7.4m $7.4m 0.32% First filing
45 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 123,740123.7k $7.1m $7.1m 0.01% Added +48.2k +48,163
46 HOLLENCREST CAPITAL MANAGEMENT 0.30% of their portfolio NEWPORT BEACH, CA 119,862119.9k $6.9m $6.9m 0.30% Unchanged
47 NWAM LLC 0.58% of their portfolio MERCER ISLAND, WA 118,661118.7k $6.8m $6.8m 0.58% Added +8.7k +8,725
48 Carrera Capital Advisors 1.44% of their portfolio TROY, MI 113,877113.9k $6.5m $6.5m 1.44% Added +6.3k +6,298
49 Kercheville Advisors, LLC 2.62% of their portfolio San Antonio, TX 112,317112.3k $6.4m $6.4m 2.62% Added +716 +716
50 Riggs Asset Managment Co. Inc. 1.69% of their portfolio DALLAS, PA 103,619103.6k $5.9m $5.9m 1.69% Added +68.2k +68,239
51 Ballew Advisors, Inc 4.20% of their portfolio Jackson, MS 102,370102.4k $6.3m $6.3m 4.20% Reduced -31.6k -31,619
52 Canoe Financial LP 0.09% of their portfolio CALGARY, A0 95,21595.2k $5.4m $5.4m 0.09% Reduced -8.9k -8,942
53 PCG Wealth Advisors, LLC 1.86% of their portfolio OVERLAND PARK, KS 93,37493.4k $5.3m $5.3m 1.86% Added +3.5k +3,479
54 Nokomis Capital, L.L.C. 2.28% of their portfolio DALLAS, TX 92,51592.5k $5.3m $5.3m 2.28% Unchanged
55 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 91,66091.7k $5.2m $5.2m 0.01% New
56 Freemont Management S.A. 2.06% of their portfolio VAUD, V8 90,00090.0k $5.1m $5.1m 2.06% Unchanged
57 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 87,21187.2k $5.0m $5.0m 0.01% Reduced -996.4k -996,442
58 EASTERLY INVESTMENT PARTNERS LLC 0.41% of their portfolio BEVERLY, MA 86,11286.1k $4.9m $4.9m 0.41% Added +14.0k +14,000
59 GeoSphere Capital Management, LLC 5.02% of their portfolio MIAMI BEACH, FL 75,23575.2k $4.3m $4.3m 5.02% Reduced -9.8k -9,765
60 BARD ASSOCIATES INC 1.60% of their portfolio CHICAGO, IL 75,02775.0k $4.3m $4.3m 1.60% Reduced -155 -155
61 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 73,74873.7k $4.2m $4.2m 0.02% Added +15.9k +15,912
62 Amundi 0.00% of their portfolio Paris, I0 70,00070.0k $4.0m $4.0m 0.00% Unchanged
63 SMITH, MOORE & CO. 0.36% of their portfolio CLAYTON, MO 67,05167.1k $3.8m $3.8m 0.36% Added +775 +775
64 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 0.78% of their portfolio NEW YORK, NY 66,21866.2k $3.8m $3.8m 0.78% Added +26.0k +26,011
65 Jain Global LLC 0.08% of their portfolio NEW YORK, NY 66,00066.0k $3.8m $3.8m 0.08% New
66 Banco BTG Pactual S.A. 0.94% of their portfolio RIO DE JANEIRO, D5 65,70065.7k $3.8m $3.8m 0.94% Added +10.0k +10,000
67 New Harbor Financial Group, LLC 0.97% of their portfolio WORCESTER, MA 63,60563.6k $3.6m $3.6m 0.97% Added +263 +263
68 Inlight Wealth Management, LLC 2.25% of their portfolio ATLANTA, GA 63,51463.5k $3.6m $3.6m 2.25% Reduced -2.8k -2,762
69 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 62,33262.3k $3.6m $3.6m 0.00% First filing
70 CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio PARIS, I0 62,07862.1k $3.6m $3.6m 0.05% Reduced -444.2k -444,231
71 Heck Capital Advisors, LLC 0.39% of their portfolio Rhinelander, WI 61,36661.4k $3.5m $3.5m 0.39% New
72 Marathon Strategic Advisors, LLC 3.52% of their portfolio PITTSBURGH, PA 57,24657.2k $3.3m $3.3m 3.52% Reduced -718 -718
73 SPROTT INC. 0.16% of their portfolio TORONTO, A6 48,55548.6k $2.8m $2.8m 0.16% New
74 Main Street Financial Solutions, LLC 0.24% of their portfolio NEWTOWN, PA 47,80547.8k $2.7m $2.7m 0.24% Reduced -5.8k -5,850
75 Brevan Howard Capital Management LP 0.07% of their portfolio ST. HELIER, Y9 47,36947.4k $2.7m $2.7m 0.07% New
76 Polymer Capital Management (HK) LTD 0.46% of their portfolio HONG KONG, K3 46,80046.8k $2.7m $2.7m 0.46% New
77 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 46,01846.0k $2.6m $2.6m 0.01% Added +11.0k +11,024
78 Crabel Capital Management, LLC 2.79% of their portfolio MILWAUKEE, WI 45,13845.1k $2.6m $2.6m 2.79% Added +33.5k +33,529
79 Geneos Wealth Management Inc. 0.04% of their portfolio ENGLEWOOD, CO 45,00645.0k $2.6m $2.6m 0.04% Added +22.8k +22,840
80 CURA WEALTH ADVISORS, LLC 1.03% of their portfolio CHICAGO, IL 44,47144.5k $2.5m $2.5m 1.03% Added +1.8k +1,800
81 Deane Retirement Strategies, Inc. 1.17% of their portfolio NEW ORLEANS, LA 43,02343.0k $2.5m $2.5m 1.17% New
82 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 42,40042.4k $2.4m $2.4m 0.01% New
83 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 41,88341.9k $2.4m $2.4m 0.02% Added +10.1k +10,081
84 INSIGNEO ADVISORY SERVICES, LLC 0.24% of their portfolio MIAMI, FL 41,18041.2k $2.4m $2.4m 0.24% Added +921 +921
85 MOON CAPITAL MANAGEMENT LP 1.84% of their portfolio NEW YORK, NY 40,62740.6k $2.3m $2.3m 1.84% Unchanged
86 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 39,72039.7k $2.3m $2.3m 0.00% Reduced -2.1k -2,129
87 Atria Wealth Solutions, Inc. 0.03% of their portfolio NEW YORK, NY 39,44739.4k $2.3m $2.3m 0.03% Added +6.3k +6,278
88 MONEY CONCEPTS CAPITAL CORP 0.17% of their portfolio PALM BEACH GARDENS, FL 39,37439.4k $2.3m $2.3m 0.17% Reduced -1.8k -1,842
89 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 37,40037.4k $2.1m $2.1m 0.04% Added +644 +644
90 CHELSEA COUNSEL CO 1.11% of their portfolio Woodland Hills, CA 35,83035.8k $2.0m $2.0m 1.11% Unchanged
91 Prospera Financial Services Inc 0.05% of their portfolio Dallas, TX 35,52035.5k $2.0m $2.0m 0.05% Added +1.5k +1,535
92 West Family Investments, Inc. 0.74% of their portfolio CARLSBAD, CA 34,50034.5k $2.0m $2.0m 0.74% Unchanged
93 PARSONS CAPITAL MANAGEMENT INC/RI 0.11% of their portfolio PROVIDENCE, RI 34,00434.0k $1.9m $1.9m 0.11% Added +100 +100
94 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 33,94633.9k $1.9m $1.9m 0.00% Added +275 +275
95 SeaBridge Investment Advisors LLC 0.42% of their portfolio SUMMIT, NJ 33,74533.7k $1.9m $1.9m 0.42% Added +11.6k +11,565
96 Beirne Wealth Consulting Services, LLC 0.68% of their portfolio SHELTON, CT 33,45733.5k $1.9m $1.9m 0.68% Added +1.5k +1,533
97 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 33,18133.2k $1.9m $1.9m 0.01% Added +11.8k +11,824
98 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 32,53232.5k $1.9m $1.9m 0.02% Reduced -4.8k -4,847
99 W1M Asset Management Ltd 0.16% of their portfolio London, X0 32,28632.3k $1.8m $1.8m 0.16% New
100 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 31,89631.9k $1.8m $1.8m 0.00% Reduced -705 -705