Vault-13

VANECK ETF TRUST GDXJ

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

369 institutional holders +29 vs Q1 2025
37,674,55837.7m shares reported held*
$2.5bnreported value*
67 new 96 added 117 reduced 40 sold out net sold ≈ $264.8m (-3.9m 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 ($11.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $67.48. Options: 19 managers hold calls ($377.2m notional), 16 hold puts ($352.7m).

Trends to Q2 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: 340Q2 25: 369369Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025369

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 24Q1 25: 148 bought or addedQ1 25: 146 cut or sold outQ2 25: 163 bought or addedQ2 25: 157 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202384121
Q4 2023134113
Q1 2024134130
Q2 2024124138
Q3 2024136138
Q4 2024141141
Q1 2025148146
Q2 2025163157

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ3 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 1.69Q2 25 calls: $377.2mQ2 25 puts: $352.7mQ2 25P/C 0.94
Numbers
QuarterCallsPutsP/C
Q3 2024$481.0m$502.1m1.04
Q4 2024$268.6m$310.5m1.16
Q1 2025$229.0m$387.0m1.69
Q2 2025$377.2m$352.7m0.94

Biggest buyers

ROYAL BANK OF CANADA Added +2,894,076+2.9m
BNP PARIBAS FINANCIAL MARKETS Added +803,854+803.9k
D. E. Shaw & Co., Inc. New +557,863+557.9k
TEACHER RETIREMENT SYSTEM OF TEXAS Added +400,000+400.0k
Nearwater Capital Markets, Ltd Added +360,000+360.0k
Eschler Asset Management LLP New +150,000+150.0k
Gemsstock Ltd. Added +133,658+133.7k
Financial Sense Advisors, Inc. New +128,518+128.5k
Qube Research & Technologies Ltd New +117,089+117.1k
LPL Financial LLC Added +109,045+109.0k

Biggest sellers

Alaska Permanent Fund Corp Sold out -2,742,791-2.7m
UBS Group AG Reduced -1,537,307-1.5m
Invesco Ltd. Reduced -964,350-964.4k
JPMORGAN CHASE & CO Reduced -807,337-807.3k
BANK OF MONTREAL /CAN/ Reduced -554,295-554.3k
ANTIPODES PARTNERS Ltd Reduced -549,734-549.7k
DISCOVERY CAPITAL MANAGEMENT, LLC / CT Sold out -428,600-428.6k
CITIGROUP INC Reduced -427,209-427.2k
JANE STREET GROUP, LLC Reduced -406,532-406.5k
MARSHALL WACE, LLP Reduced -262,694-262.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $85.2m1.3m shares
CITADEL ADVISORS LLC Reduced $68.5m1.0m shares
MASTERS CAPITAL MANAGEMENT LLC New $67.6m1.0m shares
JANE STREET GROUP, LLC Added $33.8m500.3k shares
WOLVERINE TRADING, LLC Added $24.7m377.4k shares
BlackRock, Inc. Added $23.3m345.0k shares
Cubist Systematic Strategies, LLC Added $16.8m248.2k shares
P SCHOENFELD ASSET MANAGEMENT LP New $14.9m220.0k shares
PEAK6 LLC Added $13.8m204.8k shares
Concentric Capital Strategies, LP New $8.2m120.9k shares

Biggest puts

JANE STREET GROUP, LLC Added $90.3m1.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $73.5m1.1m shares
CITADEL ADVISORS LLC Reduced $72.9m1.1m shares
MARSHALL WACE, LLP Added $40.3m596.7k shares
Walleye Trading LLC Reduced $17.9m265.5k shares
WELLS FARGO & COMPANY/MN Unchanged $11.8m174.2k shares
Cubist Systematic Strategies, LLC Added $9.1m134.9k shares
NOMURA HOLDINGS INC Unchanged $8.1m120.0k shares
WOLVERINE TRADING, LLC Added $7.5m115.1k shares
Verition Fund Management LLC Reduced $4.7m69.5k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 3,243,2943.2m $219.2m $219.2m 0.02% Added +2.9m +2,894,076
2 UBS Group AG 0.04% of their portfolio ZURICH, V8 3,082,0173.1m $208.3m $208.3m 0.04% Reduced -1.5m -1,537,307
3 BESSEMER GROUP INC 0.31% of their portfolio WOODBRIDGE, NJ 2,846,6502.8m $192.4m $192.4m 0.31% Unchanged
4 Lingotto Investment Management LLP 3.74% of their portfolio London, X0 2,575,6802.6m $174.1m $174.1m 3.74% Added +50.2k +50,185
5 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 1,958,8822.0m $132.4m $132.4m 0.02% Reduced -964.4k -964,350
6 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 1,720,9301.7m $116.3m $116.3m 0.06% Reduced -554.3k -554,295
7 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,719,4721.7m $116.2m $116.2m 0.01% Reduced -178.0k -177,993
8 Rafferty Asset Management, LLC 0.35% of their portfolio New York, NY 1,582,8721.6m $107.0m $107.0m 0.35% Reduced -119.2k -119,218
9 Nearwater Capital Markets, Ltd 1.20% of their portfolio NEW YORK, NY 1,110,0001.1m $75.0m $75.0m 1.20% Added +360.0k +360,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 944,959945.0k $63.9m $63.9m 0.00% Reduced -807.3k -807,337
11 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 926,619926.6k $62.6m $62.6m 0.04% Reduced -427.2k -427,209
12 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 866,186866.2k $58.5m $58.5m 0.05% Added +803.9k +803,854
13 TEACHER RETIREMENT SYSTEM OF TEXAS 0.22% of their portfolio AUSTIN, TX 784,000784.0k $53.0m $53.0m 0.22% Added +400.0k +400,000
14 Cetera Investment Advisers 0.08% of their portfolio SCHAUMBURG, IL 712,741712.7k $48.2m $48.2m 0.08% Added +16.1k +16,137
15 Heartwood Wealth Advisors LLC 4.58% of their portfolio RICHMOND, VA 649,506649.5k $43.9m $43.9m 4.58% Added +3.7k +3,669
16 Panview Capital Ltd 13.94% of their portfolio HONG KONG, K3 648,200648.2k $43.8m $43.8m 13.94% Added +36.0k +36,000
17 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 618,049618.0k $41.8m $41.8m 0.01% Reduced -86.0k -85,987
18 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 557,863557.9k $37.7m $37.7m 0.04% New
19 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 524,454524.5k $35.4m $35.4m 0.01% Added +109.0k +109,045
20 THOR INVESTMENT MANAGEMENT INC /OH/ /ADV 19.44% of their portfolio CINCINNATI, OH 423,610423.6k $28.6m $28.6m 19.44% Reduced -32.5k -32,458
21 Artisan Partners Limited Partnership 0.04% of their portfolio Milwaukee, WI 403,900403.9k $27.3m $27.3m 0.04% Added +1.2k +1,200
22 Pureheart Capital Pte Ltd. 3.79% of their portfolio SINGAPORE, U0 339,000339.0k $22.9m $22.9m 3.79% Added +6.0k +6,000
23 Twin Tree Management, LP 0.55% of their portfolio DALLAS, TX 322,475322.5k $21.8m $21.8m 0.55% Added +6.8k +6,841
24 Gemsstock Ltd. 3.54% of their portfolio London, X0 293,358293.4k $19.8m $19.8m 3.54% Added +133.7k +133,658
25 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 284,939284.9k $19.3m $19.3m 0.01% Reduced -16.2k -16,188
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 280,649280.6k $19.0m $19.0m 0.00% Reduced -172.8k -172,844
27 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 213,506213.5k $14.4m $14.4m 0.02% Reduced -5.7k -5,721
28 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 172,339172.3k $11.6m $11.6m 0.01% Reduced -5.3k -5,314
29 Corecam Pte. Ltd. 6.37% of their portfolio SINGAPORE, U0 167,480167.5k $11.3m $11.3m 6.37% Added +2.8k +2,780
30 Vanderbilt University 2.09% of their portfolio NASHVILLE, TN 163,825163.8k $11.1m $11.1m 2.09% Reduced -56.0k -55,990
31 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 161,941161.9k $10.9m $10.9m 0.01% Reduced -415 -415
32 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 160,850160.8k $10.9m $10.9m 0.02% Reduced -10.9k -10,950
33 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 157,063157.1k $10.6m $10.6m 0.01% Reduced -21.5k -21,484
34 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 151,028151.0k $10.2m $10.2m 0.00% Reduced -74.0k -73,994
35 Eschler Asset Management LLP 7.65% of their portfolio London, X0 150,000150.0k $10.1m $10.1m 7.65% New
36 ROYCE & ASSOCIATES LP 0.10% of their portfolio New York, NY 148,758148.8k $10.1m $10.1m 0.10% Reduced -145.0k -145,000
37 Fielder Capital Group LLC 2.60% of their portfolio NASHVILLE, TN 144,225144.2k $9.7m $9.7m 2.60% Unchanged
38 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 141,115141.1k $9.5m $9.5m 0.01% Added +17.4k +17,375
39 Amundi 0.00% of their portfolio Paris, I0 138,000138.0k $9.4m $9.4m 0.00% Added +68.0k +68,000
40 Financial Sense Advisors, Inc. 2.10% of their portfolio SAN DIEGO, CA 128,518128.5k $8.7m $8.7m 2.10% New
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 127,519127.5k $8.6m $8.6m 0.01% Added +40.3k +40,308
42 Carrera Capital Advisors 1.71% of their portfolio TROY, MI 125,568125.6k $8.5m $8.5m 1.71% Added +11.7k +11,691
43 NWAM LLC 0.47% of their portfolio MERCER ISLAND, WA 124,928124.9k $8.0m $8.0m 0.47% Added +6.3k +6,267
44 BEARING POINT CAPITAL, LLC 1.55% of their portfolio BLOOMINGTON, MN 124,237124.2k $8.4m $8.4m 1.55% Reduced -25.7k -25,730
45 Freemont Management S.A. 1.03% of their portfolio VAUD, V8 120,000120.0k $6.2m $6.2m 1.03% Added +30.0k +30,000
46 HOLLENCREST CAPITAL MANAGEMENT 0.35% of their portfolio NEWPORT BEACH, CA 119,862119.9k $8.1m $8.1m 0.35% Unchanged
47 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 118,780118.8k $8.0m $8.0m 0.01% Reduced -406.5k -406,532
48 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 117,089117.1k $7.9m $7.9m 0.01% New
49 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 112,528112.5k $7.6m $7.6m 0.01% Reduced -262.7k -262,694
50 Kercheville Advisors, LLC 2.55% of their portfolio San Antonio, TX 109,392109.4k $7.4m $7.4m 2.55% Reduced -2.9k -2,925
51 Riggs Asset Managment Co. Inc. 1.72% of their portfolio DALLAS, PA 103,357103.4k $7.0m $7.0m 1.72% Reduced -262 -262
52 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 103,084103.1k $7.0m $7.0m 0.02% Added +11.4k +11,424
53 Ballew Advisors, Inc 4.17% of their portfolio Jackson, MS 102,572102.6k $7.0m $7.0m 4.17% Added +202 +202
54 TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio STAMFORD, CT 100,130100.1k $6.8m $6.8m 0.05% Added +67.6k +67,598
55 CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio PARIS, I0 98,95999.0k $6.7m $6.7m 0.07% Added +36.9k +36,881
56 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 97,50097.5k $6.6m $6.6m 0.01% New
57 LONESTAR CAPITAL MANAGEMENT LLC 5.58% of their portfolio San Francisco, CA 95,00095.0k $6.4m $6.4m 5.58% New
58 Jump Financial, LLC 0.08% of their portfolio Chicago, IL 91,84991.8k $6.2m $6.2m 0.08% New
59 Nokomis Capital, L.L.C. 2.44% of their portfolio DALLAS, TX 86,31586.3k $5.8m $5.8m 2.44% Reduced -6.2k -6,200
60 Canoe Financial LP 0.08% of their portfolio CALGARY, A0 85,83385.8k $5.8m $5.8m 0.08% Reduced -9.4k -9,382
61 EASTERLY INVESTMENT PARTNERS LLC 0.41% of their portfolio BEVERLY, MA 85,51285.5k $5.8m $5.8m 0.41% Reduced -600 -600
62 Kingsview Wealth Management, LLC 0.08% of their portfolio GRANTS PASS, OR 72,92872.9k $4.9m $4.9m 0.08% New
63 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 71,42971.4k $4.8m $4.8m 0.02% Reduced -2.3k -2,319
64 PCG Wealth Advisors, LLC 2.46% of their portfolio OVERLAND PARK, KS 71,08071.1k $4.8m $4.8m 2.46% Reduced -22.3k -22,294
65 INTREPID FAMILY OFFICE LLC 5.11% of their portfolio SARASOTA, FL 70,00070.0k $4.7m $4.7m 5.11% New
66 BARD ASSOCIATES INC 1.48% of their portfolio CHICAGO, IL 68,07668.1k $4.6m $4.6m 1.48% Reduced -7.0k -6,951
67 SMITH, MOORE & CO. 0.38% of their portfolio CLAYTON, MO 67,33867.3k $4.6m $4.6m 0.38% Added +287 +287
68 Inlight Wealth Management, LLC 2.20% of their portfolio ATLANTA, GA 62,91762.9k $4.3m $4.3m 2.20% Reduced -597 -597
69 Concentric Capital Strategies, LP 0.23% of their portfolio Stamford, CT 61,05361.1k $4.1m $4.1m 0.23% New
70 Prospera Financial Services Inc 0.08% of their portfolio Dallas, TX 60,81960.8k $4.1m $4.1m 0.08% Added +25.3k +25,299
71 ANTIPODES PARTNERS Ltd 0.12% of their portfolio ROYAL EXCHANGE, C3 58,45758.5k $4.0m $4.0m 0.12% Reduced -549.7k -549,734
72 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 57,59657.6k $3.9m $3.9m 0.00% Added +25.7k +25,700
73 SummitTX Capital, L.P. 0.17% of their portfolio FORT WORTH, TX 55,80055.8k $3.8m $3.8m 0.17% Reduced -72.7k -72,700
74 Marathon Strategic Advisors, LLC 3.33% of their portfolio PITTSBURGH, PA 53,07953.1k $3.6m $3.6m 3.33% Reduced -4.2k -4,167
75 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 51,11051.1k $3.5m $3.5m 0.00% Added +11.4k +11,390
76 Heck Capital Advisors, LLC 0.29% of their portfolio Rhinelander, WI 50,44250.4k $3.4m $3.4m 0.29% Reduced -10.9k -10,924
77 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 0.53% of their portfolio NEW YORK, NY 50,06650.1k $3.4m $3.4m 0.53% Reduced -16.2k -16,152
78 New Harbor Financial Group, LLC 0.76% of their portfolio WORCESTER, MA 48,74848.7k $3.3m $3.3m 0.76% Reduced -14.9k -14,857
79 Realta Investment Advisors 1.28% of their portfolio WILMINGTON, DE 48,05048.0k $3.2m $3.2m 1.28% Added +32.1k +32,070
80 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 47,90047.9k $3.2m $3.2m 0.01% Added +5.5k +5,500
81 CURA WEALTH ADVISORS, LLC 1.40% of their portfolio CHICAGO, IL 44,37144.4k $3.0m $3.0m 1.40% Reduced -100 -100
82 Deane Retirement Strategies, Inc. 1.32% of their portfolio NEW ORLEANS, LA 43,67343.7k $2.9m $2.9m 1.32% Added +650 +650
83 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 43,63343.6k $2.9m $2.9m 0.01% Added +10.5k +10,452
84 GeoSphere Capital Management, LLC 2.94% of their portfolio MIAMI BEACH, FL 42,73542.7k $2.9m $2.9m 2.94% Reduced -32.5k -32,500
85 MOON CAPITAL MANAGEMENT LP 2.09% of their portfolio NEW YORK, NY 40,62740.6k $2.7m $2.7m 2.09% Unchanged
86 Main Street Financial Solutions, LLC 0.20% of their portfolio NEWTOWN, PA 40,11540.1k $2.7m $2.7m 0.20% Reduced -7.7k -7,690
87 PARSONS CAPITAL MANAGEMENT INC/RI 0.17% of their portfolio PROVIDENCE, RI 39,84839.8k $2.7m $2.7m 0.17% Added +5.8k +5,844
88 INSIGNEO ADVISORY SERVICES, LLC 0.23% of their portfolio MIAMI, FL 39,44639.4k $2.7m $2.7m 0.23% Reduced -1.7k -1,734
89 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 39,26639.3k $2.7m $2.7m 0.00% Added +5.3k +5,320
90 MONEY CONCEPTS CAPITAL CORP 0.17% of their portfolio PALM BEACH GARDENS, FL 38,68638.7k $2.6m $2.6m 0.17% Reduced -688 -688
91 CHELSEA COUNSEL CO 1.18% of their portfolio Woodland Hills, CA 35,26035.3k $2.4m $2.4m 1.18% Reduced -570 -570
92 West Family Investments, Inc. 0.00% of their portfolio CARLSBAD, CA 34,50034.5k $68 $68 0.00% Unchanged
93 SeaBridge Investment Advisors LLC 0.43% of their portfolio SUMMIT, NJ 33,86133.9k $2.3m $2.3m 0.43% Added +116 +116
94 Pekin Hardy Strauss, Inc. 0.25% of their portfolio CHICAGO, IL 33,04433.0k $2.2m $2.2m 0.25% Added +11.7k +11,709
95 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 31,19131.2k $2.1m $2.1m 0.00% Added +11.8k +11,793
96 Beirne Wealth Consulting Services, LLC 0.68% of their portfolio SHELTON, CT 31,05231.1k $2.1m $2.1m 0.68% Reduced -2.4k -2,405
97 SBI Securities Co., Ltd. 0.06% of their portfolio TOKYO, M0 30,20930.2k $2.0m $2.0m 0.06% Reduced -1.7k -1,656
98 Walleye Trading LLC 0.05% of their portfolio NEW YORK, NY 28,96229.0k $2.0m $2.0m 0.05% Added +12.0k +11,973
99 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 28,87428.9k $2.0m $2.0m 0.02% Reduced -713 -713
100 TWO SIGMA SECURITIES, LLC 0.24% of their portfolio NEW YORK, NY 28,32028.3k $1.9m $1.9m 0.24% New