Vault-13

VANECK ETF TRUST GDXJ

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

401 institutional holders +32 vs Q2 2025
40,890,41240.9m shares reported held*
$4.0bnreported value*
66 new 126 added 100 reduced 33 sold out net bought ≈ $311.7m (+3.1m 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 ($32.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $99.03. Options: 25 managers hold calls ($606.0m notional), 24 hold puts ($676.4m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 241Q4 22: 284Q1 23: 265Q2 23: 266Q3 23: 262Q4 23: 305Q1 24: 299Q2 24: 305Q3 24: 326Q4 24: 330Q1 25: 340Q2 25: 369Q3 25: 401401Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025401

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 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 25Q2 25: 163 bought or addedQ2 25: 157 cut or sold outQ3 25: 192 bought or addedQ3 25: 133 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023134113
Q1 2024134130
Q2 2024124138
Q3 2024136138
Q4 2024141141
Q1 2025148146
Q2 2025163157
Q3 2025192133

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ4 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 0.94Q3 25 calls: $606.0mQ3 25 puts: $676.4mQ3 25P/C 1.12
Numbers
QuarterCallsPutsP/C
Q4 2024$268.6m$310.5m1.16
Q1 2025$229.0m$387.0m1.69
Q2 2025$377.2m$352.7m0.94
Q3 2025$606.0m$676.4m1.12

Biggest buyers

Lingotto Investment Management LLP Added +2,589,794+2.6m
BANK OF MONTREAL /CAN/ Added +2,149,559+2.1m
CITIGROUP INC Added +2,065,578+2.1m
BNP PARIBAS FINANCIAL MARKETS Added +488,893+488.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +465,741+465.7k
MORGAN STANLEY Added +441,649+441.6k
WELLS FARGO & COMPANY/MN Added +259,332+259.3k
Twin Tree Management, LP Added +167,199+167.2k
Foundations Investment Advisors, LLC New +78,186+78.2k
Gemsstock Ltd. Added +72,500+72.5k

Biggest sellers

ROYAL BANK OF CANADA Reduced -2,458,351-2.5m
JPMORGAN CHASE & CO Reduced -934,313-934.3k
TEACHER RETIREMENT SYSTEM OF TEXAS Reduced -420,000-420.0k
Pureheart Capital Pte Ltd. Sold out -339,000-339.0k
Nearwater Capital Markets, Ltd Reduced -250,000-250.0k
Rafferty Asset Management, LLC Reduced -237,313-237.3k
RAYMOND JAMES FINANCIAL INC Reduced -145,978-146.0k
Financial Sense Advisors, Inc. Sold out -128,518-128.5k
Heartwood Wealth Advisors LLC Reduced -124,556-124.6k
Qube Research & Technologies Ltd Reduced -117,088-117.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $176.3m1.8m shares
CITADEL ADVISORS LLC Reduced $89.4m902.5k shares
JANE STREET GROUP, LLC Added $63.5m640.9k shares
WOLVERINE TRADING, LLC Added $48.2m490.5k shares
Cubist Systematic Strategies, LLC Added $35.1m354.4k shares
PEAK6 LLC Added $34.2m345.6k shares
BlackRock, Inc. Unchanged $34.2m345.0k shares
Twin Tree Management, LP New $32.7m330.1k shares
CITIGROUP INC New $28.2m285.0k shares
P SCHOENFELD ASSET MANAGEMENT LP Reduced $19.8m200.0k shares

Biggest puts

JANE STREET GROUP, LLC Added $158.6m1.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $153.6m1.6m shares
MARSHALL WACE, LLP Added $88.8m896.4k shares
CITADEL ADVISORS LLC Reduced $83.7m845.5k shares
Walleye Trading LLC Added $32.6m329.6k shares
Cubist Systematic Strategies, LLC Added $27.3m276.0k shares
CITIGROUP INC New $18.8m189.9k shares
WELLS FARGO & COMPANY/MN Unchanged $17.3m174.2k shares
Belvedere Trading LLC Added $16.4m166.1k shares
Amitell Capital Pte Ltd New $14.0m141.0k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lingotto Investment Management LLP 4.76% of their portfolio London, X0 5,165,4745.2m $511.5m $511.5m 4.76% Added +2.6m +2,589,794
2 BANK OF MONTREAL /CAN/ 0.16% of their portfolio TORONTO, A6 3,870,4893.9m $383.3m $383.3m 0.16% Added +2.1m +2,149,559
3 UBS Group AG 0.06% of their portfolio ZURICH, V8 3,141,4523.1m $311.1m $311.1m 0.06% Added +59.4k +59,435
4 CITIGROUP INC 0.20% of their portfolio NEW YORK, NY 2,992,1973.0m $296.3m $296.3m 0.20% Added +2.1m +2,065,578
5 BESSEMER GROUP INC 0.43% of their portfolio WOODBRIDGE, NJ 2,846,6502.8m $281.9m $281.9m 0.43% Unchanged
6 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,161,1212.2m $214.0m $214.0m 0.01% Added +441.6k +441,649
7 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 1,982,1162.0m $196.3m $196.3m 0.03% Added +23.2k +23,234
8 BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio PARIS, I0 1,355,0791.4m $134.2m $134.2m 0.10% Added +488.9k +488,893
9 Rafferty Asset Management, LLC 0.43% of their portfolio New York, NY 1,345,5591.3m $133.3m $133.3m 0.43% Reduced -237.3k -237,313
10 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 877,381877.4k $86.9m $86.9m 0.02% Added +259.3k +259,332
11 Nearwater Capital Markets, Ltd 1.14% of their portfolio NEW YORK, NY 860,000860.0k $85.2m $85.2m 1.14% Reduced -250.0k -250,000
12 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 784,943784.9k $77.7m $77.7m 0.01% Reduced -2.5m -2,458,351
13 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 748,482748.5k $74.1m $74.1m 0.09% Added +35.7k +35,741
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio BALA CYNWYD, PA 593,260593.3k $58.8m $58.8m 0.09% Added +465.7k +465,741
15 D. E. Shaw & Co., Inc. 0.05% of their portfolio New York, NY 589,745589.7k $58.4m $58.4m 0.05% Added +31.9k +31,882
16 Panview Capital Ltd 22.67% of their portfolio HONG KONG, K3 538,200538.2k $53.3m $53.3m 22.67% Reduced -110.0k -110,000
17 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 525,892525.9k $52.1m $52.1m 0.02% Added +1.4k +1,438
18 Heartwood Wealth Advisors LLC 4.85% of their portfolio RICHMOND, VA 524,950525.0k $52.0m $52.0m 4.85% Reduced -124.6k -124,556
19 Twin Tree Management, LP 2.26% of their portfolio DALLAS, TX 489,674489.7k $48.5m $48.5m 2.26% Added +167.2k +167,199
20 THOR INVESTMENT MANAGEMENT INC /OH/ /ADV 24.81% of their portfolio CINCINNATI, OH 415,941415.9k $41.2m $41.2m 24.81% Reduced -7.7k -7,669
21 Gemsstock Ltd. 7.45% of their portfolio London, X0 365,858365.9k $36.2m $36.2m 7.45% Added +72.5k +72,500
22 TEACHER RETIREMENT SYSTEM OF TEXAS 0.14% of their portfolio AUSTIN, TX 364,000364.0k $36.0m $36.0m 0.14% Reduced -420.0k -420,000
23 Artisan Partners Limited Partnership 0.05% of their portfolio Milwaukee, WI 360,140360.1k $35.7m $35.7m 0.05% Reduced -43.8k -43,760
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 239,555239.6k $23.7m $23.7m 0.00% Reduced -41.1k -41,094
25 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 222,212222.2k $22.0m $22.0m 0.02% Added +49.9k +49,873
26 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 196,043196.0k $19.4m $19.4m 0.02% Reduced -17.5k -17,463
27 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 178,812178.8k $17.7m $17.7m 0.02% Added +16.9k +16,871
28 Vanderbilt University 2.69% of their portfolio NASHVILLE, TN 163,825163.8k $16.2m $16.2m 2.69% Unchanged
29 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 150,829150.8k $14.9m $14.9m 0.02% Reduced -6.2k -6,234
30 ROYCE & ASSOCIATES LP 0.15% of their portfolio New York, NY 148,758148.8k $14.7m $14.7m 0.15% Unchanged
31 Fielder Capital Group LLC 3.25% of their portfolio NASHVILLE, TN 144,225144.2k $14.3m $14.3m 3.25% Unchanged
32 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 142,940142.9k $14.2m $14.2m 0.02% Added +1.8k +1,825
33 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 142,725142.7k $14.2m $14.2m 0.00% Reduced -8.3k -8,303
34 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 138,961139.0k $13.8m $13.8m 0.00% Reduced -146.0k -145,978
35 Riggs Asset Managment Co. Inc. 2.87% of their portfolio DALLAS, PA 133,854133.9k $13.3m $13.3m 2.87% Added +30.5k +30,497
36 Carrera Capital Advisors 2.27% of their portfolio TROY, MI 127,486127.5k $12.6m $12.6m 2.27% Added +1.9k +1,918
37 BEARING POINT CAPITAL, LLC 2.13% of their portfolio BLOOMINGTON, MN 124,877124.9k $12.4m $12.4m 2.13% Added +640 +640
38 HOLLENCREST CAPITAL MANAGEMENT 0.44% of their portfolio NEWPORT BEACH, CA 121,690121.7k $12.1m $12.1m 0.44% Added +1.8k +1,828
39 NWAM LLC 0.68% of their portfolio MERCER ISLAND, WA 118,437118.4k $12.6m $12.6m 0.68% Reduced -6.5k -6,491
40 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 107,329107.3k $10.6m $10.6m 0.02% Added +4.2k +4,245
41 Kercheville Advisors, LLC 3.19% of their portfolio San Antonio, TX 106,541106.5k $10.6m $10.6m 3.19% Reduced -2.9k -2,851
42 Amundi 0.00% of their portfolio Paris, I0 104,950105.0k $10.8m $10.8m 0.00% Reduced -33.0k -33,050
43 Freemont Management S.A. 7.12% of their portfolio VAUD, V8 90,00090.0k $8.9m $8.9m 7.12% Reduced -30.0k -30,000
44 EASTERLY INVESTMENT PARTNERS LLC 0.59% of their portfolio BEVERLY, MA 88,06188.1k $8.7m $8.7m 0.59% Added +2.5k +2,549
45 Nokomis Capital, L.L.C. 3.03% of their portfolio DALLAS, TX 86,31586.3k $8.5m $8.5m 3.03% Unchanged
46 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 86,16686.2k $8.5m $8.5m 0.01% Reduced -74.7k -74,684
47 LONESTAR CAPITAL MANAGEMENT LLC 5.78% of their portfolio San Francisco, CA 84,00084.0k $8.3m $8.3m 5.78% Reduced -11.0k -11,000
48 Kingsview Wealth Management, LLC 0.12% of their portfolio GRANTS PASS, OR 79,17579.2k $7.8m $7.8m 0.12% Added +6.2k +6,247
49 Foundations Investment Advisors, LLC 0.11% of their portfolio PHOENIX, AZ 78,18678.2k $7.7m $7.7m 0.11% New
50 ABBINGTON INVESTMENT GROUP 6.61% of their portfolio WESTPORT, CT 77,91677.9k $7.7m $7.7m 6.61% First filing
51 TCFG WEALTH MANAGEMENT, LLC 2.87% of their portfolio LAGUNA NIGUEL, CA 73,81873.8k $7.3m $7.3m 2.87% Added +45.9k +45,898
52 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 70,90070.9k $7.0m $7.0m 0.01% Added +23.0k +23,000
53 Federation des caisses Desjardins du Quebec 0.03% of their portfolio LEVIS, A8 68,69168.7k $6.8m $6.8m 0.03% Added +43.7k +43,680
54 SMITH, MOORE & CO. 0.51% of their portfolio CLAYTON, MO 67,53367.5k $6.7m $6.7m 0.51% Added +195 +195
55 Financially Speaking Inc 4.37% of their portfolio GREENWOOD VILLAGE, CO 67,23867.2k $6.7m $6.7m 4.37% New
56 Corecam Pte. Ltd. 3.47% of their portfolio SINGAPORE, U0 65,68065.7k $6.5m $6.5m 3.47% Reduced -101.8k -101,800
57 Prospera Financial Services Inc 0.11% of their portfolio Dallas, TX 65,48865.5k $6.5m $6.5m 0.11% Added +4.7k +4,669
58 Inlight Wealth Management, LLC 2.92% of their portfolio ATLANTA, GA 62,76062.8k $6.2m $6.2m 2.92% Reduced -157 -157
59 Canoe Financial LP 0.09% of their portfolio CALGARY, A0 62,57162.6k $6.2m $6.2m 0.09% Reduced -23.3k -23,262
60 CAPITAL FUND MANAGEMENT S.A. 0.06% of their portfolio PARIS, I0 61,64861.6k $6.1m $6.1m 0.06% Reduced -37.3k -37,311
61 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 59,63959.6k $5.9m $5.9m 0.03% Reduced -11.8k -11,790
62 TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio STAMFORD, CT 59,63659.6k $5.9m $5.9m 0.04% Reduced -40.5k -40,494
63 SummitTX Capital, L.P. 0.24% of their portfolio FORT WORTH, TX 57,80057.8k $5.7m $5.7m 0.24% Added +2.0k +2,000
64 Eschler Asset Management LLP 4.10% of their portfolio London, X0 55,78155.8k $5.5m $5.5m 4.10% Reduced -94.2k -94,219
65 K.J. Harrison & Partners Inc 0.79% of their portfolio TORONTO, A6 55,18055.2k $5.5m $5.5m 0.79% Added +30.0k +30,021
66 Heck Capital Advisors, LLC 0.41% of their portfolio Rhinelander, WI 53,95854.0k $5.3m $5.3m 0.41% Added +3.5k +3,516
67 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 51,58351.6k $5.1m $5.1m 0.00% Added +20.4k +20,392
68 PARSONS CAPITAL MANAGEMENT INC/RI 0.28% of their portfolio PROVIDENCE, RI 50,02350.0k $5.0m $5.0m 0.28% Added +10.2k +10,175
69 INTREPID FAMILY OFFICE LLC 4.48% of their portfolio SARASOTA, FL 50,00050.0k $5.0m $5.0m 4.48% Reduced -20.0k -20,000
70 BARD ASSOCIATES INC 1.29% of their portfolio CHICAGO, IL 49,01149.0k $4.9m $4.9m 1.29% Reduced -19.1k -19,065
71 Realta Investment Advisors 1.59% of their portfolio WILMINGTON, DE 48,05048.0k $4.8m $4.8m 1.59% Unchanged
72 PCG Wealth Advisors, LLC 1.35% of their portfolio OVERLAND PARK, KS 46,67546.7k $4.6m $4.6m 1.35% Reduced -24.4k -24,405
73 IMC-Chicago, LLC 0.08% of their portfolio CHICAGO, IL 46,61146.6k $4.6m $4.6m 0.08% New
74 Beacon Pointe Advisors, LLC 0.04% of their portfolio NEWPORT BEACH, CA 44,78244.8k $4.4m $4.4m 0.04% New
75 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 44,34544.3k $4.4m $4.4m 0.00% Reduced -6.8k -6,765
76 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 44,21044.2k $4.4m $4.4m 0.01% Added +577 +577
77 INSIGNEO ADVISORY SERVICES, LLC 0.30% of their portfolio MIAMI, FL 43,54543.5k $4.3m $4.3m 0.30% Added +4.1k +4,099
78 Deane Retirement Strategies, Inc. 1.84% of their portfolio NEW ORLEANS, LA 43,29243.3k $4.3m $4.3m 1.84% Reduced -381 -381
79 CURA WEALTH ADVISORS, LLC 1.63% of their portfolio CHICAGO, IL 42,75642.8k $4.2m $4.2m 1.63% Reduced -1.6k -1,615
80 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 0.62% of their portfolio NEW YORK, NY 42,24542.2k $4.2m $4.2m 0.62% Reduced -7.8k -7,821
81 Marex Group Ltd 0.05% of their portfolio London, X0 41,54241.5k $4.1m $4.1m 0.05% Added +18.0k +18,043
82 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 41,13641.1k $4.1m $4.1m 0.02% Added +31.5k +31,541
83 MOON CAPITAL MANAGEMENT LP 2.96% of their portfolio NEW YORK, NY 40,62740.6k $4.0m $4.0m 2.96% Unchanged
84 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 39,26639.3k $3.9m $3.9m 0.01% Unchanged
85 Brookwood Investment Group LLC 0.50% of their portfolio PHOENIX, AZ 38,87038.9k $3.8m $3.8m 0.50% Added +21.7k +21,673
86 Main Street Financial Solutions, LLC 0.25% of their portfolio NEWTOWN, PA 38,71538.7k $3.8m $3.8m 0.25% Reduced -1.4k -1,400
87 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 38,57638.6k $3.4m $3.4m 0.00% Added +11.9k +11,878
88 MONEY CONCEPTS CAPITAL CORP 0.23% of their portfolio PALM BEACH GARDENS, FL 38,43938.4k $3.8m $3.8m 0.23% Reduced -247 -247
89 PRELUDE CAPITAL MANAGEMENT, LLC 0.29% of their portfolio NEW YORK, NY 37,03437.0k $3.7m $3.7m 0.29% Added +9.9k +9,920
90 SeaBridge Investment Advisors LLC 0.58% of their portfolio SUMMIT, NJ 35,98036.0k $3.6m $3.6m 0.58% Added +2.1k +2,119
91 SBI Securities Co., Ltd. 0.09% of their portfolio TOKYO, M0 35,74835.7k $3.5m $3.5m 0.09% Added +5.5k +5,539
92 CHELSEA COUNSEL CO 1.55% of their portfolio Woodland Hills, CA 35,26035.3k $3.5m $3.5m 1.55% Unchanged
93 Pekin Hardy Strauss, Inc. 0.35% of their portfolio CHICAGO, IL 35,13435.1k $3.5m $3.5m 0.35% Added +2.1k +2,090
94 West Family Investments, Inc. 0.76% of their portfolio CARLSBAD, CA 34,50034.5k $3.4m $3.4m 0.76% Unchanged
95 Brevan Howard Capital Management LP 0.05% of their portfolio ST. HELIER, Y9 33,71333.7k $3.3m $3.3m 0.05% Added +10.8k +10,788
96 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 31,44131.4k $3.1m $3.1m 0.00% Reduced -87.3k -87,339
97 Beirne Wealth Consulting Services, LLC 0.74% of their portfolio SHELTON, CT 31,29131.3k $3.1m $3.1m 0.74% Added +239 +239
98 Garden State Investment Advisory Services LLC 0.77% of their portfolio Red Bank, NJ 30,63930.6k $3.0m $3.0m 0.77% New
99 HARBOR INVESTMENT ADVISORY, LLC 0.25% of their portfolio LUTHERVILLE, MD 30,60730.6k $3.0m $3.0m 0.25% Added +22.8k +22,795
100 SPROTT INC. 0.11% of their portfolio TORONTO, A6 30,05430.1k $3.0m $3.0m 0.11% Added +19.4k +19,435