Vault-13

VANECK ETF TRUST GDXJ

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

477 institutional holders +30 vs Q4 2025
38,281,73338.3m shares reported held*
$4.6bnreported value*
83 new 123 added 157 reduced 49 sold out net sold ≈ $262.3m (-2.2m 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 ($13.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $119.93. Options: 18 managers hold calls ($698.1m notional), 16 hold puts ($1.0bn).

Trends to Q1 2026

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: 401Q4 25: 447Q1 26: 477477Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025447
Q1 2026477

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q4 25: 201 bought or addedQ4 25: 184 cut or sold outQ1 26: 206 bought or addedQ1 26: 206 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024124138
Q3 2024136138
Q4 2024141141
Q1 2025148146
Q2 2025163157
Q3 2025192133
Q4 2025201184
Q1 2026206206

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ2 25 calls: $377.2mQ2 25 puts: $352.7mQ2 25P/C 0.94Q3 25 calls: $606.0mQ3 25 puts: $676.4mQ3 25P/C 1.12Q4 25 calls: $453.3mQ4 25 puts: $1.0bnQ4 25P/C 2.24Q1 26 calls: $698.1mQ1 26 puts: $1.0bnQ1 26P/C 1.44
Numbers
QuarterCallsPutsP/C
Q2 2025$377.2m$352.7m0.94
Q3 2025$606.0m$676.4m1.12
Q4 2025$453.3m$1.0bn2.24
Q1 2026$698.1m$1.0bn1.44

Biggest buyers

BANK OF NOVA SCOTIA New +1,000,000+1.0m
BANK OF MONTREAL /CAN/ Added +949,257+949.3k
GOLDMAN SACHS GROUP INC Added +751,465+751.5k
Jain Global LLC Added +593,490+593.5k
BNP PARIBAS FINANCIAL MARKETS Added +513,402+513.4k
MILLENNIUM MANAGEMENT LLC New +358,185+358.2k
CITADEL ADVISORS LLC New +175,874+175.9k
Allspring Global Investments Holdings, LLC New +125,575+125.6k
JANE STREET GROUP, LLC Added +122,429+122.4k
Deltroit Asset Management (UK) LLP New +112,000+112.0k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,639,745-1.6m
CITIGROUP INC Reduced -1,311,574-1.3m
UBS Group AG Reduced -626,944-626.9k
Lingotto Investment Management LLP Reduced -612,322-612.3k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -425,000-425.0k
TEACHER RETIREMENT SYSTEM OF TEXAS Sold out -379,000-379.0k
MORGAN STANLEY Reduced -318,598-318.6k
Rafferty Asset Management, LLC Reduced -317,935-317.9k
WELLS FARGO & COMPANY/MN Reduced -293,963-294.0k
PEAK6 LLC Sold out -264,530-264.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $190.3m1.6m shares
UBS Group AG Added $167.0m1.4m shares
CITIGROUP INC New $90.0m750.0k shares
BARCLAYS PLC Unchanged $69.9m582.5k shares
CITADEL ADVISORS LLC Added $66.1m550.6k shares
JANE STREET GROUP, LLC Added $46.6m388.6k shares
Point72 Asset Management, L.P. Reduced $21.9m182.6k shares
Walleye Trading LLC Reduced $19.3m160.4k shares
K2 PRINCIPAL FUND, L.P. Added $7.8m65.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $6.2m51.4k shares

Biggest puts

BNP PARIBAS FINANCIAL MARKETS New $210.1m17.5k shares
Jain Global LLC Added $166.8m1.4m shares
JANE STREET GROUP, LLC Reduced $145.0m1.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $134.6m1.1m shares
CITADEL ADVISORS LLC Added $122.9m1.0m shares
BARCLAYS PLC Unchanged $69.9m582.5k shares
MARSHALL WACE, LLP Reduced $49.5m412.5k shares
Anson Funds Management LP Added $48.0m400.0k shares
Point72 Asset Management, L.P. Reduced $22.1m184.5k shares
Walleye Trading LLC Reduced $17.5m145.4k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF MONTREAL /CAN/ 0.30% of their portfolio TORONTO, A6 5,987,5516.0m $718.7m $718.7m 0.30% Added +949.3k +949,257
2 UBS Group AG 0.08% of their portfolio ZURICH, V8 3,816,3723.8m $458.1m $458.1m 0.08% Reduced -626.9k -626,944
3 BESSEMER GROUP INC 0.50% of their portfolio WOODBRIDGE, NJ 2,673,5652.7m $320.9m $320.9m 0.50% Unchanged
4 Lingotto Investment Management LLP 4.74% of their portfolio London, X0 1,990,5722.0m $238.9m $238.9m 4.74% Reduced -612.3k -612,322
5 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,987,8852.0m $238.6m $238.6m 0.01% Reduced -318.6k -318,598
6 Nearwater Capital Markets, Ltd 4.64% of their portfolio NEW YORK, NY 1,638,0001.6m $196.6m $196.6m 4.64% Reduced -2.0k -2,000
7 BNP PARIBAS FINANCIAL MARKETS 0.12% of their portfolio PARIS, I0 1,483,5391.5m $178.1m $178.1m 0.12% Added +513.4k +513,402
8 Rafferty Asset Management, LLC 0.70% of their portfolio New York, NY 1,432,5401.4m $172.0m $172.0m 0.70% Reduced -317.9k -317,935
9 Jain Global LLC 1.69% of their portfolio NEW YORK, NY 1,103,4911.1m $132.5m $132.5m 1.69% Added +593.5k +593,490
10 BANK OF NOVA SCOTIA 0.21% of their portfolio TORONTO, A6 1,000,0001.0m $120.0m $120.0m 0.21% New
11 CITIGROUP INC 0.07% of their portfolio NEW YORK, NY 954,276954.3k $114.6m $114.6m 0.07% Reduced -1.3m -1,311,574
12 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 808,817808.8k $97.1m $97.1m 0.01% Added +751.5k +751,465
13 Cetera Investment Advisers 0.08% of their portfolio SCHAUMBURG, IL 651,747651.7k $78.2m $78.2m 0.08% Reduced -43.2k -43,178
14 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 589,939589.9k $70.8m $70.8m 0.02% Added +3.6k +3,645
15 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 416,428416.4k $50.0m $50.0m 0.05% Added +122.4k +122,429
16 THOR INVESTMENT MANAGEMENT INC /OH/ /ADV 25.60% of their portfolio CINCINNATI, OH 401,155401.2k $48.2m $48.2m 25.60% Reduced -8.9k -8,935
17 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 390,864390.9k $46.9m $46.9m 0.01% Reduced -294.0k -293,963
18 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 358,185358.2k $43.0m $43.0m 0.03% New
19 Panview Capital Ltd 8.77% of their portfolio HONG KONG, K3 341,365341.4k $41.0m $41.0m 8.77% Reduced -86.8k -86,835
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio BALA CYNWYD, PA 312,156312.2k $37.5m $37.5m 0.05% Reduced -1.6m -1,639,745
21 Heartwood Wealth Advisors LLC 3.12% of their portfolio RICHMOND, VA 298,166298.2k $35.8m $35.8m 3.12% Reduced -223.8k -223,806
22 Artisan Partners Limited Partnership 0.06% of their portfolio Milwaukee, WI 284,690284.7k $34.2m $34.2m 0.06% Reduced -79.4k -79,400
23 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 264,427264.4k $31.7m $31.7m 0.03% Added +71.5k +71,525
24 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 249,200249.2k $29.9m $29.9m 0.02% Reduced -20.8k -20,800
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 242,660242.7k $29.1m $29.1m 0.00% Added +8.9k +8,903
26 Eschler Asset Management LLP 25.18% of their portfolio London, X0 210,448210.4k $25.3m $25.3m 25.18% Added +10.4k +10,448
27 CAPITOLIS LIQUID GLOBAL MARKETS LLC 0.15% of their portfolio NEW YORK, NY 200,000200.0k $24.0m $24.0m 0.15% First filing
28 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 193,384193.4k $23.2m $23.2m 0.02% Added +4.3k +4,256
29 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 175,874175.9k $21.1m $21.1m 0.01% New
30 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 173,081173.1k $20.8m $20.8m 0.00% Reduced -72.0k -72,038
31 GTS SECURITIES LLC 0.68% of their portfolio NEW YORK, NY 160,258160.3k $19.2m $19.2m 0.68% Added +87.0k +86,981
32 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 1.39% of their portfolio GRAND BLANC, MI 150,101150.1k $18.0m $18.0m 1.39% Added +55.8k +55,808
33 Fielder Capital Group LLC 3.79% of their portfolio NASHVILLE, TN 144,938144.9k $17.4m $17.4m 3.79% Added +713 +713
34 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 143,074143.1k $17.2m $17.2m 0.01% Reduced -184.5k -184,508
35 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 135,662135.7k $16.3m $16.3m 0.02% Reduced -11.0k -10,960
36 BEARING POINT CAPITAL, LLC 2.53% of their portfolio BLOOMINGTON, MN 134,624134.6k $16.2m $16.2m 2.53% Reduced -24 -24
37 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 125,575125.6k $15.7m $15.7m 0.03% New
38 HOLLENCREST CAPITAL MANAGEMENT 0.55% of their portfolio NEWPORT BEACH, CA 122,976123.0k $14.8m $14.8m 0.55% Added +20 +20
39 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 120,565120.6k $12.0m $12.0m 0.00% Reduced -15.2k -15,157
40 Deltroit Asset Management (UK) LLP 2.33% of their portfolio LONDON, X0 112,000112.0k $13.4m $13.4m 2.33% New
41 SCOTIA CAPITAL INC. 0.05% of their portfolio TORONTO, A6 109,622109.6k $13.2m $13.2m 0.05% Added +72.5k +72,528
42 Walleye Capital LLC 0.08% of their portfolio NEW YORK, NY 109,000109.0k $13.1m $13.1m 0.08% New
43 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 108,137108.1k $13.0m $13.0m 0.02% Added +64 +64
44 Riggs Asset Managment Co. Inc. 2.55% of their portfolio DALLAS, PA 102,970103.0k $12.4m $12.4m 2.55% Reduced -29.1k -29,092
45 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 101,797101.8k $12.2m $12.2m 0.02% Added +101.0k +100,979
46 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 101,185101.2k $12.1m $12.1m 0.01% Reduced -26.9k -26,866
47 NWAM LLC 0.67% of their portfolio MERCER ISLAND, WA 97,52597.5k $11.7m $11.7m 0.67% Reduced -595 -595
48 ROYCE & ASSOCIATES LP 0.11% of their portfolio New York, NY 88,75888.8k $10.7m $10.7m 0.11% Reduced -25.0k -25,000
49 SMITH, MOORE & CO. 0.75% of their portfolio CLAYTON, MO 86,16986.2k $10.3m $10.3m 0.75% Added +17.9k +17,868
50 Professional Financial Management, Inc. 10.67% of their portfolio APPLETON, WI 85,39685.4k $10.3m $10.3m 10.67% Reduced -792 -792
51 Kercheville Advisors, LLC 3.28% of their portfolio San Antonio, TX 85,37185.4k $10.2m $10.2m 3.28% Reduced -6.5k -6,520
52 Vanderbilt University 1.89% of their portfolio NASHVILLE, TN 83,06083.1k $10.0m $10.0m 1.89% Reduced -84.5k -84,450
53 EASTERLY INVESTMENT PARTNERS LLC 0.72% of their portfolio BEVERLY, MA 80,11180.1k $9.4m $9.4m 0.72% Added +5.6k +5,600
54 Amundi 0.00% of their portfolio Paris, I0 79,81479.8k $9.6m $9.6m 0.00% Reduced -81.5k -81,519
55 Advisory Services Network, LLC 0.13% of their portfolio ATLANTA, GA 79,38679.4k $9.5m $9.5m 0.13% Added +73.6k +73,631
56 ABBINGTON INVESTMENT GROUP 5.53% of their portfolio WESTPORT, CT 79,13879.1k $9.5m $9.5m 5.53% Reduced -1.4k -1,380
57 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 78,60478.6k $9.4m $9.4m 0.02% New
58 FLOW TRADERS U.S. LLC 0.29% of their portfolio NEW YORK, NY 75,28075.3k $9.0m $9.0m 0.29% Added +16.4k +16,442
59 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 75,00075.0k $9.0m $9.0m 0.01% Reduced -425.0k -425,000
60 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 73,86573.9k $8.9m $8.9m 0.01% Added +71.4k +71,361
61 BENJAMIN EDWARDS INC 0.08% of their portfolio Clayton, MO 67,60167.6k $8.1m $8.1m 0.08% Added +50.2k +50,222
62 Mizuho Markets Cayman LP 0.43% of their portfolio NEW YORK, NY 66,65266.7k $8.0m $8.0m 0.43% New
63 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 60,29360.3k $7.2m $7.2m 0.03% Added +2.7k +2,696
64 LONESTAR CAPITAL MANAGEMENT LLC 3.87% of their portfolio San Francisco, CA 60,00060.0k $7.2m $7.2m 3.87% Unchanged
65 HARBOR INVESTMENT ADVISORY, LLC 0.56% of their portfolio LUTHERVILLE, MD 59,43259.4k $7.1m $7.1m 0.56% Added +7.6k +7,570
66 K.J. Harrison & Partners Inc 1.15% of their portfolio TORONTO, A6 58,30558.3k $7.0m $7.0m 1.15% Added +5 +5
67 Foundations Investment Advisors, LLC 0.09% of their portfolio PHOENIX, AZ 58,07958.1k $7.0m $7.0m 0.09% Added +29.5k +29,525
68 Canoe Financial LP 0.09% of their portfolio CALGARY, A0 57,54657.5k $6.9m $6.9m 0.09% Added +3.3k +3,345
69 Aster Capital Management (DIFC) Ltd 1.04% of their portfolio DUBAI, C0 55,83055.8k $3.2m $3.2m 1.04% New
70 Walleye Trading LLC 0.14% of their portfolio NEW YORK, NY 55,59455.6k $6.7m $6.7m 0.14% New
71 MRA Advisory Group 2.71% of their portfolio PARSIPPANY, NJ 55,33755.3k $6.6m $6.6m 2.71% Reduced -3.6k -3,600
72 TCFG WEALTH MANAGEMENT, LLC 2.46% of their portfolio LAGUNA NIGUEL, CA 54,81654.8k $6.6m $6.6m 2.46% Reduced -28.1k -28,148
73 TCFG Investment Advisors, LLC 2.46% of their portfolio LAGUNA NIGUEL, CA 54,81654.8k $6.6m $6.6m 2.46% First filing
74 Prospera Financial Services Inc 0.10% of their portfolio Dallas, TX 53,54053.5k $6.4m $6.4m 0.10% Reduced -2.7k -2,651
75 Carrera Capital Advisors 0.98% of their portfolio TROY, MI 53,06153.1k $6.4m $6.4m 0.98% Reduced -38.0k -38,015
76 Marex Group Ltd 0.07% of their portfolio London, X0 52,53652.5k $6.3m $6.3m 0.07% Added +14.0k +14,032
77 Y-Intercept (Hong Kong) Ltd 0.12% of their portfolio HONG KONG, K3 52,00552.0k $6.2m $6.2m 0.12% New
78 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 51,73651.7k $6.2m $6.2m 0.01% Added +8.5k +8,539
79 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 50,98951.0k $6.1m $6.1m 0.01% Added +1.6k +1,638
80 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 50,61850.6k $6.1m $6.1m 0.03% Added +15.7k +15,668
81 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 50,20050.2k $6.0m $6.0m 0.00% New
82 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 50,00650.0k $6.0m $6.0m 0.01% New
83 INTREPID FAMILY OFFICE LLC 5.22% of their portfolio SARASOTA, FL 50,00050.0k $6.0m $6.0m 5.22% Unchanged
84 PARSONS CAPITAL MANAGEMENT INC/RI 0.27% of their portfolio PROVIDENCE, RI 49,69349.7k $6.0m $6.0m 0.27% Added +300 +300
85 IMC-Chicago, LLC 0.09% of their portfolio CHICAGO, IL 47,75047.8k $5.7m $5.7m 0.09% Added +17.0k +17,048
86 Realta Investment Advisors 1.97% of their portfolio WILMINGTON, DE 47,21447.2k $5.7m $5.7m 1.97% Reduced -286 -286
87 Copley Financial Group, Inc. 3.39% of their portfolio SAN DIEGO, CA 46,82446.8k $5.6m $5.6m 3.39% Added +2.1k +2,051
88 Ashton Thomas Private Wealth, LLC 0.13% of their portfolio SCOTTSDALE, AZ 46,09946.1k $5.5m $5.5m 0.13% Added +34.2k +34,171
89 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 45,65645.7k $5.5m $5.5m 0.00% Added +6.7k +6,702
90 Spruce Point Capital Management, LLC 7.20% of their portfolio RIVERHEAD, NY 44,88044.9k $5.4m $5.4m 7.20% New
91 Brandywine Financial Group 4.46% of their portfolio THOMPSONS STATION, TN 43,75543.8k $5.3m $5.3m 4.46% New
92 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 0.76% of their portfolio NEW YORK, NY 42,73842.7k $5.1m $5.1m 0.76% Added +1.0k +1,007
93 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 42,32242.3k $5.1m $5.1m 0.03% Reduced -2.6k -2,629
94 BARD ASSOCIATES INC 1.23% of their portfolio CHICAGO, IL 40,77840.8k $4.9m $4.9m 1.23% Reduced -1.0k -1,011
95 MONEY CONCEPTS CAPITAL CORP 0.27% of their portfolio PALM BEACH GARDENS, FL 40,74340.7k $4.9m $4.9m 0.27% Added +1.6k +1,559
96 Freemont Management S.A. 0.91% of their portfolio VAUD, V8 40,00040.0k $4.8m $4.8m 0.91% Unchanged
97 Woodline Partners LP 0.02% of their portfolio San Francisco, CA 39,24239.2k $4.7m $4.7m 0.02% New
98 RIA Advisory Group LLC 1.14% of their portfolio Des Moines, IA 38,97639.0k $4.7m $4.7m 1.14% Added +1.6k +1,649
99 Beverly Hills Private Wealth, LLC 0.77% of their portfolio BEVERLY HILLS, CA 38,69638.7k $4.6m $4.6m 0.77% Added +8.4k +8,356
100 CURA WEALTH ADVISORS, LLC 2.03% of their portfolio CHICAGO, IL 37,79637.8k $4.5m $4.5m 2.03% Reduced -2.9k -2,877