Vaneck ETF Trust (GDX): which funds own it

Quarter flow (concentrated managers)

Change in managers (9 → 6): 0 opened · 4 exited · 1 more with no comparable data = −3

“No comparable data”: managers whose previous-quarter portfolio we cannot compare (first 13F, or they did not file that quarter), plus spin-offs and corporate exits (mergers, delistings). They change the count without being a clean buy or sale. It is a net figure: “more” when more of them enter the count than leave it, “fewer” when it is the other way round. Here: 1 entered with no comparable quarter.

Net flow in the quarter: +$3.5M (+47 K shares) · bought $42.5M and sold $39.0MShares concentrated managers added minus those they cut, valued at the 13F quarter-end implied price, not each trade's price. It is a different measure from the change in managers: the two can have opposite signs.

The set of concentrated managers changed between quarters: with the set as it was then, 8 held it last quarter (the chart point); with today's set, 9 (the base for the change).

Concentrated managers holding it

• GemsstockIncreased$57.9M18.8%+4.5 pp
• RIT Capital PartnersReduced$52.8M8.5%−3.2 pp
• Keystone Investors PTENo comparable data$4.6M0.2%+0.2 pp
• Stack Financial ManagementReduced$637K0.0%−0.0 pp
• Euro Pacific Asset ManagementReduced$337K0.0%−0.0 pp
• Investment Management Associates$264K0.1%

Up to 15, sorted by position value. The percentage is the weight in each manager's portfolio.

Other relevant holders

Filers with $100M or more in the stock that do not count as concentrated managers because of their type: they are left out of the counts, the consensus and the accumulation.

• Temasek Holdings (Private)Pension or sovereign fund$104M0.3%