GDX · VanEck Gold Miners ETF · Holdings ETF

$86.24 +0.14 (+0.16%)

Volume · Oct 21 4.25M Avg daily vol (3M) 21.66M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 249

Total Value: $606,604,102

Total Shares: 6,908,931

Showing 1–100 of 253 holdings by value · page 1 of 3

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 249 13F filers · Δ vs Jun 30, 2026

Top Holder

14.5%

+2.1 pts

Top 5

29.9%

−9.5 pts

Top 10

42.0%

−13.5 pts

HHI

349

Broadly held−87

Who Holds GDX

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 1,123 filers, like-for-like change +9.0%; actively managed books +8.3%; index-like books +13.0%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	24.3%	732	+9.2%	52	92
Exempt adviser	1.3%	6	-39.7%	0	6
Adviser	0.7%	11	-22.7%	0	1
Bank	34.2%	37	+2.7%	2	2
Insurer	0.1%	2	-77.1%	0	0
Broker-dealer	2.1%	3	+2.1%	1	1
Benefit plan	0.1%	1	-80.5%	0	0
Non-US	1.6%	10	+5.3%	0	1
Holding company	14.6%	12	+14.0%	1	1
Unknown	20.9%	309	+33.0%	32	45

Style	Share	Filers	Change	New	Exited
Index-like	16.6%	11	+13.0%	0	2
Systematic-like	7.2%	30	+47.4%	10	5
Concentrated	10.0%	349	+8.5%	34	55
Diversified active	66.1%	732	+5.2%	44	86
Unknown	0.0%	1	-92.9%	0	1
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	60.7%	707	+3.2%	28	76
Medium turnover	21.0%	226	+0.5%	19	44
High turnover	14.9%	88	+37.9%	29	18
Unknown	3.5%	102	+186.6%	12	11
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	9.1%	125	+126.1%	27	18
Medium horizon	6.4%	238	+2.1%	28	39
Long horizon	80.0%	703	+3.8%	28	86
Unknown	4.5%	57	+4.1%	5	6
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	8.5%	571	+0.6%	57	91
$1B to $10B	13.3%	375	+14.7%	21	43
$10B to $100B	20.5%	125	+12.4%	8	12
$100B or more	57.8%	52	+7.9%	2	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	13.1%	619	-0.3%	36	75
Pooled investment vehicles	5.6%	43	+37.5%	10	10
Registered funds and BDCs	4.4%	12	+8.8%	1	0
Pension and profit sharing plans	0.1%	7	-3.2%	0	0
Insurance companies	0.0%	2	-1.9%	0	0
Charitable organizations	0.0%	1	new	1	0
Governments and sovereign funds	0.4%	4	+212.1%	1	2
Corporations	0.0%	10	+29.7%	2	0
Other investment advisers	0.1%	8	-8.8%	0	0
Other	0.1%	3	+14.6%	0	0
Diversified	0.4%	20	-16.3%	0	5
Unknown	75.7%	394	+8.9%	37	57

Private funds	Share	Filers	Change	New	Exited
Hedge funds	7.6%	88	+13.8%	12	17
Private equity funds	0.9%	29	-5.0%	1	4
Venture capital funds	0.0%	4	-4.5%	0	1
Real estate funds	0.4%	11	+63.2%	0	2
Securitized asset funds	0.1%	3	-1.0%	0	0
Other private funds	1.6%	31	+0.2%	1	1
Mixed private funds	0.4%	8	-14.1%	1	1
Private funds, type not stated	0.5%	9	-11.1%	1	2
No private funds	14.0%	554	+2.1%	36	70
Unknown	74.4%	386	+10.5%	36	51

Location	Share	Filers	Change	New	Exited
United States	67.9%	1,020	+13.5%	71	127
Outside the US	32.1%	103	+0.5%	17	22
Unknown	0.0%	0	—	0	0

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 17 holders with no observed 2026-03-31 13F and 17 holders with no observed 2026-06-30 13F. Compared across CIK changes: 4 filers continue as Evelyn Partners Group Ltd; JANUS HENDERSON GROUP PLC continues as Jupiter Topco LLC; Trask Adam Roland continues as Burnham & Co LLC.

Conviction and Crowding

1,123 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

156

13.9% of filers hold it in their top 10

Mar 31, 2026: 194

Holders above 5%

median weight 0.068%

Mar 31, 2026: 24

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

48.4%

of 13F shares, Herfindahl 0.039

Active holders

+8.3%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 19.0 quarters

Under 1 year 16.7% 1 to 3 years 11.1% 3 years or more 72.2% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $3,205,680 (4 buying, 1 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$87.96

estimated per share

Mar 31, 2026: $86.18

Quarter-end price

$75.43

implied by 13F values

Estimated gain or loss

-14.2%

price against the estimated cost

Estimated at a loss

93.3%

of costed 13F value

Estimated cost covers 19.2% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of GDX by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 6,135,077 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	6,135,077	1
Active ETFs	155,782	3
Active funds	56,095	3
Unclassified	0	0
All registered funds	6,346,954	7

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -897

Institutional value: -97.6%

Shares held: -98.0%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Mid MIRAE ASSET SECURITIES (USA) INC.	+801,594	1,002,573
Mid ARMSTRONG ADVISORY GROUP, INC	+281,945	287,930
Small BFI Infinity Ltd.	+86,899	160,104
Mid Y-Intercept (Hong Kong) Ltd	+52,922	109,684
Small Encompass More Asset Management	+46,314	49,584

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Mid IFP Advisors, Inc	−100,669	115,979
Small FOURPATH CAPITAL MANAGEMENT, LLC	−69,075	4,836
Large Vontobel Holding Ltd.	−41,456	137,830
Large BANQUE PICTET & CIE SA	−24,296	70,404
Large TD Waterhouse Canada Inc.	−24,244	195,758

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Mid Carrhae Capital LLP	252,819	$22,197,508
Small Mirador Capital Partners LP	126,965	$11,147,527
Small MCRAE CAPITAL MANAGEMENT INC	58,134	$5,104,165
Small Great Diamond Partners, LLC	29,495	$2,589,661
Small Lake Hills Wealth Management, LLC	22,464	$1,972,339

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Mid CONFLUENCE INVESTMENT MANAGEMENT LLC	70,315	$5,305,266
Micro FORTE ASSET MANAGEMENT LLC	24,195	$1,825,512
Small PW Nova Financial Services LLC	13,867	$1,046,265
Micro SURIENCE PRIVATE WEALTH LLC	7,542	$569,043
Mid LVW Advisors, LLC	4,764	$359,443

Filter: New 39 Increased 71 Reduced 70 Sold out 9 Unchanged 68

Holder type: Registered adviser 165 Exempt adviser 1 Adviser 2 Bank 3 Unknown 78

Showing 100 of 253

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

MIRAE ASSET SECURITIES (USA) INC. GDX

$44,125,909

7.27%

502,573

MIRAE ASSET SECURITIES (USA) INC. GDX

$43,900,000

7.24%

500,000

ARMSTRONG ADVISORY GROUP, INC GDX

$25,280,254

4.17%

287,930

Versant Capital Management, Inc GDX

$25,076,031

4.13%

285,604

Carrhae Capital LLP GDX

$22,197,508

3.66%

252,819

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Carrhae Capital (DIFC) Ltd	252,819	$22,197,508	100.0%	Defined

Barry Investment Advisors, LLC GDX

$20,989,292

3.46%

239,058

TD Waterhouse Canada Inc. GDX

$17,187,552

2.83%

195,758

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	195,758	$17,187,552	100.0%	Defined

White Pine Investment CO GDX

$14,616,680

2.41%

166,477

Whitcomb & Hess, Inc. GDX

$14,063,013

2.32%

160,171

BFI Infinity Ltd. GDX

$14,057,131

2.32%

160,104

INDEPENDENT FINANCIAL GROUP, LLC GDX

$13,451,662

2.22%

153,208

MassMutual Private Wealth & Trust, FSB GDX

$12,666,906

2.09%

144,270

Farther Finance Advisors, LLC GDX

$11,464,046

1.89%

130,570

Mirador Capital Partners LP GDX

$11,147,527

1.84%

126,965

IFP Advisors, Inc GDX

$10,182,956

1.68%

115,979

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC GDX

$9,685,657

1.60%

110,315

Y-Intercept (Hong Kong) Ltd GDX

$9,630,255

1.59%

109,684

Kercheville Advisors, LLC GDX

$8,826,534

1.46%

100,530

CULTIVAR CAPITAL, INC. GDX

$7,938,788

1.31%

90,419

Pinnacle Wealth Management Group, Inc. GDX

$7,793,654

1.28%

88,766

CLG LLC GDX

$6,703,617

1.11%

76,351

STEEL GROVE CAPITAL ADVISORS, LLC GDX

$6,473,581

1.07%

73,731

Beirne Wealth Consulting Services, LLC GDX

$6,396,142

1.05%

72,849

Drum Hill Capital, LLC GDX

$6,182,876

1.02%

70,420

BANQUE PICTET & CIE SA GDX

$6,181,471

1.02%

70,404

Vontobel Holding Ltd. GDX

$6,131,074

1.01%

69,830

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK VONTOBEL AG	69,830	$6,131,074	100.0%	Defined

Vontobel Holding Ltd. GDX

$5,619,200

0.93%

64,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK VONTOBEL AG	64,000	$5,619,200	100.0%	Defined

SBE LLC DBA CEDAR COVE WEALTH PARTNERS GDX

$5,569,154

0.92%

63,430

DAVENPORT & Co LLC GDX

$5,216,373

0.86%

59,412

NEVILLE RODIE & SHAW INC GDX

$5,151,401

0.85%

58,672

MCRAE CAPITAL MANAGEMENT INC GDX

$5,104,165

0.84%

58,134

TITLEIST ASSET MANAGEMENT, LLC GDX

$4,830,492

0.80%

55,017

Concurrent Investment Advisors, LLC GDX

$4,793,704

0.79%

54,598

Capital Wealth Alliance, LLC GDX

$4,639,352

0.76%

52,840

Encompass More Asset Management GDX

$4,353,475

0.72%

49,584

RIA Advisory Group LLC GDX

$4,182,967

0.69%

47,642

Capstone Wealth Management Group, Inc. GDX

$4,154,783

0.68%

47,321

SAPIENT CAPITAL LLC GDX

$4,029,405

0.66%

45,893

Krilogy Financial LLC GDX

$3,852,049

0.64%

43,873

RHODES INVESTMENT ADVISORS INC /ADV GDX

$3,840,811

0.63%

43,745

Robertson Stephens Wealth Management, LLC GDX

$3,775,926

0.62%

43,006

JUNCTURE WEALTH STRATEGIES, LLC GDX

$3,723,510

0.61%

42,409

Cyndeo Wealth Partners, LLC GDX

$3,631,408

0.60%

41,360

E&G Advisors, LP GDX

$3,599,361

0.59%

40,995

Innovative Advisory Group, LLC GDX

$3,397,333

0.56%

38,694

ONE PLUS ONE WEALTH MANAGEMENT, LLC GDX

$3,301,455

0.54%

37,602

PARK NATIONAL CORP /OH/ GDX

$3,255,887

0.54%

37,083

Integrated Advisors Network LLC GDX

$3,146,839

0.52%

35,841

Centurion Wealth Management LLC GDX

$3,090,560

0.51%

35,200

MOULTON WEALTH MANAGEMENT, INC GDX

$2,953,679

0.49%

33,641

EQUITABLE TRUST CO GDX

$2,951,309

0.49%

33,614

Great Diamond Partners, LLC GDX

$2,589,661

0.43%

29,495

BigSur Wealth Management LLC GDX

$2,511,080

0.41%

28,600

Dynamic Wealth Strategies, LLC GDX

$2,492,817

0.41%

28,392

THOR INVESTMENT MANAGEMENT INC /OH/ /ADV GDX

$2,473,765

0.41%

28,175

Realta Investment Advisors GDX

$2,441,015

0.40%

27,802

Echo45 Advisors LLC GDX

$2,432,850

0.40%

27,709

Professional Financial Advisors, LLC GDX

$2,316,778

0.38%

26,387

Hanson & Doremus Investment Management GDX

$2,295,443

0.38%

26,144

Sowell Financial Services LLC GDX

$2,254,879

0.37%

25,682

BALDWIN WEALTH PARTNERS LLC/MA GDX

$2,075,328

0.34%

23,637

Balefire, LLC GDX

$2,072,694

0.34%

23,607

PATRIOT INVESTMENT MANAGEMENT GROUP, INC. GDX

$2,055,661

0.34%

23,413

Koa Wealth Management, LLC GDX

$2,053,817

0.34%

23,392

Lake Hills Wealth Management, LLC GDX

$1,972,339

0.33%

22,464

Enclave Advisors LLC GDX

$1,967,071

0.32%

22,404

Secure Asset Management, LLC GDX

$1,829,752

0.30%

20,840

Athena Wealth Management, LLC GDX

$1,747,044

0.29%

19,898

Williams & Novak, LLC GDX

$1,674,346

0.28%

19,070

KEATING INVESTMENT COUNSELORS INC GDX

$1,587,687

0.26%

18,083

GUYASUTA INVESTMENT ADVISORS INC GDX

$1,529,037

0.25%

17,415

MERIDIAN INVESTMENT COUNSEL INC. GDX

$1,483,293

0.24%

16,894

Maltin Wealth Management, Inc. GDX

$1,459,411

0.24%

16,622

Pettinga Financial Advisors LLC GDX

$1,434,652

0.24%

16,340

Patriot Financial Group Insurance Agency, LLC GDX

$1,428,506

0.24%

16,270

Hennion & Walsh Asset Management, Inc. GDX

$1,373,016

0.23%

15,638

Wedmont Private Capital GDX

$1,367,397

0.23%

15,574

Virginia Estate & Retirement Planning Advisors Inc. GDX

$1,359,407

0.22%

15,483

AdvisorNet Financial, Inc GDX

$1,253,520

0.21%

14,277

Cadent Capital Advisors, LLC GDX

$1,246,057

0.21%

14,192

Atria Investments, Inc GDX

$1,239,297

0.20%

14,115

Phraction Management LLC GDX

$1,209,006

0.20%

13,770

Chemistry Wealth Management LLC GDX

$1,204,703

0.20%

13,721

ARS Wealth Advisors Group, LLC GDX

$1,155,887

0.19%

13,165

Lexington Hill Partners, LLC GDX

$1,137,010

0.19%

12,950

Mezzasalma Advisors, LLC GDX

$1,122,523

0.19%

12,785

Southland Equity Partners LLC GDX

$1,054,126

0.17%

12,006

4WEALTH ADVISORS, INC. GDX

$1,032,176

0.17%

11,756

WESPAC Advisors SoCal, LLC GDX

$1,025,065

0.17%

11,675

Euro Pacific Asset Management, LLC GDX

$1,023,309

0.17%

11,655

GK Wealth Management LLC GDX

$933,314

0.15%

10,630

Gainplan LLC GDX

$901,793

0.15%

10,271

GILPIN WEALTH MANAGEMENT, LLC GDX

$885,463

0.15%

10,085

CoreCap Advisors, LLC GDX

$859,386

0.14%

9,788

S.A. Mason LLC GDX

$857,630

0.14%

9,768

Blue Trust, Inc. GDX

$849,640

0.14%

9,677

HARMONY ASSET MANAGEMENT LLC GDX

$828,919

0.14%

9,441

CWC Advisors, LLC. GDX

$813,554

0.13%

9,266

Columbus Macro, LLC GDX

$809,603

0.13%

9,221

Savior LLC GDX

$798,804

0.13%

9,098

Showing the top 100 of 253 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.