- Quarter end
- 31 Dec 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 5 Feb 2026
- Managers listing it
- 24
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 8 listed it in both
- Shares listed
- 12,280,781
- combined, among listed positions
- Reported value
- $1.1bn
- combined, at the quarter end
Among the 92 comparable managers: 13 buyers (opened or added shares) and 12 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +245,686.
Managers listing GDX in Q4 2025
24 of 24 holders
Largest increases and reductions, by shares
Increases
- Citadel Advisors LLCexisting position · 3,589,538 shares now+3,441,543
- Susquehanna International Group LLPexisting position · 3,447,340 shares now+1,732,025
- Marshall Wace LLPexisting position · 391,483 shares now+185,684
- Two Sigma Investments LPnew position · 131,104 shares now+131,104
- Moore Capital Management LPexisting position · 261,556 shares now+81,188
Reductions
- Balyasny Asset Management LLCexisting position · 49,557 shares now-1,449,265
- Invesco Ltdexisting position · 80,000 shares now-420,000
- Schonfeld Strategic Advisors LLCexisting position · 366,962 shares now-331,509
- Fidelity (FMR LLC)existing position · 192,895 shares now-95,008
- Millennium Management LLCexisting position · 24,218 shares now-83,587
New positions and exits
New (2)
Exited (2)
- D. E. Shaw & Co.was $174m
- Wellington Management Group LLPwas $57m
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q1 2016 | 1 | $1.8m | n.a. | n.a. |
| Q2 2016 | 10 | $583m | n.a. | n.a. |
| Q3 2016 | 9 | $868m | n.a. | n.a. |
| Q4 2016 | 7 | $538m | n.a. | n.a. |
| Q1 2017 | 4 | $479m | n.a. | n.a. |
| Q2 2017 | 7 | $524m | n.a. | n.a. |
| Q3 2017 | 7 | $547m | n.a. | n.a. |
| Q4 2017 | 6 | $477m | n.a. | n.a. |
| Q1 2018 | 6 | $428m | n.a. | n.a. |
| Q2 2018 | 4 | $308m | n.a. | n.a. |
| Q3 2018 | 6 | $465m | n.a. | n.a. |
| Q4 2018 | 8 | $449m | n.a. | n.a. |
| Q1 2019 | 5 | $484m | n.a. | n.a. |
| Q2 2019 | 6 | $559m | n.a. | n.a. |
| Q3 2019 | 8 | $825m | n.a. | n.a. |
| Q4 2019 | 4 | $607m | n.a. | n.a. |
| Q1 2020 | 6 | $676m | n.a. | n.a. |
| Q2 2020 | 3 | $459m | n.a. | n.a. |
| Q3 2020 | 6 | $914m | n.a. | n.a. |
| Q4 2020 | 11 | $1.1bn | n.a. | n.a. |
| Q1 2021 | 7 | $521m | n.a. | n.a. |
| Q2 2021 | 5 | $607m | n.a. | n.a. |
| Q3 2021 | 7 | $673m | n.a. | n.a. |
| Q4 2021 | 5 | $1.1bn | n.a. | n.a. |
| Q1 2022 | 7 | $693m | n.a. | n.a. |
| Q2 2022 | 7 | $605m | n.a. | n.a. |
| Q3 2022 | 6 | $620m | n.a. | n.a. |
| Q4 2022 | 7 | $634m | n.a. | n.a. |
| Q1 2023 | 3 | $109m | n.a. | n.a. |
| Q2 2023 | 5 | $318m | n.a. | n.a. |
| Q3 2023 | 6 | $432m | n.a. | n.a. |
| Q4 2023 | 9 | $583m | 7 | 2 |
| Q1 2024 | 9 | $833m | 4 | 5 |
| Q2 2024 | 6 | $313m | 2 | 6 |
| Q3 2024 | 7 | $428m | 4 | 2 |
| Q4 2024 | 9 | $495m | 7 | 2 |
| Q1 2025 | 6 | $131m | 3 | 3 |
| Q2 2025 | 6 | $162m | 3 | 2 |
| Q3 2025 | 9 | $590m | 6 | 3 |
| Q4 2025 | 11 | $975m | 13 | 12 |
| Q1 2026 | 10 | $885m | 16 | 11 |
| Q2 2026 | 6 | $640m | 11 | 15 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.
Which funds own GDX, latest filings →Back to the 13F Explorer →