L3VLUP
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

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

24 of 24 holders

ActionFiling
Citadel Advisors LLC3,589,538$308munder 0.1%Added+3,441,54317 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP3,447,340$296munder 0.1%Added+1,732,02517 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC2,689,339$231munder 0.1%Added+15,54012 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP391,483$34munder 0.1%Added+185,68413 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC366,962$31m0.14%Trimmed-331,50917 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP272,053$24m0.26%Added+12,33217 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP261,556$22m0.32%Added+81,18817 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp206,251$18munder 0.1%Trimmed-14,21217 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)192,895$17munder 0.1%Trimmed-95,00817 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP162,923$14munder 0.1%Trimmed-26,87717 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP131,104$11munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP121,970$10munder 0.1%Added+48,79017 Feb 2026 (the filing on sec.gov)
Invesco Ltd80,000$6.9munder 0.1%Trimmed-420,00019 Feb 2026 (the filing on sec.gov)
Greenlight Capital64,960$5.6m0.20%Trimmed-11,50017 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC49,557$4.3munder 0.1%Trimmed-1,449,26517 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc46,915$4.0munder 0.1%Held05 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC44,000$3.8munder 0.1%Added+29,70012 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC31,355$2.7munder 0.1%Trimmed-14217 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC29,677$2.5munder 0.1%Added+6,15113 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP27,052$2.3munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP24,319$2.1munder 0.1%Added+16,38713 Feb 2026 (the filing on sec.gov)
Millennium Management LLC24,218$2.1munder 0.1%Trimmed-83,58717 Feb 2026 (the filing on sec.gov)
Man Group PLC15,523$1.3munder 0.1%Trimmed-17,31817 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC9,791$840kunder 0.1%Added+21927 Oct 2026 (the filing on sec.gov)

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
7 in Q3 2024 to 6 in Q2 2026

Tracked managers listing it, at least.

05101520162017201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
GDX by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20161$1.8mn.a.n.a.
Q2 201610$583mn.a.n.a.
Q3 20169$868mn.a.n.a.
Q4 20167$538mn.a.n.a.
Q1 20174$479mn.a.n.a.
Q2 20177$524mn.a.n.a.
Q3 20177$547mn.a.n.a.
Q4 20176$477mn.a.n.a.
Q1 20186$428mn.a.n.a.
Q2 20184$308mn.a.n.a.
Q3 20186$465mn.a.n.a.
Q4 20188$449mn.a.n.a.
Q1 20195$484mn.a.n.a.
Q2 20196$559mn.a.n.a.
Q3 20198$825mn.a.n.a.
Q4 20194$607mn.a.n.a.
Q1 20206$676mn.a.n.a.
Q2 20203$459mn.a.n.a.
Q3 20206$914mn.a.n.a.
Q4 202011$1.1bnn.a.n.a.
Q1 20217$521mn.a.n.a.
Q2 20215$607mn.a.n.a.
Q3 20217$673mn.a.n.a.
Q4 20215$1.1bnn.a.n.a.
Q1 20227$693mn.a.n.a.
Q2 20227$605mn.a.n.a.
Q3 20226$620mn.a.n.a.
Q4 20227$634mn.a.n.a.
Q1 20233$109mn.a.n.a.
Q2 20235$318mn.a.n.a.
Q3 20236$432mn.a.n.a.
Q4 20239$583m72
Q1 20249$833m45
Q2 20246$313m26
Q3 20247$428m42
Q4 20249$495m72
Q1 20256$131m33
Q2 20256$162m32
Q3 20259$590m63
Q4 202511$975m1312
Q1 202610$885m1611
Q2 20266$640m1115

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

Choose a stock to compare with GDX →

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 →