DaveManuel.com · Institutional Ownership · Who Owns It
VANECK ETF TRUST (GDX)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
1,147
Reporting holders
$25.9B
Reported value
19.4%
Calls
28.7%
Puts
-64
Holder change
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3.2B incl. $3.1B options CALL+PUT | 1,774,066 | 0.25% | 31q | -62.6%-$5.3B |
| JANE STREET GROUP, LLC | $2.4B incl. $2.2B options CALL+PUT | 2,317,941 | 0.20% | 31q | HELD |
| BANK OF MONTREAL /CAN/ | $1.9B incl. $75.3M options CALL+PUT | 24,332,431 | 0.63% | 31q | +7.8%+$138.0M |
| CITADEL ADVISORS LLC | $1.4B incl. $1.4B options CALL+PUT | 303,184 | 0.16% | 31q | -81.6%-$6.4B |
| MORGAN STANLEY | $1.2B | 16,420,795 | 0.07% | 35q | +43.8%+$377.3M |
| BARCLAYS PLC | $967.2M incl. $796.7M options CALL+PUT | 2,259,588 | 0.19% | 31q | +77.4%+$422.0M |
| GOLDMAN SACHS GROUP INC | $966.9M incl. $540.2M options CALL+PUT | 5,655,338 | 0.08% | 31q | -30.9%-$431.5M |
| UBS Group AG | $818.8M incl. $195.1M options CALL+PUT | 8,266,445 | 0.10% | 31q | +10.5%+$77.9M |
| Elliott Investment Management L.P. | $690.4M PUT | options only | 3.05% | 6q | OPTIONS |
| BANK OF AMERICA CORP /DE/ | $682.0M | 9,039,170 | 0.04% | 31q | +8.3%+$52.4M |
| Rafferty Asset Management, LLC | $525.2M | 6,960,342 | 1.20% | 31q | +16.0%+$72.5M |
| CITIGROUP INC | $506.9M incl. $193.0M options CALL+PUT | 4,159,466 | 0.17% | 31q | +47.8%+$164.0M |
| ROYAL BANK OF CANADA | $494.5M incl. $261.7M options CALL+PUT | 3,085,882 | 0.07% | 31q | +28.0%+$108.0M |
| Tidal Investments LLC | $470.2M incl. $445.2M options CALL+PUT | 330,823 | 0.81% | 9q | -32.4%-$225.8M |
| Jain Global LLC | $464.0M incl. $351.8M options CALL+PUT | 1,487,777 | 1.82% | 6q | +115.8%+$249.0M |
| Balyasny Asset Management L.P. | $427.9M incl. $405.8M options CALL+PUT | 292,179 | 0.53% | 22q | +56.6%+$154.6M |
| Blue Sparrow, LLC /DE | $294.4M | 3,901,700 | 2.86% | new | NEW |
| Walleye Trading LLC | $281.7M incl. $253.8M options CALL+PUT | 369,784 | 0.32% | 31q | +44.7%+$87.0M |
| D. E. Shaw & Co., Inc. | $280.4M | 3,715,926 | 0.13% | 2q | +677.4%+$244.3M |
| LPL Financial LLC | $269.0M | 3,565,654 | 0.06% | 31q | +5.1%+$13.1M |
| Nearwater Capital Markets, Ltd | $268.0M | 3,551,500 | 4.62% | 2q | +292.9%+$199.8M |
| LMR Partners LLP | $259.6M incl. $205.8M options CALL+PUT | 712,777 | 0.97% | 9q | -4.9%-$13.2M |
| WELLS FARGO & COMPANY/MN | $252.5M incl. $57.5M options CALL+PUT | 2,584,391 | 0.04% | 31q | -5.0%-$13.3M |
| Parallax Volatility Advisers, L.P. | $222.6M incl. $222.6M options CALL+PUT | 1 | 0.38% | 31q | -100.0%-$58.5T |
| TWO SIGMA INVESTMENTS, LP | $208.6M | 2,764,107 | 0.15% | 3q | +225.6%+$144.5M |
| BNP PARIBAS FINANCIAL MARKETS | $192.8M incl. $83.3M options CALL+PUT | 1,452,459 | 0.07% | 31q | +11.7%+$20.2M |
| Graham Capital Management, L.P. | $192.2M incl. $189.5M options CALL | 35,000 | 3.50% | 8q | -68.2%-$411.8M |
| MILLENNIUM MANAGEMENT LLC | $155.2M incl. $118.7M options CALL+PUT | 484,424 | 0.06% | 31q | +858.3%+$139.0M |
| JPMORGAN CHASE & CO | $150.5M | 1,988,529 | 0.01% | 31q | -59.4%-$220.5M |
| TUDOR INVESTMENT CORP ET AL | $149.7M incl. $137.6M options CALL+PUT | 159,280 | 0.21% | 12q | -14.3%-$25.0M |
| TORONTO DOMINION BANK | $120.4M incl. $56.6M options PUT | 845,394 | 0.14% | 31q | +3253.4%+$116.8M |
| Migdal Insurance & Financial Holdings Ltd. | $111.7M | 1,480,000 | 0.71% | 2q | +8.8%+$9.1M |
| BANK OF NOVA SCOTIA | $107.7M | 1,427,370 | 0.16% | 31q | -47.0%-$95.5M |
| RENAISSANCE TECHNOLOGIES LLC | $106.0M | 1,405,199 | 0.15% | 13q | +144.4%+$62.6M |
| RAYMOND JAMES FINANCIAL INC | $105.0M incl. $1.3M options CALL | 1,374,302 | 0.03% | 7q | -1.7%-$1.8M |
| NATIONAL BANK OF CANADA /FI/ | $91.4M | 1,211,809 | 0.07% | 19q | -54.2%-$108.0M |
| MKP Capital Management, L.L.C. | $87.5M incl. $33.8M options PUT | 712,500 | 2.37% | 2q | +261.7%+$63.3M |
| GTS SECURITIES LLC | $81.2M | 1,076,600 | 1.71% | 6q | +75.6%+$35.0M |
| Point72 Asset Management, L.P. | $80.1M incl. $56.7M options CALL+PUT | 309,450 | 0.09% | 7q | -33.6%-$40.6M |
| STIFEL FINANCIAL CORP | $79.4M | 1,052,042 | 0.07% | 31q | +1.6%+$1.3M |
| Vanderbilt University | $77.7M | 1,030,200 | 10.67% | 12q | +77.5%+$33.9M |
| MEITAV INVESTMENT HOUSE LTD | $72.3M | 958,200 | 0.49% | 26q | -20.9%-$19.1M |
| Temasek Holdings (Private) Ltd | $68.4M | 906,800 | 0.18% | new | NEW |
| COMMONWEALTH EQUITY SERVICES, LLC | $65.6M | 869,037 | 0.08% | 31q | +7.8%+$4.8M |
| Quadrature Capital Ltd | $61.8M | 819,656 | 0.53% | new | NEW |
| FIL Ltd | $59.5M | 788,936 | 0.04% | 7q | +64.6%+$23.4M |
| Rockefeller Capital Management L.P. | $59.0M | 781,711 | 0.09% | 28q | -0.9%-$552.1K |
| AMERIPRISE FINANCIAL INC | $58.4M | 774,475 | 0.01% | 31q | -12.3%-$8.2M |
| Gemsstock Ltd. | $57.9M | 767,100 | 18.83% | 2q | +275.8%+$42.5M |
| Cetera Investment Advisers | $54.8M | 726,169 | 0.05% | 31q | HELD |
| RIT CAPITAL PARTNERS PLC | $52.8M | 700,000 | 8.51% | 4q | -27.2%-$19.8M |
| Cable Car Capital, LP | $52.0M | 688,700 | 1.11% | new | NEW |
| Cambridge Investment Research Advisors, Inc. | $50.1M | 663,390 | 0.06% | 31q | +83.3%+$22.7M |
| Jefferies Financial Group Inc. | $49.9M incl. $3.8M options CALL | 611,961 | 0.33% | 15q | +24.8%+$9.9M |
| Qube Research & Technologies Ltd | $49.7M | 658,676 | 0.05% | 12q | +17682.8%+$49.4M |
| W1M Asset Management Ltd | $48.5M | 642,480 | 0.44% | 29q | +8.8%+$3.9M |
| CAPITAL FUND MANAGEMENT S.A. | $47.7M CALL+PUT | options only | 0.21% | 19q | OPTIONS |
| MARSHALL WACE, LLP | $46.3M incl. $21.0M options CALL+PUT | 335,014 | 0.04% | 31q | -78.3%-$166.7M |
| Federation des caisses Desjardins du Quebec | $45.8M | 607,054 | 0.14% | 38q | -24.3%-$14.7M |
| Panview Capital Ltd | $45.5M | 602,946 | 8.01% | 7q | +26.1%+$9.4M |
| OSAIC HOLDINGS, INC. | $43.4M | 575,635 | 0.05% | 26q | +13.1%+$5.0M |
| SIG BROKERAGE, LP | $41.0M CALL+PUT | options only | 0.80% | 7q | OPTIONS |
| STALEY CAPITAL ADVISERS INC | $38.9M | 515,714 | 1.52% | 31q | -1.4%-$544.0K |
| WS MANAGEMENT LLLP | $38.7M incl. $6.0M options PUT | 432,304 | 3.38% | 16q | -26.9%-$14.2M |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $38.2M | 505,413 | 0.03% | 18q | -14.9%-$6.7M |
| TRUIST FINANCIAL CORP | $38.0M | 504,110 | 0.05% | 27q | +9.3%+$3.2M |
| HighTower Advisors, LLC | $37.7M | 499,478 | 0.04% | 22q | +3.7%+$1.4M |
| GLOBALT Investments LLC / GA | $36.5M | 483,983 | 1.23% | 11q | -1.5%-$547.2K |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | $35.8M | 474,907 | 0.47% | 30q | HELD |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $35.4M | 468,700 | 0.05% | 3q | HELD |
| ENVESTNET ASSET MANAGEMENT INC | $35.2M | 466,189 | 0.01% | 31q | -11.4%-$4.5M |
| Woodline Partners LP | $34.5M | 457,015 | 0.11% | new | NEW |
| Fore Capital, LLC | $33.2M incl. $24.1M options PUT | 120,000 | 9.81% | 5q | +71.4%+$13.8M |
| Twin Tree Management, LP | $32.7M incl. $22.6M options CALL+PUT | 133,964 | 0.62% | 31q | +65.5%+$13.0M |
| Valiant Capital Management, L.P. | $32.1M | 425,204 | 1.29% | 14q | HELD |
| New Harbor Financial Group, LLC | $30.9M | 410,104 | 4.89% | 23q | +2.2%+$657.0K |
| Phoenix Financial Ltd. | $30.9M | 409,800 | 0.21% | new | NEW |
| Volterra Technologies LP | $30.6M incl. $27.4M options CALL+PUT | 41,721 | 4.40% | 3q | HELD |
| BRADLEY FOSTER & SARGENT INC/CT | $29.3M | 388,226 | 0.41% | 28q | -1.9%-$573.9K |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $28.3M | 375,019 | 0.02% | 31q | -3.3%-$965.2K |
| IMC-Chicago, LLC | $28.2M | 374,157 | 0.01% | 5q | -46.4%-$24.4M |
| Jump Financial, LLC | $28.0M | 371,412 | 0.23% | new | NEW |
| CANTOR FITZGERALD, L. P. | $25.8M | 342,424 | 0.14% | 3q | +161.3%+$15.9M |
| MOORE CAPITAL MANAGEMENT, LP | $25.8M incl. $18.9M options CALL | 92,188 | 0.38% | 19q | -7.7%-$2.1M |
| BlackRock, Inc. | $25.5M incl. $24.2M options CALL | 17,019 | 0.00% | 8q | +9.6%+$2.2M |
| NOMURA HOLDINGS INC | $25.4M CALL+PUT | options only | 0.03% | 15q | OPTIONS |
| AVALON CAPITAL MANAGEMENT | $25.0M | 331,077 | 5.90% | 19q | +31.4%+$6.0M |
| BLAIR WILLIAM & CO/IL | $24.2M | 320,783 | 0.06% | 31q | HELD |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. | $23.7M | 315,738 | 0.15% | 2q | +193.6%+$15.6M |
| PEAK6 LLC | $23.1M CALL+PUT | options only | 0.05% | 7q | OPTIONS |
| JONES FINANCIAL COMPANIES LLLP | $22.4M | 290,439 | 0.01% | 10q | +4.8%+$1.0M |
| Clearwater Capital Advisors, LLC | $22.0M | 292,105 | 1.62% | 25q | +3.6%+$775.6K |
| Versant Capital Management, Inc | $21.3M | 281,661 | 1.91% | 30q | +5.4%+$1.1M |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | $21.1M | 280,000 | 0.09% | 2q | HELD |
| Forest Hill Capital, LLC | $20.9M | 277,500 | 16.11% | 31q | HELD |
| Evelyn Partners Group Ltd | $20.1M | 264,210 | 0.04% | new | FIRST |
| Caption Management, LLC | $19.8M incl. $18.1M options CALL+PUT | 23,100 | 0.09% | 8q | +35.9%+$5.2M |
| SUSQUEHANNA ADVISORS GROUP, INC. | $19.2M | 254,300 | 0.33% | 2q | HELD |
| NEUBERGER BERMAN GROUP LLC | $18.9M incl. $18.1M options CALL | 10,316 | 0.01% | 11q | -32.8%-$9.2M |
| KESTRA PRIVATE WEALTH SERVICES, LLC | $18.7M | 248,231 | 0.21% | 24q | -5.4%-$1.1M |
Showing the largest 100 of 1,148 reported holders. The count of 1,147 above leaves out 1 position whose reported value failed our price check; it is listed here as filed.
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 453 | $1.2B | 12,781,107 | 76 | 107 | 122 | 4.4% |
| Q2 2026 | 1,147 | $25.9B | 178,232,513 | 91 | 329 | 385 | 48.0% |
| Q1 2026 | 1,211 | $27.5B | 163,199,577 | 137 | 300 | 480 | 45.7% |
| Q4 2025 | 1,180 | $27.3B | 155,830,918 | 138 | 327 | 416 | 51.1% |
| Q3 2025 | 1,075 | $25.4B | 152,102,841 | 195 | 315 | 297 | 54.4% |
| Q2 2025 | 956 | $15.0B | 142,111,850 | 131 | 236 | 367 | 50.6% |
| Q1 2025 | 915 | $14.2B | 146,841,515 | 147 | 241 | 293 | 52.6% |
| Q4 2024 | 852 | $13.0B | 184,506,056 | 69 | 265 | 247 | 51.8% |
| Q3 2024 | 861 | $15.6B | 204,588,992 | 114 | 231 | 255 | 47.7% |
| Q2 2024 | 816 | $12.2B | 201,541,922 | 106 | 212 | 268 | 43.5% |
| Q1 2024 | 800 | $13.1B | 262,354,189 | 99 | 221 | 264 | 36.7% |
| Q4 2023 | 795 | $13.0B | 241,258,827 | 106 | 250 | 211 | 42.4% |
| Q3 2023 | 717 | $9.0B | 199,815,931 | 64 | 187 | 242 | 39.8% |
| Q2 2023 | 745 | $9.8B | 193,894,436 | 78 | 196 | 237 | 39.9% |
| Q1 2023 | 747 | $11.7B | 214,374,452 | 112 | 226 | 217 | 40.5% |
| Q4 2022 | 720 | $10.2B | 230,919,458 | 132 | 207 | 214 | 34.8% |
| Q3 2022 | 631 | $22.4B | 2,984,477,069 | 63 | 180 | 211 | 11.4% |
| Q2 2022 | 701 | $25.5B | 2,970,276,486 | 74 | 197 | 226 | 10.9% |
| Q1 2022 | 772 | $32.0B | 2,346,792,720 | 141 | 241 | 190 | 16.6% |
| Q4 2021 | 702 | $29.1B | 1,668,939,841 | 69 | 191 | 238 | 19.9% |
| Q3 2021 | 680 | $29.3B | 2,325,589,976 | 60 | 181 | 233 | 55.6% |
| Q2 2021 | 702 | $24.1B | 2,773,608,102 | 88 | 243 | 184 | 27.0% |
| Q1 2021 | 667 | $40.7B | 2,709,456,329 | 65 | 226 | 213 | 12.9% |
| Q4 2020 | 717 | $33.3B | 1,476,175,172 | 95 | 235 | 211 | 27.0% |
| Q3 2020 | 673 | $54.2B | 2,954,336,403 | 107 | 240 | 194 | 10.6% |
| Q2 2020 | 629 | $24.7B | 3,929,168,543 | 170 | 192 | 170 | 23.2% |
| Q1 2020 | 512 | $19.8B | 1,607,624,974 | 84 | 152 | 163 | 16.0% |
| Q4 2019 | 537 | $16.0B | 2,183,465,405 | 68 | 153 | 161 | 25.9% |
| Q3 2019 | 490 | $27.2B | 4,270,608,601 | 90 | 155 | 138 | 22.0% |
| Q2 2019 | 455 | $18.3B | 1,528,677,353 | 63 | 133 | 141 | 29.1% |
| Q1 2019 | 452 | $11.3B | 847,071,252 | 77 | 137 | 132 | 25.8% |
| Q4 2018 | 424 | $21.2B | 8,900,228,730 | 10 | 4 | 7 | 19.0% |