§ EQUITY
USDGDX
VANECK GOLD MINERS ETF
USD
§ 01 · PRICE
Price action
1D5D1M6MYTD1YMAX
§ 03 · SIGNAL STACK · WHAT THE INPUTS SAY
13F FLOW
478 increased/new, 405 decreased/exited (13F)
AC 13F Analysis
§ 05 · WHO OWNS IT
Top institutional holders
| Fund | Shares | % port | Δ Q/Q |
|---|---|---|---|
| BANK OF MONTREAL /CAN/ | 22.6M | 0.8% | +16% |
| Morgan Stanley | 11.4M | 0.1% | n/a |
| Bank of America Corp | 8.3M | 0.1% | +11% |
| Goldman Sachs | 8.2M | 0.1% | n/a |
| UBS Group AG | 7.5M | 0.1% | −16% |
| Rafferty Asset Management, LLC | 6.0M | 2.2% | −15% |
◇ AC INTELLIGENCE
Top institutional owners for GDX as of the most recent 13F reporting period (Q1 2026 · Period ended Mar 31). Δ Q/Q reflects share-count change vs. the prior filing — positive green means adding, negative red means trimming. Cross-reference with the ownership-mix bars below to see which strategy cohort is driving the flow.
§ 06 · WHO OWNS IT · BY STRATEGY
OTHER49.3% · 1,079 holders
DEALER / BANK33.2% · 55 holders
TACTICAL / MACRO8.4% · 5 holders
SYSTEMATIC / QUANT4.7% · 12 holders
GROWTH / MOMENTUM2.0% · 1 holder
QUALITY / COMPOUNDER1.1% · 19 holders
INCOME / DEFENSIVE1.0% · 10 holders
PASSIVE / INDEX0.2% · 4 holders
ACTIVIST0.2% · 1 holder
DEEP VALUE0.0% · 1 holder
◇ AC INTELLIGENCE
Ownership mix by behavioral cohort. Top bars indicate which style of capital dominates the float — passive indexing, quality compounders, dealer/bank, systematic quant, etc. Big quality-compounder share means concentrated active conviction; heavy passive share means flows are dictated by index rebalances, not fundamentals.
§ 07 · INSIDER ACTIVITY · LAST 180 DAYS
NO INSIDER FILINGS
◇ AC INTELLIGENCE
No Form 4 filings on record for GDX in the last 180 days.
§ 08 · COVERAGE · OUR RECENT NOTES
No notes mention GDX yet.