David Einhorn's GDX Position Overview
David Einhorn (via Dme Capital Management, Lp) currently holds 76,460 shares of VanEck Gold Miners ETF (GDX) worth $5.84 M, representing 0.23% of the portfolio. First purchased in 2016-Q2, this long-term strategic position has been held for 38 quarters.
Based on 13F filings, David Einhorn has maintained a strategic position in GDX, demonstrating sustained confidence in this investment. Largest reduction occurred in Q2 2020, reducing 6.11 M shares.
Analysis based on 13F filings available since 2013 Q2
David Einhorn's VanEck Gold Miners ETF (GDX) Holding Value Over Time
Track share changes against reported price movement
Quarterly VanEck Gold Miners ETF (GDX) Trades by David Einhorn
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2016 | +8.24 M | New Buy | 8.24 M | $27.71 |
| Q3 2016 | -99,300 | Reduce 1.21% | 8.14 M | $26.43 |
| Q4 2016 | -196,400 | Reduce 2.41% | 7.94 M | $20.92 |
| Q4 2017 | -7.94 M | Sold Out | 7.94 M | $22.96 |
| Q2 2020 | +1.83 M | New Buy | 1.83 M | $36.68 |
| Q3 2020 | -864,000 | Reduce 47.13% | 969,100 | $39.16 |
| Q1 2021 | -969,100 | Sold Out | 969,100 | $36.02 |
| Q1 2024 | +111,391 | Add 0.00% | 111,390 | $31.62 |
| Q1 2025 | -34,930 | Reduce 31.36% | 76,460 | $45.97 |
David Einhorn's VanEck Gold Miners ETF Investment FAQs
David Einhorn first purchased VanEck Gold Miners ETF (GDX) in Q2 2016, acquiring 8,240,596 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
David Einhorn has held VanEck Gold Miners ETF (GDX) for 38 quarters since Q2 2016.
David Einhorn's largest addition to VanEck Gold Miners ETF (GDX) was in Q2 2016, adding 8,240,596 shares worth $228.35 M.
According to the latest 13F filing for Q3 2025, David Einhorn's firm, Dme Capital Management, Lp, owns 76,460 shares of VanEck Gold Miners ETF (GDX), valued at approximately $5.84 M.
As of the Q3 2025 filing, VanEck Gold Miners ETF (GDX) represents approximately 0.23% of David Einhorn's publicly disclosed stock portfolio, making it one of their key holdings.
David Einhorn's peak holding in VanEck Gold Miners ETF (GDX) was 8,240,596 shares, as reported at the end of Q2 2016.