Murray Stahl's GDX Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 9,054 shares of VanEck Gold Miners ETF (GDX) worth $691,715, representing 0.01% of the portfolio. First purchased in 2019-Q1, this long-term strategic position has been held for 27 quarters.
Based on 13F filings, Murray Stahl has maintained a strategic position in GDX, demonstrating sustained confidence in this investment. Largest addition occurred in Q2 2020, adding 91,753 shares. Largest reduction occurred in Q4 2020, reducing 41,759 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl'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 Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2019 | +15,240 | Add 0.00% | 15,239 | $22.44 |
| Q3 2019 | +51,852 | Add 340.26% | 67,091 | $26.71 |
| Q4 2019 | -22,204 | Reduce 33.10% | 44,887 | $29.27 |
| Q1 2020 | +15,370 | Add 34.24% | 60,257 | $23.03 |
| Q2 2020 | +91,753 | Add 152.27% | 152,010 | $36.68 |
| Q3 2020 | +17,274 | Add 11.36% | 169,284 | $39.16 |
| Q4 2020 | -41,759 | Reduce 24.67% | 127,525 | $36.02 |
| Q1 2021 | -36,978 | Reduce 29.00% | 90,547 | $32.50 |
| Q2 2021 | -2,219 | Reduce 2.45% | 88,328 | $33.98 |
| Q3 2021 | -2,418 | Reduce 2.74% | 85,910 | $29.47 |
| Q4 2021 | -30,892 | Reduce 35.96% | 55,018 | $32.03 |
| Q1 2022 | -16,727 | Reduce 30.40% | 38,291 | $38.34 |
| Q2 2022 | -11,780 | Reduce 30.76% | 26,511 | $27.38 |
| Q3 2022 | -2,520 | Reduce 9.51% | 23,991 | $24.13 |
| Q4 2022 | -2,231 | Reduce 9.30% | 21,760 | $28.66 |
| Q1 2023 | -3,755 | Reduce 17.26% | 18,005 | $32.35 |
| Q2 2023 | -858 | Reduce 4.77% | 17,147 | $30.11 |
| Q3 2023 | -2,022 | Reduce 11.79% | 15,125 | $26.91 |
| Q4 2023 | -1,880 | Reduce 12.43% | 13,245 | $31.01 |
| Q1 2024 | -594 | Reduce 4.48% | 12,651 | $31.62 |
| Q2 2024 | -273 | Reduce 2.16% | 12,378 | $33.93 |
| Q3 2024 | -16 | Reduce 0.13% | 12,362 | $39.82 |
| Q4 2024 | -1,235 | Reduce 9.99% | 11,127 | $33.91 |
| Q1 2025 | -386 | Reduce 3.47% | 10,741 | $45.97 |
| Q2 2025 | -1,380 | Reduce 12.85% | 9,361 | $52.06 |
| Q3 2025 | -307 | Reduce 3.28% | 9,054 | $76.40 |
Murray Stahl's VanEck Gold Miners ETF Investment FAQs
Murray Stahl first purchased VanEck Gold Miners ETF (GDX) in Q1 2019, acquiring 15,239 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl has held VanEck Gold Miners ETF (GDX) for 27 quarters since Q1 2019.
Murray Stahl's largest addition to VanEck Gold Miners ETF (GDX) was in Q2 2020, adding 152,010 shares worth $5.58 M.
According to the latest 13F filing for Q3 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 9,054 shares of VanEck Gold Miners ETF (GDX), valued at approximately $691,715.
As of the Q3 2025 filing, VanEck Gold Miners ETF (GDX) represents approximately 0.01% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in VanEck Gold Miners ETF (GDX) was 169,284 shares, as reported at the end of Q3 2020.