Brevan Howard Capital Management LP GDX — VANECK VECTORS ETF TR

Ownership history in Brevan Howard Capital Management LP  ·  24 quarters on record

AI Ownership Summary

Brevan Howard Capital Management LP reported VANECK VECTORS ETF TR (GDX) in 24 quarterly 13F filings from 2023 Q4 through 2025 Q4. Peak portfolio weight reached 1.26% in 2024 Q4. The latest visible filing shows GDX at 0.26% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this GDX ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Brevan Howard Capital Management LP's position in VANECK VECTORS ETF TR, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

GDX was reported at 0.26% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
1.26% in 2024 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

GDX stock page Brevan Howard Capital Management LP fund profile Brevan Howard Capital Management LP full holdings
How Brevan Howard Capital Management LP held GDX — position size vs. price
% of Fund (quarterly)    GDX price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 8 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 ADDED — — — 272,053 +12,332 +4.7% 0.26% $23.7M 2026-02-14 (Est.) $103.94
2025 Q3 REDUCED 89.2% +13.2% ❌ 259,721 -2,140,279 -89.2% 0.09% $19.8M 2025-11-14 $75.61
2025 Q3 ADDED — — — 2,400,000 +2,358,997 +5753.2% 0.82% $183.4M 2025-11-14 $75.61
2025 Q2 REDUCED 54.4% +45.5% ❌ 41,003 -48,971 -54.4% 0.01% $2.1M 2025-08-14 $57.28
2025 Q1 REDUCED 98.4% +13.2% ❌ 89,974 -5,670,026 -98.4% 0.04% $4.1M 2025-05-15 $46.15
2024 Q4 ADDED — — — 5,760,000 +5,711,520 +11781.2% 1.26% $195.3M 2025-02-14 $40.78
2024 Q4 ADDED — — — 48,480 +8,166 +20.3% 0.01% $1.6M 2025-02-14 $40.78
2023 Q4 REDUCED 31.9% +3.3% ❌ 40,314 -18,870 -31.9% 0.02% $1.3M 2024-02-14 $25.52
16 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding GDX

As of 2026 Q1 — sorted by position size

Vanderbilt University 10.12% Grand Central Investment Group 3Y 7.2% CULTIVAR CAPITAL, INC. 5.58% Drum Hill Capital, LLC 5.46% Barry Investment Advisors, LLC 3Y 7Y 4.81% Mader & Shannon Wealth Management, Inc. 3Y 7Y 3.85% Pinnacle Wealth Management Group, Inc. 3Y 3.84% Kercheville Advisors, LLC 3Y 3.81% Guild Investment Management, Inc. 3Y 7Y 3.59% White Pine Investment CO 3Y 7Y 3.29%

FAQ About Brevan Howard Capital Management LP and GDX

These are the practical questions this page is built to answer before you even open the full history table.

How long has Brevan Howard Capital Management LP reported owning GDX?

Brevan Howard Capital Management LP reported GDX across 8 quarterly 13F filings, from 2023 Q4 through 2025 Q4.

What was the largest reported GDX position in Brevan Howard Capital Management LP's portfolio?

The largest reported portfolio weight for GDX was 1.26% in 2024 Q4.

What is the latest reported GDX position on this page?

The most recent filing on this page is 2025 Q4, when Brevan Howard Capital Management LP reported 272,053 shares, equal to 0.26% of portfolio, with an estimated market value of $23.7M.

What does the chart on this GDX ownership page compare?

The chart compares Brevan Howard Capital Management LP's quarterly GDX portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Brevan Howard Capital Management LP time their GDX position?

Based on 13F filing dates vs. subsequent GDX price moves, Brevan Howard Capital Management LP correctly timed 8 out of 21 reported position changes (38%).

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