GDX β€” VANECK VECTORS ETF TR

Ownership history in Fore Capital, LLC  Β·  18 quarters on record

This page tracks every 13F SEC filing in which Fore Capital, LLC reported a position in VANECK VECTORS ETF TR (GDX). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
6.7% (2024 Q1)
πŸ“Š Avg. % of fund
2.69%
πŸ“… First filed
2017 Q4
πŸ“… Last filed
2025 Q4
⏱ Quarters held
18

Position Intelligence

Fore Capital, LLC Γ— GDX AI Analytics

πŸ“ˆ Fore Capital, LLC outperformed the S&P 500 by +38.3% annually on this GDX position. Timing score: 44% (7/16 decisions correct). Average cost basis: $28.73. Maximum drawdown during holding period: –27.8%.

πŸ“ˆ Position Alpha vs SPY
+38.3%
annualised excess return

πŸ”₯ Exceptional β€” beat the S&P 500 by 38.3% per year on this position.
9 quarters analyzed

⏱️ Timing Score
44%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
7 of 16 add/trim decisions correct

πŸ’° Entry Quality
$28.73
+198.5% vs current ($85.77)

Best entry: $20.15 (2018 Q1)  Β·  Worst: $85.77 (2025 Q4)

πŸ›‘οΈ Drawdown Resilience
–27.8%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
44%
buy-side decisions

8 adds Β· 10 trims. Bought during 1 of 3 down-price quarters. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
↑ Growing
last 4–5 quarters trend

πŸ“ˆ Fore Capital, LLC has been actively increasing its GDX allocation β€” a bullish signal from insiders.
Currently 4.2% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    GDX price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 150,000 -45,000 -23.1% 4.20% $12.9M $85.77
2025 Q4 ADDED 195,000 +95,000 +95.0% 5.47% $16.7M $85.77
2025 Q3 REDUCED 100,000 -45,000 -31.0% 1.82% $6.4M $75.85
2025 Q2 REDUCED 145,000 -255,000 -63.7% 2.69% $7.5M $51.68
2024 Q4 ADDED 400,000 +200,000 +100.0% 5.18% $13.56B $33.67
2024 Q3 ADDED 200,000 +90,000 +81.8% 3.34% $7.96B $39.07
2024 Q2 REDUCED 110,000 -235,000 -68.1% 2.37% $3.73B $33.29
2024 Q1 ADDED 345,000 +305,000 +762.5% 6.70% $10.91B $31.03
2023 Q4 REDUCED 40,000 -60,000 -60.0% 0.61% $1.24B $30.43
2023 Q4 REDUCED 100,000 -100,000 -50.0% 1.52% $3.10B $30.43
8 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history

🏒 Other funds also holding GDX

As of 2025 Q4 β€” sorted by position size

RIT CAPITAL PARTNERS PLC 3Y 7Y 22.96% New Harbor Financial Group, LLC 3Y 7Y 13.61% Forest Hill Capital, LLC 3Y 7Y 12.26% Crocodile Capital Partners GmbH 3Y 10.25% Amitell Capital Pte Ltd 3Y 9.94% CMC Financial Group 3Y 7Y 9.72% CULTIVAR CAPITAL, INC. 9.66% ARP Global Capital Ltd 9.45% Barry Investment Advisors, LLC 3Y 7Y 9.43% AVALON CAPITAL MANAGEMENT 3Y 7Y 7.31%
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