Mader & Shannon Wealth Management, Inc. GDX — VANECK VECTORS GOLD MINERS ETF

Ownership history in Mader & Shannon Wealth Management, Inc.  ·  27 quarters on record

AI Ownership Summary

Mader & Shannon Wealth Management, Inc. reported VANECK VECTORS GOLD MINERS ETF (GDX) in 27 quarterly 13F filings from 2023 Q4 through 2026 Q1. Peak portfolio weight reached 6.05% in 2025 Q1. The latest visible filing shows GDX at 3.85% 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 Mader & Shannon Wealth Management, Inc.'s position in VANECK VECTORS GOLD MINERS ETF, 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
2026 Q1

GDX was reported at 3.85% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
6.05% in 2025 Q1

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 2026 Q1

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 Mader & Shannon Wealth Management, Inc. fund profile Mader & Shannon Wealth Management, Inc. full holdings
How Mader & Shannon Wealth Management, Inc. 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 10 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q1 REDUCED — — — 90,648 -62,164 -40.7% 3.85% $8.3M 2026-04-13 $98.78
2025 Q4 UNCHANGED — — — 152,812 — 0% 5.72% $11.7M 2026-01-29 $107.98
2025 Q3 ADDED — — — 152,812 +3,925 +2.6% 5.72% $11.7M 2025-11-12 $78.68
2025 Q2 REDUCED 35.4% +45.5% ❌ 148,887 -81,706 -35.4% 4.22% $7.8M 2025-07-31 $51.27
2025 Q1 ADDED — — — 230,593 +2,849 +1.3% 6.05% $10.6M 2025-05-05 $48.37
2024 Q4 REDUCED — — — 227,744 -7,533 -3.2% 4.78% $7.7M 2025-02-03 $39.27
2024 Q3 ADDED — — — 235,277 +256 +0.1% 5.45% $9.4M 2024-11-12 $35.43
2024 Q2 ADDED — — — 235,021 +6,110 +2.7% 4.79% $8.0M 2024-08-01 $36.57
2024 Q1 REDUCED 7.1% +7.2% ❌ 228,911 -17,621 -7.1% 4.06% $7.2M 2024-05-13 $34.30
2023 Q4 ADDED — — — 246,532 +1,133 +0.5% 4.35% $7.6M 2024-01-24 $27.18
17 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

RIT CAPITAL PARTNERS PLC 3Y 7Y 23.59% Forest Hill Capital, LLC 3Y 7Y 16.72% Vanderbilt University 10.12% Panview Capital Ltd 9.39% CMC Financial Group 3Y 7Y 8.49% Madrid Financial Services 8.13% III Capital Management 3Y 7.21% Grand Central Investment Group 3Y 7.2% Piedmont Capital Management, LLC 3Y 7.09% NORTHEAST PLANNING ASSOCIATES, INC. / NH / 6.78%

FAQ About Mader & Shannon Wealth Management, Inc. and GDX

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

How long has Mader & Shannon Wealth Management, Inc. reported owning GDX?

Mader & Shannon Wealth Management, Inc. reported GDX across 10 quarterly 13F filings, from 2023 Q4 through 2026 Q1.

What was the largest reported GDX position in Mader & Shannon Wealth Management, Inc.'s portfolio?

The largest reported portfolio weight for GDX was 6.05% in 2025 Q1.

What is the latest reported GDX position on this page?

The most recent filing on this page is 2026 Q1, when Mader & Shannon Wealth Management, Inc. reported 90,648 shares, equal to 3.85% of portfolio, with an estimated market value of $8.3M.

What does the chart on this GDX ownership page compare?

The chart compares Mader & Shannon Wealth Management, Inc.'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 Mader & Shannon Wealth Management, Inc. time their GDX position?

Based on 13F filing dates vs. subsequent GDX price moves, Mader & Shannon Wealth Management, Inc. correctly timed 12 out of 25 reported position changes (48%). The annualised alpha on GDX relative to SPY over the holding period was +7.3%.

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