Other notable hedge fund managers that hold stakes in ETFs like GDX and GLD include David Einhorn, John Paulson and George Soros. Paulson is reportedly the largest shareholder in GLD. GLD is up 3.9% in the past month and gold futures have closed higher in five of the past six trading sessions.

SPDR Gold Shares

ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.